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The boxes of Jaffa oranges marketed at Tesco outlets in England proudly bear pictures of the fruit snuggled in green leaves, on a backdrop of a Mediterranean blue sky. Soon that pastoral picture will be joined by a black footprint, bearing the rather less pastoral notice: "125 grams of C02 per kilogram of oranges."
Jaffa will thus become, apparently, the first Israeli product to divulge its carbon footprint, the amount of air pollution caused in its production, from manufacturing to transport to decay.
Mehadrin, the company that produces Jaffa oranges, believes revealing its carbon footprint will ultimately work in its favor, giving the Israeli citrus an edge over competing fruits from Morocco or Spain. British consumers have become keenly aware of environmental issues and are deeply worried about global warming. They can help rectify the situation through educated shopping, which includes buying from companies that recognize their role in climate change, and are working to reduce their impact. As for Tesco and other grocery chains, choosing environmentally aware suppliers can help them reduce their impact on the globe as well.
Carbon footprinting isn't a phenomenon confined to Britain or to Israeli oranges. The greenhouse gases causing global warming, led by carbon dioxide (CO2), are in the spotlight. Web sites have sprouted like mushrooms after the acid rain, to help people calculate how much greenhouse gas their family emits, how much pollution a person flying from New York to London causes, and so on.
Did you want to fly from Tel Aviv to Rome? You will be adding 0.64 tons of CO2 to the atmosphere. Are you feeling guilty? The Web site Carbon Footprint (www.carbonfootprint.com) suggests ways you can compensate the planet. For instance, you could donate 4.80 British pounds to Voluntary Carbon Standard, a body that aspires to be the global benchmark standard for project-based voluntary emission reduction (it uses the money for carbon reduction projects). Or, you could donate 7 pounds to plant trees in Kenya, or 11.75 pounds to plant trees in Britain. You can even choose where the tree goes. Planting one tree compensates for 0.73 tons of CO2: You'd even have a little surplus for your next flight.
Mehadrin does its carbon calculation by itself. The company is owned by Hadarim (45%) of the Property & Building group, which is owned in turn by Nochi Dankner's IDB group and Yitzhak Tshuva's company Phoenix. Rafi Bisker and Segi Eitan, who sit on Mehadrin's board of directors on behalf of IDB, and Ehud Shapira, who represents Tshuva on the board, are involved in shaping policy.
The company's business is to grow, process and sell fruit and vegetables, from oranges to avocados and dates, from carrots to potatoes to persimmons. Its 2007 sales were NIS 955 million, of which NIS 750 million was from export. It netted NIS 61.7 million last year, but half of that was from returning land to the Israel Lands Administration to house settlers evacuated from Gush Katif.
Mehadrin has 15,000 dunams of orchards in Israel, on land that it leases from the lands bureau. Also, it runs 45,000 dunams for other companies.
Every tree and bean plant consumes CO2, giving Mehadrin credit points in its carbon equation. The company is diligent about uprooting trees past their prime, and replaces them with young trees, which consume more CO2 - growing plants use more of the stuff. The company is still calculating exactly how much its orchards contribute to Planet Earth, based on international carbon-footprinting criteria. Today it's become common practice for companies to trade carbon credit points and at some point, Mehadrin's positive balance could translate into hard cash.
Guy Binstok, chief executive of Mehadrin, admits he had been global warming-unaware until a couple of years ago, and says he only encountered the concept of carbon footprint four months ago. However, it took him only two weeks to decide to get involved.
Insofar as is known, Mehadrin is the first Israeli company to export its produce with a ecological footprint label.
"I started to become aware of the whole issue of global warming at the start of 2007," Binstok says. "We'd all heard about the glaciers melting, but it was only two years ago that we began to see the issue needed management attention."
Ecological awareness involves water use and farming methods, too, he explains. What happened four months ago is that as part of the process of establishing itself in Europe, Mehadrin realized that the retail chains were greening themselves.
"Mehadrin's business development manager, Dov Warmen, came back from Britain and told us about the carbon footprint, as Tesco presented it to him. He told us that the chain takes it very seriously, and sees [the footprint] as a way to stand out from the competition." In the world of fresh fruit, a special quality can be make or break, Binstok explains; hence the subject caught his attention.
"As an organization, we set out to see how we could take part in the growing awareness of global warming and reduce our carbon emissions, and harness it as a marketing lever," Warmen says. Mehadrin is also looking into selling its carbon credits, gained from soaking up more carbon than it's producing, for cash.
"We have 2.5 million trees. That's a big garden and we're planting thousands of dunams more, which will add to the carbon equation," Warmen says.
Although Britain is among the most ecologically aware countries in Europe, it hasn't made carbon footprint marking mandatory. But Mehadrin isn't waiting. "We want to be first, as part of our branding," Warmen adds.
How much CO2 per orange?
After visiting Britain, Warmen sat down to calculate. "I met with Environmental Protection Ministry officials, who said they didn't mean to make carbon footprint marking mandatory, but would suggest that companies adopt it voluntarily," he relates. "They decided to use us as a pilot case and provided an adviser, attorney Lior Shmueli, to accompany us in the process of calculating our carbon emissions and absorption."
Mehadrin provided its 2007 figures, including consumption of electricity, gasoline, tractor diesel, fuel for transportation in Israel, transport of produce (and executives) by ship and plane, and so on. The outcome was 35,600 tons of carbon emissions for the year.
Of that, electricity consumption was responsible for 60%, transport by ship and plane for 22%, and land transport for 18%.
On the plus side, the company's orchards removed 582,000 tons of carbon dioxide from the air, leaving Mehadrin with a tremendous surplus of 547,000 tons, right there for use in polishing its image. And, if possible, to fatten its wallet, too.
"Those are interim figures that haven't been officially confirmed yet by the authorized European body," Warmen clarifies. Also, before selling any carbon credits, Mehadrin has to make sure that its credit points comply with the standards of world trade.
Carbon Trust is an independent company funded by the British government, and it could provide that official stamp of approval. Mehadrin officials met with company representatives in June.
Tesco, for one, has greeted Mehadrin's initiative with approval, and wants to include the Israeli company among its "green" suppliers. The idea arose to mark Jaffa oranges, which are supplied year-round, with the Carbon Trust label - that black footprint stating 125 grams per kilogram of oranges. (During the summer month when citrus doesn't naturally grow in Israel, Jaffa oranges are supplied from the southern hemisphere, with the approval of Israel's Agriculture Ministry to use the Israeli brand on the produce.)
Tesco approved the idea, stipulating that the figure must include all the emissions related to the oranges' production all year.
A company with the Carbon Trust mark must also have undertaken to reduce its footprint, and Mehadrin will have to show what steps it is taking in that direction. The company's management is working on analyzing its footprint and ways to reduce it. One possibility is to abandon regular cars in favor of hybrid ones. In any case, Mehadrin's decision is to get in there first, to move before greening becomes mandatory.
"We want to be one step ahead of everybody else," Binstok says. They may well have achieved that aim.
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Many Vietnamese enterprises are trying to adapt to difficult circumstances caused by the military conflict between Russia and Ukraine, as well as to seize more trade opportunities opened up during this period.
As a result of those efforts, Vietnam has strongly increased the exportation of rice and other agricultural and food products to Europe, which is importing about US$160 billion worth of food every year, according to experts.
Vietnamese rice price is standing at $415-420 per metric ton on the world market, about $12-15 higher than the beginning of the year and some $10 pricier than early March, according to statistics of the Vietnam Food Association (VFA).
By comparison, Thailand’s rice of the same quality is sold at $408-410 per metric ton.
In the first quarter of 2022, Vietnam’s coffee exports approached $1.22 billion, up 50.4 percent over the same period last year.
The country’s exports of vegetables and fruits reached nearly $322 million, up 47.9 percent compared to February, according to the Vietnam Fruit and Vegetable Association (VinaFruit).
On a global scale, the Food and Agriculture Organization (FAO) Food Price Index, which tracks the most globally traded food commodities, averaged out at 159.3 points in March, up 12.6 percent from February when it hit a record high since its inception in 1990, the U.N. food agency said on Friday last week.
The agency attributed the price hike to the crisis in Ukraine, which sent prices of staple grains and edible oils soaring.
Finding new buyers
Phuc Sinh Group, a leading agricultural product exporter in Vietnam, successfully liquidated its goods whose delivery process had been disturbed by the war in Ukraine.
When its partners failed to pay for a number of coffee and pepper shipments, which were on the way to Russia at the time when the Russian military began attacking Ukraine, the company produced an ad-hoc solution -- halting the delivery process and selling the commodities to other buyers at the ports in transit countries such as Singapore, the Netherlands, Germany, and Switzerland.
Phuc Sinh’s annual exports to Russia and Ukraine are estimated at $30 million, accounting for 10 percent of its revenue, according to general director Phan Minh Thong.
Thong said that the company is boosting exports to France, Germany, and Switzerland in the near future to make up for losses caused by the Russian market as Vietnam’s exports to Russia have been obstructed by long transport time and troublesome payment processes.
More trade opportunities
Demands from the U.S. and Europe, which make up more than 80 percent of Vietnam’s woodworking export revenue, currently stay high, according to Bui Huu Them, deputy general secretary of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA).
Therefore, if these two markets reduce or even stop importing Russian furniture, Vietnam will have a chance to reach new clients and expand its export value.
Besides, Nguyen Quoc Toan, director of the Agricultural Products Processing and Market Development Department, underscored that Vietnamese businesses should take advantage of the EU-Vietnam Free Trade Agreement (EVFTA) and the UK-Vietnam Agreement (UKVFTA) to promote their brands in Europe and the kingdom during this period.
Meanwhile, Dang Phuc Nguyen, general secretary of the VinaFruit, said that Vietnamese enterprises should focus on the country’s staple products, such as mangoes, durians, lychees, passion fruits, leafy vegetables, and spices.
However, Nguyen emphasized that Vietnamese firms must improve product quality to meet the requirements of importers.
“The most fastidious markets like Europe and the U.S. require GlobalGAP [a trademark and set of standards for Good Agricultural Practices], while the number of Vietnamese fruit and vegetable products meeting the standards is quite modest,” Nguyen said.
Do Ha Nam, deputy chairman of the VFA, added that high transportation cost is another problem that Vietnam has to deal with.
The freight rate from Vietnam to Europe is currently at $13,000-16,000 per shipping container, whereas that to the U.S. is about $20,000 per container, seven to nine times higher than before.
This is definitely a drawback, especially in comparison with China -- a country with well-developed systems of sea, air, and transcontinental rail transport, according to Nam.

