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Just a few days after rival Advanced Micro Devices announced its plans to grab a chunk of the Indian mindshare by helping India build a $3 billion chip plant, Intel Chairman Crag Barrett announced the company's first major India investment plan exceeding $1 billion over the next five years.
On the first day of a visit to India that started Monday Barrett said that the four focus areas -- which he called "four areas of advancement" -- of the Intel investment roadmap would be business expansion, venture-capital funding efforts, the company's research and development unit in Bangalore and its education initiatives in the country.
"The investment demonstrates the company's long term commitments and builds on the foundation we created during the last ten years," Barrett said.
The major part -- $800 million -- of this investment will go towards expanding its business operations, while with the balance Intel will set up a $250 million venture-capital fund. This, however, would not be Intel's first venture funding initiative in the country, because the company has already funded about 40 start-ups over past several years including successes like Indiainfoline, Futursoft, NIIT and Satyam Communications.
However, Barrett belied India's hopes of Intel building a chip fabrication plant here. "We are not talking wafer fabrication manufacturing unit in India but would like to focus on Israel for the time being because we feel that Israel offers distinct advantages to Intel compared to India," Barrett said.
For the past six months, ever since India's IT and Communication Minister Dayanidhi Maran visited Intel's California headquarters in mid-June, the country's industry was ripe with rumors that Intel was close to taking a decision for building a chip plant here. In fact, following the visit Maran even announced that he had managed to persuade Intel to invest $400 million in the country -- a claim that Intel denied later.
That speculation reached its crescendo in the past few days following AMD's announcement on Nov. 30 of the $3 billion semiconductor manufacturing facility in the country in collaboration with SEMINDIA, a consortium of U.S.-based non-resident Indians.
Ruling out the chip plant, Barrett said, "The Israeli government happens to be very aggressive in providing incentives for investments in Israel, and because we are in business we always look for what makes financial sense to us as well as being able to build of out installed base of employees and that matches very nicely for us."
He added that, "Intel has a strong infrastructure base in Israel already, which includes two manufacturing facilities and several thousands engineers."
But the chairman confirmed that Intel is "talking to the Indian government" about setting up a back-end manufacturing and chip-testing facility, "although no decision has been taken just yet." That investment, speculate industry sources, could entail an additional investment of $400 million.
This year's visit is Barrett's seventh visit to the country in the past 10 years and his first since he became the chairman of Intel. According to Barrett, the significance of this visit, besides the business expansion efforts, is the fact that developing start-ups in India has also emerged as an important issue.
"In the Indian start-ups we are looking for strategic capabilities and compatibility with Intel apart from sound financial investments," said Barrett, adding that Intel's "first and foremost motivation from these (VC) investments" is strategic alignment that the company derives from introducing the new technologies or capabilities in the market.
"Over the last several years we have made about a 1,000 investments globally," Barrett said. "If you look at the totality of our returns from all those investments we are positive to the extent of a couple of billion dollars. So it has been a good financial return for us, perhaps big enough to go for another big and expensive chip plant."
The other two components of Barrett's "four areas of advancements" are designing low-cost personal computers meant specifically for Indian conditions, "and work closely with the government, industry and educators to increase the impact of the country's information and communication technology."
According to Barrett, Intel's design center in Bangalore is currently working on the design of a low-cost PC meant for the platform that exists in rural marketplaces where machines need to tolerate rugged conditions like moisture, dust and inconsistent power supplies.
According to reports this computer would be developed with local PC maker Xenitis Infotech that focuses on low-cost computers. The PC is likely to be priced at around $250, which would be the cheapest machine with an Intel chip.
Barrett added that the design center in Bangalore that is developing a successor to the Centrino chip is an integral part of several of its products groups, "from enterprise microprocessors to next-generation micro processors" and would "continue to grow in terms of employee count" as well. The R&D center currently employees 2,800 professionals.
The education initiative plans to train an additional 500,000 teachers on new technologies "so that they can make classes more exciting for children." The initiative also conducts a program called "Intel Earth Program," which teaches young children in a community environment how to use technology to solve problems, work together and connect with other young children in the community, Barrett said.
Copyright 2005 by United Press International


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A 250-million-US-dollar tire manufacturing plant in Sri Lanka's western town of Horana is scheduled to open in January 2021, local media reported on Monday.
The factory built by the Rigid Tyre Corporation is expected to produce Passenger Car Radials for export and generate 3,000 direct and indirect jobs, state-owned Daily News reported, citing a statement by Rigid Tire Corporation, reports Xinhua.
"Investments such as these set a good precedent, cementing Sri Lanka's position as a haven for investors globally," Rigid Tyre Corporation Chairman Nandana Lokuwithana said.
"We intend to source all the necessary rubber locally which will empower the native rubber farmer, generate new job opportunities in the thousands and, more importantly, the country will benefit from exposure to European technology," Rigid Tire Corporation Executive Director Dhammika Lokuwithana said.
Minister of Industry Wimal Weerawansa inspected the factory on Friday and said that it would help boost the country's export earnings.
The first phase of the factory was completed with an investment of $100 million, while the second phase will be completed in March 2022.

domain: news


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Energy firms reclassified as either 'renewable' or 'non-renewable' as pressure increases on fossil fuel sector to decarbonise
The London Stock Exchange (LSE) has updated its classification of oil and gas companies as "non-renewable", in a move that highlights the growing investor pressure on fossil fuel firms to shift towards...
NLGPS joins Make My Money Matter pledge to align its £46bn investment portfolio with Paris Agreement's 1.5C goal
Our Global Investor Study 2020 reveals investor and consumer views on company responsibility for tackling climate change, writes Schroders' Vicki Owen
Beauty arm of US consumer goods giant estimates that new refillable product line will eliminate need for roughly 300 million virgin plastic shampoo bottles
VIDEO: In our final Glimpses report looking at potential net zero gamechangers, BusinessGreen looks at the potential for hydrogen use in energy, transport and home heating


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After struggling to pitch its alternative to Google’s Android to phone makers, Cyanogen is laying off a significant portion of its employee base. The staff cuts were first confirmed by Android Police, but a source at the company has confirmed this.
Cyanogen had raised a lot of money (over 80 million dollars) to fund this quest, but was unable to convince a meaningful demography of phone manufacturers to use its version of Google’s Android, rather than install the one that includes common Google services such as Gmail, Google Play Store and YouTube. The latest high-profile products running Cyanogen’s OS version include the original OnePlus One, and a phone from India’s Micromax.
After these developments, the company is now said to be crafting a new strategy. Cyanogen hired a new COO by the name Lior Tal, joining the company from Facebook. In recent weeks, several top executives have also left the firm.
Even with a lot of support (including from companies like Microsoft), Cyanogen has failed to create enough rival services to compel phone makers to ditch Google’s version of Android. It’ll be interesting to see what happens next in the startup.
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Jay-Z is growing his empire. The 50-year-old rapper and music mogul announced Friday that he is launching his first line of cannabis in a joint venture with Caliva, a California-based weed company. The rapper, whose real name is Shawn Carter, teamed up with Caliva last year when he became the brand's chief brand strategist. Since then, he's been working on developing his own line of marijuana, named Monogram.
The company debuted its website and an Instagram account Friday, providing fans with a first glimpse of the product. Accompanying the site was a playlist curated by Jay-Z on his streaming platform Tidal called "Monogram: Sounds from the grow room," featuring an array of artists such as Bob Marley and Amy Winehouse.
According to a press release, Monogram wants to "redefine what cannabis means to consumers today," with "careful strain selection, meticulous cultivation practices and uncompromising quality." The company's website said experts grow the Monogram flower so that each plant receives "personalized attention."
Monogram is the latest in Jay-Z's long list of business ventures, which, along with his music career, earned him a place in the elite club of entertainers who have hit . As well as feeding his entrepreneurial appetite, the star has also been busy as an outspoken advocate for reform, and as he moves into the legal cannabis marketplace, he plans to continue doing so. As part of his role with Caliva, Jay-Z plans to aid people who were incarcerated on marijuana-related charges.
"In this position, Mr. Carter will focus on and work to increase the economic participation of citizens returning from incarceration - many of whom are not seeing the monetary benefits of legalization - through advocacy, job training, and overall employee and workforce development," the company said at the time.


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Facilitating trade through BDNSW
IN SUPPORT of the national initiative to continuously improve public services and facilitate trade across borders that will benefit the private sector, including micro, small and medium enterprises (MSMEs), the Brunei Government through the Ministry of Finance has implemented the Brunei Darussalam National Single Window (BDNSW) System.
Brunei Darussalam's Margarine Plant Begins Operation
Brunei Darussalam's strategic location at the heart of Southeast Asia, good trade relations with its neighbours and peaceful environment, are some of the factors that attracted Marsa Yağ Sanayi Ve Ticaret Anonim Şirketi (Marsa), a Turkish-based company to make an investment decision to set up a base in Brunei, Western Foods and Packaging Sdn Bhd (WFP) to manufacture margarine, oil and fats products.
Saahtain Subsidiary in Brunei Produces Ready-to-eat Meals Destined for Export
The favourable investment incentives, political stability and peaceful environment were among factors that help to influence foreign investors’ decision to choose Brunei Darussalam as their investment destination. United Arab Emirates-based, Saahtain Group recently launched its Bruneian subsidiary, Saahtain Asia Sdn Bhd, at their newly opened facility at the Salambigar Industrial Park and bean manufacturing Halal ready-to-eat meals for export.


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Corporate Strategy: Corrugated Supplies starts converted 190,000 tons/yr Alsip recycled medium PM
OAKLAND, CA, Jan. 29, 2016 (PPI Pulp & Paper Week) -Corrugated Supplies (CSC) started up its converted 190,000 tons/yr Alsip, IL, recycled corrugating medium mill this week, the company told RISI. The first roll of paper will soon be run on a corrugator at the company's nearby sheet feeder plant and headquarters in Bedford Park.
"The conversion of the idle coated paper mill took less than nine months from the time the first orders were placed with suppliers in April," according to CSC CEO John Potocsnak.
He said the project turnaround time reflects the "Herculean effort put forth by Voith, Siemens, and, ...


