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Unilever’s chief financial officer has defended the company in its row with Tesco over price rises for household brands ranging from Marmite to Persil, describing the increases as “normal”.
Tesco is running low on stock of a number of Unilever products – including Marmite, Ben & Jerry’s ice cream and Lynx body spray – after the Anglo-Dutch consumer goods company halted deliveries as a result of the dispute.
Unilever is one of Britain’s biggest suppliers of branded food and household goods and claims its products are found in 98% of UK households. Its brands also include Comfort, Dove, Hellmann’s, Magnum, Persil, Vaseline and PG Tips.
The company is trying to charge Tesco an extra 10% for its goods, blaming the pound’s fall against the euro and the dollar since the Brexit vote on 23 June.
The row will be embarrassing for the supermarket’s chief executive, Dave Lewis, who was previously Unilever’s UK and Ireland chairman.
Graeme Pitkethly, Unilever’s chief financial officer, insisted on Thursday morning that price increases to offset rising costs were a normal part of doing business. “We are taking price increases in the UK. That is a normal devaluation-led cycle,” he said.
He said he was confident the dispute would be “resolved pretty quickly”.
The UK accounts for less than 5% of Unilever’s business, Pitkethly said, as the company announced better than expected quarterly results after pushing through price increases around the world. The company posted underlying sales growth of 3.2% for the past three months, ahead of analysts’ expectations.
UK consumers, however, have been told to brace themselves for price rises. Pinar Hosafci, a senior food analyst at Euromonitor International, said: “Brexit has been a trigger that started this and it is likely that other companies, which are reporting in euros, including the likes of Nestlé and Ferrero, will follow suit. This move could be more detrimental to Tesco than Unilever, which owns a number of power brands that are either leading or at best ranking in the second place.”
The British Retail Consortium said shops would be doing their best to hold down prices for customers, but that the impact of the falling pound would eventually work its way through to shelf prices. Helen Dickinson, chief executive of the BRC, said: “Retailers are firmly on the side of consumers in negotiating with suppliers and improving efficiencies in the supply chain to control the inflationary pressure that is building through the devaluation of the pound.
“However, years of falling shop prices and higher costs have left limited scope for retailers to continue absorbing this pressure, and everyone in the supply chain will need to play their part in maintaining low prices for consumers.”
The big supermarkets are likely to fight particularly hard to prevent price rises as they are all battling to stop consumers taking their trade to discounters Aldi and Lidl, which sell more own-brand goods.
Downing Street refused to comment on how retailers and suppliers should respond to the fall in sterling. A spokesman for Theresa May said: “It is a decision for companies how they market and sell their products … It is a commercial decision.”
Nick Lee, professor of marketing at Warwick Business School, said both Unilever and Tesco were gambling on their customers being loyal: “They need each other but are jockeying for best position in a new uncertain environment. I expect we’ll see a lot of this in the coming months as players in this space look to renegotiate deals, and try to play on public sympathy to pressure their negotiation partners.”
Roy Williams, the managing director of the supply chain consultants Vendigital, also said the Tesco row would be the first of many: “More disputes over prices are likely in the coming months, as many of the currency hedges that suppliers put in place to protect them from exchange-rate changes start to run out. Ultimately, the effect of these cost increases will be felt by consumers.”
Shares in Unilever and Tesco opened lower on Thursday, with Unilever down by 2% and Tesco falling by 2.5%.
Neil Wilson, a market analyst at ETX Capital, said: “Against the backdrop of its spat with Tesco, the statement … highlights how cost pressures are creeping into UK retail, potentially knocking dividends and share prices for a number of well-known stocks.”
Unilever has also tried to charge other retailers more, including Sainsbury’s, Asda and Morrisons. Speaking on Wednesday night, a source said: “Unilever is using Brexit as an excuse to raise prices, even on products that are made in the UK.”
Marmite is produced in the UK in Burton-on-Trent, but Unilever pointed out that commodities are priced in dollars, affecting the cost of products even if they are made in Britain. The company reports in euros.
Tesco said: “We are currently experiencing availability issues on a number of Unilever products. We hope to have this issue resolved soon.”
A spokesman said the supermarket was offering Unilever products as usual in stores, even though they had vanished from its website.
Meanwhile, Marmite fans appeared unfazed by the dispute, posting pictures of bare-looking Tesco shelves on social media and, in one case, putting a used jar of Marmite up for sale on eBay for £100,000.
Eamon O’Hearn, the GMB union’s national officer for the food industry, said: “It’s very common for suppliers and retailers to renegotiate supply contracts but super-rich companies like Unilever must not be allowed to exploit the government’s chaotic handling of Brexit as an excuse for making workers and shoppers pay the price.”
Nicholas Hyett, an equity analyst at Hargreaves Lansdown, said: “Tesco may choose to stand its ground on pricing, but history suggests that if other retailers can stomach the increase, consumers will be willing to stump up to get their Unilever fix.”
He noted that Unilever had raised prices by 15.5% in Latin America after a currency devaluation. Despite the increase, consumers largely kept buying its products, with sales volumes down 5%.


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| Dec 3, 2013
| 2:07 PM
(In U.S. dollars unless specified)
By Susan Taylor and Solarina Ho
TORONTO, Dec 3 (Reuters) - U.S. retailers looking north in
their quest for growth should consider the frosty reception
Canada has so far given trendy discounter Target Corp a...
| Jul 17, 2013
| 9:59 AM
A Nordstrom Rack is slated to open fall 2014 at the Palm Beach Outlets currently under construction in West Palm Beach.
The rack stores, a division of Nordstrom Inc., sell shoes, apparel and accesories at 30 to 70 percent off from regular prices found...
| Nov 27, 2013
| 7:02 AM
(Adds ComScore e-commerce forecast)
By Dhanya Skariachan, Lisa Baertlein and Phil Wahba
CHATHAM, N.J./LOS ANGELES/WHITE PLAINS, N.Y., Nov 27
(Reuters) - T he 2013 holiday shopping season may end up being
remembered for its ugly sweaters and, for many...
| Nov 14, 2013
| 3:34 PM
American Apparel Inc. struggled with out-of-stock items and high costs as it continued to transition to a new distribution center in La Mirada, resulting in disappointing earnings for the period ended Sept. 30.
The Los Angeles company said its revenue...
| Sep 30, 2013
| 6:30 AM
Luxury retailers such as Coach Inc., in handbags and leather goods, and Tiffany & Co., in jewelry and specialty items, will likely continue to please their stockholders this holiday season, just as they have throughout much of the economic downturn.
| Jul 16, 2013
| 11:51 AM
If the shoe doesn’t fit, you must … sue?
A Pasadena man has filed a lawsuit against Nordstrom Inc., alleging that a sales person at the retailer’s Arcadia store had his 4-year-old daughter try on a pair of boots that were too large,...
| Jul 10, 2013
| 10:05 AM
A group of 17 American retailers, including Wal-Mart Stores Inc., Target Corp. and Macy’s Inc., have signed on to a five-year agreement to help improve safety at garment factories in Bangladesh.
The accord is separate from a legally binding plan...
| Dec 9, 2007
As 2007 draws to a close, a volatile stock market may present opportunities for investors seeking undervalued stocks, because many other investors expect the worst.
If harsh punishment doled out to some stocks turns out to have been excessive, then...
| Oct 13, 2010
After months of planning, Nordstrom Rack is set to open in Burbank next week, joining Ashley Furniture and Burlington Coat Factory as new players in the city's retail mix.
Nordstrom Rack will open Oct. 21 in the Burbank Empire Center, taking over the...
| Jan 26, 2010
| 10:17 PM
Washington's unemployment rate sits 9.5% and it's expected to get worse before it gets better.
Since the peak of employment in early 2008, 180-thousand jobs have been lost here. People are desperate but at the same time, optimistic.
Job seeker Derek...
| Nov 28, 2010
A visitor to the Fashion Show mall in Las Vegas the weekend before Thanksgiving would have been confronted with a casino-worthy winter wonderland tableaux that included two 25-foot-tall half-woman, half-ornament holiday hybrids dripping in red velvet...

domain: news


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Microsoft will launch Windows 10’s first big update at the start of November. The Windows 10 Fall Update has been codenamed Threshold 2, and is expected to be released on the first week of November. It will include many of the improvements that we’ve seen in the Windows Insider program builds.
The update will also include improvements or features that were supposed to be included at launch of Windows 10, but were delayed for various reasons.
Windows 10 Fall Update will be the default version once it’s released. Any Windows 10 device bought after November will have this version and the previous versions will disappear forever.
The update will arrive both as a digital Service Pack, and in a CD format, like in old times. How do you get this update onto your machine? Nothing. The update will be downloaded automatically.
What else will be in the update? Cortana will have better local integration (you will, for example, be able to ask Cortana to book you a taxi). Skype will also be better integrated, the Edge web browser will be optimized, etc… Expect only tiny refinements, not something revolutionary – for now.


