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“F-150 Lightning is built for seamless transitions between charging your vehicle and powering your house when needed – and Ford is the first in the U.S. to offer this capability on an electric truck.”
Is there going to be an electric f150?
The Ford F-150 pickup truck is the best-selling vehicle in the US. The new 2022 model is all-electric and has features not found on its gasoline version.
How much does the electric F-150 cost?
Ford’s base model electric F-150 will cost $40,000 and can go 230 miles on one charge. Ford unveiled an electric version of its popular F-150 pickup truck on Wednesday called the Lightning, signaling a shift in the auto industry’s electric vehicle push, which so far has been aimed at niche markets.
Is the F-150 Lightning all-electric?
The F-150 Lightning is the smartest, most innovative truck Ford has ever built. May 19, 2021 | DEARBORN, Mich. Ford’s smartest, most innovative truck yet will be all-electric and called F-150 Lightning. … May 10, 2021 | DEARBORN, Mich.
Does Ford have an all-electric truck?
All-electric Ford F-100 Eluminator concept truck showcases the benefits of electric propulsion using a 2021 Mustang Mach-E GT Performance Edition battery electric powertrain and twin front and rear electric traction motors that produce a combined 480 horsepower and 634 lb. -ft.
How many F-150 Lightning Reservations are there?
There’s a huge amount of interest in the Ford F-150 Lightning. The automaker currently has more than 160,000 reservations for its upcoming electric full-size pickup, and according to new data published Tuesday, the vast majority are from folks who are new to EVs.
Is Ford going all-electric in USA?
Ford goes all-in on electric vehicles with massive multibillion-dollar investment. Ford Motor Co. … This commitment — the single biggest investment in the history of the 118-year-old automaker — will pay for a new assembly plant to build all-electric F-Series trucks and three battery plants.
How long do electric car batteries last?
How long do EV batteries last? Under current estimates, most EV batteries will last somewhere between 10-20 years before they need to be replaced.
Are Electric Cars Worth It?
Electric cars cost more to buy, but they’re more affordable to run than gas-powered cars. For one thing, fuel costs are lower. … Electric cars are also a lot cheaper to maintain and service because they have fewer moving parts and don’t need oil changes. You can even save money on your car insurance.
How long does it take to charge an electric F-150?
F-150 Lightning Charge Time
Ford says this unit will fully recharge the standard-range battery in 14 hours and the extended range battery in 19 hours. A 48-amp Ford Connected wall mount charge station is optional. It requires a 240-volt source and can charge the batteries in 10 and 13 hours, respectively.
Is Ford Lightning 4 wheel drive?
F-150 Lightning boasts excellent off-road performance, with a 4×4 system featuring four selectable drive modes: Normal, Sport, Off Road and Tow/Haul.
How much does a Ford SVT Lightning cost?
Fully loaded, and with the longest range, the Lightning is priced at north of $90,000. These prices may not seem comparable to a gas-powered Ford F-150, but if you do your homework, you’ll learn that they’re pretty close.
What Motor came in the Ford Lightning?
Ford Lightning Pickup Engine Specs
The Ford Lightning engine is a 5.4-liter Triton V8 similar to those found in the F-150 and Ford Expedition of the same vintage. However, unlike the standard 5.4 V8, the Lightning-specific engines have forged steel internals.
Do they make an all-electric truck?
Tesla is building the affordable electric pickup, since the Cybertruck will eventually be available in a $40,000 single-motor version with 250-mile range on a charge. The radically styled truck will offer, in its top-of-the-range $69,900 three-motor version, 500 miles of range and zero to 60 in 2.9 seconds.


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Next FOTA Fans Forum to be in New York
29 May 2012 – New York City, and Manhattan specifically, has been pinpointed as the next setting for the FOTA Fans Forum. So far, the event organised by the Formula One Teams’ Association has visited the McLaren factory plus Montreal, Milan and Barcelona.
The next Forum is set to be staged in just under a fortnight’s time, on Monday 11 June. This will precede the first Grand Prix of Americas, which is to be staged on New Jersey’s Port Imperial street circuit – with the legendary New York skyline backdrop – next year. The exact location and stars of the FOTA gathering are yet to be announced.
Fans hoping to visit the Forum can now register on the FOTA website.

domain: news


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After enduring eight consecutive quarters of decline, Indonesia’s smartphone market staged a remarkable rebound, surging by 8.8 percent year-over-year (YoY) in the third quarter of 2023, reaching a total of 8.9 million units, as latest data from the International Data Corporation’s Worldwide Quarterly Mobile Phone Tracker said.
The resurgence, accompanied by a marginal quarter-over-quarter (QoQ) decline of 0.9 percent, sparked heightened competition among vendors across various price segments in Indonesia. The market landscape witnessed aggressive maneuvers facilitated by expansive retail strategies and strategic price reductions.
The growth trajectory encompassed all price segments, notably propelled by a surge in higher-priced smartphones exceeding US$600, which more than doubled in size compared to the previous year. This spike was primarily attributed to the launch of Samsung’s new foldable models and the robust shipments of Apple’s iPhone 13 and iPhone 14 series.
The mid-range segment, spanning from US$200 to US$600, also experienced substantial growth, escalating by 16.8 percent YoY. Key players such as Samsung, Apple, and OPPO strengthened their offerings in this segment, contributing significantly to its expansion in Indonesia.
Even the lower-end segment, below US$200, witnessed a resurgence, growing by 2.7 percent YoY after enduring a few quarters of decline. Intense competition among Transsion, vivo, Xiaomi, and realme in this segment spurred growth, revitalizing this market tier.
Average Selling Price and Competitive Landscape
Driven by vendors’ emphasis on the more lucrative higher-priced segments, the Average Selling Price (ASP) continued its upward trajectory, marking its eighth consecutive quarter of growth. In 3Q23, the ASP soared by 9 percent YoY, reaching US$205, signaling a market trend favoring higher-priced models in Indonesia.
OPPO reclaimed the top position in Indonesia after a period of displacement, propelled by a series of new model releases that fueled growth across multiple price segments. Their strategic expansion bolstered their market presence significantly.
Transsion surged to the third position, dominating the <US$200 segment with its sub-brands Infinix and iTel. Their focused approach in this price bracket garnered substantial market share and propelled their ascent in the rankings.
Xiaomi showcased a remarkable resurgence, registering significant YoY growth after grappling with inventory challenges in previous periods. Their strategic maneuvers and renewed focus contributed to this noteworthy rebound.
After declining last quarter, 5G smartphone shipments in Indonesia bounced back and grew 54 percent YoY, reaching an all-time high in share as it contributed 19.2 percent of total smartphones in Indonesia in 3Q23. The market was still led by Samsung with its wide 5G portfolio, but with OPPO closing in with its many 5G releases in 3Q23.
“We are starting to see a path to recovery with this rebound in 3Q23. However, with reports of slow consumption, vendors are expected to continue to exercise diligence in strategizing their moves to prevent excessive inventory in their channels,” says Vanessa Aurelia, Associate Market Analyst at IDC Indonesia.
Full year 2023 smartphone shipments in Indonesia are expected to stay lower than, or at best, flat when compared to 2022, IDC said.
The resounding revival of Indonesia’s smartphone market in 3Q23 demonstrates a shift in consumer preferences across diverse price segments, underscoring the importance of strategic portfolio expansions and competitive pricing strategies among leading vendors in sustaining market growth and dominance.


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Upstream Announces Expansion of Athlete and Brand Recruiting Team for NFT Market
NEW YORK, NY / ACCESSWIRE / July 27, 2022 / Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex (Horizon) and MERJ Exchange Limited, today announced that John Askew, COO and part owner of the Primetime Basketball League, and Liquid Royalty co-founders Quenton Brown and Jawed Halepota, has joined Upstream’s growing sports and entertainment division. John, Quenton and Jaweds’ networks and experience provide Upstream with an expansive pool of potential clients across sports, media and entertainment.
John Askew; Senior VP Client Relations
John Askew is the current COO and part owner of the Primetime basketball league and works as a producer alongside big names in the entertainment industry. As a former professional athlete, John has built a strong network of people in the professional sports industry who have assisted him in his role as a consulting talent agent, working with over 50 musicians, actors and actresses in job placement.
“Being on both the sports and business side of the sports and entertainment industry has given me first-hand insight into athlete and brand needs,” says John Askew. “Upstream’s combined fan engagement and monetization solution is the blueprint for entering the Web 3.0 space safely, easily and innovatively.”
Quenton Brown; Division manager for sports and entertainment
As the founder of BAG, a sports and entertainment consulting company, Quenton Brown has established himself as an industry pioneer, catching the attention of Forbes and many others. His work with BAG has created an ecosystem for athletes and entrepreneurs at all levels. From high school to the professional world, BAG works with its clients at the highest level, equipping them with opportunities that translate into life and business. Quenton comes from a family of education and entertainment, which is why he has business degrees and sports management experience. Playing collegiately and professionally in the NFL also helped shape his career.
“As a former professional athlete, I understand how important it is to build a sense of community among audiences and fans,” says Quenton Brown. “That’s why I was drawn to Upstream; their goal is to put control back in the hands of performers and provide the tools to build a unique presence and community.”
Jawed Halepota; Division manager for sports and entertainment
Recognizing the growing need for chefs in professional athletes, New York native Jawed Halepota founded Baller Food in 2015. The company is his answer to meeting that deep industry need. Under his leadership, he and his team of chefs have clients throughout the NFL and NBA. The remarkable track record and demonstrated work positioned Jawed as a leader as he fosters mutually beneficial relationships and normalizes the relationship between professional athletes and chefs. Baller Food has given Jawed the opportunity to build an extensive network within professional sports and entertainment’s most powerful circles and organizations. Jawed is a proud Alum of St. John’s University and the Institute of Culinary Education.
“Upstream’s methodology for NFTs and digital collectibles offers large and personal brands an innovative and user-friendly way to integrate Web 3.0 into their digital marketing strategies,” says Jawed Halepota. “We are at the forefront of bringing these unprecedented capabilities to the masses and are excited to begin sharing the upcoming projects we have already begun working on. We are pushing to establish the industry standard for wearable digital assets. Athletes and organizations are already implementing efforts for brand engagement that Upstream’s capabilities are built to seamlessly integrate into and immediately add value to.”
“John Askew, Quenton Brown and Jawed Halepota bring invaluable expertise and strategic introductions to Upstream,” said Upstream Co-Founder Mark Elenowitz. “Upstream has spent the first few months post-launch building an incredible strategic ecosystem to bring next-level digital collectibles (NFTs) to market; these latest additions will push this initiative even further.”
John, Quenton and Jawed join our growing community of sports, music and entertainment heavyweights including NBA Hall of Famer Dominique Wilkins, NFL Hall of Famer Edgerrin James, Antrel Rolle, Beatclub/Timbaland, BRON Studios, Ruffnation Entertainment and more. Parties interested in integrating digital collectibles (NFTs) into their brands on a regulated exchange with no gas fees, no upfront costs and no blockchain knowledge required, all on a carbon neutral platform, can learn more at or reach the team at [email protected].
Upstream, a MERJ Exchange Market, is a fully regulated global exchange for digital securities. Powered by Horizon’s proprietary matching engine technology, the platform will enable investors to trade NFTs, IPOs, crowdfunded companies, US and international. shares and celebrity bets directly from the app: Interested issuers can reach the team at [email protected]
MERJ Exchange (MERJ) operates Upstream as a fully regulated and licensed integrated securities exchange, clearing system and depository for digital and non-digital securities. MERJ is an affiliate of the World Federation of Exchanges (WFE), recognized by HM Revenue and Customs UK, a full member of the Association of National Numbering Agencies (ANNA) and a qualifying foreign exchange for OTC markets in the US. MERJ is also a member of the Sustainable Stock Exchanges Initiative. Visit to learn more.
Horizon is a fintech company that builds and operates global securities exchanges with an integrated software suite for compliant issuance, administration and secondary trading of securities. Our in-house solutions combine Wall Street and Silicon Valley to power the next generation of securities offerings and trading in the US and globally. Learn more at https://www.horizonfintex.com/.
This press release shall not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not permitted.
*NFTs received have no financial value, royalties, stock ownership or dividends. NFTs are for use, collection and display only.
*American investors are not allowed to trade in upstream listed securities. US and Canadian citizens will only be able to trade a security they currently own that is listed upstream for liquidation only.
SOURCE: Horizon Fintex


