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Intel Declines; Is it the End for PC Component Makers?
The latest company citing economic weakness as a headwind is Intel Corporation (NASDAQ/INTC). The firm drastically lowered its forecast for the third quarter based on a dramatic decline in demand, which the firm believes stems from a weakening global economy. While we have seen commodity stocks, such as iron ore producers, suffer in a weakening global economy, it now appears that technology stocks are feeling the brunt.
Some have hoped that technology stocks might be able to weather this latest economic storm because of the ability of new technologies to increase productivity without having to hire additional workers. Increased levels of productivity are one of the strongest selling points for technology stocks.
A large portion of Intel’s sales goes into the personal computer (PC) market. With PC makers lowering orders ahead of the holiday season, it becomes apparent that consumers have shifted away from traditional computers and are now opting for tablets. The environment for technology stocks continues to evolve, and it appears Intel is still relying on the consumer trends of yesterday.
Some might be thinking that PC sales are only slow ahead of the launch of the new operating system created by Microsoft Corporation (NASDAQ/MSFT). This might be the case; however, it is a dangerous time to trade technology stocks based on such a hunch. I would suggest waiting to see some early indications of adaptation of the new operating system and whether it will translate into substantially higher PC sales. Personally, I would focus on technology stocks for tablets and smartphones, as this segment appears to be the market segment for growth.
Chart courtesy of www.StockCharts.com
Intel has clearly been on a decline from its highs in early May. One will note that in early August the stock broke up through the downward-sloping trendline, a key point in technical analysis. However, the stock then subsequently fell through the trendline. In technical analysis, a failed breakout is a powerful signal that momentum cannot be sustained at current levels.
Technical analysis also indicates that, considering the stock could not hold its 50% retracement level, more selling was in order. As we currently see today, the stock did indeed fail to hold the 50% retracement level, as more shares have been dumped into the market.
Technical analysis certainly values the trendline as an extremely important indication of where the line of least resistance is likely to be. Technology stocks, such as Intel, in the traditional PC space are going to see tremendous headwinds over the next few quarters. While technical analysis indicates this thesis is likely, so does common sense.
With a global economy that continues to weaken and a shift by consumers into tablets and smartphones, I think it is going to be extremely difficult for technology stocks in the PC sector to outperform. Technical analysis would indicate that there might be significantly more selling pressure over the next few weeks.


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India’s Electric Motorcycle Market in YTD June 2021: New Registrations Reached 32,000 Units
In India, the world’s largest motorcycle market, sales of electric motorcycles are gradually expanding. The number of newly registered electric motorcycles that require vehicle registration reached a record high of about 32,000 units in the first six months of 2021. The ratio of electric motorcycles to the total number of newly registered motorcycles during the same period was a mere 0.6%. However, due to the increase in purchase subsidies offered the Indian government and the growing number of new players in the sector, interest in the electric motorcycle market is increasing.
The Society of Manufacturers of Electric Vehicles (SMEV), a local industry group, has announced that the number of electric motorcycles sold in FY 2020-21 (ending March 2021) was 144,000 units. However, this number includes many low-speed electric scooters (maximum speed 25 km/h or less) that do not meet motorcycle standards and do not require registration. It should be noted that the SMEV’s announcement for FY 2020-21 shows that low-speed type accounted for 103,000 units and high-speed type for 41,000 units.
In this report, in order to understand the market size of electric motorcycles that compete with conventional motorcycles and require vehicle registration, the new automobile registration database VAHAN managed by the Ministry of Road Transport and Highways (MoRTH) of India was used for calculation. Based on this data, the number of newly registered electric motorcycles for the full year of 2020 decreased 1.7% from the previous year to 27,000 units. Compared to the entire motorcycle market, which fell about 23% due to the outbreak of the new coronavirus, it can be said that the electric motorcycle market remained firm. In the first half of 2021, sales skyrocketed 3.2 times year-on-year to 32,000 units, partly due to impact of the pandemic on sales in the first six months of 2020.
The Indian government decided to increase the purchase subsidy in June 2021 for the purpose of promoting sales of electric motorcycles. The purchase subsidy, which used to be 10,000 INR per 1kWh of installed battery capacity, has been raised to 15,000 INR.

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It is true that Bangladesh witnessed heightened economic activity during the 15-year rule of the Sheikh Hasina government. But is her government guilty of inflating the numbers to hide the apparent weaknesses of the economy?
According to the International Trade Centre (ITC)'s Trade Map mirror data, Bangladesh’s exports have increased nearly four times since 2008 (when Hasina came to power), from $17.66 billion in 2009 to $67.49 billion in 2022.
Leaving the Covid-hit 2020 aside, the numbers have only grown.
In July, the country’s Ministry of Commerce claimed that the total exports zoomed to $64.55 billion, higher than the targeted $62 billion, in the 2022-23 (July-June) fiscal year.
The goods exports were pegged at $55.55 billion, 6.7 per cent higher than in the previous year.
The achievements are startling, as the period coincided with a slowdown in global trade. Most major exporting nations suffered a decline in fortunes from the July-September 2022 quarter.
Such exceptions are, however, familiar to Bangladesh.
Over the last decade, both India and China saw ups and downs in their year-on-year export performance; Bangladesh did not. Vietnam saw secular growth, but they have a huge export basket. In comparison, Dhaka has only cheap garments to sell.
That takes us to the question: How real are these data?
The answer was found recently, as Dhaka was scrambling for foreign exchange. According to the country’s central bank, the goods export receipts in 2022-23 were $12 billion short of the shipment value.
If the receipts are taken into consideration, Bangladesh’s exports have declined from $43.68 billion in 2021-22 to $43 billion in 2022-23.
Some media reports attribute the gap to double counting. Many blame it on the parking of export revenues abroad.
Both the claims appear to be a little over the top. Mis-invoicing and capital flight are common in Bangladesh. However, managing a $12 billion surplus (21 per cent) on the $55 billion export of cheap t-shirts, that too in depressed market conditions, is impossible.
And if exporters parked so much of the export revenue abroad, the production at home must suffer from capital constraints, unless, of course, the government keeps bridging the gap with loans that will never be returned.
Yet the core issue remains. Deviation between shipment data and receipts is common to all countries. Disputes regarding the quality of shipment are a common cause. There are other reasons, as well. However, rarely does a country suffer as high a deviation.
Interestingly, Bangladesh has become highly irregular in reporting its export performance to the trusted global data platform the United Nations Comtrade since 2013, thereby denying opportunity options for data integration.
The ITC Trade Map doesn’t have ‘direct data’, sourced from the UN Comtrade, on Bangladesh after 2016. The Global Financial Integrity (GFI) report, which sources information from the UN Comtrade, is also in the dark.
The questions do not stop there.
In July, Commerce Minister Tipu Munshi announced that the country has upped the annual service exports to nearly $10 billion. In September, local media reported a 15 per cent decline in service exports to $7.5 billion in 2022-23.
It's a data mayhem, where every piece of information is doubtful.
According to Bangladesh Bank, the export of garments grew by 17 per cent in knitwear (HS 61) and 7 per cent in non-knitted or woven (HS 62) segments during July-August 2023. Global trends do not justify such growth.
Both India and Vietnam reported a sharp decline in exports in the respective categories during this period. According to the ITC Trade Map, Vietnam’s August data is “tentative,” as the reporting process is not complete. The Indian data is provided by the country’s Commerce Ministry.
Strikingly enough, the export growth of Bangladesh is coming on the back of a severe foreign exchange crisis and import restrictions beginning last year. From $48 billion in 2021, Dhaka now has a $21 billion accessible forex reserve.
At less than $5 billion, the monthly import bill is now below the 2019 level. According to the central bank, the import of intermediaries for readymade garment production was down by 26 per cent during July-August.
The contradiction in Bangladesh’s growth story is apparent. And that raises the concern that Dhaka is cooking up numbers to present a rosy picture of the economy. If they do, that would be foolish.
The administered exchange rate of Bangladeshi Taka reduced from 100 to 110 against the United States (US) dollar over the last year. But no one gets foreign currency at that value.
The unofficial or kerb market price of the dollar crossed Taka 120. Inflation has been hovering near 10 per cent for the last six months.
The economy is close to a tipping point. Cooking up numbers will add to the problem.
The vice president of the Bangladesh Knitwear Manufacturers and Exporters Association questioned the credibility of export data. Knitwear is Bangladesh’s top export item.
According to him, the sector has been witnessing a drop in orders since the middle of 2022. Most of the factories, including his, are running on low capacity for more than a year. He has no clue as to how the official data can be so different from the ground realities.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) launched a probe into the data discrepancy. The International Monetary Fund (IMF), which promised a $4.7 billion loan to the country, also sought clarifications.
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Jollibee Foods Corporation
Higher same-store sales and new branches allowed fastfood giant Jollibee Foods Corp. (JFC) to jack up its earnings in the first quarter. In a regulatory filing, JFC said its net income grew 29 percent to PHP881 million (USD21.3 million) from PHP682 million (USD16.5 million) a year ago.
Its continuous network expansion amid increasing demand will allow the country’s largest fastfood chain to post healthy sales growth this year, the company’s top official said.
The Philippines' largest food service company, Jollibee Foods Corporation (JFC), reported a net income of PHP881.7 million (USD21.4 million) for the third quarter of 2012, 18.9 percent above the profit generated in the same period last year.
System wide sales also grew by 12.1 percent against sales in the same months in 2011.
JFC said sales growth was broad-based and volume driven resulting from better-value-for-money recognition by consumers on its products and services. Sales of Philippine brands rose by 9.6 percent and those abroad grew by 22.6 percent.
Fastfood giant Jollibee Foods Corp. (JFC) is fasttracking its branch expansion this year amid robust local consumer spending and good market reception abroad.
JFC will spend P5.5 billion (USD135.1 million) this year to put up 300 new stores across all its brands here and abroad, its top executive said.
“We are planning to open about 300 stores. Last year was about 200,” JFC chairman and CEO Tony Tan Caktiong said on Monday.
Jollibee Foods Corp. (JFC), the Philippines' largest food service company, posted nine-month net earnings of P2.47 billion, up 20.4 percent from the same period in 2011 on the back of improved margins and higher sales in both domestic and foreign businesses.
Jollibee Foods Corporation, (JFC) through wholly-owned unit Golden Plate Pte. Ltd., has entered into a joint ventur (JV) agreement for a company together with Beeworks Inc. to own and operate Jollibee stores in Singapore.
In a disclosure to the Philippine Stock Exchange (PSE), Jollibee said Beeworks is owned mostly by Singaporean individuals with extensive business experience in the retail and hospitality sector.
Jollibee Foods Corporation is allotting PHP5.8 billion (USD134.79m) for its capital investment budget this year as it aims to continue expanding its operations in the Philippines and in China.
In a disclosure to the Philippine Stock Exchange, Jollibee said up to half of this year's budget will be spent to increase its store count by 125 stores in the Philippines and 100 stores in China.
Jollibee Foods Corporation, the Philippines' largest fast-food chain, launches its online payment service with AsiaPay, an electronic payment solution and technology provider in Asia and the company behind PesoPay, to allow Jollibee's online delivery website (www.jollibeedelivery.com) to accept and collect credit card payments online.
Jollibee Foods Corporation (JFC), through wholly owned unit Jollibee Worldwide Pte. Ltd., has completed its acquisition of 55 percent of Guangxi San Pin Wang Food and Beverage Management Company Limited which will entail a CNY40-million (USD6.32m) investment.
In a disclosure to the Philippine Stock Exchange, Jollibee said its investment in South China will be done through its joint venture with Guangzi Zong Kai Food and Beverage Investment Company Limited (GZK).
Jollibee Foods Corporation, the Philippine largest fast-food chain, launches its online payment service with AsiaPay, an electronic payment solution and technology provider in Asia and the company behind PesoPay, to allow Jollibee's online delivery website to accept and collect credit card payments online.
Jollibee Foods Corp. (JFC) has agreed to sell to Café France Corp. its franchise of Korean coffee and gelato brand Caffe Ti-Amo for PHP20 million (USD461,420) as it gears up for fresh investments in China and Southeast Asia.
In a disclosure to the Philippine Stock Exchange yesterday, JFC said Café France, which will now become the master franchisee of Caffe Ti-Amo in the Philippines, is the same company that bought the assets of Delifrance from JFC unit Fresh N' Famous Foods Inc. late last year.


