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I must begin with congratulating all the entrepreneurs who are successfully surviving from the tough times of the Pandemic. We are on the track of economic recovery and the challenges are not over yet. well, in my observation, this was the main thought process behind the Union Budget 2022-23.
The track of economic recovery is getting traced, there is a lot that MSMEs were expecting from the Hon’ble Finance Minister ahead of her speech.
The Budget 2022 speech has some very positive takeaways for MSMEs and startups for example the extension of the ECLG Scheme. This was expected and needed the most. The extension of another three years shows the Government has a grounded understanding of the impacts of the pandemic which is going to last for another couple of years.
In addition to the aforementioned, the announcement of additional aid of Two Lakh Crores for MSMEs is also a great booster. Apart from the corporate tax slab reduction will also going to influence positively to SMEs. This additional credit for Micro and Small Enterprises to be facilitated under the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE). However, the convergence of MSME portals such as Udyam, eSHRAM, NCS and ASEEM and will now perform with live, organic databases providing G2C, B2C and B2B services. This will enable credit facilitation, skilling and recruitment for MSMEs with an aim to formalize the economy and promote entrepreneurship.
Here are Top MSME Centric Takeaways from Union Budget 2022
- Udyam, e-shram, NCS and ASEEM portals to be interlinked.
- 130 lakh MSMEs provided additional credit under Emergency Credit Linked Guarantee Scheme (ECLGS)
- ECLGS to be extended up to March 2023.
- Guarantee cover under ECLGS to be expanded by Rs 50000 Crore to total cover of Rs 5 Lakh Crore.
- Rs 2 lakh Crore additional credit for Micro and Small Enterprises to be facilitated under the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE).
- Raising and Accelerating MSME performance (RAMP) programme with outlay of Rs 6000 Crore to be rolled out.
I consider that the only thing which could have added much thrust on this most important driver of the economy could be the announcement or expansion of the Fund of Funds. MSME Banking could also be an area where government’s intervention can bring great results.
While the industry is coming out in large numbers with positive feedback on FM Sitharaman’s announcements.
While congratulating MSME entrepreneurs for a balanced and motivating Union Budget 2022, Mr. Nikhil Arora, Vice President and Managing Director, GoDaddy India said, “The 2022-23 budget overall finely balanced fiscal retreat with supporting economic recovery and skilling. The proposed reforms especially those focused towards MSMEs and start-ups, such as the expansion of the ECLGS scheme for another year, are a welcome move for both credit facilitation and boosting entrepreneurial opportunities in the country. We believe that the financial support of five lakh crores will help to encourage young entrepreneurs to come forth and explore new avenues. In addition, the decision to interlink portals like UDYAM, e-SHRAM, National Career Service (NCS), and ASEEM will help in formalizing the sector and be positioned to create additional job opportunities. The launch of Digital DESH e-portal for skilling, reskilling, and upskilling of the existing talent will also help to pave the way for building a dynamic workforce for future growth. As the country looks forward to these encouraging initiatives and more to boost small businesses, GoDaddy will continue to support Indian small businesses and entrepreneurs helping their ventures successfully come and grow online.”
While welcoming the Union Budget 2022, Mr Dinesh Agarwal, Founder & CEO, IndiaMART InterMESH Limited stated, “With respect to the MSME sector, we congratulate the Union Budget 2022 for the vision. MSMEs will be supported through an extension of the Emergency Credit Line Guarantee Scheme (ECLGS) through March 2023, which will increase the guarantee cover by Rs 50,000 crore to Rs 5 lakh crore. The ‘Effective Capital Expenditure’ which is estimated at INR 10.68 lakh crore will be about 4.1 percent of GDP implies that Government is focused on strengthening domestic industry which will aid economic growth and job creation. This year’s Budget also emphasized on the startup ecosystem. Furthermore, the focus on digitization will strengthen online marketplaces to reach a wider audience, thereby creating a path for strong growth. The tone of the Budget was clearly pointing toward the priority areas defined as engines of growth for becoming a 5 trillion economy. It was a genuine effort to meet the GDP target as envisaged in the Economic Survey; we wish to see the year as the ‘year of growth’.
highlighting another aspect of MSMEs, Sarosh Amaria, Managing Director, Tata Capital Financial Services Limited quoted, “The Government has continued its support to MSME sector with measures announced in the Budget like extension of ECLGS scheme and integration of digital portals. Higher allocation towards capital expenditure at Rs. 7.5 lac crores will aid the industry in sustaining recovery after the pandemic.”
Propelling MSME growth through enhanced financial access and support announcements in Union Budget 2022 speech, Mr Sushil Pasricha, Partner, Bain & Company commented, “In MSME sector (which employs 40% of country’s workforce and contributes to 30% GDP), the Government has extended Emergency Credit Line Guarantee Scheme (ECLGS) up to March 2023. The guarantee cover has extended by another INR 50,000 crore and total cover under scheme now is INR 5 lakh crore. This will enable credit facilities to MSMEs to meet their additional working capital requirements. The extension of this scheme will especially help hospitality and related services within MSMEs which were adversely affected by the pandemic.”
INR 6,000 crore Raising and Accelerating MSME Performance (RAMP) programme will be rolled out over 5 years. Extension of single-window clearance beyond green projects will facilitate in ease of doing business for the MSME sector.


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CLEMSON, SC—Researchers at Clemson University and Carnegie Mellon University are collaborating to develop next-generation robots for advanced manufacturing across the automotive, aerospace, electronics and textile industries. Clemson will also help train the workers who will operate the robots, as part of a $253 million plan to fill roughly 510,000 jobs in manufacturing by 2025.
Comparative claims can be positive or negative, subjective or objective. But, in every instance, their main purpose is illustrative. A common example is when someone claims that a person or process is “as slow as molasses” (which, by the way, has a viscosity of only 5,000 to 10,000 centipoise [cps]).
AUSTIN, TX—Samsung Austin Semiconductor LLC plans to invest more than $1 billion in its chip-making factory here. Samsung already employs 3,000 people there, and the company expects to add hundreds more technicians and engineers next year.
NEW TAIPEI CITY, Taiwan—In 2011, Foxconn announced a plan to replace 500,000 mainland Chinese workers with 1 million robots over the next three to five years. So far, the electronics manufacturing services provider has installed 40,000 robots across China. MORE
The loudspeaker market is booming. In addition to designing to an outstanding product, efficient production is crucial for a speaker manufacturer to stay ahead of its competitors. Adhesives play an important role in this, but the potential they offer for increasing productivity has yet to be fully realized.
When an assembly press supplier meets with a manufacturer to discuss its next purchase, both parties focus on one question: Which type and model of press is best for the current application? Mike Brieschke, vice president of sales at Aries Engineering Corp., recalls how two such meetings in 2006 with automotive OEMs led the supplier to ask itself another question: Which type of press is best for the future of assembly?
On September 25, 2012, Lenze Americas held a grand opening at its new mechanical product assembly and logistics center in Glendale Heights, IL. The facility supports electromechanical product manufacturing operations for the Americas region.

domain: news


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Locks and Security News: your weekly locks and security industry newsletter
19th June 2019 Issue no. 462
Your industry news - first
We strongly recommend viewing Locks and Security News full size in your web browser. Click our masthead above to visit our website version.
3rd China Lock Industry Expo 2013
The 3rd China Lock Industry Expo 2013 is going to be held on March 29-31, 2013 in Guangzhou, the Business & Trade Centre of China.
Being held in the biggest manufacturing and consumption country in locks, Lock China 2013 brings together brand enterprises, manufacturers, merchants and professionals. The 2nd Guangzhou International Lock Industry Expo 2012 was successfully held in Guangzhou Jin Han Exhibition Centre during April 16th-18th 2012. This exhibition attracted 165 domestic and foreign enterprises and covered an area of about 8000m2, being the most professional lock industry exhibition with most exhibitors in China.
In total, it received 8437 professional visitors and 1235 overseas buyers, an increase of about 25% compared with 2011.
19th September 2012


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Walmart Neighborhood Market in Knightsville
Journal Scene, Summerville
Saturday, February 6, 2016
A new Walmart Neighborhood Market is coming to Knightsville near the intersection of Central Avenue and Orangeburg Road. MONICA KREBER/JOURNAL SC
A new Walmart Neighborhood Market is slated to open in late August or early September.
The store will be built at Central Avenue and Orangeburg Road, which already hosts a Publix and a Mr. K’s.
Phil Keene, director of corporate communications with Walmart Media Relations, said the Neighborhood Market stores are about 38,000 square feet and offer groceries, household supplies and health and beauty products. In addition, there will be a full-service deli and in-store bakery offering custom cakes and fresh-baked items. as well as a pharmacy.
“We are proud to be a part of the Summerville community and we’re very excited to open a Walmart Neighborhood Market there later this year,” Keene said.