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I recently read a piece from a brave soldier about Turo and other rental car providers. I salute Damon Crutcher and his ability to earn extra money while serving our country. But I need to set the record straight on a few things.
First, Enterprise founder Jack Taylor served our country, too. In fact, Jack was a pilot on two aircraft carriers during World War II, including the USS Enterprise. After coming home from the war, he launched his career and eventually created Enterprise, with a nod to his veteran roots.
Today, military veterans and members of the guard and reserves make up 10 percent of Enterprise’s total U.S. workforce. As a member of the Military Spouse Employment Partnership (MSEP), Enterprise employs more than 1,300 military spouses. And Enterprise, which employs more than 150 veterans in Arizona alone, has been repeatedly honored for its ongoing support of the nation’s military.
Every Enterprise employee is understandably proud of our military history and commitment. We’re also proud of how Enterprise learned to provide customer service excellence and vehicles for every occasion as it grew its car rental, vehicle leasing and travel businesses during the last 60 years. So, as the head of Enterprise Rent-A-Car Arizona operations, I can assure Turo that we not only continue to invest in the latest technology, but also wholeheartedly believe in competition and innovation.
We also believe that proper insurance, safety requirements and fair taxes should be a given when cars and trucks are rented to the public. That’s why, SB1305, sponsored by Sen. David Livingston, ensures an even playing field among companies like Enterprise and Turo. All for-profit companies have an obligation to their local communities to pay their fair share of taxes and fees – just like AirBnB and any other home-renting platforms.
And fairness is at the core of a broad coalition supporting SB1305. Our coalition includes American Car Rental Association members like Enterprise and Hertz, as well as cities, airports, the Arizona Lodging and Tourism Association, and the Cactus League.
Speaking of the Cactus League, Mr. Crutcher’s op-ed said it will receive the same amount of funding if a car is rented under Rep. Travis Grantham’s competing bill, HB2559. The truth is the funding shortfall would actually come from the state general fund, forcing residents from Kingman, Show Low and Sierra Vista to fund it and other projects in Maricopa County.
Further, it is flat-out false to claim there are special tax breaks for commercial rental car companies. As accountants know full well, taxes occur at the consumer level when retail transactions occur, just like when Mr. Crutcher bought his car for his own personal use.
Yet another financial myth: Turo “hosts” would earn less money or be on the hook for any other expenses if SB1305 passes. You see, the taxes and surcharges on rental car transactions contained in SB1305 are already law. SB1305 merely provides a streamlined and already tested platform for the remittance of these taxes – to be paid by the person who rents a car, and then collected and remitted by the platform facilitating the rental. Under SB1305, none of the paying, collecting or remitting falls to the car owner. That means no additional obligation falls to the owner whatsoever.
It doesn’t matter how long cars are rented – for an hour, a day, a week or longer – or whether reservations are made on the phone, on a website, on an app or even in person. And it doesn’t matter whether the provider has been family owned and operated for more than 60 years like Enterprise, or whether it’s a 10-year-old company like Turo run by hedge-fund owners in Silicon Valley. All for-profit companies should be held accountable, and they should collect and remit the proper taxes whenever and wherever vehicles are rented.
Kevin Bass is the director of Arizona operations for Enterprise Rent-A-CarNo tags for this post.


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Following the collapse of Silicon Valley Bank, Etsy is warning sellers that the company may take longer than usual to process some payments. “We wanted to let you know that there is a delay with your deposit which was scheduled for today,” Etsy told affected merchants on Friday in an email the company shared with . “Please know that our teams are working hard to resolve this issue and get your funds to you as soon as possible.”
An Etsy spokesperson attributed the delay to “the unexpected collapse of Silicon Valley Bank,” noting that the company used the bank to facilitate payments to some merchants. They added that Etsy was working with other payment partners to facilitate deposits. The company expects to pay the affected vendors “within the next few business days.” Over 7.5 million merchants use Etsy to sell their products online.
Federal regulators took control of SVB on Friday amid the biggest banking meltdown since the 2008 financial crisis. With its close ties to Silicon Valley, SVB’s failure has reverberated across the industry technological. On Friday, Roku said it could , or more than $487 million, due to the collapse. A day later, the value of USD Coin, a US dollar pegged stablecoin, after Circle, the company that handles the currency, revealed it had $3.3 billion locked in the bank. While the value of the USD Coin has largely recovered, the news nonetheless raised fears of possible financial contagion within the cryptocurrency industry.
More importantly, there are many people whose next paycheck will not arrive on time. Including and small business owners who depend on Etsy for their livelihood. A salesman, Owen McKinney, said BNC News the delay in filing could have a “catastrophic” effect on his business.
The rest is hard to say. On Sunday, US Treasury Secretary Janey Yellen said the federal government would not bail out SVB and instead focus on helping depositors. “Let me make it clear that during the financial crisis there were investors and owners of large systemic banks that were bailed out…and the reforms that have been put in place mean we’re not going to do it again” , Yellen said. “But we are concerned about depositors and are working to meet their needs.”


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HTC has confirmed that the “new HTC One” will arrive on March 1. The confirmation comes from HTC’s U.K. Twitter account, which sent out a tweet and photo that reads, “Let them stare. The new HTC One revealed 01.03.15.” The picture is a simple one, containing only purple flower petals. The tweet hints at a new design and the purple flower petals could point towards a new purple color option, though that may be reading into it too much.
After HTC announced that it would be holding an event on March 1, we immediately assumed that it would be the successor to last year’s One (M8). While we were pretty confident in that guess, it’s good to see HTC confirming the idea. The new HTC One is expected to bring improved specs such as a Snapdragon 810 processor and 20.7-megapixel rear camera.
Now we just need to know if it will be called the new HTC One, HTC One (M9), HTC Hima or HTC new-phone-for-2015.
Names are important.


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SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are likely to see active trading on Thursday are Adobe Systems, Goldman Sachs, J.M. Smucker, and Alaska Air Group.
J.M. Smucker Co.
Analysts forecast K.B. Home
After Wednesday's closing bell, Alaska Air Group
Women's clothing retailer Charming Shoppes Inc.
Computer Associates International Inc.
Biotechnology company Corixa Corp.
and GlaxoSmithKline Plc
Gymboree Corp. GYMB named Matt McCauley as president. McCauley had been senior vice president and general manager.
Direct sales and marketing company Imagistics International Inc.
Integrated Alarm Services Group Inc. IASGE reported a fourth-quarter loss of $8.1 million, or 33 cents a share, compared with a loss of $1.5 million, or 6 cents a share, last year. Revenue rose to $20.7 million from $12.6 million. The company also said it plans to file its first-quarter financial statement with the SEC by June 27.
Oil States International Inc.,
Oregon Steel Mills Inc. OS lowered its second-quarter earnings forecast because of a deferred delivery of about 30,000 tons of welded pipe products. The company forecast second-quarter profit of 75 cents to 85 cents a share, compared with its previous view of 85 cents to 95 cents a share. Oregon Steel said the shipment represents about $34 million in revenue, which it will recognize during the third quarter when the products are delivered. Analysts surveyed by Thomson First Call currently expect a profit of 96 cents a share on revenue of $355 million
Wellman Inc. (WLM) has settled certain claims with 33 purchasers of polyester staple fiber over allegations that it engaged in price fixing and customer allocation for sales of polyester staple fiber. The Shrewsbury , N.J.-based maker of polyester products will record a pretax charge of $24 million in the second quarter for the settlement, which also includes expected future costs to defend or settle future claims. The charge will be $15.6 million after tax. The company also said it did not engage in any illegal actions.
Windrose Medical Properties Trust WRS said Chief Financial Officer C. Douglas Hanson has resigned, effective June 30. The Indianapolis-based company said President and Chief Operating Officer Fred Farrar temporarily will manage accounting duties.
Zomax Inc. ZOMX said Chief Financial Officer Robert Rueckl will resign, effective Aug. 12, to pursue a new career opportunity. The company said it's searching for a new CFO and Rueckl plans to sign off on its second-quarter financial statement.


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Its year-to-date sales output may have dipped slightly. Yet Hyundai Asia Resources Inc., official Philippine distributor of Korean automaker Hyundai Motor Company, is still optimistic about its 2018 forecast. This comes about due to the strong showing of some of its key models in both the Passenger Car and Light Commercial Vehicle segments.
Sales figures for the first 8 months of the year were down by a slight 8.3 percent to 22,223 units from 2017’s 24,233 vehicles. Still, this did not dampen HARI’s spirits as the month of August 2018 was the third straight month that the brand has seen a sales growth with 2,987 units leaving showroom floors.
With most other brands seeing LCVs leading the way, HARI’s figures reflect the popularity of its Passenger Cars. A total of 13,935 units were sold during the first 8 months of the year. As with previous months, the Accent continues to be a crowd favorite among the vehicles in its PC stable. And thanks to the newly-released Hyundai Kona, the LCV sector grew by 10.4 percent to 8,288 units sold for 2018.
As 2018 draws to a close within four or so months, HARI is confident it can hold on to its current position and weather the challenges brought about by rising world oil prices and local inflation. It is hoping for yet another banner year.