domain: news


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Bank of America CEO Brian Moynihan is not worried about an economic slowdown as the U.S. consumer is still in a strong place.Banksread more
Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
Target shares opened at record high after the retailer beat second-quarter earnings expectations and boosted its full-year estimates.Retailread more
Transports are stuck at a red light this month, but Old Dominion Freight Line has managed to steer clear of the trouble.Trading Nationread more
Sanders' sweeping proposal would make it easier for workers to join unions and end the so-called right-to-work laws recently favored by the GOP.2020 Electionsread more
Germany has sold a 30-year bond with a 0% interest rate for the first time on Wednesday.Marketsread more
Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a slowdown in the manufacturing sector is spreading.Marketsread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
Starbucks' outgoing Executive Chairman Howard Schultz said on Monday that a recent slowdown in China would be short-lived, seeking to salve investor concerns that the U.S. coffee chain is under pressure in the fast-growing market.
Starbucks said last month China same-store sales would be flat to slightly negative in its second-biggest market in April-June, versus 7 percent growth a year earlier, triggering a sharp drop in the chain's share price.
Schultz, ostensibly on a farewell tour after he stepped down in June, said fears of a slowdown in the market were a "false narrative," and that over time the closely watched metric would regain its momentum.
"It's a very short-term number that Wall Street uses, it's not a number we're concerned about," he said at a roundtable at the firm's flagship Roastery store in Shanghai.
"I will say, unequivocally, that anyone who is betting against Starbucks in China is dead wrong."
China has been a sweet spot for Starbucks for the past few years, with a burgeoning cafe culture driving rapid growth even as the market saturated back home.
Schultz, who owned about 3 percent of Starbucks stock as of Dec. 18, sees China as overtaking the United States as Starbucks' top market, with the firm aiming to double cafe numbers there to 6,000 by 2022.
Starbucks has no formal online delivery in China, where Alibaba-backed Ele.me competes with Tencent Holdings Ltd-backed Meituan-Dianping as the country's two biggest food delivery platforms.
Schultz, however, said he was close with Alibaba's Ma and suggested the two could work together to boost Starbucks' online distribution in China.
"There's no doubt that no brick-and-mortar retailer anywhere in the world, let alone China, can exist as a stand-alone business without having a significant, integrated e-commerce mobile application," he said.
"I have been very dear and close friends with Jack Ma for many, many years... and suffice to say there will be news coming that will relate to our plans for accelerating and integrating mobile commerce at a higher level into our core business."
Current trade tensions between the United States and China were creating a negative atmosphere between the two countries, he added, though he downplayed the impact on the chain.
"I think we will be able to navigate through this fairly well. Having said that I don't think it's a healthy atmosphere between the two countries and I hope it's short-lived."
The long-time Starbucks executive said his next move was not yet clear, though he did not rule out a shift into politics.
"I want to do something that provides some level of public service, but I don't know what that will mean ... I would say I am taking the summer off and we'll see what happens," he said.


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Diet Chef appoints CMW to £3.6m integrated account
Diet Chef, the food delivery service, has appointed CMW to handle its estimated £3.6m integrated account, following a competitive three-way pitch.
CMW will be responsible for repositioning the business to focus communications on the brand’s proposition of chef prepared and calorie controlled meals.
Activity will launch across TV, print and digital and social media. The campaign will launch over the summer in the UK before rolling out to other European markets.
Liz Wilson, chief executive, CMW, said: "This is a fantastic opportunity for the agency.
"Diet Chef is an exciting and brave client operating in a hugely crowded sector.
"While the category is obsessed with the end result, weight loss, research shows us that half the dieting audience are more concerned about the quality and taste of food so this represents a massive opportunity for us to own this area."
Liz Dale, marketing director, Diet Chef, said: "CMW's pitch provided us with exactly what we're looking for in an agency.
"They showed a deep insight into our business and consumers and provided some truly integrated creative thinking."
In January Diet Chef appointed Mindshare to its £2m media planning and buying account. The relationship remains unaffected by CMW's appointment.
This article was first published on campaignlive.co.uk
- Campaign Marketing Manager EMAP Competitive + Bonus, London (Greater) / London (East), London (Greater)
- Exhibition Designers WRG Live Competitive salary and benefits package dependant upon experience, Manchester, Greater Manchester
- Producer WRG Live Competitve salary and benefits package dependent upon experience, London (Central), London (Greater) / Manchester, Greater Manchester
- Content Manager WRG Live Competitive salary and benefits package, Manchester, Greater Manchester
- Deputy Creative Director - Integrated/shopper agency The Industry Club London Ltd £75,000, London (Greater)


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TOURISM Minister Dr Wykeham McNeill returned to Jamaica from Beijing, China on Sunday, with high praises for the nation’s athletes whose exceptional performance at the 2015 IAAF World Championships not only earned Jamaica 12 medals but also had a considerable and positive impact on Brand Jamaica.
“The outstanding performance of our athletes in Beijing has had a tremendous effect on Brand Jamaica. The eyes of the world were on our athletes, especially Usain Bolt and Shelly-Ann Fraser-Pryce, and as a result there was a greater awareness about Jamaica. The promotional space which we established, dubbed Jamaica House Beijing, provided the opportunity to leverage the popularity of Jamaica’s athletes to market our destination,” said Minister McNeill.
McNeill and Director of Tourism Paul Pennicook were in Beijing for five days to participate in activities aimed at marketing destination Jamaica during the IAAF World Championships, which ended Sunday. While in Beijing, McNeill and Pennicook met with leading travel and tourism stakeholders to explore opportunities to benefit the island’s tourism sector and increase visitor arrivals from Asia, including representatives from Air China, Hainan Airlines, China Travel Service, Caissa and American Airlines.
The senior tourism officials also attended a number of Jamaica Tourist Board (JTB) promotional events to market Jamaica and further strengthen the links between China and Jamaica. This included the very popular JTB-hosted Jamaica House Beijing, which sought to capitalise on the global focus on the Jamaica track and field team at the major sporting event.
“We saw scores of persons, including tour operators, travel agents and media, visiting Jamaica House Beijing each evening to enjoy our culture, food and music, and also to do business,” said McNeill, underscoring the winning Jamaica House concept which was used to great success at the 2012 London Olympics, the IAAF World Championships Moscow 2013, and the 2014 Glasgow Commonwealth Games.
As part of its strategy to attract visitors from the immense Chinese visitor market, in February 2014, the Jamaican Government approved the conditional waiving of visa requirements for Chinese nationals travelling to Jamaica for tourism purposes for periods of 30 days or less.
In April this year, a world cruise tour by the Costa Atlantica saw some 1,000 Chinese visitors arrive in Ocho Rios, the single largest number of Chinese visitors to arrive in the island ever via cruise.
The JTB said yesterday that it is planning follow-up meetings with Chinese tour operators and travel agents with whom they interfaced during the four days of Jamaica House Beijing promotions.


