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European Shippers’ Council disapproves of the mechanism of surcharges that shipping liners launch to cover the higher rate of lower sulphur fuel. Shippers call for a dialogue with container liners to find the best mechanism to share the costs.
A new bunker adjustment factor launched by Maersk aims at covering additional costs that will arise from the upcoming global sulphur regulations. Carriers impose it unilaterally without any negotiation with shippers and ignore a market approach to the global problem. MSC and CMA CGM have recently announced plans that follow the same direction. This does not set an ideal cooperation scenario.
ESC is monitoring, through its National Councils, all current actions related to bunker surcharges and their consequences in the operational field. ESC encourages shipping liners to negotiate all freight costs with shippers to come to an agreement satisfying both sides.
Within the new commercial framework of logistics stakeholders, the imposition of bunker surcharges restrains cooperation and lacks transparency. What is most important, it decreases potential innovative solutions and results in a low acceptance by shippers. However, ESC believes that a dialogue is indispensable in reaching a mutually satisfying agreement.


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Social media top priority for UK retail advertisers in 2018: study
More than a third (36%) of UK retail advertisers say social media will be a priority for them in 2018, new data suggests.
That’s closely followed by the importance of demonstrating and measuring marketing return on investment (32%), closely followed by the importance of establishing effective metrics (28%), delivering personalisation (28%) and embracing omnichannel (24%), according to the Marin Software
State of Digital Advertising report.
Marin’s global research found that social was the most popular form of digital advertising for retailers, with 90% of retail advertisers investing in it, contrasting with 77% spending on search in 2018. That contrasts with a year earlier, when 74% of respondents reported investing in paid search while 73% cited current investment in paid social. The study also found that in 2018, Facebook was the biggest beneficiary of spending, with half of retailers allocating 84% of their paid social budget to the channel. Between them,
Voice search is set to come to the fore this year, suggests the Marin report, while Amazon is set to disrupt retail still further. Already, it says, almost 75% of online traffic takes place on Facebook and Google properties.
The report cites emarketer data to suggest that the global retail sector is growing by $723bn year-on-year, and is expected to be worth almost $26 trillion in 2020. While in-store retail remains most popular, ecommerce is growing faster will reach $2.8 trillion in 2018. Its fast growth is driven by mobile commerce, put at 34% of global ecommerce transactions and growing 200% faster than traditional ecommerce.

domain: news


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Tag: Brick & Mortar
"What I'd like to see ... is like a food truck court, or a food truck festival, out at the end of MacMillan Wharf."
Across Cincinnati, 2015 was the year of the food truck, and it looks 2016 will be the year many of those food truck owners open brick-and-mortar restaurants.
Twenty’s will offer breakfast and lunch Monday through Friday along with weekend brunch. In addition to the regular menu, popular food truck items will make appearances as specials of the day.
By Joko Magalong | ABS-CBN MANILA -- One of the food truck pioneers in the Philippines has made the leap and opened its first brick...
"The goal was always to go to a storefront—that was one of the goals of the truck," he said. "I had worked in a lot of kitchens and managed a few kitchens before, but I didn't know how to run a business."
Omaha's food truck community is growing. There are now more than 50 registered food trucks in Douglas County. Just down the street from Chicago Dawg House, Peanut Butter Johnny's food truck just opened three weeks ago.
County wants to ease concerns from brick-and-mortar restaurants about food trucks taking away business
She had planned to add a food truck this year rather than a second location. Then, she says, "I heard rumblings that this opportunity was there and so, I talked to the garden and it worked out."
The food trucks on hand for the inaugural run will include: Tiger Monkey Korean, bao bun expert Night Shift, Austin-style barbecue rig Owlbear, Denver favorite Taste of the Philippines, and one more yet-to-be-named vendor.


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Ajith may keep a low profile, to the point of being reclusive, most of the time. But when he comes out, the Thala sure makes a stylish splash
The Mankatha actor, who is just wrapping up Arrambham, is said to have gone shopping for a prized BMW bike when he was abroad shooting for the film. Now that it’s arrived, Ajith has been riding it and also posing for pics. Ajith‘s passion for biking and racing is well-known and he never loses an opportunity to challenge himself on a new set of wheels.
Though he loves speed, Ajith is all for safe and responsible riding. Recently, he backed a campaign to create awareness about wearing helmets while riding.
Take a look at Ajith’s new bike, a coveted one for sure.