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If the pandemic’s easing was supposed to make the return to profitability easier for cruise lines, geopolitical conflicts and rising fuel prices have complicated their rebound. MSC Cruises is trying to make up for lost time: It is currently operating 13 of its 19 ships, and it just announced year-round service from New York. Ruben Rodriguez, president of USA operations, spoke with cruise editor Andrea Zelinski about the brand’s comeback.
Q: What’s the strategy behind sailing year-round from New York?
AT: We have a lot of guests from New York that sail with us from Miami and Port Canaveral and even our European ships. After major Florida cities, it’s our largest US source market. Last year, we started testing significant marketing in New York with TV and radio, which is expensive, but we saw a very nice return on that investment. We want to make our brand more accessible to them. They can drive to the port, and up and down the Northeast they can take the train.
We’re also a market leader in Europe and South America. For guests who are flying, New York is also very accessible because it has great area airports, a lot of lift, a lot of direct flights. And it’s such a great city. Guests on, say, a six- or seven- or eight-night cruise, can add a few days in New York before or after. It’s a destination in and of itself.
Q: How does the increase in fuel prices affect MSC?
AT: Part of the concern, of course, is that it does increase our operating costs because all energy is now more expensive, and that is one of the cost components of operating a cruise ship. But the bigger concern of that is the way it affects consumers, the way it affects consumer sentiment, the way it affects their pocketbook.
Having said that, one of the advantages of cruising, and certainly true with MSC, is that it is a great value vacation. It’s an inclusive vacation. At this point, it will continue to offer great options and great value. Prices may increase, not just because of inflation, but frankly, because as people are getting closer to the summer, they’re now more and more inclined to book their summer vacation. As demand grows, that will drive up some pricing.
Q: How are bookings for the second half of 2022?
AT: Consumers are tending to book pretty near in. They’re still booking a lot of spring breaks, March, April and the beginning of summer. As people get more and more comfortable with the reduction in positive cases and with the pandemic subsiding, we’re seeing guests start to plan further ahead. We do offer guests remarkable flexibility. I know our travel advisors use that as a key component to close that sale, the fact that they can change bookings up to 48 hours before the cruise departure, which is remarkable flexibility that didn’t use to be the case, but we had to offer that in the spirit of giving consumers comfort.
Q: How long will that continue?
AT: Certainly not forever. It’s very hard to manage a business with that, but at this point, it remains an important level of flexibility that consumers and travel agents value. At this point, our core promotion includes it through bookings through the end of May for sailing through the end of the following May. It’s pretty generous, but I do expect that we will get back to maybe more flexibility than we used to offer before the pandemic but not as much as we’re offering now.
Q: What effect has the fighting in Ukraine had on bookings?
AT: It has an effect, of course. In the summer, we have four ships scheduled to do Baltic itineraries where one of the signature ports was St. Petersburg. Of course, we’ve modified those itineraries.
Naturally, this period has had some softening of demand for those cruises, more cancellations of those cruises and a little more hesitancy from American consumers to book European cruises, as you’d expect. On the other hand, it may lead to a little more demand for Caribbean cruises or other destinations, South America, etc.


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Now YOU can dress like Katniss: Hunger Games-inspired clothing line created by movie's costume designer to launch this fall
A new clothing line inspired by The Hunger Games and created by the film series' costume designer is set to be released this fall.
Capitol Couture, as the line is fittingly called, will be a collaboration with Net-a-Porter that will consist of 16 luxury pieces by Trish Summerville, with designs that specifically reference the flamboyant, over-the-top fashion in the films.
The line, the price point of which has yet to be revealed, will launch sometime this fall, ahead of the November 22 release of Catching Fire, the second installment of the blockbuster movie series.
Dress like Katniss: Hunger Games-inspired clothing line Capitol Couture will consist of 16 luxury pieces by costumer designer Trish Summerville, with looks that specifically reference the fashion in the films
The Capitol Couture website was initially launched just before the release of the first film, offering sneak peeks at the looks to expect in the cinematic world of Panem.
But what started out as a fansite for fictional fashion is about to turn into reality.
Ms Summerville said in a statement: 'I am extremely proud of the designs that we created for The Hunger Games: Catching Fire and there's no partner more appropriate for Capitol Couture than the world's most cutting-edge luxury retailer.'
The collection, which will be sold exclusively on Netaporter.com, will feature clothing as well as accessories inspired by the movie.
According to the website, the line will include 'laser-cut leather, streamlined silhouettes and dramatic eveningwear.'
Tim Palen, the chief marketing officer at Lionsgate, told BroadwayWorld: 'When we launched Capitol Couture online, it took off and quickly became an out-of-world experience for both fans of the franchise and those obsessed with the future of fashion.
Flamboyant fashion: The line - which will be available on Netaporter.com this fall - will include 'laser-cut leather, streamlined silhouettes and dramatic eveningwear'
'Trish Summerville's Capitol Couture collection for Net-a-porter is a brilliant, elegant and chic extension of this effort.'
Today, Ms Summerville - who has previously designed costumes for The Girl With the Dragon Tattoo - was named Costume Designer of the Year at the Style Awards in New York, the event which kicks of fashion week.
The collection won't be available until November, but The Hunger Games fans can sign up now to be notified of its arrival on the Net-a-Porter website.
The Hunger Games: Catching Fire will hit movie theaters in the U.S. on November 22.
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Stories from the newswires
Moondog’s Franco Cozzo plans rejected
MoonDog’s plans to turn a landmark Melbourne furniture showroom into a brewery have suffered a setback after the project was rejected by Maribyrnong City Council.
Despite the application receiving 52 in favour of the proposal and only 22 against, The Age reports that Maribyrnong chief executive Celia Haddock said that safety concerns were the primary reason for the refusal.
“The narrow width of the footpath coupled with the high volume of traffic presented an unacceptable safety risk for future patrons.
“This was highlighted in an independent road safety audit, commissioned by Moon Dog, with the audit finding a number of risks which could not be mitigated,” Ms Haddock told The Age.
Moon Dog has 60 days to lodge an appeal against this decision at VCAT or submit another application to council with a revised proposal.
“It is a disappointing outcome but it’s not one that we weren’t prepared for,” Moon Dog co-founder Karl van Buuren told The Broadsheet.
Moondog has indicated that it will be working on a revised proposal with the council in the hopes of a resolution without needing to appeal the decision.
There is no such thing as terroir in beer
An article in Pellicle magazine has sparked passionate discussion, with an Australian brewer weighing in.
The article reflects deeply into the provenance story that beer can have but concludes that connecting beer to its agriculture and its seasonality is not the same as its flavour being a direct expression ‘of the earth’, or terroir.
“Although, I still believe in the potential for beer to truly express a sense of place, but maybe that place isn’t a field, or an orchard, or a hillside,” writer Matthew Curtis concluded.
“If beer is expressive of anything, then this expression is found, not where it is grown or made, but where it is served, and this, surely, is what makes it so special.”
The article triggered extensive debate, with Wildflower’s Topher Boehm taking to twitter to express his own views in a lengthy thread.
So I’m travelling in the UK at the mo, peddling my self-confessed agriculturally focused ales and the recent linked piece from @totalcurtis is pertinent. As someone who spends a decent amount of energy thinking about and making these ales, I’ll weigh in.https://t.co/7fj0CEajOH
— Wildflower (@wildflowerbeer) June 13, 2023
“I agree with Matt’s conclusion but not necessarily the exact premises that describes in this article to get them to that conclusion. I agree that beer does not possess terroir not because of what beer lacks when compared to wine, but instead because the term itself is vague and as such is impossible to agreeably define amongst a group of people,” Boehm tweeted.
It’s a fascinating discussion that goes back to the days of craft beer’s roots, and well worth reading the Pellicle article, the tweet thread and much of the informed discussion. More than anything, it’s nice to see attention given to an engaged discussion about the best elements of beer, rather than the latest short-term gimmick.
Ireland to introduce world-first alcohol health labeling policy
The Guardian reports Ireland will become the first country in the world to mandate health labeling on alcoholic drinks to alert people to calorie content, grams of alcohol, risks of cancer and liver disease and dangers of drinking while pregnant.
Hildegarde Naughton, the minister for public health, wellbeing and the national drugs strategy, said medical evidence showed even low levels of alcohol consumption incurred a cancer risk.
Alcoholic drink providers will be compelled to display the information and warnings on product packaging and also to direct consumers to the website of Ireland’s Health Service Executive for further information on alcohol consumption. Similar information will also be made available in pubs and other licensed premises.
The move has increased calls from Australian researchers for similar measures in Australia.
“It’s time to put consumer health and rights before commercial interests and warn people drinking and buying alcohol of the risks,” argued one group of researchers in an opinion column in The Conversation.
The calls come as Australian and New Zealand alcohol producers have to move to prescribed pregnancy labeling, and discussion whether credit is given to the mental health benefits that moderate alcohol use can have through increased social interaction.