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NASDAQ plus crypto equals new opportunity
Bostoncoin update Sept-Oct 2022
Nasdaq plus crypto equals new opportunity
We interrupt this ordinarily cheeky newsletter with some “serious business news” from a recent Australian press piece:
Nasdaq plus crypto equals new opportunity
Reading press from the last few months, you might think that the “crypto-craze” has ended, gone the way of roller-blades and Tamagotchis. It is true that Bitcoin dropped over 50% in June, whilst projects such as Terra/Luna and Celsius crashed and highly touted crypto funds such as Three Arrows Capital declared bankruptcy.
However, cryptocurrency may have more life in it yet, especially with Nasdaq and other major players coming on board.
Experienced investors may remember the 1999 “Tech Wreck” where the dot-com bubble supposedly burst, driving many internet companies into the ground. After rocketing up with 400% gains in the early 1990s, many dot-com companies went spectacularly bankrupt; some within a few months of their IPO.
Whilst the majority of 1999 dot-com companies may have been unsustainable, the crash took down some truly great companies as well. Cisco and Apple dropped 80%, Amazon and Microsoft were crushed by up to 60%, and yet they recovered.
Notwithstanding a loss of 80% of its stock price in 1999, Amazon has since grown over 212 000%, with Microsoft up 242 000%, and Apple up over 196 000%. There is clearly a reward for those who can handle dramatic volatility.
Despite cryptocurrency crashing up to 80% a few times in the short history of this asset class, cryptocurrencies such as Bitcoin and Ethereum have also made stellar gains over time: more than 6 000% and 12 000% respectively.
It seems that some major players are rushing in where others fear to tread. Nasdaq Inc, the second largest stock exchange in the world has launched the Nasdaq Digital Assets Unit, hiring Ira Auerbach, formerly from the Winklevoss twins’ Gemini crypto brokers. Nasdaq Digital plan to increase staff by another 40+ people by the end of the year, coinciding with the timeframe where the US government tentatively plans to introduce crypto legislation.
Trillion-dollar fund management firm BlackRock Inc. has similarly stepped out from its traditional stock and bond funds and partnered with crypto giant Coinbase Global Inc to launch its own digital assets business, joining the likes of JP Morgan, Fidelity, Charles Schwab, Citadel and BNY Mellon who are already in the crypto space.
“We are very pleased to see some new competitors enter the crypto space,” says Jennifer Robertson, CEO of Boston Trading Co.
Ms Robertson co-founded the world’s first diversified crypto mutual fund in 2016, and the Bostoncoin fund has outperformed Bitcoin every year since.
Ms Robertson is no stranger to Nasdaq, having started a collaboration with Nasdaq’s governance division in 2021 in her other business, well-respected and long-standing corporate governance advisory firm, Board Matters.
Ms Robertson stated she welcomes Nasdaq to the crypto table: “For several years Bostoncoin was the only crypto mutual fund in existence, and we measured the BOS fund performance against Bitcoin as there was no peer benchmark. It will be great to see more competition in the crypto mutual fund space, as competition is great for innovation and generally better for the investors.”
Traditional investors who may have dismissed crypto as a fad or sworn off it after the most recent crash may need to take heed. Where Blackrock, Nasdaq, Fidelity and JP Morgan go, they take billions (if not trillions) of dollars with them. The 1999 Tech Wreck was a cautionary tale. Whilst many new startups may fail, we now know that gains of 100 000% were possible for dot-com companies. What will be possible for cryptocurrency?
Jennifer Robertson, FAICD, co-founder of Bostoncoin, Managing Director of Board Matters and NASDAQ Centre for Board Excellence Advisory Board Member.
We now return you to your existing irreverent newsletter 😊
“Crypto flipto”: markets turn around
It has been a big month in crypto markets, with some wags coining the names “SeptemBear” and “OctoBull”, which we found very amusing. (For those who grew up on Sesame Street and were not whelped on Wall Street, a bear attacks with downward claws, and describes a down market, whilst a bull attacks with upward horns and epitomises an up market).
After stocks and crypto markets running basically downhill from May-June to September, it was nice to see a few green charts emerging as crypto flips to do what it is supposed to do, and act as a store of value in hard times.
This month the Fed continues to raise rates in the US, allegedly to combat the higher inflation that was caused by an earlier Fed decision to print cash like a drunken sailor.
Despite rampant cash printing causing inflation in ancient Rome, middle-ages China, 20th century Germany, 21st century Brazil, Argentina, Zimbabwe and other nations, the Fed tried to reassure the public that they were smarter than 3000 years of history, and that higher inflation would be “transitory”.
Meanwhile, the cost of living continues to rise around the world, due to supply chain shortages, an ongoing Russian ground war and economic policy from politicians who clearly never had to work at school or in life, or pay their own bills.
Anecdotal evidence suggests that much of the COVID cash printing and stimulus package handouts made their way to multi-billion-dollar multi-national companies instead of furloughed workers, in a twisted version of “trickle-up” economics.
The rapidly disappearing middle-class used to opine that “the rich get richer”, and it seems that pandemic response has shone a brighter light on economic inequality. We have previously mentioned that average CEO income in the 1970s was around triple that of an average worker, as their responsibilities and duties were seen as three times more onerous.
In more recent years, average CEO incomes have tended toward three hundred times as much as an ordinary worker's, leading to ridiculous levels of economic disparity.
Several studies completed in the USA between 2006 and 2019 have shown an inverse correlation between CEO income and economic performance; that is: the more the boss is paid, the worse the company does. It would be interesting to see a chart comparing the income of politicians versus their decision-making prowess; perhaps that would make the rest of us smile with the insanity of the outcomes.
Meanwhile, prices for fuel and energy in the UK continue to skyrocket, leading many gas and electric customers to retro-fit their homes with wood-burning stoves to survive the British winter. Please do not tell


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PREHEATING THE OVEN
Jennifer Mellard began Gold Coast Traditions in 2012 in Prairieville as a cake bakery. She knew she didn’t want to sell baked desserts forever, but at the time, taking advantage of Louisiana’s Cottage Food Law, the business was an opportunity for the 35-year-old mom to learn how to own and operate a business. On the home front, she and her family began transitioning into a healthier lifestyle. As her family became healthier, she began tweaking her cake recipes to be healthier as well.
In 2017, she decided to rebrand the business. She stopped making cakes, moved into a Baton Rouge facility and opted to sell organic dry mixes instead of cakes so families could have healthier options. By the summer, she released her first product, an organic whole wheat pancake and waffle mix—the same recipe she crafted for her own family. Moms are her most frequent customers. “Being certified organic gives parents a relief that it’s the best you can give them.”
BREAKFAST IS SERVED
Last September, Mellard rolled out three new products—a classic pancake and waffle mix, oat muffin mix and cornbread mix—and she has plans to release an additional three mixes in 2020. Her products can be found in more than a dozen stores in Baton Rouge and Lafayette, as well as online. In the future, she’d like to produce a cookie mix, as well as ready-to-eat protein bites and snack mixes. “If you can improve something for someone else, to me, that’s fulfilling. If I can save moms’ time and help them feel like they’re doing something good for their family, I view that as a success.”


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WUHAN – China plans to invest in locally-invented 3D printing technologies to boost its manufacturing power, according to a senior industrial official.
Su Bo, Vice-Minister of Industry and Information Technology, said the country should establish plans and use tax incentives to speed up research and development (RD) and application of 3D printing technologies.
Unlike traditional printing techniques, 3D printing is a process of making three dimensional solid objects from a digital printer which can be created by laying down successive layers of materials. It is also known as additional manufacturing.
Cutting, bending, pressing, moulding and assembling will no longer be necessary in the manufacturing as a click of the printing button on a 3D printer will automatically produce a solid product based on the pre-set three dimensional data.
It is a revolutionary manufacturing technique. Once put to large-scale production, it will ease Chinas pressure on energy and resources, said Su at an international forum on additional manufacturing technology, which closed in Wuhan on Sunday.
David Bourell, a professor of the University of Texas at Austin, in the United States, sees great potential in the application of additional manufacturing in China.
Even if the smallest portion of consumer goods are produced through 3D printing, the market volume will be tremendous, he said.
China is the worlds biggest manufacturer. If the technology can be put to broader use, the countrys productivity and energy- and resource-use efficiency will improve greatly, said Su Bo.
President Li Peigen with the Huazhong University of Science and Technology said that China was almost on par with developed countries in RD and application of the leading technology.
The universitys Fast Manufacturing Center has invented a 3D printer which can produce the worlds biggest product through additive manufacturing technologies.
Based on the pre-set three-dimensional data, the printer can manufacture a variety of products from complicated industrial components to cooking utensils with metal, porcelain, plastics and sand powders, according to Cai Daosheng, a researcher with the center.
Academician Lu Bingheng with the Xian Jiaotong University took the development of 3D printing equipment as an indicator of the dynamic and innovation capability of an economy.
China has only 8.6 percent of the worlds total 3D printers compared to 38.5 percent for the US, he noted.
Additional manufacturing technique will enable manufacturers to shorten production cycle, better meet individual needs and easily cope with the production of complex or large-scale components. There is much to be done for domestic researchers, he said.
Since Chinese researchers ventured into the sphere in late 1990s, a series of home-invented additional manufacturing techniques have been applied to bio-additive manufacturing, ceramic forming and laser sintering.
At the three-day forum, domestic manufactures showcased their latest products from chic mobile phone shells, fancy attire, lamps, shoe-pads to complex industrial components.
Chinas leading researching institutes in this area include the Xian Jiaotong University, Huazhong University of Science and Technology, Tsinghua University and Beijing Long Yuan-Automated Fabrication System.
First invented by American scientists in 1990, 3D printing technologies have been used in aerospace, medical care, construction, sports, entertainment and automobile industries overseas, according to Graham Peter Tromans, chairman of the Additive Manufacturing Association of the United Kingdom.
Cameron Pace launches China JV for 3D filmmaking
Manufacturers vying for Chinas 3-D market
Waiting to see if Titanic 3D will sink
Tax innovative industries to ensure fairness: Lou
G20 should support a new tax system for growth: China finance minister
Chinas steady economic development helpful to the world: Australian economist
Global cooperation needed on fiscal policies: Chinas finance minister
G20 Finance Ministers and Central Bank Governors Meeting kicks off in Chengdu
PBOC urges better financial support to flood-hit areas
WTO concludes Chinas sixth trade policy?review?
Top 10 saving countries in the world
Made in China – fight against counterfeit goods
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Aston Martin Vantage A3 marks 100th anniversary of firm's oldest car
Three examples of visually distinctive V8 soft-top will be built
Aston Martin will build a limited-run Vantage Roadster with unique design cues to mark the 100th anniversary of the A3, the firm’s oldest surviving sports car.
Only three examples will be produced, with bespoke flourishes inspired by the 1921 model including a black grille with aluminium surround, black exterior paint and 20in forged black wheels with bronze brake calipers.
Chestnut tan leather and stitching features on the interior of the car, with the marque's name embroidered in a heritage-inspired script, as seen in the original. The Vantage’s gauge surrounds have also been cast from brass, and the original-design Aston Martin logo features throughout.
The redesigned Vantage was commissioned by Aston Martin’s HWM dealership, its longest-serving retailer, in partnership with the firm’s bespoke Q division. The mechanical parts will remain the same, with the turbocharged Mercedes-AMG V8 engine capable of 0-62mph in around 3.5sec and 0-100mph in about 7.0sec.
“It is only right that this great marque takes the opportunity to celebrate the centenary of its oldest surviving model and I am thrilled that my team, working with the Aston Martin Heritage Trust and Aston Martin HWM, have been able to create this tasteful yet suitably exhilarating tribute to our historic forebear,” said Q director Simon Lane.
The original A3, which was restored to its original factory specification by pre-war Aston specialist Ecurie Bertelli, was acquired by the Aston Martin Heritage Trust in 2002. It will be presented at a centenary celebration event on 26 June, alongside several rare Aston Martin models.
Also at the event will be other pre-war Aston Martin and Lagonda vehicles, a V8 showcase, Gaydon-era sports cars and the British firm’s current model range.
*I'll let the cars do the talking: Tobias Moers on running Aston Martin*
*Aston Martin Vantage F1 Edition 2021 UK review*
*Aston Martin sues Swiss car dealer over Valkyrie deposits*