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As Netflix continues its recent voyage into millions of homes in Western Europe, CEO Reed Hastings revealed last week that the streaming service is aiming to land in a third of international TV households within seven years of each respective country’s official launch of the service, vastly increasing its subscriber base. Hastings discussed the projected goal at the CTAM Eurosummit event in Copenhagen last week, according to Advanced Television.
Drawing upon the projected goal in Hastings’ keynote speech, U.K.-based research firm Digital TV Research now estimates that by 2020, Netflix will have picked up roughly 104 million international subscribers spread across 308 million TV households.
Netflix has recently set out on a series of new European launches, beginning by opening up for business in France last Monday. Moving deep into the region this month, Netflix’s latest additions include France, Germany, Austria, Switzerland, Belgium, and Luxembourg. Those add to its presence in the U.K. and Canada, Nordic countries like Sweden and Norway, and several countries in South America.
TV households overseas have already been predicted to become a major source of paying subscribers for Netflix, with data from IHS indicating that European subscribers could make up as much as 20 percent of its subscriber base by 2015. While these numbers are somewhat staggering considering how quickly the subscriber numbers are projected to rise, the predictions may not come as much of a surprise to some experts and analysts.
Netflix announced back in February that it was taking on an additional $400 million in new debt in part to aid in its conquest of Europe. The new estimates from Digital TV Research seem to show that Netflix’s cash infusions could pay off big in the long run. For example, the firm predicts that Netflix will have secured roughly 8.3 million new French subscribers across 27.7 million TV households by 2020. Below is a table of the firm’s projected figures for each nation with official Netflix service outside of North America.
Of course, these are all predictions, and Hastings may have been slightly bullish in his estimates. After all, he was speaking directly to some of the international television industry’s biggest players, including potential investors and competitors. Still, the company has been impressively on-the-mark when it comes to its predicted expansion thus far. Considering international subscribers will be key to the financial security of Netflix in the coming years, it is likely that it will continue to push into households at a rapid rate, ensuring its place as one of the most dominant services of its kind on the planet.
- Cyber Monday: get this 24-inch Smart TV for under $100 today
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- Netflix launches new low-cost tier — here’s how to get it
- This 55-inch QLED 4K TV is so cheap it could be a mistake
- Netflix to crack down on password sharing starting in 2023


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EEOC wins discrimination ruling against Family Dollar
EEOC wins ruling in Chicago
Published 5:30 am, Friday, March 14, 2008
Family Dollar Stores lost a bid in federal court to dismiss a racial discrimination lawsuit by the U.S. Equal Employment Opportunity Commission.
The agency sued the retailer, known for selling items for $1 or less, following an investigation that a store manager in Chicago harassed employees because their skin was "too dark."
Family Dollar asked for dismissal of the suit, saying it failed to state a claim for relief.
A plaintiff "is only under an obligation to provide 'operative facts' or facts that 'outline the bases' of the claims," U.S. District Judge Samuel Der-Yeghiayan in Chicago wrote this week. "We find that the EEOC has satisfied each of these obligations."
Latest Business News
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Der-Yeghiayan said a status hearing scheduled for next week will proceed.


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The Oil Marketing Companies (OMCs) had a good month, with sales up 14 percent year over year to 1,692-kilo tonnes, which was an all-time record. Despite the Eid holidays, which lasted a week, revenues increased.
According to an analyst report by Ismail Iqbal Securities, the increase is due to the restart of economic activities, which saw HSD grow by 11% and MOGAS grow by 15% in May 2021.
Topline Securities, another brokerage house, claims that the increase is attributed to a lower baseline from last year, when the lockdown decreased economic activity and resulted in fewer working hours. However, there has been a noticeable resurgence in economic activity, which has been aided by the harvest season, improved automobile sales, and greater energy generation, all of which have contributed to higher petroleum product sales.


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Next time you drop into your neighbourhood kirana store - or for that matter that close by hypermarket - scout around for something new and fresh that comes in a wrapper.
Chances are you will have to be satisfied with a 'new and improved' avatar of the same old shampoo, a 'fortified' version of biscuits that you've been having for the past five years or the old hair oil in a new bottle, screaming 'advance' formula.
The wrapper has changed stripes, but the product has stayed the same. And for good reasons.
Why Campbell's in a Soup
In an economy that's just about staying afloat, listed entities, under pressure to earn applause quarter after quarter, are finding it a tall task to grandmother a new product from the lab to the rack. Market analysts say that the past few quarters have seen a marked "moderation in the pace of new launches" and a virtual absence of new ones.
"Sustained inflationary pressures in raw mat-erial and packaging materials have restricted the ability to spend aggressively on new launches," says Gautam Duggad, fast-moving consumer goods (FMCG) analyst with Prabhudas Lilladher, a financial services company.
Well, for starters, brand building can be a loss-making activity for the first two to five years depending on the category one plays in. Building a new brand can be high risk, low return activity, as ITC, that turned the corner in its FMCG business in about three years, exemplifies.
India's Top 10 FMCG Categories
The top performers here offer a snapshot of changing India. Ever thought of chyawanprash & coconut oil as FMCG stars?
Saloni Nangia, president of Technopak, a consultancy, agrees to that, but feels that the situation is temporary. "Brands have their gestation periods and might not be able to deliver before a couple of years.
Again, it's a matter of stabilising the margins. Once that is tackled, brand building will come to the fore again," she says.
Improved, Advanced, Plus!
Analysts across the board agree that these days the average success rate of a new brand is down to about 5% of the total launches. This has led to major changes in the traditional FMCG product life cycle.
Harish Bijoor of Harish Bijoor Consults Inc says that of the 220 new-to-market FMCG brands launched in the past two years, only 16 could be considered as brand successes. The life cycle of a domestic FMCG brand has changed: the time given to a new product or brand to find consumer acceptance has come down to a couple of months.
Therefore, instead of new brands, there have been extensions of existing 'power' brands to new categories. So while Nestle's Maggi is now associated with ready-to-eat paneer dish, Marico's hair oil brand Parachute also has a new avatar as a body lotion.
There is a significant cost differential between marketing a product, which is launched under an existing brand compared to a product that is launched under a new-to-market brand name. An average all India launch of a new FMCG product, discounting the highly competitive categories, can cost in the range of `2-3 crore. The cost can be tripled if it's a new-to-market brand name.
The slowdown in new brand introduction, says Bijoor, is a direct result of brand launches being driven by finance function rather than brand equity.
The FMCG companies disagree. While they maintain silence on brand extension decisions, companies say that product launches are driven by seasonality and consumer demand. "Financials are a consequence of brand launches and not the other way round. The finance function should not drive the marketing and branding function of an FMCG company. Again, if the spend is required and the brands are good, one can justify the financials," says Milind Sarwate, group chief finance officer and chief human resource officer, Marico.
Dabur India, which had announced a delay in launch of new products, maintains that inflationary pressures were not the only reason for the strategic decision.
A company spokesperson told ET on Sunday that other reasons included seasonality. For example, Chyawanprash will be launched only in winters. "The second half [of the last fiscal] saw us launch almond hair oil, body bleach and fizzy drinks. There was no point in doing expensive product launches when the consumer sentiment is not right," the spokesperson said.
Sell, Baby, Sell
Yet, as it turns out, we Indians have never been keener to just shut eyes and buy. A Nielsen Global Survey of Consumer confidence and spending intentions for last quarter of 2011 says India remains the world's most optimistic market for the eighth consecutive quarter with a one point increase in consumer confidence (to 122).
All this when about 60% of the global markets surveyed have shown a lower level of confidence.
Another one, this time by the Boston Consulting Group, puts India as the second-fastest growing major consumer market in the world.
Did You know?


