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Offering a helping hand to auto drivers community, Piaggio has distributed more than 11,000 ration kits to the families of needy auto drivers, each of which could feed a family for two months.
The increasing number of COVID-19 cases in the country and the resultant lockdown, which is currently in its fourth stage, has affected the livelihood of many people. With the lockdown restricting public movement, auto-rickshaw drivers, who depend on daily earnings, are one of the most affected ones. Offering a helping hand to this community, Piaggio Vehicles Pvt Ltd (PVPL), has distributed more than 11,000 ration kits to the families of needy auto rickshaw drivers, each of which could feed a family for two months.
Also Read: Coronavirus: Piaggio Announces Multiple Relief And Safety Initiatives To Fight COVID-19
Talking about this initiative, Diego Graffi, MD & CEO of Piaggio Vehicles Pvt. Ltd. said, “In these exceptionally difficult times we stand with the auto driver & transport worker community to provide our relentless support. They are facing difficulties in this unprecedented COVID-19 situation. We had earlier announced an extension of the warranty for all our 3-wheeler customers and have now decided to support the most needy households of this community by taking care of their basic food security for a period of 2 months. Our dealers are also partnering with us and supporting us voluntarily in this distribution to reach out to the underprivileged drivers & their families. This is an unparalleled crisis that needs cooperation and support from all of us as a community and as a socially responsible organisation we are going to keep doing the best we can do for the driver community”.
Also Read: Piaggio Vehicles Resumes Production Operations At Baramati Facility
Also Read: Piaggio Group Announces Warranty Extension On Aprilia And Vespa Models
The ration kits donated by Piaggio India contain dry ration as well as face masks, soaps and sanitisers as per the average requirement of four family members. The two-wheeler and small commercial vehicle manufacture distributed the ration kits on May 28, 2020, across India with the support of PVPL’s nationwide dealership network. In April, Piaggio also announced the extension of warranty and free service period for small commercial vehicles by two months.
Also Read: Piaggio Extends Warranty And Free Service Period For Its Commercial Vehicles
Earlier in April, Piaggio India donated similar ration kits to nearly 1,000 migrant labourers in Pune and Baramati. Additionally, the company has also provided Personal Protective Equipment (PPE) Kits and is also installing sanitisation infrastructure Pune’s Sassoon Government hospital, and an isolation centre in Baramati Government Hospital. It has also helped Baramati local authorities in setting up an isolation centre for COVID-19 patients at the Baramati government hospital.


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Sportonomics - A sneak peek at new Star video series
Reporter Morgan Campbell explores the business side of sports in a new weekly series on thestar.com titled Sportonomics.
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Sports is a business. A really big business.
Reporter Morgan Campbell explores the business side of sports in a new weekly series titled Sportonomics .
- $242M welfare computer system 'overwhelmed' staff, report finds
- Video TTC ask Toronto police to investigate violent incident caught on video
- NEW Police board to move forward with revised carding policy
- Conservative senator says auditors 'just don't know' what it's like
- Updated Canadian diplomat planning funeral of teen son, legal defence of another
- Foreign workers warned not to dodge deportation
- NEW Last Target Canada stores to close April 12
- NEW Cost of Canada’s mission in Iraq, Syria will hit $528M in coming year
The announcement comes as several other major companies including, Wal-Mart Stores Inc., have announced wage hikes as the economy has picked up and made it more difficult to find reliable workers. Over the past 12 months, the unemployment rate has dropped to 5.5 per cent from 6.7 per cent.

domain: news


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SEOUL, SOUTH KOREA – JUNE 14: (L to R) Actor Andrew Garfield and actress Emma Stone attend the “The Amazing Spider-Man” Press Conference on June 14, 2012 in Seoul, South Korea. The film will open on June 28 in South Korea. (Photo by Chung Sung-Jun/Getty Images)
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BITCOIN REGULATION IN UK
Published on : 2017-04-26 10:44:57
Cryptocurrency detractors worry that its anonymity helps criminals looking to avoid law enforcement oversight. As such, despite a shared transaction history, the two currencies are now entirely incompatible with one another. On this occasion, however, neither was discarded. Despite recent moves, what some governments across the world will do has yet to be determined. Industry players want the same thing as politicians - cryptocurrencies that offer cheap, frictionless, international transactions used for legal purposes. IGâs bitcoin settlement is based on a combination of real time prices provided directly by some of the worldâs most liquid bitcoin exchanges. The regulations are expected to be enacted over the next several months. We also offer a range of stops and limits, including trailing stops that lock in profits and guaranteed stops that canât suffer slippage. This resulted in two tokens: the original bitcoin, and the new bitcoin cash. Bitcoin forks arenât uncommon, but there is usually a consensus on which version of the blockchain to discard.
(London time) (market holidays permitting). If anything, regulation will only increase bitcoin s rate of growth as regulation lends credibility and engenders trust bitcoin regulation in uk. Many in the hearing noted the potential to use bitcoin to fund nefarious activities, but also lauded potential benefits. This enabled bitcoin cash miners to apply new rules to their mining software and expand the currencyâs transaction capacity, among other changes. Bitcoinâs skyrocketing popularity was causing difficulties for the bitcoin mining community, which struggled to keep up with the capacity of transactions. Bitcoin (USD) opens at 8am on Saturday, and is available to trade until 10pm on Friday. I m not convinced that the regulatory authorities are keeping up to speed. Do I need a bitcoin wallet to trade bitcoin markets with IG. European countries are plotting a crackdown on the digital currency bitcoin as its value hits record highs bitcoin regulation in uk. The notice, which was made 3 November but only reported today, said firms activities would be overseen by national competent authorities for those areas.
Cue disagreement within the community about how exactly to solve the scalability problem. You can open your position at the current price, or select your preferred entry point. It s important to remember that bitcoin exchanges are already regulated as money service businesses in the US and that has failed to pour any cold water on bitcoin s incredible growth story.Syscoin.
. When finalised, the Treasury will set out the next steps to transpose the EU legislation, including regulating cryptocurrencies. European Union countries and the United Kingdom are planning to regulate bitcoin and other cryptocurrencies out of concern for theirÂ use for criminal activity like money laundering and tax evasion. With IG you are simply speculating on the price movement of bitcoin ($). , Russia and China, who have all taken steps to crack downÂ on the fast-rising currency in recent months. I would be surprised if the committee doesn t have an inquiry next year. .Steem.
Skycoin to L7S
04-12-2017 · Anti-money laundering regulations should be updated to include Bitcoin and other virtual currencies, the UK Treasury has said. The Metropolitan Police says criminals are using crypto-currency cash machines to launder money in London. The government's aim is part of a broader update to the EU rules
Verge to RICE
The UK is looking to crack down on bitcoin by expanding European Union anti-money-laundering rules that force traders to disclose their identities
Factom to ELITE
UK Treasury is planning tighter regulation of Bitcoin, hoping to prevent the likes of money laundering and terrorism being paid for with cryptocurrency.
Waves to PUPA
04-12-2017 · The UK and other EU governments plan to regulate cryptocurrencies, including bitcoin, amid concerns they are being used for money laundering. New legislation will bring cryptocurrencies in line with anti-money laundering and counter terrorist financing legislation by increasing transparency. The new
MaidSafeCoin to XRA
The UK Government is looking to step up regulation of bitcoin amid concerns criminals are using cryptocurrencies to launder money and avoid taxes. The Treasury wants to regulate bitcoin under European Union anti-money laundering rules, forcing traders in the cryptocurrency to disclose their identities and any suspicious activity. It expects …
Ripple to ETH
All the latest breaking news on bitcoin. Browse The Independent’s complete collection of articles and commentary on bitcoin.
Bancor to LEA
Bitcoin soared in value on Tuesday following the announcement that Peter Thiel’s Founders Fund now own "hundreds of millions of dollars" worth of the cryptocurrency.
IOTA to INV
The UK government is clamping down on cryptocurrency, imposing regulation on the likes of Bitcoin in light of its potential use in terms of money laundering, and indeed tax evasion.
MonaCoin to SMSR
European countries are plotting a crackdown on the digital currency bitcoin as its value hits record highs. European Union countries and the United Kingdom are planning to regulate bitcoin and other cryptocurrencies out of concern for their use for criminal activity like money laundering and tax
Aeternity to NRC
Top 10 Best Bitcoin Trading Brokers for 2017 as Chosen by Top10OnlineBrokers.co.uk
Byteball Bytes to NZC
Find out how much 1 bitcoin is worth in Euros. We also have bitcoin to Euro historical charts and the latest exchange rate.
NAV Coin to BIOS
Any complaints or whistleblowing concerns regarding the CME CF Bitcoin Real Time Index or the CME CF Bitcoin Reference Rate may be submitted to: firstname.lastname@example.org.
bitcoin regulation in uk


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Tom Ford Inks Partnership With Net-A-Porter To Sell RTW Online
American fashion designer Tom Ford has inked a partnership with Net-A-Porter. The luxury e-Commerce will be the first online retailer to carry Tom Ford’s ready-to-wear collections.
Net-A-Porter reports, “Ford‘s women’s collection will debut on its main site next month (July), with men’s following in the fall (September).”
This partnership is similar to Chanel and Net-A-Porter. Back in April, the French house (Chanel) linked up with the site to sell a sort of online pop-up for its jewelry collection.
Are you excited about this partnership?
Photo Credit: Johnny Dufort for Tom Ford


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Several changes to UK team
Aston Chemicals has announced that Tom Hitch has been promoted to the position of European sales and strategy manager, Justyna Pniewska has been promoted to become Polish sales manager, and Julia Bourne has been promoted to the role of supplier and business development manager.
Gemma Forman has also been promoted to the position of sales administration manager.
The Aston Supply Chain team have also been recognised in several promotions – Emma Morrison is now senior supply chain co-ordinator, Scott Chandler is now senior costing supply chain coordinator, Mark Stephenson is now senior sales supply chain coordinator and Jenny Jones is now senior purchasing and inventory coordinator.
Aston has also strengthened its UK team with the addition of Chloe Rose to the Compliance department, Gareth Wynn to the UK Sales team, Damian Kwasniewski to the Polish Sales team, and Anjelika Cox to the UK Sales Administration team.