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Mahindra has announced that it will invest Rs 7,500 crore in capacity expansion across its verticals. This money will be spent on the automotive and the tractor business over a period of three years.
The company has set a capex of Rs 2,500 crore a year that will cover the firm's automotive and farm equipment businesses including SUVs, two wheelers, commercial vehicles and tractors. This investment will also cover new product platforms along with facelifts that has been planned for future.
"We have had some product gaps but new product launches have started and these new products will pull us out. The Rs 7500 crore capex will include two new compact SUV platforms as well as new intermediate commercial vehicles (ICV) and medium commercial vehicles (MCV) platforms," said Pawan Goenka, group president, auto & farm sector, Mahindra.


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[German]Microsoft released update KB5021751 for Microsoft Office 2007 – 2013 on January 17, 2023 to track down users who are still using these outdated versions of Office. There was some puzzlement as to what this was all about. Now Microsoft has at least assured that the update is not meant to spy on users and respects privacy.
Review: Office update KB502175
Microsoft Office 2007 and Microsoft Office 2010 have long since fallen out of support at Microsoft and no longer receive any security updates. For Microsoft Office 2013, support with security updates (Extended Support) ends on April 11, 2023 (see Microsoft Office: End of Life dates and feature drops in 2023).
Microsoft then released the optional update KB502175 on January 17, 2023. Update KB5021751 is available for the Microsoft Office 2007 and Microsoft Office 2010 packages that have long since fallen out of support, as well as Microsoft Office 2013, which will fall out in April 2023.
Microsoft provided an interesting explanation of the update's purpose: "This update is intended to help Microsoft identify the number of users who are using unsupported (or soon to be unsupported) versions of Office, including Office 2013, Office 2010 and Office 2007. This update will run once in the background, without the need to install anything on the user's device.
Of course, this aroused nasty fears about what Microsoft intends to do with it. Especially since this update is distributed via Windows Update. After the download, the update is then installed, a restart is not required. The update analyzes the system when it is executed in order to report the Office versions found via telemetry. However, Microsoft does not disclose what information is transmitted during the analysis.
Microsoft's clarification on privacy
Coverage of the update had made waves (I reported in the blog post Update KB5021751 (from Jan. 17, 2023) identifies outdated Office versions). Now Microsoft has updated its support post on update KB5021751 to specify more details on how Bleeping Computer came to attention. Now the support post additionally states:
Versions of Office that are no longer supported do not receive security updates that provide the latest protections against known vulnerabilities. Also, unsupported versions might face performance and reliability issues over time.
This update gathers diagnostic and performance data to estimate the usage of installed Office versions to determine how best to support and service these systems. This data is gathered from registry entries and APIs. The update does not gather licensing details, customer content, or data about non-Microsoft products. Microsoft values, protects, and defends privacy. For more information about our privacy principles, see Privacy at Microsoft.
One probably wants to know how many systems are at risk from known Office vulnerabilities. In addition, unsupported versions may experience performance and reliability issues over time, Microsoft says. It then adds that the update collects diagnostic and performance data to estimate usage of installed versions of Office and determine how best to support and maintain those systems. This data is collected from registry entries and APIs.
Microsoft is adamant that the update does not collect licensing details, customer content or data about non-Microsoft products. Microsoft assures to protect and respect the privacy of the users.
TTip: If you do not want to install this update, you should block it under Windows 10/11 as a precaution. This is possible, for example, with the tool wushowhide.diagcab, which is now available again.
0patch supports Office 2010 with micro patches after the end of support (EOL)
Update KB5021751 (from Jan. 17, 2023) identifies outdated Office versions
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Consumer products giant Unilever said Thursday it is aiming for a “more inclusive vision of beauty” in its skin care products and will remove words such as “fair,” “whitening” and “lightening” from its products, a move that comes amid intense global debate about race sparked by the Black Lives Matter movement.
As part of the shift, Unilever will in coming months change the name of its “Fair & Lovely” product that is used for skin-lightening and sold in Asia, the company said.
“We are fully committed to having a global portfolio of skin care brands that is inclusive and cares for all skin tones, celebrating greater diversity of beauty,” Sunny Jain, the head of Unilever’s Beauty & Personal Care. “We recognize that the use of the words ‘fair’, ‘white’ and ‘light’ suggest a singular ideal of beauty that we don’t think is right, and we want to address this.”
Read more at YAHOO NEWS.