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While south-west Victoria in Australia is more than 400 miles from the latest outbreak of African swine fever (ASF) in East Timor, a pig farmer said that he has focused his attention on biosecurity measures.
Barongarook pork producer Xavier Meade told ABC News: “”Early on, when it was first discovered in Europe, we didn’t really pay that much attention to it. I guess now, with the spread of it through Asia and the fact it is so close to home, just being discovered in East Timor, it is starting to be a real issue for us.”
Mr Meade said protecting his 26-sow operation comes down to a focus on biosecurity. His plan includes disinfection of the hands and boots of all arrivals to the farm and thoroughly washing transport vehicles post-abattoir visits.
As per Australian regulations, there is also no swill feeding.
Barongarook Pork sells to restaurants and private customers throughout western Victoria and as yet, ASF has not been raised as an issue by customers.
“I don’t think it’s something the general public are probably aware of at the moment,” Mr Meade said.
With the disease wiping out huge stocks of pigs, Mr Meade said there could be an opening for Australian pork producers.
“I think the opportunity would come if the other countries couldn’t control the outbreak and were left decimated,” he said.


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Dr Aamer Khan discusses the treatment options available for patients presenting with lipoedema
In this ACE TV session from Rosmetics, Dr Aamer Khan shares his protocol for combining PDO threads with Stylage HA fillers and the new Bi Soft Technology for 'The Khan Facelift'
With a 10% early booking discount running until December 31, we look at the comprehensive Conference agenda and detail what’s in store for delegates at the Aesthetics Conference and Exhibition 2016
Business consultant Taruna Chauhan outlines the benefits of implementing CQC standards within your clinic setting
CCR will be making its debut at ExCeL London on October 14 and 15.
Pharmaceutical company Sinclair Pharma has launched a new consumer facing website, titled ‘Aesthetic Insider.’
The Harley Street Skin Clinic has launched a new franchise model, allowing other businesses to become part of its brand.
Aesthetics Media Ltd, 70 London Road, Regal House, Twickenham, TW1 3QS
Aesthetics Media Ltd, as part of Easyfairs


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Subjects: Home electronics
World Children’s Day: UN acknowledges children’s demand for right to clean air
Over 29,000 children have globally called on the Committee of the UN Convention on the Rights of the Child (UNCRC) to acknowledge their right to clean air through the Freedom to breathe campaign run by Swedish Blueair and a coalition NGOs. Today the Vice-Chair of the Committee acknowledged their right to clean air and confirmed it will be elevated within the UNCRC.
Blueair air purifiers help Swedish Cross-Country team keep fit for the World Ski Championship
Stockholm, 18 February 2021: During the final training camp before the World Championship in cross-country skiing in Oberstdorf, the Swedish World Championship skiers will receive help from air purification expert Blueair. Swedish Blueair will senda total of 17 HealthProtect™ air purifiers to ensure that the athletes have 24/7 access to clean air. This is the start of a partnership where Blueair g
Blueair air purifiers effective in real-world nursery environment according to Mayor of London trial
A 6-month study across nursery schools in London, commissioned by the London Mayor, released today show that Blueair air purifiers have demonstrated a “positive impact on the nursery indoor air quality reducing PM2.5 and in some cases NO2”. London Mayor also called on the British government to urgently bring in industry performance and design standards for air filtration systems.
Blueair air purifiers capture 99.97% of viruses and bacteria
The HEPASilent™ technology used in all Blueair air purifiers successfully capture 99.97% of airborne particles such as viruses and bacteria”, says Blueair CTO Daniel Johansson, adding that the Blueair Classic 280i remove the most common bacteria and viruses including H1N1 A/PR8/34 with a clearance rate of over 99.99%, as well as Staphylococcus aureus, Escherichia coli and Aspergillus
Blueair donates 100 air purifiers to Tokyo schools to mark CLEAN AIR FOR CHILDREN launch in Japan
Tokyo 19 December 2019: Today Blueair, a leading producer of air purifiers for home and professional use, launched its CLEAN AIR FOR CHILDREN programme in Japan with the donation of 100 air purifiers to nursery schools in Tokyo.
Swedish Blueair is donating 100 units of its award-winning Classic air purifiers recommended for people with asthma and allergies to the Shibuya government. The air pur
Blueair joins UK’s first business coalition to clean up air pollution
Blueair is a proud founding member of the UK’s first business coalition dedicated to tackling air pollution. Together with eight major businesses, including Philips and Uber, Swedish Blueair has teamed up with the Department for Environment Food and Rural Affairs and air pollution campaigners Global Action Plan, to create the Business Clean Air Taskforce.
London schools improve results and reduce sick leave among children and staff after installation of air purifiers
A survey of teachers and staff at three London schools one year after the installation of Blueair air purifiers, show that improving classroom air quality can have a major effect on the health and learning of children.
Blueair air purifiers awarded Quiet Mark™
Blueair, a world-leader in air purification for home and professional use, has received the coveted Quiet Mark™ seal of approval for its whisper-silent, energy-efficient air purifiers. The unique Blueair HEPASilent™ technology also ensures that 99.97% of particles such as pollen, smoke, dust, bacteria, viruses and microplastics are removed from the indoor air.
Blueair and Children’s Climate Prize team up to fight air pollution
The Children's Climate Prize, which is awarded annually to young visionaries for innovative environmental and climate solutions, will with the support of Blueair add a new category “Clean Air”. The new Clean Air prize comes in recognition of air pollution being the number one environmental risk to human health.
New Blueair Car Air Purifier removes toxic pollutants in 6 minutes
Dubai, 23 October, 2018: Today Blueair, a world-leader in air purification, launches a new intelligent air purifier for cars at an event in Dubai. Designed for safety and tested to global standards, the new connected Blueair Cabin P2/i cleans the car from harmful gases, particles and germs in six minutes.
The air in cars is up to 100% more polluted than on the road outside, research shows. This
Alibaba TMall awards Swedish Blueair “Best Innovative Breakthrough”
Blueair, a world-leader in air purification for home and professional use, has been awarded “Best Innovative Breakthrough” by TMall, the leading online retailer in China owned by Alibaba for its data insight and IoT use.
Blueair removes microplastics from the air
Blueair, a world-leader in air purification solutions, is happy to announce that all its air purifiers remove airborne microplastics as research shows the negative health effects of inhaling microplastics released from toys, synthetic fibres and microbeads.
Blueair awarded “Most Popular Brand” among Chinese online household electrical appliances
Blueair, a world-leader in indoor air purification for home and professional use, won three awards including “Most Popular Brand” and “High-end Smart Product” at the China Household Appliances Online Summit in Beijing. In addition, Blueair China General Manager Maggie Chan, was awarded “Exemplary Industry Figure”.
Blue Pure 411 wins Best of the Best “Gold” at Housewares Design Awards
Blueair is once again recognized for its iconic design. During the 2018 Houseware Design Awards, Blueair was awarded Best of the Best “Gold” for the modern, cool design of its Blue Pure 411 air purifier. The Housewares Design Awards, the premier awards focused on housewares design innovation, honor design that improve everyday living.
Blueair appoints Chief Customer Development Officer & VP Global Sales
Blueair, a world leader in air purification solutions, today announced that Henk in ‘t Hof has been appointed Chief Customer Development Officer & VP Global Sales. Henk has 25 years of experience in strategy creation, brand development and sales management within the global consumer products domain.
Blueair launches first ALIBABA TMALL Super Brand Day for Air Purifiers
Today, Swedish Blueair, a world leader in air purification solutions, launched the first Alibaba TMALL Super Brand Day for air purifiers in the Shanghai Super Brand Mall. The purpose of the joint TMALL-Blueair on- and offline event was to introduce “air purifiers” as the 4th "must-have" household appliance for the Chinese family.
Blueair discusses new solutions for people “on-the-go” at Formula E in Hong Kong
Today, Blueair, a world leader in air purification solutions and the Formula E “Official Clean Air Provider” presented its state-of-the art air purification products for home and in-cabin use at the opening of the international urban street race Formula E in Hong Kong.
Blueair Launches Advanced Air Purifiers for Consumers in the Middle East
Blueair Classic, Sense+ and Pro aimed at improving the health and well-being of consumers in the region
Blueair Classic 405 “Best in test” in independent laboratory testing of air purifiers
STOCKHOLM – September 26, 2017 – Among 12 different brands tested, Blueair Classic 405 has a “superior air purification capacity” according to Testfakta Research laboratory tests performed by independent accredited Intertek Testing & Certification and IBR Laboratories.
Blueair launches new range of state-of-the art Wi-Fi connected air purifiers in the Philippines
The world-leader in clean air technology, Swedish Blueair, today launched its New Classic series in the Philippines. The new range models, Classic 205, Classic 480i and 680i, are wi-fi connected and have the highest Clean Air Delivery Rate (CADR) on the Philippine market.