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Check the street posters and the billboards - a new act is in town.
Billed as the headline performer, for centuries theatres around the world have fought to house the best talent on the planet, providing a platform to amaze wave after wave of customers from Sydney to Stockholm.
Today, the rise of the independent software vendor (ISV) is creating a technological equivalent.
Also billed as a headline performer, leading vendors are competing at breakneck pace to attract top ISV talent, providing a cloud platform capable of fostering innovation on a global scale.
In providing such a framework, ISVs are becoming channel superstars, with vendors clamouring to create cloud-friendly environments to ensure ongoing profitability and growth.
“ISVs are important because they consume our platform, but more importantly they provide innovative solutions to our end customers,” Amazon Web Services head of channels and alliances, Stefan Jansen, said.
In keeping with sustained public cloud services market growth of 16.5 per cent - reaching $US204 billion in 2016 - AWS is taking advantage of a rise in cloud application services (SaaS), which are forecast to grow 20.3 per cent this year, reaching $US37.7 billion according to Gartner.
“It’s clear that SaaS consumption will overtake traditional software with the consumption of applications and SaaS-based products continuing to rise,” Jansen added.
In the wake of such seismic SaaS activity, and with a partner network comprising on consultancy and technology partners, AWS is betting on its ISV channel to keep itself at the leading edge of the industry.
Working closely with born-in-the-cloud ISVs, Jansen said the expanding footprint of the AWS cloud – spanning 38 availability zones within 14 geographic regions – is helping partners realise both local and global ambitions.
“Born-in-the-cloud ISVs are instantly global,” Jansen said.
Closer to home however, Australia represents a growing hotbed of companies rising through the AWS cloud ranks to capture new customers, both large and small.
“Take Versent as an example,” Jansen explained. “Rather than building a traditional software business, you can just spin it up through the cloud and away you go.
“It’s an emerging trend as more companies begin to follow suit.”
As one of the country’s fastest growing AWS consulting partners, the Melbourne-based company opened its doors in January 2015, before growing to 105 staff, servicing over 70 customers with close to $20 million in revenue.
“They saw an opportunity based on the conversations they had with enterprise customers and realised a need for consulting services driving automation, security and agile,” Jansen added. “As they’ve developed they are now delivering to multiple enterprise customers not only in Australia, but also Singapore.
“Versent architects then built and launched a product called Stax, which is now attracting interest from the US market. If you’re a software developer or consulting partner with repetitive IP, there’s no requirement to buy the assets.
“Instead companies can experiment and fail fast at a lower cost, building out a product that can then be taken to market.”
Amidst the rising prominence of the ISVs such as Versent - and its spin off business in Stax - Jansen said AWS assesses its channel community through the lens of its AWS Partner Network (APN), allowing partners to showcase potential on the platform.
“APN allows partners to register with minimal criteria,” he added. “But as partners demonstrate their capabilities and skill sets they can advance up the tiers. “We want to assure that our customers understand what the partner program means and that it represents a level of quality and quality assurance.”
Working with the channel
From a reseller perspective, those operating within the program can resell ISV products that are onboarded onto the AWS Marketplace.
Launched in 2012, the AWS Marketplace is an online store allowing cloud customers to find, compare and utilise AWS software and technical services.
In short, the store serves to accommodate and foster the growth of AWS services from third-party providers that have built solutions on top of the AWS platform.
“We’re growing significantly with over 2,500 listings covering over 900 ISVs,” Jansen said. “It predominantly started out in the tooling space, including backup and data recovery but now more SaaS products are being listed.”
Based on end-user feedback - in keeping with the customer-centricity mantra that dictates every move AWS makes - Jansen said the marketplace “removes the friction” of procuring and consulting software, addressing two ongoing challenges within the cloud.
“Customers enjoy the benefits of cloud but don’t like to be locked into long-term contracts,” he added. “We’re removing those pain points and working with software vendors to allow them to offer their software on a consumption basis - whether that’s hourly, monthly rates etc.
“As a consulting partner, system integrator or managed service provider, benefits can be found by instantly helping customers consume that software. And if you’re a reseller you can also start reselling and receive your standard reselling benefits in that context.”
Through the cloud, and its growing online store of services, Jansen said there’s opportunities for “all types of partners” within the AWS ecosystem, advising partners to “think customer first” in the pursuit of revenue growth.
“Listen to their needs and your plan should depend on what the customer is asking for,” he advised. “We work with partners of all breeds and capabilities and continue to engage across all areas of the channel.”
As the buyer become more knowledgeable and sophisticated, Jansen said customers arena demanding in-depth capabilities from the channel, seeking specialisation and collaboration in equal measure.
“Specialisation is happening within large consulting partners such as Accenture,” he said. “They’ve built deep capabilities within the digital space around big data and analytics and customers want to consume those services.
“Partners must also display a certain level of depth when helping organisations move to the cloud and collaboration forms a key part of that equation.”
Yet for the traditional channel still blinded by the bright lights of the cloud - and the countless innovations happening within it - the AWS route to market poses problems.
With 2016 yet to close, AWS has already added over 700 new features to its cloud platform, with the number widely expect to increase in the twelve months ahead.
“The pace of innovation is only accelerating,” Jansen acknowledged. “For partners new to cloud and looking to transform their own business, look at ways to drive instant value to your business.”
In examining the Australian landscape of partners, as the “broad and diverse” channel jockeys for position within the cloud, Jansen’s advice is clear - “play to your strengths”.
“Take Myriad IT as an example,” explained Jansen, referring to the company’s expertise around JD Edwards enterprise resource planning software implementation. “They’ve historically been very strong in the deployment of JD Edwards solutions.
“Now they have built out AWS capabilities and are migrating JD Edwards customers to the cloud, providing greater agility while reducing the costs of legacy infrastructure.
“For them it’s a logical extension and for most partners, they are building out cloud capabilities that stay true to their roots.”
Looking ahead, Jansen said AWS is going to further emphasise its investments within the local market, delivered through two core channel initiatives.
“Firstly, we’re increasing our collaborative models with ISVs,” he added. “We’re going to place more emphasis on helping the channel consume ISVs that have listings on our marketplace, it’s a key route to market for us.
“Secondly, we’re targeting customers that operate within the mid-market and SMB spaces. There’s growing demand around adopting cloud services and we need partners who can help migrate those businesses and scale within that channel.”
This article originally appeared in the November issue of ARN magazine - to subscribe, please click here


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Korbyt Now Majority-Owned By PE Firm; Investment Brings “Significant” Growth Capital
July 18, 2023 by Dave Haynes
The company in an announcement this morning said it has received “significant growth investment” funding in the deal, enabling it to grow sales and the partner ecosystem, as well as drive additional software development on its SaaS platform.
“Clearhaven’s deep software industry expertise and shared vision for growth align well with our strategic objectives,” says Ankur Ahlowalia, CEO of Korbyt. “Together, Korbyt and Clearhaven will accelerate momentum as the leading provider of cloud-native digital signage and corporate communications software, further invest in the product portfolio and our experienced and passionate team, and continue exceeding customer expectations through best-in-class customer support.”
Financial terms were not disclosed, but I asked and confirmed Clearhaven now has a majority position in the company. Another investment firm, Virgo Capital, also has a minority position in Korbyt.
Clearhaven says it invests exclusively in software and software-driven companies across major thematic areas that drive business software demand.
“At Clearhaven, we see an enormous opportunity in workplace experience technology, as legacy solutions no longer meet enterprises’ growing need for enhanced communication and engagement solutions for distributed employees and customers,” says Managing Partner Christopher Ryan. “Korbyt is well positioned to capitalize on this tremendous market opportunity through its innovative platform that allows organizations to natively deliver market-leading workplace experience technology across a diverse set of endpoints and use-cases through a single integrated platform.”
Korbyt is the evolved brand name of what started out many years ago as Symon Communications, and then through an exotic merger took an odd, ill-advised left turn into digital OOH. It has more recently dropped the RMG Networks brand and gone back to its roots, syncing the company name with the core product name, and mainly doing data-driven visuals for environments like contact centers and production facilities.
Korbyt, says PR, is the workplace experience technology partner of choice for 400 global enterprises, including 60 of the Fortune 100 across many industries, including financial services, manufacturing & distribution, healthcare, retail, insurance and higher education.
The Korbyt Anywhere platform enables content and data to be seamlessly shared across multiple channels such as digital signage, employee desktops, mobile devices, meeting rooms and more. Korbyt’s customers benefit from a single, highly configurable platform with robust native integrations and machine learning technology that empowers communications, IT, marketing and operations teams to visualize real-time content and better engage with both employees and customers.
One of the interesting aspects of this deal is who else is in the Clearhaven portfolio. A year ago, the PE company acquired SundaySky, an Israeli company that does mass video creation.
SundaySky’s SaaS platform features patented technology that allows business professionals, regardless of creative skill level, to efficiently create, personalize, manage, distribute and optimize captivating videos to reach their valuable constituents. SundaySky’s technology platform empowers businesses to reduce their reliance on traditional resource-intensive video production models and services that incur significant costs, time and require specialized creative and technical skills.
The application for digital signage is fairly obvious.
M&A activity in this industry kind of ground to a halt for a while there, but this is the third acquisition I’m aware of in the last week or so, with PE-backed Spectrio acquiring InReality, and France’s Cenareo acquiring a video production firm.


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Is Apple renaming its rumored budget iPhone the 5C?
A tech site on Monday cited photos on a Chinese phone forum last July 27, indicating plastic packaging for a supposed "iPhone 5C."
"The latest is plastic packaging for an iPhone 5C, which appeared on the Chinese WeiPhone discussion forum. The 5C could be the rumored lower-cost, plastic-encased iPhone that could show up along with an updated iPhone 5, expected to be call the 5S," CNET reported.
CNET noted that while it is not clear what the "C" in "5C" stands for, the packaging could be similar to the plastic case of the iPod touch.
But it said it is still not clear if the image is authentic, noting it "doesn't fit into Apple's current visual treatment for an iPhone with two characters, such as the 4S."
Still, it said it is "not beyond reason" that the designers would tinker with iPhone logos.
CNET noted the iPhone's sales had gone up 140 percent in the Philippines. — TJD, GMA News


