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Written by: Cao Minwei
Last update date: 2021-05-06 19:59
The epidemic has swept across the world indiscriminately, and the economies of all countries have been severely impacted. However, companies that focus on the development of innovative technology have thrived and become "unicorns" with assets of more than one billion US dollars. Personalization, turning amateur to professional education courses into educational applications, establishing a full set of distribution network services for private kitchens, and creating mirror projection services for home fitness, etc., virtual online business opportunities have seen a spurt of growth.
In Hong Kong, the tourism industry has been hit hard by the epidemic. Why did the travel website Klook perform miracles in the adversity?
The economy is sluggish, a large number of shops have closed, and banks are worried about bad debts. Why does the virtual bank WeLab push online loans?
Start-up companies face the monopoly of giants, just like David faces the giant Goliath. These energetic young unicorns, with innovative thinking and flexible new-generation spirit, will rewrite the future global economy.
Walking through the busy city, there are closed shops everywhere in the city, the unemployment rate has hit a new high, and the market is sluggish, which makes people dare not optimistic.
The global economy has come to a standstill. However, two local unicorns, Klook and WeLab, with a valuation of more than US$1 billion, have successfully secured a new round of large international financing of 1.56 billion and 600 million Hong Kong dollars.
Under the epidemic, the public will shift their desire for travel to home vacations and glamping.
The tourism experience platform takes this to expand the local travel business.
(Profile picture / Photo by Luo Junhao)
The travel experience platform Klook conducted a survey in December last year and found that 77% of respondents felt depressed because they could not travel. They shifted their desire for travel to Staycation (home vacation) and Glamping (luxury camping). This trend It has become the company's key to victory during the anti-epidemic period.
Klook’s office is located in Soho, Central. The company uses the brand’s iconic bright orange as the main tone. When you step out of the elevator, you will see a huge coffee shop. Every corner has a card seat similar to a tea restaurant and a small room like a telephone booth. Everyone holds a laptop computer in hand and finds a comfortable space to work.
Hong Kong Marketing Director Percy said with a smile that his colleagues are very young and he is the most mature employee in the company.
She shared that the company has set up a meditation time every week for employees to relax together.
Klook's office is located in Soho, Central. The company uses the brand's iconic bright orange as the main tone.
Hong Kong Marketing Director Percy shared that the company has a weekly meditation time for employees to relax together.
(Provided by interviewee)
In January of this year, despite the economic downturn, Klook was able to complete US$200 million in financing. The investment was led by the pan-Asian investment company Aspex Management. The company’s existing investors Sequoia Capital China Fund and SoftBank Vision Fund Also participate in investment.
Since 2014, the accumulated financing has reached 720 million US dollars (approximately 5.593 billion Hong Kong dollars).
Percy said that the company's philosophy focuses on agility and flexibility, and the management allows employees to put forward wild ideas, practice and learn from them.
During the epidemic, the team conceived the concept of going out for dinner and staying in a hotel for a short stay. With the full support of the management, the team finally created a miracle against the market.
As the virtual bank WeLab used more online banking services during the epidemic, the total number of users increased by 20% last year, with about 10 million new users, and it attracted many high-quality customers who were originally traditional banks.
In March this year, it received another US$75 million in financing. Since its establishment in 2013, it has accumulated more than HK$5 billion in strategic financing.
What are the advantages of two unicorn companies with a valuation of more than one billion U.S. dollars?
Please read the full text of the "Hong Kong 01" weekly electronic journal.
The above is excerpted from the 263th issue of "Hong Kong 01" Weekly (May 3, 2021) "A New Generation of "Unicorns" Changing the World". If you want to read the full text, please
The above is excerpted from the 263th issue of "Hong Kong 01" Weekly (May 3, 2021) "A New Generation of "Unicorns" Changing the World".
If you want to read the full text, please
click here to
sample the weekly newsletter and browse more in-depth reports.
Featured content of the 263 issue of "Hong Kong 01" Weekly News:
[Cover report] Green bonds become a new trend, Hong Kong can become a green financial center
Meituan's anti-monopoly investigation and rectification of the platform economy has just begun
U.S. dollar hegemony begins to decline, forming a global trend of "de-dollarization"
Political turmoil does not stop at Modi's India epidemic affecting Indo-Pacific geostrategy
The new generation of unicorns that changed the world
The EU presents the strictest bill to supervise the AI era
Unicorn KLOOKWelab01 Weekly Report on Hong Kong Economy and Tourism


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The phrase "Made in America" used to mean something special. It stood for a product that was forged in the U.S., and it symbolized the hard work and patriotism of the American worker that went into manufacturing that product. Furthermore, purchasing goods produced domestically represents a way of supporting American businesses and entrepreneurs.
But, "Made in America" doesn't carry the same weight as it once did. Nowadays, businesses from many sectors are forced to look outside our borders for parts and labor in order to reduce their costs and remain price competitive with their peers overseas. Even in instances where products are being manufactured in the U.S., an increasing number of parts being used to manufacture those goods comes from outside the United States.
"Made in America" is hardly recognizable in this industry
Perhaps no industry has made this shift appear more transparent than the auto industry.
According to the ninth annual Cars.com American-Made Index report, the list of vehicles that qualify for ranking is dwindling dramatically. In order to qualify, 75% or more of a vehicles parts need to be manufactured in the U.S., the vehicle needs to be assembled in the U.S., and the final component ranks total domestic sales of the vehicle. Based on those criteria, just 10 vehicles qualified in 2014. This is down from 14 vehicles in 2013, 20 in 2012, and 30 in 2011, and it speaks to the cost pressures that some of the biggest names in the auto industry are currently facing. In other words, automakers in increasing numbers are turning to foreign parts to cut manufacturing costs.
While Cars.com's annual report isn't a perfect measure of how "American" a car is, because it fails to factor in the emotional ties of a brand to American culture and the history behind an auto manufacturer or brand, it does offer insight into what vehicles are clearly helping American businesses. It could well offer clues as to what vehicles U.S. consumers might continue to buy.
Now, if you were to think of the most "American-Made" cars, there's a good chance that the Chevrolet Corvette would come to mind.
It's been in production since the summer of 1953, and since that time close to 1.6 million units have rolled off General Motors' (NYSE:GM) assembly lines. Furthermore, with the exception of 1983, when only 44 prototypes were built and not sold to the public, it's been in production for 61 straight years.
5 foreign vehicles that are more "American" than the Corvette
Arguably, the Corvette is among the most deeply rooted cars in American culture. But, according to Cars.com there are five foreign vehicles that are even more "American" than the Corvette, which finished seventh in the rankings.
These five vehicles include a landslide showing from Toyota (NYSE:TM) with the Camry, Sienna, Tundra, and Avalon occupying the second, fourth, fifth, and sixth spots, respectively, on Cars.com's list, with Honda (NYSE:HMC) claiming the third spot with the Odyssey. I'll let the fact that two minivans are considered more American than the Corvette sink in for a moment, because I know I had to recover after reading it for the first time!
As noted by Cars.com, General Motors actually had at least one of its three-row crossover SUVs (the Buick Enclave, Chevrolet Traverse, and GMC Acadia) take a top-10 spot over the previous three years, but an uptick in foreign parts content removed them from qualifying this year. In fact, foreign-based automakers that have set up assembly plants in the U.S. occupied seven of the top 10 spots. For GM, the Chevy Corvette represents its only mention among the top 10.
For Toyota and Honda, there are a couple of factors which allow them to stand out and jump ahead of the American icon Corvette in Cars.com's report.
First, consider the final criterion of Cars.com's report: total U.S. sales. The Corvette isn't geared to be America's best-selling car, and it never will be. It's an exclusive car built for the driving enthusiast and therefore won't appeal to a wide audience. In contrast, Toyota's Camry, Sienna, Tundra, and Avalon, as well as Honda's Odyssey, are generally no-frills, family-oriented vehicles built with the idea of fuel-efficiency and quality in mind. Not surprisingly, as you can see below, these vehicles handily outsold the Corvette in 2013, and thus are easily able to hurdle it in Cars.com's report.
Secondly, both Toyota and Honda have been setting up shop in foreign markets regardless of fluctuations in the yen, and this includes the United States. In theory, if the yen strengthens these foreign-based manufacturers can turn to U.S.-built components in order to save money. Even with a weaker yen the simple proximity of not having to ship their product overseas can be a big advantage.
Also, some states have even been willing to offer tax incentives in order to entice foreign-based automakers to expand their production line. In April 2013 Toyota announced a $147 million tax incentive from the state of Kentucky to expand its production line in Georgetown to include another vehicle. Keep in mind, Georgetown is already where all U.S.-sold Avalon's, and some of its top-selling Camry's, are manufactured. Coupling tax incentives with favorable currency effects allows Toyota and Honda to feel right at home in the U.S., as well as to pad their pocketbooks as long as consumers keep buying their vehicles.
The American-Made Index isn't perfect, but it does lend to an interesting conclusion that Toyota and Honda are producing more cars that qualify as truly "American-made" than the big three in Detroit. I'm not sure if this is something to be proud of, in regard to the U.S. being a lure for foreign businesses, or something to mourn, as true U.S. auto icons continue to distance themselves from their American heritage. That's something you'll have to decide for yourself, and let us know in the comments below.

domain: news


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IN THIS ISSUE:
1. GDP Holds Steady, Consumer Spending Rebounds
2. Consumer Spending Up Strongly, Inflation Still High
3. House Passes Controversial “Build Back Better” Plan
Economy: GDP Holds Steady, Consumer Spending Rebounds
The government reported last week that US Gross Domestic Product rose at an annual rate of 2.1% in the 3Q, up ever so slightly from its initial report of 2.0% late last month. The drop to 2.1% was a substantial reduction from the blistering 6.3% and 6.7% pace in the first two quarters of the year as the economy recovered from last year’s COVID-19 lockdowns and layoffs.
The small increase from the initial third quarter GDP estimate a month ago reflected a slightly better performance for consumer spending, which grew at a still lackluster 1.7% rate in the 3Q, compared to a 12% surge in the April-June quarter. The contribution to GDP from business inventory restocking was also revised up slightly.
The economy's weak summer performance reflected a big slowdown in consumer spending as a spike in COVID-19 cases from the delta variant caused consumers to grow more cautious, and snarled supply chains made items such as new cars hard to get and also contributed to a burst of inflation to levels not seen in three decades.
While COVID cases in recent weeks have started to rise again in many parts of the country, economists do not think the latest increase will be enough to dampen consumer spending significantly, which accounts for 70% of economic activity.
The expectation is that the economy in the current October-December quarter could grow at the strongest pace this year, with some economists forecasting GDP could surge to an 8% rate in the 4Q. Most forecasters I read, however, expect GDP to grow by more like 5% for the 4Q.