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7 investors discuss web3’s present and peer into its future
We surveyed select investors in web3 to find out where web3 stands and what the future holds.
Huge deals are pushing more AI startups into IPO territory
New data from CB Insights details a global AI funding market replete with activity, sharply divided by geography.
Yugabyte stores up $188M more for its open-source distributed SQL database model, now valued at $1.3B+
Today’s world is run on data, and the amount of it that is being produced, managed and used to power services is growing by the minute — to the tune of some 79 zettabytes this year, accord
JumpCloud raises $159M on $2.56B valuation for cloud directory tool
JumpCloud, the late-stage startup that is modernizing the notion of corporate directories in a cloud context, announced a $159 million Series F investment on a healthy $2.56 billion valuation today. S
Tetrate, the company born out of Istio’s open-source app networking project, raises $40 million
Tetrate, the company commercializing an open-source networking project that allows for easier data sharing across different applications, has raised $40 million. The round, led by Sapphire Ventures, u
Why Sapphire’s Jai Das thinks the Salesforce-Slack deal could succeed
"I think there are some companies that have a lot of COVID tailwind."
Join us for a live Q&A with Sapphire’s Jai Das right now!
The conversation is part of the second season of our Extra Crunch Live series that has seen all sorts of investors and founders join TechCrunch for a dig into their work.
Uptycs lands $30M Series B to keep building security analytics platform
Every company today is struggling to deal with security and understanding what is happening on their systems. This is even more pronounced as companies have had to move their employees to work from ho
SaaS earnings rise as pandemic pushes companies more rapidly to the cloud
As the pandemic surged and companies moved from offices to working at home, they needed tools to ensure the continuity of their business operations. SaaS companies have always been focused on allowing
Continuous delivery pioneer CircleCI scores $100M Series E
CircleCI, an early adherent to the notion of continuous delivery when it launched in 2011, announced a $100 million Series E investment today. It comes on top of a $56 million round last July. The ro


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Germany considers doubling EV incentives to €4,000
28 May 2019
28 May 2019
The German Federal Transport Minister, Andreas Scheuer, wants to boost electric vehicle (EV) sales by doubling the UmweltprÃ¤mie (′Environmental Bonus’) from €2,000 currently to €4,000 by 2020. As the measure would only apply to small battery electric vehicles (BEVs) or fuel cell vehicles (FCVs) with a purchase price of no more than €30,000, OEMs may reduce the list prices of cars that currently exceed this threshold.
Cars priced between €30,000 and €60,000 will also benefit from a higher government incentive, albeit with a much smaller increase to €2,500. For light commercial vehicles and taxis, however, the subsidy is expected to be even higher. An electric taxi could ultimately be eligible for subsidies of up to €8,000 in total – depending on whether carmakers also increase their contributions.
Lower list prices
The car industry currently matches the German Government subsidy, meaning eligible vehicles benefit from a €4,000 reduction in their list price. Carmakers may again match the proposed higher incentives for cars that qualify, namely BEVs in the A-segment and B-segment such as the Peugeot iOn, Renault ZOE and the electric EQ variants of the Smart Fortwo and Forfour.
However, numerous C-segment BEVs have a list price that slightly exceeds €30,000 in Germany, and so it is likely that carmakers will reduce their list prices to qualify for the higher incentives. Whether they would then also match the higher government incentives remains to be seen.
BEVs that currently have a list price higher than €30,000 in Germany include:
- BMW i3
- Hyundai Ioniq E
- Hyundai Kona E
- Kia e-Niro
- Kia e-Soul
- Nissan Leaf
- Volkswagen e-Golf
The German Government has been widely criticised for not reducing CO2 emissions, which have essentially been at the same level in the transport sector since 1990. Germany is therefore unlikely to achieve the EU target of a 37.5% reduction on 2021 CO2 emissions levels by 2030, unless effective new measures are introduced.
Smaller electric cars have especially struggled to find buyers in Germany and across Europe, partly because they offer even less competitive total costs of ownership (TCO) than larger cars with higher prices. Autovista Group recently highlighted that prices of BEVs need to be lower to gain momentum and that small cars may even face an uncertain future if electric variants cannot offer competitive TCO and therefore continue to rely on internal combustion engines.


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Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Register here.
Mobile is still growing, and gaming — as with nearly every emerging consumer technology — should get most of the credit.
People downloaded 17.2 billion apps from the iOS and Android app markets in the first quarter of 2016, according to a new report from intelligence firm Sensor Tower. That’s up 8.2 percent over the same period in 2015. As usual, the gaming category made up the most significant chunk of that total with 1.95 billion game installs from the Apple App Store and 4.7 billion from Android’s Google Play. Gaming is 284 percent and 404 percent larger than the next closest categories on iOS and Android, respectively. This data reveals why it isn’t surprising that the global gaming industry is worth $34.8 billion annually and growing.
While iOS trails Android in terms of volume of downloads, its gaming category is growing much faster. The App Store saw a 14 percent year-over-year increase for its gaming category while the same sector on Google Play jumped less than a percent. That makes some sense considering games on Google’s mobile operating system are so far ahead of everything else.
Of course, it’s the same handful of companies taking advantage of the massive mobile audience. Madden NFL Mobile publisher Electronic Arts, Candy Crush company King, and Kim Kardashian developer Glu Mobile do well on iOS, Android, or both in terms of downloads. And that makes for a familiar download list — although publisher Supercell’s new strategy battler Clash Royale debuted high on the charts despite having only one month on the market. This is one of the big reasons it made $110 million last month.
GamesBeat Summit 2023
Join the GamesBeat community in Los Angeles this May 22-23. You’ll hear from the brightest minds within the gaming industry to share their updates on the latest developments.
The top downloaded games worldwide in the first quarter of 2016, according to Sensor Tower:
- Piano Tiles 2
- Candy Crush Jelly Saga
- Color Switch
- Clash Royale
- Subway Surfers
- Traffic Rider
- Clash of Clans
- My Talking Tom
- Candy Crush Saga
- Temple Run 2
This continued growth is a positive sign for developers and publishers who have turned gaming on smart devices into a lucrative business. Clash Royale is on pace to generate $1 billion this year, but it isn’t alone. You can expect Supercell’s Clash of Clans to likely do the same. The suite of Candy Crush releases from King should likely surpass that massive milestone as well.
For gaming as a whole, a strong mobile sector proves that consumers still want to spend their money on interactive entertainment. This should convince companies like Sony, Microsoft, Facebook, and more to keep investing in the space whether that’s with traditional consoles, cutting-edge virtual reality systems, or mobile apps.
GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings.


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U.S. Manufacturing Technology Orders totaled $404.6 million in April 2021, a decline of 12% from March 2021 but an increase of 72% from April 2020, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. Total orders for 2021 reached $1.57 billion YTD, an increase of 40% over orders placed in the first four months of 2020.
“April 2020 had the lowest orders in a decade, but the previous three months were business as usual, so to be 40% up over the previous year shows the real strength of the industry in 2021,” said Douglas K. Woods, president of AMT. “Parts that would normally go to job shops are now being produced in-house by larger manufacturers with the means to increase their production capacity. This is not to say production is shifting away from job shops; they are still operating at near capacity and increasing machine orders month over month, but increased consumer demand has necessitated more capacity, and confidence in the sustainability of that demand has justified the capital expenditure by large OEMs. As a result, our members have seen a resurgence of multi-machine orders near 2018 levels.
“There has been strong demand for metal cutting technologies in 2021, and orders for new forming technologies have more than doubled where they were at this point in 2020. Cosmetic automobile design changes drove increases in forming technologies and helped spur demand for cutting technologies from the mold and die industry. April orders were further strengthened by energy exploration and mining expanding out of Texas into nearby regions in response to increased market prices. Industries related to consumer products also increased orders in April, such as off-road vehicle manufacturing, electrical equipment manufacturing, and commercial and service industry machinery.
“Another optimistic sign for the industry is the number of open houses our members report having over the past few weeks where attendance has exceeded their expectations. This signals a renewed comfort with in-person sales calls and a pickup in regular maintenance as opposed to emergency visits. However, supply constraints have meant new orders are being added to an already growing backlog. The demand for manufacturing technology is there, and the suppliers who can deliver on orders will be in a position to one-up their competition in the near term.”
For more information, visit www.amtonline.org.


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INTERVIEW: Liz Claiborne's CEO discusses strategies for growth
Paul Charron, chief executive officer of Liz Claiborne Inc, believes that clothing suppliers will increasingly move towards a hybrid model where they are both manufacturer and retailer. In an exclusive interview with just-style, Charron discusses crucial industry issues, including retail consolidation and the need for wholesalers to develop lifestyle brands to deal with low-price competition.
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just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
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Help test our new apparel sourcing tool.
- Trump and the apparel industry – Infographic
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- Outlook 2017 – What next for apparel sourcing?
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- Global apparel markets: product developments and innovations, October 2016
- Anti-odour clothing: fresh fashion for an active lifestyle
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022


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Microsoft is starting to switch users of its 'classic' Nokia feature phones to Opera Mini and the Opera Mobile Store, as it begins the process of phasing out the Nokia Store and Xpress Browser.
Smartron S805 Android TV box: Unboxing and first impressions
Download: Windows 10 build 9926
NFL Super Bowl XLIX will be live streamed for free
NFL Super Bowl
NewerTech Wireless Aluminum Keypad Review
NewerTech Wireless Aluminum Keypad
Introducing Windows 10 for phones
Hands on with HoloLens
The popular lightweight browser, Opera Mini, is now available for the Tizen-based Samsung Gear S smartwatch, bringing a fast and optimized web surfing experience to the device.
A week after inviting users to sign up to a beta of its new Opera Mini browser for Windows Phone, the company has now released the app as an open beta, available for anyone to download now.
Opera Mini will soon be available on Windows Phone, and the company is inviting users to sign up for the beta now, promising to use their feedback to create "the best browsing experience" on the OS.
A recent interview with an Opera employee reveals that the company wishes to bring their Opera Mini and Opera Mobile browsers to Windows Phone 8, if the SDK supports all the native code required
Got a phone on a limited data plan, or need an extra boost in low signal ideas? Or how about WebGL on Androids? Have a look at the newest updates for Opera's smartphone browsers.
Opera has updated their Opera Mini mobile web browser today, with a focus on improving the browsing experience on lower-end mobile phones. Opera Mini is one of the leading mobile phone web browsers for lower-end devices,...
Opera Mini for the iPhone and iPod touch has been approved by Apple, and will be available on the AppStore within 24 hours, depending on the market. When Opera submitted their browser to Apple for approval...