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Canadian device maker Blackberry has announced it expects to make a loss of approximately between $950m and $995m for its second fiscal quarter. In addition, the firm has announced restructuring plans that will see a reduction in staff of approximately 4,500 approximately 40% of the Company’s global workforce.
September 23, 2013
Canadian device vendor Blackberry has said that it expects to make a loss of between $950m and $995m during its second fiscal quarter. In addition, the firm has announced restructuring plans that will see it cut staff numbers by approximately 4,500 – equivalent to 40 per cent of its global workforce.
The firm said that intense competition it has faced in the hardware market will cause it to report a “primarily non-cash, pre-tax charge against inventory and supply commitments” in the second quarter of approximately $930m to $960m, which is primarily attributable to BlackBerry Z10 devices. It added that it will also face a pre-tax restructuring charge of $72m.
BlackBerry also announced plans to scale down its future smartphone portfolio from six devices to four, adding that the portfolio will focus on devices targeted at the enterprise and “prosumer” segments. The firm plans to offer two high-end devices and two entry-level devices in both “all-touch” and QWERTY models.
It currently expects to report revenue for 2Q13 of approximately $1.6bn, of which roughly half is expected to be service revenue. During this period it expects to sell around 3.7 million BlackBerry smartphones, although it admitted that most of these units will be BlackBerry 7 devices.
The firm added that with the launch of the BlackBerry Z30 – its upcoming high-end BlackBerry 10 smartphone – it will “re-tier” the BlackBerry Z10 smartphone “to make it available to a broader, entry-level audience”.
The firm also revealed it is targeting an approximate 50 per cent reduction in operating expenditures by the end of 1Q15; which is why it is reducing its workforce by 40 per cent.
Thorsten Heins, president and CEO of BlackBerry called the changes “difficult, but necessary operational changes to address our position in a maturing and more competitive industry and to drive the company toward profitability”.
“Going forward, we plan to refocus our offering on our end-to-end solution of hardware, software and services for enterprises and the productive, professional end user. This puts us squarely on target with the customers that helped build BlackBerry into the leading brand today for enterprise security, manageability and reliability.”
The firm added that the Special Committee of the company’s Board of Directors continues to evaluate all strategic alternatives for the firm.
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Abercrombie & Fitch Co. said its fiscal second-quarter sales declined more than expected, but the teen-apparel retailer indicated it has posted a modest improvement since displaying its back-to-school line.
Shares declined nearly 7% premarket.
Abercrombie has been working to turn around softer sales as store traffic started to drop last year. The retailer has been grappling with disappointing sales at home and abroad, inventory challenges and increased markdowns.
Earlier this year it said it would cut costs for its clothing, which could allow it to lower prices without significantly hurting margins. It has also reduced logo use in its merchandise and previously disclosed plans to close dozens of stores in the U.S. this year as their leases expire. On Thursday, it said it expects to close 60 stores during the fiscal year.
"In a continued challenging environment, our sales for the second quarter were somewhat below plan, but we have seen modest improvement since the Back-to-School floorset," Chief Executive Mike Jeffries said in a statement, adding that the company's changing assortment will drive further improvements.
Abercrombie also backed its per-share earnings outlook for the year, but now expects sales at existing locations to decline by a mid-single-digit percentage. It had previously expected a decline of three to four percent.
Overall, Abercrombie reported a profit for the quarter ended Aug. 2 of $12.9 million, or 17 cents a share, up from a year-earlier profit of $11.4 million, or 14 cents a share. The company's marketing, general and administrative expenses fell 6%, while its stores and distribution expense dropped about 10%.
Excluding certain charges, earnings rose to 19 cents a share, from 16 cents a year earlier.
Sales slipped 6% to $891 million. Analysts expected a profit of 11 cents a share and sales of $909 million.
The company also said sales at existing locations, including direct-to-consumer sales, fell 7%. By brand, sales ticked down 1% for Abercrombie & Fitch, 6% for Abercrombie Kids and 10% for Hollister Co.
Write to Erin McCarthy at email@example.com
Access Investor Kit for Abercrombie & Fitch Co.
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In a blog post, New York-based cryptocurrency exchange Gemini announced the addition of 7 more Gaming, DeFi, and NFT tokens to its platform.
“We are thrilled to announce support for new DeFi, gaming, NFT, and infrastructure tokens,” the exchange announced.
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The new tokens supported include Enjin (ENJ), The Graph (GRT), Skale (SKL), The Sandbox (SAND), Loopring (LRC), 1inch (1INCH), as well as Bancor (BNT).
The addition means Gemini is now offering trading and custody support for about 33 cryptocurrencies. The exchange is also offering custody of 10 other tokens.
An increased interest in DeFi
The exchange stated that there is an increased interest in the decentralized finance (DeFi) sector, which is seeing a revolution currently.
“We are excited to continue supporting the development of the space,” Gemini, owned by the Winklevoss brothers, added.
One of the tokens listed, Bancor (BNT) is an on-chain liquidity protocol that provides decentralized exchange (DEX) on Etherem and other blockchains. The protocol allows users to add liquidity to the automated market makers (AMM), earning voting rights, staking rewards, and fees in the process.
Before now, Gemini was offering custody on Enjin (ENJ). But it is now offering to trade as well. However, it’s the first time Gemini is listing the other six tokens in any capacity on the exchange.
visit & create account
The surge in Enjin tokens driven by high interests in NFTs
The Enjin token, which is based on Ethereum (ETH), has increased dramatically in price in recent weeks, as the demand for gaming-related tokens keeps rising.
The surge is mostly driven by the high interest in collectible NFTs. In a report by DappRadar, the trading volume doe NFTs across the three biggest NFT marketplaces rose to $342 million only in February. This amount includes collectibles, in-game items, as well as crypto artwork.
Additionally, blockchain-based games like Axie Infinity and Sorare have surged in the sales of in-game assets in recent weeks.


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It is no secret that the Mortal Kombat is one of the biggest fighting game franchises ever. It is also no secret that Mortal Kombat XL, a follow-up (but not official sequel) to Mortal Kombat X, has just been released, and it includes both the Kombat Pack 1 and the Kombat Pack 2. The next question that should be asked is what is next for the fighting game franchise, or Kombat Pack 3.
Last year, Ed Boon, the showrunner for the Mortal Kombat franchise, released four figures in silhouette that were going to be the next four characters that players could fight with in Mortal Kombat X, the Kombat Pack 2. In January of this year, the Kombat Pack 2 was revealing including Leatherface (from The Texas Chainsaw Massacre franchise), Triborg (combination of cyborgs Sektor, Cyrax, and Smoke), Alien (from the Alien movie franchise), and Bo'Rai Cho. It is four characters, but Event Hubs points out that Tri-borg is like four different characters rolled into one, making that practically seven characters.
Perhaps the better question is whether or not there will be a Kombat Pack 3. A recent survey on GameFaqs found that 15 percent said "yes", 45 percent said "no", and 40 percent said "maybe".
There were after all, a lot of fans of the game that were disappointed that popular Mortal Kombat fighters like Rain and Baraka didn't make the cut for Kombat Pack 2. There were a lot of rumors back when Boon showed off the silhouettes that they would appear, as well as player characters (PCs) like Smoke.
The issue was that Leatherface and Alien, who were born from movie franchises and not the Mortal Kombat game itself, are PCs. This is really opening up possibilities to who NetherRealm Studios can add as far as fighters are concerned.
In fact, there was a rumor going around last year that Spawn, a comic-book character and star of a B-rated movie, was going to be one of the fighters. There was even a quote from Spawn's creator Todd McFarlene that he would approve of such a choice, so there is that remote possibility.
Considering that Mortal Kombat X is produced with Warner Brothers, the parent company of DC comics, it would make sense if DC comics characters showed up. However, many don't like the idea of Batman or Superman showing up, in spite of the upcoming movie where both of them are engaged in mortal combat.
If Mortal Kombat wishes to pull from horror movie franchises and comic books, then why not pull from other video game sources? Some have suggested that Kratos, a character from the God of War franchise, could appear on the fighter list, just as he did appear in the 2011 version of the game. Why not pull from Duke Nukem or Doom while we're at it?
Whatever the case, Kombat Pack 3 has not been officially announced and might not ever be. The fanbase could still make their suggestions to Ed Boon, though.