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This year’s DairyFest drew about 6,000 people Saturday to the Curry County Events Center.
That’s a little more than half the 2009 draw of 11,000, said Michelle Heavyside, founder and director of United Dairy Women, which sponsors the annual event.
“I believe the heat had something to do with that,” Heavyside said in reference to triple-digit temperatures.
The event, with $1 admission, included demonstrations and interactive booths, games for kids and free samples of dairy products like milk, cheese and yogurt.
The event started in 2005. It was not held last year due to scheduling conflicts at the events center.


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Cocoa rebounded in London before the delivery of the December futures contract tomorrow amid speculation bean arrivals at ports in top producer Ivory Coast will start to slow next year. Robusta coffee advanced.
Bean deliveries to Ivorian ports were 42 percent higher from Oct. 1 through Dec. 8, estimates KnowledgeCharts, a unit of Commodities Risk Analysis in Bethlehem, Pennsylvania. While arrivals are ahead of last season, they may start to slow early next year, according to Edward George, head of soft-commodities research at Lome, Togo-based lender Ecobank Transnational Inc. (ETI), which finances the cocoa trade in West Africa.
“Last season started really poorly and everyone was really worried, but then it picked up,” George said by phone today. “I think we’ve got the absolute opposite here. We’ve got very high arrivals because it’s a good start of the season, you’ve got lots of traders trying to buy up desperately because they are really worried that there will be a slowdown in January.”
Cocoa for March delivery rallied 1 percent to 1,752 pounds ($2,874) a ton by 11:46 a.m. on NYSE Liffe in London. The December futures, which expire today, were at 1,732 pounds a ton. In New York, cocoa for March delivery gained 1.2 percent to $2,789 a ton on ICE Futures U.S., with futures trading volumes were 33 percent higher than the average for the past 100 days at this time of day, data compiled by Bloomberg show.
The beans use to make chocolate gained 22 percent this year as supplies are set to fall short of demand for a second year. The deficit amounted to 160,000 tons in 2012-13 and another shortage is expected for the 2013-14 season, according to the International Cocoa Organization in London.
Futures for delivery in December were trading at a discount of 24 pounds a ton to the March contract. That compares with 12 pounds a ton yesterday and 21 pounds a ton at the end of last week, data compiled by Bloomberg show. The open interest in the December futures was 9,909 contracts as of Dec. 10, according to the data.
Cocoa arrivals at Ivorian ports amounted to 611,000 tons from the start of the season on Oct. 1 through Dec. 8, KnowledgeCharts data showed. That compares with 431,000 tons in the same period a year earlier. Ivory Coast will produce 1.37 million tons of cocoa this year, estimates Ecobank. That’s below a government forecast of 1.4 million tons.
Robusta coffee for March delivery rose 0.7 percent to $1,760 a ton on NYSE Liffe. Arabica coffee for delivery in March gained 0.6 percent to $1.104 a pound on ICE.
Refined, or white, sugar for March delivery was 0.1 percent lower at $448.50 a ton in London. Raw sugar for March delivery was unchanged at 16.51 cents a pound in New York.
To contact the reporter on this story: Isis Almeida in London at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Carpenter at email@example.com