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BAIN ALTAGAMMA LUXURY PDF
Altagamma is the global landmark for the understanding of the luxury market. the Worldwide Luxury Market at a glance (Altagamma/Bain&Company ). WORLDWIDE LUXURY MARKET ON A PAGE: AND BEYOND .. Claudia D’Arpizio, Federica is the co-author of Bain Luxury Study, one. That’s the takeaway from the Bain & Company Luxury Study Spring Update, which it unveiled on Thursday in collaboration with Italy’s.
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They include the existence of a growing number of young, increasingly fashion-savvy Chinese consumers who are well aware of the price-value equation. Luxury retail China Luxury purchase behaviour Global. While other regions won’t show the same kind of acceleration, they’re almost all on an upward curve. Agenda Trade shows Catwalks.
Personalisation News Stories of You can change this and find out more here. Digital transparency News Stories of the week News Stories of How to … News Stories of This electronic file is for the personal use of authorised users based at the subscribing company’s office location.
It may not be reproduced, posted on intranets, extranets or the internet, e-mailed, archived or shared electronically either within the purchaser’s organisation or externally without express written permission from WARC. Newsletters Free sign-up Consult our latest newsletter. The access to the reports is reserved to Altagamma Companies. Get a demo Do I subscribe? Latest News Stories of Or try Advanced Search.
What we know about luxury brands Provides marketers with information and guidance about luxury brand advertising. Gucci Who says so? All rights reserved including database rights. It has been hurt by a stronger euro, which has dented purchases by tourists, but some countries have seen stronger consumption Russia, France, Switzerland.
The global market of new boats has a value of 19 billion Euro and Italy is confirmed as the second largest boat producer in the world, after the US, and the first worldwide producer of super yachts. Dubai remains stable and supported by international tourists, while Australia is set to benefit from a larger store footprint.
China will account for almost half of luxury sales | WARC
Please enter your feedback. The fact is that consumers love luxury and just want o buy more product than ever.
Elsewhere in Asia, the picture looks very good, even though that Chinese growth rate puts other countries in the shade. Sign up for daily news. The purpose of the Study, conducted by Deloitte and Altagamma for Nautica Italiana, is to analyse the main trends of the global boating recreational market classified by the main vertical sectors and business segments of the industry.
Get a demo or Log in. However, the UK and Germany have both experienced a slowdown, although in the case of the UK that’s not a surprise, given the surge seen in after the Brexit vote and how much the pound has strengthened in recent months.
Influencers News Stories of Abstracts are available in the press releases area. Free sign-up Consult our latest newsletter. Altagamma is the global landmark for the understanding of the luxury market.
Send me a copy of this email as well. Explores the changing behaviours and expectations of luxury consumers whose idea of luxury is becoming more experiential and immersive, and driven by technology and on—the—go lifestyles.
I wish to subscribe for free to FashionNetwork’s daily newsletter exclusive for fashion, luxury and beauty professionals. Every year the Foundation releases eight researches conducted in partnership with some of the most prestigious international partners.
And the final trend is bajn people are buying more luxury goods. The report said that Chinese consumers, especially from the millennial demographic, are key. So who do we have to thank for the growth? But it’s not only the consumer who will power that growth. Latest category insights straight to your homepage A new Evidence series on key marketing questions Category campaign data from recent case studies.
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MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) has announced a restructuring plan that will see the company lay off approximately 250 employees, close facilities, and exit the data center optical module and transceiver space. The company expects to save approximately $50 million annually once it has made all of the changes. The news comes alongside a restating of guidance for the company’s fiscal third quarter that sees MACOM management expecting to miss revenue guidance by a bit less than $15 million at the midpoint.
The approximately 250 hourly, salaried, and management employees who will suffer from the job action represent about 20% of MACOM’s workforce. The layoffs will hit the research and development, production, sales and marketing, and general and administrative ranks. “Substantially all” of the targeted employees have learned of their fates, the company says. The headcount reduction will coincide with the closing of seven product development facilities, including locations in France, Japan, the Netherlands, Florida, Massachusetts, New Jersey, and Rhode Island.
MACOM management says the company also has decided to halt the design and development of datacom optical modules and subsystems. The company expects to remain active in the datacom arena through the supply of semiconductor ICs and photonic devices, including supply of semiconductor components to optical module vendors. MACOM’s move echoes that of Lumentum, which sold its Oclaro Japan datacom optical module business to Cambridge Industries Group earlier this year in favor of serving that space with optical components (see “Lumentum to sell certain Oclaro Japan optical transceiver lines to Cambridge Industries Group” and “Lumentum closes datacom module business sale to CIG”).
MACOM moved aggressively into the optical domain over the last several years, aided by the acquisitions of such photonics suppliers as BinOptics and FiBest (see “MACOM to add laser technology via BinOptics acquisition” and “MACOM jumps into TOSAs/ROSAs with FiBest acquisition”). The company’s website continues to list a range of lasers, photodectors, receivers, planar lightwave circuits, and optical subassemblies among its product lines. The company also continues to list its Laser Photonic Integrated Circuits (L-PICs; see “MACOM CWDM4 L-PIC targets 100G data center networks”).
Company management say they expect approximately $14 million in restructuring charges, including $7 million for employee severance obligations, as a result of its planned actions. Most of these charges will be incurred during the third fiscal quarter of 2019. Speaking of which, the company has reduced its guidance for the third fiscal quarter of 2019. Revenues are now expected to fall between $107 million and $109 million, versus the previously guided $120 million to $124 million. MACOM cites the ban on sales to Huawei for the anticipated shortfall, alongside fewer shipments to certain distribution channel partners.
Non-GAAP gross margin is now expected to be between 39% and 41% (versus the previous guidance of 53% to 55%) and non-GAAP adjusted earnings per share is now expected to fall between a loss of $0.41 and $0.45, figures that don’t include the impact of the restructuring. The company has earlier guided non-GAAP adjusted earnings per share of as a loss of $0.08 to a loss of $0.04.
For related articles, visit the Business Topic Center.
For more information on optical components and suppliers, visit the Lightwave Buyer’s Guide.


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Xbox One, Microsoft's next generation video game console, will be launched in 26 countries, including India in September. Xbox One was released in North America and Europe on 22 November.
Though the exact release date is not known yet, Microsoft has said it will be making its new product available to people in Argentina, Belgium, Chile, Colombia, Czech Republic, Denmark, Finland, Greece, Hungary, India, Israel, Japan, Korea, Netherlands, Norway, Poland, Portugal, Russia, Saudi Arabia, Singapore, Slovakia, South Africa, Sweden, Switzerland, Turkey and UAE.
"It's time to ensure even more fans around the world can enjoy Xbox One. So today we're proud to share that it will be available in 26 additional markets in September this year. We'll have much more to share at a local level towards the end of April, so stay tuned," said Yusuf Mehdi, chief marketing and strategy officer at Xbox in a blog post.
Sony's PlayStation 4, another next generation console, had made its North America debut on 15 November and was released in 53 countries, two months after its US launch. But Microsoft rolled out Xbox One in only 13 countries till now.
Though there has been no details on the pricing of the new console, ideally it must cost around $100 less than PlayStation 4. The cost of PS4 in India is 39,990.
Both Xbox One and PlayStation 4 have 8GB RAM, 500GB hard disk, a Blu-ray disc and DVD drive, USB 3.0, AUX port, Ethernet, Wi-Fi 802.11 b/g/n, Bluetooth 2.1 (EDR), an HDMI out port, and an optical out port.
Xbox One has 2133MHz DDR3 RAM while, PlayStation 4 has the faster 5500MHz GDDR5. The GPUs in Xbox One and PlayStation 4 are similar - two quad-core Jaguar modules totaling 8 x86-64 cores. But Xbox One clocks at 1.75 GHz and PlayStation 4 at 1.6GHz, which is relatively insignificant.


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Data is a hot topic around the world. Between hearing about a new data breach every month and constant news cycles talking about Facebook and Google testifying before the US Congress, data privacy and protection is always being thrust into the spotlight. Unfortunately, ecommerce companies simply cannot survive without data. This means that breaches and privacy concerns will continue to be a discussion for your customers.
Why Should You Care?
Though data breaches and privacy are talked about so often, many businesses fail to understand why this could have such a large impact on an ecommerce company.
Though hackers have existed since essentially the beginning of the digital age, the sheer amount of information and content available today is like a minefield waiting to explode. In recent years, targets of hackers have included celebrities with embarrassing personal content on their phones, large companies with valuable payment information, health systems with confidential medical files, and even vulnerable government agencies. Wikipedia even has a list of some of the largest data breaches since AOL was hacked by an insider in 2004 – and it has 290 entries.
Most breaches occur due to poor data management and lack of security. Even companies that think seem to be getting it right sometimes fail. For example, Under Armour appeared to have done everything correctly when they were breached in 2018. They used strong encryption on customer data, notified everyone on the breach immediately, and segmented their data so important information like credit card numbers and locations were never exposed. However, it was later revealed that they used a mixture of strong and weak encryption to speed up the encryption process.
Because companies rarely understand the technology they are using for to protect their data, they continue to make it easier on hackers to get important information.
Changing Legislation on Privacy and Protection
To combat these constant breaches and privacy violations, there have been a number of proposals on data management legislation around the world. The most notable one is, of course, GDPR since it has already been passed and implemented. However, the EU regulation will likely not be along for long.
In fact, the US seems to be moving closer and closer to some resolution as Congress dives deeper into how the Facebook data breaches occurred and what data collection is actually like within Google. Though it is unlikely for anything to pass right now, companies should be prepared for future legislation regarding data collection, storage, and even uses.
Impacts of Poor Management
But waiting for legislation to force you to protect customer data may not be the best plan. If a data leak does happen to your company, consequences could be severe. From a damaged reputation to lost revenue, the effects of a data breach could significantly hurt your bottom line. Ponemon Institute estimates that the average cost of each compromised record is $148. That adds up quickly when talking about thousands or even millions of records.
Tips for Protecting Your Customer Data
- Use strong encryption/protection software and keep it up-to-date.
- Avoid collecting more data than you need and delete unnecessary information after it has been used.
- Limit access to customer data among your employees and keep them informed on data protection policies.
- Create clear data and privacy policies and make it readily available for your customers.
- Be upfront with customers about any use of third-party data and ensure protection policies cover any use.
Being informed about how data breaches occur and what the effects can be will help your company stay ahead of any issues.


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[credit provider=” via BGR ” url=”http://www.bgr.com/2011/09/15/rim-co-ceo-blackberry-playbook-price-cuts-coming/”]
Good morning! Here’s the news:
- RIM’s co-CEOs are stepping down and COO Thorsten Heins is taking over.
- Here’s a video of the new CEO rambling about why he loves RIM.
- Despite the turmoil, RIM has no intentions of selling to another company.
- A New York Times article sheds some surprising light on why Apple makes iPhones overseas.
- Apple makes more profit per employee than Google and Exxon.
- Co-founder Jack Dorsey says Twitter isn’t exactly social.
- Tumblr has blown past 15 billion pageviews per month.
- Facebook and a Chicago company are in an intellectual property dispute over the word “timeline.”
- Layoffs are underway at flash sales site Gilt Groupe.
- Google just killed a bunch of products, including photo-sharing service Picnik.