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Out-Law News 1 min. read
28 Mar 2024, 2:42 pm
An Amsterdam court’s decision that Dutch airline KLM misled consumers with its “Fly Responsibly” advertising campaign is evidence of the developing legal framework regarding environmental claims, green claims and greenwashing, an expert has said.
Amsterdam’s District Court said the airline made “environmental claims that are based on vague and general statements about environmental benefits, thereby misleading consumers”. The Dutch court also found that the company painted “an overly rosy picture” about the sustainability of aviation fuels and by doing so gave “the wrong impression that flying with KLM is sustainable.”
Greenwashing describes when a company provides misinformation on products or services by branding them ‘greener’ or better environmentally responsible than they actually are to promote their public image.
Michelle Seel, technology law expert at Pinsent Masons, said the decision "aligns with the growing controls that are performed to combat greenwashing, such as upcoming regulation as part of the circular economy plan and enforcement by authorities” and that “companies are being closely watched by the European Commission, national consumer authorities and regulators when it comes to their green advertisements”.
There have been several legislative and regulatory developments over the past year at both EU and national level, intended to address these issues. For instance, the Green Claims Directive is currently being discussed, and in January MEPs adapted a new directive that seeks to protect consumers from misleading marketing practices. These new initiatives form part of the EU’s circular economy action plan.
In the Netherlands, the Code for Sustainable Advertising entered into force as part of the Dutch Advertising Code in 2023. This code aims to stimulate the responsible use of “sustainability” claims, whether ethical or environmental claims.
The claim, filed in August 2022 under the EU Unfair Commercial Practices Directive, focused heavily on the use of carbon off-setting schemes by airlines to reach carbon neutrality. Environmentalists argued that claiming to make flying more sustainable by using these schemes is misleading as they do not reduce the negative environmental impact of the aviation sector’s greenhouse gas emissions.
Despite the misleading nature of the advertisements, the court did not require KLM to rectify them, as the campaign is no longer running.
The decision follows other examples of greenwashing monitoring. The European Committee recently found retailer Zalando misled consumers with its sustainability claims. Away from the courts, national regulators have issued guidance to assist companies on the use and formulation of sustainability claims. For example, the Dutch regulator (Authority for Consumers and Markets) published guidelines last year (37 pages / 718 KB) that contain rules and practical examples to help companies phrase their sustainability claims.
29 Feb 2024
24 Jan 2024


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We all know, Mahindra was developing the New MPV model code named, U321. This model was spied lot of times while testing. Yesterday, Mahindra has officially christened their new MPV as the Marazzo in special event. And this model developed from the inpiration of Shark. And Mahindra also shared, Marazzo means “shark” in the Basque language. Mahindra already developed the XUV500 inspired by Cheetah and TUV300 inspired by Tank.
The Marazzo is based on an all-new platform. The Marazzo is the first car to be developed at Mahindra’s North American Technical Centre with some inputs from Pininfarina. And, this new MPV gets the new design language, new engine, new shark inspired grill and new shark inspired tail lamps. This model will available with seven and eight seat configuration. Mahindra not revealed about the mechanical details, but it will get the new engine. And when time of launch it will get only diesel engine.
This model will expect to positioned against the rivals like Toyota Innova Crysta and Tata Hexa. Mahindra not revealed the approximate price details also. We expect the Marazzo will hit the Indian roads around Diwali season.


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- May 31, 2013 / 3 min readPollo Tropical®, the US based, Caribbean-inspired fast-casual restaurant chain, has opened its 33rd internationally franchised location and its first restaurant in India. This marks the brand’s first opening outside the Western Hemisphere.
Pollo Tropical®, the US based, Caribbean-inspired fast-casual restaurant chain, has opened its 33rd internationally franchised location and its first restaurant in India. This marks the brand’s first opening outside the Western Hemisphere.
India’s first Pollo Tropical is located in Delhi at DLF Place shopping plaza, which is one of the most prestigious shopping and dining centres in the region. According to the agreement between Pollo Tropical and Delhi-based Paramount Cuisines Pvt. Ltd. Paramount Cuisines will open at least ten Pollo Tropical restaurants in the National Capital Region, Punjab, Chandigarh and Haryana by 2016.
“Bringing the flavor of Pollo Tropical to the people of India has been a dream come true for our whole team,” said Manjit Singh Saini, CEO, Paramount. “It is both a pleasure and a privilege for Paramount Cuisines to expand the customer base of Pollo Tropical to our country and provide Delhi this delicious taste of the tropics.”
The Pollo Tropical brand expansion to India is the result of the initiative that began with its participation in a US Department of Commerce-sponsored Franchise Trade Mission to India.
“The opening of the first Pollo Tropical in India is a true testament to the fact that this brand is not bordered by hemispheres, languages or culture,” said Marc Mushkin, Senior Vice President, International Development, Pollo Tropical. “The flavour resonates with freshness and uniqueness that we believe will create loyal fans among our guests in India.”
Mushkin added that in addition to its famous marinated, grilled chicken and other Caribbean-influenced menu favorites, Pollo Tropical has created a set of unique vegetarian options featuring paneer cheese. The paneer is marinated in the same Caribbean spices and tropical fruit juices used to marinate Pollo’s signature open flame grilled chicken.Trending ArticleDaily UpdatesWhich is the highest format preference of Fun-Seeker?
Search for top Restaurant Suppliers in your city


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High Fuel Prices Aren’t the Only Thing Airlines Are Worried About
It’s no question that airfare will increase with rising fuel costs. However, high fuel prices aren’t the only thing airlines are worried about. Demand for air travel is growing quicker than infrastructure could handle, and that is threatening the growth of the industry.
There are not enough pilots
Between carriers adding new routes and thousands of pilots anticipated to retire in coming years, there’s currently an all-time high demand for commercial airline pilots. Higher salaries and a global push from unions for more benefits are not helping reduce employee costs. Air France-KLM’s most recent employee strike cost the airline at least 300 million euro (roughly $353 million at time of publication) in lost revenue, and we reported earlier this year that Emirates is parking an airplane a day because it doesn’t have enough pilots, though the airline’s president, Tim Clark, denies the claim. The International Air Transport Association (IATA) cited rising labor costs when it slashed this year’s global airline profit outlook on Monday.
Runways are operating at full capacity
With some runways, like one at Mumbai’s Chhatrapati Shivaji International Airport (BOM), leaving a gap as short as 65 seconds between two aircraft, it’s clear that airports need to build more of them to keep up with global demand. Just Tuesday, the UK government approved a highly controversial proposal for a third runway at London Heathrow Airport (LHR). US airports working on building additional runways include Chicago O’Hare International Airport (ORD) and Atlanta Hartsfield-Jackson Airport (ATL), but the pressure for expansion remains at other major hubs.
There are not enough parking stands
Besides expanding runways, airports need to build more gates. Many airports are already resorting to remote parking stands due to terminals being too congested, but there is only so much space for them to do that. “Infrastructure is a bigger threat to the growth of airlines than the price of oil,” Qatar Airways’ CEO, Akbar Al Bakdr, said in an interview. Emirates’ President Tim Clark said, “If you want to come to New York or Los Angeles or Hong Kong or whatever, there are no slots available.”
Lack of pilots and insufficient airport infrastructure are industry-wide issues. Airlines are begging airports for more space. One solution would be to use bigger planes, but as we learned, superjumbos like the A380s aren’t here to stay. For now, airlines will cope with these issues by raising the fares for us, travelers.
Featured image courtesy of Chris Sattlberger via Getty Images.
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The State of Black Entrepreneurship
In the midst of a national conversation about systemic racism and the significant economic inequities people of color face, we see a data point that underscores the issue at hand. Since the onset of the COVID-19 pandemic, upwards of 41% of all Black-owned business in America have closed their doors for good.
What is happening to Black businesses during COVID? What are the unique challenges Black entrepreneurs face when it comes to starting and growing a business? What opportunities are Black entrepreneurs finding during this time? And, perhaps most importantly, what work is happening to create stronger entrepreneurial ecosystems for Black entrepreneurs?
Programming descriptions are generated by participants and do not necessarily reflect the opinions of SXSW.


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The rival bidder facing Aristocrat Leisure’s (ASX:ALL)
bid has dropped the pin on the deal to buy British gambling software group Playtech. The offer by JKO Play was withdrawn, which means that Aristocrat is now the only player at the table. The offer has been recommended by Playtech’s board with shareholders set to vote at the start of next month. Shares are trading 2.1 per cent lower at $40.62.
Mandated store closures from Covid-19 led Adair’s (ASX:ADH)
group sales to be impacted in the first half of this financial year. The furniture company added that gross margins have been impacted by increased supply chain costs, higher delivery costs to online customers and additional promotional activity. Shares are trading 18.2 per cent lower at $3.12.
Fortescue Metals (ASX:FMG)
is set to acquire the UK-based Williams Advanced Engineering for around $309.7 million. The acquisition aims to develop battery electric solutions for Fortescue’s rail, mobile haul fleet and other heavy mining equipment, to accelerate the decarbonisation of its mining operations. Shares are trading 2.1 per cent lower at $20.51.


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Dongguan Jingcheng Industry Co., Ltd.
Address: No. 14, Minying Road, Jinxia Industrial Zone, Jinxia Management District, Chang'an Town, Dongguan City
24-hour service hotline:
Enterprise QQ: 3005951578
Edit: Administrator Browse: Time: 2019-10-05
Compared with traditional car companies and multinational giants, the performance of new car building rights at the auto show lacks attention. At the Chengdu Auto Show, only eight new car companies such as Weilai, Weimar, and Qianqi participated in the exhibition, and in the true sense, the only new car listed is actually the Aichi U5. As of today, none of the top ten models of New Power's sales has changed to a car manufacturer.
Lian Qingfeng said that the development of all industries, especially the development of fuel vehicles, has entered a strict elimination race, and new power vehicles have entered a new stage at the end. In such a pattern, it is not enough to just break on the point. It is necessary to build its own big system.
According to reports, the development of China's new power vehicles has gone through several stages. Before 2013 was the trial stage; from 2014, the end of the new power car entered the test period from the laboratory; from the end of 2017, the development of the new power car entered the 2.0 stage, the consumer's teaching and employment, supporting, supply and function The system is gradually sound.
"It's not that a few products are sold well. It is necessary to establish sales, service, charging and replacement, including all standardized systems, and all trade ecosystems," said Lian Qingfeng. Based on years of experience, BAIC New Power is in The rapid improvement of the three electrical skills are all based on a small amount of data analysis and experiments based on user pain points.
In this regard, Wei Jianjun, chairman of Great Wall Motors, said that thanks to China ’s superior Internet foundation and solid intelligence and new power coherent conditions, the gap between Chinese cars in design, production, research and development and the international world is getting smaller and smaller. Hexin Power is at the forefront of the world.
Lian Qingfeng also showed that after 10 years of searching, he accumulated a lot and also encountered some twists and turns. BAIC has identified and positioned its future development and risks. In the past two years, BAIC has from time to time carried out the strategy of "high, new and special", and surrounds this main line, focusing on everything and returning. Now, in the face of truly world-class competition, the demand of Chinese auto companies has risen to a higher end and strengthened the systematic establishment.