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TikTok, the insurgent social video platform, has appointed Total Media as its media agency in the UK, France and Germany after a competitive pitch.
The account is worth £3m, according to Nielsen figures from 2018.
TikTok is also in the process of reviewing its advertising requirements, having recently worked with TBWA\Düsseldorf and Blue 449 on the launch of its first UK campaign in December.
Up until now, brand is understood to have worked with media shops on a channel-specific basis, with Blue 449 being hired last year on a project basis to buy out-of-home media in the UK. Blue 449 did not pitch against Total Media.
Total Media is tasked with planning and buying for online and offline channels, with a focus on targeting 18- to 34-year-olds (especially those aged 24 and over).
TikTok is relatively new to the West. Its Chinese owner, ByteDance, acquired Musical.ly, the user-generated music-video-sharing app, at the end of 2017 and in August 2018 merged it into TikTok, which was already popular in Asia.
According to a recent report, TikTok was the single most downloaded app in the US in September 2018, ahead of Facebook, Instagram, YouTube and Snapchat.
TikTok has quietly launched an ad sales unit, according to a report by Digiday last month. The company’s global head of marketing, Stefan Heinrich, insisted in November last year that TikTok was "focused on consumer experience" for the moment, with plans to launch ad formats coming further down the line.


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Adidas sees 40 per cent uplift in sales from first-ever women's campaign
March was the first time a standalone, cross-category campaign for women on national TV was put out by Adidas, which used to do little patches of advertising in single categories like running. The German brand commonly runs global TV spots in each local market, exceptions being the Beijing ...
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Paul Kagame ]
By Kelvin Odoobo
Rwanda's agricultural sector continues
to maintain an impressive growth
trend in the first half of 2009
in spite of taking a hard hit from
the current global economic downturn.
The Permanent Secretary of the
Ministry of Agriculture (MINAGRI)
Ernest Ruzindana said that despite
an 8.12% reduction in export volume
the sector registered growth
In a presentation, Overview
of Achievements and Challenges
in the Agricultural sector,
January - June 2009, during
the Joint Agriculture Sector Review
at Laico Umubano Hotel in Kigali,
Ruzindana said agriculture
registered a 6.6% increase
in food production in Season B of 2009.
Rwanda experiences a short
rainy season from September
to November (Season A) and
a long rainy season from
February to May (season B).
The short dry season runs
from December to January
and the long dry season
from June to mid-September.
However at 2.9%, the reduction
in export earnings was much
smaller than the reduction
in total volume of exports.
Increases in yields stood
at 99% for maize, 43% for wheat,
28% for rice and sweet potatoes.
More importantly was an
11% increase in bean production
which marks a significant
increase in protein supply to the population.
There was a also a significant
growth in milk production and
consumption during the first
half of the year during which
143.15 million litres, 11.2% increase,
contributed to the increase from
about 25 litres per person
per year consumption in 2008
to 29 litres/per person /year in 2009.
This is closer to the FAO
recommendation of 54 litres/person/year.
However the dairy sub-sector still
faces crucial challenges in
increasing milk production in
few collecting centres, low capacity
of milk processing plants,
lack of animal feeds,
artificial insemination services
and weak veterinary services.
The volume of coffee exported
from January to June fell from
4.92 million kilograms in 2008
to 4.27 million kilograms in 2009
while the value of coffee exports
fell further from US$12.05 to
US$9.5 million due to the fall
in coffee prices.
However, despite a fall in volume
of tea expected by 2.5%, earnings
from tea exports increased by
10.6% from US$2.06 million to
US$2.34 million during the same
period mainly due to the increase
of tea prices by 13.6%.
Ruzindana also said that investments
in higher-value products
are paying off.
The Rwanda government through
its policy of adding value
to agricultural products locally
to boost farmers' earnings has
seen the development of
special Rwanda coffee and tea brands.
The Minster of Agriculture
Agnes Kalibata said the proposed
Rwanda Agricultural Board which
will streamline the sector initiatives
and harmonise them with
various government institutions
was pending cabinet approval.
The new Rwanda Agricultural
Board will combine the Rwanda
Agricultural Research Institute,
Rwanda Agricultural Development
Authority and Rwanda Animal
Resources Development Authority.
Sent from Kigali, Rwanda


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Earlier this week, Tesla announced that an entire event will be held at its Gigafactory in Sparks, Nevada to celebrate the first deliveries of its class-8 semi-truck, the Tesla Semi. Now that the event is all set to happen, Tesla has started sending invites to retail investors to RSVP.
These invitations are limited to Tesla retail investors and there is a verification method to bypass before being able to attend this event. So, this event is not the same as the Cyber Rodeo or the Model Y delivery event at Giga Berlin.
Verified Tesla retail investors started receiving these invitation emails around Thursday/Friday this week. Tesla asked the invited investors to RSVP by 28th November 11:59 PM to attend the event on December 1st.
As the first-ever batch of Tesla Semi trucks will be handed over to the corporate customer PepsiCo, the automaker has already updated its mobile app in advance to make room for the Semi.
As Tesla Semi will now join the ‘production vehicle lineup’ of the Austin, TX-based electric automaker, it was inevitable to add it to the Tesla mobile phone app.
Tesla has added 3D models of the exterior and interior of the Tesla Semi to its phone app to enable the owners and users in managing their trucks.
The interesting part of having a Tesla vehicle and the company’s OEM phone app gives you a level of control over your vehicle. For example, you can set the cabin temperature for cooling or heating before using the vehicle, monitor range and battery status, and even monitor the surroundings of your vehicle remotely to name a few.
OlympusDev who is a hacker was the first one to explore the new Tesla Semi renderings inside the Tesla mobile app. However, he was able to only confirm this change for the iOS version for now. These renderings were found in the Tesla mobile app for iOS version 4.14.3.
Attendees at the Tesla Semi delivery event will not only witness the first production trucks but also will be able to observe the first Megacharger station Tesla has built at Giga Nevada. This station is purpose-built to charge the large battery of the world’s first production electric semi and the automaker plans to develop these across North America and Europe in the future.
Stay tuned as we bring you the interesting details from the Tesla Semi event as it happens on December 1st.
Stay tuned for constant Tesla updates, follow us on:
Google News | Flipboard | RSS (Feedly).
- Tesla phone app now has a “Charge Your Non-Tesla” section, v4.19 provides better battery insights
- Tesla FSD Beta v11.3.2 (2022.45.11) wide release starts rolling out, watch the initial tests
- Cadillac’s China sales team parks a LYRIQ electric SUV at a Supercharger station in a desperate attempt to lure Tesla owners
- Tesla rolls out FSD Beta 11.3.1 (2022.45.10) to limited external beta testers, watch the first impression videos
- Tesla introduces ‘Ultra Red’ a fiery new Model S and Model X premium paint option
- Tesla obtains wheel cover design patent for the Cybertruck
- Tesla Semi and the Cybertruck engage in a friendly drag race outside Giga Texas (video)
- Tesla makes massive decrease in Model S/X prices, shuffles Model Y/3 prices a bit (new price list)
One reply on “Tesla starts sending Semi delivery event invites, adds the truck pictures to the Tesla mobile app”
Great article thanks. If God allows my Veteran PTSD claim to come to fruition a Tesla would be my dream car like my Current custom Corvette was in 1969.