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Primary storage devices
- November 07, 2019
Infinidat CTO Brian Carmody says NVMe protocol is a 'perfect match' for hybrid InfiniBox disk arrays. Customers are beta testing Infinidat NVMe drivers, starting with RoCE 4.
- October 24, 2019
EMC veteran Jeff Boudreau takes control of Dell Infrastructure Solutions Group, with plans to 'out-innovate' hyper-converged and software-defined storage competitors.
- October 18, 2019
Age-old hard disk drives get a new twist as energy-assisted technologies fuel Western Digital's upcoming new 20 TB HDDs and rivals Seagate and Toshiba work on product plans.
- September 12, 2019
New IBM DS8900F all-flash storage arrays conform to industry-standard rack size, boost performance and enhance security over DS8880 predecessors for mainframe and high-end systems.
- June 07, 2019
Despite a recent earnings miss, Pure Storage has cracked the IDC enterprise storage tracker for the first time to grab a share of fifth place in external storage systems revenue to tie IBM Storage. ...
- May 28, 2019
NetApp said 'execution challenges' cut into earnings last quarter due, in part, to changing data center buying patterns. All-flash vendor Pure Storage's losses grew to $100 million.
- March 22, 2019
Dell EMC storage has taken on more of a 'Dell' feel over the past year, thanks in part to reliance on PowerEdge Servers and spinning out Pivotal Software into a public company.
- March 06, 2019
All-flash arrays command most of the attention, but Infinidat claims its InfiniBox arrays deliver the performance of flash on commodity-priced spinning disk.
- January 30, 2019
University of Utah Health extends its Hitachi Vantara storage implementation, adding the Hitachi Content Platform object storage to modernize its data center.
- January 09, 2019
Toshiba will try to get a jump on rivals Seagate and Western Digital with a new 16 TB hard disk drive that targets cloud-scale users in need of low-cost, high-density storage.
- November 30, 2018
Dell EMC on Thursday reported nearly $4 billion in storage revenue in its most recent quarter, marking its third consecutive positive earnings in storage. But executives refrained from sharing ...
- November 27, 2018
Sanmina Corp. subsidiary Newisys recently plunged into enterprise storage with an NVMe all-flash system. In a bid to extend its presence in storage, Newisys is now called Viking Enterprise ...
- September 12, 2018
Enterprise-class 14 TB HDDs from Seagate, Toshiba and Western Digital target cloud-scale users in need of economical, high-density storage to cope with exponential data growth.
- September 06, 2018
The long-awaited convergence of the Dell EMC midrange storage into one platform will happen in 2019, according to Dell Technologies’ chief storage honcho. Jeff Clarke, VP chairman of products and ...
- August 22, 2018
Pure Storage all-flash sales helped the vendor close a strong quarter in July, generating $309 million to beat its top-end guidance. The revenue figure represents a 37% increase from the $224.7 ...


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Bob Gatzke, the 'tire dealer's tire dealer,' dies
Robert "Bob" Gatzke, one of the the founding partners of Parnelli Jones Inc. and onetime president of the National Tire Dealers & Retreaders Association (NTDRA), died on June 12, 2015. He was 84.
Gatzke began his long career in the tire industry with the Firestone Tire & Rubber Co., where he rose to district sales manager in Los Angeles. He decided to become a retail tire dealer in 1966 when he helped found the Parnelli Jones Firestone chain.
Gatzke helped the firm grow from eight employees to 500 employees, 43 retail outlets, six wholesale warehouses and a race tire division with more than $60 million in sales.
As president of the NTDRA, the forerunner to the Tire Industry Association, he conceived, developed and implemented the concept of “The Independent Tire Dealers’ Bill of Rights.” It was the biggest grassroots response from NTDRA members in the organization’s history.
Many of the issues addressed by the “Bill of Rights” proved to be international in scope. Gatzke was invited to make a special presentation on the project to a select group of tire industry leaders in Germany.
His efforts earned him recognition across the country and around the world as a “tire dealer’s tire dealer." He was inducted into the Tire Industry Hall of Fame in 1994.
Other projects for which he was responsible during his tenure as NTDRA president included the Passenger/Light Truck Tire Mount/Demount training program and the revitalization of the Tire Retreading Institute.
In 1991, he served as president of the California Tire Dealers and Retreaders Association-South, and was on its board of directors for nearly 20 years.
Among numerous other activities, Gatzke served on the fund-raising committees for the City of Hope, the world renowned cancer center in Los Angeles; and the Jonathan Jacques Children’s Cancer Center.
Gatzke and his wife, Jean, retired to Vista, Calif., in North San Diego County. He is survived by his wife; daughters Sherry Brayton and Nancy Williams; and sons Everett Gatzke and John Gatzke.


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Apple's iPhone 8 is now on sale so we've rounded up the cheapest deals
Some EE and BT Mobile customers who fail credit checks can't use their UK allowances when travelling in the EU
O2 Priority customers will no longer be able to grab a £1 lunch at Boots after Monday 28 August
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Three to extend 'Feel At Home' offer – but some WILL still pay to use data in EU after roaming charges 'ban'
Three is adding to its list of countries with free roaming, but you'll still face a limit on your data use in the EU
Some EE mobile customers will see their bills rise by 2.5% from 30 March, while O2 will increase prices by 2.6% in April
O2 Priority customers will no longer be able to grab a £1 Monday lunch at Boots after 20 February.
About 15,000 UK customers who pre-ordered the new Samsung Galaxy Note 7 have been urged to return the phones immediately
All major mobile networks have dropped unlocking charges for pay monthly customers outside their minimum contract term
Apple aficionados who pre-ordered a new iPhone 7 for today's launch from have been left fuming by delivery delays
Getting the iPhone 7 on a mobile network contract will cost up to £390 more over two years than buying it from Apple
Mobile phone users can now dodge irritating cold calls for free by texting the number '85095'
A multi-billion pound merger between O2 and Three has been blocked over concerns about potential customer price rises
O2 has closed a loophole in its Priority app that meant customers were able to purchase multiple £1 meal deals
Most EE and O2 mobile phone customers will be hit with monthly contract price rises of 1.3% from 30 March 2016
Ofcom says operators will have to pay a combined annual total of £199.6 million per year for access to the spectrum


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Kokab Parveen, executive member of the Central and North Punjab Women Chamber of Commerce and Industry, says 50 per cent women in Pakistan today are working in the service as well as the product sectors. Many of them are also engaged in working with the cottage industries and self-employment groups. Parveen was in Ludhiana with a group from Pakistan that has displayed its creations during "Baisakhi Dhamaka".
Giving a striking example of women managing a slaughter house, she said one of the members of the chamber, Dr Azmat Safi, was managing a slaughter house. "Even the employees working in her slaughter house are women. Another woman, Qaisra Sheikh, is making gensets while Dr Shela Zawed is running a pharmaceutical firm," she said. Women today are very enterprising and taking up fresh challenges in their lives.
Besides, women in large numbers are engaged in cottage industry, embroidery, textile industry, shoe-making and jewellery. "Our chamber visits rural areas regularly to impart information on being self-reliant. "Five women are chosen by the chamber and their skill is modernised to make them self-reliant," she added.
Parveen was very happy over the response they got from Ludhiana residents to their products. "People here are really crazy for Pakistani suits, jewellery and traditional Punjabi juttis. I was exploring whether we can open showrooms to sell specialised Pakistani products," she added.


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Swiss group Hügli has reduced its expectations for 2016 after sales dropped by 1.6% in the first nine months of the year.
The company, which makes products including soups and sauces, said yesterday (17 November) the “unexpectedly weak revenue growth” so far this year had prompted it to predict an “even lower figure” for last three months of 2016.
“The current difficult market for the foodstuffs industry in Europe means that almost all of the sales divisions are affected by the weaker sales, also including our key account business due to the lower quantities ordered by key accounts,” Hügli said.
For the first nine months of the year, Hügli said it was hit by a “substantial downturn” in sales of its own brands, which fell by around 10%. The group also flagged a “major increase in competitive pressure”.
It said: “As a result, we are forecasting sales to fall in 2016 by around 2%,” the group noted. “Despite our continued consistent cost management, the downturn in sales is putting pressure on our anticipated earnings.”
Previously, the company has said its operating results were likely to be “slightly lower” than in the previous year with an EBIT margin for 2016 of almost 8%, down from 8.1%. The group’s management is now forecasting an EBIT margin of 7%.
“Growth drives have now been initiated in view of the unsatisfactory course of business. These are coupled with a review of additional potential for cutting costs – with the aim of returning profitability to the level defined in the strategy. We are confident that we will achieve this,” the company said.
Hügli will report on its fourth-quarter sales performance at the end of January.