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Digital TV News: RhythmOne
Tremor Video expands video ad fraud-filtering with DoubleVerify
May 7, 2020 – Tremor Video has announced that it has extended its partnership with DoubleVerify in a deal to expand its brand protection solutions. DoubleVerify fraud-filtering capabilities will include Connected TV (CTV), where fraud activity is on the rise.
News categories: Tremor Video, DoubleVerify, Oracle, Amy Guenel, Steven Woolway, Chris Stark, Advertising, OTT, USA, Worldwide
Tremor International acquires News Corp's Unruly
Jan 6, 2020 – Tremor International (AIM: TRMR) has reached an agreement with News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) to acquire Unruly, News Corp's programmatic video marketplace. The deal marks the start of a three-year partnership with News Corp.
News categories: Tremor, News Corp, Unruly, Ofer Druker, Rebekah Brooks, Robert Thomson, Norm Johnston, Advertising, Big Data, MnA, Worldwide
Tremor Video combines capabilities with YuMe by RhythmOne
Jul 10, 2019 – Tremor Video has announced that it has combined its capabilities with YuMe by RhythmOne. The new integrated company provides advertisers with even more impactful brand storytelling on one of today’s most popular digital platforms.
News categories: Tremor Video, Anthony Flaccavento, Advertising, Big Data, Digital TV, OTT, USA, Worldwide
Tremor Video DSP introduces Private Marketplace Packages
Apr 25, 2019 – Tremor Video DSP has announced that it has combined its video advertising capabilities with RhythmOne to offer advertisers premium supply inventory through owned, controlled and extended private marketplace (PMP) packages – called Tremor Video PMPs, powered by RhythmOne.
News categories: Tremor Video, Ofer Druker, Advertising, OTT, USA, Worldwide
Tremor Video DSP expands connected TV solutions
Mar 5, 2019 – Tremor Video DSP will expand its CTV offerings as a result of the acquisition by Taptica, its parent company, of RhythmOne. Tremor Video DSP and RhythmOne will create one of the largest video advertising companies in the industry.
News categories: Tremor Video, Ofer Druker, Advertising, OTT, USA
Taptica to acquire RhythmOne for $176m
Feb 4, 2019 – Taptica has announced the acquisition of RhythmOne for $176m in an all-stock deal. RhythmOne provides cross-screen solutions focused on connected TV. RhythmOne will be combined with Tremor Video DSP, which Taptica acquired in August 2017.
News categories: Taptica, RhythmOne, Ofer Druker, Eric Singer, Advertising, Digital TV, MnA, OTT, USA, Worldwide
RhythmOne expands range of Smart TV advanced ad impression units
Nov 27, 2018 – RhythmOne (LSE AIM: RTHM) has announced that its advanced TV and video solution, YuMe by RhythmOne, is now offering an expanded set of Smart TV Impression Units to meet the evolving needs of marketers.
News categories: RhythmOne, Jorg Nowak, Advertising, Digital TV, North America, Smart TV
RhythmOne guarantees advanced TV audience delivery
Jul 31, 2018 – RhythmOne (LSE AIM: RTHM) has announced that it will offer its US clients guaranteed in-demo delivery of advanced TV campaigns. The offering provides clients with campaign-level audience measurement while accessing RhythmOne’s network of app publishers within its advanced TV marketplace.
News categories: RhythmOne, Todd Johnson, Felix Hansen, Advertising, Big Data, Digital TV, USA
- Ofcom releases Media Nations 2020 report
- RADIO.COM expands connected TV footprint with Vewd
- NAGRA multi-DRM selected for Grupo Express OTT service in Argentina
- V-Nova and NETINT collaborate on MPEG-5 LCEVC transcoding
- Bell Canada releases Android TV 4K HDR streaming box
- Mongolia's Skymedia upgrades to Minerva 10
- INVIDI extends addressable TV partnership with Tata Elxsi
- Finecast brings audience measurement to Australian BVOD platforms
- SVOD subscriptions grew by 28% in 2019
- ATEME negotiating acquisition of ANEVIA
- Charter residential video customers up 102,000 in 2Q 2020
- QNET Telecom selects ATEME for video transcoding
- Discovery joins On Addressability dynamic ad insertion initiative
- Comcast cable video subscribers down 477,000 in 2Q 2020
- 3SS and Hoppr enable monetization on Android TV
- Liberty Latin America to acquire Telefónica’s operations in Costa Rica
- Amagi delivers 30+ live and linear channels on The Roku Channel
- KDDI selects VisualOn media player for au Smart Pass
- PMG and American Tower partner to accelerate ATSC 3.0 SFN deployment
- Eurofins updates testing services for CI Plus 2.0


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Target Corp. to phase out Cartwheel Perks rewards program
MINNEAPOLIS — Target Corp. is ending the Cartwheel Perks rewards program that it began testing in five markets last year.
The Star Tribune reports (http://strib.mn/2uDMb1A ) that the program was part of the company’s Cartwheel app, which provides in-store shoppers with digital coupons for extra savings when they check out. The Cartwheel app will remain otherwise intact.
Cartwheel Perks allowed customers to rack up points every time they made in-store purchases. Once they accrued a certain number of points, they could choose from rewards that included discounts on future purchases.
The rewards program was tested in Denver, Houston, Raleigh-Durham, San Diego and St. Louis. Customers in those markets will have until Aug. 27 to earn points and until Oct. 27 to redeem any reward offers.
Information from: Star Tribune, http://www.startribune.com


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A third Dutch foundation has launched a legal case against Chinese social media group TikTok, saying the company illegally harvests data from its 4.5 million Dutch users.
Stichting Massaschade & Consument is claiming €6bn from the popular app maker, arguing that the company should respect European privacy laws.
‘The free app profits from compiling extremely accurate profiles of its users, offering advertisers a platform which barely distinguishes between advertising and user-generated content,’ the foundation said in a statement.
In addition, the foundation says, the company transfers user data to countries with a more insecure protection regime for personal data, such as China and the United States.
The case is the third to be brought against TikTok in the Netherlands. Earlier this year, consumer organisation Consumentenbond and privacy watchdog Take Back Your Privacy launched a case for €2bn in damages. They accuse TikTok of using sensitive data about children.
Dutch foundation SOMI is also suing the Chinese owned video platform for failing to protect the safety of children around Europe and for and breaching European advertising and privacy rules.
‘The main difference with the other class action cases is that ours focuses on all Dutch TikTok users, including adults, which account for 70% of the Dutch user base,’ a spokesman for Stichting Massaschade & Consument told DutchNews.nl.
‘We believe Tiktok should be held accountable for its wrongdoings to all age groups, rather than singling out the most vulnerable ones.’
Stichting Massaschade & Consument is an independent non-profit organisation which earlier launched one of several class action cases against Airbnb, claiming compensation for over one million consumers for wrongly paid service costs.
The lawsuit against TikTok is backed by litigation financier, IVO Capital, which is underwriting the costs of the proceedings in advance.
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We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation


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Incona has organized Russian companies’ business program at INDEX Dubai
Incona company together with the Russian Export Center organized business program of Russian furniture manufacturers at INDEX Dubai on the 26-28th of March 2018. The stands and expositions of Russian companies arouse much interest among the visitors of the exhibition.
The Incona director Alexei Busev held a workshop for Russian exhibitors on doing business in the United Arab Emirates.
Russian companies held B2B meetings with UAE and GCC partners on supplying Russian products to the Gulf market. Following the results of the exhibition Russian companies achieved agreements on further cooperation with UAE partners.


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Days after confirming the name Palisade for Hyundai's full-size SUV, the first undisguised image of the Palisade has been published ahead of its official unveiling by Autoreview.ru. Designed as a companion to the Kia Telluride, revealed earlier this fall, the Palisade is expected to debut at the LA Auto Show in a matter of days and to go on sale in 2019 as a 2020 model. The Palisade was seen by spy photographers earlier this summer with some camo.
A production follow-up to the Hyundai Grandmaster concept, the Palisade will offer seating for eight along with all-wheel-drive capability. Underhood, expect to see a V6 engine borrowed from the greater Kia/Hyundai lineup -- a V8 is not expected on the menu despite the SUV's impressive size -- signaling that turbocharged V6 engines are up to the task of moving around large, eight-passenger dreadnoughts that could be used to tow other vessels.
"The future Palisade SUV will convey a bold exterior that commands attention and has strong inherent imagery of safety and security, especially important with parents with growing families and active lifestyles. Palisade styling will offer dignity with style in an understated theme that demonstrates clear differentiation worthy of a flagship SUV," the automaker said in a statement last week.
The design of the front fascia stays pretty close to the appearance of the Grandmaster concept, featuring an octagonal grille framed by thick chrome strips and tall headlights that stretch to the surface of the front fenders. The vertical running lights, incorporated into the front fascia, run along the interior of the two-part headlight housings, while a small chrome skid plate rests beneath the grille. The shape of the front fascia, based on this image, will be very tall and blunt -- likely for pedestrian safety measures -- while the overhangs will be on the moderate side despite the eight-passenger capacity.
The Palisade will be positioned above the Santa Fe in Hyundai's U.S. lineup, joining the Kia Telluride on sale around the same time, and is expected to compete with the likes of the Honda Pilot, Nissan Armada, Ford Expedition, Dodge Durango and the Chevrolet Suburban/Tahoe.
We'll get our first complete look at the Palisade on Nov. 28 as the LA Auto Show gets going.