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Callaway Golf Company (NYSE:ELY) today announced its first nine months and third quarter 2014 financial results, reflecting its continued improvements in market share, tour success, and operating efficiencies, as well as its anticipated return to profitability for the full year, which would be the first time since 2008.
Despite softer than expected market conditions, Callaway reported for the first nine months of 2014 a 5% increase in net sales driven by growth in woods (+6%), irons (+9%), golf balls (+5%) and accessories and other (+3%). In addition, the Company’s improvements in gross margins (+280 basis points) and effective cost management (operating expenses were flat despite incremental investments in tour and marketing) allowed the Company to offset an almost $10 million increase in other expense, resulting primarily from adverse changes in foreign currency contract values. The 2014 results also benefitted from a $10 million decrease in pre-tax charges related to the cost-reduction initiatives that were completed in 2013. As a result, during the first nine months of 2014, income from operations doubled to $70 million and fully diluted earnings per share increased 83% to $0.66.
For the third quarter of 2014, sales were $169 million, a decrease of 5% compared to last year due to continued industry softness and the timing of new product launches compared to the same period last year. This decline in net sales, however, was more than offset by a 540 basis point improvement in gross margins, an $8 million improvement in operating expenses, and a $5 million improvement in other income due to positive changes in foreign currency contract values. As a result, income from operations improved to a loss of $3 million compared to a loss of $17 million for the third quarter last year and loss per share improved to a loss of $0.01 compared to a loss of $0.32 for the same period last year.
- 2014 first nine months sales increased 5% to $752 million, compared to $716 million in 2013; income from operations increased 100% to $70 million, compared to $35 million in 2013; earnings per share increased 83% to $0.66, compared to $0.36 in 2013.
- 2014 third quarter sales decreased 5% to $169 million, compared to $178 million in 2013; loss from operations improved to a loss of $3 million compared to a loss of $17 million in 2013; earnings per share improved to a loss of $0.01 compared to a loss of $0.32 in 2013.
- Callaway raises full year 2014 earnings guidance, estimating fully diluted earnings per share of $0.15 to $0.18 compared to prior guidance of $0.12 to $0.16; estimates net sales of approximately $890 million, consistent with prior guidance of $880 million to $900 million.
- Callaway estimates continued net sales growth in 2015 of 1%-2% on a consolidated basis, reflecting an estimated 5%-6% sales growth in its core channels, anticipated adverse effects from foreign currency exchange rates, first half retailer conservatism, a strategic change in product launch timing, and a reduction in certain closeout sales; Callaway also estimates further increases in profitability in 2015.
“Overall, we are pleased with our results for the third quarter and first nine months,” commented Chip Brewer, President and Chief Executive Officer. “While challenging market conditions have made sales growth in the first nine months of this year more difficult than we would have liked, we are encouraged by our market share gains and are confident that we are outperforming the industry. We are also benefitting from the many actions we have taken these past two years to improve our operating efficiencies, as we have been able to achieve significant improvements in profitability despite the effect of the headwinds on top-line performance.”
“We believe we are well-positioned for the balance of 2014 and for 2015,” continued Mr. Brewer. “Our brand continues to build momentum, our organization is strengthening, and we have an incredible product pipeline, including the Big Bertha Alpha Drivers, the Big Bertha Irons and Hybrids and our new Japan line of Big Bertha Beta Irons and Hybrids that are launching in the fourth quarter. As a result, we expect our recovery to continue with steady improvement in profitability.”
Outlook for 2014
Given an improving industry outlook for the fourth quarter, coupled with the Company’s planned new product launches, the Company is increasing its full year earnings guidance and updating its other guidance. The revised full year guidance is as follows:
Net sales for the full year 2014 are currently estimated to be approximately $890 million, an increase of 6% compared to $843 million in 2013. The Company’s prior guidance was $880 million to $900 million. The Company believes this growth rate will exceed the overall market and be driven by brand momentum and market share gains.
- Gross margins are currently estimated to be approximately 41.0%, compared to prior guidance of 41.7%. This decrease is primarily the result of unfavorable changes in foreign currency exchange rates. Gross margins were 37.3% in 2013. This anticipated improvement in 2014 is expected to result from improved operating efficiencies, improved pricing and mix of product sales, and the decrease in charges related to the cost-reduction initiatives.
- Operating expenses are currently estimated to be approximately $336 million, an improvement compared to previous guidance of $345 million due to the favorable impact of foreign currency exchange rates and lower stock price as well as effective cost management. The 2014 estimate is an increase compared to $326 million in 2013 due to a planned increase in investments in tour and marketing, higher variable sales related expenses, and modest cost of living increases.
- Pre-tax income is estimated to range from $18 million to $20 million, with a corresponding tax provision of approximately $5.6 million. Pre-tax income in 2013 was a loss of $13.3 million with a corresponding tax provision of $5.6 million.
- Fully diluted earnings per share is estimated to range from $0.15 to $0.18 on a base of 78 million shares, compared to a 2013 loss per share of $0.31 on 73 million shares. If the Company is successful in achieving these results, it would be the Company’s first full year net profit since 2008 and would represent a significant milestone in the Company’s turnaround.
Preliminary Outlook for 2015
The Company believes that it will continue to grow market share in 2015 and that industry conditions will improve. The Company, however, is anticipating continued headwinds from adverse changes in foreign currency exchange rates and retailer conservatism during the first half of 2015, as well as a reduction in closeout sales in 2015 compared to 2014. The Company believes that these factors will be offset by full year sales growth of 5%-6% in the Company’s core channel business in 2015. The Company further cautioned that the strategic change in product launch timing will adversely impact its first quarter 2015 sales comparisons to 2014, although it will benefit the Company in the long-term. Considering all of these positive and negative factors, the Company is currently estimating that its net sales will grow 1%-2% on a consolidated basis in 2015. The Company also expects steady improvement in its profitability in 2015.
Conference Call and Webcast
The Company will be holding a conference call at 2:00 p.m. PDT today to discuss the Company’s financial results, outlook and business. The call will be broadcast live over the Internet and can be accessed at www.callawaygolf.com. To listen to the call, please go to the website at least 15 minutes before the call to register and for instructions on how to access the broadcast. A replay of the conference call will be available approximately three hours after the call ends, and will remain available through 9:00 p.m. PDT on Thursday, October 30, 2014. The replay may be accessed through the Internet at www.callawaygolf.com
Callaway Golf www.callawaygolf.com


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Heading out the door? Read this article on the new Outside+ app available now on iOS devices for members! Download the app.
Edelman’s recent GoodPurpose survey of consumers (6000 people, 10 countries, 18-64 years old) showed that 91 percent said that protecting the environment is the cause they personally care the most about.
That leads improving the quality of health care (89 percent) and reducing poverty (87 percent), according to the study by Edelman.
82 percent of those surveyed said they were more likely to trust a company for making progress on environmental initiatives. That was the seventh-ranking trust item, with the leading vote going to companies that trust their employees. Nearly six out of ten consumers (58%) are looking for brands to do more for them than just provide them with a product or service. 64%of consumers say they expect brands today to do something to support a good cause.
So, is it true? Is protecting the environment the most important thing to you? Do you trust a company more that’s working on environmental initiatives? And if so, what companies do you trust when you walk into your local outdoor shop? Pleas tell us in the comments below.


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It allows small taxpayers to pay GST at a fixed rate of turnover and not go through the tedious GST formalities.
"Government jobs involving high element of labour have been changed from 18 per cent to 12 per cent".
Quoting sources moneycontrol.com reported that the GST rate on some handicraft items may be cut to 5 percent from 12 percent.
Stationary items, flooring stones other than marble and granites, parts of diesel engine and pumps will now attract 18 per cent GST against the present rate of 28 per cent, Jaitley added.
Under the composition scheme, the tax rate for traders of goods will be 1 per cent, 2 per cent for manufacturers and 5 per cent for restaurants and suppliers of food or drinks. Today's recommendations will immensely help small and medium business. This threshold of turnover for special category States, except Jammu & Kashmir and Uttarakhand, shall be increased to Rs. 75 lacs from Rs. 50 lacs. Pratik Jain, leader, indirect tax, PwC, said: "Deferring reverse charge mechanism on purchases from unregistered dealer is a step in the right direction, which will avoid complex paperwork by purchasers". The official said that there is no need to worry about the shortfall as there is a provision that in the first five years, the Centre will compensate for the revenue loses.
Responding to the concerns of the small exporters regarding the capital blockage due to the GST, The Finance Ministry said that the blocked refund of IGST paid on goods exported outside India in July would begin to be reimbursed from next week.
Following the day-long meeting of the GST Council, Jaitley told reporters that this would be an interim relief, and as a long term measure e-wallets will be created for all exporters by April 1, 2018, to carry forward the refund process. It will be given a notional amount as advance refund.
Such businessmen will submit a tax return by depositing a percentage of total sales once in three months. The registered buyers from such small taxpayers would be eligible to avail ITC on a monthly basis. Members examined the provisions and after detailed study we found that large companies/taxpayers contribute to 94-97 per cent of the taxes filed.
# Service providers with turnover less than Rs 20 lakh are exempt from inter-state service.
Service providers can not opt for the composition scheme.
After assessing the readiness of the trade, industry and government departments, it has been decided that registration and operationalisation of TDS/TCS provisions shall be postponed till March 31, 2018.