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Harvest Festival to offer handmade items, food, entertainment
All American handmade or embellished items — including fashion jewelry, holiday decorations and pottery — will be sold by approximately 250 vendors at the Ventura Harvest Festival Original Art & Craft Show from Sept. 30 through Oct. 2 at Seaside Park.
“This will be our 27th year in Ventura,” said Nancy Glenn, of San Leandro, owner of the Harvest Festival Showcase, the business that produces the harvest festival.
The festival is presented several times a year in Nevada and areas throughout California.
“We have Christmas ornaments, ceramics and blown glass — just anything you can imagine that someone can make, from clothing to wooden bowls and pieces of art,” Glenn said.
Last year’s festival in Ventura brought 13,000 attendees.
“It’s fun and it’s family oriented,” Glenn said. “We offer something for everyone, from all-day entertainment on the stage, strolling entertainers and a Kids Zone, to things for the serious shopper who just wants to take their time meandering through all the aisles for three whole days for the price of one ticket.”
The festival also includes a charitable aspect: guests who bring canned goods or unexpired food items for FOOD Share will save money on admission.
“If they bring two items they can save $2,” Glenn said.
“Every community that we go into, we make sure that we support a charity — FOOD Share in Ventura County collects thousands of pounds of food to feed the homeless or those in need,” Glenn said. “We’re coming into the community and making money for our exhibitors … and it just seems the right thing to do and it’s always just a good partnership.”
Approximately 20 percent of the vendors are food related.
“They make dips, pasta, soup, candy, toffee — all the things that we can’t afford to eat because of our waistline but it doesn’t stop us from buying it,” Glenn said. “It’s very laid back and everybody just does their thing. There’s no pressure with it being in three buildings. It isn’t going to be so crowded that you can’t walk down the aisles.”
Local vendors who will be on site include Cicely Reeve, of Thousand Oaks, who makes hand-painted tiles; Connie Gunderson, of Ventura, who makes custom handbags; Pam Amputh, of Thousand Oaks, who makes jewelry out of forks; and Hannah Hogan, of Westlake Village, who makes fashion collars for dogs.
“What I enjoy most about the harvest festival in Ventura is … the show itself offers a wonderful variety of unique quality items,” said Reeve, who has participated in the event for 15 years. “This is a great show to begin your holiday shopping; it is where you will find useful and beautiful items made in America that you cannot find in any mall in America. The items you purchase at the show are so well made that 15 years down the road you will still enjoy them.
Lisa Swartley, a vendor at the harvest festival for the past 14 years, will be on site again this year with her gourmet soups and desserts which require adding water and other simple ingredients.
“We have 12 amazing flavors, cheddar jalapeno being our newest flavor this year,” said Swartley, of Moorpark. “Our cobblers and cheesecakes are so delicious and easy to prepare by just adding butter and water. Pumpkin cobbler is our most popular and great for the holidays and gifts.”
The Ventura Harvest Festival “is one of my favorites because it’s close to home and it’s on the beach,” Swartley added. “My family and friends are local enough to come enjoy the day and see me. There is shopping, entertainment, and good food all in one place. The people, atmosphere and surroundings just make you happy.”
Entertainment this year will include Dixieland musicians Big Mama Sue & Fast Eddie, and pop and country hits by the Hyjinx Duo. Strolling entertainment will feature WC Willy as Friendly Frankie, and Fables of the West, a cowboy comedy team known as “the little cowboys on the little horses.”
The country rock Mary White Band will perform on Friday and Saturday at noon, 2 and 4 p.m. and Sunday at 11:45 a.m., 1:45 and 3:45 p.m.
“We are a high-energy, feel-good, fun band that loves to involve the crowd,” said White, of Santa Clarita, who plays saxophone and acoustic guitar. “We have a wireless system so we get to go out in the crowd and play up close.”
The Mary White Band is performing for the second time this year at the Ventura Harvest Festival.
“It felt like a family last time we played there,” White said. “During our breaks, we get to shop for some cool stuff. We always support the vendors, like to give a little back of what we've been given.”
IF YOU GO
What: Ventura Harvest Festival Original Art & Craft Show
When: Sept. 30 through Oct. 2. Friday and Saturday 10 a.m. to 6 p.m.; Sunday 10 a.m. to 5 p.m.
Where: Seaside Park at Ventura County Fairgrounds, 10 W. Harbor Blvd. in Ventura
Tickets: Adults $9; seniors 62 and up $7; military $7; youths 13 to 17 $4; Kids 12 and under are free.
Information: 925-392-7300; www.harvestfestival.com


text:
HA NOI — Motorbike makers in Viet Nam produced 384,800 units last month, a year-on-year increase of 11.3 per cent, fuelled by discounts in retail prices, statistics released yesterday showed.
|A motorbycle shop on Ba Trieu Street, Ha Noi. Motorbike makers in Viet Nam produced 384,800 units last month, a year-on-year increase of 11.3 per cent, fuelled by discounts in retail prices. — VNS Photo Truong Vi
According to the General Statistics Office (GSO), the number of motorbikes sold saw a 16 per cent increase last month, which saw the inventory level for January drop to 31.4 per cent compared to last year's 41.7 per cent.
The revival of the motorbike sector was attributed to the mass discount of retail prices to trigger demand.
"There is no other way to ignite demand than by cutting retail prices," said Pham Manh Sy, general director of the Viet Phu company, a prominent Yamaha retailer in Ha Noi.
Sy told Viet Nam News that economic difficulties and increasing cases of motorbike fires had decelerated the market.
"However, the appeal of lower prices drew buyers back," he added.
Sy said retail prices of some models were cut from 5 to 10 per cent.
Meanwhile, the country imported 5,000 complete-built-unit (CBU) motorbikes worth US$8 million last month, according to the GSO.
While the figure represents a 70 per cent rise in volume and 100 per cent increase in value over December 2011, it also represents a 69.5 per cent drop in volume and a 71 per cent decline in value over the corresponding period last year.
According to the Ministry of Transport, as many as 35 million motorbikes now run throughout the country.
Brand names fall
The Ministry of Industry and Trade predicted that Viet Nam would have a population of 99.6 million and 33.5 million motorbikes by 2020, or one motorbike for every 2.97 people.
Most big scooter brand names in Ha Noi have seen sharp decreases in sales prices, some experiencing drops of VND10 million ($476) lower than proposed prices.
At Honda's HEAD shops in Thanh Xuan and Dong Da districts, most selling prices have been lower than price tags. For example, the selling price of a Honda Vision was VND26.3 million ($1,252) while the price tag was VND28.5 million ($1,357).
Lead scooters have been sold at VND34-34.2 million ($1,619-1,628) against the proposed price of VND35 million ($1,666).
PCX scooters have seen the highest decrease among Honda's scooter range with a proposed sales price of VND59 million ($2,800) against the actual price of VND53 million ($2,500).
The prices of Yamaha scooters have also decreased. Nozza, the producer's best selling scooter, has been sold at VND33.5 million ($1,595) while the proposed price was VND33.9 million ($1,614).
The producer's Nouvou scooter has been sold at VND500,000 to VND1 million ($24-48) lower than its proposed price.
Most scooter retailers in the capital said it has been an unusually quiet time for the market. A scooter trader in Hue Street said several people rushed to buy motorbikes before the end of last year to avoid increasing fees of registration.
A HEAD retailer in Giai Phong Street said the number of scooters provided from producers to retailers had risen, causing a surplus of products due to low demand. — VNS


text:
Nintendo president Satoru Iwata has taken a pop at publishers for the way they price their games, criticising the current system where retailers cut the price of titles soon after they launch.
Speaking during a corporate management briefing, Iwata said: "We believe that each software should have its own price point depending on its volume, theme, contents or energies and time spent for the development, namely, the development costs.
"Once the suggested retail price is announced, we should stick to it," he added.
At the moment, publishers aren't keen to release games with lower price points, since they're worried retailers and gamers will assume they're of a lower quality.
But Iwata believes this does more harm than good: "If the suggested retail price of any and all software is marked down in 6 months or 9 months, the customers will learn the cycle and wait for the discounting," he explained, "Which will simply aggravate the decreasing sales of new software."


text:
Aiming for a bigger market share, public sector auto maker Scooters India is exploring options to launch new products.
"Your company is evaluating various new product development options to cater to various market segments with a view to higher production and sales," Scooters India Ltd (SIL) said in its Annual Report for 2010-11.
It, however, did not share further details such as whether the products will be a three-wheeler or two-wheeler and when it is likely to be introduced in the market.
The company is planning new launches even as it has incurred losses for over nine years. It is also scouting for a buyer.
In the report, the company said it has not paid salaries to the tune of Rs 4.62 crore to its employees during the last financial year. It also defaulted in paying back Rs 14.42 crore of loans and interests to the government as on March 31 this year.
Talking about workers and its salaries, the auditors said in the report, "The company has made statutory contravention by defaulting on salary and wages amounting to Rs 294.45 lakh and therefore not depositing Rs 167.53 lakh of PF/pension to the trust/PF authorities."
The company accepted that its relationship with workers were not cordial during 2010-11 as it "continued to be under stress" due to non-fulfilment of employees' aspirations.
"The aspiration of employees regarding wage revision and retirement age could not be fulfilled due to company's poor financial health," it added.
The retirement age has been increased to 60 years now from 58 years earlier, it said.
Besides, the company has also defaulted in repayment of debt that was taken from the Central government.
"Due to continuing losses, the company has not repaid principal amount of Rs 787.20 lakh and interest of Rs 658.58 lakh as on March 31, 2011," SIL said.
It also defaulted in repaying the instalment of term loan of Rs 37.32 crore and interests of Rs 9.42 crore, payable to Government of India.
Earlier in May this year, the Cabinet had approved divestment of the government's entire 95.38% stake in SIL, which has been suffering losses since 2002-03 and its entire networth completely eroded by 2008-09.
In March 2009, the company was declared sick and went to the Board for Reconstruction of Public Sector Enterprises (BRPSE). As on 2010-11, it had a net loss of Rs 17.11 crore.
Incorporated in 1972, SIL started commercial production of scooters under the brand name of 'Vijai Super' for domestic market and 'Lambretta' for overseas market.
Later, it ventured into three-wheelers with the 'Vikram' brand. However, in 1997 the firm stopped two-wheeler production and has since been into manufacturing and marketing 3-wheelers only.