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Canadian country singer Orville Peck has been named Apple Music's first Up Next artist of 2020.
The enigmatic masked singer, who identifies as queer, is the latest artist to join the Apple Music initiative shining a spotlight on rising talent in the industry.
A press release from Apple Music declared Peck, who released debut album Pony last year, a "modern alt-country artist for the Instagram age" and "a burgeoning fashion and cultural icon who is breaking boundaries in the country music tradition".
In a statement, Peck, whose age and identity remain unknown said he was "thrilled" by the accolade, saying: "[Apple Music] have been so supportive of me and it feels real nice to be able to bring y’all a little closer to who I am as a country musician and an artist."
Apple Music host Matt Wilkinson added: "Orville Peck is an enigma alright: a glorious mix of differing qualities that, on paper, really shouldn’t work,” said Apple Music host Matt Wilkinson.
"Yet when you listen to his music, and hear his story, and watch how he connects with people on stages all over the world, there can be no denying that he’s hit upon something very special indeed.
"At his London show last October I saw stetson-wearing country old-timers stood shoulder-to-shoulder with drag queens, hipsters, indie kids, members of the fashion elite and sweet couples out on date night - all completely connected thanks to the music of one man who says he’s spent his entire life feeling disconnected. The irony of that!"


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Howard Stern has signed a new contract with Sirius/XM to continue to produce and host The Howard Stern Show for the next five years and help develop the satellite operators move into video streaming, the company announced Tuesday.
In a 12-year licensing deal with Stern’s production company, SiriusXM also will develop a new video streaming app that will draw heavily from his career archives of performances and shows. Details of its video plans, which include streaming of The Howard Stern Show, will be announced at a future date, SiriusXM said.
Stern launched his two satellite channels, Howard 100 and Howard 101 after leaving terrestrial radio in 2006. Stern’s daily show will continue in its current format, broadcast live for four hours in the morning with replays available online.
Stern has claimed to have had more than one tempting offer over the past year, should he decide to leave the satcaster. He seemed to be open for anything including Apple, Google, Pandora or Spotify, anything except podcasting.
“If you want to be in radio, forget a podcast,” Stern told his audience earlier this year. “Podcasts are for losers.”
As for Sirius/XM, “I happen to think that its best days are ahead,” Stern said in a statement. “So, if you are not listening to SiriusXM and The Howard Stern Show, then you are really more like a zombie, a rotting corpse monster, living half a life, deadened and blackened inside. It’s as if you were still watching black and white television while shopping in actual stores on your way to the post office to fax a memo.”


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Thursday, 08 September 2016 14:29
When Apple holds a press conference technology news usually grinds to a half, yesterday was no exception.
The biggest story of the day was Apple removing the headphone jack in the new iPhone 7 and iPhone 7 Plus. This seems to be the biggest news story and conversation point as Apple has moved away from a feature that has been featured on every audio device for the past couple decades. Of course you'll be able to buy and adaptor (price not yet set), but when you use the adaptor you'll be tying up your charge port (and carrying around an adaptor).
Oh, did they mention the new AirPods are $159?
Every time a big player like Apple makes a major change people react in funny ways, but I think the headphone jack removal might be one that people have a hard time getting over. Mashable has more on the headphone jack story in an article called "No Apple, removing the headphone jack isn't couragous", which pretty much sums up the general feelings of consumers the day after the announcement.
I've been at or watched every Apple keynote and product launch event since 1998. I was there when they killed the CD drive in the Macbook Air and the 30-pin connector in the iPhone 5. I've witnessed the demise of every Macbook charger.
And I've never heard anything as ridiculous emanate from that stage as I did Wednesday, when marketing chief Phil Schiller explained why the iPhone 7 would not have a standard 3.5mm aux cable input, better known as the headphone jack.
"It comes down to one word," Schiller said. "Courage. The courage to move on and do something better for all of us."
Schiller was thoroughly mocked for those words on Twitter, and rightly so. Courage is marching across the Edmund Pettus bridge in Selma in 1965. Courage is facing down a tank in Tiananmen Square or a machine gun nest on the beaches of Normandy. Courage, by definition, involves doing something that makes you afraid.
And what has Apple done? It has eradicated the most successful, most widespread and best-sounding audio standard in the world in favor of its own proprietary system.


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The service will be available on the Microsoft Lumia 640, plus the newly launched Galaxy S6 and S6 Edge (seen above), with other handsets to follow. According to a post on the company site, wi-fi calling for the iPhone 6 and 6 Plus is also planned, with the iPhone 5s and 5c to follow, with the aim of having these users connected users by summer.
According to EE, one in ten people have one or more rooms in their homes where they have no mobile signal, often a problem exacerbated in rural areas. But by piggybacking on their home or other wi-fi, users can still make calls in their mobile not-spots.
EE's service, which utilises the IP multimedia subsystem framework, was launched at an event in the Churchill War Rooms underneath Whitehall: despite the underground location (and a five foot thick concrete shield above it) it was possible to make phonecalls over a wi-fi connection using the service.
Of course, being able to make calls in without a mobile signal may not be welcomed by everyone - there are already few places where people can escape from a ringing phone and EE's service will reduce them further.
For example, I tested EE's wi-fi calling on the London Underground (Virgin Media provides a wi-fi network on the underground) which made it perfectly possible to make a call while on a train on a platform, although it cut off when the train went into the tunnel and the wi-fi signal dropped.
Mobile operators are competing with a number of popular apps which offer calls from smartphones using voice over IP such as Skype, Apple's Facetime, Viber, and most recently WhatsApp.
EE argues that its service is easier to use than such apps, as it uses the phone's standard dialler and contacts - users don't need to have a special app or ensure their friends are using the same service.
The company said that by summer, five million EE pay monthly customers will have access to the wi-fi calling service, when it will also become available to corporate customers. EE had initially planned to launch the wi-fi calling system last autumn but it was then delayed because of the complexities involved - for example, the service can be used to make an emergency call which is not the case with some other IP-based phone services.
EE is not alone in exploring calls over wi-fi: last month Vodafone also said it plans to launch a similar service in the summer. O2 currently has an app called Tu Go which allows users to make calls over wi-fi, while Three has one called Three InTouch, where calls and texts come from the subscribers monthly price plan or pay-as-you-go credit.


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An illicit pot retail shop and an unlicensed commercial growing operation have been nipped in the bud by city officials since the drug was made recreationally legal nearly a year ago.
Though there have only been two businesses found in violation, a city spokeswoman said they want Calgarians to be vigilant about any other unauthorized retail or grow operations springing up in the city.
tap here to see other videos from our team.
“It comes down to the city needing to learn when those are concerns, and citizens having the knowledge to raise those concerns,” said Brandy MacInnis, senior special projects officer.
She said a colour-coded map of sanctioned cannabis locations on the city’s Calgary.ca website can act as a guide to detecting invalid locations.
Earlier this year, a member of the public notified city officials of a storefront location selling cannabis without two levels of city approval and an Alberta Gaming, Liquor and Cannabis (AGLC) permit.


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BigRep, a large-format 3D printer manufacturer based in Germany, and international engineering firm Bosch Rexroth, have partnered to integrate state-of-art CNC control systems and drives into new additive manufacturing systems.
“Across industries, customers are looking for reliable, controllable and efficient 3D printers in order to manufacture top quality parts,” said Dr. Stephan Beyer, CEO at BigRep.
“As BigRep is the first to integrate CNC-grade control systems in 3D printers, we will re-define Additive Manufacturing. The Rexroth controls are also an excellent platform for providing our 3D printers with full connectivity for existing production and automation systems. This will establish 3D printing as a key Industry 4.0 application.”
Large-format smart factory solutions
Following a materials partnership with BASF, BigRep has further established the ideal conditions for large-scale industrial additive manufacturing as its range of 3D printers will be equipped with full connectivity and data processing capabilities. Bosch Rexroth, who previously redesigned a range of 3D printed servo valves for TRUMPF, will use its expertise in drive and control technologies to enable faster and more cost-efficient additive manufacturing for models, prototypes, tools and end-use products.
This collaboration ultimately intends to create 3D printers for use in smart factories – incorporating IoT and end to end digital monitoring of machines. Thomas Fechner, Director of the Business Unit New Business at Bosch Rexroth explained:
“This partnership demonstrates that Bosch Rexroth is constantly developing sustainable technologies and new factory automation solutions for the Factory of the Future.”
Additive and subtractive combine
In the industrialization of additive manufacturing, a number of developers are keen to combine the technology with more traditional, subtractive techniques.
Earlier this month, at the 2018 International Manufacturing Technology Show (IMTS) in Chicago, 3D Systems and GF Machining Solutions, unveiled the DMP Factory 500, an industrial, automated metal 3D printing system. This system also integrated subtractive manufacturing features, such as Electrical Discharge Machining (EDM) – a process that uses the erosive effect of electrical bursts to shape metals.
Prior to this, Materialise and HCL Technologies entered a new hybrid manufacturing partnership to develop a software platform for the increased production of high-grade metal parts. This platform is targeted towards industries such as healthcare, automotive, aerospace, art and design, and consumer goods industries.
Looking for new talent or seeking a career change? Search and post 3D Printing Jobs for opportunities and new talent across engineering, marketing, sales and more.
Featured image shows 3D printed and metal plated fuel tanks. Photo via BigRep.