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NKY Counties Honored for Tourism Growth
Boone, Campbell, and Kenton Counties received Economic Engine Awards from the Kentucky Travel Industry Association (KTIA) during the meetNKY National Travel & Tourism Week celebration last week.
This award is given to those who have had a significant economic impact on the local economy through tourism. Boone, Campbell, and Kenton County’s high rates of tourism revenue and job creation stand out statewide.
“Today we celebrate the exceptional economic contribution of the tourism industry in Boone, Kenton, and Campbell Counties to their local communities. The investments in marketing Northern Kentucky as a destination has created major economic catalysts for our region,” said Eric Summe, President & CEO of meetNKY. “Congratulations to our region on receiving these Economic Engine Awards.”
Boone County tourism has created more than 6,000 tourism jobs and generated more than $1.69 billion in economic impact annually.
“To those who devote their time to making Boone County an extraordinary place for visitors, thank you. Your positive efforts do not go unnoticed and are greatly appreciated,” said Boone County Judge Exec. Gary Moore. “Marketing Boone County not only brings visitors to our community and enhances life for our residents, but it positively affects our state as a whole.”
Campbell County tourism has created more than 2,500 tourism jobs and generated more than $162 million in economic impact annually.
“The economic impacts of the tourism industry to both our local communities and our great Commonwealth cannot be understated. Campbell County’s increased visitors demonstrate the positive effects of tourism marketing,” said Campbell County Judge Exec. Steve Pendery. “The work carried out by our travel related businesses continue to make our community a wonderful place to live, and we thank you.”
Kenton County tourism has created over more than 4,900 tourism jobs and generated more than $1.19 billion in economic impact annually.
“Being recognized with the Economic Engine Award is a great honor for Kenton County,” said Kenton County Judge Exec. Kris Knochelmann. “I would like to thank our tourism businesses for their dedication to improving our community, and for the visitors they attract to our region.”
“Tourism is a vital part of Kentucky’s economy, as shown by Boone, Campbell and Kenton County’s successes,” said Majority Floor Leader Sen. Damon Thayer. “Congratulations and thank you to the tourism related businesses that make Kentucky a destination for visitors around the world.”
Summe presented the Economic Engine Award to Boone County Commissioner Charlie Walton, Campbell County Commissioner Brian Painter, and Kenton County Commissioner Jon Draud.
“Boone County is a unique treasure in our state, and I would like to thank meetNKY and our local attractions for marketing our community to visitors,” said Commissioner Walton. “The hard work from the tourism businesses in our community has significant impacts on our local economy, and for that, they deserve this recognition.”
“Receiving this award is a tremendous honor and one that we owe to our tourism industry, which works tirelessly to support our community,” said Commissioner Painter. “Congratulations to each county represented here today for their work in expanding our region’s economic growth.”
“Kenton County is making great strides in economic development and a lot of that has to do with our tourism-related businesses,” said Commissioner Draud. “Without the employment and financial support that they provide, and the visitors they attract, our area would not be recognized today. I congratulate the industry on their well-earned award.”
“Tourism is a big part of Northern Kentucky’s economy,” said Sen. Wil Schroder. “We are grateful for the people who have invested their time and money into tourism businesses that make Campbell County a great destination.”
“Northern Kentucky is a great place to call home. We are proud that Northern Kentucky continues its progress as a growing destination for visitors,” said Rep. Diane St. Onge. “We know our area to be an exceptional place to work and to raise our families. Thank you to the businesses and tourism industry that provide jobs for so many people who call this area home.”
“Tourism is the third largest economic contributor in Kentucky,” said Rep. Adam Koenig. “We appreciate all of the efforts to bring more visitors to the area, as it does so much for our local and state economies and job growth. We are all grateful.”
“We are happy to share Northern Kentucky with so many visitors every year,” said Rep. Dennis Keene. “We know it wouldn’t be possible without the people and businesses that make this area a great place to visit. Thank you to our travel related businesses who continue to market our community.”
Economic Engine Award winners will continue to be awarded across the state to communities with large tourism-directed economic development and job creation.


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10-27-2014, 03:31 PM #1
UK - Nab £118.16 in Lego on the high street? Heroin fix a-comin.'
Man stole Lego from WH Smith in Barnstaple to buy heroin (northdevonjournal.co.uk)
A man stole Lego from a Barnstaple shop so he could buy heroin, a court has heard.
Christopher Paul Reed, 35, from Victoria Road, Barnstaple, pleaded guilty to a charge of theft when he appeared at North Devon Magistrates’ Court on Friday.
Reed had stolen £118.16 worth of Lego and toys from WH Smiths in Barnstaple High Street in September.
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TORONTO, Dec. 3, 2018 /CNW/ -- A new report released today by Eagle Eye, a leading SaaS digital marketing provider, reveals a significant shift in Canadian consumer dining habits and their attitudes toward food and beverage brands, presenting new revenue opportunities for Canadian businesses heading into 2019.
Eagle Eye's report, Changing Tastes & Flavours: Canadians' Attitudes Toward Food and Beverage Brands Are Changing. Are F&B Operators Moving Fast Enough? comes at a time when Canada's vast geography, rich landscape and varied demographics have created a national food and beverage (F&B) industry that is dynamic, competitive, and as diverse as its citizens. But even with the global economy's unpredictability and fast-paced technological developments, the Canadian F&B sector has remained resilient.
Based on a survey conducted by Eagle Eye of 2,000 Canadian consumers and over 200 F&B professionals, the report looks at the relationship between how consumers engage with F&B establishments across the country, and whether F&B operators are equipped with the right tools and technology to meet those expectations. Key consumer statistics include:
- 71% have a meal outside of their home up to 10 times per month
- Younger generations and working professionals dine out more frequently, up to 20 times per month
- 62% of consumers spend up to $30 per visit
- 30% of Canadian consumers are currently members of a restaurant loyalty program
- 13% of Canadians use third-party delivery services like Uber Eats to order from restaurants, rather than through the restaurant directly
With more options and ways to interact with restaurants, bars, quick service restaurants (QSRs), taverns, and other F&B establishments, consumer dining habits have evolved significantly over the last twelve months. These behaviors include a higher frequency of restaurant delivery, getting fast food, buying prepared foods from the grocery store, getting takeout from a restaurant and ordering 3rd party food delivery services.
But while dining out remains at an all-time high for consumers, new data shows that many F&B operators are failing to engage with consumers—and losing out on revenue opportunities in the process:
- 38% of consumers have not received communications from a restaurant brand in the past 3 months
- Only 22% have received a personalized offer to prompt a first time-visit
- 35% have received an offer to prompt a return visit
- 60% of consumers would return for another visit if offered a coupon
- Only 30% of operators use technology, data and insights to identify their customers through promo codes, card payments or loyalty memberships
"Today's food and beverage sector is increasingly competitive, but most operators lack insights into who their customers are, how often they visit and what they're ordering," said Tim Mason, Chief Executive Officer at Eagle Eye. "To capitalize on the revenue opportunities our report has uncovered, Canadian brands need to become digitally connected to gather customer data, create a direct marketing channel, and stand out from their competitors. With the right digital infrastructure, food and beverage operators can cost effectively drive repeat visits and increase spend per visit."
The report also speaks to major challenges F&B operators face across Canada, including:
- Fraud continues to impact the industry, with 79% of operators experiencing customer- and staff-related fraud
- 36% of restaurant owners struggle with rising costs, but is most prominent among independently-operated businesses and those in operation for 20-plus years
- Staff turnover can be as high as 200-300% in a given restaurant
Strategies to overcome these challenges, and engage with customers in real-time via digital, mobile and social channels, are also addressed in the report, to help operators strengthen brand loyalty and drive revenue growth in a highly competitive market.
Download Changing Tastes & Flavours: Canadians' Attitudes Toward Food and Beverage Brands are Changing. Are F&B Operators Moving Fast Enough? to view the full report.
For more information about "Changing Tastes & Flavours," or to speak with Eagle Eye CEO Tim Mason, please contact Emily Bowe at firstname.lastname@example.org (305-749-5342 ext. 246). For more information about Eagle Eye, please visit www.eagleeye.com.
About the Changing Tastes & Flavours Survey
Changing Tastes & Flavours: Canadians' Attitudes Toward Food and Beverage Brands are Changing. Are F&B Operators Moving Fast Enough? is based on a survey of 2,000 Canadian consumers and over 200 F&B professionals. This survey marks the second in a series of independent surveys aimed at better understanding how Canadian consumers engage with various industries throughout Canada. The 2017 "Shifting Loyalties in Canada" survey analysing the retail sector can be found here.
About Eagle Eye
Eagle Eye (LSE: EYE) is a leading SaaS technology company that allows businesses to create a real-time connection to attract and retain customers through digital promotions and loyalty services. The Company's digital marketing platform, Eagle Eye AIR, enables the secure, real-time, multi-channel issuance, management and redemption of digital promotions and rewards, replacing previously used paper-based methods. Established in 2003, the Company is headquartered in the UK with an international hub in Toronto and is a London Stock Exchange AIM listed company.
Eagle Eye's platform creates a network effect between merchants, distributors and brands enabling stronger connections and value to all parties. With these capabilities, Eagle Eye enables brands and merchants to reduce cost, improve their customer offer and accelerate their innovation. The Company's current customer base comprises Canada's food and pharmacy leader Loblaw as well as leading names in UK grocery, retail and hospitality including John Lewis, Asda, J Sainsbury, Greggs, JD Sports, Ladbrokes, Marks & Spencer, Mitchells & Butlers, Pizza Express, Tesco and Thomas Pink. The Board of Eagle Eye includes the CEO Tim Mason, previously Deputy CEO of Tesco plc and Sir Terry Leahy, Non-Executive Director, who was Chief Executive of Tesco plc until 2011.
Visit www.eagleeye.com to learn more.
Emily Bowe, ThinkInk
+1.305.749.5342 x 246
SOURCE Eagle Eye


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Indian GST Council set to reconsider waiver on COVID-19 vaccine
The Indian government has stood by its application of goods and services tax (GST) on COVID-19 vaccines, however, the GST Council may be about to consider a policy change.
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Kenya Airways Launches Nonstop Flight From Mombasa to Dubai
Kenya Airways will start a new non-stop service from the Kenyan coastal city of Mombasa to Dubai, beginning on 15 December, 2022. The flight will originate from Nairobi and make a stop in Mombasa to pick up passengers.
The new service will operate four times a week using a Boeing 737-800NG. The introduction of this route is in response to demand from the market and is expected to boost the Kenyan coastal region tourism industry through direct access to and from the Middle East.
The Dubai - Mombasa route will give tourists from the Middle East, Russia, Northern Europe and Australia direct access to the wonders of coast region tourism and hospitality industry.
The Mombasa- Dubai route is expected to attract travellers to the Middle East for holiday or religious trips. The region's traders of electronics, clothes and other consumer goods will also benefit from the belly cargo capacity that will be available on the flight.
Additionally, the flights offer increased capacity for direct exports of seafood and fresh produce directly to the Middle East.
Kenya Airways Chief Commercial and Customer Officer Julius Thairu said, "The introduction of this route is key and strategic as it will open up the Kenya coastal region, boost the tourism and hospitality industry as well as stimulate trade to the coastal city. This launch is part of Kenya Airways network expansion strategy and commitment towards supporting the recovery of the tourism and hospitality industry in Kenya."
With this flight, Kenya Airways will increase its frequencies to Dubai to 14 times per week. Kenya Airways currently operates 10 weekly flights from Nairobi to Dubai using a mix of Boeing 737-800NG and the Boeing 787-8 Dreamliner.
Flights are open for booking via Kenya Airways website, www.kenya-airways.com, travel agents and Online Travel Agents (OTAs).