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The Nigerian National Petroleum Corporation has assured Nigerians of steady supply of petroleum products, cautioning against panic buying.
This follows fears in Abuja and environs of petrol scarcity after queues at filling stations in the city resurfaced earlier this week.
The NNPC spokesperson, Kennie Obateru, said the corporation had over two billion litres of Premium Motor Spirit in stock to guarantee steady supply, and at least 60 -day product supply sufficiency.
He said, “NNPC has over two billion litres of Premium Motor Spirit in stock to guarantee steady supply, and at least 60-day product supply sufficiency.”
“With the easing of the curfews and restriction of movement by various state governors, normalcy is expected to return to the petroleum products supply chain in the next couple of days.”
Also, the Independent Petroleum Marketers Association of Nigeria debunked rumours of impending scarcity.
National Public Relations Officer of the organisation, Alhaji Suleiman Yakubu, stated that some fuel station owners were only scared of their properties being attacked or damaged by thugs was why they are refusing to open for business.
He said, “The long queues in some parts of Abuja were due to fear of attacks by hoodlums.
“People should not fear and embark on panic buying as there is enough fuel on ground.”
Many petrol outlets were shut in Abuja on Tuesday including some NNPC retail stations.
At the close of work, no fuel station was selling to motorists along Kubwa and Airport roads.


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The Italian builder is developing the FY580, the brand’s latest model with exterior and interior design by Filippo Salvetti and IdeaeItalia respectively.
Boat Lagoon Yachting is awaiting the first Princess Y72 in Southeast Asia.
It could always be a little bigger, and a little better right?
After a world premiere at Miami in February and a European premiere at La Grande Motte in late April, the Leopard 46 Powercat will soon be in Asia, with a unit for Hong Kong to be followed by two hulls for Southeast Asia.
Expanding its mode of payment to cryptocurrency will not only make transactions more seamless, it will also attract a new group customers.
Dutch pioneer U-Boat Worx has revealed its new flagship, designed to offer “the most high-end subsea experience”.


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Shunal DokeApr 15, 2013 16:31:47 IST
Ever since developers and early adopters got their hands on the developer version of the Oculus Rift virtual reality headset, there have been some ambitious projects that have popped up. The latest one takes a stab at porting the cult-classic free-running game Mirror's Edge to the virtual reality headset. Check out the video to see what the game could look like on the Oculus Rift:
The developer, who goes by the alias Cymatic Bruce, seems to be using a controller to handle the general movement of the main character. Thanks to the headset, one wouldn't have to deal with clumsy analogue stick to look around. Instead, players can simply move their heads around. The nine minute long video gives us a good look at one of the many things that is possible with the Oculus Rift.
The virtual reality headset has been gaining popularity ever since developers got their hands on the early-backer version of the device. Just recently, the guys over at iFixit released its teardown of the Oculus Rift and they were impressed. The headset got a score of 9 out of 10 for repairability and "can be taken apart in less than 10 minutes."
It is worth noting, however, that the version of the Oculus Rift that was taken apart is the developer version that was sent out to backers of the Kickstarter campaign. Whether or not the consumer version will be this easy to take apart and repair will only be known once the headset has been launched for the public.
Playing Mirror's Edge with a virtual reality headset would be a treat
So far, everyone who has had hands-on time with the Oculus Rift at events such as PAX or GDC has been mightily impressed by the headset. It will be interesting to see how the developers handled the latency issues that are associated with virtual reality gaming headsets.
A programmer from Valve, Michael Abrash, talked about the latency issues back in January through a blog post on the Valve blog. The main takeaway from the post is the subject of latency. According to the post, latency is the biggest enemy of virtual reality.
Abrash wrote, "When it comes to VR and AR, latency is fundamental—if you don't have low enough latency, it's impossible to deliver good experiences, by which I mean virtual objects that your eyes and brain accept as real."
The biggest problem from latency is perceiving virtual objects to be real. Real, in this sense, doesn't mean that they don't look virtual, "but rather that your perception of them as part of the world as you move your eyes, head, and body is indistinguishable from your perception of real objects."
The Oculus Rift isn't the only virtual reality gaming headset around. Valve had revealed its plans for a virtual reality gaming headset in September last year, and it seems the company will face greater technical challenges when developing its headset as compared to Google’s Project Glass. While Google’s glasses will display texts and video conferences, Valve has greater technical challenges to overcome with augmented-reality games. It has to figure out how to keep stable an image of a virtual object (say, a billboard) that is meant to be attached to a real-world object (the side of a building) while a player moves around. Otherwise, the illusion would be shattered.
Welcome to Tech2 Innovate, India’s most definitive youth festival celebrating innovation is being held at GMR Grounds, Aerocity Phase 2, on 14th and 15th February 2020. Come and experience an amalgamation of tech, gadgets, automobiles, music, technology, and pop culture along with the who’s who of the online world. Book your tickets now.


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December 2, 2008
Recession or Depression 2009?
I have been watching the ongoing economic slowdown of the past few months with the belief that it was going to be a recession, likely a deep one similar to the last one America experienced in 1981-82. Now for the first time I'm growing increasingly fearful of a 1930's style depression, after reading the following article:
Credit card industry may cut up to two trillion dollars in lines over the next 18 months.
What has been happening so far is a period of deflation, which is the reduction of the supply of money and credit in the economy. This has been happening despite all of the governments bailouts, which the banks have been hoarding, instead of lending, as they all have growing bad debt (loan defaults).
The problem is our economy is consumption driven, at over 2/3rds of our total GDP, or gross domestic product. If the major credit card issuing banks are that afraid to lend, this destruction of two trillion in credit lines (basically unsecured loans), would mean a massive, forced decline in consumer credit spending by almost half! It means millions will have their credit cards cancelled by their banks at renewal time, or credit lines sharply reduced at any time.
Keep in mind that the credit card is America's second largest source of consumer liquidity, next only to your salary. It will be nearly impossible to spend ourselves out of a recession. Also keep in mind more and more people use their credit cards for health related emergencies not covered by insurance, or for basic necessities if they find themselves out of work, and we all know unemployment is rising and will likely continue to do so.
Home sales, automobile purchases, and big-ticket retail sales are almost exclusively done through the availability of credit. Cash is only used for the smaller necessities, like groceries, clothes, and gas. Save your economy by putting your neck deeper in the debt noose? You won't be able to even if you wanted to!
The only short term solution to this problem would be the government issuing another massive economic stimulus spending plan, sending us all another $500 check courtesy of Uncle Sam. But this will keep on growing the debt, which as stated in previous posts is unsustainable, and in the end will lead to an even greater crisis.
Posted by AndyK at 5:00 PM


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Spring break is approaching, and while some travelers are trying to figure out where to go, others are more concerned with how they’re going to pay for the trip. Nerdwallet recently conducted a survey that examined how Americans are planning their spring break vacation, and it looks like at least 2 in 5 Americans plans to take one. Of those planning a spring break getaway, 64% will be paying for their vacation with money they’ve saved. As for the others, one in three Americans will pay for the trip with a credit card and they plan to charge, on average, $1,308.30.
Others are looking to use their tax refund to pay for their trip, 19%, in fact; 30% of millennials and 20% of Gen Xers will be using their tax refunds to fund their vacation compared to only 5% of Boomers. In total, Americans plan to spend $1,817.70 on average on their spring break vacation, with families plan to spend a little bit more (but not too much) with an average answer of $1,996.90. Some millennials, about 10%, are planning to spend $5,000 or more on a spring break extravaganza.


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Srinagar: In a remarkable testament to India’s rapid adoption of digital payment methods, the Unified Payments Interface (UPI) has officially surpassed a staggering 10 billion transactions in August 2023.
Prime Minister Narendra Modi hailed this milestone as an exceptional achievement and praised the citizens of India for their unwavering embrace of digital progress.
The UPI, a real-time payment system launched in 2016 by the National Payments Corporation of India (NPCI), has experienced an extraordinary growth trajectory over the years. From a modest 21 million transactions in November 2016, the platform has seen exponential growth, firmly establishing itself as one of the world’s largest digital payment systems.
The journey to this remarkable milestone has been marked by consistent and impressive growth. As of August 2023, UPI recorded a daily average of over 322 million transactions, illustrating the increasing reliance of Indians on digital payment solutions for their everyday financial transactions.
An expert while talking to Precious Kashmir said, “Several factors have contributed to this phenomenal rise, including increased smartphone penetration, internet accessibility, government initiatives promoting digital payments, and a growing preference for contactless transactions,
“One of the most significant outcomes of this digital revolution has been its role in advancing financial inclusion. UPI has enabled millions of Indians, even in remote and underserved areas, to access financial services easily and securely. The simplicity and convenience of UPI transactions have allowed people to leapfrog traditional banking and embrace digital financial solutions,” he added.
Pertinently, initiatives such as Digital India and the Jan Dhan Yojana have laid the foundation for a digital-first economy. Additionally, the government’s focus on direct benefit transfers and subsidies through the JAM (Jan Dhan, Aadhaar, and Mobile) trinity has propelled UPI usage among the masses.
Moreover, the NPCI and various banks have continuously worked to improve the UPI infrastructure, making it more user-friendly and secure. Collaborations with private companies and fintech startups have also led to the creation of innovative payment solutions and apps, further fueling the UPI ecosystem’s growth.
While celebrating this milestone, it’s important to acknowledge the challenges that lie ahead. The surge in UPI transactions also poses questions about the security of digital financial systems and the need for robust cybersecurity measures. Additionally, ensuring the inclusivity of all segments of society, including those who may not have access to smartphones or the internet, remains a crucial concern.
“Despite these challenges, the journey from a nascent digital payment system to 10 billion transactions is a remarkable achievement. It underscores India’s transition towards a more digitally connected and financially inclusive society. With the government’s continued support, technological advancements, and the resilience of its people, India appears poised to maintain its leadership in the global digital payments landscape for years to come.”