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Earlier this month De Beers Group said they successfully completed a pilot run to track 100 high-value diamonds along the value chain using its industry blockchain platform. This is the first time any diamond sale has been digitally tracked from mine to retail.
De Beers said this pilot run of its industry blockchain platform proves that an immutable and secure digital trail can be created for every step in a diamond’s creation to the jeweller.
This new blockchain platform is called Tracr™. It's scheduled to be released sometime later this year, and it will be open to the diamond industry as a whole.
Seeing that every step of the diamond's creation is digitially recorded on the blockchain, it will eliminate any worry by the consumer that it may have anything less than an honorable history.
“The Tracr project team has demonstrated that it can successfully track a diamond through the value chain, providing asset-traceability assurance in a way that was not possible before,” said Bruce Cleaver who serves as CEO for De Beers. “This is a significant breakthrough made achievable by the close engagement of the pilot participants who share our commitment to industry progress and innovation. We look forward to sharing the platform with more partners in the coming months and capturing their insights before ultimately making this technology available to the broader industry.”


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Remember Typo? The Ryan Seacrest-backed company unveiled its first iPhone keyboard attachment earlier this year before BlackBerry sued to block sales. Now, Typo is back with the Typo2, a redesigned physical keyboard for the iPhone 6, iPhone 5s and iPhone 5.
While the original Typo looked like a pretty close copy of BlackBerry’s iconic keyboard, the Typo2 takes inspiration from Apple’s own digital keyboard design. If you’re looking for a physical keyboard that snaps onto your iPhone, this should be a solid choice. Of course, the Typo2 will cover up your phone’s fingerprint sensor, but the company says most customers don’t mind that tradeoff. We’re not so sure about that, at least considering that it’s used for making payments with Apple Pay, unlocking the device, accessing apps and more.
You can order the Typo2 for your iPhone 5/5s today for $79. Pre-orders for an iPhone 6 model start at $99, but have already sold out. Unfortunately there’s no iPhone 6 Plus option, though not from a lack of trying. “We designed one, but the phone is so big, it makes it top heavy,” Typo CEO Laurence Hallier told Re/code.
Moving forward the company says it has plans for another new keyboard design that might work for the iPhone 6 Plus. Hallier adds that an iPad accessory is also on the way and set to launch next year. He wouldn’t offer any specifics for the upcoming product, but did send a few rendered images to Re/code as a teaser, adding, “It’s a completely different take on a keyboard for the iPad.”


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As September has winded up and we are starting fresh with October. We decided to take a look at how this month has been for cryptos. Has it been kind? Has it been harsh? Is it still an on-going rollercoaster? A lot could be said and how crypto has been for separate currencies. For some, it is been smooth sailing while for some, it has been a bumpy ride.
With these collective experiences of good and bad, we are doing a general overview of how the past few months up till September has been.
If you take a closer look, you’ll realize that the crypto has been going all over the place. For investors, it has been considered a hard year. With tears flowing, just like the value of crypto this year, the stream hasn’t been ‘flowy’.
Despite these heart-breaking anxiety-ridden fluctuations, some currencies have had life breathed into them and several traders are anticipating it to have surged on the crypto market.
In this article, we are going to discuss the talk of the town and the emerging celebrities on the crypto-verse!
Unless you’re new to this, you would have heard about a thing or two about TRON in the last month. If you’re into the entertainment industry, you’d know. However, the attention that TRON was able to get wasn’t attention because it performed exceptionally well or its performance has been consisted throughout. But instead, TRX fell 59 percent in value within 90 trading days. At that time, it seemed that the currency won’t be making a comeback. But to our surprise, and many others, several announcements is what their A-game back. The team behind it made the coin enter a bit of a frenzy. In September, they announced that they are looking to release the world first TRON game which s to be fueled by BitGuild.
Stellar has been relevant this month after they gave a glimpse of StellarX exchange. Many analysts are hopeful for its future and have their eyes glued on to it. There is a possibility that the value of it might reach $1 before the end of the year, which is significant in the world of cryptos.
As far as its initial years go; people had higher expectations. The launch was so convincing that people even said things like it might be the next Bitcoin.
However, in September things didn’t go as plan for Ripple their coin took a dip and then again it dipped some more and so on. This was very stressful for the currency and the Ripple team. Fortunately, XRP jumped from its slump and had a rapid gain of 50% in under 24 hours. Critics say that this happened because of Ripple’s new product xRapid, which was released a few days ago.
How do you think September has treated crypto? What are your thoughts? Does it look hopeful for the coming months or is it gonna be a rainy parade? We aren’t completely sure but we would love to hear your insight. Leave a comment below and let us know!


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The Google Goggles app is an image-recognition mobile app that uses visual search technology to identify objects through a mobile device’s camera. Users can take a photo of a physical object, and Google searches and retrieves information about the image.
Google is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation,age, citizenship, marital status, disability, gender identity or Veteran status. Sign in - Google Accounts Google was officially launched in 1998 by Larry Page and Sergey Brin to market Google Search, which has become the most used web-based search engine.Larry Page and Sergey Brin, students at Stanford University in California, developed a search algorithm at first known as "BackRub" in 1996, with the help of Scott Hassan and Alan Steremberg. Jun 25, 2019 · Google Company Culture . Google is a high-energy, fast-paced work environment. While the dress code might be “casual” the company attracts and retains some of the brightest minds in the technology industry. There is a work hard, play hard atmosphere. The Google Mountain View, CA headquarters (aka “the Googleplex”) is a campus-like Stay up to date with Google company news and products. Discover stories about our culture, philosophy, and how Google technology is impacting others.
Jan 20, 2016 · Google was founded by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University, and was formally incorporated as a privately held company on September 4, 1998.
It’s brilliant. Google takes the time to invest in its brand, which indirectly invests in employees, productivity and the company’s bottom line. The brand-building effects all trickle down to the rest of the organization. Now, it would be easy to tell you what your company can do to mirror Google’s actions and success, but it would be
Stay up to date with Google company news and products. Discover stories about our culture, philosophy, and how Google technology is impacting others.
Aug 11, 2015 · Alphabet will be a large company which oversees other companies such as Google. Some of the other companies include life-extension project Calico and a drone delivery venture called Wing.


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* Sees 2012 as difficult yr for French consumer spending
* Eyes 2012 sales growth of 4-5 pct vs 5 pct in 2011
* Eyes 2012 French inflation of 3-3.5 pct, Leclerc to be at least 1 pct point below
* Eyes French market share of around 20 pct by 2015
By Dominique Vidalon and Pascale Denis
PARIS, Dec 2 (Reuters) - French retailer Les Centres E. Leclerc expects its low-prices and growing Internet presence will help boost sales and domestic market share next year even though the outlook is grim for consumer spending.
Privately-owned Leclerc, which claims it is luring more and more cash-strapped shoppers away from listed rival Carrefour (CARR.PA), vowed to keep prices low in 2012 despite inflation and looming tough negotiations with suppliers.
The retailer has vowed to dethrone Carrefour as France’s No 1 mass-market retailer by 2015.
“I expect 2012 to be a very difficult year for consumer spending in France. Spending should hold up until Christmas...From February we are headed for stagnant consumer spending,” Chief Executive Michel-Edouard Leclerc told Reuters in an interview.
Traditional winter sales should still help demand in January, Leclerc said.
Many European retailers are struggling as austerity measures, rising prices and muted wages squeeze disposable incomes, and a euro zone debt crisis is sapping consumer morale.
“At Leclerc, we are not seeing a slowdown because of our focus on prices...When Leclerc is doing well, it’s an indication that consumption is weakening. When consumers are worried, they turn to the cheapest retailers,” he said.
Les Centres E. Leclerc, a cooperative association of retailers, operates 672 stores, including 555 in France. Hypermarkets make up the bulk of its stores, which are also present in Poland, Italy, Spain and Portugal.
Leclerc sees 2012 sales growth of 4-5 percent and a 0.4 percentage-point market-share gain in France.
This would compare with a market share of 17.5 percent and sales growth of 5 percent this year.
Leclerc, which limited price increases in its stores to 2.1 percent this year, sees French inflation in a range of 3-3.5 percent next year.
“We should be at least one (percentage) point below inflation” he said, predicting tough negotiations with suppliers, who in some sectors like sugar are asking for price hikes of as much as 20-24 percent.
When rivals Carrefour and Casino (CASP.PA) saw their French hypermarket sales decline last year, Leclerc’s sales rose 5.1 percent, excluding petrol, to 28.6 billion euros.
Longer-term Leclerc said it hoped to grab a market share of around 20 percent by 2015.
According to market research provider Kantar Worldpanel, Leclerc had a French market share of 17.5 percent in October, right behind Carrefour’s 21.9 percent and ahead of Intermarche’s 13.2 percent and Casino’s 13 percent.
To achieve that goal, Leclerc willl boost Internet sales and diversify its hypermarkets to offer automobile services, beauty shops, DIY, jewellery, over the counter drugs and travel.
Leclerc is also boosting its “Drive” service allowing shoppers to order online and then collect their purchases at distribution points. It has 100 such locations, a number it aims to boost to 400 by 2015. By then, Leclerc will have doubled to 10 percent the contribution of the Drive service to global revenue.
The E. Leclerc association was established in 1949 by Michel Edouard’s father, Edouard Leclerc, who owned and operated a small grocery store in Landernau, Brittany, and decided to organise like-minded retailers across France.
A centralised buying strategy enables Leclerc to negotiate low prices in bulk with suppliers to keep prices of goods low.
An organisational structure where store managers control their financial resources and all members in the association take part in decision making, also give more flexibility than rivals like Carrefour.
Leclerc claims a 4-5 percent price gap with Carrefour, which has been hit by repeated profit warnings. Some analysts have urged Carrefour to engage in a more aggressive price policy to boost market share. [ID:nL5E7MG1WO]
Leclerc said his stores attracted 590,000 new customers this year, with most coming from Carrefour.
Of Carrefour and its woes, Leclerc said: “The problem is that it follows the short-term financial logic of its shareholders that does not give it time to develop nor flexibility to react quickly.”
“It’s a very good company but I fear that it could face a breakup in the future,” he added.
Carrefour’s management has been criticised for pursuing short-term business strategies favoured by its top shareholders
— France’s richest man Bernard Arnault, and U.S. property group — France’s richest man Bernard Arnault, and U.S. property group Colony Capital. If a current plan to revamp Carrefour’s European hypermarkets fails, some analysts see few alternatives left other than a break up of the group. [ID:nL5E7LK4AC] [ID:nL5E7LD0SP]
Leclerc, 59, a comic book fan, sailing and music enthusiast, has repeatedly said his own group would never become a listed company.
(Reporting by Dominique Vidalon. Editing by Jane Merriman)
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A crop shortfall and higher international demand are raising robusta coffee prices while arabica prices, which had fallen in the past few months, are going up again.
An extensive dry spell has affected the sowing of chilli, turmeric, cardamom & pepper, as rains have been weak this season in southern states.
Chilli exports from India are on steroids thanks to increased buying from China, which is struggling to meet its own requirement.
Farm input companies are feeling the pinch of deficient monsoon rains with sales plunging 30%-50% for the season.
Producing more value-added products from coconut will increase the income of the farmers. The Philippines and Sri Lanka have been quite successful in this.
There is intense competition from other remunerative crops. In Malaysia, cultivation of oil palms is on the rise, says Romulo N Arancon.
Despite record cardamom exports and high domestic demand, the inventory has still not been emptied.
Coffee exporters say the second quarter will be worse than the first as far as shipments are concerned.
Indian seafood exports touched Rs 16,500 cr in 2011-12 with Southeast Asia toppling Europe as the largest buyer of Indian marine products.
Natural rubber prices crashed last week on concerns of excess supply and lower demand. While a drop in global prices has made imports attractive.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon