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Impact of Brexit on Logistics Companies and Suppliers
Brexit date approaches and UK-based businesses are increasingly anxious about their prospects, many having lost faith in the economy. Retailers and suppliers are now stocking on supplies to ensure that they are not falling low on essential goods due to delays and supply chain problems. Many fear that shipping delays at the EU-UK border may result in cash losses for both exporters and importers.
Impact of Brexit on the Logistics Sector
For many freight forwarders, it is clear that Brexit will have a negative impact on the continuity of trade, affecting both the UK and EU. It is clear that there would be customs, administrative, and economic changes, with additional charges and duties being imposed on shipments.
This will inevitably result in price increases, especially in light of the fact that the importers’ ability to purchase goods has declined due to currency devaluation. Tighter customs requirements are also likely to be imposed, along with strict controls on land transport.
This is mainly due to rising concerns about illegal immigration and terrorist attacks. The tighter customs requirements and likely land transport delays will inevitably result in higher costs for European logistics companies due to reduced effectiveness. Some even predict worse-case scenarios with trucks queueing for long hours in the English Channel.
Brexit and Suppliers
Suppliers in the UK are increasingly stockpiling on medications and other emergency items. Diabetes UK is a point in question, as 3 insulin suppliers already assured the charity that they will be holding insulin on stock to ensure continuous supply of at least 4 months.
This is hardly a possibility for businesses in other sectors, especially those operating in the field of fast-moving consumer goods. Such goods are, for example, toiletries, candies, packaged and household items, and vegetables and fruits that have a relatively short shelf life. Suppliers of fast-moving consumer goods need reliable, timely, and continuous supply. This is not only because of short shelf life but also because of the lack of warehousing facilities to keep considerable quantities.
More storage facilities are required to keep goods as to ensure continuous supply in case of supply chain disruptions. According to experts, however, Britain is slightly over 60 percent self-sufficient.
For logistics services providers, shipping huge quantities of goods over a short period of time means that they have to push their supply chains to the limit. This is also a risky move in light of the fact that Brexit is still not a fact, and the agreements between the EU and UK have not been concluded.
One solution for logistics companies is to implement innovative technologies and processes to prevent supply chain disruptions and improve efficiency. Flexibility is certainly the key to improved efficiency, and IFA members are well aware of this. Experts also suggest that logistics companies look at how companies outside the EU operate to ensure continuous supply. In addition, innovative technologies should be implemented, for example, cloud-based electronic data interchange to benefit from regular updates on customs paperwork, routes, and other details.


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Wegmans Food Markets has recalled its house brand of flour because it may contain small, blue polyurethane balls.
Taylor Farms Retail Inc. is voluntarily recalling spinach sold under five brand names.
Giant Food Stores and Martin Food Markets have voluntarily recalled Gold Coast Fresh Crab Spread due to possible contamination by listeria.
Toyota added the 2010 Lexus RX to a recall list that was well over two years old. Now it is paying a fine.
Toyota is conducting a recall over concerns about steering and water pump flaws.
Perdue Foods is recalling approximately 1,440 pounds of chicken breast nugget products because of misbranding and an allergen, milk, not declared on the label.
Wegmans is recalling a batch of pumpkin rolls because the baked goods may contain pieces of clear plastic from the packaging.
Kellogg’s has issued a voluntary recall of some of its products due to metal fragments.
Wegmans Food Markets Inc. says it’s recalling a brownie mix after reports from two consumers about allergic reactions to undeclared milk in the product.
A Boulder, Colo.-based manufacturer of organic nut butter products has issued a recall of some of its products due to a possible salmonella contamination.
A recall of peanut butter and other nut products has some of the country’s largest grocery stores pulling store-brand products off their shelves.
The nationwide recall of peanut butter has vastly expanded to include dozens of peanut butter, tahini and other nut butter products.


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The pop-up: Why some Internet-born businesses are setting up corner shops
So what is it about this seemingly contradictory retail strategy that is drawing in digital brands that previously existed solely online?
This is just a test
The pop-up store trend started in 2003 when early iterations, such as the eBay Showhouse and Target's floating store on the Hudson River, began appearing around the U.S. and abroad. Since then, there has been an undeniable attraction to these retail oddities among consumers, and that customer infatuation has made the strategy intriguing for retailers. A number of online retailers have borrowed from the innovative spirit of the pop-up, tested some unique, outside-the-box retail ideas, and applied the learnings to permanent stores.
"Pop-ups can be a great way to test the waters and get a sense of demand and deepen engagement," says Jonah Berger, a marketing professor for The Wharton School and bestselling author of Contagious: Why Things Catch On. The Internet-launched clothing brand Bonobos put this theory to practice when it began testing a limited engagement pop-up at its New York City headquarters in 2011. What Bonobos learned from that early iteration paved the way for a permanent location that opened in 2012. Known as the Bonobos Guideshop, it's an e-commerce store that seeks to improve upon the traditional retail experience by providing highly personal customer service and complimentary appointments with Bonobos Guides, who, according to the company, serve both as fit experts and style advisers.


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Car Free Day NYC Logo Design Competition 2017
Check out an exciting opportunity for this year's Car Free Day! They are holding an open competition for the art that will accompany Car Free Day and that will be used to promote the initiative leading up to the 22nd. They will be accepting submissions of designs for the official 2017 Car Free Day Flier and artwork until Thursday, March 9th!The following elements must be incorporated into the design: going car-free and opening the streets to pedestrians, encouraging residents to take advantage of their neighborhood services, increase the usage of public transportation, and promoting sustainability throughout travel to combat climate change.Last year's design, by New School Student Vanya Mittal, was widely publicized. It was featured on a billboard in Times Square and on posters throughout the MTA subway system. We're hoping to have similar or wider circulation with this year's winning design, to be voted on in early March.Here is last year's winning design used for fliers, posters, the CFD commercial, and news articles:Rules/Notes:- All designs must be original- Designs must be readable and understandable- Designs must be able to be manipulated in multiple sizes. It will be used for fliers, media, and outreach- This is for the sole use of Car Free Day and is not to be shared or sold to other parties- This is to be submitted with the understanding that this is a voluntary submission with no monetary compensationSubmit your design in .jpeg and .pdf format, at high resolution (not to exceed 10MB) to Russell Murphy at firstname.lastname@example.org by Thursday, March 9th, 2017 at 5:00PM. After receiving all design submissions, CFD Partners will vote for their favorite design, encapsulating the goals of Car Free Day.


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the trio went after that concern, to some extent moved by Uber’s immediate invest function this launched
The entire world shows up to transfer a lot quicker all yet, anything feels slow-moving in contrast to performance by which money collect distributed season. In the us, feature executed an innovative new week after creating a invest time period wants fourteen days simply to proce, through a examine or deposit definitely immediate another two weeks after. For all the countless of workers which eventually living paycheck-to-paycheck, that multi-week hold is most likely the difference of earning a rent check — or perhaps perhaps not.
A lot of different startups have hit this dilemma with various options, and one of these new and several choices which are engaging Clair.
Having its individual first step toward revenue, nyc City-based Clair supplies rapid — and a lot of extra important — cost- free of cost accumulated profit developments to team by starting into effective time technological innovation software. It truly does work with fulltime workforce plus gig employees, and it in addition supplies a bundle of on the web smartphone applications for team producing sensation of their own financing and inquire on an wage move forward that’s obtained.
Give improve or had income improvements discover a difference that’s slight been recently the Silicon area euphemism for payday loan, a market that has been altered with hype of tricks, deception and rapacious greed and that has bilked personnel regarding their unique hard earned money through usurious interest levels.
Just what set Clair apart is the providing is free of charge to staff. Given that it connects straight into time systems, the business assumes on significantly le monetary prospect than common payday financial institutions, only just who don’t have actually acce on your payroll data that Clair can examine.
For Simko, one of his targets is obviously to visit the removing of the industry which is standard. We have an instant payday loan service merely right in front of my own personal condominium in Brooklyn because there are further assortment throughout the 25th almost every calendar month, and I am not going to give up until that selection vanishes, these people stated. Succe for all of us is actually becoming the champ in accumulated salary acce.
These include Argentine-Swi, and alarmed the enduring claims to go to Harvard, just where they pleased Nubaumer. These people ended up focusing on J.P. Morgan centered on the payments marketplace. They stayed connected with Kostecki, their loved ones include great buddies, and the trio drove so next problem, mostly motivated by Uber’s immediate spend function so it launched in 2016 and which demonstrated excessively succeful.
Instead to making revenue on rates of interest, expenses or tips, Clair instead wants to function as the financial organization
and assistance this is certainly economic preferred by for staff members. When I observed a few days ago about Pinwheel, an API platform for payroll, having the drive deposit relationship having an employee almost assurances they will likely carry out their personal economic operations throughout that certain bank-account.
Clair offers free spend that will be immediate staying an entranceway on their check this link right here now various other merchandise, combined with shelling out and preservation records, a debit cards, an online in-app debit credit and monetary developing methods. Simko explained, our very own busine model could be to consider created cover acce cost-free for users then indicate these people right-up instantaneously about electronic lender, after that us become profitable exactly the same way Chime renders money, that’s interchange price.
In reality, the man and the corporation believe in that goods many, it is going to truly pay resources that is human being solutions like employees procedures and payroll accessories to add with Clair being an inducement. It includes a recurring revenue costs stream for time means according to the number of persons which signup Clair, regardle of just how much those professionals use the plan. We have been truly decreasing the thesis of embedded fintech, Simko talked about. Staff start purchase his/her Clair credit, and after this you spread that returning to all our [HR tech] lovers.
Clair signs up for range various other applications inside this room, which can be growing being increasingly heated up whilst the thought of chance in economic options continues to huge among dealers. This past year, payroll course Gusto disclosed it dubs Cashout that would build from simply payroll to an economic wellne system, that is definitely in part considering their instantaneous acquired income advances or exactly what. We’ve covered also, which might be one of the many s found in this area creating a important union with Walmart, using neobank Dave, to provide spend improve specifications insurance firms a revenue version that will be showing. Dave only established a $4 billion treasured SPAC with VPC affect acquire Holdings III.