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Check out our BMW 1600-2 photo gallery
with HQ pics.
Last update in 1600-2 gallery: 2008-04-10
BMW is just beginning to conquer the electric vehicle segment. Now BMW is selling the BMW i3 compact hatch, which is their only full-fledged offer.
The Internet has received pictures of a BMW 1-Series new generation.
BMW shows the smallest 1-Series car in the test photo.
The media was able to get photos of the new BMW X5 M SUV without camouflage.
BMW started mass production of an updated version of 7-Series flagship.
BMW and Daimler have agreed to cooperate, according to which both partners will develop cars together with auto management systems.
We select only big size bmw 1600-2 photos
for our photogallery.


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Apple has detailed its privacy policies and technology on the web for some time. Now the company offers a redesigned Privacy website, bringing updated information to consumers alongside the release of iOS 11 and the iPhone X. The site introduction declares that "privacy is a fundamental human right" and continues on, explaining how Apple products are designed to protect privacy and security.
Online privacy and security is a constant concern that continues to grow and evolve with new technologies and policies. The government clearly aligns with big business on privacy issues, as evidenced by the recent repeal of the FCC privacy rules that would block ISPs from selling their customers' data without consent. While many turn to VPNs to bolster their online privacy, there are still concerns over call and message privacy.
Apple has patched an important security vulnerability with the release of iOS 9.3.5. The iOS update comes just weeks after iOS 9.3.4 closed off the Pangu jailbreak earlier this month. Details regarding the latest security fix have surfaced and Apple has released an official security document on the matter. So should iOS users rush to update?
No, Apple does not keep user profiles based on Internet searches.
Apple's senior vice president of Software Engineering, Craig Federighi, explained at WWDC 2016 that "All of this great work in iOS 10 would be meaningless to us if it came at the expense of your privacy." He went on to declare that Apple does not profile users based on web browsing.
Apple announced it would employ differential privacy with the release of iOS 10. Essentially, this technique improves the accuracy of queries from statistical databases while reducing the chances of identifying individual iPhone users.


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2nd annual Spokane Bike Swap - a Success!
Over 2,000 people, excited and ready for spring, attended the 2nd annual Spokane
Bike Swap on April 13 & 14 at the Spokane County Fair & Expo Center. With 40 vendors
present and over 600 used bikes registered to sell, there was something for everyone
during this two day event. "We tripled the amount of bikes registered to sell this
year in the bike corral and we sold over 450 over the two day event which was a
250% increase over last year," smiled Spokane Bike Swap Event Director, LeAnn Yamamoto.
"The building was buzzing with excitement as people found great deals on bikes and
Vendors at the event were excited and thrilled with the turn out! The local bike
shops selling merchandise at the event, including Wheel Sport, North Division Bicycle
Shop, Fitness Fanatics, NorthWest Recumbent Cycles, Emde Sports, Bicycle Butler
and Terra Sports have already signed up and will be participating again next year.
Special thanks to the sponsors that made it possible and supported the event include
Sterling Bank, Spokane County Commute Trip Reduction Office, Lee & Hayes, Emde Sports,
Spokane Regional Clean Air Agency, Cricket Wireless, David's Pizza, Community Building
Foundation, AHBL, Greenstone, REI, Spokane Transit, The Inlander, Baddlands, Teck
American, WSU Riverpoint Campus, EWU Riverpoint Campus, Northwest Orthopaedic Specialists,
URM Stores, Inland Norhtwest Health Services, GSI Outdoors, Jubiliant HollisterStier,
WA Trust Bank, Avista and Green Salon.
The Spokane Bike Swap raised $20,000 for the Friends of the Centennial Trail. The
funds add a big boost to their Trail Builders Fund which provides essential community-based
funding to projects that complete and enhance our beloved Centennial Trail. Many
thanks go out to everyone that supported this community event and we hope to see
you again at next year's event!
Dates for next year's event will be announced soon. Please check back to find out.
It’s all about the outdoors, the rest is meaningless. GSI Outdoors is a small, privately-held, family company. We have no obligation to an anonymous group of shareholders, a corporate board or anyone but our customers, our reps and each other. It is this freedom which so epitomizes the outdoors and grants us the flexibility to be more responsive to the needs of our customers.


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Solar Power International 2013 in Chicago
GEDA USA along with 800 exhibitors pack the McCormick Center in Chicago to showcase the newest in Solar technology
This year SPI 2013 logged more than 15,000 global guest.
GEDA USA will be showcasing the Solar Panel Lift at this year’s show. The GEDA Solar-Lift is used to move fragile PV panels to the rooftop
For more info visit the Solar Power International Site
Contact one of our sales representatives today
to inquire about a quote from GEDA - USA
or call us today at 866-973-4332


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After a long, long period of silence, Crystal Dynamics has finally shared some information about the future of Marvel’s Avengers. The game has been slowly improving over the last year, with the War for Wakanda expansion adding the game’s first raid and the most recent update reworking the game’s onboarding process and placing Nick Fury back at the helm of SHIELD. Of course, the game’s roster has also grown considerably since launch, receiving heroes like Black Panther and Spider-Man among others.
However, most would say that Marvel’s Avengers still has not lived up to its full potential, and even launching on Xbox Game Pass has not done much to revitalize the playerbase. Crystal Dynamic’s commitment to fixing the game’s core issues appears to continue with the next major update, and many will be disappointed with the next hero joining the roster as a result.
Update 2.4: Reworked Events
Currently scheduled to be released in May, Update 2.4 will focus on systems improvements with a focus on in-game events according to Crystal Dynamics. Marvel’s Avengers features multiple events that rotate on a regular schedule, and these events will be getting more rewards and objectives to further flesh them out. Here’s what the team has planned for the event rework:
- To make each event more unique and worth playing, we’re improving and diversifying rewards across events, with each event now rewarding gear from different sets.
- Adding Unit rewards to a wider variety of event missions to provide even more ways to earn shipments and cosmetic vendor outfits.
- Adding higher power level gear rewards to meta objectives to create another path to gear-up beyond the soft-cap on drops for non-Raid/Omega-Level Threat content.
- Meta objectives will grant rewards to your entire eligible roster, not just a single hero, allowing you to gear up your squad while playing your favorite hero.
In combination with the recent gear changes and new onboarding tweaks, the next update should make the game much more satisfying to play as a looter. That’s not all though, because the next update has something even bigger in store: an all-new playable hero.
Update 2.5: Jane Foster Joins the Avengers Roster
Jane Foster, the Mighty Thor, is the next hero coming to Marvel’s Avengers. There’s no release date for Update 2.5 or Jane Foster, but she’ll most likely drop this summer alongside Thor: Love and Thunder, where Natalie Portman’s Jane Foster will wield Mjolnir on the big screen.
Many fans are disappointed to hear that the game is getting a second Thor, especially when the game already has both Clint Barton and Kate Bishop as Hawkeye, but Crystal Dynamics has done well in the past when it comes to making similar characters feel unique. While Jane will likely still feel similar to the existing Thor, she’ll have her own unique moveset and abilities that give her a different role on the team.
Crystal Dynamics will share more information regarding Update 2.4 and Update 2.5 soon, so expect to get a glimpse of the Mighty Thor sometime in the coming weeks along with a new Marvel’s Avengers War Table stream. Things are still mostly quiet for Marvel’s Avengers this year though, and the 2022 roadmap is still nowhere to be seen.
Marvel’s Avengers is available now on PC, PS4, PS5, Xbox One, Xbox Series X|S, and Google Stadia.


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October 22, 2015 | Palo Alto, CA: Regalix Inc., one leading digital Companies of the country, has been recognised for achieving a three-year growth rate of 130% by Inc. magazine in its 34th annual Inc. 5000, an exclusive ranking of America’s fastest growing private companies in Orlando today.
“We’re honored to be recognized by Inc. magazine for our fast growth and success as a company,” said Regalix Inc. CEO Vikas Sharan. “This achievement would not have been possible without the continued commitment of our employees who have helped make Regalix the quality company that it is today. ”
Regalix Inc has generated $4.4 million in revenue and the company has leapt up in the rankings, adding 200 jobs over the past few years as it continues to expand further.
“This recognition is a direct reflection of the successful execution of our aggressive growth plan,” added Vikas. “As we continue to expand and innovate new products across the globe, we uphold our pledge to enhancing the digital marketplace”
The Inc. 5000 Conference & Gala is an annual three-day event that brings the nation’s brightest, most successful business minds together to celebrate the remarkable achievements of the companies that appear on Inc.’s prestigious ranking of America’s fastest-growing privately held companies.
The 2015 Inc. 5000 is ranked according to percentage revenue growth when comparing 2011 to 2014. To qualify, companies must have been founded and generated revenue by March 31, 2011. They had to be U.S.-based, privately held, for profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2014. (Since then, a number of companies on the list have either gone public or been acquired). The minimum revenue required for 2011 was $100,000; and the minimum for 2014 was $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000.
Inc., the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today’s innovative company builders. It provides hands-on resources and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc. also looks beyond work to address the entrepreneurial lifestyle.
Regalix is an award-winning global digital strategy and services firm that leverages technology and marketing to help companies grow. We create successful ventures with clients through co-innovation and idea-driven frameworks that inspire companies to think differently. Founded in 1998, Regalix is based in Palo Alto, providing complete marketing services – social, mobile, content, multi-channel campaigns, technology development, and analytics – to companies such as CA Technologies, Citi, Apple, eBay, Cisco, VMware, NetApp, Cypress, LSI, Keynote and Wipro Technologies. For more information, please visit www.regalix.com
The post Regalix Inc. Featured in Inc. Magazine among America’s Fastest Growing Companies appeared first on Regalix.