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- The Search Agents - http://www.thesearchagents.com -
Google takes some heat over Google+
Posted By Camille Canon On January 25, 2012 @ 3:53 pm In Featured,News,Social Media | No Comments
It seems like we can’t make it through a week in January without Google sparking controversy over its social network Google+. With the network’s introduction of a new user pseudonym policy and an automatic opt-in for all new Gmail accounts this week, it looks like the debates around Google+, privacy, and the integrity of Google’s search results are just getting started.
Check out the following resources to read more on the criticism Google’s Search Plus has received to date:
The debate over Google+ and Search Plus doesn’t stop here, though. With the recent introduction of Google’s new username policy and its automatic Google+ opt-in for all new Gmail accounts, we can expect to hear a lot more from the privacy advocacy community as well as Google’s competitors.
Google+ now allows pseudonyms (well, not really)- The debate over online identity and the use of pseudonyms on social networks has been an on-going topic within a larger discourse about privacy, public identity, freedom of thought and expression, and advertisement in the digital era. Google Plus weighed in on this debate on Monday and changed their policy to allow users to use nicknames and pseudonyms on the network.
Don’t get too excited. This doesn’t mean we will be able to revive our old AIM usernames. Google will only allow users to use nicknames, maiden names, or pseudonyms if the user can prove to Google through the proper documentation that he or she is publicly known under that name either on- or offline. If Google flags a user profile that it suspects to be operating under a pseudonym, Google requests the user provide substantial proof  of their identity though “references to an established identity online in print media, official documentation, or proof of an established online identity with a meaningful following.”* “We want to build a product that is for humanity at large, and we recognize people have many notions around identity and ways to represent themselves,” states Bradley Horowitz in a Google+ post  announcing the change. “We want to be as inclusive as possible while still ensuring the integrity of the system and the community.”
Automatic Google+ opt-in- Google Operating System  (not affiliated with Google) broke the news on Friday that users can no longer sign up for a new Gmail account without automatically creating a Google Profile and joining Google+. In response to Google Operating System’s post, a Google spokesperson explained , “We’re working to develop a consistent sign-up flow across our different products as part of our efforts to create an intuitive, beautifully simple, Google-wide user experience. Making it quick and easy to create a Google Account and a Google profile enables new users to take advantage of everything Google can offer.”
Focus on the user- Developers at Twitter, Facebook, and MySpace have developed a demo , which allows users to view how often Google ignores relevant results from other social networks in favor of its own Google+ profiles. The tool relies entirely on Google’s own data. Here’s how it works , “If Google decides that it’s relevant to surface a Google+ page as a result in any of the areas where Google+ content is hardcoded , the tool searches Google for the name of the Google+ page. Then, the tool identifies the social profiles within the first ten pages of Google results (top 100 results). The ones Google ranks highest — whether they are from Flickr, Twitter, Facebook, LinkedIn, MySpace, Quora, Tumblr, Foursquare, Crunchbase, FriendFeed, Stack Overflow, Github or Google+ — replace the previous results that could only be from Google+. This tool is offered as a bookmarklet , which is a small bit of code that runs in a web browser and temporarily enables additional functionality.”
What do you think about Search Plus? How has it impacted your Google search experience? And has it changed your opinion of Google+?
* Italics added by author.
Article printed from The Search Agents: http://www.thesearchagents.com
URL to article: http://www.thesearchagents.com/2012/01/google-take-some-heat-over-google/
URLs in this post:
 “Search Plus Your World,”: http://googleblog.blogspot.com/2012/01/search-plus-your-world.html
 online privacy advocates: http://epic.org/privacy/EPIC-FTC-Google-Search-letter.pdf
 settlement: http://news.cnet.com/8301-31921_3-20048771-281.html?tag=mncol;txt
 Google tying Google Plus and many more-: http://www.benedelman.org/news/011212-1.html
 Ben Edelman: http://www.thesearchagents.com/2011/04/ben-edelman-on-disclosure-labels-in-paid-search/
 Is too much plus a minus for Google?-: http://www.wired.com/epicenter/2012/01/too-much-plus-a-minus/all/1
 Real-Life Examples Of How Google’s “Search Plus” Pushes Google+ Over Relevancy: http://searchengineland.com/examples-google-search-plus-drive-facebook-twitter-crazy-107554
 Google’s job as a search engine: http://searchengineland.com/search-engines-should-be-like-santa-107400
 substantial proof: https://plus.google.com/u/0/113116318008017777871/posts/SM5RjubbMmV
 Google Operating System: http://googlesystem.blogspot.com/2012/01/new-google-accounts-require-gmail-and.html
 demo: http://www.focusontheuser.org/faq.php
 areas where Google+ content is hardcoded: http://www.focusontheuser.org/examples.php
 bookmarklet: http://en.wikipedia.org/wiki/Bookmarklet
 Privacy Day on Facebook: http://www.thesearchagents.com/2009/12/privacy-day-on-facebook/
 Facebook Introduces New Privacy Controls: http://www.thesearchagents.com/2010/05/facebook-introduces-new-privacy-controls/
 The Continuing Battle for Privacy: Firefox 22 to Block Third Party Cookies in Firefox by Default: http://www.thesearchagents.com/2013/02/the-continuing-battle-for-privacy-firefox-22-to-block-third-party-cookies-in-firefox-by-default/
Copyright © 2009 The Search Agents. All rights reserved.


