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An air fryer is down from $149 to $110; a trampoline 10 % off and a set of star-studded toddler pajamas for $12 as an alternative of $9: crimson “take again” indicators weren’t exhausting to seek out this week on the Walmart Supercenter closest to the retailer’s headquarters in Bentonville, Arkansas. .
A mile from the small city sq. the place Sam Walton opened his five-cent retailer in 1950 and started constructing the world’s largest retail empire, the reductions instructed the story of an American retail business going through historic difficulties in forecasting provide and demand.
This week, the $350 billion firm issued its second revenue warning in simply over two months, signaling to traders that rising inflation, significantly in meals and gasoline costs, is affecting its clients’ potential to afford different items.
Walmart’s progress has been primarily based on aggressively aggressive costs and attractive promotions it calls “resets.” However now you must resort to extra markdowns than deliberate, particularly with a view to transfer clothes shares. On the retailer on South Walton Boulevard this week, vibrant yellow balloons marked “clearance” have been above $4 T-shirts and $11 Bentonville Tigers sweatshirts.
Walmart’s assertion hit its inventory and rivals from Amazon to Residence Depot, however it’s removed from alone in warning that sudden shifts in client spending are wreaking havoc on inventories.
Goal warned in Might that it must drop merchandise and cancel orders to clear extra stock in classes starting from televisions to out of doors furnishings. Mattress Bathtub & Past, Macy’s and Hole have acknowledged experiencing related stock points in current months.
Customers aren’t simply fearful about having to spend much less cash after filling up their fridges and vehicles, retailers say: Extra of their discretionary spending goes towards experiences they beforehand missed out on in the course of the coronavirus pandemic, corresponding to journey and eating out. on garments, furnishings or home equipment.
Nevertheless, unpredictable demand, particularly among the many most cash-strapped shoppers, is simply a part of the problem. A number of corporations, fearing a repeat of the availability chain delays that burned them final vacation season, piled on early this yr.
Mattel, the maker of Barbie dolls and Scorching Wheels vehicles, reported final week that its inventories, for instance, have been up 43 % year-on-year, whereas rival Hasbro additionally had unusually excessive inventories because it stocked up for the toymaker’s peak season.
“Importers now not belief provide chains,” defined Zvi Schreiber, CEO of logistics reserving service Freightos. “Retailers do not take dangers. If they’ll afford the stock, they’re now able to top off for the purchasing season.”
Vital backlogs at ports within the U.S. and China brought on many retailers to delay shipments final fall, resulting in elevated freight prices and a few shortages. The late shipments became extra stock that retailers needed to offload cheaply within the spring or put into warehouses to promote this December.
Ocean transport charges are down from final yr’s peak, however nonetheless far above pre-pandemic ranges. Final week, it value a median of $6,593 to ship a 40-foot container from Asia to the U.S. West Coast, in keeping with Freightos. That is two-thirds much less on an annual foundation, however nonetheless greater than 4 occasions what importers paid in 2019.
Few retailers are betting on congestion easing anytime quickly, as labor shortages have perpetuated delays, unions stay in talks with California ports and labor unrest threatens to disrupt truck and rail site visitors.
Retailers bringing in merchandise effectively prematurely of the vacation purchasing season should deal with tight and costly storage. Prologis, the warehouse leasing firm, mentioned final week that its common occupancy fee rose from 96 % to 97.6 %, whereas rents for newly leased U.S. warehouses rose 54 % yr over yr.
Warnings from Walmart and different retailers increase questions on how a lot of the contents of these warehouses they plan to promote.
Vaughn Moore, CEO of logistics firm AIT, mentioned the development in vacation demand is in flux, noting that two of its main residential clients have downgraded their gross sales forecasts forward of the height annual purchasing season.
“The issue is that we do not have enough stock within the warehouse in the course of the vacation season,” he mentioned, predicting that “slash and burn” gross sales can be wanted to filter outdated stock and make room for brand spanking new merchandise.
Customers are sending combined alerts about their willingness to spend. The College of Michigan’s client sentiment index hit its lowest degree in its 70-year historical past in June, and Greatest Purchase mentioned this week that spending on client electronics has “softened additional” since Might.
Nonetheless, robust outcomes from Harley-Davidson and LVMH, proprietor of luxurious manufacturers Louis Vuitton and Tiffany, recommend gross sales of high-end merchandise stay robust.
These combined alerts have put extra scrutiny than ordinary into the upcoming back-to-school purchasing season, which might present a clearer image of how shoppers are approaching the larger vacation season.
The standard family is spending 2 % greater than final yr on notebooks, pencils and different provides, however whole retailer shipments are already down barely from final yr, from $37.1 billion to $36.9 billion, in keeping with a Nationwide Retail Federation ballot. adjusted for inflation.
Promotions corresponding to 50-cent folders in Walmart’s back-to-school shows could also be much less necessary in figuring out whether or not retailers can navigate this yr’s stock problem than whether or not inflation eases, famous native advertising Ethan Chernofsky. vp. information supplier Placer.ai.
However the present mixture of traditionally excessive inflation and traditionally low unemployment is one which even Walmart’s veteran retailers cannot discover a playbook for, says Stephanie Cegielski, vp of analysis at ICSC’s mall group.
“The wrestle for everyone proper now,” he mentioned, “is ‘we have by no means seen something like this.’


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This week, China’s National Health and Planning Commission (NHPC) threw foreign medical device manufacturers a wrinkle: going forward, the Chinese government would pursue policies explicitly designed to favor domestic manufacturers over foreign manufacturers. The NHPC’s announcement was clear: “We want
Chen Yunfeng, chief orthopedist at Shanghai Sixth People’s Hospital, wore Google Glass while carrying out an internal fixation surgery for comminuted fracture of distal radius on a 55-year-old patient on Aug. 13. The device allowed surgeons in Shanghai, Hong Kong,
May 27, 2014 | By Joseph Keenan Not satisfied with being the world’s biggest health-care products company, Johnson & Johnson ($JNJ) will expand its already dominant presence in China later this year when it introduces plates and screws manufactured in the country at
HOFFMAN ESTATES, Ill. & SHANGHAI–(BUSINESS WIRE)–Life Spine, a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spinal disorders, has entered into a strategic partnership with China Pioneer Pharma Holdings Limited, based in Shanghai, China.
Chinese people’s joints wear out too, but replacement implants have, on occasion, been too large. Now a team of 21 experts from France and China’s Sichuan Provincial People’s Hospital in the southwestern city of Chengdu have co-developed artificial knee joints
Johnson & Johnson (J&J) just learned an $85,000 lesson about China’s new monopoly law on behalf of all device companies. A Shanghai court ordered the company to pay 530,000 yuan ($85,000) to a distributor who had sued the company for
In recent years, China has grabbed headlines for its soaring healthcare industry and market. While an ever-larger middle class has greatly increased domestic healthcare spending, the country wants to keep spending under control and cut down on bribery and other
CAESAREA, Israel, Mar 12, 2012 (BUSINESS WIRE) — –Distributor Responsible for Securing Regulatory Clearance in China Mazor Robotics Ltd (tase:MZOR), the leader in innovative surgical robots and complementary products for spine surgery, signed an agreement with Cicel Science & Technology
Medtronic has opened an orthopedic research and development center in Beijing with its partner, Shandong Weigao Group, according to a China Daily report. The joint venture between the two groups was established in 2008. It focused on developing Medtronic’s vertebral and joint
TORONTO, Nov. 9, 2010 /PRNewswire/ — According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the spinal implant market in Brazil, India, and China, valued at over $850 million in 2010, will continue to skyrocket through 2015. Revenues in all three countries
China Kanghui Holdings, which is a leading China-based manufacturer and marketer of orthopedic implants, filed on Friday with the SEC to raise up to $75 million in an initial public offering. The Changzhou-based company, which was founded in 1997 and
GREENVILLE, N.C. — Pioneer Surgical Technology, Inc., said Tuesday that a Chinese partner has received government approval to distribute Pioneer’s full product line there. Pioneer, which has R&D and manufacturing facilities in Greenville and in Woburn, Mass., is based in
OCEANSIDE, NY – October 2009 – elliquence, LLC., a leading medical device designer and manufacturer based in Oceanside, New York, is pleased to announce that it has partnered with Bonovo Orthopedic, Inc. for the distribution of its products in China.
SHENZHEN, CHINA and MIDDLETOWN, NY–(Marketwire – October 21, 2009) – Advanced BioMedical Technologies Inc. (OTCBB: ABMT) announced that it has completed all 60 human clinical test cases of its PA Absorbable Orthopaedic Implant Screw according to the regulations set out

domain: news


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You’ll never complain about that seemingly torturous three-minute walk to the bus stop in the dead of winter again after seeing pictures of these kids in Yunnan whose hair have actually turned into icicles from their long treks to school in the freezing cold.
The students attend the Xiniu Primary School in Makou village, according to a Chuncheng Evening News report. Some of them travel up to two hours to get to school, and many of them come without hats, scarves and winter clothing appropriate for the -5 ℃ weather.
The headmaster of nearby primary school, Makou Central School, saw the images and posted them on Weibo, hoping people could reach out to help the kids and their families, many of whom can’t afford proper winter attire.
“As the indoor temperature is higher, ices on children’s shoes melts so that their shoes get wet…they sometimes have to study sitting in puddles of water,” the headmaster Ning Shiwei told the newspaper.
A local charity campaign collecting clothing and financial aid is now underway.
[Images via CCTV News]