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SMB business software giant Sage today announced a £10 million ($14.5m) investment in cloud HCM provider Fairsail, whose software is built and runs on the Salesforce platform.
The partnership between the two UK-based companies will see Fairsail recommended as the preferred cloud HCM platform for customers of X3, Sage's business software for larger, mid-sized enterprises. X3 is available in both on-premise and cloud versions but is largely sold on-premise.
The announcement comes at the same time as Sage reports higher-than-expected revenues for the half year to March, up 6% at £747 million ($1.1bn). But the increase was not enough to deflect disappointment at a miss in operating margins, with profit rising just 1.9% to £189 million ($274m). Shares in the FTSE100-listed technology group closed down 3.64% on the day.
The Sage investment represents a 20.7% stake in Fairsail and gives Sage a seat on the HCM provider's board. Fairsail had been looking to raise funds when the partnership proposition came about, says CEO Adam Hale:
We were actively in a process to raise growth capital for Fairsail. It made much more sense for both organizations to combine it with a great go-to-market partnership. We fulfilled our capital requirements and it helps us to continue to scale out our growth.
Fairsail and Sage were already partnering around the Sage Live cloud business solution, which like Fairsail's product is built natively on the Salesforce platform. While Sage continues to support its own on-premise HR solutions, Fairsail is its preferred cloud HCM choice, says Sage executive vice-president Alan Laing. Today's extension to the existing partnership will see Sage promoting Fairsail to the more established X3 customer base, as well as continuing to market it alongside Sage Live, he explains.
Nothing is changing other than we're going further and extending our reach into other markets with the Fairsail partnership.
Fairsail's growth and our own growth and ambition is giving us an opportunity to grow faster.
Fairsail anticipates significant extra reach through Sage's own salesforce and its partner channel, says Hale.
We will be working really closely with the sales team at Sage. We know the level of trust and influence they have with their customers.
Hale is sanguine about the prospect of connecting Fairsail's cloud HCM into on-premise business systems, but emphasizes that his sales team will not be selling the Sage product themselves.
We look at this from a customer perspective. They have all kinds of back office systems and we integrate seamlessly with them all.
We won't be selling X3. It's the Sage salesforce that we will be getting up to speed to understand Fairsail and what we do.
The relationship extends to technology as well as marketing, adds Laing.
It's not just go-to-market. We are integrating into the Fairsail platform and we will work together with a joint development project to make that happen on quite a short timescale.
The stake will give Sage a say in Fairsail's future product strategy, according to Laing.
Why wouldn't we invest? It helps us influence the development direction, it helps them continue their growth.
Sage will also be rolling out Fairsail internally, at the same time as implementing X3 as its own internal business solution.
Laing added that deepening the partnership with Fairsail gives Sage a competitive advantage against Salesforce-native FinancialForce, which offers its own acquired HCM package alongside its core financials and professional services products.
This announcement we believe leapfrogs us ahead of FinancialForce on the Salesforce platform. As far as HCM is concerned, it's not to my mind a competitive solution.
Fairsail's cloud HCM competition comes from other quarters, says Hale.
We are the leading HCM solution on the Salesforce platform. The only competition we see in cloud HCM is from Workday and [SAP] SuccessFactors — but our time-to-value is literally a fraction of what they deliver.
Although Sage also partners with Microsoft and AWS cloud platforms, Hale said that Fairsail has no plans to pursue a multi-platform strategy and will remain loyal to Salesforce.
We've been on the Salesforce platform literally since day one. We are all-in on that platform. We have no plans to replatform.
It's a platform that works incredibly well for us not just from a delivery perspective but also from a go-to-market perspective.
In its half-year statement today, Sage was keen to highlight its continued progress in transitioning to a subscription business model since last year's results. There was a 50% increase in the number of software subscriptions to 842,000, with subscription revenues growing 35.3%, accelerating the pace from 25.4% a year ago. Recurring revenue growth nudged into double digits at 10.0% for the first time this decade.
An interesting tie-up between two UK companies that each have strong relationships (though different histories) with Salesforce.
While Sage has only bought a minority stake in Fairsail for now, it appears to have fully adopted the company's HCM suite as its cloud offering for people management. In what was perhaps a Freudian slip that hinted at a broader gameplan, Sage CFO Steve Hare described the transaction to the Financial Times as an acquisition:
These kind of smaller, bolt-on acquisitions, where we spend tens of millions on kind of small, growing companies, is something you could well see us doing more of.
Whether such moves will be enough to hasten Sage's progress towards its recurring revenue and cloud ambitions remains to be seen.


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Who says battery cars have to be dull to downright boring? True, the Toyota Prius and Mitsubishi i likely won’t win design awards but the new Infiniti Emerg-E suggests that battery cars can be downright Sex-E.
The Infiniti concept is the latest in a string of concepts and production cars coming to the Geneva Motor Show next month that have already leaked out.
The luxury arm of Nissan Motor Co. has been hinting for some time that it plans to follow its bigger sibling and enter the electric vehicle market. Exactly what role the Emerg-E will actually have in the Infiniti line-up remains to be seen but it’s certainly going to draw some attention with looks that are more than a little reminiscent of the new McLaren MP4-12C.
But instead of a 600-horsepower small-block V-8, the Infiniti Emerg-E features a range-extended electric drivetrain. Details are set to follow but if you look closely at the images here you’ll notice the mid-mounted gasoline engine side of that powertrain is clearly visible beneath the show car’s all-glass roof.


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Saginaw Township residents have a delicious new addition coming to their town – Chick-fil-A! The local community will soon have the opportunity to enjoy the mouthwatering menu of this popular fast food chain right on Tittabawassee Road, located next to Creation Coffee.
The exciting news was announced by the Saginaw Township Business Association on Tuesday, Nov. 21. While specific details about the new location are yet to be disclosed, residents can expect the signature Chick-fil-A experience characterized by their famous chicken sandwiches, waffle fries, and delightful milkshakes.
Chick-fil-A has gained a loyal fanbase across the United States due to its high-quality food, exceptional customer service, and commitment to community outreach programs. The restaurant’s innovative approach to serving customers has set it apart from other fast food chains.
With its upcoming location in Saginaw Township, Chick-fil-A aims to cater to the diverse culinary preferences of local residents and provide a convenient dining option for families, individuals, and professionals alike. The new establishment is expected to create job opportunities within the community, boosting the local economy and contributing to its growth.
As more details emerge about the opening date and specific offerings at the new Saginaw Township Chick-fil-A, stay tuned to TV5 for the latest updates. Join our newsletter to receive regular updates straight to your email, including local news and weather forecasts.
Q: What can I expect from Chick-fil-A’s menu?
A: Chick-fil-A is known for its delicious chicken sandwiches, waffle fries, and delectable milkshakes.
Q: When will the new Chick-fil-A location open in Saginaw Township?
A: Specific details about the opening date are yet to be announced. Keep an eye out for updates from TV5.
Q: Will the new Chick-fil-A location create job opportunities?
A: Yes, the establishment is expected to create job opportunities within the community, contributing to the local economy’s growth.


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Jeep has made it loud and proud as of recent that they’re going to have a zero-emission model for every one of their SUV segments by 2025. This is an incredible development since they will be coming in hot and heavy with zero-emission 4xe models. This includes the Jeep Wrangler, Wagoneer, Grand Wagoneer, and Grand Cherokee. And with this image, they have made it known that the 2022 Jeep Grand Cherokee will be among those lucky models. There is a plug-in Wrangler which shows off off-road capabilities unlike any that you may have seen before on a Jeep. The vehicle also comes with an eco-friendly powertrain. It’s able to develop a combination of 375 horsepower as well as 470 pound-feet of torque.
The EPA believes that the Wrangler 4xe is able to give off all-electric ranges of 22 miles along with a combined MPGe of 49 for the rating. You can tell that the company is destined to do big things with the Jeep brand. This involves such activities like installing solar-power charging stations to best benefit off-roading activities throughout the trail. The Wagoneer and the Grand Wagoneer are also looking to get the 4xe treatment according to the CEO Christian Meunier.
The vehicle is likely to promote an ecologically friendly future for sure. It’s going to be a pleasant beginning for all. When it’s well understood that this is for the best, who needs the rest? Not entirely sure but I think that Jeep is doing a good job here. Setting the past behind them and excelling towards the future. Isn’t that what we all need? To evolve? One can certainly hope so. It just makes sense to pursue better ideas as this being an outdoorsy brand, rather than one created to promote warfare and violence. There’s more to life than just that type of hooey.


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Muscled out of the smartphone market by iPhone, Android and Samsung, BlackBerry has rolled the dice on its latest product and come up with a square phone. The Canadian firm has unveiled more details about the unusual device called the Passport, which it first previewed in June, including a 4.5-inch square HD screen. A post on the official BlackBerry blog said: “Many have thought that creativity around the design of smartphones was dead.”
Device companies have been emulating the same, entertainment-driven look for so long that there’s been a homogenisation of the visual cues in smartphone design.
The screen width fits 60 characters rather than the 40 seen on a rectangular 5-inch device. Under the heading “it’s hip to be square,” the post said the width is ideal for reading e-books, viewing documents and browsing the Web. The company said the device was aimed at professionals such as architects, writers and medical staff. Early last year, the company released BlackBerry 10, which failed to spark a turnaround in its fortunes.