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Yahoo Inc CEO Carol Bartz tops the list of the executives who were paid too much for running underperforming companies.
While Bartz who joined Yahoo in January 2009 received approximately 39 million dollars in 2009, Jha's compensation was about 3.77 million dollars in 2009.
San Francisco-based Glass Lewis that evaluated executive compensation at 25 overpaying companies in the Standard & Poor’s 500 Index said that judging by many executives’ pay packages, it was hard to tell if there was a "global recession and financial crisis these past two years."
According to its report, titled as 'Pay Dirt, while the average CEO's pay in the S&P 500 declined in 2009, many executives continued to be paid extravagantly with little to no regard for corporate performance.
The average CEO compensation among the Overpaid 25 companies was 15.1 million dollars, compared to the average of 9.1 million dollars for all companies on the S&P 500 index.
The 25 companies that overpay executives gave their top five leaders 34.3 million dollars in average compensation, compared with 23.7 million dollars for all of the S&P 500, it said.
"As the global economy slumped during the past two years, executives at these companies... mostly operating in the energy, information technology and financial sectors – inexplicably continued paying their executives at levels similar to or exceeding previous years," it added.
Apparel firm Abercrombie & Fitch CEO Michael Jeffries at 38.5 million dollars in total compensation, Nabors Industries CEO Eugene Isenberg, who earned 38.2 million dollars and News Corp's Rupert Murdoch with a pay package of about 18 million dollars were among the other highest paid executives.
Apple CEO Steve Jobs was the lowest-paid CEO in the group of 25 most underpaid executives. Jobs earned an annual salary of only a dollar last year. Amazon.com's Jeff Bezos was also among the lowest-paid CEOs in the Underpaid 25 list.


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The process, which is currently under way, would involve hiring of about eight interns, who are over 60 years of age, with work experience in mid- to senior-management levels.
When a user grants a website access to their social media profile, they are not only trusting that website but also third parties embedded on it.
The e-waste recycling facility is an ultra-modern setup that does not cause any pollution and is fully-automated.
IBM Security unveiled new technology and services that utilise both human and machine intelligence to fight, defend and respond to cyberattacks.
The idea was to leverage consumer insights they get from their platforms into products and improve margins in the largest online retail category.
The company expects that over the next few years, the major share of demands will be in blockchain, machine learning, chatbots, artificial intelligence.
Allen Shaheen, who used to head the company’s mergers and acquisitions, is now executive vice president in charge of the company’s North America Delivery Centres.
The Shenzhen-headquartered company has offered a term sheet for a transaction that could potentially value the six-year-old company at a pre-money valuation of $400-$450 million.
The first of its kind in entire eastern India, the facility will provide cyber forensic services support to law enforcing agencies as well as a broad range of cyber security related training.
Wang Gang, Chief Scientist at the company's Artificial Intelligence (AI) Labs, is leading the research team and it have made rapid progress, the daily quoted Alibaba as saying.
While digital payments have picked up and a range of options is now available, its growth needs to be stronger to wean people away from using cash.
Facebook has introduced a third-party fact-checking programme to combat the spread of “false news” on its platform, starting with a pilot in Karnataka.
While Amazon and Flipkart are currently burning cash to bring more buyers and sellers on board, the Alibaba-backed online marketplace is planning to get ahead of its rivals by selling products in bulk to offline consumers, including small businesses.
Among all the emerging tech companies globally, those working on robotics have witnessed the highest investor interest with a significant 2.93 investors-to-idea ratio in 2017:GlobalData
According to industry body National Association of Software and Services Companies, IT sector will see single-digit growth for the third-consecutive year.
“It is vital that CIOs/ CISOs are familiar of the landscape when they work with companies based out of EU and are processing the personal information of their data subjects” Jaspreet Singh, Partner- Information Security, EY said.
Top 34 global technology and securities firms, led by Microsoft and Facebook, have signed a "Cybersecurity Tech Accord" to defend people from malicious attacks by cybercriminals and nation-states.
2018 poll of internet users in both developed and developing countries shows varying patterns of attitudes and behaviours toward the digital economy
Mobile device cloud emerges as a preferred solution for mobile testing due to its immense benefits and availability in public, private as well as on premise cloud models: pCloudy – Hexaware report
Infosys has always been the pride of the Indian IT sector and it enjoys tremendous loyalty from its clients, says CEO Salil Parekh.


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British consumers will be able to spread the cost of high-value in-store payments following a partnership between Mastercard and Verifone. The Mastercard Instalments app — the first of its kind in Britain — will launch on Verifone payment terminals at some UK retailers in January. The app has already launched in Romania, with BRD Groupe Societe Generale offering cardholders access to Mastercard Instalments at retailers across the country having conducted its first transaction last week.
- Apple Pay to go live in Mexico “very soon”
- Economists propose single global digital currency
- Dejamobile white paper explains how software-only POS solutions will drive wider adoption of in-store contactless payments
- Antelop launches secure customer authentication SDK
- Mastercard adds NFC payments to virtual corporate cards
This article is more than four years old


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Rumor has it that the next iPhone will be called the iPhone 5se, SE being Special edition.
Apple has decided to bring back the 4-inch display in an iPhone 6 skin, it will be referred to as the iPhone 6 mini because it will have some specs found in the iPhone 6.
From the image above, the left device might be the rumored iPhone 5se and it will come with Apple’s A8 chipset, NFC, an 8 MP rear camera, and a 1.2 MP front-facing camera.
When it comes to pricing, rumor has it that the 5se will sell for $499 (approx. N90,000).
Who is willing to rock 4-inch in 2016?


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- Recreational marijuana is legal in nine states and medical marijuana is legal in 29 states.
- A 2017 Gallup poll showed that 64% of Americans support legalization.
- Marijuana enthusiasts will light up on April 20, a marijuana holiday also known as 420.
On April 20, many Americans who smoke marijuana– from California to Maine to Alaska – will light up legally in celebration of “420,” an unofficial marijuana holiday.
Nine states and Washington, DC, have legalised marijuana for recreational use – no doctor’s letter required – for adults over the age of 21. Medical marijuana is legal in another 29 states.
In January, Vermont became the first state to legalise marijuana through the legislature, rather than a ballot initiative, when the governor signed the bill into law.
Marijuana prohibition began 80 years ago when the federal government put a ban on the sale, cultivation, and use of the cannabis plant. It remains illegal on the federal level.
Despite the efforts of Attorney General Jeff Sessions, who has been on a crusade to stamp out legal marijuana since his appointment, the industry is exploding.
Legal marijuana sales exploded to $US9.7 billion in North America in 2017, according to a report from Arcview Market Research and BDS Analytics. That represents a 33% increase over 2016, shattering previous expectations about how quickly the marijuana industry could grow in the face of federal prohibition.
The report also predicted the legal marijuana market will reach $US24.5 billion in sales – a 28% annual compound growth rate – by 2021, as more state-legal markets come online.
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Dangote, BUA and Lafarge have agreed on a new price for a bag of cement, bringing succour to builders and real estate companies after the hike to as high as N15,000.
The Association of Cement Producers in Nigeria (CEPA) has given the Nigerian government the condition on which the price of the product could reduce.
The $20 billion Dangote Refinery reportedly plans to export its first fuel cargo after months of preparation as the Port Harcourt Refinery has begun production
Cement producers have been invited to a meeting on Monday by the minister of works, David Umahi, to discuss the concerns raised by the startling rise in cement costs
The price of cement has skyrocketed from N6,500 to about N10,000 in parts of Nigeria following the general hike in the price of the building material.
FG has made available a range of tax breaks and incentives to businesses building new refineries within the country to increase domestic refining capacity.
Unresolved issues with regulatory permissions have caused the Dangote Petrochemical Refinery to postpone its plan to introduce fuel to the Nigerian market in January
Luck smiled on a Nigerian man as fellow countrymen have come to his aide. The man, who moulds blocks, now has a cement business with a stocked shop.
A private company is set to launch its cement factory in Ethiopia to rival Dangote Cement which has been a dominant choice in the East African country.


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US factory activity fell in January to 53.5, according to the Institute for Supply Management’s latest manufacturing index. The reading was down from the 55.1 seen in December and below economists’ expectations.
Gallup’s Daily Consumer Spending report showed the average consumer spent $81 in January, compared to the $98 in December. While consumer spending fell, it is still one of the highest averages seen in January since 2008.
Exxon Mobil Corp. saw earnings drop 21% in the fourth quarter due to declining oil prices. However, lower taxes and the company’s chemical division helped Exxon beat Wall Street expectations.
Employees at 9 United Steelworkers refineries are on strike due to disputes in contract negotiations. United Steelworkers refineries produce 10% of US gasoline, diesel and other fuels.


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Last summer there were two separate reports that Ford killed the next-generation Edge for 2023, leading to the death of the Lincoln Nautilus in 2024 as the Lincoln is based on the Ford. As part of its future product round-up, Automotive News examined the future of a number of Ford Motor Company’s products and reported that Edge and Nautilus will both die in 2023. Two-row crossovers in the lineup with the arrival of the hugely popular Bronco line and a three-row Explorer, which is currently only $ 175 more expensive.
The Nautilus could get a second act, however. When Ford reached an agreement with the Canadian union Unifor about the Oakville Assembly Plant, which will build the Edge and Nautilus, the automaker promised to turn Oakville into an EV manufacturing facility. Lincoln is big on battery electric vehicles in the near future, Unifor mentions Oakville product plans to have at least one electric vehicle off the assembly line by 2025 and four more by 2028. According to Automotive News, Lincoln has a small crossover and a midsize crossover due in 2025, and the little one could be from Canada and fit into the space that the late Nautilus left empty, maybe bearing the name, maybe not.
The Ford Explorer and its platform partner Lincoln Aviator will soon be welcoming two battery-electric cousins to the family. Both are likely to debut in 2022 and launch in 2023, the Ford produced in Cuautitlan, Mexico, where the Mustang Mach-E is now being built. It is not yet clear which platform they will be driving on. Ford has four dedicated EV architectures planned for the company: GE2, the evolution of the Mach-E’s GE1 platform; TE1 for trucks, from 2025; the Rivian platform, which will be contributed by a special Ford vehicle; and a version of Volkswagen’s MEB platform for European offerings, with Ford planning to have an all-EV range across the Atlantic by 2030. The Explorer and Aviator EVs could get the GE2, or if Ford wants to showcase extra sturdy chops for both, the TE1.