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Yesterday, Microsoft CEO Steve Ballmer underscored the importance of his company's Mira technology, which will enable a new generation of detachable, smart, tablet-like display devices that users can carry around the house. Ballmer, who was in Germany for the CeBIT trade show, said the Mira technology, which will ship as part of Windows XP Service Pack 1 (SP1) this September, will let consumers experience XP away from their PCs and will usher in a new era of more relaxed computing.
"Mira does for monitors what the cordless handset did for telephones," Ballmer says. "It frees consumers from their home offices and allows them to enjoy the complete Windows XP experience, including full Web browsing, sending and receiving email messages, listening to music, and editing and displaying digital images, from any room in their homes."
Mira displays will use Windows CE .NET and communicate with XP-based PCs through Wi-Fi, the 802.11b wireless networking standard, and Remote Desktop technology. Companies such as Fujitsu, LG Electronics, NEC, Philips, ViewSonic, and others are working on a wide selection of Mira-enabled displays, including 15" to 20" primary displays that would replace the main display monitor and 8" and 10" secondary displays that would act as remote mobile monitors and could be kept in rooms away from the PC. Microsoft and its partners say that Mira-enabled devices will ship in time for the 2002 holiday season.
"Building on \[our\] expertise in display technologies, we are excited to be working with Microsoft to develop Windows Powered smart display devices that will provide consumers with the mobility they demand while enabling them to access the power of Windows XP," said LG Electronics Vice President Havis Kwon. "The combination of our display technology and Microsoft's Mira technology will quickly establish new standards in home computing and entertainment capabilities and will help drive the adoption of wireless home networking."
In addition, some Mira displays will ship with wireless keyboards so users can more easily interact with their PCs remotely. Typically, Mira devices will offer stylus-based input, similar to a Pocket PC, with an on-screen keyboard for tapping out text messages. Several companies will also offer ruggedized Mira displays that can withstand drops, coffee spills, and even small children.
But Mira's most exciting possibility awaits its second iteration, which might occur with the Longhorn release of Windows, due in late 2003 or early 2004. Mira version 2, Ballmer promised, will do away with the one-user limit Windows XP imposes, letting up to two people access the same desktop PC at the same time, one through the main display and one through a remote Mira secondary display. "The \[Mira\] concept doesn't make sense otherwise, so that will be a version two feature," Ballmer said during a question-and-answer session with the press yesterday. "Well, it will be now," he added, a nod to the fact that two-user access probably wasn't part of the original plan.


text: An enormous, globally diverse food festival called World’s Fare, which is meant to recall the world’s fairs that were held in Flushing, Queens, decades ago, will move into the parking lot of Citi Field this month. Some culinary heavy-hitters like Claus Meyer, Jessica B. Harris and the street food expert K.F. Seetoh of Singapore are helping to set the lineup of 100 or so chefs, food vendors and restaurants that will participate. Craft breweries, art and music are part of it. Tickets, from $19 to $199 are now available: World’s Fare, April 28 and 29, 11 a.m. to 8 p.m., Citi Field, 123-01 Roosevelt Avenue, Flushing, Queens; theworldsfare.nyc.


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Nordic McDonalds are using a Danish Lantmän’s Danpo produced
chicken. Danpo slaughters chickens according to the correct Islamic
manner, as the company’s products are exported to many Arab and Muslim
In traditional halal slaughtering, the animal’s head turned by a
Mekkaa and carotid artery is cut from the animal which is conscious. At
the same time, pronouncing a prayer. In EU countries, the animals are
stunned before slaughter.
In an interview published in Kotimaa, Finnish McDonald Quality
Manager Tiina Partanen says that the method used by the restaurant
chain’s subcontractors is not a traditional halal slaughter, because
the animals are stunned before.
The slaughter is overseed by a Muslim employee who submits aprayer
“Allah, Allah is the greatest” at the beginning of the slaughter, and
every time when the process is interrupted.
Partanen is not taking a position on whether Finnish customers have
a right to know they’re eating chicken, which at the time of slaughter
have an Islamic prayer uttered over them.
“I think the relevant information is that the chicken is
slaughtered in the normal slaughter process. The animals are stunned
before the killing. “
According to Partanen, Finland McDonald’s beef is not halal slaughtered.


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FTX chief says Bitcoin has no future as a payments network
(Reuters) – Cryptocurrency exchange FTX’s founder has said that Bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday.
“The Bitcoin network is not a payments network and it is not a scaling network,” the report quoted FTX founder and Chief Executive Officer Sam Bankman-Fried as saying.
Bitcoin, the world’s largest cryptocurrency, touched its lowest since December 2020 last week after the collapse of TerraUSD, a so-called stablecoin.
(Reporting by Shubham Kalia in Bengaluru; editing by Uttaresh.V)


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Check out the full article HERE
Opus client, Seneca Nation in upstate New York has just announced its project to develop a complete vertically-integrated cannabis operation on the Seneca Tribal Land. Opus is bringing its decade of national cannabis experience assisting with business feasibility & planning, regulatory environment, project management, & implementation of the Nation’s vision.
The Seneca Nation is getting into the legal marijuana business and part of the new operation will be located on sovereign territory in downtown Niagara Falls.
On Tuesday, after the official swearing-in of new president Rickey Armstrong Sr., the Senecas confirmed that construction work being done on property next to the Seneca One Shop fuel station at the corner of John B. Daly Boulevard and Niagara Street will lead to the opening of a cannabis dispensary.
The dispensary, which will operate under the name Nativa Cannabis, is scheduled to be completed early next year with Nation officials saying they hope to open the new business in February.
“After extensive research and planning, the Seneca Nation is excited to create a new, Nation-owned business in the growing and competitive cannabis market,” Armstrong said in a release issued by the Nation. “Nativa Cannabis will join our other business enterprises, including our Seneca Resorts & Casinos properties, Seneca One Stop locations, and Seneca Gaming & Entertainment operations, in diversifying and strengthening our Seneca economy and generating much-needed revenue to support and fund critical programs and services for the Seneca people.”
Seneca officials said the Nation will sell a “range of cannabis products” to people 21 and over out of a 2,500-square-foot building at the site where a Pizza Hut was located before the property was transferred over to the Senecas by the state for the purposes of developing the region’s first Class III casino inside the former Niagara Falls Convention and Civic Center.
According to the nation, the dispensary will feature a drive-thru window where verified customers will be able to pick up pre-placed orders. Initial plans are for the dispensary to operate seven days a week, from approximately 10 a.m. to 8 p.m., with an estimated six to eight employees. Employment levels and operation schedules will be adjusted to meet demand once the business is up and running, Nation officials said.
In addition to the dispensary in the Falls, the Nation, through its development entity Seneca Development, plans to construct a cultivation facility on Seneca territory in the Southern Tier. The 90,000-square-foot building will allow for the initial cultivation footprint to be expanded to accommodate additional future sales demands, Seneca officials said.
The Nation has been working for the last several months with Opus Consulting, a Portland, Maine-based company, to develop plans for a vertically-integrated cannabis industry. The adult-use cannabis industry is estimated to grow to $2.6 billion in New York by 2027, officials noted.
This year marks 20 years of operation of Seneca Niagara Casino, which opened to the public on Dec. 31, 2002 following a $100 million overhaul of the city’s old convention center. The Nation followed with the construction of its 26-story, 604-room hotel and more recently completed a $40 million upgrade to the casino entrance area. Seneca One Stop Fuel station opened amid controversy in December 2016.
Nation leaders say the Senecas have now invested more than $1 billion in various gaming operations and companies in Western New York and those businesses have created thousands of new jobs in and around Erie, Niagara and Cattaraugus counties.
“Achieving financial sovereignty remains our ultimate priority,” said Seneca Nation Treasurer Matthew Pagels. “The Seneca Nation has proven that, when presented with an opportunity, we can create industry-leading businesses on our territories that deliver substantial economic benefits to our people and to the surrounding region. Nativa Cannabis is the next chapter in our growth.”Niagara Gazzette


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Samsung announced the Galaxy Tab Active, a ruggedized tablet with enterprise-level ambitions, at IFA 2014 in Berlin last month. The tablet is one of a huge line of Samsung devices that have already dropped or are going to be released this year. The Galaxy Tab Active is not a high-end tablet, but it is rugged and it’s aimed at the business crowd. The tablet was announced last month but Samsung didn’t give us any details on when it was going to be arriving. Today, the Korean company opened up pre-orders for the device and announced that it will be shipping in the U.S. before the month is over.
The version of the Galaxy Tab Active that is shipping in the next couple of weeks is the Wi-Fi only version. A cellular or LTE-enabled variant may be in the works but hasn’t been announced yet. Pre-orders are open but Samsung is targeting this device at businesses. That means that you probably won’t be ordering one for yourself. You’re more likely to get one from your company if you get one at all.
The Samsung Galaxy Tab Active has some unique features, including its anti-shock covering and IP67 water and dust resistance certification. The whole goal with this tablet is to give it to business people out in the field. Companies can be confident that it will take a beating and keep working. The tablet has a 3.1-megapixel camera on the back, Samsung’s C-Pen technology that gives workers wearing gloves an alternate input method, and a user-replaceable 4,450 mAh battery that is supposed to last 10 hours. Samsung’s CEO JK Shin said this about the tablet when it launched: “Samsung understands today’s businesses have demanding requirements to enable growth. As a trusted global leader in mobile technology, Samsung is ready and able to deliver solutions built specifically for professional-use, featuring innovative offerings and technological capabilities that are unmatched anywhere in the market.”
I can’t find a price for the tablet, just contact information for Samsung’s business division. If you really want one of these, ask your employer to get in touch with Samsung.