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Whatsapp is set to add an online payment gateway to its app. This feature is set to officially launch this year 2019, beginning from India because they are the App’s biggest market in the world with over 400 million users.
Whatsapp has been planning to launch this payment system back then in 2017, but one thing led to another, they didn’t. The payment system will be a best alternative to Google Pay, Amazon Pay, Paytm, PayPal etc.
What Is Whatsapp Pay Payment System?
WhatsApp payment system will allow you to send money to friends and family over text and allow you receive money as well. WhatsApp Pay would make sending money as easy as sending a message, and the company is looking forward to launch it in other international countries after India.
According to Whatsapp, they said;
WhatsApp Payments will make it as easy to pay someone on WhatsApp as it is to send a message. Payments services are critical to accelerating financial inclusion and bringing millions of people into India’s fast-growing digital economy. We can’t wait to provide this service to our users across India this year.
The payment system is made possible via a UPI which enables users to send and receive money easily. With the new service, users can now link their bank account to their WhatsApp account via Unified Payments Interface (UPI) and begin making payments straight to another user’s bank account through a WhatsApp chat.
How To Send Money On Whatsapp
Users can locate the payment option in WhatsApp by tapping on the attachment icon. After that, users will see the payment option along with other options such as document, gallery, video etc.
A list of banks will appear on the screen and you then have to select the bank account that is being linked. After selecting the account, you will just have to verify it before proceeding to send the money.


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|general motors corporation shut down||2||0.8||1591||67|
GM said on Friday that it expects four of its U.S. assembly plants to be closed for two weeks beginning on April 25 because of parts shortages. The earthquakes damaged factories belonging to key auto-industry suppliers, leading to temporary shortages of a few key parts. Apparently, GM is one of the customers affected.Is GM closing plant?
General Motors announced plans to close three assembly plants, one each in Michigan, Ohio and Ontario before the end of 2019. General Motors will close three assembly plants by the end of 2019, it said Monday, including Detroit-Hamtramck, Lordstown in Ohio and Oshawa in Ontario.


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Mar 27, 2019 | By Volker Ketteniss
Big data meets consumer insights. Experience WGSN.
United Colors of Benetton has opened its restyled Moscow flagship showcasing its new retail concept, On Canvas, kickstarting a move to refurbish all its central Moscow stores by the end of this year.
The 17,000sq ft store is located on Moscow’s main shopping street Tverskaya. It is designed around a series of moveable canvas walls which work as a lightweight structure where new collections, colour stories and products can be presented and re-arranged to highlight new trends or product stories. A further three revamped units are opening across Moscow this autumn. Russia represents a key market for the brand, having had a presence in the country for over 20 years. Ruslsan Malich, general manager of Benetton Russia said the country’s changing retail environment, one which has a growing mass market, reflects how the modern Russian customer wants to shop.
He told WGSN: “We’re undergoing a shift here, people are more aware of quality fabrics and they’re savvier about prices. They know fashion, they know quality. The market is here for Benetton and this store caters to that.” The opening forms part of the retailer’s new global brand strategy aimed at promoting Benetton’s Italian origins, and establishing itself as a leading Italian fashion brand. The core focus of that strategy is aimed at re-engaging with women shoppers aged 25-35. The new collection is made up of 560 items, of which 380 are aimed at women, designed in Italy and made with improved quality Italian materials, offered at affordable prices.
Creative director Valentina Soster told WGSN there was now much more attention within the business on providing outfit solutions for its women customers and the new store layouts are merchandised to give shoppers clearer ideas on outfit building.
As well as womenswear, the Moscow flagship offers men’s casual and formalwear, a new range of footwear and handbags, gift product- including watches, telephones, mugs and candles – as well as new categories such as costume jewellery. There is also a colour room, where individual items are available in up to 24 different shades and an entire floor dedicated to kidswear.
The On Canvas concept debuted in Benetton’s Milan flagship this April, with stores in Barcelona and Berlin next to be renovated. London is also in the pipeline as one of Benetton’s key markets.
Know what’s next. Become a WGSN member today to benefit from our daily trend intelligence, retail analytics, consumer insights and bespoke consultancy services.


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Bitcoin is inching closer to the coveted $30,000 milestone. As enthusiasts and traders watch the ticker with bated breath, the big question remains: can Bitcoin firmly secure its spot above the $30K mark?
Based on recent data, a substantial potential resistance level exists around this price point. Specifically, a whopping 1.49 million addresses have acquired Bitcoin close to this figure. This implies that a large group of investors sees this value as pivotal, thereby transforming it into a formidable resistance threshold.
It is not just the sheer volume of transactions that draws attention to this price point. An impressive 73% of all Bitcoin addresses are presently in profit, solidifying the $30,000 level as a significant point of contention throughout the year. However, while crossing this line is a psychological victory, the real battle is maintaining momentum beyond it.
Recent charts provide a more nuanced insight. Even though Bitcoin’s price has momentarily surged past the $30,000 mark, there is palpable selling pressure hovering close by. This suggests that a section of the market, possibly those who acquired Bitcoin at this rate, are considering capitalizing on their investment. Such selling pressure, if it intensifies, can potentially push the cryptocurrency’s value downward, erasing recent gains.
For Bitcoin to truly secure its position above $30,000 and deter a potential price drop in the near future, it needs to climb further. A more robust position would be above the $30,600 mark. Why? Because this would cover local selling pressure levels, creating a buffer against immediate sell-offs and thereby reinforcing market confidence.
To conclude, while crossing $30,000 is undoubtedly a monumental feat for Bitcoin, it is imperative to remember that in the volatile world of cryptocurrencies, milestones are just as quickly achieved as they are lost. For Bitcoin to not just touch but firmly establish its reign above $30K, it will require one more concerted push from its global community. Only time will tell if the digital currency can muster the strength and support needed to achieve this next leap.


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Bangalore-based online furniture rental company Furlenco has partnered with Mumbai-based TAB cabs to carry out a first-of-its-kind month-long branding on cabs of the airport’s biggest taxi fleet.
Furlenco has put up its communication, ‘Awesome furniture on rent’, on the four doors, the car boot and the back of the front seat covers of the cabs as part of the campaign. With this initiative, Furlenco is all set to strategically enhance the popularity of its brand with the center-point being the bustling Mumbai airport where passengers are in transit 24/7.
The creatives for the mobile ad-campaign designed by Furlenco’s in-house team have been placed in a way so that the passenger’s head will be a part of the furniture’s visible profile when viewed from the outside.
Commenting on this ad-cab campaign, Ajith Mohan Karimpana, Founder and CEO, Furlenco, said, “It’s an appealing ad-campaign created by our in-house team using our own designed furniture. While other Out Of Home (OOH) media is static, this is on the go. The cabs will be on the road from the airport to the entire city acting as a mobile hoarding. This will ensure our brand prominence and mass visibility, creating widespread awareness among the customers.”
As part of their service, they charter an array of award-winning designer furniture that is high on quality with matching furnishings and decor on a monthly subscription fee. The service also includes free doorstep delivery and installation making it an extremely convenient and hassle-free approach to own a home with dreamy interiors. One can rent beds with mattresses, sofa sets, couch sets, dining tables, recliners and much more starting at just Rs. 999 per month.


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If you can dream it, you can do it. -Walt Disney
Quality is a great business plan. -John Lasseter
Let's make some funny pictures. -Tex Avery
I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend. -Howard Zinn
When critics sit in judgment it is hard to tell where justice leaves off and vengeance begins. -Chuck Jones
And what do you benefit if you gain the whole world but lose your own soul? -Jesus
A man should never neglect his family for business. -Walt Disney
What's most important in animation is the emotions and the ideas being portrayed. -Ralph Bakshi
Once you have heard a strange audience burst into laughter at a film you directed, you realize what the word joy is all about. -Chuck Jones
Before enlightenment: chop wood, carry water. After enlightenment: chop wood, carry water. -Buddhist Proverb
News and events from around the world
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Maybe they'll price themselves out of business...
Pay TV costing a pretty penny, and rising
By Eve Tahmincioglu
April 10, 2012
If you're one of those people who complain that there’s nothing to watch on TV today even though you have a gazillion channels, you’re not going to be happy with this news – turns out, you’re paying more for cable.
The monthly rate for pay TV has been rising at an average of 6 percent annually and hit $86 a month last year for basic pay and premium-channel TV, according to a reported released Tuesday by market research firm The NPD Group. The uptick in licensing fees - which are the fees cable and satellite providers pay for programs - is driving much of the increase, at a time when consumer household income has hardly budged.
At this rate, NDP estimates consumers will be paying an average of $123 a month in 2015 and $200 a month by 2020.
The study was based on a quarterly electronic survey of 1,000 U.S. households.
Not surprisingly, the rising costs are making many consumers pull the plug on premium television. Today, there are five million fewer U.S. households viewing pay-TV services due to the mortgage crisis, the NDP research found, adding that those who did cancel service were prompted to do so because of economic reasons. But overall, the number of pay-TV subscribers has not declined substantially because of “bulk-service pay-TV contracts with apartment complexes and homeowners’ associations that have allowed pay-TV operators to retain subscriptions in vacant homes,” the study said.
Among the pay-TV cord cutters, most are still viewing their favorite shows via free Internet TV, traditional free broadcasting, and video-on-demand services such as Netflix, NDP reported.
The growth of lower-cost options, as well as cash-strapped consumers, is the reason the total number of subscribers of paid TV dropped to 100.9 million in the second quarter of last year, compared to 101.4 million in the ﬁrst quarter, according to a IHS Screen Digest report released in September.
“As pay-TV costs rise and consumers’ spending power stays flat, the traditional affiliate-fee business model for pay-TV companies appears to be unsustainable in the long term,” said Keith Nissen, research director for NDP. “Much needed structural changes to the pay-TV industry will not happen quickly or easily; however, the emerging competition between S-VOD (subscription video-on-demand) and premium-TV suppliers might be the spark that ignites the necessary business-model transformation of the pay-TV industry.”
Indeed, something’s got to give: $200 a month for cable may end up getting some consumers pulling out their dusty old rabbit ears; that is, if they still work with digital TV.
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Viacom announced the international launch of BET Play, the programmer's first-ever direct-to-consumer, subscription video on demand (SVOD) service.
The app will cost $3.99 per month for live access to BET programming and events. The timing of the launch coincides with the 2016 BET Awards, scheduled to air on June 26. BET Play is offering free seven-day trials.
"The launch of BET Play significantly expands the brand's geographic availability by making it available direct to consumer in many markets where it has not previously had an established presence on TV," said Michael D. Armstrong, executive vice president and general manager of International Brand Development for Viacom International Media Networks, in a statement.
The app, which will be available in 100 countries, will work on Android and iOS devices and will be enabled for large-screen casting via AirPlay.
BET Play will slot in among Viacom's other Play Plex VOD apps for channels including Comedy Central, MTV, Nickelodeon, Nick Jr. and Spike.
"We've seen incredible interest in, and uptake of, our Play Plex suite of apps, which have completely exceeded our expectations," said Bob Bakish, president and CEO of Viacom International Media Networks, in a statement.
Viacom's first foray into direct-to-consumer SVOD comes as CBS, which split from Viacom in 2006, is nearly two years out from the launch of its direct-to-consumer app, CBS All Access. CBS' app charges $5.99 per month for live content and old episodes.
Viacom is currently embroiled in management realignment drama. CEO Philippe Dauman is fighting to retain his position as Sumner Redstone, whose National Amusements owns 80 percent of voting shares of Viacom, last week moved to oust five Viacom Board directors, including Dauman.
In an interview earlier this week with Fortune, Dauman was asked whether Viacom had moved fast enough to digital in order to hold onto its young audience, whose viewing preferences continually trend toward mobile.
To that, Dauman argued that Viacom was the first company to engage with SVOD companies like Netflix, Hulu and Amazon, as well as the first to "put our content on mobile in a significant way."
Viacom CEO Philippe Dauman makes his case for keeping his job
Sumner Redstone ousts five Viacom board members, including CEO Dauman
Dauman takes Redstone to court as battle for Viacom control continues
Dish deal shows Viacom channels haven't lost their value, analysts say