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AHMEDABAD: The annual average package offered by recruiters to the MBA students at Nirma University has risen by 13 per cent this year.
The average annual package of Rs 6.20lakh that was offered by the recruiters in the final placements last year has gone up to Rs 7lakh this year.
The highest package offered to the students also went up from Rs 9 lakh per annum last year to Rs10 lakh this year.
The offer was made by Ranbaxy Laboratories which was taking part in the institute's placement process for the first time this year.
The final placement at the Institute of Management at Nirma University began in the form of a rolling placement in December 2010 and ended in mid-February this year.
"We have had a very good placement this year and many new companies took part in it. All the students who took part in the placement have secured good jobs," said Harshal Bhagwat, manager of corporate relations and placements at the institute.
Infosys was the largest recruiter of the management students from the campus this year.
It recruited 34 students, while ICICI hired 18 students. More than 40 companies participated in the recruitment process this year, including new recruiters from sectors like pharmaceuticals, micro finance and fast moving consumer goods taking part for the first time.
Out of a total of 170 students of the full time MBA programme at the university, 166 took part in the placement process this year, while the rest of the four students preferred to opt out and make their own arrangements.


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The Archery Trade Association (ATA) will bring the industry’s largest trade show back to the Kentucky Exposition Center in 2016, 2019 and 2024. The Show is expected to draw more than 10,000 retailers, buyers and exhibitors each year, representing an estimated economic impact of more than $17 million over the course of the multi-year deal. The Show, last held in Louisville in 2013, is a member-only, business event to promote commerce within the archery and bowhunting industry.
“Louisville is a vibrant, accessible city that’s well suited to handle our national and international companies and their staff,” said Jay McAninch, ATA president/CEO. “The Kentucky Exposition Center offers abundant floor space and, for us, that’s invaluable. Our Show is growing and this show floor will allow for that growth. It’s also important for this event to bring features — our Featured Product area, shooting lanes, business hubs, lounges and diverse food offerings — onto the main floor to make it easier for retailers to cover the Show.
A record number of 584 manufacturers exhibited at the 2014 ATA Trade Show in Nashville early this year and room nights booked for this event have steadily risen each year since 2010 when nearly 6,500 room-nights were booked. For the 2014 Show, room-nights booked peaked at more than 9,700.
As for the city itself, Louisville earned high marks among ATA members when the Show was hosted there in January 2013.
“I’ve never shown here in Louisville before and, quite frankly, I thought the place was awesome,” Mike Swan, marketing director of Robinson Outdoor Products, said at the close of the 2013 Show. “The people here, on all sides, everyone was very helpful and friendly; no matter if they were from downtown or around here at the convention center.”
We are very pleased that the Kentucky Exposition Center is a part of the growth of archery’s largest trade show,” said Kentucky State Fair Board President and CEO Rip Rippetoe. “Shows such as this are an integral part of our business going forward, and we are committed to this partnership with ATA through 2016 and beyond.”
“In the next couple of years, this city will see tremendous growth with new restaurants, attractions and hotels,” said Karen Williams, president and CEO of the Louisville Convention & Visitors Bureau. “We believe Louisville is positioned to maximize the benefits of this Show and each year will only be better.”
Feature photo: Don Sniegowski - Flickr


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A group who described themselves to police as a family of "gypsies" has been charged with felony stealing following the theft Tuesday of about 30 iPhones from a Ballwin phone dealership, police said.
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James Konstantinov, 48; Biserka Dobobrov, 48; Zvinko Konstantinov, 29; Michael Dobobrov, 27; and Zvanko Dobobrov, 18 all face felony stealing stealing charges and were being held at the St. Louis County Jail on Wednesday. Each is being held on $75,000 bond, police said.
Police said located at 15575 Manchester Road posing as customers, police said. Two of the customers distracting store employees while the third entered the business's back area, filled a garbage bag with the iPhones then ran out of the store, police said. The two other subjects reportedly were waiting in a van, which then took off with all five subjects and the phones.
The subjects were arrested about 20 minutes later by the , police said.
A representative for the AT&T phone dealership where the phones reportedly were taken said each of the iPhone 4S cell phones had a retail value of up to $649.
Sgt. Jim Heldmann of the said possible connections between the suspects and other recent crimes still are being investigated.
"We’re still looking into those previous incidents," Heldmann said. "There might also be some other (related) incident in Kansas City area, but those are unconfirmed."


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Mobile telco VHA has unveiled a giant expansion of its consolidated 3G mobile network, including the construction of a new network using the same 850MHz spectrum that Telstra has made popular with its rival Next G offering.
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Hewlett-Packard on Tuesday announced the next-generation Palm OS, calling webOS 2.0 the "most significant upgrade" since the mobile platform was introduced in 2009.
Apple CEO Steve Jobs yesterday took shots at Google and dismissed iPad wannabes as "dead on arrival" during his company's earnings call with Wall Street analysts.
Finnish mobile phone giant Nokia this morning revealed it would sell its flagship N8 handset through all of Australia's three major mobile telcos -- Telstra, Optus and VHA -- for $749 up-front from 1 November.
Apple announced on Monday that it once again had set a Mac sales record last quarter, and also broke previous records for both the iPhone and iPad.
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Profits were off at International Flavors & Fragrances as higher restructuring and interest expenses impacted first-quarter results.
Net earnings for the quarter ended March 31 came in at $55.9 million, a 10.8 percent decline from $62.7 million in the same period a year ago. Earnings per diluted share remained the same, at 69 cents, missing Wall Street analysts’ estimates of 74 cents a share. Excluding the charges incurred by IFF, earnings per diluted share would have been 75 cents, the firm stated.
Quarterly revenues were up 5.4 percent to $596.6 million, from $566.1 million in the same period a year ago.
Net sales of the firm’s fragrance business were flat at $322.8 million, but operating earnings within the fragrance division were down 20.4 percent to $46.9 million from $58.9 million in the same period a year ago.
“Our fragrance business results were mixed,” stated Robert M. Amen, IFF’s chairman and chief executive officer. “Functional fragrance sales were strong in Asia and Europe, although this performance was offset by weakness in global fine fragrance and North America functional fragrance sales.”
Amen noted during a conference call with analysts that rising costs of raw materials remained a concern.
“2008 is and will likely remain a challenging year,” said Amen. “The greatest challenge remains the U.S.” He added, however, that he was “pleased” with the firm’s current performance and future prospects in the “fast-growing economies” of emerging markets.


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Here’s what the company reported for the quarter ended July 9:
Earnings per share: 21 centsRevenue: $172.9 million
The Mediterranean restaurant company reported second-quarter net income of $6.5 million, or 21 cents per share, swinging from a net loss of $8.2 million, or $6.23 per share, a year earlier.
Net sales soared 62% to $172.9 million, fueled by new restaurant openings. Wall Street analysts surveyed by Refinitiv were expecting the company to report revenue of $163 million.
This story is developing. Please check back for updates.