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TIO won't reopen firebombed office
The Territory Insurance Office has decided against reopening its Cavenagh Street branch in Darwin's CBD three months after it was firebombed.
Nineteen people received hospital treatment for burns and smoke inhalation after a petrol-laden shopping trolley was allegedly pushed into the branch and set it alight.
TIO's chief executive, Richard Harding, says a new office will be set up in the Mitchell Centre.
He says the decision has pleased staff.
"I think it gives them some comfort in the sense that it's obviously been a very traumatic event and people have been quite concerned about that," he said.
"A new fresh start in a new location is one way of moving on from that."


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BREA, Calif. – Outboard engine manufacturer Suzuki Marine is launching its 2004 rebate program, which runs from April 1 to May 28, the company reported in a statement today.
Through the program, boaters can choose rebate deals up to $500 on Suzuki’s fuel-injected four-stroke line-up of outboards from 40 to 250 horsepower.
“Our cash-injected rebate deals are a great opportunity for a boater or fisherman to get that outboard he’s always wanted, and get extra cash for a down payment, accessories or to just put aside for a rainy day,” said Larry Vandiver, marketing director for Suzuki Marine. “We’ll give him up to $500 cash back depending on the Suzuki fuel-injected four-stroke model he buys.”
Suzuki said it will give boaters $200 back on 40 and 50 horsepower fuel-injected four-strokes; $300 on 60 and 70 horsepower fuel-injected four strokes; $400 back on 90, 115 and 140 horsepower fuel-injected four-strokes; and $500 on 200, 225 and 250 horsepower fuel-injected V6 four-strokes.


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Sustainability: Cost, challenges and courage
Jo Whitfield joined the Co-op in 2016 as Finance Director for Co-op Food Group and became Chief Executive in 2017 making her the first female CEO of a British food retailer. Berwick Partners was delighted to be joined by Jo as the guest speaker at our latest leadership forum. Jo spoke openly and passionately about her experiences and commitment to building a sustainable and accountable business fit for the future.
Jo has been an integral force in helping to deliver and shape the Co-op’s Ten point Climate Plan which launched last year – setting a clear and accountable pathway to achieving net zero by 2040. She has also pioneered a new network for the grocery industry called ‘Grocery Girls’ and is a serving member of the Women’s Business Council. In 2019, Jo became Veuve Clicquot’s Business Woman of the Year and in 2021 received a CBE for services to retail.
Jo opened by highlighting how much had changed in the four months since COP26, acknowledging that today’s leaders and their consumers face significant challenges as a result of the impact of the war in Ukraine, the surge in the cost of living and increasing energy costs. But the response to climate change requires even more change. Balancing this with commercial objectives will be challenging and will require strong decisive and committed leaders.
A constant theme through the discussion was collaboration. As an industry, retailers pulled together like never before to feed the nation during the pandemic. Businesses put aside their competitive agenda and drew on their collective experiences and resources. Climate change requires the same collaboration – there is much greater power in moving as a group. There is no prize for coming first in this race!
Governments and businesses also need to ‘partner’ in a different way to find solutions that have impact and can be rolled out quickly. Policy setting without the involvement of businesses will only hinder faster progress.
Jo stressed that the climate crisis is a threat to all of us as human beings. It is a sizeable challenge and one that requires the balancing of social, moral and commercial priorities. Rather than viewing it as an impossible problem to solve, leaders should instead be energised and see it as an opportunity to embrace new ways of doing things. Decisive action is needed in the boardroom as we are past the point of just setting targets. Some actions will lead to successes and some may not, but business leaders need to lead the way and help consumers to make better choices.
Accountability is vital. Leaders need to find a way to demonstrate their commitment through actions. For Jo, that has been to ask for her pay to be linked to these targets.
Communication and Engagement
Communication is essential for success. The goals set along the path to achieving a more sustainable world can often seem too big or simply too far ahead in the future. Engaging with employees at all levels is key to help them understand their role and to galvanise activity. The approach at the Co-op is to break the plan down into manageable chunks and look at what can be achieved now, what can be done soon and what can be done in the future. They then create accountability and collaborate on solutions, building momentum along the way by celebrating both the big and small milestones.
Communication with consumers is also critical if businesses are to shift more consumers towards buying greener. Keeping the narrative straight forward allows consumers to see their impact and will be more effective.
Ultimately the sustainability crisis is too big for one business, person or country. It requires co-operation. Business leaders will need to seek out a ‘new skill set’ – one that is about cumulative effect rather than competitive advantage!
Get in Touch
Alka Gandhi and Simon Walton specialise in senior leadership recruitment across the Consumer and Retail sector. For more information about the work that we do, or to hear about our upcoming events, please do get in touch.


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Tuesday, September 18, 2007
Triple-Core Chip ADM
The announcement was a surprise, coming just a week after the major launch by AMD of its four-core processor, code-named "Barcelona."
It also goes against the industry tradition of doubling processing power with each new design. Single-brain microprocessors are giving way to dual-core ones, followed by quad-core, with eight cores due next from Intel.
But AMD on Monday quoted industry research that showed quad-core chips had only grabbed two per cent of the market since Intel first introduced them last November. In contrast, dual-core chips took 12 to 15 per cent of the market within the first two quarters of their release.
"We believe triple-core is the right product at the right time to serve a broad swathe of the market," said Bob Brewer, head of marketing and strategy for AMD's PC platforms.
"There's a space for it, it makes sense, it's naturally going to resonate with consumers."
AMD is still planning to introduce its "Phenom" quad-core processor for desktop PCs in December, but it will follow up with a triple-core version in the first quarter of next year.
"If the choice is say $200 for a dual-core [processor] and $400 for a quad-core, then if you can get $300 for a triple-core, it's like free money," said Nathan Brookwood, analyst with the Insight64 research firm.
AMD told reporters that the choice of single, dual, triple and quad-cores would simplify its product lines for consumers, who were confused by comparisons between clock speeds and the size of memory caches on the chips.
Mr Brewer said a triple-core chip would work well for example on a PC where a user was playing a video game such as Bioshock, which utilised two cores, and where an anti-virus programme ran at the same time using the other core.
Advanced Micro Devices on Monday confirmed that rumors of a triple-core desktop chip on its roadmap are true. The chip, which will be part of AMD's new Phenom desktop processor brand, will be released sometime in the first quarter of 2008, according to AMD executives.
It appears that Phenom, the new brand initially believed to be built solely around AMD's first quad-core desktop chip due out in December, will be marketed to enthusiasts, OEMs and the custom system builder channel in both mid-range, triple-core and high-end, quad-core flavors.
"Triple-core is the mid-range product for 2008," said AMD marketing VP Bob Brewer at a press lunch Monday in San Francisco.
Asked if most consumers wouldn't just opt for the full quad-core if they were upgrading from dual-core, Brewer said AMD believes a mid-range multi-core product could attract budget-conscious shoppers. He said that while technologists and industry experts might not grasp the value of a triple-core processor, that "this is something that naturally resonates with consumers."
"They see, quite simply, that 'n-plus-one' is better than just 'n'," Brewer said.
AMD had ample motivation to announce the triple-core Phenom news when it did. Internet rumors began building into a storm over the weekend. And Brewer admitted that the Sunnyvale, Calif.-based chipmaker wasn't averse to taking some of the spotlight away from its main rival, Intel, on the eve of the Intel Developers Forum at San Francisco's Moscone Center.
The triple-core announcement seems like a particularly opportunistic stab at the Santa Clara, Calif.-based chip leader. Though Intel came out with its quad-core product last December, its current chip architecture makes the production of a triple-core chip impossible. AMD, with its native multi-core design featuring independent power supplies to each individual core on a die, can and apparently will produce one sometime early next year.


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Samsung Releases Phone 2012
Hello guys here you will get Mobile inf Samsung Releases Phone 2012.In the year 2012, Samsung plans to release its first mobile phone flexible sail. The advantages of this phone are a strong resistance when hit with a hammer.
Earlier this phone has demonstrated in January. Samsung demonstrated the flexible AMOLED screen measuring 4.5 inches. Thickness of the phone is 0.3 mm.
This technology relies on atomic layers of graphene sheets of carbon atoms or layers to protect the ‘screen’ liquid crystals.
Earlier this year, leaked reports say Samsung has the capacity to make this screen in large numbers in early 2012.
Samsung has released concept drawings phones that use this technology, Galaxy Skin. International Business Times strengthen these declaration stated, this handset will go on sale early next year.
Related Post Link:


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Dan Schulman, the chief executive of PayPal, told Handelsblatt in an interview that he plans to roll out small business lending in Germany.
“Our intent is to roll that out to multiple countries, including Germany,” Mr. Schulman said. “In Europe, we have already started in the U.K.”
PayPal began offering small business loans in the United States four years ago and has expanded globally. By last summer, PayPal Working Capital had lent $2 billion (€2.1 billion) to 90,000 companies.
Unlike traditional banks, PayPal doesn’t charge interest on its loans. Companies pay a one-time fee and service their loans based on revenues from online sales.
Paypal’s market capitalization is twice that of Deutsche Bank, Germany’s largest financial institution. When asked whether or not PayPal was interested in buying a large bank, Mr. Schulman indicated that remaining nimble was more important to PayPal’s business model.
“Companies have long tried to buy and own everything,” Mr. Schulman said. “But today the most nimble and successful firms think about ways of collaborating and taking the best of each."
Mr. Schulman did say that PayPal is in discussions with financial institutions around the world about potential partnerships, though he declined to say whether Deutsche Bank was among them. The executive did say that Deutsche offers “great assets.”
“Deutsche Bank for example has some great assets that could be plugged into our platform, and vice versa,” he said.
Read the full interview in Tuesday's Handelsblatt Global.