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In a major boost ahead of the 2015 season, The Bulleen Templestowe Amateur Football Club today announce that Hyundai Doncaster will be one of the club’s Principal Partner’s for the 2015 season.
The deal will see Hyundai Doncaster become another big corporate partner with the Bullants.
President Harry Harisiou said that having such a strong brand invest in the future direction of the club is significant.
“We are immensely pleased to announce this partnership with Hyundai Doncaster, like the Bullants, is focused on growth, excitement and success,” he said.
Hyundai has one of the fastest growing car sales in Australia and the Bulleen Templestowe Amateur Football Club are extremely happy with this partnership in season 2015 and many more to come.


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|Farmers in the southern province of Kiên Giang's U Minh Thượng District pack bananas. The export of bananas also saw strong growth, reaching $311 million last year, up 34.5 per cent.— VNA/VNS Photo Lê Sen|
HÀ NỘI - The export of dragon fruit, banana and durian is expected to contribute US$2 billion to the country’s export turnover in 2023.
The fruits and vegetables export recorded positive signals in early 2023, reaching $300 million in January, up 3 per cent year-on-year.
This promises a great help to the sector in realising its goal of $4 billion in revenue this year, a year-on-year surge of 20 per cent.
This is attributable to China’s re-opening in early January and its increasing import of fruits and vegetables from Việt Nam; and the efforts of Vietnamese exporters to maintain orders with partners in the US, the European Union (EU), and Japan.
In the fourth quarter of 2022, the export volume of durian sharply soared, hitting $421 million, up 137 per cent from the same period last year.
The export of bananas also saw strong growth, reaching $311 million last year, up 34.5 per cent.
The trade of goods at the border gates between Việt Nam and China has increased. As many as 220,000 tonnes of fruits were exported to China via border gates in the northern province of Lạng Sơn from January 1 – February 13, a hike of 40 per cent year-on-year.
According to Nguyễn Thanh Bình, President of the Việt Nam Fruit and Vegetable Association, 2023 is expected to be a good year for Việt Nam's fruits and vegetables export industry, especially durian.
China remains the largest importer of Vietnamese durian among other key names including Australia, the US, Japan, and Taiwan (China).
Banana export is also expected to exceed $300 million thanks to a protocol signed with China in November 2022.
Việt Nam is the second biggest exporter of bananas to China after the Philippines. China annually spends over $1 billion on importing bananas from the Southeast Asian nation.
Last year, Việt Nam raked in nearly $1.4 billion from exporting dragon fruit, banana, and durian. — VNS


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Eurozone data has been mixed today, but the headline CPI figures have disappointed, extending EUR GBP exchange rate losses.
- UPDATE: UK Manufacturing PMI Boosts Pound – Sector soars back into growth territory
- Euro weakened by CPI figures – Weakening price growth creates headache for ECB
- German unemployment falls – Joblessness remains at lowest level since reunification
- Pound advances on consumer confidence – Sentiment improves more-than-forecast
- Eurozone and UK PMIs tomorrow – EUR GBP exchange rate forecast to weaken if UK manufacturing PMI recovers
The Pound has been buoyed by better-than-expected consumer confidence figures which, amongst other things, have indicated that consumer spending will remain strong in the coming month despite Brexit-related uncertainty.
Euro Soft Ahead of Sparse Eurozone Data Day
The Euro is largely in positive territory across the board, making small advances after yesterday’s slump on worse-than-expected manufacturing PMIs. There is little data available today, although the docket has already opened negatively, with a 14.4k uptick in the number of Spanish people out of work. Finalised Italian GDP figures have proved mixed; the year-on-year growth rate slowed less-than-forecast to 0.8%, but the quarterly rate fell in line with predictions to show no expansion in the three months to June.
The EUR GBP exchange rate is currently trending below opening levels. The Euro has managed to hold Pound gains in check despite a bullish reading for the UK construction PMI, which rose far above the 46.5 forecast to end within touching distance of growth territory thanks to a 49.2 score. However, once the day’s disappointing US non-farm payrolls data was released, investors were ready to adjust their positions and a subsequent run on Sterling saw the Euro tumble.
(Last updated 16.10, 02/09/2016)
Strong UK Manufacturing Sector Growth Shocks Markets; Pound Rockets Up
The GBP EUR exchange rate bounced up to hit 1.1900 after the release of the latest Markit UK manufacturing PMI. Pound Sterling is still holding gains of around 0.9% after the index, which was forecast to edge higher to 49, but instead leapt from 48.3 to 53.3. According to Markit, the weak Sterling exchange rate, combined with a rise in demand, has helped the sector to bounce back from the initial referendum shock.
(Last updated 12.27, 01/09/2016)
Traders Await Eurozone PMIs; EUR GBP Weakens Ahead of Data Release
Finalised versions of the Eurozone PMIs for August are due imminently, keeping the Euro weak. Investors, still recovering from the shock of yesterday’s disappointing inflation data, are waiting to ensure that the latest readings do hold steady on previous estimates as forecast before adjusting their positions and beginning the day’s trading proper. As a result EUR GBP exchange rates are currently down -0.3% at 0.8473.
(Last updated 08.39, 01/09/2016)
Euro Downtrend Continues as Consumer Price Index Weakness Increases ECB Stimulus Odds
The latest Eurozone data has offered a mixed picture of the currency bloc’s economic health, although the most important data has disappointed. Unemployment in the Eurozone has remained at 10.1%, defying forecasts of a slip lower to 10%. Core CPI has weakened from 0.9% to 0.8% instead of holding steady, while non-core price growth has remained at 0.2% rather than the small uptick to 0.3% predicted.
Inflation data from Eurozone member states was also weak, with the French consumer price index for August weakening ten basis points instead of remaining at 0.3% on the year. Italian CPI remained in deflation on the year, while on the month price growth edged -0.1% lower to 0.2%.
Meanwhile data from Germany was largely positive. The number of people out of work fell by more than expected, dropping by -7,000 rather than the -5,000 forecast after last month’s -8,000 decline. The drop was not enough to lower the seasonally-adjusted unemployment rate from 6.1%, but this still meant the number of people out of work remained at its lowest since reunification.
German retail sales also saw a strong rise on the month, jumping from the previous contraction of -0.6% to 1.7%, significantly above the forecast growth of 0.5%. Year-on-year retail sales slumped much further than expected, dropping from 2.3% growth in June to a contraction of -1.5%. Growth of 0.3% had been forecast.
Today’s data comes after the European Central Bank’s (ECB) cut-off point for its policy meeting next week, so is unlikely to affect monetary stimulus this time round. However, it points to a continuing weakness in price growth is likely to create headaches for the Governing Council going forwards, weakening the Euro today on heightened bets of further stimulus measures. According to Capital Economics’ Stephen Brown;
‘The unemployment rate is well above its 1999 to 2007 average of 8.8%, indicating that there is a large amount of slack in the economy and suggesting that wage pressures will remain subdued. With yesterday’s survey data also pointing to a marked slowdown in growth ahead, there is a strong case for the ECB to announce further policy easing.’
Pound to Euro (GBP EUR) Bullish on Recovering UK Consumer Confidence
Today’s consumer confidence figures have helped allay fears sparked yesterday by markedly weakening consumer credit. After the initial strong hit to consumer sentiment following the outcome of the referendum, it seems UK consumers are continuing to shrug off Brexit-based uncertainties. The latest GfK survey index has climbed from -12 to -7, beating forecasts by one point.
According to Head of Market Dynamics at GfK Joe Staton;
‘We’re reporting some recovery in the Index this month as consumers settle into the new wait-and-see reality of a post-Brexit, pre-exit UK. The uptick in confidence is driven by good news from hard data, the combination of historic low interest rates matched with falling prices and high levels of employment. This can be seen in positive growth across all major measures including both our Personal and General Economic situation for the next 12-months.’
Further boosting sentiment is the fact that house prices have defied expectations of a fall to continue posting strong growth. According to Nationwide, house price growth accelerated on the month in August from 0.5% to 0.6% when a decline of -0.2% had been predicted. On an annualised basis, price growth rose from 5.2% to 5.6% despite a slowdown to 4.8% being on the cards. Nationwide have warned that the strong price growth is masking weakness in the sector, however, with falling demand matched by falling supply to keep prices buoyant for the moment.
Euro Pound (EUR GBP) Exchange Rate Forecast; Eurozone PMIs to Hold Steady, UK Manufacturing to Improve
With no data left for release today, the EUR GBP exchange rate is likely to continue weakening in response to the day’s CPI data. Tomorrow, a run of Eurozone PMIs could help restore some confidence in the Eurozone economy, with the manufacturing indices for all forecast to hold level. The weakest of these will be the French PMI; no change will leave the index in contraction territory at 48.5.
The UK’s only data tomorrow is also a Markit manufacturing PMI. The index is predicted to remain in negative territory, although a recovery from 48.2 to 49 is expected.
Current EUR, GBP Conversion Rates
The Euro Pound (EUR GBP) exchange rate is currently trending in the region of 0.8490, while the Pound Euro (GBP EUR) exchange rate is trading around 1.1779.