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Update: Sears Canada was authorized to obtain financing of C$450 million. The bankrupt company said it would close 20 full-line locations plus 15 Sears Home stores, 10 Sears Outlets and 14 Sears Hometown locations; it would also cut 2,900 positions across retail network, corporate head office in Toronto.
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It's official - the US 'retail apocalypse' has moved north as Sears Canada (and some of its subsidiaries) have applied to Ontario Superior Court of Justice for protection under the companies’ Creditors Arrangement Act (CCAA), in order to continue to restructure its business.
Sales at Sears Canada have fallen sharply since it was spun off from its equally-troubled US-based parent in 2012; the slump coincides with a broader shift in consumer preferences away from brick and mortar retailers and toward e-commerce.
This shouldn;t come as a surprise to anyone, in an admission last week, Sears Canada said it has “significant doubt” that it can continue to operate for much longer. Meanwhile, its American counterpart announced that it would lay off 400 employees as part of an initiative to produce $1.25 billion in savings after admitting back in March that the future of its business is also in serious jeopardy, as Fortune reported.
Statement from Sears Canada (note you would hardly think this is a 'bad' thing judging by this PR spin)
Sears Canada Reinvention Continues
Over the past 18 months, Sears Canada embarked on a reinvention plan that has now begun to gain traction with customers. Sears Canada rebuilt its front and back-end technology platform, redefined its brand positioning, revamped its product assortment, and rebooted its customer experience and service standards. The new product assortment is reflected in two pillars, The Cut @ Sears, which offers designer labels at everyday value prices, and the Sears Label, which offers premium quality and enduring styles, also at everyday value prices. The customer experience was reinvented, both online, with a newly designed site built in-house by a new technology team, and in-store with a new format called Sears 2.0. Sears Canada also redefined its customer service standards to be best-in-class, and launched a new store in downtown Toronto to showcase its reinvention to an entirely new audience.
The Company's hard work to bring its vision to reality is reflected in reported growth in same store sales in its two most recently completed quarters. Sears Canada believes this indicates that the new brand positioning is starting to resonate with consumers. The brand reinvention work Sears Canada has begun requires a long-term effort, but the continued liquidity pressures facing the Company as well as legacy components of its business are preventing it from making further progress and from restructuring its legacy assets and businesses outside of a CCAA proceeding.
If granted, the Sears Canada Group will work to complete its restructuring in a timely fashion and hopes to exit CCAA protection as soon as possible in 2017, better positioned to capitalize on the opportunities that exist in the Canadian retail marketplace.
As a reminder, we noted last week that if Sears Canada was to go bankrupt, Lambert loses his equity stake, but he remains the company’s principal creditor. Already, Lampert has effectively laid claim to enormous amounts of the company’s assets through loans he’s made. His hedge fund, ESL Investments, also owns large stakes in Lands’ End and a Real Estate Investment Trust that gained control of some of Sears’ best properties in a $2.8 billion deal back in 2015, then leased them back to the company. Lambert owns a stake in that vehicle, too.
In other words, while Sears was floundering, Lambert was busy shielding himself from the worst of the fallout. His former employees will need to make due with the public safety net.


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Blockchain infrastructure provider The Open Platform (OPEN) announced their partnership with Element Group, a full-service firm for the digital asset capital markets.
Element joins other backers of OPEN such as Danhua Capital, Draper Dragon, One Block, Jeremy Gardner, and others, according to a press release. The firm aims to support OPEN to ensure the post-tokenization functionality of its ecosystem. No other details of the agreement were given.
Element’s current portfolio consists of several key projects in the blockchain space, including WAX, Enigma, Ripio, and others.
The partnership was announced two days after OPEN tokens were listed on Kucoin exchange on May 22. The coin is trading at USD 0.2 at the time of writing, having risen from USD 0.17 at its lowest point, a day after the announcement, and marking its current all-time high at USD 0.29.
OPEN price chart
OPEN has developed a decentralized payment platform for apps looking to incorporate cryptocurrencies as payment. The project aims to provide the infrastructure for implementing a blockchain-based payment system directly into an application’s backend. This way, applications can treat cryptocurrencies the same way they would treat fiat payments.
OPEN uses a standard REST API (a method of allowing communication between a web-based client and server) that can be used over nearly any protocol, meaning you don’t need to reprogram your app. Also, it is blockchain agnostic – all ERC20 standard coins are already accepted and they are currently implementing a solution for NEO and other blockchains to facilitate payments that use multiple cryptocurrencies.
According to their roadmap, OPEN 1.0 is scheduled to go live in July this year.


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The 2015 Hyundai Sonata will make its official debut in Korea later this month before debuting in major markets later this year. The all-new sedan will be the Korean automaker’s second model to adapt “Fluidic Sculpture 2.0,” that features a more complete and refined premium look. The new Genesis sedan, which debuted last November, was the first vehicle to feature the revamped design language. According to Hyundai, the design keyword for the 2015 Sonata is “Inner Force” which reflects the Sonata “reborn with an evolved aesthetic force that stems from purpose and sophistication.”
Expect the 2015 Hyundai Sonata to pack all new technologies designed to enhance Human Machine Interface (HMI) qualities, which lets drivers intuitively recognize their vehicle’s controls to make them more convenient and effective. In addition, the new Sonata’s platform consists of 51 percent Advanced-High Strength Steel (AHSS), which is twice as rigid than regular steel while being 10 percent lighter. The previous Sonata was only 21-percent AHSS.
Check back for more information on the 2015 Hyundai Sonata when it’s officially unveiled in Korea later this month.
“Since the first Sonata was introduced in 1985, Hyundai Motor’s symbolic midsize sedan has contributed hugely to the company’s rapid growth and brand enhancement,” said Jeong Gil Park, head of the Hyundai Motor Group’s Engineering Design Division. “The all-new Sonata has evolved again, based on Hyundai Motor’s world-class technologies, and it will play an important role in further facilitating our shift from quantitative growth to qualitative growth.”
Discuss this story at our Hyundai Sonata forum


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Cupertino has been known to share a stat or two during its WWDC keynotes, so it's hardly a surprise that the company just dropped some sales figures for its Mountain Lion. According to Tim Cook, 28 million copies of the OS have shipped, making it the best-selling Mac release of all time. Cook also said that about 35 percent of users have updated, compared to less than five percent for Windows 8. And Apple wasn't just talking Mountain Lion to brag; those numbers were part of a build-up to announcing the latest desktop-based software: OS X Mavericks. Hit up that link for more info.
Follow all of our WWDC 2013 coverage at our event hub.


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A new E-Commerce platform has been launched to connect residents and trade professionals. The platform has been created with the intention of removing rogue traders and delivering a range of other trade professionals for the job required. The organization has been launched in South Wales.
The new online business has been called safetrades4you.com and intends on creating a range of industry benchmarks that have been based on public confidence and trust. In order to form this atmosphere of trust, the organization is focusing on including qualified, vetted staff for their new service. This means that both individuals and businesses have an increased chance of finding local work.
A range of new members have already signed up to the service, and because of this the company is preparing to launch a thorough consumer marketing campaign which will take place across the region. The campaign will target thousands of professionals. As a part of this marketing campaign, safetrades4you.com have announced an introductory offer, where the first 100 individuals or firms that sign up to the new venture pay £147. The benefits of signing up to this new scheme is company accreditation awarded after a criminal vetting service and membership to an organisation that will develop confidence and trust with end-customers as well as deterring rogue traders.
In order to sign up for the new venture, businesses need to provide references as well as a proof of industry qualifications in order to further support the reliability of the companies using the site. Potential business members must also sign an ethical code of practice agreement and show proof of public liability insurance before any accreditation is given.
All industries suffer from rogue traders and with this new platform, customers can be connected to trustworthy trades people ranging from plumbers to florists. The service also offers those trades people a professional edge when appealing to potential customers.


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Uh-Oh, Intel Can’t Keep Up
Intel (NASDAQ:INTC) has lowered its forecast for fourth-quarter margins as it feels the effects of the PC market slump. Intel’s latest estimate shows a gross margin of about 57 percent, shy of the average analyst estimate of 61.4 percent. The company is projecting earnings between $13.1 billion and $14.1 billion; analysts had projected roughly $13.7 billion in revenues.
Intel’s poor performance in the recent quarter, on which it reported Tuesday, and on the present quarter, can largely be blamed on the PC market, which has been underperforming due in part to a soft economy. However, the recent slowdown may also be related to Microsoft’s (NASDAQ:MSFT) Windows 8 software — some consumers may be holding off purchasing a new computer until the new operating system becomes available.
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Of course, another culprit may be the increasing popularity of mobile devices, such as smartphones and tablets. Devices running Apple’s (NASDAQ:AAPL) iOS and Google’s (NASDAQ:GOOG) Android operating system are increasingly responsible for Internet traffic, which implies that people are spending more time on their mobile devices and less on traditional computers. Unfortunately for Intel, these mobile devices typically run on ARM (NASDAQ:ARMH) chipsets, not Intel (NASDAQ:INTC) chips. Intel has been trying to break into this segment, but has so far had little success.
Don’t Miss: Google is On Europe’s Radar Again.


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05 Feb Amazon, Netflix and other bull market favorites slide in early trading
Shares of Amazon, Netflix and other popular tech stocks fell Monday as investors took profits in some of their biggest bull market winners amid a steep market sell-off.
Amazon traded 0.8 percent lower, while Netflix declined 1.6 percent. Google-parent Alphabet and Facebook pulled back 1.7 percent and 0.6 percent, respectively. Apple briefly fell as much as 1.5 percent, before trading 1.6 percent higher.
These stocks followed the broader U.S. stock market lower. The Dow Jones industrial average fell more than 200 points and the S&P 500 declined. The Nasdaq composite turned higher.
Investors have poured loads of money into these stocks over the past year. In the past 12 months, these stocks have all soared at least 24 percent.
Their gains have also been key in lifting the broader market to record highs over the past year. Amazon, Netflix, Alphabet, Facebook and Apple have all benefited from strong quarterly results in the past year.
Amazon shares surged earlier last week after it said fourth-quarter revenue jumped 38 percent, topping Wall Street estimates. And Amazon is universally liked on Wall Street with 34 analysts rating the stock buy and two giving it a hold, according to TipRanks.com. Zero analysts give it a sell.
But none of that mattered Monday as investors looked to sell their biggest winners in order to raise capital amid the sell-off.