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Microsoft has begun whipping up enthusiasm among its partners for next month’s release of the newest version of Great Plains, the first step of integrating its collection of four business management applications under one roof.
”We’d like to see our partners add capacity (sales and implementation staff),” Lynne Stockstad, general manager for what is now called Dynamics GP, said Wednesday at a partner event in Toronto.
Partners from across the country were there to be briefed on GP 9.0, which will be available Dec. 19. It promises to take greater advantage of Web services, deeper integration with Microsoft Office, an Outlook-type interface, enhanced business intelligence tools, a role-based desktop and a portal giving suppliers the ability to access GP. There will also be consulting toolkits and Vertical PowerPacks to help partners with implementations. Microsoft’s effort to bring products like GP, Navision and other products together is code-named Project Green
Pricing of 9.0 is the same as the previous version (US$42,000 for GP Standard), but the Developer’s Toolkit has been slashed by almost a third to $4,500 to encourage partners and ISVs to build on the platform.
However, 160 Web services components needed to take full advantage of GP 9’s capabilities (called Extensions) won’t ship until the middle of January.
GP partners interviewed by ITBusiness.ca said they are looking forward to the release. “It’ll be fine for (selling to) new clients,” said Brian Smallwood, product manager of Accsoft Business Solutions of Toronto, after Stockstad’s presentation. “It’s got a lot of enhancements, there’s the dashboard look – it’s a typical Microsoft product and has the integration to Microsoft Office. Integration is a huge thing for us. We use that a lot when we try to sell the product.”“It’s going to be a nice version,” George Braun, president of TGO Consulting, a Markham, Ont. solution provider, said in a pre-launch interview. His company counts on the application for about 90 per cent of the company’s $8 million in annual revenues.
Brent Twist, CEO of Encore Business Solutions of Winnipeg, believes 80 per cent of Great Plains users will want to upgrade in the next six months.
Great Plains is grouped under the Microsoft Business Solutions division, along with ERP siblings Axapta, Navision and Solomon. Although targeted at different markets, there is some overlap, which causes confusion among customers as well as partners. Sometimes a Great Plains VAR, for example, will find itself bidding for a deal with a Navision partner.
Because all four applications were acquired by Microsoft they also come with different code bases and toolkits. So several years ago the company promised to eventually merge them into one. Customers weren’t enthused at the original plan, which suggested there might be a need for complex porting.
Earlier this year Microsoft released a new roadmap, vowing to use Web services and a service oriented architecture to bring the applications together. Eventually the product will have one name: Microsoft Dynamics, although there will be versions tailored for small, medium and large businesses as well as verticals. But for now the four applications have been renamed Dynamics GP, Dynamics AX (Axapta), Dynamics NAV (Navision) and Dynamics SL (Solomon).
GP 9.0 is “a stake in the ground to delivery of the roadmap that we promised,” said Stockstad.
However, marketing for the product will kick off in March, timed to take advantage of a customer conference and the launch of Dynamics CRM 3.0.
Dynamics AX and NAV will have new releases in the second quarter of next year, while SL 7.0 will come out later. There will be an attempt to give all a similar interface.However, there will be another round of releases in 2007. The new unified code base not expected to emerge until at least 2008.
According to Gartner analyst Billy Maynard, Microsoft will achieve the converged platform by adopting integrating Web services into the four applications in two waves.
For GP 9.0, this first wave of services will help users perform a range of functions such as create accounts or process general ledger transactions. Developers or ISVs who want to build specialized functions will be able to do so through Visual Studio 2005.
Maynard and other analysts believe GP 9.0 will be welcomed by buyers and partners. “The integration to Office and the (new) user interface . . . is going to be well-received,” Maynard said. Another improvement which will score well are templates for creating 21 role-based interfaces so certain users can have quick access to particular information.
The improvements are “going to be enough to make most of the GP customers make a serious evaluation of whether they should upgrade.”
As for partners and ISVs, “the fact that they’re exposing Web services and making them available through Visual Studio 2005 will make it easier for them to develop their own extensions or industry solutions that compliment Great Plains.”
“It will be a winner for them,” said Forrester Research analyst Paul Hamerman.
Longer-term, however, Microsoft faces big challenges. Creating the new architecture will take three or four years, Hamerman noted.
“It becomes an engineering challenge,” said Chris Alliegro, an analyst with Directions On Microsoft. “How do you take four products and converge them to a single code base, one back-end set of data structures and a consolidated set of programming interfaces in such a way customers and third party applications can migrate.
“It’s hard to imagine that Microsoft can do this in such a way that there aren’t fairly complex data migrations.
“It’s probably almost impossible.”
Microsoft isn’t alone in that boat: Oracle is trying to do the same as it merges it’s newly-purchases PeopleSoft and J.D. Edwards applications with its E-Business Suite.
But it has to be done as competition for mid-market ERP applications intensifies. In addition to Oracle, SAP has created a version of its R3 enterprise ERP application called All-In-One, while for mid-size and small companies it offers a Windows-only suite called Business One.
But Stockstad told partners not to worry about SAP, saying All-In-One isn’t suited for the mid-market, while GP 9.0 has greater flexibility and more features than Business One.
As for Microsoft’s partnership with SAP to deliver Office integration with its products, she noted deliverables are a year away, but GP 9.0 is ready now.
Comment: [email protected]