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Congratulations to Adam Duke for winning this years KMBC and Southern River Bike Force bike raffle. Adam was stoked to pick up his brand new Norco Sight from Southern River Bike Force this week. Unbelievably Adam only bought one ticket!!!!
Huge shout out to Dale Cridge who supplied the Norco Sight, because of Dale and his business we raised over $19,000 for OUR trail network to be spent on the continuous maintenance that is required to keep up with the damage of over 70,000 riders a year does.
Please support this great man and his family and shop at his store.


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The Huawei Nova 8 is expected to be available in Pakistan at a price tag of Rs. 79,999. This phone is going to be the Base variant of the Nova 8 series.
As far as the specifications are concerned, this phone will be powered by the Dimensity 800 chipset. It runs Android 10 OS and it will be available in various colours. The Nova 8 has 2.58 Ghz Octa Core CPU.
On the back, the phone sports a quad-camera setup of 64 megapixel primary lens camera, an 8-megapixel secondary lens and another 2 cameras of 8 megapixel and 2 megapixel. While on the front, the phone has 32 megapixel selfie shooter. Camera features include Geo-tagging, touch focus, face detection, HDR, panorama and Video.
Huawei Nova 8 has 4,000 mAh of battery and it will also support fast charging. As per reports, all the phones of Nova 8 series will have a 66W fast charging support.


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This is the first fiscal quarter that includes the recently acquired Tiffany & Co.
The National Retail Federation is optimistic about the year ahead, so long as the vaccine rollout goes according to plan.
Latest in Financials
Gold has had its share of ups and downs over the last 5 decades. Here’s why the metal is having another big comeback.
Learn how to increase customer loyalty and revenue by making JM™ Care Plan a cornerstone of your business plan.
The Danish jewelry company is approaching 2021 with caution as COVID-19 restrictions linger.


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This press release was provided by World Gym International.The Club Industry editorial staff was not involved in the creation of this content.
World Gym International, the iconic brand for bodybuilding and seriously fun fitness, has partnered with Pinpoint Marketing Group to launch an online retail store. Pinpoint Marketing Group will manage the full-service online retail program for World Gym International.
“We are thrilled to partner with World Gym and make it even easier for their fans to connect with their favorite brand,” said Scott Graham, Chief Operating Officer of Pinpoint Marketing Group. “Our mission is to provide an easy-to-use, one-stop online shop for World Gym fans to get their hands on the highest quality branded merchandise and apparel.”
“World Gym enthusiasts from around the world have been asking for an online store option for a very long time,” said Guy Cammilleri, Managing Director of World Gym International. “We are pleased that we can now offer them a solution through our partnership with Pinpoint Marketing Group. Starting today, site visitors will have immediate access to a great selection of apparel and merchandise. New designs will be added on an ongoing basis so there will always be a reason to return and see the latest branded products.
The World Gym e-commerce store can be found at www.ShopWorldGym.com and is available to consumers worldwide.
About World Gym International
The iconic World Gym International brand was founded in 1976 by Joe Gold during the glory days of “Muscle Beach” in Santa Monica, CA when serious fitness collided with the world of Hollywood celebrities. Since then, World Gym has evolved into an internationally recognized brand that has captured the imagination of fitness lovers around the globe. Focused on the mantra “Seriously Fun Fitness”, World Gym is dedicated to creating ultimate workout destinations across the globe. With its headquarters located in sunny southern California, World Gym International currently has over 180 locations across the United States, Canada, Central & South America, Africa, the Middle East, Russia, Asia, and Australia. To learn more about the brand’s storied history and opportunities to open your own World Gym, please visit worldgym.com.
About Pinpoint Marketing Group
Pinpoint Marketing Group is a family owned and operated company specializing in logoed merchandise, custom apparel, and online company stores. Founded in 1994 and headquartered in Dallas, Texas, Pinpoint Marketing Group is a leader in licensed merchandising.


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Honda Activa becomes the best selling two wheeler in India for the third time this July in the past 11 months. Keeping the upcoming festive season in mind, Honda is looking to cash in on this situation.
For the third time in 11 months, the Honda Activa has outsold the Splendor, made by Hero MotoCorp. In July this year, the Activa sold 1,91,883 units while the Splendor sold 1,65,779 units.
In the past, Activa had outsold the Splendor in September 2013, selling 1,41,996 units against 1,24,217 units of Splendor and in March this year when the Activa sold 1,77,928 units while 1,63,778 units of Hero MotoCorp's Splendor was sold.
Yadvinder S Guleria, Vice President, Sales & Marketing for HMSI said that since its launch 14 years ago in 2001, there still is a waiting period for the Activa. This only shows that customers still have a strong preference for the scooter.
He says that Honda has increased the production capacity of the Activa in their third plant near Bangalore to almost 2 lakh vehicles per month to keep up and meet the demands of customers for the upcoming festive season.
The Vice President also said that the sales has gone up by 33 per cent during the April to July period and their production has increased by 15-20 percent. He says that Honda wants everyone to celebrate this festive season with a Honda motorcycle or a scooter.
DON'T MISS: VIDEO OF THE DAY


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Mijas - 70% OF THE HOTELS IN MIJAS WILL REMAIN OPEN
It’s been a few weeks since summer ended but most of the hotels in Mijas are still open. The councillor for Tourism in the Mijas Town Hall, José Carlos Martín (C’s), held a meeting last Tuesday with the directors of the hotels in the municipality to draw up joint lines of work for the winter season and thus try to boost the sector in Mijas. “70% of the hotels in Mijas are still open and it represents a strong commitment from our businesses”, assured Martín, who stated that “the Local Council wants to be their ally in the effort to overcome the situation left by the pandemic. “Thus, “the hotels in the municipality are launching packages and special offers that are attractive to the public as well as cultural and leisure events”, explained the director of the Mijas Pueblo Tourism Office, Juan Carlos Acevedo. In this way, these businesses in Mijas want to make a difference with other colleagues on the Costa del Sol who are closing their accommodation, by trying to boost hotel accommodation in the municipality. “The offer of beds in Mijas is varied, as is the municipality itself. We can find large establishments with golf courses, others on the beach, others smaller, others in the surroundings of the typical Andalusian village and the mountains, in short, a wide range of possibilities”, added Martín. The meeting, held at the TRH Mijas Hotel, was attended by the director of this establishment, Félix Reyes, and the directors of the Vik Gran Hotel Costa del Sol and La Cala Resort, Francisco Díaz and Sean Corte-Real, respectively. The three highlighted the outstanding offer of accommodation in Mijas, “varied”, they pointed out, as is the municipality, where the sector has created cohesion to reactivate the local economy. The ‘Puente del Pilar’ (Pilar holiday weekend), they highlighted from the sector, has provided them with an important boost, with a level of hotel occupancy, in some cases, of 75%. From the sector, they encourage everyone to stay in Mijas, where, this fall, they assure us, we will find irresistible offers.
Initiatives to boost the sector
The Mijas Tourism Council, as highlighted by the government team, is making a “strong commitment” to support and relaunch the sector. Recently, the department has reissued the municipal tourist guide, which includes the new segments included within the Mijas Strategic Tourism Plan and which make the offer even more diverse.
“We have included all the information regarding the four new pillars that our tourist roadmap indicates, such as gastronomy, crafts, nature, and sport, which join the already traditional sun and beach, golf and typical Andalusian village”, said Martín, who stated that ”the guide is also available in digital format and is accessible on the internet so that potential tourists can assess everything they can find in the municipality, before they decide to visit us”. The new guide is divided into 14 full-colour pages where tourist texts in four languages (Spanish, English, French and German) are mixed with illustrative photos. “We adapt to new ways of travelling after the pandemic, as we are fortunate to have such a varied offer that responds to all kinds of tastes”, added the councillor. In this regard, it should be noted that among the outdoor activities that, ‘a priori’, are the most demanded by visitors during the pandemic, we can enjoy the Coastal Path, the sun and the beach, a walk through the village, the golf courses, the various routes of trails immersed in nature and, especially, the Sierra de Mijas, among others. “In addition to all these opportunities that allow us to enjoy outdoor activities, we cannot forget that events and interior spaces undergo exhaustive security controls, meaning that they are another alternative”, added Martín. Finally, the councillor for Tourism in Mijas has wanted to send a message of encouragement to local hotel businesses and, in turn, invited anyone who has still not had the opportunity to get to know Mijas, to come and enjoy one of the “most complete municipalities on the Costa del Sol as regards the offer for tourism, and enjoy its exquisite gastronomy and also take home a handmade souvenir by one of our local craftspersons”. “Together we will manage to overcome the situation. We are not going to leave any ‘mijeños’ behind along the way”, concluded the councillor for the department for Tourism.
Source: Mijas Semanal