text:
Black Buffalo 3D, an emerging additive construction (AC) startup, announced a strategic partnership with FITTLE, Xerox’s equipment financing arm. Through the alliance, FITTLE will help make it easier for Black Buffalo customers to purchase the company’s concrete printing solutions.
Black Buffalo’s signature products are the NEXCON series of printers and Planitop, a proprietary cementitious material. The company also sells a variety of other AC materials, including wood and metal, along with premolds and castings.
The AC sector needs to rapidly scale up over the next decade, and not just for the success of the interests involved. From a much larger perspective, this is simply the timeline that will be necessary, in order for the technology to truly be able to make a significant impact on the multidimensional housing crisis.
As such, occupational training and financing are probably the two biggest focal points that need to be addressed, in order to make possible all of the other progress the sector needs to make. As the leadership from Black Buffalo points out, partnering with a corporate giant like Xerox is a good way to instill faith in one’s customer base. In addition, it should also instill faith in everyone who is hopeful for the success of AC.
It is unclear exactly when Black Buffalo formed, but there seems to be no record of the company prior to 2020. Assuming it was established around that time, Black Buffalo has certainly been quite busy, despite its brief history. Recently, the company even partnered with the US Department of Housing and Urban Development (HUD) to display the NEXCON at the National Mall, as part of HUD’s Innovative Housing Showcase.
Given that Xerox has strong ties to the federal procurement supply chain, Black Buffalo clearly has an opportunity to continue building upon its relationship with the government. That is crucial, as public spending is another factor that is going to be indispensable in pushing the sector’s growth forward.
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text: Later on, the FBI investigated the matter. In a DNS cache poisoning attack, a pharmer targets a DNS server and changes the IP address associated with an alphabetical website name. Given the success rate of phishing attacks, phishing emails will continue to be a growing problem for business and consumers alike. TechCo says that when you try the links they donât go anywhere and thatâs a dead giveaway. As users become wiser to traditional phishing scams, some fraudsters are abandoning the idea of “baiting” their victims entirely. David Bisson has contributed 1,745 post to The State of Security. Instead, they are resorting to pharming. Pyments.com highlights the scary fact that many of these fake invoices get paid but never reported. Here are some common techniques used in vishing attacks: In mid-September 2020, managed care health organization Spectrum Health System published a statement warning patients and Priority Health members to be on the lookout for vishing attacks. This spear phishing attack was targeted to campus academic staff. Real-life spear phishing examples. Note: This article on phishing email examples was originally written by Patrick Nohe on June 11, 2019. Hereâs a rundown of some of those attacks, whatâs been happening and the cost to the companies that got attacked. Indeed, Barracuda Networks observed that phishing emails using the pandemic as a theme increased from 137 in January 2020 to 9,116 by the end of March—a growth rate of over 600%. Whaling is not very different from spear phishing, but the targeted group becomes more specific and confined in this type of phishing attack. Phishing is constantly evolving to adopt new forms and techniques. Phishing is a type of attack that is aimed at collecting usernames, passwords and other personal information of users. A year later, Proofpoint revealed that it had detected a pharming campaign targeting primarily Brazilian users. Those malicious actors sent out phishing emails urging organizations to update their business partner contracts by downloading an attachment. Phishing is the fraudulent practice â¦ Photo via Shutterstock Phishing attacks are showing no signs of slowing. Click on the link and youâll wind up at an even more convincing website. That website collects login credentials from the victim when they try to authenticate themselves and sends that data to the attackers. Successful exploitation enabled the malicious actors to perform MitM attacks. The campaign’s attachment subsequently redirected recipients to a fake Office 365 login page that showed their username pre-entered on the page, thereby further creating the disguise that the portal was an internal company resource. But clicking on the document simply redirected the victim to a fake Microsoft login page. Phishing attack examples The following illustrates a common phishing scam attempt: A spoofed email ostensibly from myuniversity.edu is mass-distributed to as many faculty members as possible. Spear phishers can target anyone in an organization, even executives. One of the things that most insidious about this phishing scam is the hackers have copied the formatting and colors of a legitimate Facebook email almost perfectly. In these scams, fraudsters try to harpoon an exec and steal their login details. Many of these websites likely used coronavirus 2019 (COVID-19) as a lure. Examples of Phishing Attacks Examples of Whaling Attacks. Could Universities’ Use of Surveillance Software Be Putting Students at Risk? In this ploy, fraudsters impersonate a legitimate company in an attempt to steal people’s personal data or login credentials. It’s also crucial that they are familiar with some of the most common types of techniques that malicious actors use to pull off these scams. It only takes one successful phishing attack â¦ Like most â¦ That operation affected over 300,000 small business and home office routers based in Europe and Asia. It was more than three years later when Lithuanian Evaldas Rimasauskas received a prison sentence of five years for stealing $122 million from two large U.S. companies. The supervisory board of the organization said that its decision was founded on the notion that the former CEO had “severely violated his duties, in particular in relation to the ‘Fake President Incident.’” That incident appeared to have been a whaling attack in which malicious actors stole €50 million from the firm. But if youâre careful, you â¦ Using the guide above, organizations will be able to more quickly spot some of the most common types of phishing attacks. Given the amount of information needed to craft a convincing attack attempt, it’s no surprise that spear-phishing is commonplace on social media sites like LinkedIn where attackers can use multiple data sources to craft a targeted attack email. On the contrary, a report from Google found that phishing websites increased by 350% from 149,195 in January 2020 to 522,495 just two months later. Google even published a security blog last month warning businesses that use G-suite to be vigilant for hackers looking to steal their passwords. Some ruses rely more on a personal touch. The most successful phishing attack examples often involve a combination of different social engineering tactics and can involve the impersonation of CEOS or company executives, â¦ In the event their attack proves successful, fraudsters can choose to conduct CEO fraud. Examples of phishing attacks The following is a common phishing scam attempt: A noticeably forged email from firstname.lastname@example.org is sent to as many customers as possible. Even so, that doesn’t mean they will be able to spot each and every phish. The SMS messages appeared as though they had arrived at the wrong number, and they used a fake Apple chatbot to inform the recipient that they had won the chance to be part of Apple’s 2020 Testing Program and test the new iPhone 12. In its 2020 Data Breach Investigations Report (DBIR), for instance, Verizon Enterprise found that phishing was the second topmost threat action variety in security incidents and the topmost threat action variety in data breaches. It’s important that all companies know how to spot some of the most common phishing scams if they are to protect their corporate information. Finally, they should stay on top of security upgrades issued by a trusted Internet Service Provider (ISP). This is a business phishing scam that popped up last month and can do some damage to your business if youâre not careful. â¦ Bokbot is a banking trojan that includes a complex piece of code written to trick victims into sending sensitive information â¦ Â© Copyright 2003 - 2020, Small Business Trends LLC. The â¦ The attacker will usually â¦ Companies should also invest in solutions that analyze inbound emails for known malicious links/email attachments. It was less than two weeks later when a report emerged on WFXRtv.com in which Montgomery County officials warned residents of the Virginia community to beware of scams involving Social Security Numbers. Real-World Examples of Phishing Email Attacks One common thread that runs through all types of phishing emails, including the examples below, is the use of social engineering tactics. Another popular phishing attack is the Netflix account on-hold trick. For more information on how your company’s personnel can spot a phish, please click here. In the event that the victim complied, the campaign sent them to a phishing kit that used a fake OWA login page hosted on a Russian domain to steal victims’ Microsoft credentials. Itâs hard to escape them. Provided below are some of the most common techniques used in spear phishing attacks: In the beginning of September 2020, Proofpoint revealed that it had detected two spear-phishing attack campaigns involving China-based APT group TA413. Any emails â¦ RSA phishing email example. Infusionsoft Rebrands as Keap With Software to Streamline Client Tasks for Small Businesses, 61% of Businesses Have Experienced a Cyber Attack Over the Past Year, 10 Phishing Examples in 2017 that Targeted Small Business, 10 Things Small Businesses Should Do Immediately to Protect Their Websites from Cyber Attack, Why Double Opt-In Isnât Counterproductive for Your Email Marketing, Symantecâs Internet Security Threat Report 2018, 8 Low-Cost File Sharing Services for More Efficient Teams, How Technology is Helping Small Businesses Survive During COVID-19, 55 Features Every Business Website Should Have (INFOGRAPHIC). Out of the different types of phishing attacks, Spear phishing is the most commonly used type of phishing attack â on individual users as well as organizations. The second targeted Tibetan dissidents with a PowerPoint presentation entitled “TIBETANS BEING HIT BY DEADLY VIRUS THAT CARRIES A GUN AND SPEAKS CHINESE.ppsx.” Both delivered payloads of a new infostealer family called Sepulcher. Digital fraudsters show no signs of slowing down their phishing activity in 2020, either. Companies should also deploy anti-virus software on all corporate devices and implement virus database updates on a regular basis. That’s the logic behind a “whaling” attack. Some even go so far as to threaten your company with a negative attack if you donât keep the payments up. RSA Malware Phish â source 16. In the beginning of September 2020, for instance, PR Newswire shared research from the CERT at Retarus warning organizations to be on the lookout for attackers impersonating contract partners. More scammers and hackers working the Internet are targeting your small business with phishing attacks. Phishing Attack 101: Techniques and Examples to Avoid Getting Hooked December 10, 2020 by Jason Sumpter What is Phishing? They warn small businesses on their website that one of the most common scams appear to come from ISPs. The piece, which was updated with lots of new content and screenshots, was re â¦ As reported by Naked Security in December 2019, Rimasauskas staged whaling attacks in 2013 and 2015 against two companies by sending out fake invoices while impersonating a legitimate Taiwanese company. The operation had used four distinct URLs embedded in phishing emails to prey upon owners of UTStarcom and TP-Link routers. Customers of Sun Trust might well fall for this phish because the site looks comfortingly â¦ The operation’s attack SMS messages informed recipients that they needed to view some important information about an upcoming USPS delivery. Those emails frequently use threats and a sense of urgency to scare users into doing what the attackers want. That means an attacker can redirect users to a malicious website of their choice. In actuality, the link redirects to a website designed to impersonate PayPal’s login page. What is phishing? Ransomware phishing email examples If you or one of your employees clicks through, youâll be sent to another website thatâs downloading malware for the time youâre on it. Executive phishing â the newest security threat sweeping the nation, Your email address will not be published. Whaling. To protect against this type of scam, organizations should conduct ongoing employee security awareness training that, among other things, discourages users from publishing sensitive personal or corporate information on social media. Until now, we’ve discussed phishing attacks that for the most part rely solely on email as a means of communication. Thatâs because more and more of them appeared to be state-sponsored. Thatâs the numbers for small businesses specifically. The success of a deceptive phish hinges on how closely the attack email resembles a piece of official correspondence from the abused company. Phishing â¦ The attack email used spoofing techniques to trick the recipient that it contained an internal financial report. With phishing scams on the rise, businesses need to be aware of the various attacks in circulation and how to be prepared if they fall victim to a malicious cyber-attack. Not all phishing scams embrace “spray and pray” techniques. It might look like an innocent enough email telling you thereâs a message waiting for you to click on the link, but of course you shouldnât.eval(ez_write_tag([[580,400],'smallbiztrends_com-large-leaderboard-2','ezslot_2',151,'0','0'])); Itâs important to keep in mind the projected cost for these kind of phishing scams and other malware is $6 trillion by 2021, according to experts. The Manhattan court that handed down the sentence also ordered Rimasauskas to serve two years of supervised release, forfeit $49.7 million and pay $26.5 million in restitution. However, thereâs another scam out there and thatâs fake SEO services. The â¦ Smishing messages remain less prevalent than phishing attacks that arrive via email. Ryuk and Convenience Stores â¦ An attack on the financial industry. Companies and