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简要描述：Hewlett-Packard is poised to spin off its PC and printer arm, in a move that will in effect split the struggling US technology conglomerate in two, according to a person familiar with the situation.知情人士回应，惠普(Hewlett-Packard)于是以打算挤压其个人电脑(PC...
Hewlett-Packard is poised to spin off its PC and printer arm, in a move that will in effect split the struggling US technology conglomerate in two, according to a person familiar with the situation.知情人士回应，惠普(Hewlett-Packard)于是以打算挤压其个人电脑(PC)和打印机部门，这将在实质上把这个身陷困境的美国高科技集团一分为二。The spin-off plan, which was first reported in the Wall Street Journal, would end a controversial, 13-year chapter in HP’s history that began when then-chief executive Carly Fiorina agreed to buy Compaq Computer, one of the largest US PC makers. Dissent from some members of the HP founders’ families almost led to a rejection of the deal by shareholders.该资产挤压计划由《华尔街日报》(WSJ)首先报导，它将为惠普历史上一段长达13年的争议章节所画上句号。13年前，时任惠普首席执行官卡莉菲奥莉娜(Carly Fiorina)批准后并购了美国仅次于的个人电脑制造商之一康柏电脑(Compaq Computer)。
当时，来自惠普创始人家族部分成员的赞成意见曾差点令其该公司股东拒绝接受这一收购计划。HP’s PC and printer businesses produced revenues of $55.9bn in its last financial year, almost identical to the combined $55.7bn of its enterprise computing, services and software divisions.惠普的个人电脑和打印机部门在上个财年的总营收为559亿美元，差不多等同于其企业计算出来部门、服务部门和软件部门557亿美元的总营收。The spin-off plan comes a week after eBay unveiled a similar bifurcation by spinning off its Paypal division to shareholders.就在惠普爆出这一资产挤压计划之前一周，eBay也透露了类似于的资产拆分计划，意欲挤压其Paypal缴纳业务。
Both companies have faced pressure to improve their bottom lines, and had previously argued for keeping their full range of businesses intact, before eventually bowing to a split.这两家企业都面对着提高盈利状况的压力。此前，它们都曾声称将不改动公司的整体业务范围，最后却被迫拒绝接受现实，实行资产挤压。
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The confectionary firm has halted production at its main site in Bournville, Birmingham.
This means it has temporarily stopped making the likes of Dairy Milk, Oreo and Whispa.
The chocolate-maker says its supply of chocolate is “not immediately impacted” as it has enough stock.
But should the water crisis – a result of the rapid thawing of last week’s snow which has resulted in burst water pipes – continue, then its stock might run out.
A Cadbury’s rep said: "While we have no water supply to our manufacturing site in Bournville, our supply of chocolate is not immediately impacted.
“(This is because) we currently have sufficient stock available to manage through this hopefully short disruption."
The move has been made after water company Seven Trent was forced to cut the water supply amid numerous leaks in the area.
It also comes after Jaguar Land Rover announced it has also halted production at two of its UK plants because of the ongoing water problems.
A spokeswoman for JLR said: “Due to a water shortage caused by a burst water main, we have had to stop production this afternoon.”
All of this comes as thousands of Brit homes in London and south-east England remain cut off from water.
The water chaos had initially hit those areas and how now hit the Midlands where Cadbury and Jaguar Land Rover are based.
The sudden thawing of last week’s snow all in one weekend saw a surge of water flowing through Britain’s underground water pipes.
But so much poured through that pipes began to burst, and is now resulting in water running out completely.


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For another year, KEAN, as a company that promotes healthy living through its products and actions, supports Europa Donna Cyprus in the battle against breast cancer. Recognising the importance of prevention and wishing to contribute to sensitizing and educating the public, KEAN hosts on its orange-juice packaging for the coming months the famous pink ribbon, sending a strong message to thousands of consumers.
At the same time, throughout October – a month dedicated to mobilization on breast cancer – and as part of the long-standing support it gives EUROPA DONNA Cyprus, KEAN, aiming to strengthen the public-awareness campaign, employs this year, too, the exterior of its bottling plant at the busy Limassol beachfront avenue, by putting up a banner to promote the campaign.
As one of the long-running sponsors of the Pink Silhouette march, KEAN’s staff will also participate in this year’s event on October 7, while quenching attendees’ thirst by offering thousands of free juices and soft drinks.
Finally, KEAN has sponsored satellite events, like the charity fashion show ‘Fashion for Life’ held on September 6 at the Italian ambassador’s residence, as well as a host of other events.
KEAN’s Deputy Marketing Manager Maria Odysseos said: “Breast cancer touches one in nine women, and this cannot leave us indifferent to the fight waged by EUROPA DONNA Cyprus. We have the honour, for 7 years, to walk with the Pink Silhouettes and offer multi-faceted support to the work of EUROPA DONNA, an association that has undertaken to offer proper awareness on prevention and early diagnosis, mobilizing the public and speaking up for patients’ rights. We would like to congratulate Europa Donna Cyprus and express our support in the multiple fronts of this battle. Exercising and a healthy diet can contribute to breast health, which is directly linked to KEAN’s Corporate Social Responsibility programme, a substantial part of which focuses on healthy living. We encourage healthy living and always make sure we use the most natural raw material in our products. And this because we know how important a balanced healthy life is.”


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28 February 2011 00:00 [Source: ICB]
It's when the chemicals business meets the consumer that the strains begin to show. End-use product demand growth in the fourth quarter of last year in some markets was not as strong as many would like.
Yes, the commodity markets powered ahead - with prices rising strongly - and demand from Asia and other emerging markets continued to expand but closer to the consumer in Europe, North America and Japan, the story is different. The world's largest coatings maker, Dutch group AkzoNobel, has provided a glimpse of that reality, as did Belgian vinyls maker Solvay. It is hardly surprising AkzoNobel wants to expand its decorative coatings business in China, India and Brazil. It is doing this on the back of brands such as Dulux, Glidden and Sikkens, or with new product offerings.
This is a €5bn ($6.8bn) revenue business and will play a major role in helping the company to target doubled revenues in China, along with strong top-line growth in India, Brazil, the Middle East and sub-Saharan Africa.
AkzoNobel is not alone in facing tough trading conditions in parts of Europe. Solvay highlighted the still difficult construction market for vinyls in some countries in the fourth quarter of 2010.
AkzoNobel said that its fourth-quarter and full-year decorative paint sales were down 1% in constant currency exchange rate terms in Europe. Operating earnings for the segment were down in the latest quarter due to a weak performance in Europe, excluding the UK.
Not surprisingly, the focus had to be on "operational efficiency, complexity reduction, margin management and working capital improvement."
The situation was worse in North America in 2010, but appeared to be somewhat better in the fourth quarter, when year-on-year profits improved.
But this was the third year in a row of declining paint demand in the US, with nonresidential markets especially weak.
In the final quarter of the year, AkzoNobel began to ship branded paints to Walmart after it was selected as the primary paint supplier to the retail giant's US stores. The business in these mature economies − hard hit by the financial crisis and recession − is difficult, but in clear contrast to that in Latin America and other emerging markets.
The constant currency increase in sales for the paints maker in Latin America last year was 10% and in Asia 22%. "In Southeast Asia and Pacific, we had a record year," AkzoNobel said.
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A young supermarket shopper has found one of a rare few special gold noses on Red Nose day.
A Sainsbury’s customer from Shawlands, Glasgow, bagged more than he bargained for when he discovered a rare Golden Nose hidden amongst the millions of Red Noses available from Sainsbury’s stores across the UK.
Twelve Golden Noses have been hidden in surprise bags across the country. Owen Giffen, 9, hunted down one of the nine Golden Noses hidden in Sainsbury’s stores.
Now he and his family will be among the VIP guests at the stage adaptation of Roald Dahl’s Charlie and the Chocolate Factory at the Theatre Royal Drury Lane, London, in a musical directed by Academy awardwinner Sam Mendes.
Owen will go backstage, meet the cast, enjoy hospitality in the Royal Box including an afternoon tea from One Aldwych, stay overnight at Every Hotel, Leicester Square, and receive a golden goody bag of free gifts.
Owen said: “I opened the bag and noticed that my Red Nose was gold – I can’t believe I’ve won a prize and I’ve managed to find one of the special noses. I can’t wait to visit London and see Charlie and the Chocolate Factory.”
Pete Ward, Comic Relief manager for Sainsbury’s said: “This is the first time ever that the Red Noses have been sold in surprise bags. Together with Comic Relief we thought we could have a bit of fun with them by hiding these extra special Golden Noses amongst the millions. I’m delighted that Owen is so excited to have won gold and I’ve no doubt he will have an extremely memorable experience when he comes to London to enjoy his prize.”