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The European Green Deal will not be sustainable if it is not fair
(Brussels, 12 December 2019) The Fair Trade movement welcomes the European Green Deal unveiled yesterday by the European Commission President – but calls for small farmers and workers in the Global South to be included as equal partners in a “just and inclusive” transition to more sustainable consumption and production.
“The drivers of inequality and climate change are intrinsically linked, as are the solutions,” said Sergi Corbalán, Executive Director of the Fair Trade Advocacy Office. “As the Fair Trade movement has warned during the current UN talks in Madrid, climate change exacerbates the poverty and vulnerability of small scale farmers and workers. Fairer value chains, on the other hand, can help to achieve social, ecological and financial sustainability.”
Corbalán welcomed the Green Deal’s focus on textiles and electronics in future EU efforts to promote a circular economy, but said that it must take account of the impact of supply chains not only on the planet but also on people, as recommended in a study published two days ago by the European Centre for Development Policy Management.
“We also applaud the “Farm to Fork” strategy to improve the position of farmers in the value chains”, he said. “But it is regrettable that the Commission only acknowledges that ‘European farmers and fishermen are key to managing the transition’ – ignoring the important role of non-EU farmers who grow and supply food consumed in Europe. Paying fair prices to producers, wherever they are based, is a prerequisite for a sustainable and fair food supply.”
The Fair Trade movement sees in the proposal for the EU “Neighbourhood, Development and International Cooperation Instrument” to support private investment in the Global South an opportunity for prioritizing business models designed to achieve social and environmental objectives, such as Fair Trade enterprises and cooperatives, rather than businesses that value profit maximisation at the expense of people and planet.
Among other measures announced in the European Green Deal, the Fair Trade movement welcomes the commitment to promote, via regulatory and non-regulatory measures, imported products and value chains that do not involve deforestation and forest degradation, while urging the Commission to include fair prices and living incomes for farmers as key elements of these measures.
“Finally, we call upon the Commission to implement a coordinated strategy across EU policy areas to promote not only green, but sustainable public procurement – as laid down in the UN Sustainable Development Goals,” Corbalán added.
The Fair Trade Advocacy Office (FTAO) speaks out for Fair Trade and Trade Justice with the aim to improve the livelihoods of marginalised producers and workers in the South. The FTAO is a joint initiative of Fairtrade International, the World Fair Trade Organization-Global and the World Fair Trade Organization-Europe.
Sergi Corbalán | firstname.lastname@example.org | Tel: +32 2 54 31 92 3
Fair Trade Advocacy Office
Village Partenaire – bureau 1 | 15 rue Fernand Bernierstraat | 1060 Brussels – Belgium


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BAKU, Azerbaijan, March 23. Iran exported 68.8 million tons of non-oil products worth $27.9 billion to neighboring countries, during the first 11 months of the current Iranian year (March 21, 2022 through February 19, 2023), a member of the international and foreign trade committee of the House of Industry, Mine and Trade of Iran Rouhollah Latifi said on social media, Trend reports.
According to Latifi, Iran's non-oil exports to neighboring countries for the reporting period increased by 20 percent in value compared to the same period last Iranian year.
"Iran exported non-oil products worth $9.38 billion to Iraq, worth $6.9 billion to Türkiye, worth $5.26 billion to the UAE, worth $1.48 billion to Afghanistan, and worth $1.31 billion to Pakistan as well as worth $995 million to Oman and worth $673 million to Russia in 11 months," Latifi said.
The official also pointed out that in total, Iran's trade turnover with neighboring countries for 11 months amounted to 88.1 million tons worth about $53.4 billion.
"The trade turnover between the two countries increased by 16 percent in value compared to the same period last Iranian year," he noted.
Overall, Iran exported over 111 million tons of non-oil products worth $48.8 billion within the first 11 months of the current Iranian year (March 21, 2022, through February 19, 2023).
This is an increase of 12.2 percent in value, while a decrease of 1 percent in volume compared to the same period last Iranian year.
Follow the author on Twitter:@BaghishovElnur


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On the back of the most eventful WWDC keynote in recent memory, and Eddy Cue claiming that Apple has its most exciting product pipeline in 25 years, there have been few better times to invest in AAPL shares. With that in mind, Apple has just given an overhaul to its Investor Relations minisite, giving it a long overdue spit shine.
The website features sections advising on Apple stock prices, financial information, SEC filings, and leadership and governance, alongside relevant press releases and financial news related. Notably the website’s graphical overhaul brings its into line with Apple’s current design preferences, with an abundance of thin fonts and white space.
It also includes a stunning image of the company’s first Apple Store in Istanbul, Turkey, which was opened earlier this year by Tim Cook, alongside Turkish president Abdullah Gül. Its presence on the Apple investors page emphasizes the company’s increasing focus on growing Apple business in new international territories.
A text-free version of the image is below:
Source: Apple Investor Relations


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ANN ARBOR, Mich., March 6, 2018 /PRNewswire/ — The economic growth needed to offset last year's GOP tax bill could be out of reach as customer satisfaction stalled toward the end of 2017. The American Customer Satisfaction Index (ACSI®) finds that aggregate customer satisfaction stood still at 76.7 (on a 0-100 scale) for the third quarter in a row. While that score is just 0.4 percent below the all-time high in Q1 2017, it's not a good omen for the Trump Administration's goal of 3 percent annual growth in gross domestic product (GDP).
The national American Customer Satisfaction Index score from 1994 through 2017.
Improving customer satisfaction creates additional consumer demand, which in turn results in above-average consumer spending. Right now, we're just not seeing that, and it raises questions about the health of the economy.
After rising quickly each quarter in 2016, the national ACSI score hit its all-time peak in Q1 2017 before dropping in Q2 and holding steady ever since.
That poses problems for the goal of 3 percent annual GDP growth, which has only happened seven times in the past 25 years, and was accompanied by consumer spending growth at an average rate of 4.2 percent.
The new Federal Reserve Chairman, Jerome Powell, painted an optimistic picture of the economy over the next two years in his first public appearance, but without a rise in customer satisfaction to fuel demand and spending, 3 percent annual growth could be hard to reach.
The national ACSI score is a reflection of the average American consumer's satisfaction across all sectors and industries over a 12-month period.
No advertising or other promotional use can be made of the data and information in this release without the express prior written consent of ACSI LLC.
The American Customer Satisfaction Index (ACSI®) has been a national economic indicator for almost 25 years. It measures and analyzes customer satisfaction with more than 300 companies in 44 industries and 10 economic sectors, including various services of federal and local government agencies. Reported on a scale of 0 to 100, ACSI scores are based on data from interviews with roughly 180,000 customers annually. For more information, visit www.theacsi.org.
ACSI and its logo are Registered Marks of the University of Michigan, licensed worldwide exclusively to American Customer Satisfaction Index LLC with the right to sublicense.
Denise DiMeglio, 610-228-2102
View original content with multimedia:http://www.prnewswire.com/news-releases/flat-us-customer-satisfaction-raises-questions-about-the-health-of-the-economy-acsi-data-show-300608266.html
SOURCE American Customer Satisfaction Index


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Sprint is extending its rolling data feature to prepaid customers as well, giving them the ability to carry their unused data to the next month.
Sprint will now give prepaid users the ability to rollover their unused data each month, keeping a reserve of up to 30GB. With this, not only can customers bank their unused data, but the data doesn't have an expiration date like it does with other carriers. These new plans are available exclusively from Best Buy.
Unlike the competition, Sprint Prepaid rolling data doesn't expire and customers can store up to 30GB of data; Also available, after nine on-time payments customers can turn in their phone and upgrade to a new smartphone lease, only at Best Buy.
Pricing for these new plans starts at $35 a month, which gets you unlimited talk and text, along with 1GB of rolling data. For $45 users will get 3GB of rolling data per month, and $55 will bump it up to 6GB of rolling data. If you are looking for a new plan to cut some costs, head into your local Best Buy to get started.