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ON Semiconductor (NASDAQ:ON – Get Rating) will announce its earnings results before the market opens on Monday, May 2nd. Analysts expect ON Semiconductor to post earnings of $1.05 per share for the quarter. ON Semiconductor has set its Q1 guidance at $0.98-1.10 EPS and its Q1 2022 guidance at $0.980-$1.100 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
ON Semiconductor (NASDAQ:ON – Get Rating) last announced its quarterly earnings results on Monday, February 7th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.15. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. ON Semiconductor had a net margin of 14.98% and a return on equity of 31.73%. The business’s revenue was up 27.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. On average, analysts expect ON Semiconductor to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
ON stock opened at $51.78 on Monday. The company has a current ratio of 2.45, a quick ratio of 1.56 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $58.66 and its 200 day moving average price is $58.95. ON Semiconductor has a 52 week low of $34.01 and a 52 week high of $71.25. The company has a market cap of $22.49 billion, a P/E ratio of 22.71, a P/E/G ratio of 0.61 and a beta of 1.71.
In other news, EVP Simon Keeton sold 4,055 shares of the firm’s stock in a transaction dated Monday, January 31st. The stock was sold at an average price of $55.07, for a total transaction of $223,308.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Anthony Mascarenas sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $60.00, for a total value of $1,200,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,055 shares of company stock valued at $3,162,479. 1.42% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC grew its holdings in ON Semiconductor by 6.1% during the 4th quarter. Parametric Portfolio Associates LLC now owns 972,197 shares of the semiconductor company’s stock worth $66,032,000 after acquiring an additional 56,183 shares in the last quarter. Allstate Corp increased its holdings in ON Semiconductor by 273.4% in the fourth quarter. Allstate Corp now owns 36,761 shares of the semiconductor company’s stock valued at $2,497,000 after buying an additional 26,915 shares during the last quarter. California State Teachers Retirement System raised its stake in ON Semiconductor by 2.7% during the fourth quarter. California State Teachers Retirement System now owns 753,454 shares of the semiconductor company’s stock valued at $51,175,000 after buying an additional 20,054 shares in the last quarter. NEXT Financial Group Inc lifted its stake in ON Semiconductor by 3,131.2% during the fourth quarter. NEXT Financial Group Inc now owns 12,634 shares of the semiconductor company’s stock worth $858,000 after purchasing an additional 12,243 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in ON Semiconductor in the fourth quarter worth $570,000. 93.12% of the stock is currently owned by institutional investors.
ON Semiconductor Company Profile (Get Rating)
onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.
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Sears is no longer the iconic retailer once was, leaving behind scores of shattered stores, but its landmark buildings are still standing tall. And they’re serving a new community function: homes of entrepreneurs, bringing new life to the local communities.
There was a time retail pioneer Sears ruled the US retailing industry. Its mail order catalogues and retail stores captured the hearts and wallets of middle-income Americans.
That was back in the 1940s through the 1960s when Sears hit one landmark after another. In 1945, the company crossed $1 billion, the equivalent of $13 billion in today’s prices. In 1969, Sears spent $100 million to build the Sears Tower, a 110-story building in downtown Chicago.
But in recent decades, Sears has been losing both the hearts and the wallets of middle-income Americans, closing scores of stores, and striving for survival.
Now, the landmark buildings that were hosting its stores are undergoing a “creative destruction,” as is the case in Houston, where Rice University this year unveiled plans to transform the 270,000 square foot Midtown Sears property into the Ion. The landmark Sears building is currently under construction and the Ion will serve as the hub of Houston’s downtown broader innovation district, and bring new life to the Houston community.
“The Ion will not just be another home for startup companies – it will be welcoming to all Houstonians with engaging programming, job creation, gathering spaces and training programs that support neighborhood residents, says Allison Thacker, President & Chief Investment Officer of Rice Management Company. “The Ion will also link together all of Houston’s institutions of higher learning within our academic network.”
Bob Harvey, President and CEO, Greater Houston Partnership, explains the rationale behind the Ion project. “Houston has long been known as an innovation hub, but we saw a need to rapidly accelerate the growth of our startup ecosystem,” he said. “In taking a deeper look at other successful tech cities, it became clear we needed to build our efforts around a concentrated district of activity.”
“What’s most exciting is the across-the-board buy-in for the project from a network of Houston’s academic institutions, entrepreneurial and business communities and civic leadership. That unprecedented collaboration is helping transform how we think about innovation in Houston.”
Then there’s Cincinnati, where the University of Cincinnati’s 1819 Innovation Hub opened in October 2018 where the city’s first Sears department once stood, bringing new growth opportunities for thecommunity. “As the anchor in our rapidly growing innovation district, UC’s 1819 Innovation Hub is a microcosm of a broader opportunity,” says University of Cincinnati Chief Innovation Officer David J. Adams.
And a source of the next generation of talent, according to Kroger Executive Vice President and Chief Information Officer Chris Hjelm.
“This is a tremendous opportunity for Cincinnati Bell to engage with the University of Cincinnati, which is doing cutting-edge research and producing a pipeline of students who are developing in-demand engineering, marketing, and design skills,” adds Cincinnati Bell CEO Leigh Fox.
And there’s downtown Birmingham, where the city’s Sears on the southeast corner of 2nd Avenue North and 18th Street North has been transformed into the Innovation Depot. “Since opening our doors in 2007, Innovation Depot has catalyzed significant revitalization to the area and has become a physical representation of the changing economy – and Birmingham’s growing reputation as a center for technology startups and entrepreneurship,” says Devon Laney, President and CEO of Innovation Depot. “The Innovation Depot has generated an economic impact of $2.65 billion in the Birmingham area over the last five years.”
While it’s unclear whether these new ventures will accomplish their mission to revitalize the local communities, one thing is clear. Schumpeterian capitalism will always find better uses for precious resources, like landmark buildings.


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Mahan family enjoying quiet life in rural TN
While the Mahans still enjoy country living today, they do so hours away from Tunica, where a convenience and gas store near the corner of White Oak Road and Highway 4 continues to bear the family’s name. The family spent many years in Tunica as farmers and the owners of Mahan Grocery before selling the store 13 years ago.
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Tag Archives: The Settlers Online
Fri, Jun 28, 2013 | 08:10 BST
Blue Byte is throwing a series of special events in The Setttlers Online to celebrate the braoder franchise’s 20th birthday.
Fri, Nov 23, 2012 | 02:53 GMT
Ubisoft and BlueByte have announced a pile of new content for browser-based strategy effort, The Settlers Online.
Wed, Nov 07, 2012 | 17:07 GMT
The Settlers Online will be releases at retail next month, Ubisoft has announced. The strategy game from Blue Byte studio will come in a Standard Edition loaded with “high value content” for £19.99. Besides the game, players will also get an extra resource pack which includes 400 stones, 400 planks, 100 tools and 20 settlers, along with three tactical maps, a troop buff, 4000 gems and “The Nords 1” adventure. These items can be downloaded with a code included in the retail box. The Settlers Online will hit retail on PC December 7 in the UK.
Wed, Apr 18, 2012 | 14:23 BST
Ubisoft has announced Blue Byte’s The Settlers Online: Castle Empire has left the beta phase and has launched. The free-to-play online strategy game can be played right in your browser. To celebrate the launch, an in-game event is going on as we speak. Start playing through here.
Tue, Mar 27, 2012 | 16:09 BST
Ubisoft has announced a retail starter pack for The Settlers Online will be available at retail on March 29. The starter pack for the free-to-play, browser-based title set in the Settlers Universe will include 2500 gems of in-game currency, buildings with infinite resources, and an exclusive general to lead your armies. For Easter, an all-new in-game event starts the same day, which will bring with it new “quests, adventures, special buildings, a new general and a Raving Rabbid statue.” During the event, players will need to search for Easter Eggs, the event currency, which will allow them to purchase in-game items. In the UK, the Starter Pack will run you £11.99 exclusively from the Ubishop.
Tue, Jan 10, 2012 | 17:54 GMT
Ubisoft has announced its browser-based free-to-play strategy, The Settlers Online, has garnered over 1.5 million players since its initial release in Germany, Russia and the US. The firm also announced the European open beta starts today for the Blue Byte-developed title. Known as Castle Empire, you can sign up to play through here. Check out shots from the game below.
Wed, Aug 24, 2011 | 03:39 BST
Ubisoft has announced its lineup of games which gamescom attendees can play before the official releases by visiting the company’s booths at the convention.
Thu, Jul 21, 2011 | 17:06 BST
Here’s a second batch of shorts for your hump day.