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Around 26 pubs close each week and 6,000 have shut in the last five years as regulars struggle with bar prices
Campaign for Real Ale offering a free pint to anyone that dresses up as soap pair for beer bash
Nearly 84 per cent tied to buying beer from big pub companies earn under £15,000 a year, a study has found
Just over 57,000 locals are left, after a drop of 670 in the last six months alone, according to the Campaign for Real Ale
The list includes 270 UK watering holes which real-ale gurus Camra believe deserve to be preserved
The Campaign for Real Ale says an average18 locals are boarded up each week and has urged George Osborne to scrap the beer duty escalator
Major victory for our Support Your Pub campaign
Pubs are suffering after the government's beer tax has pushed up prices so fewer drinkers can afford a pint
Former Chancellor says he will write to George Osborne backing a review of the controversial beer duty escalator
The Campaign for Real Ale is calling on the government to scrap the beer duty escalator
Beer sales are running at 3.9 billion pints a year, down from five billion in 2008, meaning one in five fewer pints are being sold
Bosses want to add 100 smaller sized convenience stores every year for three years, taking the total to around 800
Landlords are being hit by a “perfect storm” of crippling beer taxes, high rents and rates, the recession and the smoking ban
Pub campaigners have won a major victory by forcing a Commons debate on the Government’s beer tax policy
The first recorded mention of the pub was in 1251, making it one of the UK’s oldest, then was rebuilt in 1636
Campaign for Real Ale's Good Beer Guide lays into Tories for yet more broken promises
Mark Anderson says brewery bosses told him to shortchange drinkers by making sure five per cent of each pint was made up of the head
Watch Eric Bristow and Keith Deller's World Record 301 attempt from Olympia
Judges choice a real surprise for real ale drinkers
'Britain's Biggest Pub' opens its doors at London Olympia today - here's everything you need to know about the festival
Only one in seven 18 to 24-year-olds goes to a pub once a week or more – half the amount that did seven years ago
Eric Bristow and Keith Deller take to the 'World’s Biggest Pub' at Olympia for world record bid
You can buy it pretty well anywhere in the country. It’s legal. It’s cheaper than drugs. It’s convivial, and it’s tasty
Struggling pubs are thinking up new ways to get customers in
Drinkers are joining in old favourites such as dominos, darts, bar billiards, table skittles and cribbage
JD Wetherspoon will press ahead with plans to open 50 pubs this year despite a squeeze on profit margins.
Sunday Mirror investigators visited 25 pubs up and down the country
It’s the perfect time of year to combine a walk and a cosy pub.
PubS have shunned two-thirds of a pint glasses meant to curb binge-drinking.
A PUBS tsar will be appointed to stop more local boozers from going to the wall if apowerful group of MPs gets its way.


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Export story: The Italian Beverage Company
Exports make for a tastier proposition
On a trip to the US 17 years ago, two brothers, Sheldon and Harvey Flax, saw a cart being pushed with flavoured syrups. Convinced the Davinci brand would sell well in the UK, the pair put themselves forward to import and distribute the products back home.
Proving successful with what was initially called Davinci Fine Foods American Beverage Company, the brothers added other powdered and liquid drinks, sauce and syrup brands to the portfolio, securing master franchisee roles for the UK and Ireland. As demand and awareness grew, the company became an exporter to Europe, effectively by default. But when Davinci appointed the distributors the Flax brothers had been selling to as its own agents, the business required some re-engineering to seize the exporting opportunity itself. By that time, one of the brothers, Harvey, had left the business. Six years ago, Sheldon renamed the business the Italian Beverage Company, due to increasing trade of Italian products, such as biscuits, confectionary, pannatone and chocolate, plus machines and ancillaries. After commissioning manufacturers in the UK, it developed a range of products under a new brand, Simply, all of which contain no artificial flavourings, colours, additives or preservatives. In January 2008, the Italian Beverage Company launched its Simply Syrups, quickly followed by smoothies. Frappes, thick milkshakes and biscuits have since been added. The result of the company's ingenuity is plain to see. It now supplies 25 countries with the Simply brand and export sales have increased by £750,000 in the past 15 months. “We used to have five or six significant countries we exported to, and they were only taking odd shipments,” recalls Tony Godden, the director responsible for exports. Turnover has reached £3.5m, up 40% year-on-year, achieved during the recession, and employee numbers have remained static, illustrating the additional value exporting has the ability to offer a well-run business. Negotiating a potential minefield, the company has stepped carefully to ensure continuing business with Davinci, the Lindt-owned Ghiradelli and others is not affected in the UK. Elsewhere, the Simply range is proving popular in the Middle East (Dubai, Saudi Arabia, Jordan, the Sudan, and Syria), plus South Korea, Germany and Ireland. Newer opportunities have also opened in Poland, Austria, Bulgaria, Greece, Ghana, Portugal, Egypt, Estonia, Latvia and Lithuania, with many of the countries buying a handful of pallets and spending between £25,000 to £50,000 a year at present. While in the UK, the Italian Beverage Company continues to sell to the likes of Debenhams, BHS, Wetherspoons and select service partners (airports, railway stations and motorway services), a third of turnover is now derived from export trade. “We didn't want to brand switch,” says Godden. “Simply was for export and to fill gaps in the UK, taking business from competitors and not cannibalising sales here.” Godden puts a good deal of the increase in overseas revenue down to the cost-effective exhibitions the company has participated in, which it discovered via the East of England Development Agency. “We recently attended a two-day event in Portugal and met with a number of distributors,” he explains. “The next day UK Trade and Industry (UKTI) arranged for potential customers to come and visit us at a hotel. We paid £500 each for two of us, and the team there organised the rest.” Godden's considering a presence at two similar exhibitions in India and Canada, but says payment and logistics are major considerations for every new territory. “Will we get paid? Is it difficult to get there?” he says. “We started with the philosophy of not exporting beyond a three-hour flight, but are now working half-way across the world. You need a rifle approach rather than a shotgun. There are only four of us and one of me – and I mainly look after the exports. Set objectives and, if possible, don't move away from that.” Still, with 321 leads from the Caffé Culture Expo at Olympia, Godden's not about to stop exploring new opportunities. “I've got 100 really positive leads to follow up on from the UK, Turkey, Egypt, South Africa, Hungary, Finland and Norway. We have to make sure we do them justice.”


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UK: Sweatshop labour uncovered in Olympic factories
The organisers of the London 2012 Olympics are introducing new measures designed to protect workers producing merchandise for this year's games after evidence of exploitation was uncovered.
Researchers working for the TUC and Labour Behind the Label groups discovered child labour, excessive hours, poverty pay, dangerous working conditions and an absence of independent trade unions at factories in the Olympic supply chains.
Following the discoveries, the London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) has now agreed to get tougher on the factories involved.
LOCOG will publish the names and locations of factories in China and the UK covering over 70% of the licensed products produced for London 2012, with a focus on licensees that still have production remaining.
It will make information about employment rights, based on national laws and LOCOG's ethical code, available in Chinese and English, and establish a Chinese language hotline so that workers who feel they are being treated unfairly can either call or text to complain about their treatment.
It will also provide training for some of the workers in the various Olympic supply chains to make them more aware of their rights.
LOCOG has also committed to work with Play Fair 2012 and to transfer the lessons learned to the International Olympic Committee and future Games organisers.
"LOCOG had gone further than any previous Games' organisers in adopting an ethical code and complaints mechanism, but as our research shows this hasn't been nearly enough to prevent abuses from taking place," said TUC general secretary Brendan Barber.
"However it's not too late to make a difference for workers producing goods for London. We welcome LOCOG's acknowledgement that further action is necessary and its commitment to act immediately to ensure that factory owners can no longer exploit workers in the name of the Olympics.
"We're hopeful that a marker has now been set for all future Games and that the International Olympic Committee will play a leading role in taking this work forward so that the exploitation of workers in Olympic supply chains can become a thing of the past.
"This groundbreaking agreement should also help lead to better working conditions throughout the sporting industry."
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Microsoft believes the next version of its operating system is such a big change that it is calling the software Windows 10, skipping the more logical product name, Windows 9.
Ivy Softworks, which is seeking to create a better way of forming new tech companies, has hired Brian Valentine, a prominent engineer in the Seattle community.
The retailer is discouraging sales of Hachette titles. The 2012 Republican vice presidential candidate’s new book is an exception.
Netflix and the Weinstein Company said that they planned to release a sequel to the movie “Crouching Tiger, Hidden Dragon” simultaneously on Netflix and a select number of Imax theaters.
The Chinese government said that after it presented Apple with concerns about the iPhone 6’s security features, the company provided it with “official materials” to address them.


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Budget Nokia 1.3 leaks in full with notched display, Google Assistant button
The budget smartphone features a notched LCD display that reportedly measures in at 6-inches, making it noticeably bigger than the 5.5-inch screen used on the previous-gen Nokia 1 Plus. But thanks to the slimmer bezels, the Nokia 1.3 shouldn’t be much bigger than its predecessor.
Housed within the small notch is said to be a 5-megapixel selfie camera that should take acceptable photos. It’s coupled with an unspecified rear camera which itself sits alongside an LED flash inside a compact camera module.
Other external features include a rear-mounted speaker, a 3D nano-textured plastic cover on the back of the phone, and a dedicated Google Assistant button like several other Nokia-branded smartphones.
Some reports say the Nokia 1.3 will be powered by a low-end MediaTek chipset while others point towards a Snapdragon alternative. Either way, 1GB of RAM and 8GB of storage is expected as standard, although a 1/16GB variant could be made available at a slightly higher price.
Ensuring things run as smoothly as possible should be Android 10 (Go Edition). There’s no word yet on the battery capacity or the presence of a headphone jack.
The Nokia 1.3 should hit shelves later this month. In the United States it is expected to retail for $99.