text:
The First ever natural hair event is going down on the 16th of this month at the M’C Millian Library Grounds along Kimathi Street and will be hosted by Steve Roots a top natural hair stylist,who is famed for styling hair for celebrities, and owns of The Roots Saloon.
Rocking natural hair is the vibe in town and in a bid to celebrate the beauty of natural hair,the top hair stylist aims to create awareness of the need to embrace natural hair dos and the natural hair products.
The event dubbed My Natural Hair Kenya will see a host of hair experts tackling various issues on hair,hair product usage and styling. The team of experts will include Tole Shuma , a Brand Ambassador from Dark And Lovely, Muli Musyoka, a trichologist who will tackle matters on hair and scalp and Celebrity locticians.
The other activities lined up for the day will include sampling of roots natural hair products, showcasing of various natural hairstyles and a styling competition. The highlight of the occasion will be the crowning of Mr and Miss Dreadlocks Kenya with a special performance by Makadem.
The hair styling competition is expected to open its doors from 12pm- 6pm with no charges at the gate.
The other key sponsors of the event will be Dreadlocks Kenya, Dohty Family Entertainment,System Unit, Genius Entertainment and Roarke & Bartley.
Do Save the date.


text:
Who Are the best Car Manufacturers?
Find out who are the best car manufactures and if you are interested in insurance quotes for a brand new car, check these from the best car insurance company! But first, read the list:
- Honda has a goo reputation for reliability, with many safe vehicles. The Honda Ridgeline leads the automaker’s current lineup, with Accord, Accord Hybrid, and CR-V having also good score. Honda’s core models — the Accord, Civic, CR-V and HR-V — all contributed to the Japanese automaker’s strong 7.6 per cent growth in 2016, allowing it to post total sales of 4,659,737.
- Well known for trucks and SUV, Ford is another giant of the industry. Ford’s F Series of trucks, from the F-150 and up through the range, stamped the American automaker with a solid third-place standing based on 5,856,498 sales overall — despite diminished worldwide returns of the Focus, Escape, Fusion and Fiesta — leading to a year-over-year gain of 2.3 per cent.
- Toyota has boasted top reliability scores for many years, which is one key component of the automaker’s success. The Camry and Camry Hybrid earn a whopping five out of five for reliability. Very few vehicles achieve this honor. J.D. Power awarded the Corolla, Avalon, and Avalon Hybrid each a 4.5. The Toyota Corolla, RAV4, Prius and Hilux all fed growth of the world’s largest producer of automobiles in 2016 to put it ahead of VW by more than 1.1M units, for a grand total of 7,247,524, an increase of 2.7 per cent over 2015.
- The Hyundai Elantra is the top-scoring vehicle in the Korean automaker’s lineup. Next in line is the Santa Fe, alongside the Kia Sorento at the top of reliable midsize SUVs.
- Volkswagen’s emissions scandal has surely impacted its overall worldwide sales, but the company still sold 2.8 per cent more vehicles in 2016, for a total of 6,111,197 units moved.
Visit us for more info and free quotes. Visit our Homepage!


text:
With dedicated foodies hounding the public to be "locavores," consumers of locally grown farm products, and the health watchdogs urging increasingly obese Americans to eat more fresh fruits and vegetables, it is no wonder that the number of farmers markets has soared to 7,175 nationwide, up 17 percent from a year earlier.
Even first lady and nutrition advocate Michelle Obama endorsed and christened a weekly farmers market across the park from the White House.
The markets range from a farmer selling fresh corn and tomatoes roadside from the back of a truck to summer-long tent encampments at the county fairgrounds. Americans enjoy the markets and the vendors enjoy the interaction with their customers, who tend to become regulars.
But just because the fruits and vegetables look good and the person selling them looks like a farmer doesn't make the produce any safer than what's available at a bricks-and-mortar supermarket.
Last summer in Oregon, strawberries tainted with E. coli killed one person and sickened 16 others. "Natural" doesn't equate with "hygienic." Mother Nature had contaminated these strawberries naturally, by deer feces. Oregon requires vendors to sell only what they grow, but some of these strawberries were purchased and resold four times before they reached the consumer.
As Carol Guensburg of Scripps Howard News Service reports in her look at food safety in farmers markets, an even worse outbreak followed that summer. Cantaloupes tainted with listeria bacteria -- some of which were sold at farmers markets -- killed at least 30 people and sickened 46 others in 28 states last summer. The outbreak was traced to poor sanitation in a single Colorado farm.
Foodborne illnesses are not just a Third World problem. In the U.S., they kill 3,000 and send 128,000 to the hospital each year. The federal government doesn't have the staff or the funds to do exhaustive monitoring, and its recently tightened food-safety laws exempt small farmers and producers. In the last few years, at least 20 states have introduced or passed legislation that lets individuals sell homemade foods direct to customers -- yes, at farmers markets -- often without inspection or oversight. Some states permit the sale of salsas, pickles and other higher-risk items.
In other words, government isn't always looking out for you. State and local governments decide whether to inspect farmers markets, how extensively and how often. Farmers-market industry groups are introducing voluntary standards, guidelines and best practices to protect their customers and their businesses.
Farmers markets are a welcome, and healthy, supplement to the American diet.
But don't be shy about asking questions at your local farmers market. If they're any kind of farmers, they'll be happy to talk your ear off. And do what your mother told you: Scrub those raw fruits and vegetables, and wash your hands.
Published Aug. 1, 2012, in Allied News. Pick up a copy at 201 A Erie St., Grove City.


text:
Tesla owners will soon find that they can no longer charge up to 100 percent at some Supercharger stations.
The car maker has opted to limit charging to 80 percent at some of its busiest stations, according to a report in Electrek. "Today, we released a new Supercharger feature that will limit owners’ State of Charge (SOC) to 80% at select high-traffic sites," Tesla told employees in a memo obtained by the site.
The new limits will reportedly apply to 17 percent of U.S. charging stations. In some cases, the limit will be in effect at all times, while some stations will only have limits during holidays and "large regional events," like music festivals. Tesla says it expects the change to "result in a 34% improvement in throughput at our busiest Supercharging locations" and that Tesla owners will be alerted to the limit when they show up at an affected station.
Tesla recently unveiled its V3 Supercharger, which can charge up to 1,000 miles an hour and can cut total charging time in half. But until it's widely available — the V3 won't be widely available in the U.S. until later in 2019 — these types of measures will be necessary to help keep wait times low.
That may seem like an inconvenience, but Tesla is apparently betting it will be worth the tradeoff to ensure that people can get in and out of busy charging stations without unnecessarily long waits. And, even Elon Musk himself has acknowledged that you may be better off not charging up to 100 percent anyway.


text:
Harmonix is working on an Xbox 360 and Xbox One title called Fantasia: Music Evolved.
The game, due out in 2014, transports players to a breathtaking world where music and magic combine to transform extraordinary interactive landscapes in entirely new and creative ways” according to the press release.
It is controller-free and includes music from the likes of Bruno Mars and Queen. Players will be able to remix songs on the fly as well as access preset remixes made specifically for the game.
Here’s the launch trailer:


text:
70% of affluent millennials planning international travel over next year
Reaching Affluent Millennials is BBC World News’ award-winning study into the generation known as “Millennials” (16-34-year-olds).
BBC World Service presenter Ros Atkins, outlined the findings at WTM London in a roundtable session in which experts discussed the role brands have in the lives of AMs, what external factors influence their travel decisions, and what Affluent Millennials look for when it comes to travel and travel-based marketing.
The global web index estimates there are over 940 million millennials, and in defining “affluent”, the BBC took the top 25% of incomes of each of the countries taken on. 21.5 million Affluent Millennials across eight countries surveyed (Australia, USA, France, Germany, South Africa, Singapore, Hong Kong and Canada) are planning to take an international trip this year. They are 18% more likely to travel for leisure multiple times per year than Gen X or Baby Boomers. The study found that two thirds of Affluent Millennials went on an international holiday last year, and 70% are planning a trip for the next year. Furthermore, Affluent Millennials are 92% more likely to stay at a premium hotel than their non-affluent counterparts. The study sought to find out what is distinct about this generation when it comes to relationships with brands, media and advertising.
“These are heavy leisure travellers”, says Atkins. “These are people who want to move and have quite specific requirements from holidays, and they are definitely not the same as the requirements of Generation X or the Baby Boomers.
The USA tops destinations sought after by European AMs over the next year, followed by Spain, UK, Germany and Greece.
Haitham Mattar, CEO, Ras Al Khaimah Tourism Development Authority spoke at the conference of a similar survey conducted by his government: “There is a great deal of individualism. They want everything to be specific to them. They are looking for luxury indulgence. What is the luxury hotel going to deliver in terms of experience that they can take away?”
Anthony Berklich, Founder of Inspired Citizen added, “They have big egos; they want to show off a little bit, so creating experiences that are individual and tailored to them makes them feel special and speaks to the fact they want to share the experience on social media with their friends and family. But you also have to speak to their heart”.
THESE ARE PEOPLE WHO WANT TO MOVE AND HAVE QUITE SPECIFIC REQUIREMENTS FROM HOLIDAYS
Photo: Ros Atkins, BBC World Service presenter.