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Smart logistics provider Geek+ announced a same-day delivery partnership with Nike, which will provide advanced robotics solutions for the athletics company’s new distribution center in Japan, according to reports on Wednesday (Feb. 5).
The partnership will allow more than 200 robots to deploy from the Geek+ “goods-to-person P series line,” which will carry Nike’s products directly to warehouse workers. As a result, costs will be cut and picking efficiency will be increased, making day-to-day tasks easier for workers.
Labor shortages in the logistics industry have become a problem with the rapid growth of eCommerce. Warehouses, though still manually operated, are in need of more automation and robotics technology to accommodate the massive challenges and demands created by the prevalence of online platforms.
Nike, through the new partnership, aims to introduce more robots to help speed up their operations. Smart robots have been shown to increase flexibility, efficiency and safety, while saving on labor costs.
Founded in 2015, Geek+ is a global logistics company that provides artificial intelligence (AI) solutions to help warehouses and factories improve their operations. The firm has completed over 200 projects on four continents and has deployed more than 10,000 robots.
Among Nike’s other innovations was last year’s foray into blockchain-compatible sneakers. Called CryptoKicks, the sneakers are embedded with a blockchain chip that will allow digital assets to be attached to the shoes to enable tracking of their legitimacy and ownership.
Nike also recently announced a partnership that will gift users with 3 percent cash back whenever they purchase the company’s products using Apple Pay, which is available through a variety of stores, including Nike’s own retailers as well as online.
And in its recently introduced line of shoes, Nike committed to using only sustainable materials. That will carry over into the Tokyo 2020 Olympics taking place later this year, where they have committed to using ground-up shoe parts and recycled polyester to craft new gear for athletes.


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McDonalds is counting on coffee sales to boost business
McDonald’s is looking for a boost in 2014 with a focus on premium coffee, Bloomberg reports.
A document laying out the restaurant chain’s strategy for the new year identifies “coffee-driven visits” as a top priority to boost sales. McDonald’s executives have vowed to make the chain the “envy” of its competitors in the “coffee wars.”
But while drip coffee has won a following, the company’s hot espresso drinks haven’t caught on as well and many franchisees have balked at remodeling costs and buying $13,000 espresso machines.
Earlier this month, the McDonald’s said U.S. same-store sales fell 1.4 percent in the fourth quarter while profits barely budged.
Oak Brook, Ill.-based McDonald’s Corp. (NYSE: MCD) has more than 125 restaurants in the Greater San Antonio area and over 14,000 restaurants in the United States.
Mike W. Thomas covers technology/telecom, military, finance, regulatory issues as well as nonprofits/education.
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text: China Resources acquires Zhejiang Qianpi, closing gap on No1 Tsingtao China Resources Breweries has bought Zhejiang province's largest brewer in its first southeastern foray amid an industrywide acquisition spree. The mainland's second-largest brewer by sales volume will take a 70 per cent stake in Zhejiang Qianpi Group, which has an annual production capacity of about 480,000 kilolitres. The acquisition will lift China Resources Breweries' brewing capacity to 4.56 million kilolitres, narrowing its gap with the mainland's No1 brewer, Tsingtao Brewery, with about five million kilolitres. Parent China Resources Enterprise executive director Francis Kwong Man-him said the Zhejiang brewery would focus on five provincial cities - Hangzhou, Shaoxing, Ningbo, Huzhou and Jiaxing - before turning its attention to Shanghai and Jiangsu province. 'Qianpi will first sell under its Zhonghua and Qianjiang brands. It will market our own brand, Snowflake, later,' Mr Kwong said. Based in the provincial capital of Hangzhou, Qianpi sold 240,000 kilolitres of beer last year. China Resources Enterprise has a 51 per cent equity stake in China Resources Breweries, while the world's third-largest brewer, SABMiller, holds the rest. China Resources Breweries operates 29 breweries in the northeast, southwest and central regions. Mr Kwong said his company could not disclose the transaction value or Qianpi's profitability under the terms of an agreement with the vendor. 'We bought the stake at a price substantially below what foreign brewers paid in recent acquisitions of equity interests in mainland breweries in terms of price per hectolitre for capacity and price to book,' Mr Kwong said. In January, Heineken, the world's fourth-largest brewer, bought 21 per cent of the mainland's No12 brewer, Guangdong Brewery Holdings, for HK$554 million, the highest price in recent mergers and acquisitions.


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In a video interview, id Software’s Chief Technology Officer spoke about AMD’s Zen architecture and said:
What it does for gamers is going to be key. Ryzen has a super attractive price point, so we’re going to see a lot more capable CPUs in a lot more people’s hands over time and the additional threads and cores allow us to turn up a lot of things, like better frame rate, more AI, more things happening in the game space, more simulations running, more realistic worlds.
We’re working on the next generation of idTech right now and we’re definitely going to fully optimize for Ryzen. The new engine technology that we’re working now is far more parallel than idTech 6 was; we plan to really consume all the CPU that Ryzen can offer.
All of the latest Ryzen CPUs are extremely efficient and provide a nice price to performance ratio when compared with Intel counterparts.
For more updates, stay tuned.


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Football Index, the world's first football stock market, has partnered with beBettor, the responsible gaming platform, to strengthen their safer gambling frameworks for customer affordability.
Premium development studio Caleta Gaming continues to expand its presence across Latin America with the launch of three new Mexican-themed bingo titles.
The Covid-19 pandemic may be a trigger for South Korea to rethink its foreigner-only casino policy, as the country’s casinos struggle with a lack of tourism revenue.
B2B marketing platform provider BlueRibbon Software has entered into a strategic partnership with Pariplay.
Scout Gaming Group has entered into an agreement with vivagol.com to deliver the company's Daily Fantasy Sports platform.
Wild Rabbit, a brand new Latin American creative games studio, has leaped into the market with a promise of delivering an inspiring and magical portfolio of casino titles.
Push Gaming’s proprietary platform given green light in UK and Malta.
Industry’s leading aggregator to increase Spanish and LatAm-focused content.
Awards night will embrace environmental sustainability and awareness.
iovation today released its 2020 iGaming Report and the report analyzes more than four billion global online gambling transactions iovation screened for fraud indicators over the past 15 years.
The team at Hipther Agency is excited to announce that starting 2020, Andrada Bota will take on the role of B2B Sales Executive.


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The New York Police Department will attempt to fight prescription drug thefts by asking pharmacies around the city to plant Global Positioning System devices in fake pill bottles, according to Commissioner Raymond Kelly.
In a prepared statement for the Clinton Foundation's Health Matters Conference on Tuesday, Commissioner Kelly said the GPS-linked "bait bottles" will be hidden among legitimate supplies on pharmacy shelves, and will aide officers in tracking down stolen drugs immediately after a robbery.
"In the event of a robbery or theft, we'll be able to track the bottle, which may lead us to stash locations across the city," he said.
One Manhattan pharmacist contacted by CNN had a mixed reaction to the bait-bottle idea.
"It's a good idea, it may help, but it might not," said Ali Yasin, chief pharmacist at New York City Pharmacy in the East Village neighborhood.
"Most doctors and pharmacists won't like it. Suppose the tablet that's the (GPS) device, the patient swallows it. What's the liability?"
"Or, the people taking it (in a robbery) will know that something is in there," he said, adding that despite any issues, "it's a good idea to track people that are stealing and selling illegally."
The bait bottles will be one part of "Operation Safety Cap," Kelly said.
In addition to the bait bottles portion of the plan, Kelly said the NYPD is building a database of all, nearly 6,000, licensed pharmacists in New York. The database is expected to be completed in March.
"We're using this database to visit pharmacists and make specific security recommendations, everything from installing special alarm systems for storage areas to illuminating stores during non-business hours," Kelly said.