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The Realtor’s Association of Edmonton released the first quarter market statistics this week. With so much attention being paid to the Alberta economy, more people than ever are focused on Edmonton’s residential market. Whether you believe we will weather the economic storm based on our local economic situation, or that the rug will be pulled out from under us soon, chances are you are paying attention.
Here are the relevant highlights:
It’s spring. In residential real estate this means an expected uptick in sales volume. Both buyers and sellers are ready to crawl out of hibernation and get moving. March sales figures reflect that seasonal trend. 1,364 properties were sold in the Edmonton Census Metropolitan Area (CMA) in March, up nearly 63% from the 837 homes sold in February, but down 6.13% from the 1,453 relative to March 2015.
Properties are moving faster. March saw homes sell in an average of 53 days, a statistic that saw a consistent decline over the first quarter. Again, this is impacted by seasonality. March’s average days-on-market dropped in almost all housing types, as it took an average of 53 days to sell a home compared to 57 last month. Our experience is this: properties for sale in active price segments are still moving quickly and, often, with multiple offers on each. In the first quarter, 87% of sales were under $500,000. One of our listings saw three offers, one of which came from a buyer who had been in a multiple offer situation on four prior purchase attempts.
Inventory remains very high, up nearly 23% over last year despite the decline in sales volume. This undoubtedly puts downward pressure on sales prices, which have been slow to respond.
Sales prices are holding strong. The average residential price was $379,524 for March, up 3% from February, and up nearly 2% over last year.
As we move into Q2, all eyes will continue to remain on Alberta’s economy and housing markets. Stay in touch for ongoing updates. For a complete breakdown of the numbers, visit the REALTORS Association of Edmonton website here.


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POLICE are advising all traders across F District to be on the outlook for counterfeit currency.
“Counterfeit notes are known to be offered in a number of ways, and not just in shops,” a police spokesman said.
He added: “At the weekend, we received a report that money paid to buy car parts that had been for sale on an internet auction site were counterfeit.
“In follow-up enquiries, police searched a house in Co Down and seized a quantity of cash in counterfeit notes. Two men were arrested and bailed pending further enquiries.
“We advise anyone handling money in a cash transaction to check notes as thoroughly as possible. Learn to know what genuine notes look like, and be suspicious of anything that falls short of expectations.”
Detailed advice is available from local Crime Prevention Officers.


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A Florida man tried to use former NFL wide receiver Chad Johnson's identity to make a hefty purchase, but he didn't make it far from the store.
On Friday, Mervin Cabe, 25, of Miami tried to purchase up to $18,548 worth of items at a Louis Vuitton store in Aspen, Colo., while telling employees that he was Johnson, according to court documents obtained by the Aspen Times.
Cabe and his two accomplices were reportedly "grabbing random items off the shelf" without trying anything on. When it came time to pay the cashier, his credit card was declined twice before he successfully completed the transaction with Apple Pay.
Before he could run off with the expensive merchandise, the cashier asked for Cabe's "profile ID," which is required of all Louis Vuitton customers, the report said. Cabe provided an incorrect phone number and leaned in to look at the cashier's computer screen.
"Yeah, that's the one, Chad Johnson," he reportedly said, pointing to the screen. "That's me."
Even after the purchase, when the cashier alerted authorities, Cabe continued the lie to the police, telling officers he was the ex-NFL player and that he was born in 1991.
The actual Chad Javon Johnson, who really does live in Miami and is known to shop at Louis Vuitton stores, was born in 1978. Eventually Cabe came clean, according to an affidavit, saying: "You're going to have to take me home... to jail... I've done something bad."


text: Wyoming is now listed by AAA Auto Club among the 20% of America’s states with the highest average price for gasoline. According to the Auto Club’s Fuel Gauge report, the national average has dropped to $3.34 a gallon – down 5¢ from a week ago. Wyoming’s average is now $3.57 a gallon and the average of prices surveyed in Jackson Hole is now $3.80 per gallon of unleaded regular. The average price in Teton Valley is $3.69 per gallon. AAA predicts the national downward trend will continue through the end of the year powered by sufficient supplies and a flat demand at the pumps.


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Earlier this month, there was word of a Travis Scott partnership with Fortnite involving the world premiere of a new song as well as in-game content. New details have emerged as well as ‘tour’ dates for the concert.
Travis Scott’s Astronomical event will see the musician travel the Earth, giving players around the world an opportunity get a new song, emotes, exclusive items and more.
Starting April 21, Fortnite players will be able to unlock free in-game gear by completing “Astronomical Challenges” before the Astronomical tour which will begin April 23-25. Attendance will be opened to the public 30 minutes before the start of each event. Early guests will receive the Astroworld Cyclone Glider and two thematic loading screens for free.


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Sales of CO2 (R744)-based commercial heat pump water heaters in North America are “doubling” every year – albeit from a small base – as a result of the movement to decarbonize water heating, said Jake Bucklin, Product Manager, Decarbonization Solutions for Texas-based manufacturer Lync, part of Watts Water Technologies.
Bucklin shared this observation at the AHR Expo 2024, where Lync was exhibiting its Aegis CO2 heat pump water heaters for commercial applications like apartment buildings, hotels, hospitals and dormitories. AHR Expo was held in Chicago January 22–24.
Several other manufacturers were also exhibiting CO2 heat pump water heaters at the event, including Intellihot, Mitsubishi Electric Trane HVAC US (METUS), Transom, ECO2 Systems, Mayekawa and Budzar. “We have more competitors, but we’re all seeing the same growth; we’re not fighting over market share,” he said.
The heat pumps are replacing natural-gas boilers, which are being banned in some locations, noted Bucklin. In addition, building owners are receiving incentives to offset the higher cost of the heat pumps compared to natural-gas boilers. The heat pumps “use less energy so there’s an ROI,” he added.
Bucklin said that CO2 heat pumps “compete well” with heat pumps that use f-gases like R134a or R513A. “We offer hot water in ambient temperatures down to −4°F [−20°C], while those only go down to 35°F [1.7°C],” he said.
The Lync brand and its Aegis heat pumps were launched by Watts in April 2021. Last year the company said its CO2 units were in use across the U.S., with multiple installations in California, Florida, New York and Tennessee. While they can be deployed in most locations, Lync offers an electric storage tank to supplement heating when outside temperatures drop below −4°F.
The CO2 heat pump water heaters are not designed for space heating because of the high “delta T” or temperature differential required. “They can make up to 180°F [82°C] water, but they can’t take back 160°F [71°C] water to the heat pump; it’s got to be 86°F [30°C] or below,” Bucklin said. The system uses a secondary heat exchanger to ensure that the return water is at that temperature.
The Aegis heat pumps come in two models, A (air source) and W (water source). The heating capacity of the A unit ranges from 210MBH to 494MBH (17.5TR/61.5kW to 41.2TR/144.9kW), with a COP from 3.8 to 3.5. The W unit, which uses source water temperatures as low as 18°F (−8°C), offers capacities of 199MBH to 477MBH (16.6TR/58.4kW to 39.8TR/140kW) and COPs from 3.7 to 3.5. They both have a cool-recovery option that provides simultaneous production of cold water along with hot water, further increasing COP.
Other CO2 heat pumps
Other exhibitors of commercial domestic-hot-water CO2 heat pumps at AHR Expo 2024 included Japanese manufacturer Mayekawa and Canadian manufacturer Transom, both displaying units that were unveiled for the U.S. market at last year’s AHR Expo in Atlanta, Georgia. A spokesperson for Transom at the 2024 show said Transom plans to deliver units at the end of this year, following certification by Intertek.
Mitsubishi Electric Trane displayed a unit, the Heat2O, it launched in 2021. The heat pump cuts heating costs at least 70% compared to traditional water heaters, according to Dana Fischer, Director of Regulatory Strategy, Mitsubishi Electric US.


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For the past few months, the lists Disney Plus communications send to the press have been highly unreliable. This is a bigger issue than it sounds like and is part of a larger problem with Disney's' marketing and communications.
What if we told you Disney Plus was developing an awesome new homescreen feature?
Disney Plus released their list of content coming to the USA in October and it appears to be full of mistakes.
TGIF moving to HBO Max? Hulu is set to lose over 800 episodes of classic sitcoms including 'Full House' and 'Family Matters.'
It's going to be a while before we see 'Sneakerella' on Disney+.
Director / Writer of 'Tiger Town' joins us for a special guest post on why the first Disney Channel Premiere film should be streaming on Disney+.
If Disney's marketing teams blew a surprise we're here to speculate on it... if not we're speculating anyway.
What if I told you that Mysterious Benedict Society was probably getting renewed? Here's the proof.
It looks like Spin is heading to Disney+ in September. How did we arrive at this theory and what are windows anyway?
When does The Simpsons season 32 come to Disney Plus?
Signs point to Sneakerella being delayed and moving to Disney Channel from Disney+. This is far from the first time...