individuals are often targeted by cybercriminals via emails designed to look like they came from a legitimate bank, â¦ However, according to Proofpoint Security Awareness, the number of smishing attacks is growing. It was a short time later when Naked Security released a report of a smishing campaign targeting Apple fans. This screenshot shows an example of a phishing email falsely claiming to be from a real bank. Whaling attacks commonly make use of the same techniques as spear phishing campaigns. This is an epic example of a malware based phishing attack. This method leverages malicious text messages to trick users into clicking on a malicious link or handing over personal information. This is another phishing scam. From texts imitating banks, to email campaigns encouraging people to part way with their personal data, phishing attacks are everywhere and phishing examples are too. We're about to get the latest numbers on phishing â¦ Vade Secure highlighted some of most common techniques used in deceptive phishing attacks: As an example, PayPal scammers could send out an attack email that instructs recipients to click on a link in order to rectify a discrepancy with their account. Some of these scams are things you need to watch out for all year. A recent security alert details how at least three American organizations were hit by the malware in phishing attacks that delete backup files. It therefore comes as no surprise that more than a fifth (22%) of data breaches analyzed by Verizon Enterprise’s researchers involved phishing in some way. Law firms, convenience store chains and even medical facilities have been reportedly attacked. Phishing attacks continue to play a dominant role in the digital threat landscape. Spear phishing is a targeted form of phishing attack which involves tricking an individual or business into giving up information that can be used as part of a scam. Towards that end, we at The State of Security will discuss six of the most common types of phishing attacks as well as provide useful tips on how organizations can defend themselves. With that in mind, it’s imperative that organizations conduct security awareness training on an ongoing basis so that their employees and executives can stay on top of phishing’s evolution. In actuality, the operation simply used a fake web portal to steal its victims’ payment card credentials. Less than a month after that, researchers at Cofense spotted an email campaign that pretended to originate from a security awareness training provider. These can generally promise you a number one ranking you wonât get. The primary underlying pattern is the fraudulent misuse of sensitive data to steal and to extort. It is usually in the form of an email or a message that contains a link or â¦ Alternatively, they can leverage that same email account to conduct W-2 phishing in which they request W-2 information for all employees so that they can file fake tax returns on their behalf or post that data on the dark web. Small Businesses need to know the lending institutions they deal with are secure. To protect against pharming attacks, organizations should encourage employees to enter in login credentials only on HTTPS-protected sites. "Small Business Trends" is a registered trademark. â¦ Malicious actors mine that data to identify potential marks for business email compromise attacksâ¦ Users can help defend against smishing attacks by researching unknown phone numbers thoroughly and by calling the company named in the messages if they have any doubts. Email is undoubtedly a popular tool among phishers. The potential destructiveness of a spear phishing attack for a business is shown clearly in the case of Ubiquiti Networks Inc., an American network technology company for service providers and enterprises. What are Examples of Phishing? Yet the goal is the same as deceptive phishing: trick the victim into clicking on a malicious URL or email attachment so that they’ll hand over their personal data. Vishing isn’t the only type of phishing that digital fraudsters can perpetrate using a phone. Skip to navigation ↓, Home » News » 6 Common Phishing Attacks and How to Protect Against Them. As the second phase of a business email compromise (BEC) scam, CEO fraud is when attackers abuse the compromised email account of a CEO or other high-ranking executive to authorize fraudulent wire transfers to a financial institution of their choice. It asks you to click a link and give your details to reactivate your account. By seeing what happened to others, youâll know what to do with your business. Whaling attacks work because executives often don’t participate in security awareness training with their employees. Phishing Examples Take a look at the following ten phishing examples â¦ They used this disguise to try to pressure individuals into handing over their information, money or account access. The realistic looking email says thereâs an update required. Categories Featured Articles, Security Awareness, Tags business email compromise, CloudPages, Data Breach Investigations Report, LinkedIn, pharming, Phishing, whaling. eval(ez_write_tag([[300,250],'smallbiztrends_com-large-mobile-banner-1','ezslot_7',146,'0','0'])); You can really learn better with examples. That’s the case even if the victim enters the correct site name. Skip to content ↓ | 7 Ways to Recognize a Phishing Email and email phishing examples. Fake invoicing has been around for a while. Take vishing, for example. LinkedIn Phishing Attacks LinkedIn has been the focus of online scams and phishing attacks for a number of years now, primarily because of the wealth of data it offers on employees at corporations. This warning indicated that those individuals responsible for the attack had masqueraded as employees of Spectrum Health or Priority Health. Deceptive phishing is by far the most common type of phishing scam. This method of phishing leverages cache poisoning against the domain name system (DNS), a naming system which the Internet uses to convert alphabetical website names, such as “www.microsoft.com,” to numerical IP addresses so that it can locate and thereby direct visitors to computer services and devices. Here are a few additional tactics that malicious actors could use: Back in May 2016, Infosecurity Magazine covered Austrian aerospace manufacturer FACC’s decision to fire its CEO. Examples of Vishing Attacks They can also conduct what’s known as smishing. Included below are some pharming tactics identified by Panda Security: All the way back in 2014, Team Cymru revealed that it had uncovered a pharming attack in December 2013. 5 Key Security Challenges Facing Critical National Infrastructure (CNI), From a Single Pane of Glass, to Functional Dashboards to Manage Cyber Risk, Survey: 78% of Retailers Took Additional Security Precautions Ahead of the 2020 Holidays, Lessons from Teaching Cybersecurity: Week 11. Cybercriminals are continuously innovating and becoming more and more sophisticated. Less than a week later, Armorblox explained that it had come across a phishing attack attempt against one of the top 50 innovative companies in the world in 2019. This campaign ultimately instructed victims to pay a delivery charge. With research showing a new mobile phishing â¦ They should also look out for generic salutations, grammar mistakes and spelling errors scattered throughout the email. Another classic example is a phishing email from Netflix that says âYour account has been suspendedâ. Ultimately, the campaign used man-in-the-middle (MitM) attacks to overwrite victims’ DNS settings and redirect URL requests to sites under the attackers’ control. A phishing attack specifically targeting an enterpriseâs top executives is called whaling, as the victim is considered to be high-value, and the stolen information will be more â¦ We’ve seen these types of campaigns make headlines in recent years, as well. In this type of ploy, fraudsters customize their attack emails with the target’s name, position, company, work phone number and other information in an attempt to trick the recipient into believing that they have a connection with the sender. Phishing Example: Spear Phishing Attack "Articles" January 2, 2016. The rise of phishing attacks poses a significant threat to all organizations. All rights reserved. Phishing attacks are a cybercrime where users are tricked into sharing their personal data, such as credit card details and passwords, and giving hackers access to their devices, often without even knowing theyâve done so.Itâs essentially an infection that attacks â¦ Recent Examples of Deceptive Phishing Attacks As an example, PayPal scammers could send out an attack email that instructs recipients to click on a link in order to rectify a discrepancy with their account. Thereâs even more information this scam has migrated to attack other banks as hackers try and take over your personal and small business information too. Whaling is such a worst and dangerous attack that attackers attacked the account of the CEO of Snapchat. In June of 2015, the company lost $46.7 Million because of a spear phishing â¦ According to Symantecâs Internet Security Threat Report 2018, there was a 92% increase in the number of blocked phishing attacks reported. All of the above phishing scams use various attack methods and strategies to achieve very different goals. The operation’s attack emails warned the recipient that they only had a day left to complete a required training by clicking on a URL. 2 Comments â¼ Phishing attacks are emails or malicious websites (among other channels) that solicit personal information from an individual or company by posing as a trustworthy organization or entity. The attacker pretended to be the CEO of the company and asked the employees to send the data of payrolls. Defending yourself against the broad variety of phishing â¦ These hackers and scammers know small business is likely to pay quickly if they think their business website might be shut down. They do so because they wouldn’t be successful otherwise. Deloitte has done a study and they report most of the costs arenât apparent until some time after the attack. Everyone who has a small business understands the importance of getting a good ranking on Google. Weâve included phishing attack examples below followed by security practices that can help you prepare your users and organization. Phishing attacks are designed to appear to come from legitimate companies and individuals. Ryuk is a variation on the first Ransomware called Hermes. Ransomware is still a threat to businesses everywhere, but thereâs a variation thatâs emerged on the scene in September thatâs even trickier to deal with. Required fields are marked *, Founded in 2003, Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. Phishing Attack Examples Hereâs a rundown of some of those attacks, whatâs been happening and the cost to the companies that got attacked. Whenever a recipient clicked one of the URLs, the campaign sent them to a website designed to execute cross-site request forgery (CSRF) attacks on vulnerabilities in the targeted routers. 5. Organizations should also consider injecting multi-factor authentication (MFA) channels into their financial authorization processes so that no one can authorize payments via email alone. Webroot identified some techniques commonly used by smishers: News emerged in the middle of September of a smishing campaign that used the United States Post Office (USPS) as a lure. Perpetrators of spear phishing attacks will commonly send emails posing as a trusted institution their victim is known to frequent, such as Bank of America, Amazon, and eBay. This ransomware has even netted up to $640,000 according to the report.eval(ez_write_tag([[300,250],'smallbiztrends_com-medrectangle-3','ezslot_6',149,'0','0'])); The origins of these phishing attacks are causing more alarm in all business communities. Clicking on the link led them to various locations including a fake casino game as well as a website designed to steal visitors’ Google account credentials. Our mission is to bring you "Small business success... delivered daily.". This type of phishing attack dispenses with sending out an email and instead goes for placing a phone call. Here are just a few examples of phishing emails in use over the past year: [View Our Phishing Signs Infographic] The Urgent Request. 6 Common Phishing Attacks and How to Protect Against Them, United Kingdom’s National Cyber Security Centre, Continue Clean-up of Compromised SolarWinds Software, A Google Cloud Platform Primer with Security Fundamentals, The 10 Most Common Website Security Attacks (and How to Protect Yourself), VERT Alert: SolarWinds Supply Chain Attack. To counter the threats of CEO fraud and W-2 phishing, organizations should mandate that all company personnel—including executives—participate in security awareness training on an ongoing basis. Whatâs more, the url is garbled. Even so, fraudsters do sometimes turn to other media to perpetrate their attacks. To protect against vishing attacks, users should avoid answering calls from unknown phone numbers, never give out personal information over the phone and use a caller ID app. Remember, the domain can be a giveaway if itâs not the legitimate Facebook.com variety. Itâs even drawn the attention of the Federal Trade Commission. As a result, users should inspect all URLs carefully to see if they redirect to an unknown and/or suspicious website. The report specifically highlighted a surge of fraudsters conducting vishing attacks in which they informed residents that their Social Security Numbers were suspended and that access to their bank accounts would be seized unless they verified their data. To add legitimacy to their attack, the malicious actors made the documents look like they were hosted on the industry-leading transaction system Dotloop. Phishing attacks are one of the most common attacks â¦ The recipient was asked to share access to â¦ I will be doing this section a huge disservice if I didnât mention the RSA phishing that took place in 2009. Phishing is a form of social engineering â phishers pose as a trusted organization to trick you into providing information. As noted by Comparitech, an attacker can perpetrate a vishing campaign by setting up a Voice over Internet Protocol (VoIP) server to mimic various entities in order to steal sensitive data and/or funds. This solution should be capable of picking up on indicators for both known malware and zero-day threats. The first took place in March and targeted European government entities, non-profit research organizations and global companies associated with economic affairs by tempting recipients to open the WHO’s “Critical preparedness, readiness and response actions for COVID-19, Interim guidance” document.