text:
|By NeonDrum News||
|April 26, 2013 03:04 PM EDT||
A "no-holds-barred" look at the impact of the digital economy has been published in China for the first time.
First published last year in Europe, the book, "Unzipping the Digital World", was written by Keith Willetts, the founder and Chairman of the TM Forum - the global industry association that helps its members create, deliver and operate communications and cloud-based digital services.
Subtitled "How to Thrive and Survive," the book examines the market drivers, opportunities and threats that the digital world is creating for many companies, especially in the communications and IT sectors and lays out a series of practical steps to show how today's giants can exploit the digital world and avoid the fate of digital casualties like Kodak, MySpace and the music publishing industry.
The book was translated with the help of AsiaInfo-Linkage, China's largest telecommunications operational software and services company. CEO Steve Zhang, who also wrote a foreword for this new edition, said the company was proud to have helped bring the book to a Chinese audience.
"This book has lessons for many industries and I am sure that both the current and the future generations of business leaders in China will find much to learn from the book and the experiences that are so clearly explained and analysed."
Mr. Willetts is signing copies of the Mandarin edition of his book during an international executive summit in Beijing on 26th April, organized by AsiaInfo-Linkage and hosted by China Unicom. The summit addresses IT transformation for the telecommunications industry in the new digital economy, and Mr. Willetts will give a keynote speech at the event. All participants at the summit will receive a signed copy of the book.
In the book, Mr Willetts examines the digital explosion powered by the massive rise in global connectivity, the rapid evolution of cloud services, and the enormous advances in smart devices. He unzips the market to dissect the emerging digital ecosystem - a battleground he likens to a digital version of the American Wild West.
Mr Willetts also offers numerous tips and advice on what companies need to do to thrive and survive, and his thoughts on the fate of companies that don't change quickly enough may make uncomfortable reading for some.
"Change brings opportunity but it often damages the established order," said Mr Willetts. "With the digital world driving the most profound shift we've ever seen there will be a lot of both - and it will happen much faster than many people think."
Unzipping the Digital World provides lessons for every industry, but particularly focuses on the communications sector which is simultaneously a key enabler of the digital world but also a sector under major threat.
Mr Willetts explains that in order to prosper in this digital world, companies need visionary leadership, speed, agility, innovation, and the ability to deliver outstanding customer experience and manage partnerships highly effectively. They must also learn how to "master" Big Data and turn it from worthless ‘lead' into information ‘gold' he writes.
"These are messages that resonate with AsiaInfo-Linkage," added Mr Zhang, "and we certainly pride ourselves on the technology and support we can provide to our own customers for Big Data analytics. As we ourselves enter the European market for the first time, we are pleased to help launch this book in China."
The list of ‘new paradigm’ technologies that now surrounds us appears to be at an all time high. From cloud computing and Big Data analytics to Bring Your Own Device (BYOD) and the Internet of Things (IoT), today we have to deal with what the industry likes to call ‘paradigm shifts’ at every level of IT. This is disruption; of course, we understand that – change is almost always disruptive.
Mar. 27, 2015 01:00 PM EDT Reads: 881
SYS-CON Media announced today that 9 out of 10 " most read" DevOps articles are published by @DevOpsSummit Blog. Launched in October 2014, @DevOpsSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce softw...
Mar. 27, 2015 01:00 PM EDT Reads: 2,343
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
Mar. 27, 2015 12:45 PM EDT Reads: 1,048
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
Mar. 27, 2015 12:00 PM EDT Reads: 1,258
SYS-CON Events announced today that Site24x7, the cloud infrastructure monitoring service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Site24x7 is a cloud infrastructure monitoring service that helps monitor the uptime and performance of websites, online applications, servers, mobile websites and custom APIs. The monitoring is done from 50+ locations across the world and from various wireless carriers, thus providing a global perspective of the end-user experience. Site24x7 supports monitoring H...
Mar. 27, 2015 11:45 AM EDT Reads: 1,568
After making a doctor’s appointment via your mobile device, you receive a calendar invite. The day of your appointment, you get a reminder with the doctor’s location and contact information. As you enter the doctor’s exam room, the medical team is equipped with the latest tablet containing your medical history – he or she makes real time updates to your medical file. At the end of your visit, you receive an electronic prescription to your preferred pharmacy and can schedule your next appointment.
Mar. 27, 2015 11:21 AM EDT Reads: 299
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
Mar. 27, 2015 11:00 AM EDT Reads: 1,285
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
Mar. 27, 2015 11:00 AM EDT Reads: 1,283
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the M2M space. This really allows some room for influential individuals to create more high value inter...
Mar. 27, 2015 09:45 AM EDT Reads: 4,548
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
Mar. 27, 2015 09:45 AM EDT Reads: 1,922
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
Mar. 27, 2015 09:15 AM EDT Reads: 2,087
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microservices, and more.
Mar. 27, 2015 08:30 AM EDT Reads: 1,945
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabilities include HD voice, video, multimedia messaging, mobility, conferencing, Web collaboration, deskt...
Mar. 27, 2015 01:00 AM EDT Reads: 1,342
The Open Compute Project is a collective effort by Facebook and a number of players in the datacenter industry to bring lessons learned from the social media giant's giant IT deployment to the rest of the world. Datacenters account for 3% of global electricity consumption – about the same as all of Switzerland or the Czech Republic -- according to people I met at the recent Open Compute Summit in San Jose. With increasing mobility at the edge of the cloud and vast new dataflows being predicted with the growth of the Internet of Things (and The Coming Age of Many Zettabytes) in the near...
Mar. 27, 2015 01:00 AM EDT Reads: 1,727
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborate. Cisco and our partners are building the platform for the Internet of Everything by connecting the...
Mar. 26, 2015 07:00 PM EDT Reads: 5,040
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionality and provide short-term introductory projects that developers can complete between sessions.
Mar. 26, 2015 06:30 PM EDT Reads: 4,613
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things compatible devices.
Mar. 26, 2015 06:00 PM EDT Reads: 1,661
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Mar. 26, 2015 06:00 PM EDT Reads: 1,258
WebRTC is an up-and-coming standard that enables real-time voice and video to be directly embedded into browsers making the browser a primary user interface for communications and collaboration. WebRTC runs in a number of browsers today and is currently supported in over a billion installed browsers globally, across a range of platform OS and devices. Today, organizations that choose to deploy WebRTC applications and use a host machine that supports audio through USB or Bluetooth can use Plantronics products to connect and transit or receive the audio associated with the WebRTC session.
Mar. 26, 2015 05:00 PM EDT Reads: 1,474
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed expressly to run Docker. He will also discuss Rancher, an orchestration and service discovery platf...
Mar. 26, 2015 04:15 PM EDT Reads: 2,301


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It turns out that an elk in a gift shop wreaks remarkably less havoc than a bull in a china shop.
On Saturday, a mature bull elk wandered into the Estes Park souvenir shop Water Wheel Gift Corner. The elk’s entrance understandably caught shop owner Prateek Shayka by surprise.
“A giant elk just came inside my store, and I guess the cops are at my back door,” Shayka says in the 10-minute, 55-second video he posted to YouTube about the experience.
The elk wandered into Water Wheel after Shayka left its doors propped open.
Shayka told Fox 31 that the elk hung out in his store for close to 45 minutes before leaving. Incredibly, the animal didn’t cause any damage.
You can hear Shayka say in the video that police coaxed the elk out of the building using apples. I’ve already filed that piece of information away in my mental cabinet and purchased a bushel of emergency apples in the event that a bull elk unexpectedly enters my home.
Correction: The original version of this article misspelled Water Wheel Gift Corner owner Prateek Shayka’s last name.
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Investment Week makes the grade on two shortlists: digital commercial team of the year, where it’s in a two-horse race with Haymarket Automotive, and website of the year, where it’s competing against a field of eight runners.
Incisive has also been shortlisted for the blue-riband B2B digital publisher of the year category.
The shortlisting reflects a robust 2017/18 performance for both Investment Week, which is a leading brand in the wealth management sector, and for Incisive Media as a whole, which operates a portfolio of 13 brands in the finance and tech sectors.
“We are delighted to be shortlisted in so many categories at this year’s awards. It is recognition from our peers of our continued digital progress through the last 12 months,” said Incisive Media CEO Jonathon Whiteley. “The range of categories we are shortlisted in is testament to how much we are doing across the business to develop our digital products, and further validates the innovation and hard work of our brand and digital teams.”
The 2018 PPA Digital Awards take place on November 1 at the London Hilton Bankside. To see the shortlist go to www.ppa.co.uk/events/ppadigitalawards2018/categories.