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With this new solution called M.O.M. Auction Lister, Dydacomp will be providing a complete connectivity solution for M.O.M. customers selling products over eBay.
Parsippany, NJ (PRWEB) March 12, 2014
Dydacomp, the leading provider of essential order and inventory management solutions to growing small and mid-sized retailers and etailers, today announced its commitment to providing a timely replacement solution to Blackthorne for Dydacomp’s U.S.-based Multichannel Order Manager (M.O.M.®) customers.
Dydacomp has delivered the ability for M.O.M. customers to sell products over eBay® using the Blackthorne integration software for several years. eBay recently announced that Blackthorne will no longer be supported, and its availability will end as of September 30, 2014.
“With this new solution called M.O.M. Auction Lister, Dydacomp will be providing a complete connectivity solution for M.O.M. customers selling products over eBay,” said Fred Lizza, CEO of Dydacomp. “There will be no need for customers to license or subscribe to additional software or services from a third party.”
Dydacomp is field testing the solution with several M.O.M. customers. It plans to offer subscriptions to the new solution to its M.O.M. V8 SQL customers in April.
Dydacomp will continue to offer Multichannel Merchant Interface (MMI) for eBay through Dydacomp’s U.K.-based distributor, Mailsolve Limited for its M.O.M. customers in the U.K.
To learn more about the M.O.M./eBay connection, M.O.M.® Auction Lister, please visit http://www.dydacomp.com/products/ebay-integration-for-mom.
Dydacomp solves the business automation and order management needs of small to medium-sized (SMB) retail and fulfillment businesses. Dydacomp’s latest innovation, Freestyle Commerce, is the next-generation, cloud-based order management solution that provides SMB retailers with a choice in order management solutions, in the cloud or on premise, to meet business needs. Over 2,000 multi-channel merchants rely on Dydacomp’s Freestyle Commerce, Multichannel Order Manager (M.O.M.) and SiteLINK solutions to automate their back office operations and drive business growth. Dydacomp’s clients engage over a million shoppers daily, generating nearly 10 million in gross merchandise sales every day. For more information, visit dydacomp.com and freestylecommerce.com and follow us on Twitter @dydacomp.


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[Shenzhen, China, December 2, 2021] Today, Huawei held its TrustInTech Summit 2021 online, under the theme of “Global Collaboration for
Huawei Ireland has announced details of the second year of its ‘TECH4HER’ Scholarship Programme which offers a total of €90,000
Leaders agree sustainable business operations will bring overheads down and reduce costs Successfully deploying digital technologies could deliver up to
[St. Louis, USA, November 18, 2021] Huawei OceanStor Pacific Storage (Huawei HPDA Lab) took second place in the IO500 list，which
European Parliament – moving forward on NIS2. David Harmon is the EU Huawei Cybersecurity and Privacy Director. The ITRE committee
Brussels – Huawei welcomes the European Commission’s support for the European Startup Villages initiative that seeks to promote innovation and
The Horizon Europe research, innovation and science programme that will operate during the period 2021-2027 has a budget of €95.5
Huawei has participated in the “Rural areas in 2040: Addressing global challenges of rural areas with Smart Villages” high-level debate.


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July 24, 2009 |
DETROIT: GM has named one of its top design executives as the new head of its Cadillac brand. Bryan Nesbitt, who currently serves as GM's North America vice president for design, will become the brand's general manager effective Aug. 1. The appointment of the 40-year-old was one of many announced Thursday by the Detroit-based automaker. GM also named Brent Dewar, GM Europe's vice president for sales, as vice president for the global Chevrolet brand.
November 2, 2010 |
NEW DELHI: An elaborate security drill to prepare for. President Barack Obama's visit has been set in motion. According to top sources in the security wing of Delhi Police , at least three floors, including the one which has the Presidential Suite where Obama will be staying, at the Maurya Sheraton Hotel has been completely sanitized with no guests, visitors or unauthorized hotel staff allowed to enter these floors. According to sources, the virtual lockdown of the floors began on Monday after US security agencies surveyed the area and carried out all necessary anti-sabotage drills.
May 17, 2013 |
BEIJING: China's product safety agency says General Motors Co .'s main Chinese joint venture is recalling Cadillac SUVs to correct a problem with nuts that hold their wheels in place. The General Administration of Quality Supervision, Inspection and Quarantine said Friday that Shanghai GM will recall 2,653 imported Cadillac SRXs. The agency said torque might cause nuts on the wheels to loosen. It said the nuts will be adjusted and tightened. It was not immediately clear if the problem was limited only to such models in China.
August 4, 2011 |
KOLKATA: Even after getting a strong feedback from market for luxury brand Cadillac, GM India has shelved plans to launch it in the Indian market, a company official said. "We have completed a survey on Cadillac and I must say it is having a strong brand recognition," GM India president and managing director Karl Slym said. Slym, however, said that the company was not willing to sell the Cadillac brand in India which GM owns worldwide. "We want to focus on Chevrolet at the moment for which GM India had invested a fortune on building infrastructure like plants," Slym told reporters here at the launch of the diesel version of the small car Beat.
July 24, 2012 |
ATLANTA: General Motors took to a Georgia racetrack to show that its first compact Cadillac in a quarter-century drives as well as a BMW 3 Series. The trickier part will be getting it to sell as well. While the horsepower of the Cadillac ATS is important, its lease payment ultimately may determine the success of the new model. Bayerische Motoren Werke AG's BMW brand and Daimler AG's Mercedes-Benz have fueled much of their growth with monthly lease deals on the 3 Series and C-Class that have, in some cases, dipped as low as $299 a month.
January 12, 2010 |
DETROIT: They're calling it the luxury car of the future that will serve as a "personal headquarters. " It's the Cadillac XTS Platinum concept car, and General Motors Co. unveiled it Tuesday at the Detroit auto show. Concept cars are displayed at shows to gauge consumer interest, and they often are the basis for future products. The XTS, which can run on a rechargeable battery-powered electric motor or a 350-horsepower V-6 engine, has touch-screen entertainment, and navigation and information systems, GM says.
September 20, 2010 |
WASHINGTON: General Motors said on Monday it was recalling more than 20,000 Cadillac CTS and CTS-V vehicles to replace a glove compartment box that could lead to leg injuries in a crash. GM says the recall involves nearly 5,000 all-wheel drive 2009 Cadillac CTS and CTS-V models, and more than 15,000 vehicles from the 2010 model year. Tests conducted by the government found that a front seat passenger not wearing a seat belt could strike the glove box door and sustain leg injuries in a crash.
August 1, 2005 |
MUMBAI: Don't be surprised if you see a Jaguar or an Infiniti stuck in traffic beside you the next time the rains strike. Global high-end auto brands are firming up plans for the Indian market. Recently, General Motors announced that it would soon introduce the Cadillac and the Hummer. DaimlerChrysler and BMW plan to bring in their recent global launches in the Indian market. The Audi, Porsche, Ferrari, Bentley Continental, Rolls Royce, BMW and Maybach cars have already arrived in the country.
November 22, 2006 |
TALEGAON: Been dreaming of off-roading in a Humvee or making a style statement the all-American way in a Caddy? You may have to wait longer to do either. General Motors India, the local subsidiary of the US-based auto giant that manufacturers these legendary brands, has put off its plans to launch the Cadillac and Hummer vehicles in India. GM India, which is keen on capturing a 9-10% share of the Indian market by '10, is looking to play the volume game here and does not see high-end cars contributing to its sales in a big way. "We won't be launching the Cadillac and the Hummer in the near future as they address a very niche market and we don't see them generating big volumes in the local market," said Rajeev Chaba, president & managing director of GM India.
May 7, 2013 |
SHANGHAI: US auto giant General Motors will build a $1.3 billion Cadillac plant in Shanghai after China approved the project, it said Tuesday as it seeks more luxury sales in the world's biggest car market. Construction of the plant -- which will have annual capacity of 150,000 vehicles -- will start in June, GM said in a statement. The factory, the first in China dedicated to making Cadillacs, will come under Shanghai GM, a joint venture with China's SAIC Motor. "Shanghai GM has received the NDRC's (National Development and Reform Commission's)