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Future of Work 2020: Experts discuss how India's next billion users will prefer snackable video content
Internet adoption in the last two years reached 530 million users in India, adding 65 million new users every year, according to a RedSeer report. Further, with telecom players providing subsidised internet prices, it will add around 320 million new internet users by 2023. Interestingly, most of these users will be from Tier II and III cities of India.
On the second day of Future of Work 2020, YourStory’s tech, product, and design conference, leaders from the Indian startup ecosystem came together for a panel discussion on ‘Designing for the next billion users’.
The panel included Vivekanand Pani, Co-founder of Bengaluru-based language technology startup Reverie; Shayak Sen, Head of Design of social commerce platform Meesho; and Sumit Gwalani, Co-founder of neo-banking startup EpiFi. The panel was moderated by Meeta Malhotra, Founder of The Hard Copy.
The panel discussed how designing for the next billion will be different, and what are the trends to watch out for in the designing space.
Vivekanand Pani, Co-founder, Reverie; Meeta Malhotra, Founder, The Hard Copy; Shayak Sen, Head of Design, Meesho; and Sumit Gwalani, Co-founder, EpiFi, at FoW2020
Change in the design paradigm
The first 50 million Indians who came online were mostly English-speaking users from cities. They were first introduced to the internet through the computer and laptop. On the contrary, most of the next billion users have grown up using smartphones since their childhood, and there are both pros and cons to this.
“The positives are they can type way better than most of the existing users, and their mobile phone usage is also very sophisticated. My learning at Google Pay India has been to ensure that anything that we design or build has to be natural,” said Sumit.
He believes the design interface has to be very natural to use for the next billion users. Stating an example, he said that payments always meant dealing with a list of transactions.
"But then, we discovered that payment is nothing but interaction between two different people. That is why when you open Google Pay, it is not a transaction based design but an entity-based design, with chat heads of people or friends who you have interacted with or transacted with,” he said.
Shayak said that platforms like Meesho allows online commerce to reach a large section of internet users. He added that about 78 percent of Meesho's users are women, who are collaborating and attributing to the community. Thus, according to Shayak, collaboration is the way forward. Other factors like producing more snackable video content and gamifying are very important. Finally, the designs have to be fun.
Vivekanand is of the opinion that localisation and literal translation of English content will not work with the next billion users. “Even while using design templates, we often tend to use the same icons across languages. That might be a problem for few,” he said.
Trends to follow
After keyboards and keypads, the next trend that followed was touch.
“But touch can offer only so much. Voice assistance has been gaining popularity, and the way people interact with devices has changed,” Vivekanand said.
Sumit, however, believes the next billion users are going to use voice assistant and voice or speech use will be limited to an ‘assistant model’. Snackable content will cater to the next billion, he added.
“Everything is better in short capsules. It is all about how you summarise. Make your website using the right text and icons. Convey the main functionality in a simple and natural way,” Sumit said. Hence, the homepage of any website should convey the main contents of the website.
Moreover, an important lesson for all designers is to learn the need to change their perspectives and see how business metrics work.
Sumit said that startups with limited budget should not worry about how to make it big. Seeking advisory help from successful players in the ecosystem will help optimise the cost.
“There is enough material out there. Kick-start your research on day one. Validating what you are building with research is an added advantage,” Sumit added.
(Edited by Megha Reddy)
A big shout out to our Future of Work 2020 Sponsors: Alibaba Cloud, Larksuite, Vodafone Idea Limited, Gojek, Adobe, Udaan, Pocket Aces, Junglee Games, ShareChat, Open, Vesta Space Technology, Maharashtra State Innovation Society, Kristal.AI and GetToWork; and our Knowledge Partner: Ascend Harvard Business Review.


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MQ Retail AB deploys Surface Pro in its brick and mortar stores
- Posted: Jan 23, 2014 at 10:25AM
- 290 views
Right click “Save as…”
MQ Retail AB, a top retailer in Scandinavia, has selected Microsoft Surface devices as a new way to deliver on a broader shopping experience to customers in store. Early indications from pilot stores are that the devices positively impact sales per store and offer overall supply chain and inventory management benefits. MQ will be looking to deploy Surface more broadly later this year.


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Head over to our on-demand library to view sessions from VB Transform 2023. Register Here
Amazon’s $200 million Alexa Fund for the promotion of voice-powered products and conversational computing today announced investment in new early-stage startups Bamboo Learning, Endel, and Aiva.
Bamboo Learning is exploring ways to teach people using voice-based devices like Echo speakers. The Bamboo Music Alexa skill teaches people the fundamentals necessary to play an instrument and increases the difficulty level as users advance and learn more. Bamboo was founded by former Amazon Devices VP Ian Freed.
Aiva is a health care assistant that combines a smartphone app with voice commands to help caretakers respond to calls for care. Aiva took part in the 2017 Cedar-Sinai accelerator for health care companies.
Endel is a graduate of the Techstars Music Accelerator and according to its website makes “personalized sound environments” to help people focus, relax, sleep, or get moving.
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Financial terms of the deals were not disclosed.
Each of the companies will participate in October 9 presentations at Demo Night for the second cohort of the Alexa Accelerator, a startup accelerator paid for by the Alexa Fund and hosted by Techstars.
The news comes days after the Alexa Fund participated in a $6.7 million round for prefabricated home startup Plant Prefab, and a week after Amazon debuted nearly a dozen new devices, including second-generation versions of the Echo Dot and Echo Show, as well as the Echo Auto and a series of amplifiers.
In total, the Alexa Fund has provided financial backing to more than 50 companies, including microphone maker Vesper, sales assistant Tact.ai, and smart home device makers Ecobee and Ring. Amazon acquired Ring in February, reportedly for more than $1 billion.
The Alexa Fund was established in 2015, and last year Amazon pledged to back more companies outside the United States.
Among other Alexa Fund-backed initiatives, more than a dozen new universities were chosen to participate in the Alexa Fund Fellowship to increase the use of conversational computing and voice AI research at colleges in various parts of the world.
Beyond backing for specific startups, to spur growth of the third-party ecosystem that now includes more than 50,000 Alexa skills, Amazon earlier this week announced the introduction of consumables so developers can charge users for things like special powers or extra lives when they are playing games and for ephemeral goods for non-gaming skills.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.


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Is Wube Software's factory-management game utterly brilliant, or merely fantastic?
We've picked some of the best projects recently completed in our project log forum.
WD Gold hard drives, that is.
Targets enterprise customers.
Now a Linux Foundation project.
We test Intel's new flagship drive, the SSD 730, which brings enterprise features to the mainstream.
SSD specialist STEC has announced a technology for boosting cMLC endurance by thirteen times.
OCZ Technology has opened the doors of its latest manufacturing plant, dedicated to SSDs.
A distributor has announced upcoming 2.5" 10K and 15K RPM drives - before the manufacturer.
Seagate has announced a continuation of its partnership with controller specialist LSI, and the plans for the companies to release a range of PCI Express-connected SSDs.
September 18 2020 | 18:30
Copyright © 2000 - 2020, bit-tech.net. All rights reserved.


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Beiersdorf Sees Margin Improvement Amid Emerging-Market PushAaron Ricadela and Nicholas Brautlecht
Beiersdorf AG, the maker of Nivea skin cream, reported estimate-beating full-year profit and forecast further gains in profitability this year as it pushes into emerging markets to counteract slower growth in Europe.
Earnings before interest and tax and excluding one-time items reached 13.2 percent of sales last year, compared with 12.2 percent in the prior year, Hamburg-based Beiersdorf said in a statement today. Sales this year may rise 4 percent to 6 percent and profit margin will improve slightly, the company also said, pushing the shares up as much as 2.5 percent.
The maker of Labello lip balm is expanding in China and other emerging markets to make up for slower growth nearer to home as European consumers keep a lid on spending. Chief Executive Officer Stefan Heidenreich has been investing in developing new products such as extending the Nivea line.
“We see good chances that Beiersdorf can gain further market shares in both the mature consumer markets and in emerging countries such as China with a stronger brand portfolio,” Thomas Maul, an analyst at DZ Bank AG, said in a note to clients. “It makes a lot of sense to provide cautious guidance at the beginning of the year.”
Beiersdorf rose 1.9 percent to 73.45 euros at 11:57 a.m. in Frankfurt. The stock rebounded from a 2.4 percent drop in early trading as disappointment among some analysts over the scale of the margin improvement was quickly cast aside.
Speaking at a press conference in Hamburg today, Heidenreich said Beiersdorf doesn’t share the caution of some competitors regarding market development.
“It’s looking good at the moment,” he said.
The CEO also said the company could use cash for acquisitions at “some point” -- cash and equivalents stood at 984 million euros ($1.35 billion) at the end of last year.
Beiersdorf expects “double-digit growth” in China this year and continues to anticipate breaking even there after years of losses, Chief Financial Officer Ulrich Schmidt said at today’s earnings presentation.
Emerging markets aren’t as profitable as Europe and North America, which means the company needs to expand production to reach a “critical mass” in China and other new markets, Bassel Choughari, an analyst at Berenberg Equity Research in London, wrote in a Feb. 24 note. Sales in Asia, Africa and Australia now account for nearly 27 percent of revenue, he said.
Net income last year was 543 million euros, topping the average analyst estimate of 532.6 million euros. Earnings before interest, tax and special items rose to 814 million euros from 735 million euros.
Beiersdorf will pay an unchanged annual dividend of 70 euro cents a share, which corresponds with the company’s benchmark of about 30 percent of net earnings per share, Schmidt said.
“In that respect we are at an average of all DAX companies,” the executive said. “We believe that our shareholders last year again benefited from an increasing share price, that’s why the dividend wasn’t in the focus.”
Beiersdorf, which also makes Hansaplast bandages and La Prairie beauty products, on Jan. 16 reported sales rose 1.7 percent to 6.14 billion euros last year. Excluding currency shifts, acquisitions and disposals, revenue grew 7.2 percent, the strongest performance since 2008.


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When Facebook's mobile app began misbehaving on an older version of Android in late 2012, Facebook engineers had to dive deep into Android's code to figure out what was causing the mishap. In a whiteboard session today at Facebook headquarters, mobile engineering director Mike Shaver described how Facebook identified a problem in Android itself, then created a workaround for its own app so users wouldn't have to suffer.
Adobe has released the emergency update for Reader and Acrobat that it promised late last week.
The company decided to get a move on to deal with a newly-reported vulnerability that was actively being exploited, at least on Windows and the Mac.
The timeline has been pretty swift:
2012-02-12: Bug reported in a blog post by FireEye. Details scant.
2013-02-13: Adobe publishes a security bulletin, including a workaround for Windows users.
2013-02-17: (Weekend) Adobe announces patch "next week."
2013-02-20: Patch is released.
Whenever Google releases a new version of Android for its Nexus devices, it doesn’t roll out to everyone at once. It may take several days before your device receives the update, but you don’t have to wait.
Note that this only works if an OTA (over-the-air) update is actually available – for example, if you’ve got a Nexus 4 running Android 4.2.1 and you haven’t yet received a notification to update to Android 4.2.2. This won’t help if you’re using an Android device that isn’t receiving updates.
Firefox has been fast and furiously releasing new versions, foregoing the standard dot releases and going with a "rapid release" ever since 2011. Over the past two years we've gone from version 4 all the way to version 18. The latest version, 19, is expected to be officially released tomorrow and will include the ability to view PDF files natively within the browser.
A Florida personal injury lawyer has filed a Federal lawsuit against Hewlett-Packard on behalf of rock and roll icon Ernest Evans, better known as Chubby Checker, over an app developed for webOS that "adversely affects Chubby Checker's brand and value and if allowed to continue, will cause serious damage to the Plaintiff's goodwill and will tarnish his image that he has worked to maintain over the last 50 years." That app, called the "Chubby Checker," allows users to enter a man's shoe size to estimate the size of his penis. Evans' attorney is seeking half a billion dollars in damages.