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Travaasa Hāna Starts $12 Million Room Restoration Project
By Maui Now Staff
Hotel executives announced the start of an extensive $12 million guest room restoration project at the Travaasa Hāna resort in East Maui. Upon completion of the project at the end of 2015, all 70 bungalows and suites at the resort will offer new and returning guests an enhanced vacation experience, according to a resort announcement.
“It’s an honor to lead this storied resort into a new chapter,” said David Macllwraith, general manager of Travaasa Hāna, Maui in a press release. “As part of the Hāna experience, preserving the property’s authentic sense of place is – and will always be – our focus,” he said.
The resort’s Ocean Bungalows (formerly known as Sea Ranch Cottages) will receive new décor reflecting a sophisticated tropical palette, according to the announcement. Updates will include: restored lānai with new chaise lounges; panoramic sliding glass doors to maximize Hāna’s cooling trade winds; custom-made furnishings indoors crafted with sustainable materials and kapa (Hawaiian bark cloth); bungalow artwork and photography capturing ocean activities and natural beauty of Hāna; and a clean redesign and eco-friendly bath accessories.
The resort’s peaceful Ocean Bungalows are set on an expansive, grassy lawn overlooking the Hana coastline, with each structure featuring high wood-beamed ceilings, interior ceiling fans and a private lānai. The structures were originally designed to reflect plantation bungalows once common in Hāna, and throughout the Hawaiian Islands, in the early part of the past century.
Resort executives say the project’s refresh of the resort’s low-rise Garden Jr. Suites will follow the same design interpretation as the Ocean Bungalows.
Leading the redesign of the guest rooms is Hunton Conrad, a Maui-based interior designer known for landscape artistry and sense of place. “Having worked with Travaasa in the past, Conrad is well acquainted with the resort’s original intentions,” resort representatives announced.
“From the moment Hotel Hāna-Maui transformed to Travaasa Hāna in 2011, Travaasa Experiential Resorts has been dedicated to preserving the authenticity and charm of historic Hāna,” said Adam Hawthorne, president of Travaasa Experiential Resorts in today’s announcement. “This restoration project reinforces that commitment. We look forward to bringing guests an even better resort experience,” he said.
The resort will be open throughout the restoration project and all facilities — including the Ocean Bungalows’ infinity pool and hot tub, The Spa at Travaasa Hāna, resort programming, the resort restaurant and in-room dining — will remain operational.
Following the restoration, all guest rooms will continue to remain free of radios, clocks and televisions.
Travaasa Hāna is considered a “boutique retreat,” and is set on 70 oceanfront acres featuring: a wellness spa, locally-sourced dining and extensive programming highlighting Hāna’s cultural traditions. Resort executives say the original property opened in 1946 and, “became a favorite escape for generations of travelers seeking barefoot elegance, unspoiled natural beauty and a Hawaiian sense of place.”


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Walmart will stop selling e-cigarettes at its U.S. locations amid growing “regulatory complexity” and “uncertainty” regarding the products that have recently come under scrutiny, according to a company memo.
Apple’s new iPhone 11 officially went on sale Friday, prompting customers to line up outside of major stores around the world in a time-honored tradition ahead of iPhone launches.
Novartis, a Swiss pharmaceutical company, halted worldwide distribution of its generic version of the popular heartburn medication Zantac after the U.S. Food and Drug Administration found traces of a possible carcinogen in it.
General Mills has issued a nationwide recall on five-pound bags of its Gold Medal Unbleached All Purpose Flour due to the risk of a potentially deadly form of E. coli, the company and U.S. Food and Drug Administration announced.
The UAW announced Sunday morning that it would strike "effective at midnight tonight" after contract negotiations fell through.
While the Popeyes chicken sandwiches remain on people’s minds, the fried chicken chain offered a solution for those who couldn’t get their hands on the item – bring your own buns.
Robocallers are alive and kicking as they constantly change tactics, a new report says.
Layoffs at Comcast call centers in Minnesota could impact up to 235 employees, according to the Minnesota Department of Employment and Economic Development.
Target is launching a new loyalty program called 'Target Circle' that will give 1% back on purchases, early access to sales and loads of other perks starting in October.
Apple unveiled new iPhones that are largely unchanged from previous models and accompanied by an unexpected price cut for the cheapest model, underscoring the company's efforts to counteract a sales slump of its flagship product.
Fiat Chrysler is adding more than 875,000 Ram pickup trucks worldwide to a series of recalls to fix tailgates that can open while the trucks are being driven.
Target plans to hire 130,000 temporary workers for the upcoming holiday season, up from the 120,000 workers the company hired last year.
Minneapolis' North Loop neighborhood has a new addition: a food hall called Graze Provisions + Libations.
White Claw has become so wildly popular that the company reportedly can’t keep it stocked on store shelves.
According to TechCrunch, the recruitment site Monster did not disclose to its customers that a third-party server containing possibly thousands of resumes and CVs for job applicants with private information attached was exposed online.
Walgreens is asking customers to no longer openly carry firearms into their stores, the company said in an announcement on Thursday.
California on Wednesday became the first state to ban commercial fur trapping, ending the practice nearly 200 years after animals like beavers and otters introduced the American West to international trade.
After hundreds of thousands of dollars and millions of miles traveled, one man is more than halfway to his goal.
The Honeycrisp apple is the most widely known Minnesota variety, but it's not quite ready for picking yet.
The Minnesota State Fair might be over, but that doesn’t mean the food news will stop. Ahead of their season opener on Sunday against the Atlanta Falcons, the Minnesota Vikings announced Heggie’s Pizza will be the pizza provider for U.S. Bank Stadium for the 2019 season.


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Jesse Taylor eats bacon every day -- sometimes twice a day.
"It's a great anytime kind of meat. It improves the flavor of anything you add it to," said Taylor, 35, a bike mechanic who is studying to be a nurse.
He says he's lost weight eating bacon as part of a low-carb diet this year, shedding about 30 pounds since January.
"I'm a big fan of bacon," said Taylor, who has taken top honors two years in a row at a bacon-themed food contest/party organized by a friend. This year's entry: red-hot pork loin (marinated pork loin wrapped in bacon).
National food critics say bacon jumped the shark several years ago, after the salty meat infused popular culture and cuisine to the point of absurdity.
"Bacon had a good run, but now it has gone flabby -- used too much and too often, it's lost its novelty and coated fine dining with a ubiquitous veneer of porky grease," Wall Street Journal reporter Kate McLaughlin wrote in an October article under the headline "Bacon Backlash." Regardless of what the paid foodies think, bacon lovers are flocking to festivals that celebrate their favorite meat, including Des Moines' Blue Ribbon Bacon Festival and Chicago's Bacon-Fest. The 1,500 tickets available for this year's Chicago event sold out within a minute.
Those who can't make the big parties are holding their own.
Boisean Susanna Smith, a photo technician at the Idaho Statesman, hosted her second BaconFest in early May. Invitees brought about 25 bacon dishes to her home and cast ballots for their favorites.
"It's just something fun to do to have friends over," said Smith, joking that she advised participants to "wear stretchy pants." The dishes this year included bacon pumpkin pie, bacon fudge, maple bacon cupcakes, barbecue bacon meat loaf, bacon peanut butter cookies, baconized crackers and bacon baklava.
So what is it about bacon that has inspired an almost cultlike following? "I think the forbidden thing is a big part of it. People like to be naughty a little bit," bacon aficionado and Phoenix resident Heather Lauer said of the fatty, salty meat that used to be primarily a breakfast treat. The Nampa, Idaho, native, wrote "Bacon: A Love Story: A Salty Survey of Everybody's Favorite Meat," which was published in 2009.
Lauer was sought out by a publisher who saw her "Bacon Unwrapped" blog, which she launched in 2005 just for fun. She was on the front end of the bacon craze. By 2008, bacon was in or on everything from cupcakes to neckties.
Bacon-flavored dental floss, anyone?
Even the major fast-food chains tried to cash in on the trend, from Wendy's "bacon-ator" to Taco Bell's bacon club chalupa.


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Centre for Energy Policy Electrification of Private Transport - Press Release 22 September 2020
Can the electrification of private transport lead to economic prosperity?
The Centre for Energy Policy at the University of Strathclyde is publishing its latest research, which looks at the macroeconomic impacts on the UK economy of electrifying private transport up to 2050.
This is seen as one of the leading options for reducing emissions from the transport sector, which will be an essential part of getting to net zero. The economic analysis undertaken considers the investment required to upgrade the electricity networks, along with the wider rollout and use of electric vehicles in the private transport sector.
Professor Karen Turner, Director of the Centre for Energy Policy, conducted the research. She said: “The UK has set binding targets to meet net zero emissions by 2050 and transport is one of the key sectors where emissions will have to significantly reduce.
“While a range of possibilities exists to decarbonise transport, electrification is currently seen as a leading option for cars and vans in particular. One clear policy challenge is presented by the target of ending sales of petrol and diesel cars and vans by 2035, which will present challenges in terms of the supply of and demand for EVs.
“However, one of the key questions that remains for regulators and policy makers is how and when the required infrastructure upgrades to the electricity networks will be invested and paid for, which will have important implications for how the rollout more generally impacts across the wider economy.
“Our economic analysis shows that the switch to electric vehicles through to 2050 could ultimately deliver sustained benefits across the wider economy, with net positive effects on GDP - up to an additional 0.16% GDP per annum - employment of up to 30,000 additional full-time equivalent jobs, average wages and labour productivity. In the UK context, this is largely a result of the associated shift in fuelling away from using import-intensive petrol and diesel towards the increased output of the electricity sector, which has relatively strong domestic supply chain content, along with increased consumer spending.
“Of course, our research recognised that attention must be given to how quickly smart, off-peak, charging is likely to be adopted, how this impacts investment and the need to recover investment costs through energy bills. The latter, in particular, may combine with demand pressures from EV uptake and rollout to affect electricity prices. Similarly, changing investment and consumer demands could introduce price pressures in multiple markets, which in turn could have implications for UK competitiveness and export demands in other parts of the economy.
“Our research findings show that, while these factors constrain the expansion and its distribution, the macroeconomic impacts we report can be expected to emerge and ultimately lead to a positive net impact on the wider UK economy.”