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Richard Reinhardt says they don't have permission to sell his songs
A former member of The Ramones has filed a suit against Apple Inc. and Wal-Mart Stores Inc. for copyright infringement.
Drummer Richard Reinhardt is alleging that the companies did not have permission to sell downloads of six songs that he wrote.
The suit also names the estate of Ramones guitarist Johnny Ramone, Ramones Production Inc., and their music publisher as defendants, reports Reuters.
Reinhardt claims that the music publisher gave improper authorisation to third parties including Apple iTunes and Wal-Mart.com‘s music download service to sell the material.
The songs Reinhardt names in the lawsuit are ‘Smash You’, ‘Somebody Put Something In My Drink’, ‘Human Kind’, ‘I’m Not Jesus, I Know Better Now’ and ‘(You) Can’t Say Anything Nice’.
The suit was filed today (September 21) in the US Federal Court in Manhattan.
–By our Los Angeles staff.


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Rapper Rick Ross was in Memphis this week for the grand opening of his latest area Wingstop location and picked up some more hardware to go with his gold records: the key to the city.
Ross has opened 25 Wingstop locations across the Southeast, five in Memphis. His latest location is on Union Ave in Midtown. That location has been operating since June.
At the grand opening of the Union location this week, Memphis Mayor A C Wharton presented Ross with a symbolic key to the city.
"It’s a huge honor for me and my team to have Mayor Wharton give me the key to the city. In every city we open a Wingstop, it is our goal to make a positive impact. We appreciate his support,” Ross added.


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‘Customer-first’emphasis hits sales and profit at Persimmon
Britain’s most profitable housebuilder said yesterday that its decision to “put customers before volume” had caused a slowdown in sales and profits.
Persimmon, which has faced fierce criticism over the quality of its homes, sold 7,584 in the first half of the year, compared with 8,072 in the same period last year, as it took more time finishing properties before handing them over to customers.
The company is trying to rebuild its reputation after coming under fire for poor-quality work and the payment of excessive directors’ bonuses. The government has indicated that if Persimmon does not improve its standards, it could strip the company of its right to sell Help to Buy properties, which accounted for half of the homes it built last year.


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More than 2,000 companies around the world are using an email security technology developed by Galway-based SpamTitan Technologies.
Part of the company’s winning formula is its focus on developing innovative products adapted to virtualisation, the simultaneous running of several operating systems on a single desktop or server.
“Our 2008 year-end results were exceptionally strong, exceeding revenue goals, increasing sales by 140 per cent over 2007, and remaining profitable for the third straight year, we are looking at a higher rate of growth for 2009,” said Ronan Kavanagh, chief executive of SpamTitan.
“SpamTitan delivers comprehensive e-mail security solutions focused on meeting the demands of small and medium-sized businesses.’’
Number of clients
SpamTitan is a division of CopperFasten Technologies, which was founded in 1999 by the team that largely created the AltaVista Firewall, one of the first commercially available firewalls, for Compaq/HP. The firm has clients in more than 100 countries, ranging from companies with a staff of 20, to internet service providers (ISPs) with several hundred thousand users. The SpamTitan product was launched in 2006.
“CopperFasten provides internet security solutions for the B2B market, and SpamTitan is a software gateway appliance protecting an organisation’s e-mail from malware, viruses and spam,” said Kavanagh.
‘‘It is delivered as a software image that can be stored on a customer’s hardware or as a certified VMware virtual appliance. SpamTitan is one of 10 companies globally to have achieved the VMware Ready certificate, as well as having been awarded several industry accolades.’’
Customers include GMIT, WHB, DCU, DIT, WebIndia, the Department of Health, New Jersey State Parole Board, Nagaoka University of Technology in Japan, and ISS Group in Perth.
SpamTitan works closely with an extensive global partner channel to further strengthen its phenomenal growth. “We are in the process of signing up a Chinese distributor to allow us access to the considerable Chinese market,” says Kavanagh.
One of the major challenges for companies operating in Ireland, according to Kavanagh, is access to funding.
“We are lucky not to require funding for day-to-day expenditure, but access to investment is certainly tighter.”
He said employment incentives for small firms would help boost competitiveness. “Companies like ours have work to offer but are constrained by resources,” Kavanagh said. “If there were incentives to encourage and aid us to employ more staff, we could see people removed from social welfare and returned to employment.”
SpamTitan’s focus for the immediate future is on the release of a new product scheduled for the first week of November, this is a web-filtering solution to complement the e-mail gateway. “We will see this add significantly to revenues into the future,” says Kavanagh.
By John Kennedy
Photo: An email security technology developed by Galway-based SpamTitan Technologies is being used by more than 2,000 companies worldwide.


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iPhone part maker Foxconn might soon have a presence outside of its base in southern China. According to a Reuters report, the company will make a $12 million investment in a plant in Brazil.
Brazilian President Dilma Rousseff told reporters the government is currently mulling a plan proposed by Foxconn. Rousseff is currently visiting Beijing where she met with Chinese President Hu Jintao.
"They're proposing a partnership," she said. "They came to us and said we want to invest in Brazil."
Discussion about a potential partnership has been going on between Brazilian officials and Foxconn for a while now.
"We've been talking to them for three months," Brazil's minister of science and technology Aloizio Mercadente told Reuters. "The negotiations are far from complete but I'm confident."
Reuters said the details in question include "the location of any new facilities, financing, taxes, broadband infrastructure, and logistics, including roads."
Foxconn operates out of Shenzhen, China, where it manufactures parts for many popular Apple products like the iPhone and iPad. But rising labor costs could be causing Foxconn to explore other location options.
In fact, Mercadente said that Foxconn hopes to kick off iPad production in Brazil by the end of November. But will it be a third-generation iPad? Although reports have surfaced that Apple could unveil the iPad 3 as early as this fall, a recent Digitimes report said component aren't buying the rumors.
However, there's been a lot of demand for the iPad 2. Apple introduced the tablet in the U.S. a month ago. Analysts estimate Apple sold nearly half a million units in that first weekend when wait time for the device soared to five weeks. The iPad 2 hit shelves in 25 additional countries on March 25, and it's reportedly already sold out overseas.
So far, the reported numbers are just speculation. Digitimes estimates Apple sold about 2.6 million iPad 2s in March, but the official numbers aren't likely to be divulged until Apple reports sales data on April 20 in its Q2 earnings call.
As for Foxconn, the company has thus far been silent about the rumors.