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A Swindon-based company which enables the supply of critical medicines across the globe, has won acknowledgement on the regional and international stages for its growth and its contribution to UK exports.
Wasdell Group was recognised as one of the top 100 exporters across Oxfordshire and the Thames Valley by Business and Innovation magazine, at a celebration for the entrepreneurs at The Vineyard, Newbury recently. The family-owned company, which currently has its headquarters at Blagrove, near Junction 16 of the M4, is the only Swindon firm to appear on the Top 100 Exporters list.
The editor-in-chief of Business and Innovation magazine said the publication included Wasdell in the list because “it celebrates your company as one of a 100 successful businesses from all industry sectors which not only see world markets as an opportunity to grow but are successfully seizing the opportunity to expand.”
Wasdell has also been recognised within the sector by Pharma Times, the UK’s leading pharmaceutical magazine, whose circulation includes NHS healthcare professionals such as chief pharmacists, medicines management and primary care commissioners.
Pharma Times tracks the trends and issues that affect the industry in the UK and across the world, and has cited Wasdell as one of the 50 fastest growing privately owned pharmaceutical companies in its Alantra Pharma Fast 50 list.
Wasdell Group MD Daniel Tedham said that Wasdell aims to continue its steady growth to maintain its position as Europe’s leading independent packaging company for the pharmaceutical industry.
“Wasdell continues to invest substantially in state-of-the-art machinery and processes, and is growing its expert and specialist services in the areas of pharmaceutical research, patient trials and the certification of new drugs to release to market,” said Daniel.
“Last year we opened our European facility in Dundalk, Ireland, and we have recently had to take on premises at Groundwell Industrial Estate to be able to service additional work and new contracts. It’s gratifying to see an independent Swindon company recognised as making a substantial contribution to such an important global industry, as well as to the local and regional economy.
“It’s thanks to the talent and dedication of all our staff across all areas and specialisms, including those here in Swindon, that we can be ambitious in our plans to continue this growth and stay ahead of many of the global pressures that come with working in the pharmaceutical industry.”
Wasdell exports 85 per cent of its goods, and has more than 280 partners and customers across 47 countries. More than two thirds of its 800+ workforce is based in Swindon, and more than 230 of its suppliers are based within a 10-mile radius of the town.
The company’s turnover has risen from £2 million in 2010 to £42.7 million in 2019.


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Xiaomi reveals a new sub-brand “CC” that focuses on millennials. Xiaomi will unveil the first Xiaomi CC smartphones next week while temporarily scraping the Mi Max and Mi Note series.
Xiaomi CC smartphones in the making
The Chinese Manufacturer has announced that Xiaomi CC is primarily aimed at young people. The first smartphones of the new brand will be presented in China on July 2, but chances are that they will also appear in the West later.
According to a first advertising video of the new sub-brand, the abbreviation stands for Chic & Cool, Camera Clicks and various other terms aimed at millennials. Xiaomi claims that the CC branded smartphones are developed for young people by young people.
The first two devices to be revealed are probably the Xiaomi CC9 and the CC9E. Details and images of both smartphones have already been leaked.
Xiaomi CC9e Specs
The CC9E has a 6.39-inch AMOLED screen with FHD+ resolution and powered by a mid-range Snapdragon 712 chip.
There will be a Triple camera setup on the back with a 48-megapixel main camera supported by a wide angle and telephoto lens. For selfies and video calling there will be a 32-megapixel camera on the front.
The phone will carry a huge 3500 mAh battery which will also support 18W fast charging.
In the memory and storage department, the phone will have three variants one with 6GB RAM + 64GB Storage Priced at CNY 1,599 (US $230), 6GB RAM + 128GB Storage priced at CNY 1,899 (roughly US $275), 8GB RAM + 128GB Storage priced at CNY 2,199 (roughly US $320).
Xiaomi CC9 Specs
The CC9 has a striking design with a fold-out camera (Similar to Asus Zenfone 6) that can be used on the back as well as on the front.
The phone will feature a 6.39-inch FHD+ (1080×2340 pixels) AMOLED display with an in-display fingerprint reader. The phone will be powered by a slightly better Snapdragon 730 SoC.
The Mi CC9 will feature a triple rear camera setup with a 48-megapixel Sony IMX586 sensor, a 16-megapixel secondary lens, and a 12-megapixel third sensor. Their will be no selfie camera upfront as the flip camera on the back will also act as a selfie camera.
The phone will have a slightly bigger 4000 mAh capacity and will come with 24W fast charging compared to CC9e which will come with 3500mAh battery and 18W fast charging.
Just like the CC9e, CC9 will also have three variants one with 6GB RAM + 64GB Storage Priced at CNY 2,599 (roughly US $380), 8GB RAM + 128GB Storage priced at CNY 2,799 (roughly US $400), 8GB RAM + 256GB Storage priced at CNY 3,099 (roughly US $450).
There are now quite a few sub-brands within Xiaomi. Most smartphones (Mostly the high-end ones) appear in the “Mi” series, such as the Xiaomi Mi 9. In addition, there is the Redmi series, which consists of the affordable phones such as the Redmi 7.
The Xiaomi Pocophone F1 has to offer the very best hardware for the lowest price, while the Black Shark series is aimed at gamers.
Most of those series have also appeared in Europe and other countries around the world. There is, therefore, a good chance that the Xiaomi CC series will sooner or later find its way to more countries. Exact plans for the sub-brand outside the Chinese market are as yet unknown.
No Xiaomi Mi Max and Note in 2019
What we at least do not have to expect from Xiaomi in the coming months are devices from the Note and Max series. The Xiaomi CEO Lei Jun announced on Weibo that there are no further plans for that series in the coming months.
According to Jun, we do not have to rely on direct successors of the Xiaomi Mi Max 3 and Xiaomi Redmi Note 7 for the time being. The CEO does not provide any further explanation for this.
Xiaomi sells more than one hundred million smartphones a year worldwide. In the home country of China, the manufacturer is even larger than Samsung and Apple.
Xiaomi is known for powerful smartphones at a low price. Due to its competitive price-quality ratio, the company has long been popular with importers around the world.


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Microsoft’s Activision Blizzard acquisition will get blocked within the U.Ok.
In Jan. 2022, Microsoft introduced plans to amass Activision Blizzard, the online game large behind a number of the hottest video video games of our time, for $68.7 billion.
Nevertheless, the acquisition plans have been first met with resistance from the Federal Commerce Fee (FTC) as a result of acquisition’s potential to hurt competitors within the area and forestall customers who use rival consoles from accessing the video games.
On Wednesday, Microsoft confronted comparable considerations from the U.Ok.’s Competitors and Markets Authority (CMA), which blocked the deal from taking place within the U.Ok..
Additionally: Tips on how to construct a gaming PC for $2500
The CMA claims that the deal would damage the cloud gaming market making Microsoft “even stronger in cloud gaming, stifling competitors on this rising market.” The CMA calculates that Microsoft already accounts for 60-70% of worldwide cloud gaming providers.
The CMA’s in-depth evaluation of the deal started in Sept. 2022, and reached its conclusion practically 5 months in a while Feb. 22, 2023.
Within the absence of the Microsoft acquisition, the CMA says that Activision would possible begin providing its video games by way of cloud platforms, which might give U.Ok. players extra flexibility on how you can play, with the choice to play with out costly gaming consoles and PCs.
Nevertheless, the CMA discovered that Microsoft would tremendously profit from making Activision’s video games unique to its personal platform, and because of this, stifle potential innovation developments that may very well be profit the general public from occurring.
Additionally: One of the best gaming PCs: High rigs for execs, informal players, and creators
“Microsoft already enjoys a strong place and head begin over different rivals in cloud gaming and this deal would strengthen that benefit giving it the flexibility to undermine new and progressive rivals,” stated Martin Coleman, chair of the impartial panel of specialists chargeable for conducting this investigation.
Microsoft tried to resolve a number of the considerations introduced by the CMA via proposals which the company says had “plenty of vital shortcomings” and which might require regulatory oversight by the CMA.
Microsoft’s proposed decision included a number of 10-year offers with rival platforms like Sony and Nintendo, which might safe them entry to Activision Blizzard video games throughout that point.
Nevertheless, the CMA claims that the proposal “would standardise the phrases and situations on which video games can be found, versus them being decided by the dynamism and creativity of competitors out there.”
Additionally: Microsoft launches bug bounty program for the brand new Bing
“Microsoft engaged constructively with us to attempt to handle these points and we’re grateful for that, however their proposals weren’t efficient to treatment our considerations and would have changed competitors with ineffective regulation in a brand new and dynamic market,” says Coleman.
Microsoft isn’t taking no for a solution.
Shortly after the CMA’s announcement went public, Microsoft’s Vice Chair and President, issued an announcement by way of Twitter asserting Microsoft’s intent to nonetheless purchase Activision and attraction the CMA’s determination.
“We’re particularly disenchanted that after prolonged deliberations, this determination seems to mirror a flawed understanding of this market and the way in which the related cloud expertise truly works,” stated Smith within the assertion.
Activision Blizzard CEO Bobby Kotick echoed comparable sentiments in an e-mail to his workforce and confirmed plans to attraction the choice.
“Alongside Microsoft, we will and can contest this determination, and we have already begun the work to attraction to the U.Ok. Competitors Appeals Tribunal, stated Kotick. “We’re assured in our case as a result of the information are on our facet: this deal is nice for competitors.”