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Yes, I’m turning Fortnum into everyone’s cup of tea
Ewan Venters has big plans for the royal grocer. He has opened a new store at St Pancras and is moving into the Middle East. What will the toffs say?
An hour into the interview, Ewan Venters snaps. “Look, let’s dispel this myth right now,” the boss of Fortnum & Mason says, interrupting our stroll through St Pancras International station in London to grab a menu from a Le Pain Quotidien cafe.
“The pains aux raisins here are £2.90. [Fortnum’s] English crumpets, beautifully presented on fabulous crockery, are £3.50. The orange juice here is £3.60. Ours is £4. We have to dispel the idea Fortnum is for toffs and tourists — actually we are quite competitive and a lot more accessible than the brand implies.”
Those are not adjectives most people would associate with the royal grocer, whose department store on Piccadilly opened 306 years ago when one of Queen Anne’s footmen joined forces with


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U.S. corn farmers are taking matters into their own hands when it comes to pushing for passage of the TransPacific Trade Partership trade deal.
A report released Monday by the BMO Financial Group, a Montreal-based financial services organization, said that the Canadian food and beverage industry would be highly vulnerable if the North American Free Trade Agreement is ended, and that Canadian and U.S. crop producers would face a moderate level of vulnerability. […]Read More »
President Donald Trump looks at the merchandise trade imbalances listed below and says it’s time to reduce these imbalances with our trading partners. His contention is these trade imbalances are limiting U.S. growth, compromising trade relationships, constraining quality U.S. job creation, compromising U.S. security and the list goes on. […]Read More »


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Next Insurance is turning to Amazon’s business customer arm to boost the reach of its small commercial insurance policies.
The InsurTech has formed a partnership with Amazon Business Prime where eligible members can access customized digital small business insurance in a variety of areas. Business Prime members can obtain Next Insurance quotes and then quickly purchase insurance coverage in areas including General Liability, Professional Liability, Workers Compensation, Commercial Auto, and Tools and Equipment.
“We believe the future of the insurance buying experience involves meeting customers where they already are and making it easy to purchase customized and affordable policies,” Guy Goldstein, CEO of Next Insurance, said in prepared remarks. “We are proud to continue to be chosen by top companies, like Amazon, who understand the best way to serve small businesses is through digital solutions. With Amazon Business Prime, we are taking a large step toward providing greater access to seamless insurance coverage.”
For Amazon Business Prime customers, Next Insurance is offering an exclusive 10 percent discount for General Liability and Professional Liability policies.
Todd Heimes, director of Amazon Business Prime, said Amazon’s partnership with Next Insurance dovetails with its mission to help businesses streamline and save time in a cost-effective way.
“We believe Next Insurance offering products to Business Prime is another example of how this program provides value and benefits to members,” Heimes said in prepared remarks.
Next Insurance also works with Amazon in at least one other way. The company provides a primer in a March 11, 2021 blog posting detailing how Amazon sellers can buy Next Insurance to address the requirement for Amazon Seller Insurance.
Next Insurance explains in the posting that an Amazon seller with a Pro Merchant account and gross sales of $10,000 a month or more for three months in a row must have coverage. Sellers must buy $1 million in liability coverage, per occurrence and in aggregate, to meet Amazon’s sellers insurance requirements for Pro Merchants. Coverage includes products liability, bodily injury, personal injury and broad form property damage/contractual damage, the posting notes.
Next Insurance uses AI and machine learning to simplify the purchasing process, something it claims drives down costs by up to 30 percent compared to traditional policies. Founded in 2016, the company is headquartered in Palo Alto and has received a total of $631 million in venture capital funding to date.
Source: Next Insurance


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WASHINGTON DC: Federal Reserve research indicates that fewer than 200,000 U.S. companies may have failed during the first year of the COVID-19 pandemic, with a relatively small impact on unemployment, contrary to forecasts indicating that the pandemic would leave the American “main street” desolate.
About 600,000 companies, especially small businesses, are likely to fail in a given year, and US central bank researchers estimated that between March 2020 and February 2021 the figure has been 25 to 33. percent higher than normal.
Close contact services, such as hairdressers and salons, which the Fed research group said were hardest hit by the pandemic, included 100,000 “excessive” failures.
While it can be devastating for the owners and employees of these companies, “in relation to the popular discussion … our results may represent an optimistic update of views on pandemic-related business failure,” the authors.
On the other hand, restaurants leading to the grocery store, grocery stores and outdoor recreation companies reported fewer failures than usual, with the net result being a smaller decline than expected. for the economy in general.
“Many industries have probably seen lower-than-usual exit rates, and outgoing companies don’t seem to account for much of the U.S. employment,” the researchers wrote.
The study was the latest to reflect that the economic recovery was progressing faster than expected, with Fed officials confident that much of the possible permanent damage had been averted.
Fed researchers acknowledged that more failures could occur if, for example, banks, landlords and creditors become less flexible with their commercial tenants as conditions return to normal.
While the study does not take into account the millions of jobs lost to surviving firms or the disproportionate losses felt among racial or ethnic groups over represented in the most devastated industries, it suggests that small firms were more resilient than expected and were effectively favored with loans. of the Wage Protection Program (PPP) and other federal aid.
The Fed and the U.S. government flooded the economy with credit and direct subsidies to businesses and households last spring, prompting an increase in personal income, even as unemployment rose to historic levels.
Funding included $ 755 billion in forgivable PPP loans spread across more than 9.5 million companies.
Official government statistics on business failures often lag behind the actual demise of these companies for a year or more. The Labor Statistics Office of the Department of Labor and the Census Bureau of the Department of Commerce have not yet released any formal estimates of the final toll of the pandemic on companies and their workers.
To add to the scarce data, Fed researchers combined available government information with measures such as cell phone location data mapped to commercial locations, payroll processor records, ADP, and other sources.
They noted that while early fears about a great success of COVID-19 could have been justified, by the end of August “there was no evidence of excessive and continued business inactivity; in fact, the layoffs were very much below normal by the end of 2020 “.


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‘India’s Digital Superstars’ will have the audience judging who the next big digital star is
BestMediaInfo Bureau | Mumbai | January 21, 2015
Fremantle Media, known for producing international shows like ‘Indian Idol’ and ‘India’s Got Talent’ has partnered with Zenga TV, the mobile video streaming service, and One Digital Entertainment, the largest YouTube MCN of India, to announce the launch of a digital talent show called ‘India’s Digital Superstars' (www.Indiasdigitalsuperstar.com, www.youtube.com/c/IndiasDigitalSuperstar , www.zengatv.com/Indiasdigitalsuperstar ). It’s a first-of-its-kind digital talent hunt where the audience will be judging who the next big digital star is. The show is presented by Amazon.in, powered by Gionee, in association with Red FM.
This power-packed digital show with non-stop auditions, non-stop opportunity, 24/7 content and non-stop fun will be inaugurated by Atul Khatri (winner of CEO’s Got Talent – 2014), Salim Merchant, Anu Malik, Music Director duo Vishal-Shekhar, Director & Producer Anubhav Sinha, Bhoomi Trivedi and Swaroop Khan (singer - Tharki Chokro from ‘PK’). This will be a 14-week journey in search of a ‘Digital Superstar’ where musicians, DJs, comedians, mimicry artists, dancers, contortionists, jugglers, singers, acro-gymnasts and many more, across all ages, are welcome to participate. ‘India’s Digital Superstar’ will begin auditions from January 19, and will culminate with a finale in May. The winner will be given a contract worth Rs 20 Lakh from Fremantle Media and One Digital. The auditions are open to all Indians across the world.
Auditions will span across 13 weeks and the grand finale will be held in Mumbai. The Indiasdigitalsuperstar.com platform will encourage participants to upload multiple videos of the talent that they wish to showcase, and will they be judged by the audience through the number of views and likes across YouTube, Zenga TV and Facebook. Videos can be uploaded until a week before the finale night. The host will come online thrice a week - Mondays, Wednesdays and Fridays, for 10 continuous weeks, starting from the fifth week of audition.
Anupama Mandloi, Managing Director, Fremantle Media India, said, "After the super success of ‘Indian Idol’, ‘India's Got Talent’, we at Fremantle are delighted to launch a platform that will be accessible to everyone with internet access. Given that India is a priority market for us and a popular destination for many of our hit international brands, we want to continue driving our strategy of aggregating talent across media with ‘India's Digital Superstars’. We have been instrumental in sourcing, discovering and unleashing talent across television, and this is the obvious next step for us to take the talent hunt to the internet, which is a world unto itself.”
Manish Kalra, Director, Integrated Marketing, Amazon.in, said, “The digital medium democratises opportunities and choices, and enables easy access to them for everyone like no other medium. We are very excited to be a part of ‘India’s Digital Superstars’ and support this effort to celebrate the immense talent that is waiting to be discovered.”
Shabir Momin, MD & CTO, Zenga TV & One Digital added, “The youth today is hungry for exciting and engaging content and 'India’s Digital Superstar' is an opportunity where every moment will count and adrenal will be on the high. This gives everyone a chance to showcase talent from anywhere in the world and be the next start in this world which has no boundaries.”
Arvind R Vohra, India Head - Gionee Smartphones, said, "Digital as a platform is connected to the youth of this country. ‘India’s Digital Superstars’, as a digital platform, is the first in the country which creates the opportunity for the youth to showcase the talent and get recognised. We are proud to be associated with it as this allows the youth to follow their passions and this has got a great synergy with our brand, as we also want our consumers to follow the passions and we help them as an enabler for it."
Gurpreet Singh, COO & Co-founder, One Digital Entertainment, said, “With the unique format of the show, specially created for the digital platform, ‘India's Digital Superstars’ will create opportunities for Indians globally to showcase their talent without having to stand in queues or reach specific locations at a specific time. Moreover, the show is not about highlighting only a couple of contestants, but we want to showcase as many talented Indian creators, and that is why the call for entries never stops during the show. As long as the show is on, people can participate and stand a chance to win."