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Houston food company moves corporate headquarters to Austin
My Fit Foods — a prepackaged healthy food retailer — has moved its corporate headquarters to Austin from Houston with plans to expand its staff and market share.
Founded by Mario Mendias, a former personal trainer, in Houston in 2006, My Fit Foods likely will go head-to-head with Austin-based Snap Kitchen for attracting customers who want fresh meals at a moment’s notice.
Like Snap Kitchen, My Fit Foods emphasizes fresh, nutritious portion-controlled foods, many that are gluten-free.
The new My Fit Foods headquarters is located at 5000 Plaza on the Lake near the Pennybacker Bridge on Loop 360. The company leased 8,683 square feet and currently has about 30 full time employees at the corporate office. More Austin employees are based at the company’s 13 Austin area stores, seven of which are located in HEB grocery stores.
The company recently recruited national talent for executive positions, including Harry Reo as chief operating officer. Reo is the former vice president of sales and membership for 24 Hour Fitness, who moved to Austin from San Francisco.
Lee Evans, a former senior vice president of finance and accounting at Raising Cane’s restaurants in Dallas, is the company’s new chief financial officer.
Other new executives are Fred Raynaud — a chef with resort experience and oversight at the two Obama Presidential inaugurals — who has been named vice president of culinary operations. Miranda Pulliam, a former purchasing executive at Applebees and Logan’s Roadhouse, has been named chief supply chain officer. Phil Crawford, a former technology professional at Yard House Restaurants, is the new chief information officer.
Jan Buchholz covers commercial and residential real estate, construction and architecture and retail and restaurants for the Austin Business Journal.
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Horse DNA has been found in some beef burgers being sold in UK and Irish supermarkets, the Republic of Ireland's food safety authority (FSAI) has said.
The FSAI said the meat came from two processing plants in Ireland, Liffey Meats and Silvercrest Foods, and the Dalepak Hambleton plant in Yorkshire.
It said they posed no health risk.
The burgers were on sale in Tesco and Iceland in the UK and Ireland. In the Republic of Ireland they were on sale in Dunnes Stores, Lidl, and Aldi.
Retailers have said they are now removing all implicated batches of the burgers.
A total of 27 products were analysed, with 10 of them containing horse DNA and 23 containing pig DNA.
Horsemeat accounted for approximately 29% of the meat content in one sample from Tesco.
In addition, 31 beef meal products, including cottage pie, beef curry pie and lasagne, were analysed, of which 21 tested positive for pig DNA.
The chief executive of the FSAI, Professor Alan Reilly, said that while the findings posed no risk to public health, they did raise some concerns.
"Whilst, there is a plausible explanation for the presence of pig DNA in these products due to the fact that meat from different animals is processed in the same meat plants, there is no clear explanation at this time for the presence of horse DNA in products emanating from meat plants that do not use horsemeat in their production process," he said.
"In Ireland, it is not in our culture to eat horsemeat and therefore, we do not expect to find it in a burger," Professor Reilly added.
"Likewise, for some religious groups or people who abstain from eating pig meat, the presence of traces of pig DNA is unacceptable."
Tesco's group technical director, Tim Smith, said his company was informed of the test results by the FSAI on Tuesday and they "immediately withdrew from sale all products from the supplier in question".
In Tesco's case, two frozen beef burger products - sold in both the UK and Ireland - were found to contain horse DNA.
In a statement, Mr Smith said: "The safety and quality of our food is of the highest importance to Tesco. We will not tolerate any compromise in the quality of the food we sell. The presence of illegal meat in our products is extremely serious."
He added that Tesco was "working with the authorities in Ireland and the UK, and with the supplier concerned, to urgently understand how this has happened and how to ensure it does not happen again".
"We will not take any products from this site until the conclusion and satisfactory resolution of an investigation," the statement said.


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Although a successor of the Samsung Galaxy S2 was announced months ago, the name of this mobile phone has been as mysterious as the phone itself.
After the Samsung Galaxy S and Samsung Galaxy S II, the Samsung Galaxy S III looks like the logical choice. But in the ad campaign towards the May 3rd Samsung Mobile Unpacked event, Samsung was talking about “The Next Galaxy”.
During a recent press conference Samsung finally mentioned the Samsung Galaxy S3.
Samsung Galaxy S3 or Samsung Galaxy S III
During the call the device came up a number of times. But as we would expect Samsung dodged using the Samsung Galaxy S3 name by stating things as:
We expect the phone to be the company’s most successful smartphone ever.
But, when Samsung senior vice president Robert Yi answered a question about the marketing strategy for the upcoming smartphone, Robert Yi finally mentioned the Galaxy S3:
We are anticipating very strong demand and the Galaxy S3 might see a global launch
In the last few weeks, we already had various indications that Samsung would name its device the Samsung Galaxy S3, but now that we have heard a Samsung senior vice president mention the name, we can be sure that “The Next Galaxy” is the Samsung Galaxy S3.
There is only one thing we don’t know for sure, will the phone be spelled as the Samsung Galaxy S3 or Samsung Galaxy S III? I guess we will find out on May 3rd!


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As the number of their rides to the airport decreased step by step and stopped completely, Ngo Van Hai, a Grab driver, finally decided to give up the job.
“2020 was a terrible year,” he said.
He had been working as a Grab partner for two years before he quit the job. He mostly received and picked up international travelers at the airport. Ride-hailing was once a good job which brought a stable income after he left a construction company.
However, everything changed because of Covid-19. The sharp fall in the number of clients caused his income to drop by 50 percent. During the social distancing period, the temporary suspension of traditional taxi and e-hailing services pushed most drivers to the wall.
“Sometimes I could not earn any dong during a whole week. I needed money to pay debts,” he said. He decided to sell the car.
Tran Van Hien from Thanh Xuan district said at first he could earn VND20 million as a Grab driver. But the income began decreasing one year later.
As the income was not high enough to pay bank debt, he sold the car at a loss of VND100 million.
Hien affirmed that many other ride-hailing drivers are facing the same problem. They borrowed money from banks to buy cars and now have to sell the cars because the income is too modest.
According to Nguyen Hoai Nhan, a driver from Thai Binh, the income from his job was high enough to feed his family. But now he receives 2-3 orders a day and earns about VND50,000 a day, which is not enough to pay room rent.
“If the pandemic continues, I will have to give up the job,” he said.
Ride-hailing firms are also facing difficulties. Grab’s founder and CEO Anthony Tan said Covid-19 has posed great challenges for the largest ride-hailing startup in Southeast Asia. The firm has had to made difficult decisions on cost cutting and capital management.
|Ride-hailing drivers throughout the year 2020 were hit hard by the effects of the pandemic, which led to a sharp fall in clients at the beginning of the year, and by the new policy on required higher discount rate.|
“Covid-19 is the largest crisis affecting Grab in its history of eight years of operation,” the CEO wrote in a message to investors and partners.
The crisis has had an unprecedented impact on the company’s business and partners.
Ride-hailing firms had to suspend operation as requested during the lockdown earlier this year. Car drivers had to stop working temporarily, while motorbike drivers shifted to delivering goods and providing shopping services to earn a living.
The high unemployment rate explains the rapid increase in the number of ride-hailing drivers. Meanwhile, consumers are tightening their purse strings, which affected drivers’ incomes and led to a high proportion of drivers leaving the market.
Meanwhile, Decision 146 has put an end to the program on the application of technology in managing and connecting electronic contract-based passenger transportation, paving the way for ride-hailing firms extending their services nationwide.
Since April 1, ride-hailing services have been covered by the newly issued Decree 10.
Under the new regulations, traditional taxis and ride-hailing apps have the right to choose either to mount a light box with the word ‘TAXI’ or a reflective light logo instead of the only choice of a light box.
As a new type of business, ride-hailing apps once raised controversy. Traditional taxi firms complained they were unfairly treated and accused ride-hailing apps of evading tax.
In Hanoi, the number of traditional taxis was fixed at 19,000 and they were prohibited to circulate on some streets in rush hours. Meanwhile, ride hailing cars could travel on all streets.
While ride hailing drivers were complaining this year about the sharp fall in number of passengers, they received another blow in the last month of the year: Grab changed the policy on required discount. The firm cited the new policy on VAT by the government in Decree 126.
Grab has several times changed its policy on discount rate since it arrived in Vietnam. With the latest adjustment, the required discount rate has become very high for partner-drivers, which prompted them to go on strike.
The board of directors of Grab had an online dialogue with partners on the implementation of the Decree 126. The dialogue ended with disappointment for drivers as Grab stated the changes in the policy on discount rate would be implemented.
Meanwhile, the General Department of Taxation affirmed that the new decree only guides tax declaration and payment, but it doesn’t change the tax rate.
Nguyen Xuan Thuy from the Ministry of Transport said the sharing economy means mobilizing idle instruments and assets for production and business, thus improving the efficiency of usage of resources.
However, Grab doesn’t just use idle instruments to make money. Agreeing with Thuy, Pham Xuan Hoe from SBV also said Grab is a variation of the sharing economy.
New tax policy for ride-hailing services sets off storm
Earlier this month the Government’s amendment of tax regulations for ride-hailing services, which increases the tax they actually pay, was a topic of hot debate in the media.
E-hailing drivers disillusioned as income falls
Ride-hailing drivers have seen their incomes fall dramatically because of policy changes.


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While regular chocoholics are spending their nickels and dimes on such treats as Kit Kats and Crunch bars, one global leader that specializes in such treats is looking at a new market to make a little extra: high-end, customized chocolates.
Bloomberg Businessweek reports that the Swiss-based Nestlé started inviting “Internet shoppers in Switzerland and Liechtenstein (to) order a taster pack from the Nestlé-owned Maison Cailler line of luxury Swiss chocolates” in January.
Once the consumer has a taste of the different “Ecuador-sourced chocolate(s)” inside, they can figure out their “chocolate personality,” allowing them to order boxes with the fillings they desire. Chocolate filling choices include peppercorn (yes, peppercorn), vanilla, raspberry, and verbena.
With sixteen pieces of personalized Maison Cailler chocolates costing about $30, can the concept — however delicious — work in these tough times? Mais oui, argues Nestlé.[more]
“It may sound counterintuitive, but what’s happening in the [global financial] crisis is a quest by consumers for value, for more-affordable product, but also for products that overtake their expectations,” said Laurent Freixe, head of Nestlé’s European business about the Maison Cailler brand, which has been around since 1819.
Nestle used the same strategy to build the luxury home-coffee market when it sold its Nespresso capsule in two countries in 1986. That’s now a $3.3 billion brand, Businessweek reports. (We all should be so lucky.) More details on Nestlé’s Maison Cailler brand strategy below:


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Las Vegas - RIM's approach to applications for the new BlackBerry PlayBook tablet may look like a crazy hodgepodge, but the man heading up BlackBerry’s developer programs says there is method to RIM’s madness.
That's the word from Tyler Lessard at last week's Mobile Connections event here.
Connected Planet's Kevin Fitchard spoke with Lessard. You can read Kevin's full analysis here:RIM: PlayBook app strategy may look schizophrenic, but there's a bigger plan at work
On its multi-platform, multi-tool development strategy for the tablet, which initially enables native QNX, Android, Java, Adobe AIR and HTML5 apps to run on the tablet:
“We believe that’s the strategy that will give us the broadest array of developers possible,” Lessard said. And according to him that strategy is already working: “We have thousands of apps at launch because we’re supporting these different platforms.”The multi-platform strength of QNX:
The pros and cons of HTML5, according to Lessard:
HTML5 solves the issue of cross-platform development not just for Android but for the entire industry, Lessard said. By leveraging the common element of every smartphone, tablet and PC—the HTML browser—an enterprise with limited resources to devote to mobile can build an app once and distribute to all of their employees regardless of what tablets or smartphones they use. There just isn’t that kind of flexibility today, Lessard said.
Lessard also said he disagrees that an HTML5 app can’t be robust—developers can always take a combined approach, designing the app and its user interface in HTML5 while using native code to build its key functions. But he does acknowledge the platform has its limitations. “Different platforms have different trade-offs,” he said.
The Playbook app store play:
While RIM is greatly expanding the platform options available to developers, it’s taking the opposite approach with app distribution. BlackBerry Playbook customers have one choice, BlackBerry App World. RIM is taking a much stricter approach to how apps are disseminated and Lessard said he doesn’t anticipate that policy changing anytime soon.