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In five years’ time…
Factory-fitted telematics and Uber for trucks are coming, and soon, says business consulting firm Frost & Sullivan in its recently published Global Connected Truck Telematics Outlook report
Telematics is hardly a niche concept for modern commercial vehicle operators, and it’s common enough to find truck fleets decked out with little black boxes. The level of connectivity swirling around trucks, drivers and the businesses operating them is on the increase, though, and telematics, along with other connected systems, is evolving.
One of the chief findings of the report was that telematics systems are on the cusp of becoming standard, factory-fitted components in new trucks, rather than aftermarket additions. That’s expected to be the case in little more than five years, according to Gokulnath Raghavan, senior mobility analyst at
Frost & Sullivan, who contributed to the report.
“By around 2022, maybe 2025, factory-fitted telematics will not be a differentiating factor between the original equipment manufacturers (OEMs). If Scania offers telematics, and Daimler doesn’t, for example, it gives Scania an advantage, but, by 2025 it won’t matter, because all models will come with factory-fitted telematics.
“We also think there are going to be a lot of partnerships and associated service offerings between the OEMs and telematics service providers. In future, we perceive that the telematics providers will mostly be operating in tandem with the OEMs,” says Raghavan.
He adds that the physical components powering telematics systems aren’t likely to change a great deal, but the software and, crucially, digital security, are expected to come on in leaps and bounds – particularly as vehicles start to do more things for themselves.
“What we predict is that the importance of and the focus on hardware will decrease, and there won’t be many more design tweaks to physical telematics components. There will be much more focus on the software and on the cyber security side.
“This is because, with more autonomous features, there’s more work to do on the security aspects – and, as more digital components are included on the same system, one has to be very careful not to affect the entire digital architecture of the vehicle, so security will become the prime aspect,” explains Raghavan.
That increase in cyber security is tipped to go hand-in-hand with a rise in autonomous technology. According to Raghavan, level-three autonomous trucks should be up and running by 2025. That means the vehicle will still require a driver to intervene in sticky situations, but it will be able to drive independently, and even handle what are described as “safety-critical functions”.
“We have things like platooning right now, but trucks will become autonomous on different levels – and it’s just a question of how autonomous,” says Raghavan. “We think that level-three autonomous driving – practicality the beginning of fully operational autonomous trucking – will be possible in 2025, and there have already been tests for it, but whether or not it will be possible will depend on the country and the level of regulation.”
The report also found that truck manufacturers and telematics specialists could branch out into the digital heavy-vehicle brokering market. Affectionately dubbed Uber for trucks, the practice, which is becoming increasingly popular in the United States, involves truck operators and/or drivers arranging journeys via an app to maximise efficiency for return journeys, in particular.
Raghavan says: “Let’s say you want to ship a bicycle from California to New York, you put the request into the app, and someone might say ‘I’m going there in a car and I have a space, so I’ll transport it for you’.
“That’s how it works in the domestic market, and similarly, in the trucking industry, if you have tonnes of goods that need to be transported, there are web and mobile-based platforms that allow you to arrange it.
“Traditionally, there used to be a middle man (a broker) who had notes of different truck drivers or fleet operators in different regions, and he would tell you: ‘I have a fleet operator who is going from point A to point B – this person can transport it for ‘x’ commission.’
“Now it has shifted from traditional to digital brokering. There is a website or an app and you post a message which says: ‘I’m going from here to there, I have this much space and I can transport these types of goods.’
“This is particularly relevant for return journeys. If a vehicle travels from A to B and it comes back empty, it’s a huge loss for a truck or fleet operator, so it can be much more efficient if the driver says: ‘I’m going back to point A, I have an empty trailer, contact me if you want goods transported on that route.’
“All this would be operated through a website, but it’s now switching to the application base; so you have an app on your mobile device and the user can track your route, see where the truck is, how far it is from the destination, and so on.”
Frost & Sullivan’s research found that this form of digital brokering was considered to be a threat to what it described as “the existing telematics service business case” and, as a result, vehicle manufacturers and telematics companies could begin offering their own versions of Uber for trucks.
“There are fears that, with the rise of digital freight brokering, these app developers are also offering basic tracking and tracing,” adds Raghavan. “So how are the telematics companies going to differentiate themselves? In future, the telematics provider (either OEMs or telematics specialists) may offer this as an additional, value-added service.”
The practice is so popular that some suppliers are already gunning for business by integrating digital freight brokering into their offerings.
Raghavan says: “Some technology companies now offer OEMs a complete package for connected truck services, which would include digital freight brokering, advanced telematics and other features. The idea is that the whole truck will become completely connected, so it’s not just a box sending certain bits of information back.”
He concludes: “An operator would have information about every feature of their truck including the engine, the transmission – everything, and that information could be used to optimise the fleet and improve its transparency and efficiency.”


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- ZeroHedge article from Wikipedia
- Daniel Ivandjiiski article from Wikipedia
- Krassimir Ivandjiiski article from Wikipedia
- Zero Hedge, RationalWiki.
Pages in category "ZeroHedge"
The following 20 pages are in this category, out of 20 total.
- Google and Facebook Are Cracking Down on the Far Right - 2020-06-17
- Google bans two websites from its ad platform over protest articles - 2020-06-16
- Google boots far-right site ZeroHedge from ad platform for hosting 'dangerous and derogatory' comments about civil rights protests - 2020-06-17
- Google kicked ZeroHedge off its ad platform and warned the Federalist - 2020-06-16
- Google kicked ZeroHedge off its ad platform, put The Federalist on notice for racist protest content - 2020-06-16
- Ted Cruz and Tucker Carlson slam Google for cautioning The Federalist - 2020-06-17
- The men behind Zero Hedge have been unmasked - 2016-04-29
- Twitter Banned Zero Hedge For Doxing A Chinese Scientist It Falsely Accused Of Creating Coronavirus - 2020-01-31
- Twitter bans Zero Hedge after it posts coronavirus conspiracy theory - 2020-02-03
- Twitter reinstates Zero Hedge account saying its earlier suspension was 'an error' - 2020-06-13


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Fans of the Rolling Stones will be pleased to hear that the band is making their new album available on a flash card format
. "The Bigger Bang" will be released by Virgin Records on memory card, which provides greater flexibility and added features to to prevent copying. The card works with mobile phones and hand-held computers, and will be available in November at select US stores for $39.95 (£22.06).
SanDisk spokesman Ken Castle said while the card can be taken out and transferred to other different devices such as mobiles and electronic organisers, the content stays locked in the card.


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San Antonio FC made single match tickets available Tuesday via their social media accounts. From the home opener April 9th to the final regular season match at Toyota Field on September 17th, tickets are available today through a special promotion here. General sale of single game tickets begins tomorrow, Wednesday March 9th as we enter into the last month before USL soccer comes to San Antonio for the first time.
If you’re going to be at Toyota Field for any SAFC events this year, make sure to tag the Pitch Black social media account @PitchBlackNews (for twitter, Facebook, instagram, etc.) so we can celebrate as a community! If you can’t make it to any games or events, by following the accounts above you’ll be connected to the action through Facebook live, periscope, photos, and live updates. We’ll also have pre and post match write-ups on the site.
The next event at Toyota Field is the alternate kit reveal and “major partnership announcement”. We’ll have live coverage of the event, but the public is encouraged to come out and join in the fun. It will also be your first chance to get your hands on SAFC merchandise.