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Want to fight wrinkles? Try some snake venom.
That’s right – a new face cream made with venom from an Asian snake is being touted as the latest weapon to fight wrinkles, the Daily Mail reported.
The cream – which costs around $100 a jar – is produced by the makers of Planet Skincare. The company claims the venom “stuns” the skin in the same way a real snake bite would, giving “Botox-like” results without the needle jab, according to the report.
The key ingredient is a synthetic version of the poison of the Temple Snake – which is common in Thailand. The amino acids in the venom apparently block nerve signals telling muscles to contract, which helps to stop wrinkles from forming, the Mail reported.
The cream is currently on sale at the popular U.K. department store, Selfridges. The staff told the Daily Mail the cream is their best-selling premium skincare product.


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When it comes to reducing the impact of climate change, Ford has taken steps to improve their efficiency on the road by creating a lineup of alternative fuel vehicles. But they've also taken steps to improve their efficiency at home, by making their manufacturing facilities greener than ever.
A successful weekend summit between U.S. President Barack Obama and Chinese President Xi Jinping points to the countries boosting cooperation on issues from North Korea to China's alleged cyber theft, says one Chinese academic. U.S. officials now say that China is ready to begin working more closely with the U.S. on these big issues.
EPFL scientists have imagined a new modular transportation system. Modules are either loaded on a train or clipped under a flying wing, allowing more flexibility for people or freight transportation. Called "Clip-Air", this concept opens the door to a wide range of new research opportunities in the context of flexible transportation.
Bre Pettis and his team has enjoyed phenomenal growth since fashioning MakerBots in 2009. So much so, that they've opened a new space at Sunset Park in Brooklyn to handle all the orders for the Replicator 2 and 2x. Not to mention the new Digitizer that will democratize 3D printing soon to begin shipping.
Bloomberg Businesweek's Sam Grobart joins Morning Joe to discuss highlights from Apple's annual Worldwide Developers Conference in San Francisco. There's been a perception and maybe a bit of a reality that Apple has fallen behind Android and Microsoft with its mobile operations.
The latest update to Apple's iOS for the iPhone was shown off in a video shown during the 2013 World Wide Developer's Conference (WWDC). Here's a brief look at the new operating system, how it will work and how it will change Apple devices.
Pimco CEO Mohamed El-Erian says uncertainty is keeping the U.S. economy from growing faster, but we're still doing better than the rest of the world. El-Erain discusses the factors behind economic growth and what's holding it back.
Researchers in the University of Minnesota's College of Science and Engineering have developed a new noninvasive system that allows people to control a flying robot using only their mind. Here's a look at the new robot and the system that makes it work.
Boston-based company Altaeros has developed a new wind power generator in the form of a giant balloon that they say will offer a cheap renewable energy alternative to communities that live off the grid. The inventors say this could be the future of wind power. Reuters' Ben Gruber has more.
European Union Trade Commissioner Karel De Gucht speaks about the European Commission's new tax on Chinese solar panel manufacturers and the possibility of a trade war. De Gucht talks about what this means for trade between China and the European Union.
The U.S. government says older model SUVs are at risk of catching fire in rear-end crashes. The recall is based on what government experts say is a deadly fire hazard that has left an estimated 51 people dead. It's a recall that could cost Chrysler hundreds of millions of dollars.
The company's "Moto X" phone will be made at a Fort Worth, Texas, facility. With labor costs rising in China pretty dramatically, companies like Motorola are losing incentive to produce goods overseas.
VolturnUS, the nation's first floating wind turbine designed to generate electricity from ocean winds, was launched as demand for clean and alternative energy grows. Developed at the University of Maine, the technology has the potenial to power the U.S. 4 times over. Terrell Brown reports.
Much of the world's electronic waste ends up in Guiyu, China, where old parts are recycled but chemicals like mercury leak into the water. Cell phones arrive in this town by the truckloads, where locals are experts in sorting through the electronic trash.
New England aviation company Terrafugia has unveiled its latest conceptual version of a flying car. Unlike its current flying car, which is designed for pilots, the new design incorporates autonomous functionality, a move the company says will open up the skies to everybody. Reuters' Ben Gruber has more.
The relatively new technology known as '3D printing' has already been used to make prosthetic legs. Now, architects claim they'll soon be able to build a whole house using a 3D printer. The technology is still relatively new, but it's already being used in the medical world and in the arts.
At the All Things Digital conference, Apple CEO Tim Cook says many companies will soon be in the wearable technology space. Although Cook feels that some technologies may fail to garner broad appeal, he does see wearable technology on the horizon.
For companies required to meet the GHS labeling standards for hazardous chemicals, Computype may have a printer and label stock solution with the CAB XC6 printer. Learn more about its capabilities and how it can help a manufacturer with labeling needs.
Matching a color sounds simple. But what do you do when a customer shows you a tableau of colors to translate into one? KYDEX Global Creative David Scott and Color Development Specialist John English show both the creative and technical process in action.
Smithfield Foods, the world's largest pork producer, is being bought by Shuanghui. The price: almost $5 billion. If approved, it will be the largest takeover of an American company by a Chinese buyer. This is the latest in a string of American companies being purchased by China. So why this company -- and why now?


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The desperate state of nearly-vacant Tower Place Mall has caused concern over the future of downtown’s other major retailers, including the renowned jewelry store at the corner of Fifth and Vine.
That’s why the ownership of Fountain Place started early in seeking lease renewals of Brooks Brothers and Tiffany & Co., said Arn Bortz, a principal at Towne Properties and part owner in the building. Both have leases that expire at the end of 2012.
While it is still too early for either to commit to a renewal, Tiffany & Co. executives informed the ownership group that they would recommit to making their store successful in downtown Cincinnati, Bortz said.
Tiffany & Co. executives visited Cincinnati last month to meet with the landlord. They received a warm welcome from Towne Properties, Mayor Mark Mallory, executives from Cincinnati Center City Development Corporation and several downtown corporations. Many other Cincinnati leaders wrote letters of support.
“There were enough good reasons to work the downtown location,” Bortz said. “We’ll be working closely with them to give them lots of good reasons to extend it.”
A representative from Tiffany & Co. could not be reached for comment.
Manhattan-based Tiffany & Co. operates 91 stores in the United States and Canada and another 128 stores in Europe and Asia. In 2009, jewelry made up 90 percent of its sales.
Posted in: Retail


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A record number of gun-buyers flooded into retail stores on Black Friday, according to federal data, which showed that background checks surged to an unprecedented 185,345.
The previous Black Friday record, set last year, was just over 175,000 background checks. The previous single-day record, set December 21, 2012, was approximately 177,000.
FBI spokesman Stephen Fischer said “Black Friday  shattered the single-day record with 185,345 background checks processed in a 24-hour period — or slightly more than two background-checks every second,” according to The Trace, a group of journalists who tend to favor gun-control.
That makes Black Friday 2015 the highest single day for background checks ever.
The FBI had predicted that Black Friday would break records, as it followed unprecedented sales from May through October.
Breitbart News previously reported that May, June, July, August, September, and October were all record-breaking months for background checks. May had the most background checks of any May on record, June had the most of any June, July of any July, and so forth.
It is important to note that the number of background checks performed does not necessarily indicate the number of guns sold, as background checks are performed on the buyers of guns rather than the guns being bought.
Many buyers who passed a background check may have purchased more than one gun. If only 9 percent of buyers bought two guns each, then the total number of guns bought on Friday exceeded 200,000.
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Goodwill Industries of Kentucky is excited to reopen its retail stores and donation centers to customers and donors today, May 20, with restrictions in place to keep them safe and healthy.
Donations and purchases drive Goodwill’s mission of providing resources for individuals who have disadvantages while entering the workforce, especially now, during a time they’re desperately needed.
Goodwill VP of External Affairs DeVone Holt spoke about the nonprofit’s reopening strategy and mission during recent media segments in Louisville and Lexington, available here:
For a comprehensive look at the health and safety measures Goodwill is following until further notice, click here. This post will be updated.