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When the Popcorn Time app brought BitTorrent streaming to the masses this year the “Netflix for Pirates” gained the hearts of millions. Today, one of the most popular Popcorn Time forks expands the potential user base further still with the release of an iOS app, jailbreak only for now.
The Popcorn Time phenomenon is one of the biggest piracy stories of the year thus far.
The software amassed millions of users by offering BitTorrent-powered streaming in an easy-to-use Netflix-style interface.
When the original version shut down various forks continued the project, each releasing their own features. One of the most-used Popcorn Time versions comes from time4popcorn.eu, who remain very active on the development side.
After previously rolling out an Android version and Chromecast and Apple TV support, today the fork released the first Popcorn Time app for iOS. The first release requires a jailbreak and can be accessed through the Cydia platform.
TorrentFreak spoke with the developers who say they are working on a solution for non-jailbroken devices as well, but that will take some more time to complete. Nonetheless, they are happy with the progress they’ve made thus far.
“After only 5.5 months, Popcorn Time is available on all major platforms! And this is only the beginning. Our future plans are huge,” the time4popcorn.eu team notes.
The iOS app is currently missing some features that are available in the desktop version. Chromecast and Apple TV support are still works in progress, likewise the built-in VPN.
The standard functionality appears to work just fine, provided that there’s enough bandwidth available to stream the video files via BitTorrent.
The developers have released the iOS source code under a GPL V3 license, which allows others to extend and improve it. The team itself will also continue to work on improving the code, and they promise to release more “exiting details” on the application’s future in a week or two.
Full article is here : Popcorn Time now available as iOS app
TorrentFreak – 09/30/2014


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Shake Shack increased the projected price range for its initial public offering of stock in the burger chain.The fast-growing company, which began as a New York City hot dog cart in 2001, said in a regulatory filing Wednesday that it now anticipates its IPO of 5 million shares to price between $17 and $19 per share. Its range had been between $14 and $16.Based on the new estimated price range, Shake Shack may raise up to $95 million.In 2013, Shake Shack posted revenue of $84.5 million, up 45 percent from the year before. It had a profit of $5.4 million in 2013, up 31 percent.Restaurateur Danny Meyer's first location, or stand, was in Manhattan's Madison Square Park. Three years later a more permanent kiosk opened in the same park. Privately held Union Square Hospitality Group now has 63 restaurants in nine countries.Shake Shack promotes its use of natural ingredients, including hormone- and antibiotic-free beef. It's known for its long lines and vibrating pagers that let diners know when their order is ready.Shake Shack's stock is expected to list on the New York Stock Exchange under the "SHAK" ticker symbol.The company plans to give IPO underwriters the option to buy up to 750,000 additional shares.
Shake Shack raises projected price range for its IPO