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Focused on the implementation of private transactions cryptocurrency Beam was the first in its history hard fork, writes the portal Messari.
We are glad to announce that the first planned @beamprivacy Hard Fork was successful. The fork occured at block 321,321 and everything is working as expected. We are continuously monitoring the network. #mimblewimble #privacymatters
— @Beamprivacy (@beamprivacy) August 15, 2019
The hard fork was successfully implemented on block 321 321 according to the plan， described in the project roadmap. With him to the Protocol of the Beam was attached a specially designed variation of the hashing algorithm EquiHash called Beam II Hash and introduced a new minimum Commission for performing transaction.
This is the first of two planned Beam forks.
Beam CEO Alexander Zaidelson in a conversation with Messari said that the main task of the hard fork was “to give a signal to the developers of ASIC devices that there is no point in starting work on miners”.
Beam is currently the 112th largest asset on the exchange in terms of capitalization.
Beam was launched earlier this year as the first cryptocurrency on the Mimblewimble privacy Protocol. Beam hides address information in the public blockchain and makes transactions private by default. The launch of the cryptocurrency was carried out without a premium and ICO.
Earlier, hard fork was also implemented in the blockchain of the second cryptocurrency on the Mimblewimble protocol — Grin


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Solar-Powered Travel and Leisure
- PVC-free Solar Shower. Always wanted to take an eco-friendly shower outdoors without waiting for rain? The Oko Box blog has a photo-illustrated review of a solar shower from REI: “For a nice warm shower anywhere you ever could go, you only have to spend about $31 which includes all the shipping & handling costs too! That’s a freakin’ cheap one-time hot water bill!”
- Solar-powered movie theater. Next time you’re in Livermore, Calif., watch the latest eco-documentary at the Livermore Cinemas. Environment First reports that the theater has installed a “18,000 square foot solar installation that will reportedly provide 35 percent of the theater’s energy needs, and cut its electric bill by 45 percent.”
- Solar-powered fishing trip. A new electric boat by Humber Boats may never need to be plugged in, thanks to its solar panels. According to Treehugger, the sun-powered boat “will run 1.5 hours at full speed on a full charge, and will recharge in about eight hours. If you putter about for fishing at 20 or 30 minutes at a time it might run all day.”


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IFS warns mega tax rises are required to cut deficit - 15 March 2018
In recent days, the Institute of Fiscal Studies (IFS) has forecast that colossal tax rises will be required between now and 2025 in order to cut the UK’s deficit in line with Government pledges.
Chancellor calls for views on plastic tax - 14 March 2018
While yesterday’s Spring Statement revealed little, it did call for views on how plastic taxes could help the environment.
HMRC telephone scams growing increasingly common - 13 March 2018
In recent days, several reports have emerged suggesting that bogus phone calls from fraudsters posing as HM Revenue & Customs (HMRC) officials are growing increasingly common across the UK.
Payroll changes all employers should be aware of - 12 March 2018
Paying your workforce should be simple. But with ever-changing legislation and regulation, payroll can be one of the more tricky aspects of running a business. With this in mind, we’re here to help you get to grips with upcoming changes
A new study into workplace productivity suggests that small and medium-sized enterprises (SMEs) looking to motivate their staff will achieve better results if they offer smaller, more regular rewards to high-performing team members, as opposed to paying their employees an
Women-led businesses thrive, helping UK economy - 8 March 2018
Today is International Women’s Day and, to mark the event, student body Founders4Schools (F4S) and tech recruitment company Mortimer Spinks have released a report which highlights the importance of female entrepreneurship to the UK economy.
Consumer spending rebounds, BRC figures reveal - 7 March 2018
The British Retail Consortium (BRC) has published statistics which show that UK food sales were on the rise in the three months to February, but shoppers resisted from spending money on non-essential items.


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The Target Gallery in the Torpedo Factory is hosting a juried exhibition that will have 112 small works from around the country. All work is under five inches in any direction.
The reception will be December 13, 2012 at 7:00 pm. There will be a gallery talk by Stefanie Fedor, Executive Director of Arlington Arts Center.
For more information, please visit Target Gallery.


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Published Sep 30, 2015English PC Music producer SOPHIE's Product will arrive as a series of singles ahead of being collected as an LP, and the latest twitchy reveal made it online today. Chock full of metallic clanks and chaotic, whirling electronics is "MSMSMSM," which is streaming now.
Coming in the wake of recent previews like "BIPP" and "ELLE," "MSMSMSM" is an interstellar atom bomb of sound. Threaded into its booming bass tones are frightful but foot-shuffling clacks, space station blips and more.
The track was premiered via Zane Lowe's Beat s1 program, but you can check it out via the stream below.
The eight-song Product lands in full November 27 via Numbers.


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The entertainer’s official job will include titles like investor, chief of entertainment, and lifestyle officer. The company’s press statement shared that it has always challenged the status quo and added Lopez as a “godmother,” serving as “fleet guardian unlike any in history.”
The announcement included a funny FaceTime video with Sir Richard Branson, Virgin Group founder. The two talked about her “official title,” and the billionaire businessman came up with “Jenny from the Dock,” “Dame Jennifer Lopez,” "Supreme Goddess of Mermaids,” and even “Mermaid in Manhattan,” a nod to one of Lopez’s rom-coms, Maid in Manhattan.
“My artistic and social mission is to empower, inspire and entertain,” says Jennifer Lopez. “Any opportunity that I get to combine all these attributes into a partnership and collaboration is exciting for me.”
She added: “I admire Sir Richard and all he has built. I am inspired by Virgin Voyages’ dedication to creating irresistible experiences and focus on wellbeing, which all fits perfectly with my own lifestyle and brand ethos.”
Virgin Voyages will also have Jennifer’s beauty line on-board, JLo Beauty, bringing the products to the high seas for the first time. Lopez and Branson reportedly have “big plans together,” including guest entertainment and design collaborations.
Virgin Voyages made its U.S. debut in October, and they’re already looking forward to expanding. A second and third ship will be added soon to its fleet, with The Valiant Lady set to sail in March and Resilient Lady in August. The cruises will start from three homeports, Miami, Barcelona, and Athens.


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Carnival Corporation Relief Effort Delivers 10 Million Pounds of Supplies to Bahamas
In partnership with Tropical Shipping and with generous donations from many, company's program provides 250 containers of humanitarian aid to country's National Emergency Management Agency
MIAMI, Oct. 1, 2019 /3BL/ -- Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK) recently announced its relief effort collected an estimated 10 million pounds of food and supplies for The Bahamas. In partnership with Tropical Shipping, the program began Sept. 4, three days after Hurricane Dorian struck the northwestern part of The Bahamas, and generated an outpouring of generous donations that has filled over 250 shipping containers. Most of the containers were delivered directly to the country's National Emergency Management Agency (NEMA) over the past three weeks, providing immediate relief to residents impacted by the storm. In close coordination with NEMA, the remaining containers are in process of being delivered as soon as possible for distribution.
"We are so appreciative of all the individuals and organizations that moved with such a sense of urgency and heartfelt concern to collect and drop off a remarkable volume of donations in a very short amount of time, all of which were delivered when needed most in the immediate aftermath of the storm," said Roger Frizzell, chief communications officer for Carnival Corporation. "It is truly inspiring to see so many people and organizations come together to help others in a time of need. We extend our deepest appreciation to everyone involved with the program. The donations have made and are making a big difference for our neighbors in The Bahamas."
The success of the program, which concluded Sept. 27, was driven by donations from countless individuals and organizations throughout South Florida and North America, with collection sites across Miami-Dade, Broward and Palm Beach counties.
Carnival Corporation continues to provide support to The Bahamas in a number of ways. Last week, the company signed agreements to develop a new cruise port primarily for Carnival Cruise Line on Grand Bahama, and construct a new addition, including a pier, on the Bahamian island of Little San Salvador, home to Holland America Line's Half Moon Cay port. The Grand Bahama project will represent an investment of over $100 million, and the development on Little San Salvador will be an estimated $80 million investment over time.
On Sept. 12, Grand Bahama Shipyard (GBS), owned in part by Carnival Corporation, announced it officially resumed operations and welcomed back its first commercial vessel, the Agathonissos, owned by Greece-based Eletson, for repair work. The shipyard, located in Freeport, Grand Bahama, remains on track for the next planned cruise ship visit, Carnival Cruise Line's Carnival Ecstasy, scheduled to arrive on October 5. In total, Grand Bahama Shipyard expects to service 29 dry-dockings throughout the remainder of the year, helping support recovery efforts through the ongoing work of its more than 600 employees and the additional economic activity generated for the surrounding area of Grand Bahama. Last week the shipyard dry-docked its first ship since reopening following the storm, which is a significant step toward returning to normal operations.
Through the end of the year, Carnival Corporation brands will visit Nassau, Half Moon Cay and Princess Cays. The three destinations received little impact from Hurricane Dorian, and the return to regular sailings is an important step in national recovery efforts in support of the country's tourism industry and its vital economic impact on local businesses and people. In total, six of the company's nine global brands plan to call on The Bahamas in the 2019-2020 cruise season.
The company's cruise line brands are conducting donation drives through Direct Relief and World Central Kitchen. To date, Carnival Cruise Line guests and employees have donated more than $500,000 to the two organizations supporting Bahamas relief efforts. Two Carnival Cruise Line ships – Carnival Liberty and Carnival Pride – visited Freeport the week of Sept. 13 to deliver relief supplies, including dozens of pallets of water, generators, chain saws and more.
Carnival Corporation and its philanthropic arm, Carnival Foundation, are among those providing support to Chef Jose Andres's World Central Kitchen, which is serving more than 25,000 meals per day to people throughout The Bahamas. As of September 24, the charity has provided over 500,000 meals throughout the Bahamas. To support World Central Kitchen's efforts, donate here.
Separately, in coordination with the Micky and Madeleine Arison Family Foundation, $2 million has been pledged in funding and in-kind support for the relief efforts.
Companies and individuals looking to get involved with the ongoing relief efforts are encouraged to visit https://www.bahamas.com/relief for information on ways to provide support.
About Carnival Corporation & plc
Carnival Corporation & plc is the world's largest leisure travel company and among the most profitable and financially strong in the cruise and vacation industries, with a portfolio of nine of the world's leading cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.
Together, the corporation's cruise lines operate 102 ships with 241,000 lower berths visiting over 700 ports around the world, with 19 new ships scheduled to be delivered through 2025. Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour company in Alaska and the Canadian Yukon. Traded on both the New York and London Stock Exchanges, Carnival Corporation & plc is the only group in the world to be included in both the S&P 500 and the FTSE 100 indices.
With a long history of innovation and providing guests with extraordinary vacation experiences, Carnival Corporation has received thousands of industry awards – including recognition by the Consumer Technology Association™ as a CES® 2019 Innovation Awards Honoree for the OceanMedallion™. A revolutionary wearable device that contains a proprietary blend of communication technologies, the OceanMedallion enables the world's first interactive guest experience platform transforming vacation travel on a large scale into a highly personalized level of customized service. The prestigious CES Innovation Awards honor outstanding design and engineering in consumer technology products.
Additional information can be found on www.carnival.com, www.princess.com, www.hollandamerica.com, www.seabourn.com, www.pocruises.com.au, www.costacruise.com, www.aida.de, www.pocruises.com and www.cunard.com.
Cision View original content:http://www.prnewswire.com/news-releases/carnival-corporation-relief-effort-delivers-10-million-pounds-of-supplies-to-bahamas-300927880.html
SOURCE Carnival Corporation & plc
Carnival Corporation Media Contacts: Roger Frizzell, Carnival Corporation, firstname.lastname@example.org, (305) 406-7862; Mike Flanagan, LDWW, email@example.com, (727) 452-4538