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Speaking at a launch event for the new V10 smartphone, LG mobile division chief Juno Cho told reporters the firm will use the high-end device as well as new mid-to-low tier products to boost market share.
He declined to give any specific targets.
LG will start selling the V10 smartphone in South Korea on October 8.
The device, which features two front cameras and a small secondary screen that works independently from the main 5.7-inch display, is priced at SKW 799,700 Korean (roughly Rs. 44,100) locally - 11 percent lower than domestic rival Samsung Electronics Co Ltd's cheapest Galaxy Note 5 phablet model that was launched in August.
The firm also said it is preparing its own mobile payments service but declined to elaborate further.
The highlight of the LG V10 smartphone is its Second Screen which is located as an inset display just above the main 5.7-inch QHD (1440x2560 pixels) IPS Quantum display. Meanwhile, the LG Watch Urbane 2nd Edition, which was also launched at the event, is being touted as the "first Android Wear device to feature cellular connectivity" that can work with or without a smartphone. The new Watch Urbane comes with 4G, 3G, and Wi-Fi alongside Bluetooth connectivity options.
LG announced that following its October 8 launch in Korea, it will come to the United States, China and other markets including Asia, Latin America, and the Middle East. The LG Watch Urbane 2nd Edition, on the other hand, will be available first in the United States and Korea. This will be followed by markets in Europe, CIS, Asia and the Middle East.
Written with inputs from Reuters


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Hyundai sales up 8.5% in January at 56,216 units
Hyundai’s domestic sales rises by 8.3% to 45,508 units last month as compared to 42,017 units in January 2017
New Delhi: Hyundai Motor India Ltd (HMIL) on Thursday reported a 8.5% increase in total sales at 56,216 units in January. The company had sold 51,834 units in January last year, HMIL said in a statement.
Domestic sales of the company rose by 8.3% to 45,508 units last month as compared to 42,017 units in January 2017. Exports grew by 9.1% last month at 10,708 units as against 9,817 units in January last year.
“2018 has started on a positive note and promises progressive growth for the industry, with Hyundai volume growth of 8.3% on strong performance of Grand i10, Elite i20, Creta and Next Gen Verna meeting customer aspirations on improved buying potential, led by stable micro economic factors,” HMIL director-sales and marketing Rakesh Srivastava said.
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LONDON (ICIS)--The international ammonia market is now fractured along geographical lines, with contract and spot prices falling west of Suez but proving more resilient east of Suez.
The latest fall in the monthly Baltic contract prices was widely expected given the clear looseness in the demand/supply balance amid weak industrial and agricultural demand.
The settlements for June loadings at $178-181/tonne FOB (free on board) put fresh downward pressure on the Yuzhny index, although no fresh spot sales were heard out of the Black Sea.
The recent trend for Ukrainian producers to target foreign markets means a further 35,000 tonnes/month has been tossed onto the table at time when the market is struggling to place volumes from other regions.
With major trader Trammo usually the only buyer of Black Sea cargoes on a FOB basis, the additional volume has seen it adopt more aggressive price targets at below $180/tonne FOB Yuzhny.
That figure is considered the break-even level for some producers, and any prolonged spell of prices below that threshold would likely prompt capacity cuts.
"All these new Ukrainian tonnes mean Trammo is having a party; there's really no-one else in a position to take them so they can target really low prices as the producers have no other outlets," noted one key market player.
In contrast, a surprisingly priced spot deal in the Middle East saw Trammo pay Saudi Arabian Mining Company (Ma’aden) a significant premium for a late-June/early-July cargo of 10,000-15,000 tonnes.
The producer’s recent plant problems have reduced regional availability, and the trader said it was left with little choice but to pay $220/tonne FOB, a figure around $70/tonne higher than some recent contract netbacks to the kingdom.
The buyer emphasised it was reluctant to pay such a price, but after exploring options in north Africa and southeast Asia, realised the additional freight costs would offset any savings from a cheaper deal.
Price hikes were also achieved by Malaysia’s PETRONAS as it sold a combined 20,000 tonnes on a FOB basis to Japanese trader Mitsui for July loading, and to Indonesia's Parna Raya for mid-June lifting.
Trammo agreed FOB spot deals in Algeria with AOA Edeola/Bahwan for 17,000 tonnes, and Mitsubishi for a 15,000 tonne Indonesia cargo for loading next week at Luwuk.
The trader also sold CFR (cost and freight) spot parcels into several countries, including to Hellagrolip in Greece, Bagfas in Turkey, and Deepak Fertilisers and Petrochemicals Corporation in India.
Similarly small cargoes were also offloaded to Philippine Phosphate Fertilizer Corporation (Philphos) in southeast Asia and Industries Chimiques du Senegal (ICS) in West Africa.
The outlook for early Q3 business could yet be determined by plant turnarounds or capacity cuts in key export-based countries like Russia and Indonesia.
In addition, any rebound in downstream demand from the industrial sector in Asia Pacific could prompt further price hikes over the coming weeks, with a small uptick in demand from South Korea's chemicals sector recorded.
Focus article by Richard Ewing


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Surviving a crisis as a family business: innovation and adaptation
“PIVOT”: an adjustment or modification made to adapt or improve . . .
This word has been used a lot over the last 15 months to describe how businesses are coping with the changes brought on from the Covid-19 pandemic. Not inventing the wheel, but having to embrace what we haven’t done previously.
Family businesses are generally thought of as risk-averse, traditional, and stagnant but we have seen exactly the opposite and are often a seedbed for innovation.
Harbinson Mulholland work with many of Northern Ireland’s home-grown family firms and in our experience, family ownership allows for tremendous flexibility in the redeployment of resources during rapidly changing circumstances. Typically, within the agile environment of a family business, decisions can be made and implemented quickly because owners are close to the coalface.
The onset of the pandemic forced many businesses to adapt their product offerings. From our recent all Ireland study with Dublin City University and Ulster University, we found family businesses responded to the pandemic in a variety of ways. Some diversified into new markets, while others launched new products
When the crisis took hold, one family business in our study found little demand to produce the clerical shirts and legal attire which they have specialised in for almost 100 years. They decided, almost overnight, to use their skills to help the health service, turning production over to making scrubs for front-line healthcare workers.
Most embraced new technologies to their benefit, a key hurdle amid external challenges. For many family firms the pandemic enabled positive, innovation change and new ways of doing things.
Leaders of family firms in our research referred to the pandemic as an “enabler” to upskill their teams and advance the business digitally. Interestingly, next-generation members viewed this as a major opportunity - prior to the pandemic many viewed their businesses as “behind” in terms of technology.
One recently appointed third-generation chief executive officer reported that before the pandemic: “Everything was in person.”
She continued: “We have set up an online team and are investing in improving our online offering. We are using Zoom/Teams to stay connected with our distributors and end consumers through webinar training programmes.”
This digital transformation has provided next generation members with an opportunity to spearhead new innovations within their family business.
We also found that the crisis acted as an enabler for next-generation members to spearhead new innovations and elicit digital change within the company, something which Tim Monroe, marketing director at Smiley Monroe, touched on in our recent “Not Accounted For” podcast.
As a global business headquartered in Lisburn, Tim shared with me how the pandemic helped accelerate their digital plans, which became ever more crucial with the opening of a new US operation in Kentucky in the midst of the pandemic, which is one of the firm’s biggest markets.
You can listen to the Smiley Monroe Podcast on our Spotify channel or on our Website Harbinson-mulholland.com
Especially during turbulent times, it is crucial for family businesses to pivot, adapt and embrace change and prioritising innovation is the key to unlocking post-crisis growth.
:: Darren McDowell is senior partner at Harbinson Mulholland (harbinson-mulholland.com)


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The Department for Work and Pensions has launched an electronic claim service that also has a facility for advising change of circumstances such as a new address or a different partner. The service is not totally electronic, because claims must be supported by a birth certificate. Research by the Department published recently makes it clear that unless the marketing challenge can be met, take-up will be modest.The Department surveyed its different client groups to assess interest in electronic services. Overall only 8% of respondents said they would use the Internet to contact the Department in the future. 57% preferred the telephone, 38 % face to face and 5% said they would write a letter.
Barriers to greater Internet usage were found to be limited access, usually resulting from the cost of owning a computer and lack of knowledge and experience. There was also widespread concern about Internet security. Respondents said they would not feel comfortable providing personal details over a government website, because of internet security generally, rather than the government’s use of information.
The survey revealed that raising awareness of the potential of the Internet increased the likelihood of people actually making use of it. At the end of the questionnaire people were asked how likely they would be to use it for the Department’s services and 28% said very likely, and 33% fairly likely. This marked difference to their earlier responses to the question of how they would contact the Department in the future shows that marketing could affect attitudes substantially.


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The Sign Africa RoadShow in Bloemfontein was a success, with 278 visitors coming to see the good cross-section of products and services on display and exhibitors making good leads on the day.
This was the first time the RoadShow, held at Kiepersolrant on 30 May, visited the Free State, with visitors from Lesotho and North West province also attending. The RoadShow was an opportunity for entrepreneurs to discover possible business opportunities and learn about new solutions which they can use to grow or improve their business.
– Roland showcased the new VersaArt RE-640 machine for durable graphics printing.
– In an African first, GSW launched the new Mimaki JV400-160LX latex printer.
– Studder Promotional showcased the FOREVER Laser-Transparent self-weeding transfer paper for white and light coloured textiles.
– Maizey Plastics gave visitors the opportunity to try their hand at some of the Plexiglas fabrication techniques demonstrated under the guidance of factory-trained experts.
Judges visited each stand at the expo and judged the stands according to criteria based on design and staff friendliness and professionalism. The stand winners and runners up include:
Best Large Stand Winner: Graphix Supply World
Best Large Stand Runner up: Graficomp
Best Small Stand Winner: Feature Advertising Equipment
Best Small Stand Runner up: Ricoh
The RoadShow will also be visiting Cape Town from 20-21 June. Earlier this year, the expo visited Nelspruit and Durban. The international exhibition is in Johannesburg 22-24 August 2012. Last year’s expo in the City of Gold attracted over 6 300 visitors, making it the best attended show to date.
For more information, visit www.signafricaexpo.com.