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How to make a gold Rolex look cheap! Kim Kardashian teams her expensive watch with gaudy bling
They cost anything from $20,000 to $100,000.
But KIm Kardashian managed to make her gold Rolex look cheap as she filmed her reality show in Miami on Tuesday.
The brunette matched the expensive timepiece with a pair of chunky gold bracelets by the designer Celine.
But the effect was overkill, with the three statement pieces clashing for attention.
Making her gold Rolex look cheap! Kim Kardashian teamed the expensive gold watch with some major bling in the form of Celine bangles as she filmed her reality show on Monday
Boasting about her bling: Kim tweeted 'Gold rush!'
Not that Kim minded, obviously feeling that more was, well, more.
She tweeted 'Gold Rush', showing off another piece of her bling - a solid Gold backed iPhone.
Kim isn't even a user of Apple's technology, preferring instead her trusty Blackberry which also featured in the shot.
But she obviously couldn't resist the
shiny one-off, which was perhaps a gift - she was first spotted with it
as she returned from her whirlwind trip to Bahrain.
Spoilt: along with her gold Rolex and Celine bracelets, Kim also has a gold iPhone
The 32-year-old teamed her ostentatious gold watch with a Givenchy shirt and Christian Louboutin Shoes.
In a nod to her rather lower-end fashion range she also donned a pair of leggings from the Kardashian Kollection, which she and her sisters put their names to.
Busy Kim is also promoting the range. which is sold at Sears in the U.S., although she generally prefers designer clothes for herself.
Kim has just returned to the States from her visit to the Gulf Kingdom of Bahrain, which she appears to feel was a huge success.
Strike a pose: Kim admires herself in the mirror before heading out
Her own range: While much of Kim's clothing was designer, her leggings were from her lower-end range the Kardashian Kollection, sold at budget store Sears
But while Kim opened a new milkshake store and petted camels, protestors campaigning for human rights are alleging that they have been tortured.
In a recent court case doctors who had treated wounded protestors claimed they had been imprisoned and tortured as a result.
And during Kim's visit 50 hardline Islamists who gathered to show their displeasure at her presence were dispersed with tear gas.
According to the Washington Post Kim's visit to the Middle Eastern island nation did some good, however, by focusing international attention on the human rights abuses there.
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Mangan, who helped define so-called Mod Oz food and European-Asian fusion, fell into cooking after being booted out of school at 15 for throwing paper at a teacher.
But now the celebrity chef behind the citadel of Sydney restaurant cool is taking his talents internationally with a Salt restaurant in central Tokyo.
"The decor and food will reflect the best of Australia such as our beautiful sunsets and wave-like curves," Mangan said about his new restaurant.
Mangan, 36, learned French technique under Michel Roux at the three Michelin star Waterside Inn in Berkshire, England, but built his A$8 million restaurant (R48 million ) chain after starting as head Chef of the trendy Hotel CBD in Sydney in 1996. In 2003, he opened Moorish Restaurant and Bar at the northern end of Bondi Beach, blending Spanish and North African styles. Two years later, he opened Glass with a three-story wine cellar at Sydney's Hilton.
Cookbooks and television slots followed, along with columns in major newspapers in Sydney and Melbourne, which is fighting a rearguard action to become Australia's food capital. And then there are car and fashion endorsements, and 10 days in the Caribbean with Branson to advise on a Virgin Airlines menu. He also cooked for the Danish royal wedding.
"I'm a pretty simple guy, I rock around in a pair of jeans and a ripped shirt and go to the pub and order a steak with chips and tomato sauce. I don't think there's any pretence about me," Mangan said recently.
Mangan's restaurants aim to mix simplicity with style in a blend he describes as "friendly but not stuffy". I think that's what Australian cuisine and service is all about. It has a bit of cheekiness to it and friendliness, and I hope the Japanese will understand," he told Australian media.
"The Tokyo-based Salt will have eight Australian chefs in the kitchen out of a total of 15. I'd like to have at least five Japanese chefs, and possibly another two Aussies," Mangan said. Mangan also wants to open restaurants in the US including Hawaii and New York, as well as Singapore.