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A look at how last week’s news affects mobile publishers…
Facebook Stays Out of the Corner
Facebook released its second-quarter results and it has proven, once again, it can take a punch, or even a few punches, and still deliver. The social media giant beat analyst’s expectations with 28 percent growth year over year to $16.9 billion, which also represents a slight uptick from the previous quarter.
Facebook also added about 39 million to its monthly active users which grows the total to 2.41 billion. And its shares are up 56 percent, which is described as a solid performance in the face of extreme regulatory scrutiny and the largest privacy-related fine in FTC history.
Everything connected to Facebook showed growth in the 2nd quarter. Its platforms, daily usage and even the Facebook app. It even added one-million daily users in the mature U.S. market. All told, there are 2.7 billion people using Facebook platforms each month. Three quarter of those users check in each and every day.
Snap Posts Record User Growth
The parent company of Snapchat, Snap, Inc., also had a strong second quarter. In fact, it reported its best user growth ever for the quarter.
The Santa Monica, CA social media company daily user base grew by seven percent from the previous quarter to 203 million, marking the second consecutive quarter for growth. The previous three quarters were either stagnant or showed decline. Not since its initial public offering in 2017 has Snapchat added more than the 13 million it added in Q2 of this year.
These are all positive signs that Snapchat app improvements and a leadership changes are translating into gains for the business. Its ability to increase its user count is important for the company to attract more advertisers and collect more revenue. As a result, the price of Snapchat’s shares on Wall Street have increased and have doubled in value this year.
Heads up, Advertisers: Facebook is Shrinking Mobile News Feed Ad Space
Facebook has announced it is changing the aspect ratio for post and ads on its mobile news feed. They’ll soon be displaying at a 4:5 aspect ratio, which is a bit shorter than its original 2:3 aspect ratio.
Ads on mobile will show fewer lines of text. Advertisers will also have to deal with the maximum height for photos or videos being reduced to fit the new design. According to Facebook, these changes are part of creating a more consistent experience for users on mobile. And it follows a trend on social media that “less has to be more.”
The company recognizes that this forces marketers to change their thinking on branding. Less space creates the need for shorter messages to be delivered more frequently in order to “cut through the noise.” The company is providing tools to help marketers. New editing and resizing options were included in Facebook’s Video Creation Kit, making it easier to create content with multiple aspect ratios.
Study: Instagram and Amazon are True Contenders to Duopoly
New research claims that Instagram and Amazon may prove to put a serious dent in the Google-Facebook duopoly. Digital marketers are choosing to increase their investments in both platforms.
Marin Software surveyed over 450 B2B and B2C digital marketing professionals in both the US and UK and their responses indicated a leveling playing field with paid search in digital advertising. Paid search still has 39 percent of total budget but paid social now captures 18 percent of budgets and display 16 percent. The survey also brands spending almost as much on Instagram as on Facebook, 21 percent to 27 percent. And yet, the cannibalization factor is not in play because the marketers say the Instagram spend will come from incremental budget.
Marketers are also planning to increase spend on Amazon, according to the survey. Sixty percent said they plan to do so because most of them see Amazon as a growth opportunity. However, the survey revealed Amazon has some things to work on—37 percent were not in favor of campaign management tools on Amazon and 23 percent said reporting tools are not as established as other channels.
The survey also confirmed Google as the most trusted publisher by respondents. It scored an average of 4.5 out of five. A total of 98 percent rated the search giant as a four or five on the trust index.
Report: Gen Z, Millennials Unhappy With Social Media’s Impact on Their Lives
A company called Full Screen spoke to thousands of Gen Z’ers and millennials and, believe it or not, despite having come of age with social media, more than half daydream about life without social media.
This is a group where virtual “likes” determine their personal worth but the survey showed a lot of young people are realizing social media activity is too closely tied to their mental wellness and sense of identity. For example, 83 percent readily admit their mood is affected by the number of likes, comment and share they get from their posts on social media.
In addition, 54 percent report being constantly connected to their devices worsens their mental well-being, and 51 percent say they often think about what life would be like without social media.


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DALLAS — Southwest Airlines’ attempt to thank its online friends with a half-price ticket sale has backfired with customers inadvertently being billed multiple times, not feeling the “luv.”
Airline spokeswoman Ashley Dillon on Saturday blamed a “technology glitch” for the duplicate billings to debit and credit cards.
She says the airline doesn’t yet know how many took advantage of their “luv2like” promotion that gave customers who booked flights on Friday a 50 percent discount on certain fares. She says officials at the airline are working to refund erroneous charges.
Frustrated customers have reported waiting hours to speak to customer service reps.
The promotion was to celebrate the airlines’ three million Facebook fans milestone.


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From the Saranda restaurant located in Tuzla, whose 15 chefs participated in preparing and making of 800 kilograms of baklava. Later on, baklava was cut in 15,200 pieces and given to children, people in need, pensioners and miners.
Baklava was nominated for the Guinness Book of Records, and chef in charge decided to share the recipe with the public.
This baklava is also a halal product because it is made from products that have a halal certificate, and in the same way, the attention is drawn on the health and hygiene correctness of the food we use.
240 kilograms of Milin Majic Flour
320 kilograms of walnuts
Bimal oil 200 liters
8 kilograms of salt
72 kilograms of coconut flour
240 kilograms of sugar
240 liters of water
56 liters of lemon juice
Organizers said the chefs have been preparing the traditional cake named “Baklava” for 10 days and that it will be nominated for Guinness World Records as the biggest one in the country.
“Much time and effort have been invested to make baklava in a way our grandmothers prepared it according to the original recipe,” Serif Abdiji, a chef whose team prepared the cake, told reporters.
The traditional cake was cut in 15,200 pieces and given to miners who marked the Miners Day of BiH on Friday.
“The aim is to give baklava to every miner in Tuzla, to children attending primary schools in Tuzla Canton, children without parents, and pensioners,” said Vedran Jahic, spokesperson of the Third Gastro Show, an organizer.


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The North Korean Bureau 121 cyber warfare unit has continued to recruit new computer experts to its unit, with potential long-term plans of conducting wide-scale cyberespionage operations. Despite additional sanctions levied against Pyongyang, it hasn't slowed momentum of the secretive cyber unit.
"North Korea is currently running its 6,000 (-member) workforce for cyber warfare and performing cyberattacks for physical and psychological paralysis inside South Korea such as causing troubles for military operations and national infrastructures," said the South Korean Defense Ministry, in a statement published by Reuters.
The North Korean government has denied it was involved in breaching Sony Pictures Entertainment - but details of its hacker group continue to be published. Bureau 121 has been blamed for several notable breaches targeting South Korean banks and other infrastructure, with the unit's skills reportedly developing.
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If “news” is about how today differs from yesterday, the press missed a lot of news in the long-awaited new report from the United Nations Intergovernmental Panel on Climate Change that was issued a few weeks ago.
After 41 years of promoting a fuzzy and unsatisfying estimate of how much warming might result from a doubling of atmospheric CO2, the world’s climate science arbiter has finally offered the first real improvement in the history of modern climate science.
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2018's Amazing Accomplishments in Climate Science
11. 3.2 million electric cars are in use worldwide
Electric cars have been around since the dawn of the automobile — the first one invented in the 1830s. By the 1980s-1990s, battery technology had advanced enough to capture the attention of big automakers like General Motors and Toyota. In the ’80s and ’90s, battery technology had advanced enough to capture the attention of big automakers like General Motors and Toyota. More recently, Nissan’s LEAF (introduced in 2010) became the world’s best-selling electric car, with nearly 300,000 units sold globally by 2017.
American automaker Tesla Inc. also captured the world’s attention with its sleek, tech-heavy luxury electric cars. Today, every major automaker is getting into the electric vehicle business. Earlier this year, a survey by Germany’s Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) found that the world has a record 3.2 million electric cars, including 1.2 million in smog-choked China.
12. Nuclear fusion could be used for electricity within 15 years
Nuclear fusion, a theoretical source of zero-carbon energy, perpetually seems to be an more innovation of the future rather than the present. The fusion process involves forging lighter elements to form heavier elements, a process that leads to a release of energy. This is done by squeezing hydrogen atoms until they fuse to form helium.
The problem is the process requires such extreme temperatures scientists need to overcome two issues: how to avoid the hot material from melting any solid machines, and how to reach a reaction that would produce more energy than was used to create the heat. Scientists hope magnets could help solve both problems and plan to build the first fusion reactor connected to a power grid by the early 2030s.
13. Creation of a rechargeable proton battery prototype
Earlier this year, researchers at Australia’s RMIT University announced a breakthrough in environmentally friendly energy storage technology that has the potential to change the way we power our homes, gadgets, vehicles, and even entire electric grids. Called a “proton battery,” the technology is complicated but essentially involves storing hydrogen in a carbon electrode connected to a so-called reversible fuel cell that produces electricity.
Crucially, the battery does not require lithium ion, the material used in current energy storage devices, from electric car battery packs to smartphone batteries. Instead, it relies on an electrode made from cheap and abundant solid carbon. The researchers were able to prove their concept with a small proton battery that was able to store as much energy as a comparably sized lithium ion battery.
The next step is usually the biggest challenge in such research: the ability to scale up the technology from inside a research lab to a commercially viable enterprise. Time will tell if the proton battery can replace lithium-ion ones.
14. Breakthrough in diesel systems technology.
Despite all the interest in and promises of electric vehicle technology, the number of battery-powered passenger cars remains a sliver of the total number of cars. According to the International Energy Agency, electric cars (including plug-in gas-electric hybrids) command only about 1% to 2% (or less) of local market share, except in Norway, Iceland, and Sweden.
This means that for the foreseeable future, reducing pollution from internal combustion engines is still an important part of combating greenhouse gas emissions. Research continues to lower emissions from diesel engines. This year, German company Bosch claimed a breakthrough in making diesel engines cleaner through the use of new fuel-injection technology and air and temperature management.
The company says the new technology greatly reduces nitrogen oxide emissions, reducing this greenhouse gas to 13 milligrams per kilometer, way below the EU mandate of 120 mpk by 2020. Cleaner internal combustion engine tech is vital until the world adopts vehicle electrification or some other technology en mass, which is still a long way off.
15. Advances in spintronic research to lead to new computing technology
Computers can produce a lot of heat, and energy-sucking data centers both produce and consume a lot of energy to keep the servers from overheating. A new research, however, might change all that by creating new computing devices – spintronic devices — that generate little heat and do not use much electricity.
Spintronics research has had another breakthrough this year, when engineers at the University of California, Riverside, were able to use spintronic components made of low-cost metals and silicon, rather than expensive ones. Unlike electronic devices, like the personal computer, spintronics devices utilize the intrinsic angular motion of an electron, or spin, to process, transmit and store data. Spintronic computers would be far more powerful and require no energy to maintain data in memory. Spintronics research is still very much in its early development stage.