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Brighter sales of jDome® increases by 200 percent.
Brighter sales of products in jDome series have increased significantly during 2015. The Company recently signed a several new contracts, among others, with the municipalities of Växjö and Robertsfors. The success means Brighter sales of jDome products so far this year, in terms of revenue, has increased by 200 percent compared to 2014. In order to meet the large demand Brighter started to recruit new sales representatives.
Although Brighter has been very successful with its sales efforts regarding jDome there is significant market potential, which means that the opportunities for growth are very large. According to Company estimates there are about 2,000 homes for the elderly in Sweden and about 5,000 in the Nordic countries. If you look at the global potential it is enormous.
- Until now, Sweden has, naturally, been our main focus. But we have started developing the other Nordic countries in parallel, and we believe that Denmark is the most interesting market at present. But we are not satisfied with this, the next step is to prepare for the expansion beyond the Nordic countries, which means that we will open up a gigantic global market for jDome, says Truls Sjöstedt, Brighter's CEO and founder.
The increase in demand for jDome’s products is steady and today Brighter cannot attend to all of this demand. Therefore, the Company is now in the process of recruiting new resources in the sales organization.
- Currently we have time to work on only the requests we receive in the dementia segment, but there are so many more treatment segments and health care facilities that demand our product. With a larger sales force, we will increasingly be able to utilize the potential that we see for jDome’s different products, says Truls Sjöstedt.
During the year jDome has been part in a number of pilot projects. The findings of a project in Västerås was published earlier this fall in a report by the Swedish Agency for Participation - "Welfare technology and environmental adaptations" (in Swedish). The report highlighted some good examples in special housing and day activities, which included jDome. The agency also released another report that recommends jDome - "Technical developments in the care of people with impaired decision-making ability" (in Swedish).
- JDome products have an incredible impact and the positive mentions from the Swedish Agency for Participation has increased the interest even more. It is amazing to see that jDome adds so much to the users, their families as well as to the staff. With these recommendations and the positive feedback we receive from our customers, we are confident that we will see continued sales success in the future, says Truls Sjöstedt.
Questions? Please contact:
Henrik Norström, COO
Phone: 46 733 40 30 45
Truls Sjöstedt, CEO
Phone: 46 709 73 46 00
About Brighter AB (publ).
Brighter develops solutions for data-driven and mobile health services. Through its intellectual property and innovative tools, jDome® and Actiste™, the company creates a more efficient care chain with focus on the individual. The goal is to simplify, streamline and enhance the information flow of relevant and reliable data between the patient and health care professionals. Brighter is initially focused on diabetes care and care for the elderly, but there are opportunities in the future to operate on a broader level, spanning more diseases and treatment approaches. This is done through The Benefit Loop ™, Brighter’s cloud-based service that continuously collects, analyzes and shares data on the user's terms.
The Company's shares are listed on NASDAQOMX First North/BRIG.
Visit our website and subscribe to press releases: www.brighter.se/en.


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SINGAPORE - Private sector economists have raised their outlook for Singapore's economy this year, after growth in the third quarter came in slightly better than expected, and buoyed by stronger hopes for electronics-led manufacturing.
They now expect gross domestic product to increase by 0.7 per cent in 2019, up from 0.6 per cent in the previous survey in September, according to the latest quarterly poll of professional forecasters by the Monetary Authority of Singapore released on Wednesday (Dec 11).
This comes on the back of the Ministry of Trade and Industry (MTI) announcing last month that the economy is expected to grow by 0.5 to 1 per cent this year, when it raised the lower end in the previous forecast range of 0 to 1 per cent growth.
The Singapore economy expanded by 0.5 per cent in the third quarter compared with the same period last year, beating the estimate of 0.3 per cent projected by private economists in the September survey.
Economists polled now say they expect growth in the fourth quarter to come in at 1 per cent year on year.
They tip growth to rise to 1.5 per cent next year, down slightly from 1.6 per cent previously. However, the range of forecasts has tightened to 1.5 to 1.9 per cent, from 1 to 1.9 per cent. The Government's own forecast is for 0.5 to 2.5 per cent growth in 2020.
The economists in the latest survey are more optimistic about manufacturing, expecting the sector to shrink by 1.4 per cent this year - a big improvement from the 2.4 per cent contraction predicted in the previous survey. On average, economists see a manufacturing recovery next year - with a median forecast of 0.7 per cent growth.
CIMB Private Banking economist Song Seng Wun said: "We are cautiously optimistic that manufacturing, which has been the main drag on the economy, may have bottomed out in the third quarter. The lower base of comparison going forward may also help a better showing. The economy is also still supported by stable contribution from the services side."
While they still cite the further escalation of trade tensions as the biggest risk, similar to the previous survey, they see a stronger-than-expected upswing in the global tech cycle helping to boost manufacturing. Half of the economists polled see this as an "upside risk", up from 33 per cent previously.
Economists have raised the prospects of the global electronics cycle turning around in 2020 as the roll-out of 5G wireless technology drives chip demand.
Associate Professor Lawrence Loh of the National University of Singapore Business School said: "On the demand side, the coming months will see even more companies moving into automation and digitalisation.
"On the supply side, technology providers will be able to offer new technologies now, especially those driven by higher speeds through 5G."
However, economists continue to worry about a sharper-than-expected slowdown in China's economic growth and weaker global growth while holding out hopes for the easing of trade tensions and the effects of fiscal stimulus at home and abroad, the MAS survey shows.
Apart from the key manufacturing sector, economists also raised their forecasts for other parts of the economy, namely construction, private consumption, non-oil domestic exports and accommodation and food services.
They expect accommodation and food services to grow by 1.9 per cent, an improvement over the 0.8 per cent forecast in the previous survey.
However, their projections for the finance and insurance industry dropped slightly to 4.1 per cent, from 4.3 per cent in the earlier survey.
They also expect wholesale and retail trade to shrink by 3 per cent, compared with the 2.8 per cent slide forecast in September.
Besides GDP growth, economists also downgraded their expectations for overall inflation and core inflation. Respondents expect overall inflation to come in at 0.6 per cent, down from an earlier prediction of 0.7 per cent.
They expect core inflation to come in at 1.1 per cent, down from 1.2 per cent in September.
They also foresee the Singapore currency strengthening nearly 2 per cent against the US currency, from $1.388 per US dollar to $1.363.
The three-month Singapore Interbank Offer Rate (Sibor) - the benchmark for the pricing of most home loans - is expected to rise from 1.65 per cent in the September survey to 1.70 per cent.
A total of 22 private sector economists and analysts responded to the survey conducted last month.


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Unfortunately if you wanted a 256GB iPhone, it looks like your only choices are with the iPhone 8, 8 Plus, or the iPhone X. Prior to this, Apple had offered users the option to purchase a 256GB iPhone 7 but according to a report from Mashable, it looks like the 256GB iPhone 7 has since been discontinued. Mashable has since confirmed this by speaking to an Apple customer service rep who told them that they no longer offer that option to customers.
It is unclear why Apple decided to kill off the 256GB iPhone 7 model, but presumably it is to entice customers who are looking for more storage to turn to Apple’s newer iPhone models. As it stands there have been reports that the iPhone 8 and 8 Plus aren’t selling as well as Apple would like, so maybe the company thinks that by getting rid of an older option, customers who need the storage will turn to the new iPhones instead.
Either way if the iPhone 7 is still something you’re interested in, note that it is now only being offered in 32GB and 128GB storage options.


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Deposit Return Scheme comes under fire at MDC
THE new Deposit Return Scheme, where a surcharge of 25 cent was imposed on plastic bottles and tin cans, has been branded ‘farcical’ by members of Ballinasloe Municipal District Council.
Launched throughout the country earlier this month, the subject of the scheme was raised at last week’s MDC meeting, where Cllr Tim Broderick said rural communities were being left out of the Re Turn scheme due to the fact that small businesses couldn’t afford to install the reverse vending machines required to give refunds to customers.
He has called on the government to provide funding to Galway County Council so that the machines can be provided to allow equal access to the scheme.
“These machines cost €20,000, which is beyond most small businesses and it’s absolutely farcical to insist on bottles and cans being recycled in this way when most people already have blue recycling bins,” he said...
For more, pick up this week’s Tuam Herald or log onto our digital edition HERE