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No corner of grain-based foods or agribusiness has gone untouched by acquisitions and mergers in recent years. Yet when measured against the many history-making business combinations that have been completed, the Bunge Ltd. acquisition of Cereol S.A. stands out as extraordinary, according to Alberto Weisser, Bunge chairman and chief executive officer.In addition to the complementary product lines and the striking geographic alignment of the two companies’ worldwide assets, Weisser said the oilseed processing industry is one in which it is uniquely beneficial for a company to hold the leading global position as Bunge now does. The acquisition of Cereol has made Bunge the largest oilseed processor in the world with major operations in North America, South America and all across Europe. Even as the company maintains a strong position in wheat and maize milling, the Cereol acquisition has underscored Bunge’s primary focus on soy processing.
According to Weisser, soybeans offer a global processing company something that maize and wheat do not — a consistent opportunity for significant growth. While world trade and use of wheat and coarse grains have been edging up only modestly from year to year (wheat trade actually has been stagnant), world soybean demand has grown at a compound annual rate of 4.5%. "It is expected that population growth and rising incomes in the developing world will sustain this trend," Bunge said in its 2001 annual report.
In addition, soybeans have steadily gained appreciation for their potential benefits to human nutrition.
Plans for the acquisition of Cereol were first announced in July, and Bunge purchased a 55% controlling stake from Edison S.p.A. earlier in October. Bunge announced it will tender for the remaining shares of Cereol, which are publicly held. All told, Bunge will spend about U.S.$800 million on the transaction.
World Grain’s sister publication, Milling & Baking News, recently discussed the future of Bunge in an interview with Weisser and Carl Hausmann, who until the acquisition was chairman and c.e.o. of Paris-based Cereol. Hausmann has been named president of Bunge Europe after the acquisition. The interview was conducted at Bunge headquarters in White Plains, N.Y.
A PRIME MATCH
Consolidation frequently is driven by a desire to boost efficiency, but Weisser said the efficiency benefits of the Cereol acquisition are uniquely compelling. "If you look at a map of our business locations, it looks like the pieces of a jigsaw puzzle waiting to be put together," he said. "Our business is a commodity-type business, which in the end requires skill and efficiency. The European business of Cereol imports 4 million tonnes of soybeans per year. We will now be able to handle all of this business through our own origination and storage in our silos in North and South America. Transportation will be handled through our logistics system."
Weisser said Bunge has had its eye on Cereol as an acquisition target for five years, but the genesis of this transaction may trace back even further. "In 1993, Bunge’s shareholders decided to hire professional managers, and I joined as part of this process," he said. "From 1993 until 1998, we basically restructured, selling assets that were not part of our core business."
The key divestitures were consumer product businesses in Argentina, Australia and Venezuela. Last year the company sold Plus Vita Ltda., a baking and other consumer food business in Brazil, to Grupo Bimbo S.A. de C.V. Even after the Cereol move, Bunge’s business extends well beyond oilseed crushing. In South America, the company remains the largest flour miller, and Bunge is also the largest dry corn miller in the world. In fertilizer, Bunge is the largest company in South America, with annual sales of U.S.$1.3 billion.
Bunge Global Markets operates in 20 countries. It was established in 1999 to merchandise agricultural commodities to destination markets globally.
But even the latter business has been shaped with a tilt toward oilseeds. The company is the world’s largest exporter of soy products to Asia and Europe. In the United States, Bunge exited the mainline grain storage business in the 1980s and acquired a number of storage assets along the southern Mississippi river, including the Great River Grain Corp. in 1991. The shift positioned the company well for soybean handling with more storage capacity along the Mississippi river than any other grain company.
More than other agricultural commodities, a global position in oilseeds handling and processing is particularly valuable, Weisser said. "The main reason it is more important to be global in soybeans as opposed to wheat or corn is that 83% of the world soybean crop is produced in the Americas," he said. "But the largest market in the world measured by consumption is in Europe.
"The second largest is the United States and the third largest is Asia. Europe and Asia do not have the agricultural land resources to raise soybeans. And the soybean is the best oilseed for use as a feed ingredient because you get 48% to 50% protein extracted from the seed. Nothing is comparable to that, which is why the soybean is so powerful and needs to be global."
While acknowledging the cyclicality of the oilseed crushing business, Weisser noted that the industry’s cycles are lengthy. He remains optimistic about prospects for crushing margins over the next several years. "We just started a new up cycle, and we believe this cycle will last," he said. "The previous down cycle from overcapacity ended in 1987. We expect it to last because of the long lead time needed to build new capacity and because of the increasing importance of scale. Plants are becoming larger and larger and therefore more expensive. Larger plants are linked to an integrated business model that reaches from the farm to the customer."
Weisser noted that current capacity utilization in the industry is extremely high. Expanding demand for soybean products will necessitate the construction of four plants per year (or equivalent expansion of existing capacity) over the next five years, he said. "We believe expansion is occurring in a disciplined manner and will not be disruptive to margins," he said.
Customers will benefit from Bunge’s greater efficiency but also from its dramatically increased geographic coverage, Weisser said of the Cereol acquisition. While Bunge has been well positioned to serve customers from the western Corn Belt, its assets were not as well placed to serve customers in the East. The exact reverse could have been said about Cereol’s U.S. business, Central Soya. In addition to its refineries and crushing facilities along the U.S. Eastern seaboard, Cereol also is the largest processor of canola in Canada through its CanAmera business. "Cereol provides a better footprint of plants from which to service our customers," Weisser said.
These benefits were emphasized by Hausmann. "At Central Soya we were satisfied to a certain degree with our market position, particularly our coverage of the Eastern seaboard, but we had customers like the largest quick-service restaurants or donut chains that wanted national coverage," Hausmann said. "Now, with this combination, we have refineries and packaging plants that give us good national coverage. And we will be able to refine 100% of our own crude oil."
From a business balance perspective, Weisser said that Cereol will increase the proportion of annual Bunge revenues derived from domestic businesses rather than exports. In addition to providing greater stability for the company’s earnings base, it will create outlets for Bunge’s South American export capacity.
Enormous fundamental differences exist on the demand side for edible oil between the United States and Europe, Weisser noted. In Europe, Cereol sells a mind-boggling 1 billion bottles of cooking oil per year, a vast volume that almost certainly will never be matched in the United States, where most oil is shipped as shortening to food service companies and food manufacturers. "The large market in the United States is for shortening rather than the oils," Weisser said. "Food service and processing industries purchase 92% of the packaged oils in the U.S. Only 8% moves into retail channels as bottled oils."
Hausmann cited a number of factors that explain the difference, including the more widespread presence of quick-service restaurants in the United States than in Europe. "People in Europe make their own mayonnaise with oil, they cut their own potatoes to make French fries," he said. "Almost no one uses a prepared salad dressing there. People use vinegar and oil. People in Europe cook much more, and they don’t have the proliferation of McDonald’s restaurants. The restaurateurs buy what oil they need in bottles from club-type stores."
Several other aspects of the Cereol business made the company attractive to Bunge, Weisser said. Cereol is the largest soybean meal producer in Spain, a country with rapid growth in the livestock business. The company has a similar presence in Eastern Europe, Weisser said. "Eastern Europe formerly was the breadbasket of Europe before declining under the Communists," he said. "As the economics of this region improve, we see potential growth not only for livestock production, but also consumption of vegetable oil. And there will be growth in agricultural production.
"Yields are going to go up and grain is again being exported from Eastern Europe. It won’t happen overnight, but we believe that there will be superior growth in this market over time."
As exports from Eastern Europe grow, Bunge will be well positioned to participate through Bunge Global Markets, Hausmann said. "Not only will Bunge be buying local oilseeds for production of oil to sell to local consumers, but Bunge looks to be more active in grain origination in general and also for the export market."
Commenting on the Cereol operations in Eastern Europe, Hausmann said the refining plants currently are as technologically advanced as those in Western Europe, though smaller in scale. While the overall infrastructure in Eastern Europe is clearly inferior to Western Europe, he declared, "Cereol feels very comfortable with our infrastructure. South America has the same problem, so Bunge has the experience it needs to navigate this market."
These differences aside, Bunge and Cereol are highly complementary, something that will facilitate integration, Weisser said. "Now that we have been able to plan the integration, I’ve been excited to see how the cultures are so similar," he said.
Restructuring to excel
Central Soya will fold into Bunge North America, as will the Canadian Cereol business, Weisser said. John E. Klein is president and c.e.o. of Bunge North America. As part of the integration, the name Central Soya will be replaced by the Bunge North America name.
Since it began restructuring in the 1990s, Bunge has made a determined effort to project a consistent corporate image worldwide, adopting the Bunge name, logo and matching — to an extent — the color scheme of office designs. For instance, in the United States, Lauhoff Grain Co. has been renamed Bunge Milling, Inc.
Bunge moved its headquarters to White Plains in 1999 from Sao Paulo, and the company is just now putting finishing touches on its headquarters. Though spacious and handsome, the facilities are not as large as one perhaps might guess for a diversified U.S.$11-billion agribusiness giant that has operated over three different centuries. "Our style, which we think contributes to our competitive advantage, is of decentralized organization with an entrepreneurial spirit," Weisser said. "I think our headquarters here is very small. Obviously, this works very well with a shared strategy, and helps give us the advantage of being fast to take advantage of opportunities as they occur."
A focus on soybeans means a focus on fat, and Weisser noted that the importance of fat in the diet and as a food ingredient has frequently been overlooked or disparaged by a public and media that often look at nutritional issues simplistically or myopically. Asked about the negative publicity surrounding trans fats, Hausmann noted that less than 20 years ago, the outcry against tropical oils was similar. Views have changed since then. "Nutrition experts are not saying tropical oils are bad for your health any more," he said. "It’s the quantity that you consume. If you use tropical oils, you get rid of the trans fat completely. But no one wants to put tropical oil in their products in the United States. It’s a question of what you want to see on your label."
Both Bunge and Cereol have devoted considerable resources to research and development. In September, Bunge held an open house at its Oil Center of Excellence, a new shortening and oil research center at Bradley, Illinois, U.S. The facility will centralize the company’s global research in shortenings, oils and other value-added grain processes.
Even within research and development, Hausmann noted a strong complementary relationship between the two companies. "Central Soya has made the largest commitment to the R&D side on protein, and we have laboratories that can build on this research," he said. "We will have the ability to better use our research facilities."
Benefits from the merger should accrue to customers of existing soy protein products such as concentrates and isolates, Weisser said. The two products have similar but not identical qualities and functionality, he noted. While Bunge is well positioned in isolates, Central Soya only produced concentrates. Both products are used primarily by the meat industry to improve shelf stability, but more recently concentrates have attracted considerable demand from the nutritional bar industry. "The ability to offer customers a complete array of soy protein products together with our increased geographic presence will be of great advantage to them," Weisser said.
Looking ahead to further opportunities for expansion, Weisser said Asia holds out considerable promise. While finding meaningful ways to build a presence in China has been challenging, Weisser cited considerable opportunity elsewhere. "We will expand in India," he said.


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Sony Preparing "About 40" Games For PS3 Network
When it comes to online services for consoles, Xbox Live has thus far been the class of the field. There have been plenty of issues regarding the new service from Microsoft, but overall, the competition from Sony was never stiff enough with the PS2. This time around, however, Sony plans to rise to the occasion.
Sony President of Worldwide Studios Phil Harrison stated that one of the first steps is to solidify some games for the PS3 Network. The Xbox Live Arcade has been quite successful since its inception, and Microsoft's X06 show last month unveiled plenty of upcoming Arcade titles. Well, Harrison says they're funneling money to develop "about 40 games" for the PS3 Network to provide some of that previously missing "stiff competition."
Based on his comments, it sounds like he's referring to 40 original titles, rather than 40 PS1 games that will eventually become playable on the PS3. It also doesn't seem like he's referring to potential third-party titles for the Network (like Konami, who has produced several Live Arcade titles already). No, "funneling money into 40 games" sounds like...well, 40 new games.
At the same time, Harrison has criticized the old-school - and thus, old-fashioned - 2D games on Live Arcade. He's not interested in keeping the games "old-school," evidently, but he is interested in "pushing the 3D capabilities of the PS3.
Lastly, the Sony pres was quick to point out one big difference between the PS3 and Xbox 360 that greatly impacts online Arcade titles: the hard drive is bundled in every PS3, which means developers aren't restricted by the 50MB file limitation that XBL Arcade titles are forced to abide by. Of course, this being said, Microsoft just might find a way to break that rule to keep pace...
Either way, Sony is clearly taking the PS3 Network very seriously, and don't intend to simply let Microsoft run away with another easy online victory in the next generation.
11/2/2006 Ben Dutka