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Amazon is expressing concerns about a slew of bills making their way through Congress, telling a group of firms who sell on Amazon’s marketplace that the proposed legislation might harm them. According to CNBC, the firms were advised to contact Amazon policy specialists to learn more.
“We are concerned that they could potentially have significant negative effects on small and medium-sized businesses like yours that sell in our store,” the company reportedly said in the emails.
The emails come as big technology companies face increasing antitrust regulation on many fronts, including antitrust legislation sponsored by a bipartisan group of legislators. Two of the measures may have a direct impact on Amazon’s connection with third-party sellers by prohibiting them from compelling merchants to purchase Amazon items to enhance search results or get access to the company’s marketplace.
Furthermore, the US Federal Trade Commission is currently led by Lina Khan, an antitrust reformer who has written extensively on how antitrust rules should be applied more liberally to the IT sector. Khan has received requests from both Amazon and Facebook.


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In today's top Apple news stories:
- Major League Baseball coaches and team personnel can wear Apple Watches in the dugout
- Wired has a cool idea for secure communications - use an iPod touch
- Apple will avoid "Bendgate" with future iPhones by using a new aluminum alloy
The transcript of today's podcast can be found below...
Hi, I’m Steve Sande from Apple World Today, and this is the AWT News Update for August 19, 2015.
It’s official - Major League Baseball is going to allow coaches and team personnel to wear Apple Watches in the dugout during games as long as the devices aren’t used for communication. The issue of allowing the Watch during games came up when Kansas City Royals manager Ned Yost was seen wearing his Apple Watch during a game against the Cincinnati Reds. He had received the watch — only a Sport Edition, by the way — from MLB after being the American League manager in this year’s All-Star Game. As Yost noted, the device is merely a watch when it’s away from an iPhone, and cellular phones are already banned from the playing field. Things may change later this year when watchOS 2 brings expanded Wi-Fi connectivity to the Apple Watch platform.
Wired Magazine’s Joseph Cox has an interesting idea for those who want the most secure communications on the planet — use an iPod touch. The fact that it doesn’t use cellular networks, plus the nice feature of having excellent encrypted comm apps in the App Store, makes the iPod touch the perfect communicator for those who must keep their calls secret. Of course, you’ll need to be near a Wi-Fi network and keep it updated, but if you can lock down the device with a strong password, keep all automatic iCloud backups and sharing apps off of the touch, and use a dedicated device for nothing but communications, you’re in business. Cox suggests an app called Signal from Open Whisper Systems that encrypts instant messages and voice calls with ephemeral keys that change. Since all iPods are now being banished to the accessory racks at Apple Stores, you may need to look closely to find an iPod touch, but if you really have a need for private communications, it’s a pretty good way to go.
It appears that Apple wants to avoid the non-issue of bendgate, which was the alleged problem with the original iPhone 6 and 6 Plus in which the devices would bend if put under enough pressure. Well, someone at Unbox Therapy got their hands on an supposed iPhone 6s shell and it appears that Apple is now using 7000-series aluminum, an alloy used in the Apple Watch Sport Edition. The alloy is much harder than the original aluminum used, and a YouTube bend test shows that the new shell is much stiffer than the original.
I’ll be back tomorrow afternoon with another edition of the AWT News Update.