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by Bogdan Petrovan, 4 months ago
Rumors are swirling around Nvidia’s plans to enter the tablet market. The chipmaker might launch an entry-level 7-inch tablet called Tegra Tab, as well as a Tegra 5-powered model in 2014.
by Bogdan Petrovan, 5 months ago
The GPU and mobile SoC maker Nvidia announced that it will make available its GPU and visual computing technologies for licensing by any interested company. The move will allow chipmakers such as Samsung to use Nvidia GPUs in their mobile systems on a chip.
by Nate Swanner, 5 months ago
NVIDIA knows they’ve got a big job ahead of them. Project Shield may be awesome, but it requires developers to adopt it. That awesome controller needs dedicated support, and developers need to know just how cool it is before they’ll do the extra work for Project Shield. Hopefully, NVIDIA made an impact at E3.


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Entertainment has never been so easily accessible—dozens of streaming apps are available on our smartphones, tablets, and even watches, and our TVs and gaming consoles have entertainment apps included as soon as you turn them on. So what about the Nintendo Switch?
The Switch is the ultimate gaming console for those who prefer both on-the-go gaming and home consoles. Its 2-in-1 system seems to be the perfect one to include entertainment other than video games, right? After all, the Wii U and the Nintendo 2DS, 3DS, and 3DS XL all included an option to watch streaming apps, particularly Netflix, via the Nintendo eShop.
Unfortunately, the same can’t be said for the Nintendo Switch. The support for the Netflix app for the Wii U and the 3DS line of consoles was discontinued in June 2021, and while some believed that this would mean Netflix would make its way over to the Switch, it has yet to happen. At the time of writing, Netflix cannot be officially downloaded on the Nintendo Switch.
Other major streaming platforms, like Amazon Prime Video, Max, and Disney+, cannot be downloaded on the Nintendo Switch either. Currently, the only two streaming apps that are widely available on the Nintendo Switch are YouTube and Crunchyroll. Hulu is still available on the Nintendo Switch in select regions, particularly the U.S., and Twitch was previously available, but support for the app was discontinued in January 2024. The Pokémon TV app is no longer available to download in the Nintendo eShop, either, though those who have it downloaded on their device will be able to use it until the app officially shuts down at the end of March 2024.
Who knows? If the current rumors that the Nintendo Switch 2 will be released within the coming year are to be believed, perhaps more streaming apps, including Netflix, will soon become available on Nintendo’s flagship device.
(featured image: Tomohiro Ohsumi/Getty Images)


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BEIJING -- Daimler subsidiary Mercedes-Benz announced Friday a strategic and capital tie-up with Chinese automotive battery maker Farasis Energy (Ganzhou) to secure a steady supply of batteries for the carmaker's shift toward electric vehicles.
The luxury automaker will acquire a 3% stake in Farasis in a deal estimated by Chinese media at 900 million yuan ($127 million). The two companies will jointly develop batteries for electric autos and plug-in hybrids. Farasis will supply batteries from production centers in China as well as a new carbon-neutral plant being built in eastern Germany.
Mercedes-Benz aims to have electrics and plug-in hybrids make up at least half of the passenger vehicles it sells by 2030. The German company hopes that involving Farasis in battery development early on will improve energy density, charging time and cost-competitiveness.
Farasis, established in 2009, operates plants in China's Jiangsu and Jiangxi provinces. The company plans to list soon on the Shanghai Stock Exchange's STAR Market, China's answer to Nasdaq. Its value is estimated at 30 billion yuan.
A number of German automakers are focusing on the development and sale of electric and plug-in-hybrid autos in China, which has become the world's largest market for the vehicles thanks primarily to government incentives.
Volkswagen said in May it would acquire a 26% interest in major Chinese battery maker Gotion High-tech, becoming its top shareholder. BMW has a contract to source batteries from Contemporary Amperex Technology, the global major also known as CATL.


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Last year, we were excited by the news that China committed to ending its ivory trade by the end of 2017. This announcement by the world’s largest ivory trader was a monumental step in the right direction for the 30,000 elephants killed each year by poachers. Since the announcement, the price of ivory has declined about 65% worldwide, and all Chinese ivory dealers had to close on December 31, 2017. To ensure compliance, the State Forestry Administration has embedded inspection teams throughout China, performing investigations and penalizing violators with a minimum of five years in prison.
But enforcement is just the beginning. As news of the ban spread throughout China, conservation advocates realized that 70% of consumers did not realize elephants had to be killed to get their ivory. Because of this, public education has become a priority, and the government has turned to digital solutions to help spread the message. Baidu, the country’s major search engine, implemented alert notifications that pop up when users search for ivory-related terms. Chinese travelers also receive text messages warning them not to bring wildlife products into or out of China. The world is watching as China spreads the message that elephant lives are more important than ivory trinkets.
Although there is still much work to be done, China’s ban has also inspired many other nations. In January 2018, Hong Kong, a Chinese territory and leading ivory-trading hub, declared an end to its ivory sales by 2021. Just last month, the United Kingdom announced plans to implement one of the strictest bans yet, setting a precedent in the European market. This is especially significant as the UK is the leading global exporter of legal ivory.
While we continue to protest President Donald Trump’s decision to lift the American ban on elephant trophies, we are encouraged by the continued work of the Chinese government and the global community. Elephants have been slain for their ivory for centuries, and lasting change depends on continued education and enforcement from global advocates. We look forward to a future where elephants come off the endangered species list, but that can only happen once we all commit to taking ivory off the shelves.
RenderLoyalty.com: China Bans Ivory Trade by End of 2017
National Geographic: China Shuts Down Its Legal Ivory Trade
BBC.com: China's Ban on Ivory Trade Comes Into Force
NPR.org: How China's Ivory Ban Could Affect...
China Dialogue: China's Ivory Sales Ban Shows Need...
National Geographic: UK to Introduce 'Toughest' Ivory Ban...
BBC.com: Hong Kong Bans Ivory Trade in 'Historic' Vote
Images (top to bottom)


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Vimplecom is interested in buying Warid Telecom
Vimpelcom, the major shareholder of unit Orascom Telecom, which owns the Mobilink in Pakistan is planning to buy Warid Telecom.
Vimpelcom has agreed to sell two of its sub-Saharan assets for about $100 million and is bidding for Pakistan’s mobile operator Warid Telecom.
Vimpelcom has hired Citigroup Inc to advice on the potential acquisition of Warid Telecom. Earlier in the day, UAE telecommunications firm Etisalat said its affiliate Pakistan Telecommunication Co Ltd (PTCL) had expressed interest in Warid.


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30 July 2021 | News
In Q1, the gross sales was at Rs 96,694 million up 29 per cent YoY
Sun Pharmaceutical Industries has reported the financials for the first quarter ending June 30, 2021. In Q1FY22, the consolidated sales from operations at Rs 96,694 million, a growth of 29 per cent over Q1 last year and 14 per cent over Q4 last year. India sales have been reported at Rs 33,084 million, up 39 per cent compared to Q1 last year. The US finished dosage sales at $380 million, a growth of 35 per cent over the same quarter last year. The Emerging Markets sales was at $218 million, up by 25 per cent over Q1 last year. The Rest of World sales was at $185 million, up by 35 per cent over Q1 last year.
The R&D investments are at Rs 5,926 million compared to Rs 4,206 million for Q1FY21. EBITDA at Rs 27,718 million, up by 59 per cent over Q1 last year, with a resulting EBITDA margin of 28.7 per cent. The adjusted net profit for the quarter was at Rs 19,792 million, up by 73 per cent YoY, after excluding the exceptional items of Rs. 6,311 million and relevant minority interest of Rs. 960 million. The adjusted net profit margin at 20.5 per cent compared to 15.3 per cent for Q1 last year. The company reported a net profit for Q1FY22 was at Rs 14,442 million.
Dilip Shanghvi, MD, Sun Pharma said, “We witnessed a strong Q1, driven by a combination of robust core business growth, low base and some sale of Covid products. We are enthused by the all-around growth across all our businesses compared to Q4 last year. Our India business continues to do well while our global speciality revenues have grown over Q4. We are happy with Ilumya’s performance which has grown both YoY and sequentially. We continue to focus on growing our overall business and simultaneously strengthening our global speciality portfolio. The recent in-licensing of Winlevi for the US and Canada is a step forward in this direction.”


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MICHIGAN — Nalpac has announced it is attending the inaugural Altitude Intimates Lingerie Show, where it will showcase new items from leading industry manufacturers.
“Nalpac is always looking for new and exciting ways to interact with customers and manufactures,” said Thomas Raferty, sales manager. “The Altitude Intimates Show is just that.”
Nalpac will be showcasing within the Studio Room at booths 21-23 at the Planet Hollywood Resort & Casino in Las Vegas. The company is currently accepting appointments for Apr. 3 and 4.