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In a special Monday night event, the new cast of “Dancing with the Stars” will be announced by “Dancing with the Stars” host Tom Bergeron in interstitials airing throughout the highly anticipated dramatic two-hour finale of the popular romance reality series, “The Bachelor: On the Wings of Love,” on MONDAY, MARCH 1 (8:00-10:00 p.m., ET), on the ABC Television Network.
Robert Pattinson, undeniably one of today’s most recognizable, popular and most sought-after stars, takes his first “bite” out of ABC’s Emmy(r) award-winning talk show, “The View, live, TUESDAY, MARCH 2 (11:00 a.m.-12:00 noon, ET) on the ABC Television Network, in his first-ever appearance on the show. Pattinson will appear along with Emilie De Raven, his co-star in the upcoming film “Remember Me.”
Set for release in March 2010, “Remember Me” stars Pattinson as unruly New York college student Tyler who is dealing with a personal tragedy and falls in love with Ally (Emilie De Raven).
Pages of banter and speculation have arisen from the photo of the model of the new Fantasyland Fantasy Forest expansion at the Magic Kingdom ever since we first brought it to you (incidentally, you can see a close-up of the model’s Sleeping Beauty cottage in the spring 2010 issue of D23 magazine). Much of which has to do with the plans for Pixie Hollow, for which the model shows an attraction similar to a new one coming to Disney’s California Adventure, but some say said plans have since been scrapped in favor of a ‘next generation,’ interactive meet & greet with the Disney fairies.
ESPN today launches two new web-based players on ESPNRadio.com with the completely revamped super stream player with launch partner Yahoo!, introducing the new Instant Replay feature and the launch of Super Week webcam just in time for the days leading up to Super Bowl XLIV between the New Orleans Saints and Indianapolis Colts.
The new Instant Replay feature will give sports fans control over their digital audio experience, literally. Using exclusive technology, listeners will now have the ability to pause and rewind live streaming programming for up to 30 minutes on all accessible ESPN stations within the newly enhanced super stream player. Other highlights of the player include:
Now available for pre-order is this beautiful limited edition deluxe Princess Tiana doll and Blu-ray/DVD combo pack exclusively available from the Disney Store. With its intricate details, this beautifully designed doll magically captures the Bayou wedding scene from Disney’s The Princess and the Frog. The delicately bejeweled floor length veil is capped by her sparkling tiara. The elegance of her rich green, multi-layered dress is highlighted by cascading leaves encrusted with faceted rhinestones, crinkled organza and iridescent satin. Painterly detailed evening gloves, glittery dewdrop earrings and necklace as well as leaf-inspired shoes complete her ensemble. To add a touch of fun, our Princess Tiana doll comes with her ”ready for the kiss” Prince Naveen as a frog!
Barely a week after the Disney-Marvel acquisition was made final, we announced that it appeared the first public Disney-Marvel action might have been to release the Iron Man animated series on DVD, something that previously had only been done in some parts of Europe.
Today we have confirmation via Amazon.com that the entire series will be released on a 3-disc set on May 4 and is now available for pre-order.
Lee, president, ABC Family, yesterday announced the pick-up of “Melissa & Joey.” The series has been given a 10-episode order and is scheduled to premiere in 2010.
“We love Melissa and Joey,” said Lee. “Melissa has a long history on the network, and she and Joey recently starred in the network’s original movie, ‘My Fake Fiancé,” which broke records for the network last year. They have fantastic chemistry and are just so relatable to our viewers. We knew we wanted to get them together again, and developed this comedy specifically with them in mind.”
IBM today unveiled a new experiential exhibit at INNOVENTIONS at Epcot® at the Walt Disney World® Resort, which invites guests to discover the possibilities of building a smarter planet. The exhibit is powered by a new Smarter Data Center, providing a real-life demonstration of optimized computing that reduces energy costs by up to 25 percent.
SmarterPlanet presented by IBM offers visitors to the park a “behind-the-scenes” glimpse of how technology is helping solve the world’s most complex problems – from reducing road traffic and city crime to improving food safety and local water supplies.
The experience encourages guests to think about their individual role in creating a smarter planet as well as understand how smarter data centers are the heart of a more sustainable, technology-enabled world.
For example, hands-on interactive kiosks offer guests a “match” game that reveals societal and technological implications of creating a smarter planet. Guests will discover how more than two billion people are using mobile phones to open and use bank accounts for the first time; or that only 11 percent of the United States money supply is cash; or that by unplugging household appliance while not in use homeowners can save cash, up to $286 every year; or how smarter food systems track the temperatures of foods from one location to another to prevent spoilage. From the same kiosks, guests can take a Smarter Planet poll and compare their answers with those of other visitors.
The exhibit also features Runtime, created by Walt Disney Imagineering, which transforms guests into personalized avatars as part of the video game experience. Players run, jump and dance through a timeline of IBM’s achievements in the history of computing, journeying from the Babbage computer, through vacuum tubes and chips and bits, to the Internet. Guests can also email their personalized version of the game to any computer, extending the Runtime experience to their home.
D23 has released some details on what we can expect from their first anniversary member-only events at the Walt Disney World and Disneyland resorts, which we share with you below. Tickets will be available beginning February 4 at 1 pm ET/10 am PT.
WALT DISNEY WORLD, MARCH 5 – COST: $140 PER GUEST (PARK ADMISSION INCLUDED)
Check-in for the event will take place beginning at 9 am at Magic Kingdom’s Guest Relations and will move to the brick kiosk at the park’s entrance at 2pm and remain there until check-in closes at 6:30 pm.
Impossible? Not any more!
“Today we’re making every animation art collector’s Courvoisier dreams come true,” said Michael Young, President of Collectors Editions, publisher of Disney Fine Art and exclusive global distributor for Courvoisier Miniatures. “I am thrilled to announce the immediate availability of Courvoisier Miniatures©, an important and unique line of Disney vintage-style animation art.”
In 1937, Courvoisier Galleries introduced original Disney animation art to the world and — for ten years — sold the brilliant pieces that today form the cornerstone of virtually every collection of vintage Disney art.
“The idea behind the new Courvoisier Miniatures program was to turn back the clock and rekindle the Disney flame of those bygone times and bring the techniques that personified Disney art in 1937 to a whole new generation,” said David Pacheco, Disney Master Artist and art director for the program. “It has been more than 60 years since Disney produced artwork like Courvoisier Miniatures. Now Disney art devotees and collectors can not only acquire real handmade Disney fine art, but acquire it at an affordable price as well.”
“This unique and exciting program of re-creating Disney art using original vintage materials and techniques was 15 years in the making”, said Ron Stark, Director of S/R Laboratories Animation Art Conservation Center in Westlake Village, California, where all Courvoisier Miniatures are made by Disney-trained master animation artists, decorated, and framed. “All the old methods and formulas now live at S/R Labs. Even our pen points are 50 years old, and are the same used to create the brilliant Disney art decades ago.”


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The venture will develop and launch Hero-branded electric two-wheelers across various Indian cities that will be powered by Gogoro’s battery network
Aiming to accelerate the electrification of vehicles in India, Hero MotoCorp entered into a joint venture (JV) with Taiwanese electric scooter manufacturer Gogoro to bring battery-sharing infrastructure into the country, company officials announced.
As part of this strategic partnership, the two companies will collaborate to build battery swapping platforms, a niche innovation of Gogoro, in the country. Additionally, they will also develop and launch Hero-branded electric two-wheelers across various Indian cities that will be powered by Gogoro’s battery network.
“This marks another major milestone in our journey as we bring Hero’s leadership in two-wheelers, our global scale and innovation powerhouse with the leadership of Gogoro in swapping business models as they have demonstrated over the years in Taiwan and rest of the world,” said Pawan Munjal, Chairman and CEO of Hero MotoCorp.
Munjal added, “This partnership will further extend the work which we are doing at our R&D hubs at the Centre of Innovation and Technology (CIT) in Jaipur and our Tech Centre in Germany. The vision and commitment of Hero and Gogoro is perfectly aligned towards the common goal of accelerating the shift to smart, sustainable electric mobility in India and around the world.”
Munjal also said that they aspire to take this partnership forward by launching their products globally, “With this new partnership, we commit to introducing a sustainable mobility paradigm, first in India and then in other markets around the world. This partnership will strengthen and expedite the Indian government’s electrification drive and will have a significant impact on India’s energy and mobility future.”
Horace Luke, Founder and CEO of Gogoro Inc, said, “We are at a critical stage in the transformation of urban mobility and the evolution of smart cities. With more than 225 million gas-powered two-wheel vehicles in India, the need for smart and sustainable electric transportation and refuelling is vital.”


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Indian Exchange Launches 23 Trading Pairs with No Fees
Another Indian cryptocurrency exchange, Koinex, has launched its trading platform, offering 23 trading pairs with no fees whatsoever. This launch comes right after the Reserve bank of India issued a ban on banks and other financial institutions to provide services to entities dealing with digital currencies.
Koinex’s Crypto-to-Crypto Trading
Crypto exchange Koinex declared last week, “We are delighted to announce the commencement of crypto-to-crypto trading on our platform,” detailing that:
“We are going live with not just one or two crypto-crypto pairs; we are launching a total of 15 token pairs, all at the same time!…This is the largest crypto-crypto pair offering by any Indian exchange and to add to this, the trading fees will be zero.”
On Saturday the exchange announced the addition of 8 more cryptocurrency trading pairs, programmed to go live on Saturday night.
Concerning deposits, the exchange said that “INR deposits via UPI and Netbanking are now live with payment gateway 2. Deposit fee is 1.18% for UPI and 2% for Netbanking.” However, Koinex restated that “all other payment methods are discontinued…All INR withdrawals are temporarily halted.”
23 New Trading Pairs
Koinex currently has 19 coins listed for trading against the Indian rupee. Its 24-hour trading volume for all cryptocurrencies is approximately $5.5 million, according to Coinmarketcap.
The platform supports nine bitcoin trading pairs, six ether, and eight ripple –a total of 23 pairs. Bitcoin and ether trading pairs are already live and ripple pairs are set to go live on Saturday night, the exchange clarified. “For the first time in the crypto world, Koinex proudly presents XRP-based trading market with 8 XRP pairs going live tonight.”
“The tokens available in the bitcoin market will be ethereum (ETH/BTC), litecoin (LTC/BTC), TRON (TRX/BTC), ripple (XRP/BTC), omisego (OMG/BTC), bitcoin cash (BCH/BTC), EOS (EOS/BTC), nucleus vision (NCASH/BTC), and request (REQ/BTC),” wrote Koinex.
Evading RBI’s Order
Zebpay, probably the largest and most popular Indian cryptocurrency exchange, also launched its own crypto trading pair, ETH/BTC, last week.
Both Zebpay and Koinex made available their crypto trading services after the Reserve Bank of India (RBI) barred banks and financial institutions under its administration from dealing “in virtual currencies or provide services for facilitating any person or entity in dealing with or settling virtual currencies.”
“Such services include maintaining accounts, registering, trading, settling, clearing, giving loans against virtual tokens, accepting them as collateral, opening accounts of exchanges dealing with them and transfer / receipt of money in accounts relating to purchase/ sale of virtual currencies,” said Koinex regarding the ban.
The exchange cautioned that RBI’s order could produce “a disruption in [its] banking services” that “may affect our capacity to service withdrawals and deposits seamlessly.”
Kali Digital Eco-Systems filed a lawsuit against the RBI for unconstitutional measures. The Delhi High Court has allowed the company’s petition to go through and issued a notice to the central bank. Other exchange services are also planning to contest the regulator as a group.