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Is Bitcoin Mining Illegal
LegalNo particular laws on bitcoins or cryptocurrency exists in North Macedonia. The Swedish jurisdiction is normally quite favorable for bitcoin businesses and customers as in comparison with other countries throughout the EU and the remainder of the world. The governmental regulatory and supervisory body Swedish Financial Supervisory Authority (Finansinspektionen) have legitimized the quick growing industry by publicly proclaiming bitcoin and other digital currencies as a way Silver as an investment of payment. For certain companies interacting with fiat (primarily exchanges) the current regulation dictates that an application for approval/license should be filed and all the AML/CTF and KYC rules applicable to extra conventional financial service suppliers have to be followed. In response to the parliament postulates, the Swiss Federal Council issued a report on virtual currencies in June 2014.
When bitcoin is exchanged for sterling or for foreign currency exchange, such as euro or dollar, no VAT will be due on the worth of the bitcoins themselves. However, in all situations, VAT might be due within the regular way from suppliers of any goods or companies sold in trade for bitcoin or other related cryptocurrency. Profits and losses on cryptocurrencies are subject to capital positive aspects tax.
How does BUX app work?
Practically, this means banks will have to stop deposits and withdrawals to and from Indian rupee on crypto currency exchanges. This news spread widely and was seen as a “ban on bitcoin”. Apart from this, the RBI has issued several warnings about scams and risks related to crypto currencies.
It was created as a new foreign money on 3rd January 2009 by an individual going by the alias Satoshi Nakamoto. Bitcoin has been created as a “peer-to-peer” network eliminating any intermediaries in between and the bitcoin transactions are verified through the use of cryptography by community nodes. The record of all bitcoin transactions is saved in a “blockchain” which is a publicly distributed ledger for bitcoin transactions. “On the use of “digital currencies” in transactions, in particular, Bitcoin”.
Bitcoin Crash Course
The blockchain know-how by which public ledger of bitcoin transactions are maintained is impressive and has the potential to strengthen the digital financial system. Many nations have utterly banned cryptocurrencies together with bitcoins yet they have very nicely tailored and utilized the blockchain expertise for his or her digital transactions. India has not expressly declared bitcoins to be unlawful and haven’t made any legislation to manage Bitcoin transactions, subsequently, bitcoin mining and other activities are nonetheless being undertaken in India though at a very small scale.
As of November 2016, bitcoins are “not illegal” according to the Federal Tax Service of Russia. Deputy Finance Minister of the Russian Federation Alexei Moiseev said in September 2017 it’s “in all probability illegal” to just https://cryptolisting.org/coin/zec accept cryptocurrency payments. However, bitcoin market sites are blocked, and court choices state that bitcoin is a currency surrogate which is outlawed in the territory of the Russian Federation.
Up to 1 Jan In 2023, the Decree excludes revenue and earnings from operations with tokens from the taxable base. In relation to people, the acquisition and sale of tokens isn’t considered entrepreneurial exercise, and the tokens themselves and earnings from transactions with them usually are not topic to declaration. The peculiarity of the launched regulation is that all operations should be carried out through the resident corporations of the High Technology Park. Such activities are not regulated and supervised by the National Bank of Slovakia or the European Central Bank. At the identical time NBS factors out that any legal particular person or pure particular person in the Slovak Republic shall not concern any notes or any other coins.
Legality of bitcoin by country or territory
Bitcoin is classified as intangible asset (not as electronic money) for the purpose of accounting and taxes. Not thought of to be an official form of forex, earnings are topic to tax regulation. In April 2019, the MAS referred to bitcoin as a digital cost token for functions of the Payment Services Act.
Buxcoin is a hybrid coin based on each Proof-of-Work and Proof-of-Stake mechanisms. It provides a platform for mining and staking, but its major focus is on the final option as a result of the mining course of is rather risky. Launched on 12/01/2019 by a group based mostly in Estonia, Buxcoin claims to be a decentralized, peer to see cryptocurrency that runs on a private blockchain. Bux supplies a seamless expertise of sending and receiving cash globally, harnessing the facility of the blockchain, a decentralized peer-to-peer network. By turning into a part of the quick-rising community of Buxcoins, customers and retailers can transact reliably, securely, instantly and cost-effectively, utilizing our revolutionary and progressive digital cash.
The South African Revenue Service categorised bitcoin as an intangible asset. As of 17 January 2017, The Central Bank of Nigeria (CBN) has passed a round to inform all Nigerian banks that financial institution transactions in bitcoin and other digital currencies have been banned in Nigeria. Bitcoin is pioneering an age of decentralised cash however governments and central banks still https://blockchaincasinos.online/ maintain regulatory power over most Bitcoin and cryptocurrency exchanges. In recent years, Indian exchanges have been experiencing this affect, largely in a unfavorable method. If you read the RBI round, they have never used the phrases “ban” pertaining to bitcoins.
Purchases of goods with bitcoin or conversion of bitcoin into legal foreign money “realizes” the worth and any increase in price shall be taxable; nevertheless, losses usually are not tax-deductible. The Estonian Ministry of Finance have concluded that there isn’t any legal obstacles to use bitcoin-like crypto currencies as cost method.
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Bitcoins allow buying of goods and services online, as well as transferring money. Bitcoin is digital and decentralized – With Bitcoin people get the liberty to exchange value without intermediaries which translate to greater control of funds and lower fees. It’s faster, cheaper, more secure and immutable.
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In September 2017 the Bank of Namibia issued a position paper on virtual currencies entitled whereby it declared cryptocurrency exchanges usually are not allowed and cryptocurrency can’t be accepted as fee for goods and services. “In any case, given the extent of scrutiny for tax compliance, it’s advisable to make sure that stock of cryptocurrency held is valued accurately and all taxes paid as and when due,” added Sancheti. If the bitcoins are held for normal buying and selling and the transactions are substantial and frequent, the online income on sale of bitcoins would be enterprise income. Any regulated entity already engaged in these services have been asked to exit from such businesses inside 3 months from the date of round.
Are Bitcoins banned in India?
In early 2018 India’s central bank, the Reserve Bank of India (RBI) announced a ban on the sale or purchase of cryptocurrency for entities regulated by RBI. Absolute ban. On 13 August 2017 Nepal Rastra Bank declared bitcoin as illegal.
The use of bitcoin as a foreign money in domestic settlements is restricted. The Superintendencia Financiera warned financial establishments in 2014 that they might not “protect, invest, dealer, or handle digital cash operations”. The Central Bank of Bolivia issued a decision banning bitcoin and some other currency not regulated by a country or economic zone in 2014.
Is mining bitcoin legal in India?
- Also, in the latest occasion, the Delhi High Court has already challenged this circular calling it “unconstitutional” and the apex bank has to current the premise of this restriction on banks to the court.
- Some bitcoin change heads have pointed out that Jaitley’s speech merely reiterated the RBI’s stand that cryptocurrency is not recognised as authorized tender in India.
- Users will be able to pay for select companies and ship money between people.
- However, bitcoin market sites are blocked, and court choices state that bitcoin is a forex surrogate which is outlawed in the territory of the Russian Federation.
- The listing of promising areas is limitless and may be expanded by the choice of the High-Tech Park supervisory board.
- Buxcoin solves this downside by combining PoS and PoW mechanisms.
For these reasons, Bitcoin addresses ought to only be used as soon as and customers must be cautious to not disclose their addresses. A lot of believers of bitcoin see it as a approach to liberate ourselves from the control of governments and the monetary system. The point is to eliminate the need for printing money btc lite and extra importantly, banks. So, banks moving out of the equation is a cause for celebration in the community somewhat than seen as a foul factor. There can be a possibility for our nation to turn out to be the Switzerland of the subsequent century.
Which Bitcoin Price Predictions Can You Trust?
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The fact that Bitcoin transactions leave a trace is not enough to deter criminals. We know that law enforcers aren’t able to immediately identify the parties involved in a Bitcoin transaction, but they can spot and study patterns in the movement of cryptocurrency to profile and de-anonymize suspects.
Banks might not open or preserve accounts or have a correspondent banking relationship with corporations dealing in digital currencies if that company isn’t registered with Fintrac. In December 2014 the Reserve Bank of South Africa issued a place Charts paper on digital currencies whereby it declared that virtual forex had ‘no legal status or regulatory framework’.
As of 2017[update], FSA says that doing enterprise with bitcoin doesn’t fall underneath its regulatory authority and subsequently FSA does not forestall anyone from opening such businesses. FSA’s chief authorized adviser says that Denmark might contemplate amending current Trias monetary laws to cowl digital currencies. On 7 December 2017, Bank Indonesia, the nation’s central bank, issued a regulation banning using cryptocurrencies including bitcoin as fee instruments starting 1 January 2018.
In South America, Ecuador explicitly outlaws the production of digital currencies, but apparently sufficient, has launched its personal digital forex. The digital forex is linked to the U.S. dollar (which is Ecuador’s official currency), and has been designed to lower dependence on bodily cash, and the related prices, corresponding to wear and tear of the payments themselves. Ecuador apparently doesn’t need other digital currencies, corresponding to bitcoin, competing with their very own.
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Bitcoin is accepted at all e-commerce storefronts on the dark web.
Indian Government has not been an admirer of growing craze for virtual currencies and the finance ministry of India has likened cryptocurrencies like bitcoin to Ponzi schemes as they are not backed by any asset. Time and once more the Government has cautioned banks, particular https://blockchaincasinos.online/btc-lite-charts-price-dynamics-of-costs-btcl-online-history-of-values/ person and entities from dealing in digital currencies as they possess excessive monetary danger, are unsecure, not regulated by any intermediary and are susceptible to hacking.
Exchanges or purchases of digital currencies characterize the business risk of traders and traders’ cash aren’t https://cryptolisting.org/ protected. For any compensation of losses caused by such exchanges or purchases there isn’t a authorized entitlement.
The Ecuadorian government has issued a ban on bitcoin and other digital currencies. Not regulated, according to a 2014 statement by the Central Bank of Brazil regarding cryptocurrencies, however is discouraged due to operational dangers. In November 2017 this unregulated and discouraged standing was reiterated by the Central Bank of Brazil. On 19 December 2017, Abdellatif Jouahri, governor of Bank Al-Maghrib, said at a press convention held in Rabat during the last quarterly assembly of the Bank Al-Maghrib’s Board of 2017 that bitcoin is not a foreign money but a “monetary asset”.
Also, the company behind the venture developed a cold storage wallet facility for Linux and Windows users which is used for offline storage to remain secure. The cryptocurrency uses a Scrypt-based mostly algorithm, which is safer and fewer of a goal to hackers’ intrusion thanks to its elementary code buildings. Usually, the 34% assault which can reduce the income of stakers poses a threat to PoS-based mostly cryptocurrencies. But the improved Scrypt algorithm ensured excellent results of Bux-loop safety that blocks out automatically all those who try to get a major share of 34%+.
Flux is a peer-to-peer exchange where you can begin trading cryptocurrencies in only a few steps. CoinDelta is one other Charts new entrant that offers a multi-cryptocurrency trade. They have listed many popular currencies, and are customer-centric.
This is as a result of the Icelandic economic system struggled in the years following the Great Recession, and authorities instituted capital controls so as to shield the kroner. Authorities were worried that folks would basically flee the kroner, and that the foreign money can be adversely affected. The excellent news is that Coinmama nonetheless permits you to purchase bitcoin along with your debit or credit card.
How can I buy Bitcoin in India after RBI ban?
An answer to this question is a P2P (peer-to-peer) trading exchange platform that enables one to purchase bitcoins in India even after the ban by RBI. A P2P exchange supports the most popular payment methods and allows individuals from different countries to purchase Bitcoin for their local currency.
Perhaps the commonest example has been using malicious viruses to hijack people’s computer systems and to then use their processors to mine bitcoins. This final bit is also why some governments oppose bitcoin, and thus bitcoin mining.


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