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5:45 a.m. May 18, 2017
Wal-Mart manages sales rise as others stumbleWal-Mart Stores Inc. reported stronger quarterly sales Thursday, showing that the world's largest retailer is drawing shoppers at a time when many competitors are reeling in the era of Amazon.com Inc.
5:14 a.m. May 18, 2017
Wal-Mart profit beats estimates, sales fall shortWal-Mart Stores Inc. reported stronger quarterly sales Thursday, showing that the world's largest retailer is drawing shoppers at a time when many competitors are reeling in the era of Amazon.com Inc.
4:33 p.m. April 16, 2017
- By Quentin Fottrell
10 best quotes from United passenger’s lawyer — here’s what they really mean ‘He said that being dragged down the aisle was more horrifying and harrowing than what he experienced in leaving Vietnam’‘He said that being dragged down the aisle was more horrifying and harrowing than what he experienced in leaving Vietnam.’
11:00 a.m. Feb. 27, 2017
- By Greg Robb
Odds of March Fed interest-rate hike spike above 50% Odds increase after Dallas Fed president spokeOdds of a March interest-rate hike rose above 50% Monday after Dallas Fed President Rob Kaplan spoke to reporters.
9:53 a.m. Feb. 22, 2017
- By Tonya Garcia
Wal-Mart amps up in-store customer service — and it pays off in holiday quarter Brick-and-mortar stores are fighting to differentiate from Amazon.com and other e-commerce rivalsWal-Mart focused on the in-store experience, along with growing e-commerce, which analysts say helped holiday earnings.
11:45 a.m. Feb. 15, 2017
- By Joseph Adinolfi
Treasury yields rise for 5th straight day, longest streak since mid-December 10-year yield breaks above 2.5% for first time in more than 2 weeksTreasury yields hit more-than-two-week highs after a strong reading on consumer-price inflation strengthens the Federal Reserve’s case for raising interest rates as early as March.
6:03 a.m. Jan. 21, 2017
- By Claire Atkinson
Mexican wireless lawsuit ensnares Peter Thiel The lawsuit involves a $7B contract to operate wireless networksThe latest lawsuit involves a $7 billion contract to operate 4G wireless networks in Mexico. One person involved in the deal is accused of murder.
11:59 a.m. Jan. 13, 2017
- By Joseph Adinolfi
Treasury yields fall for 4th week in a row Wholesale price data, an early inflation indicator, helped support yields Treasury yields were on track Friday for their largest daily increase of the year as robust inflation data and strong bank earnings helped reverse an earlier decline.
11:28 a.m. Dec. 14, 2016
- MW Blogs
Yellen sounds cool to stimulus at Fed press conference: live blogFollow along with all the latest news from the Federal Reserve, on interest rates, the dot plot, growth forecasts and more -- and watch as Federal Reserve Chairwoman Janet Yellen holds a press conference. We'll have market reaction, analysis, tweets and more.
2:11 p.m. Nov. 21, 2016
- By Emily Smith
Trump reportedly rages against CNN, other media figures in private meeting ‘They got a Trump-style dressing down’ one source saidDonald Trump scolded media big shots during an off-the-record Trump Tower sitdown on Monday, sources told The Post.
7:03 a.m. Nov. 17, 2016
Best Buy sales beat as online revenue growsBest Buy Co. posted higher third-quarter sales, helped by continued improvement in its online business, though recent recalls of Samsung products will weigh on its performance in the holiday quarter. The electronics chain estimated that recalls of the Samsung Galaxy Note 7 smartphone and the brand's washing machines will dent sales by $200 million in the current quarter.
4:31 a.m. Nov. 17, 2016
Wal-Mart sales fall short as profit declines 8.2%Wal-Mart Stores Inc.'s revenue rose less than expected in the third quarter, and profit fell 8.2% as the retailer continues to invest billions to boost its e-commerce business and improve stores. Still, same-store sales rose 1.2% for the quarter, the ninth straight increase. Meanwhile, traffic rose 0.7% and e-commerce sales rose 21%, an acceleration from the second quarter.
1:27 a.m. Nov. 14, 2016
- By Isabel Vincent
Trump said to be ‘disgusted’ with Chris Christie New Jersey governor reportedly on the outs with Trump transition President-elect Donald Trump is so disgusted with Chris Christie’s handling of the Bridgegate scandal that he’s kicking the New Jersey governor out of his inner circle, The Post has learned.
6:46 a.m. Sept. 23, 2016
- By Sue Chang
Chart shows investors would’ve been crazy to heed calls to ‘sell everything’ Oil, stocks, emerging markets have all posted double-digit returns In the 10 months since Royal Bank of Scotland analyst Andrew Roberts issued his headline-making call to “sell everything,” most assets have soared.
4:57 a.m. Sept. 16, 2016
- By Barbara Kollmeyer
The crowd wants this stock correction too badly for it to happen Critical information ahead of the U.S. market’s openSick of the sky-is-falling drumbeat about this market? Our call of the day says this is what happens when everyone is thinking the same thing. Our chart shows a huge move into commodities.
10:52 a.m. Sept. 6, 2016
- By Greg Robb
Clinton says Trump should quit demonizing the Fed ‘Words move markets,’ Clinton saidDemocratic presidential candidate Hillary Clinton says her Republican rival’s comments casting doubt on the Fed’s motives for keeping interest rates low have no place in a presidential race
2:03 a.m. Aug. 26, 2016
- By Emily Gurnon
Here’s what you’ll pay to put your parents in assisted living A new survey shows costs outpacing inflationCosts for rent and care at senior living communities across the country are going up, with southern and western states seeing the biggest percentage increases
6:25 a.m. Aug. 22, 2016
- By Emily Smith
Colin Powell says Clinton team trying to blame email issues on himColin Powell has broken his silence about his alleged involvement in the Hillary Clinton email scandal, saying her team is falsely trying to blame him.
4:01 a.m. Aug. 2, 2016
Travis Perkins warns of Brexit-induced slowdownLONDON--British building-materials supplier Travis Perkins PLC (TPK.LN) warned of an end-of-year slowdown in its main markets in the aftermath of the U.K. vote to leave the European Union despite reporting an 11% rise in first-half pretax profit.
6:03 a.m. July 26, 2016
- By Barbara Kollmeyer
Here’s your second chance to buy into oil’s recovery Critical information ahead of the U.S. market’s openOil prices are set to stay under pressure Tuesday. But the time to pick up cheap oil may be nigh.
3:00 p.m. July 24, 2016
Terror attacks keeping tourists away from EuropePARIS--A cascade of terrorist attacks in Europe is driving away tourists at the height of the summer rush, casting a pall over hotel chains, airline companies and luxury retailers that are already grappling with Britain's vote to leave the European Union.
12:43 p.m. July 21, 2016
Visa earnings drop on deal-related charges Visa Inc.'s quarterly earnings fell 76%, hurt by charges tied to the acquisition of its European operations, while its revenue and payments volume rose. "While little has changed in the global economic environment, and cross-border commerce continues to be challenged by a strong U.S. dollar, domestic consumer spend across the globe remains strong and resilient," Chief Executive Charlie Scharf said.
5:01 a.m. July 19, 2016
- By Lucy Cohen Blatter
Here’s where luxury-home buyers are landing — and it’s not all New York, London and Hong Kong Lesser-known cities are desired for colleges, public transportation and art sceneBustling areas like Manhattan, San Francisco, Hong Kong and London will always draw high-end buyers who want to be smack in the middle of it all—and lock down investments that they know will turn a profit. But that isn’t the only way to think of a luxury purchase.
4:53 a.m. June 2, 2016
- By Victor Reklaitis
This is when stock-market bulls should head for the exit Critical information ahead of the U.S. market’s openWatch for the market to take a dramatic turn today, as everyone’s favorite oil cartel and bazooka-wielding Mario Draghi look set to spark swings. Today’s call — from investing legend Felix Zulauf — sees trouble in mid-2017.


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Entries in 'trailer' (107)
Routine may well be the most impressive upcoming game you’ve never heard of.
Microsoft and Sony have had their turn – now it’s Nintendo’s chance to woo the world at E3.
New studio Respawn has released the first gameplay video for its Xbox One and Xbox 360 exclusive debut title Titanfall.
EA has released the latest gameplay footage for Battlefield 4.
We might just refer to it as Halo 5, as that's a lot quicker to write than 'the new Halo game'.
We won’t laugh at you if you get a good minute into this new Watch Dogs short before you realise it’s CGI.
There are just hours left – well, around 97.5 at the time of writing – until E3 2013 kicks off.


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Industrious college students who already rented textbooks for their fall semester might find they inadvertently violated a user agreement with the company providing the book just by driving to campus.
And those buying e-books and traveling abroad might land in their destination only to find that their books have disappeared from the tablet.
Both scenarios have to do with the fine print that customers agree to — often without reading them — when they download books from the Google Play store or rent a textbook from Warehouse Deals, Inc., a third-party seller on Amazon.
In both cases, travel can trigger a violation of the customer agreement and result in some jarring penalties.
Students planning to travel abroad with their tablet this semester should be wary of any titles they downloaded through the Google Play store. E-books in the app will be deleted if a user winds up in a country where the Google Play bookstore is not yet active.
Jim O'Donnell found this out the hard way when he traveled to a library conference in Singapore, Boing Boing reports.
O'Donnell cataloged his woes in a post on the Center for Research Libraries listserv.
While in Singapore, O'Donnell's tablet prompted him to upgrade his Google Play app. Once the app had finished upgrading, it started re-downloading the 30 or so books he keeps on it. When they stopped, he started to investigate.
"Atypically, Google has Google Play help service available by email, but a series of exchanges demonstrated that the droids at the Android Store were neither able to comprehend my issue, sympathize with my plight, or offer a remedy," he writes. "I must return to the US to be allowed to spend a few hours redownloading 'my' books before I can read them again. At one point they asked what features I might suggest be added to Google Play. I suggested 'Don't Be Evil', but got no response."
In the Amazon's recently updated Textbook Rental Terms & Conditions, the Warehouse Deals, Inc. company gets its own clause.
Students can rent textbooks from the seller for one price, but will be charged the difference between renting and buying if Warehouse Deals thinks they have crossed state lines with the book.
Inside Higher Ed explained it this way in a recent story:
"For example, a student who rents a sixth edition chemistry textbook by John E. McMurry and Robert Fray and has it shipped to Pennsylvania will pay $54.58 before shipping and handling fees," IHE writes. "That book has a buyout price of $150.49. If Amazon discovers that the student violated the rental terms and conditions by moving the book out of Pennsylvania, the student would be charged the $96 difference."
Kenneth C. Green, founding director of the Campus Computing Project, reasoned that the terms might be one of the ways Amazon has been trying to avoid establishing nexus in a state and having to collect sales tax.
"Presumably the concern is that if Amazon owns rented textbooks that cross state lines, state authorities could argue that Amazon has an official business presence in the state," he wrote in an email, "a business presence that would require Amazon to collect and pay state sales tax."
In New Jersey the company eventually worked out a deal with lawmakers to build a "mega-warehouse" in Robbinsville and started collecting 7 percent sales tax on July 1.