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UK households have burnt through their savings, bringing them to their lowest level since 2005, official figures have revealed.
A rise in consumer spending was behind the “sharp decline” in savings, according to the Office for National Statistics.
The amount tucked away for a rainy day fell by £68.9bn between 2015 and 2017. Now, UK households are £8.4bn in the red.
The saving ratio – the amount of money households have available to save as a share of their disposable income – also fell to the lowest level on record.
The ONS said: “Households have experienced a continuous decline in their real purchasing power since 2016.”
As savings have dwindled, consumers have turned to borrowing to maintain...
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Three electric-car startups have risen to the top of the pack in China. Nio, Xpeng, and Li Auto are all challenging Tesla in what’s becoming its most crucial market. Here’s a quick guide to the companies and the high-tech models they sell.
What is the best Chinese electric car?
Here’s the list of top 15 best-selling new energy passenger cars, including SUVs, in China for 2021:
- eQ (Chery)
- Benben EV (Changan)
- Aion S (GAC Motor spin-off)
- Ora Black Cat (Great Wall Motor)
- P7 (Xpeng)
- Tang (BYD)
- Ora Good Cat (Great Wall Motor)
- Nezha V (Hozon Auto)
Do the Chinese have electric cars?
According to industry analyst ZoZo Go, electric vehicle (EV) makers sold a total of 3.3 million units in China in 2021, up from 1.3 million in 2020, and 1.2 million in 2019. According to Seeking Alpha, EV sales worldwide increased 69% in the first 11 months of the year, with China outpacing global growth.
What of cars in China are electric?
Nearly 19 of every 100 passenger cars sold in the country last month were EVs, including plug-in hybrids. The EV share in October compares with only 5.8% in 2020, according to the newspaper.
How many electric cars are made in China?
As of 2020, more than three million passenger electric vehicles were sold in China, over double the number sold in the US.
China vs US: Who is Winning the Electric Vehicle Technology Race?
|CHINA||TITLE||THE UNITED STATES OF AMERICA|
|China BEV: 3.5 Million China PHEV: 1.0 Million||Global electric passenger car stock in 2020||U.S BEV: 1.1 Million U.S PHEV: 0.6 Million|
Is Nio better than Tesla?
Tesla Is The Safer Bet
Overall, while Nio’s faster recent growth and unique innovations such as Battery as a Service (BaaS) – which allows customers to subscribe for car batteries, rather than paying for them upfront – are no doubt interesting, we think it remains a riskier investment compared to Tesla.
Is Nio selling cars in China?
The overwhelming majority of NIO sales are in China, although in late 2021 the company started sales also in Norway (ES8 model).
Who makes Chinese electric cars?
Chinese electric battery and vehicle maker BYD said in May it produced 1 million passenger cars in the new energy vehicle category, which includes battery-only and hybrid-powered cars.
Why do Chinese buy electric cars?
Nearly half the respondents said they will consider buying an electric vehicle for their next car purchase, the report said, noting consumer preferences for lower operating costs, a better driving experience and environmental friendliness.
Are all electric car batteries made in China?
Some of the batteries that drive them are Chinese-made and the minerals that power the batteries are largely refined and mined by Chinese companies.
Is China pushing for electric cars?
Annual Production of Electric Cars. China is rapidly expanding annual production of electric cars, and is on a pace to make more than eight million vehicles by 2028 as its companies race to build new factories.
What country makes the most batteries for electric cars?
NINGDE, China — As the global pandemic hit, the world’s biggest maker of electric car batteries, a Chinese company now worth more than General Motors and Ford combined, suddenly faced its own crisis.
What is BYD China?
BYD is a major Chinese automaker based in Shenzhen, Guangdong Province. It sells vehicles under the BYD brand. Founded in 1995, BYD started out as a battery maker and entered the automobile business in 2003. … Leveraging its strength as a battery maker, the company is developing electric and plug-in hybrid vehicles.
Will China dominate electric cars?
China’s electric car leaders predict new energy vehicles will dominate the local market by 2030. New energy vehicles, which include electric cars, will account for 70% of China’s new car sales by 2030, BYD founder Wang Chuanfu said at a conference over the weekend.
Is Nio backed by the Chinese government?
During the worst of the pandemic, Nio got a $1.4 billion investment from the Hefei government, integrating it into the local supply chain. The deal made no economic sense, but it solved the scaling problem. Nio could focus on technology and marketing. The government aid sent Nio stock to the moon.
Are there any Chinese cars sold in America?
Since 2015, Volvo (owned by Geely Car Company) has sold Chinese assembled XC60’s in the U.S. Similarly, Buick has sold the Buick Envision here, which has been assembled in China since 2014. But so far, no ‘homegrown’ Chinese car company has entered the U.S. market to sell their own engineered vehicles here.


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Digital Hi-Res Cameras Make Theft, Crime a Dumb Idea
Walla Walla County Sheriff's are looking for this guy, who is accused of using a stolen debit card....a lot! It appears this store has gotten into the act of having a high resolution security camera! What a picture!
The Sheriff's office says December 1st, this man was seen using the card, reportedly taken from a co-worker, at the Circle K store on Dodd Road in Walla Walla December 1st.
However, as one astute person commented on the media post, if the card belonged to a co-worker, wouldn't they likely know who he is? Oh well.
Anyone with any information is asked to call (509)-524-5400.


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CRM (customer relationship management) software will be the top priority for additional spending on enterprise applications around the world this year and next, according to newly released data from analyst firm Gartner.
The European Commission will ask the German government to explain more about a draft bill that aims to protect publishers against systematic access to copyright content by search engine providers such as Google.
After 12 successive quarters of double-digit growth at SAP, co-CEO Jim Hagemann Snabe is now pinning his future hopes on the company's recently acquired Ariba e-commerce network.
Opinions expressed on Twitter differ from public opinion measured by surveys on key political events and policy issues, reflecting that users of the Internet service are demographically very different from the public, according to a study by Pew Rese...
Microsoft has acquired MetricsHub, a startup focused on technology for automating cloud performance management.
Twitter will end support for TweetDeck on the iPhone and Android in order to focus solely on browser-based versions for those platforms. And it is also apparently dumping Facebook.
Facebook is working to set the record straight following a report suggesting that the site is gaming its News Feed so that people who pay to promote their posts will get more interaction from users than those who don't.
The Pirate Bay claims that North Korea has offered to provide network connectivity for its controversial search engine, which has faced a years-long battle to stay online.
After spending the past six months talking about prioritizing its business around mobile platforms, Facebook says it's time to get down to business.
SharePoint 2013 arrives with a new user interface and new collaboration, search, storage and task management features. But gaps remain in areas like social and mobile, and upgrading and governing SharePoint is still rife with challenges.
Amazon Web Services (AWS) is offering users a month-long free trial of a set of system analysis tools that the company is developing. The free offer is one of a number of price cuts and expanded services the company has introduced in the past few wee...
In another breakthrough for China's anti-piracy efforts, four major record labels have signed a deal to license music to a Chinese Internet firm in exchange for royalties, after the company had previously been accused of hosting links to illegal musi...
CloudFlare's Juniper routers choked on a slight programming change designed to deflect a distributed denial-of-service attack, knocking the company's services off the Internet for about an hour early Sunday morning.
The social network sent press invitations to a March 7 event at the company's offices in Menlo Park, Calif. "Come see a new look for News Feed," the invite reads.
New legislation in the U.S. Senate that would allow Internet users to tell companies to stop tracking them is unnecessary and could slow e-commerce growth, some tech groups said.
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GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.
The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.
The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.
My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.
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"SKIMS and the NBA will connect people of all backgrounds through fashion, sport, and talent," Kardashian said in a press release of the multiyear partnership
Kim Kardashian is making another baller boss move.
On Monday, her shapewear brand, SKIMS, announced it's now the official underwear partner of the National Basketball Association (NBA), the Women’s National Basketball Association (WNBA) and USA Basketball, the non-profit organization that oversees men’s and women’s teams participating in international tournaments.
According to a press release, the multiyear partnership will “leverage the power of basketball to generate excitement and demand” and will soon play out at future marquee events, including the NBA All-Star Game and the NBA In-Season Tournament.
Additionally, SKIMS will be featured across a variety of league platforms, from on-the-court signage showcased during broadcasted games to coverage on digital and social channels.
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“I am incredibly proud of SKIMS partnership with the NBA, as it is a reflection of SKIMS growing influence on culture,” Kardashian, co-founder and creative director, said in a statement. “Together, SKIMS and the NBA will connect people of all backgrounds through fashion, sport, and talent, and I look forward to seeing the partnership thrive.”
The brand’s co-founder and CEO Jens Grede — whose wife Emma Grede works with Khloé Kardashian on Good American — also shared that the “partnership marks a remarkable opportunity for SKIMS and the NBA to work together on what it means to engage the next-generation of fans through basketball.”
NBA commissioner, Adam Silver, noted all the new ways both the organization and SKIMS can interact with their respective fans through the significant collaboration.
Just last week, Kardashian launched an athlete-centered SKIMS campaign, “Every Body is Wearing SKIMS,” starring Oklahoma City Thunder basketballer Shai Gilgeous-Alexander, Brazilian soccer player Neymar Jr. and San Francisco 49ers defensive end Nick Bosa all of whom modeled the company’s new menswear line that officially launched on Oct. 26.
The line features briefs, boxers, tanks and tees for men inspired by the same design philosophy applied to its well-liked womenswear.
Kardashian launched SKIMS in 2019 and it has since become a billion-dollar company. According to The New York Times, SKIMS valued at $4 billion as of June this year.
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