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Gardein doesn’t make hot dogs.
That may sound like a weird sentence, but keep it in mind. It will become relevant later on.
If you were paying attention to vegan/vegetarian food news back around this time in 2015, you may have seen the headlines: “Report: 10% of vegetarian hot dogs contain meat,” read an article from CNN. Inevitably, vegans and vegetarians were vengefully mocked, with omnivores for some reason relishing the idea that people were unknowingly consuming something that they find unethical. The company also allegedly found human DNA in meat-based hot dogs.
The report was brought to my attention again a few months back, and this time I noticed some peculiarities. I am not a conspiracy theorist, and I am not saying that there is a conspiracy here. But something just doesn’t add up.
The report was produced by a company called ClearLabs, a food safety company that “offers the only automated and intelligent next-generation sequencing platform built for food safety testing.” They offer lots of different complex analyses that I won’t pretend to understand, but the basic idea is pretty cool: they tell you what’s in your food by looking at its DNA.
I wanted to read this report, which focused on hot dogs in general but included vegetarian hot dogs, too, for some reason. This is when things began to get odd.
The CNN article, and many others, provided a link to the report, but it’s gone. If you Google “hot dog report,” you’ll find what appears to be a copy hosted on an Amazon server, not ClearLabs’ website. Why did they try to delete this report from the Internet?
Using the Internet Archive’s Wayback Machine, we can see what the web page used to be, in October 2016. It appears to be the full “report,” which had a lot to say about vegetarian hot dogs, including that “4 of the 21 vegetarian samples we tested had hygienic issues,” and that two out of 20 vegetarian products contained meat. Worse, 2/3rds of the samples in which they found human DNA were vegetarian products. Overall, they found that 14.4% of the hot dogs and sausages they tested were “problematic.”
As pointed out by Snopes, it’s hard to know how much to trust the report. First, this company was completely unknown until the day this report was release; it seems to have been their way to come out of the closet and make a big splash. Second, there’s no real explanation of their methods or how they drew the conclusions that they did (their techniques may be confidential lest they lose their edge over the competition). In addition, their findings are not peer-reviewed, and therefore run contrary to the rigorous standards of science. Similarly, other labs cannot attempt to replicate their findings; they don’t even list all of the brands they tested.
They do, however, list what brands they approve of. Topping the overall list of best hot dogs is Butterball and McCormick, with Oscar Meyer coming in ninth place. Coming in first place in the “specialty” category: Gardein.
But wait. Gardein doesn’t make hot dogs. This absolutely perplexed me. How did a company that does not make a certain product get a resounding review for that product?
Maybe Gardein made hot dogs back when the testing was done. Nope — I called Gardein and confirmed that they do not make, and have never made, vegetarian hot dogs. I have no idea how they ended up on this list.
I tried contacting ClearLabs, sending multiple emails and calling them. The emails went unanswered; someone hung up the phone after the tenth ring or so. (In fairness, emails to Gardein’s media department to see if they were aware of the suspicious report also went unanswered.)
Again, I am not a conspiracy theorist. But this got me thinking: What would stop a company from commissioning an ostensibly “independent” food safety report with the goal of tarnishing their competition?
These things undoubtedly happen. A company like Butterball could have easily paid a company like ClearLabs to put them at #1, and trash their competitors’ product. I am not saying that’s what happened, but it’s certainly possible. I have no hypotheses about why Gardein topped their list of specialty hot dogs when they make no such product; it is possible, I suppose, that vegetarian hot dogs are seen as a threat by companies like Butterball, and customers seeking the highest-rated veggie dog out there may, after searching in vain for Gardein’s, buy a Butterball hotdog instead. (I don’t understand why anyone buys hot dogs, vegetarian or otherwise, but that’s a whole other thing.)
Another interesting fact about this whole ordeal — and I assure you I am not donning a tin foil hat here — is that Mike Taylor recently joined ClearLabs’ Board of Directors.
As noted, he worked for the FDA. Not noted is his time working with Monsanto, an agricultural goliath that people love to hate. While the fear of GMOs is overblown, Monsanto’s predatory and unethical business practices are undeniable. I am not saying that Taylor had any involvement in these things, or that Monsanto had any involvement whatsoever in the report — indeed, I can’t find anything about Monsanto involvement in the meat industry at all — it’s just an interesting fact that I didn’t want to leave out.
So that’s the mystery: a company that does not make a product ended up at the top of a list of manufacturers of that product in a somewhat sketchy report that has since been buried (unsuccessfully). And everyone is keeping their mouth shut. Make of it what you will.


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Burger King is testing a new, plant-based version of the Whopper Sandwich in St Louis USA, using an Impossible Meat patty. In a new video, Burger King surprised its guests by serving the Impossible Whopper instead of the classic meat patty and filmed their reactions.
Starting today, 59 BK restaurants in and around St. Louis will be testing the Impossible Whopper — a flame-grilled, Impossible patty topped with freshly sliced tomatoes, fresh lettuce, creamy mayonnaise, ketchup, crunchy pickles, and sliced white onions on a toasted sesame seed bun.
Burger King’s press release states: “The Impossible™ WHOPPER® is, “All WHOPPER®. No beef.” It’s as juicy, craveable and delicious as the original WHOPPER®. The limited-time offer makes BURGER KING® restaurants the first coast-to-coast quick-service restaurant to serve the award-winning, plant-based meat from food startup Impossible Foods, maker of the Impossible™ Burger.”
BK states that 2.1 billion Whoppers are sold each year around the world, so this has a potential to be a hugely influential move for the firm and for veganism.


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The Demise of the CMO–(Adweek) CMO’s are leaving their jobs at a fast clip. The latest announcement is from Kraft. The cause– ill-defined jobs and lack of connection with ROI. CIQ: This article makes a good point that, in order to be effective, CMOs need to be less about fuzzy marketing and more about data and analytics. Perfect territory for those in the online space who tend to be data-centric.
Thumb Your Way to Retail Therapy— (NYT) New services are letting you buy products simply by entering a text number. CIQ: A superb idea. We can really identify with one person who says, “I have stacks of things I’ve ripped out of magazines. At the end of the month, I have 50 things on my desk, and I’ve never bought them.”
Newspaper Sites Up 15%–(Center for Media Research) This according to research firm NAdbase. The report says that newspaper Web sites have contributed to a 13.7 percent increase in total newspaper audience for the coveted 25- to 34-year-old demographic and a 9.2 percent increase for 18- to 24-year-olds. CIQ: Good news for flagging newspapers. But CPMs must increase for the business model to continue to work.


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A new day, and some new deals. Let’s see what kind of tech is on sale today.
The post Android Deals – Sept 15, 2014: Headphones, Cases, LG G3, Galaxy S5, and More appeared first on AndroidHeadlines.com |.
Got an iPhone?Download Drippler 2.0
Notify me when Drippler 3.0 comes to iOS.
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Sony has announced that eARC support has arrived on its latest line of AV receivers and soundbars, as part of the upcoming HDMI 2.1 specification.
Sister brands Pioneer and Onkyo are gearing up to offer Enhanced Audio Return Channel (eARC) support as part of a wider shift to HDMI 2.1.
The 2018 edition of CEDIA expo opened its doors with a new look but the same great offering of home technology to talk about at the San Diego Convention Centre.
Charlotte Ashley looks behind the doors of an award-winning feat of technology integration and home design in Portugal with Joel Reis, owner of installation company Life Emotions.
In what continues to be a busy period for Amazon’s R&D department, the company has announced that its newest Amazon Fire TV Stick 4K model offers Dolby Vision, Dolby Atmos and 4K HDR support for a mere $50/£50.
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Results 1 to 9 of 9
06-28-2013, 03:37 PM #1
- Join Date
- Apr 2011
Xbox One doesn't come with a headset because it includes Kinect, Microsoft explains
The Xbox One doesn't come with a headset because it includes Kinect, Microsoft has explained.
While the cheaper 4GB Xbox 360 models do not come with a headset, the high-end Xbox 360 models do, which led some to wonder whether Microsoft would pack one in with each £429 Xbox One.
Microsoft isn't, the company confirmed. And, it explained to Ars Technica, that's because each Xbox One console comes with the new Kinect, which itself includes a microphone.
Originally Posted by Microsoft
The Xbox One uses a proprietary jack while the PS4 has a standard microphone jack.
The Xbox One headset, sold separately, is called the Xbox One Chat Headset. Microsoft is yet to announce a price for it.
If you don't fancy that, there are some third-party options, courtesy of Turtle Beach.
Microsoft has announced that you will be able to keep using your Xbox 360 headset with Xbox One after all - although you'll need an adaptor to do so.
The new information emerged last night via the official Xbox Support Twitter account
Originally Posted by a Microsoft spokesperson
It's been doing big rounds over the internet, but none of this would've happened if Microsoft weren't dicks and allowed all forms of headsets/headphones compatible with Ecboc One not just their owns and other companies who can afford their bs license.
06-28-2013, 04:06 PM #2
This is one complete failure of a console. I hate the sound of Kinect mics...
MICROSOFT WHAT THE FUCK ARE YOU DOING?!?!
06-28-2013, 04:18 PM #3
Thats the stupidest thing ever. The kinect is the most obnoxious thing every to hear people talk through (sorry demon). And the fact that you have to BUY a fucking adapter is freaking ridiculous.
06-28-2013, 04:21 PM #4
Microsoft needs to step up their game before they get stomped on at release
06-28-2013, 04:39 PM #5
Anyone with a playstation Move as their mic instantly gets muted by me.... so this is a horrible idea
06-28-2013, 04:43 PM #6
Lol you can barely hear people out the kinect mic
06-28-2013, 04:47 PM #7
06-28-2013, 05:08 PM #8
My god. I'm like, so done with Microsofts up and down business. PS4, here I come.
06-28-2013, 07:10 PM #9


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According to an Automotive News report, every next-generation Audi A8 will be electrified. The company plans to swap out the decades-old 12-volt power system on its flagship sedan in favor of a 48-volt power system, meaning every A8 will technically be a mild hybrid.
Basically the system will center around a 48-volt lithium-ion battery pack, which will recapture and store energy from the braking system during coasting and stopping. The additional voltage of the car’s wiring will also allow the engine to shut down during coasting as it will be able to run on electric. Audi says it can coast up to 45 seconds with the engine off between speeds of 19 to 99 mph.
Audi claims that the system will also add power to the A8. The system will be able to generate about 12 kW of power, which is enough to reduce fuel consumption by about 0.7 liters per 100 km in the European drive cycle.
This isn’t the first time we’ve seen 48-volt systems popping up. Mercedes-Benz is rolling out a 48-volt electrical system on the refreshed S Class that launches next month. You can expect both Audi and Mercedes-Benz to trickle the system down to the rest of their product lines rather quickly.
Audi will be revealing the new A8 and further details of its powertrain system on July 11th during the company’s first “Audi Summit.”