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India is all set to usher in new era of technology with mega 5G spectrum auction worth USD 23 billion scheduled to take place from Tuesday (July 25). The main players, Reliance Jio, Bharti Airtel, Vodafone Idea and Adani group are readying their war chests to boost their market share. The four companies have in total, submitted USD 2.68 billion in earnest money deposit (EMD).
Reliance Jio Infocomm has submitted EMD of USD 1.75 billion while Bharti Airtel has put in USD 6.8 million In the 2021 auctions for 4G spectrum, Reliance Jio used 77.9 per cent of their earnest money deposit while Airtel used 87.7 per cent.
5G networks will be 10 times faster than 4G and 30 times faster than 3G in India. The 5G auction will entail 72 GHz of the spectrum. The auction will conclude by July-end and the rollout is expected by September this year.
The Department of Telecom has released a notice inviting applications (NIA) for the auction of spectrum in 600, 700, 800, 900, 1800, 2100, 2300, 2500, 3300 MHz and 26GHz bands.
The telecom companies are allowed to surrender spectrum after 10 years from the date of acquisition. In a big relief to telecom companies last month, India’s Department of Telecommunications (DoT) scrapped 3 per cent floor rate on spectrum usage charges (SUC).
5G in India will empower tech companies, enterprises and ecosystem players to build private networks and bring next-generation digital transformation which is critical for the country to achieve the goal of becoming a $1 trillion digital economy, according to industry leaders and experts.
“As we look to cement India`s position as a global hub for manufacturing, supply chain and R&D, as well as one of the leading digital economies across the world, the advancement of enterprises through dedicated captive private 5G networks will help gain efficiencies in all vital industry verticals,” said TV Ramachandran, president, Broadband India Forum. Ramachandran was quoted by news agency IANS
(With inputs from agencies)
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Sri Lanka warns citizens They are asked to avoid it Use or trade digital currencies whenever possible.
Sri Lanka seems to be very anti-cryptocurrency
The warning comes at a time when the entire world seems to be rethinking its attitude towards cryptocurrencies. At the time of writing, the cryptocurrency space has been going through a period of suffering like no other. For example, Bitcoin, the world’s number one digital currency by market capitalization, has lost more than 70 percent of its value since the beginning of November.
During that period, the coin was trading for a new all-time high of around $68,000, although it has since fallen to around $20,000, and it is struggling to maintain that position. The cryptocurrency arena has also lost more than $2 trillion in overall valuation.
The Central Bank of Sri Lanka – also known as the CBSL – said in a recent note that it is not considered legal tender for cryptocurrencies. Thus, they cannot be used to make payments for goods and services, and the state does not recognize these assets as official money. In addition, regulators in Sri Lanka said that they have not issued any financial licenses for cryptocurrency exchange or similar businesses to operate within the country’s borders.
Sri Lanka says the entire crypto space is “largely unregulated,” and that traders need to be very careful when dealing with assets like Bitcoin and Ethereum. On its website, the bank stated the following:
As per Directive 03 of 2021 under the Foreign Exchange Act No. 12 of 2017 issued by the Foreign Exchange Department of CBSL, Electronic Fund Transfer Cards (EFTCs) such as debit and credit cards are not permitted to be used in payments related to virtual currency transactions.
This is not the first time Sri Lanka has warned against the use of cryptocurrencies. Similar statements came in 2018 and 2021, two periods that could not be more different from each other. 2018 saw the crypto space experience some of its most bearish conditions, with bitcoin dropping to around $3,500 per unit in November of that year after trading close to $20,000 just 11 months ago.
It’s the opposite of El Salvador
By contrast, 2021 is often referred to as the “Year of Cryptocurrency,” when prices were skyrocketing and space looked better and stronger than it was before. More crypto companies entered the fray, and the valuation of the space was on the verge of exceeding $3 trillion.
Sri Lanka is taking an opposite approach to countries like El Salvador, which was the first country in history to announce legal tender for bitcoin. The Central American country has long sought to wean itself off the US dollar, and leaders have felt Bitcoin is the perfect tool for doing so.
#Sri #Lanka #tells #citizens #avoid #cryptocurrency


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NewsLifeMedia has announced the dates for its 2015 Vogue Fashion’s Night Out, which will take place in both Melbourne and Sydney for the first time.
The annual evening is celebrated in 19 Vogue territories across the world, with Olympus and David Jones returning to sponsor the Australian events.
This year, the inaugural Vogue Fashion’s Night Out Melbourne will be held on Friday 28 August in the Melbourne CBD. It will feature as a part of Melbourne Spring Fashion Week’s opening weekend shopping event MSFW: Shop the City in partnership with the City of Melbourne.
The Melbourne event will officially kick off Vogue Fashion’s Night Out celebrations globally as the first city around the world to celebrate Fashion’s Night Out in 2015. Sydney will follow with the 6th annual Vogue Fashion’s Night Out on Thursday 3 September in the Sydney CBD in partnership with the City of Sydney.
Anticipating this year’s event will see over 180,000 shoppers and hundreds of retailers to once again bring the Sydney CBD to life. Of the events, Vogue Australia editor Edwina McCann said: “The buzz on the night is extraordinary and with our theme for this year being a night-time carnival both events are going to be a lot of fun and bring unprecedented theatre to both cities.
“Vogue Fashion’s Night Out supports the Australian fashion industry and is all about engaging consumers in a free event that allows every person to shop like a Vogue VIP.
At this year’s one-night-only events, shoppers can expect live entertainment, special offers, celebrities, fashion industry VIPs, exclusive runway shows and the champagne will be flowing as the Melbourne and Sydney CBDs come to life with brands celebrating the once a year retail highlight.


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Those wishing to express an interest in being among those fifty owners can visit www.GT-R50.nissan with deliveries set to begin in 2019 and continue into 2020.
Nissan Now Taking Orders for the Ultra-Chic GT-R50
Nissan will do just that by building 50 examples of the Nissan GT-R50 by Italdesign, which was unveiled earlier this year at the Goodwood Festival of Speed in the United Kingdom, created as the ultimate expression of the GT-R for the model's 50th anniversary next year. Best of all, the production version looks nearly totally unchanged from the concept vehicle. Compared to the concept, the exterior has barely changed, but the interior looks much closer to that of the stock GT-R - the motorsport-style gauge cluster is gone, and in its place is a regular GT-R cluster, with a proper infotainment screen by its side once more.
The company has yet to confirm the rest of the production car's spec, but the concept auto featured a reinforced dual-clutch six-speed rear transaxle, stronger differential and drive shafts, Bilstein DampTronic adaptive dampers, and Brembo brakes with red-painted calipers. Those fortunate enough to sign their names on the dotted line to claim a GT-R50 will be able to spec their cars inside and out. Also, a revised suspension and Brembo six-piston front and four-piston rear brakes have been added.More news: Aston Martin can cram an EV powertrain into a classic Aston cars
Mechanically, the Nissan GT-R50 features a 3.8-litre twin-turbo V6 motor.
Nissan notes that while the prototype GT-R50 was covered in gray with gold accents, customers will get to specify their preferred color.More news: Tyler Perry pays for everyone's layaway items at two Atlanta Walmart locations
"The reaction from Nissan fans around the world-and potential customers of the GT-R50-has greatly exceeded our expectations", stated sports auto program director Bob Laishley.
Nissan will start handing over the keys to the customers from 2019.More news: Gov. Cooper orders flags fly half-staff in remembrance of George HW Bush
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China records LED lighting exports worth US$1.59 billion in January-February
Siu Han, Taipei; Adam Hwang, DIGITIMES
China-based firms exported LED lighting products totaling US$1.59 billion during January-February 2015, hiking 42.3% on year, according to research organization GGII.
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