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When I initially heard about the possibility that Apple would make a "smart" watch, I was skeptical. Anyone who needs the capabilities of such a device, I reckoned, is already carrying one in her pocket (that would be a smartphone). And even Apple would be challenged to make it look fashionable enough for the non-nerd masses.
Despite news that Apple is indeed seriously looking at producing an iWatch for release later this year, I'm still skeptical, for all the same reasons. Plus another: Does this watch really need to run the full iOS mobile operating software given the evidently unacceptable drain on battery life? The more a smart watch needs to be taken off the wrist to recharge, even every couple of days, the less it becomes the truly always-on device that would seem to be its key attribute.
But as details emerge, however sparse and lightly sourced they may be, such a product is looking more likely--and, I must admit, more logical and even attractive for Apple. Here's why:
* Apple apparently is indeed working on it, with a team of 100 product designers. That looks like more than an experiment. It's hard to believe that even if the product's design isn't well along the road already, those folks won't come up with something compelling.
* There's utility in a device that can relay information with no need for user intervention beyond a glance. Unless you carry your iPhone in your hand all the time, it still takes a certain amount of effort to pull it out of a pocket or purse and swipe to an app. And every time you get an iPhone in your hand is another chance to drop it or lose it.
* The features make sense, in particular the limited nature of them. According to Bloomberg:
Features under consideration include letting users make calls, see the identity of incoming callers and check map coordinates, said one of the people, who asked not to be identified because the plans aren’t public. It would also house a pedometer for counting steps and sensors for monitoring health-related data, such as heart rates, this person said.
* Indeed, a watch provides something no device that mostly sits in a pocket or is surrounded by a protective case does: the ability to sense what's going on with the wearer and in the surrounding environment. Unlike a smartphone, a watch is always in direct contact with the skin, which means it can relay a unique set of data on body functions.
For all that, I don't put much stock in implicit claims in some news coverage that Apple will do this because its stock has plunged to a 52-week low. I bet CEO Tim Cook cares about what Wall Street thinks almost as little as Steve Jobs did. Nor do I believe that he feels the need for a quick profit-boosting product as the iPhone boom ends, though of course Apple is a company that, like any ambitious company, aims to make unreasonable profits. But despite multibillion-dollar estimates of the entire watch market, which have nothing to do with whatever market Apple will be helping to create with an iWatch, the fact is no single product is going to supercharge Apple's already huge revenues anytime soon.
No, Apple will make a smart watch largely because Cook & Co. think they can add value not just to what we think of as a watch today--a piece of jewelry that is steadily losing favor as a fashion accessory--but to the overall experience of computing and communications. If it can, the revenues and profits will follow. Apple customarily puts the horse before the cart.
Moreover, an iWatch will likely be less important, at least initially, as a revenue or profit generator than as something that will make other Apple products more valuable. In particular, an iWatch full of sensors would make an iPhone even more valuable to people, just as Apple TV, for example, makes a Mac or an iPhone or an iPad more valuable.
So don't expect an iWatch to boost Apple's stock price, beyond an initial blip when it's announced. The bigger deal is what it will do years down the road, if it's successful, to bolster a steadily expanding, self-reinforcing set of Apple products and services.


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While the Indian government has banned its banks from supporting cryptocurrency exchanges, the country is home to a thriving blockchain community. Here’s a list of 10 Indian cryptocurrency projects worth keeping tabs on. This list is by no means conclusive—if you know of any Indian cryptocurrency projects that should be on the list, please let us know in the comments.
It may not come as a surprise, but the cryptocurrency world is dominated by tech-savvy coders who hail from nations that are at the forefront of technological development. The real surprise is the fact that most cryptocurrency projects are not American in origin. (They’re also not Chinese, despite what a lot of people think.) Recent years have seen a surge of cryptocurrency projects coming from parts of the world that many of us don’t associate with tech innovation. One country that has proven itself to be a real force in the cryptocurrency world is India, which we take a closer look at in this article.
The cryptocurrency markets have slowed down recently, but they are far from dead. In fact, some of the top cryptocurrencies are located in India. Even though the country has had some problems with regulation, there are many reasons to be positive about the future of cryptocurrency in India. (Interested in finding out about the top 10 cryptocurrency projects from India? Keep reading!) Blog Post Intro: (Link to a top 10 cryptocurrency project from India). Read more about next big cryptocurrency and let us know what you think.Despite what the government says about cryptocurrency and digital asset markets, there are still plenty of blockchain projects in India. We see some of the largest decentralized projects in the world coming out of India. Companies like Coinbase are starting to see that we are a young and interested market for crypto-currencies. With a variety of assets popping up in the markets, investors are looking for new opportunities outside of digital gold stocks. Many of these cryptocurrency projects have great goals and are capable of solving real problems. In this article, we take a look at the top 10 Indian cryptocurrency projects that are very promising due to their excellent founders and market performance. The real reason for this huge increase in adoptions in our country is excitement. Our young people are excited about crypto-currencies. While some do their homework before investing, others just gamble on Mr. Musk’s tweets. Well, that’s a topic for another day. If you look at the search trends chart below, you can clearly see that people want to explore markets and look for opportunities. Here we present some of India’s best crypto projects that have the potential to grow into multi-billion dollar valuations in terms of market capitalization :
1 Polygon (MATIC)
Polygon previously Matic Network is working to solve the biggest problem with blockchain technology: Scalability and instant block generation. A network built in a decentralized ecosystem eliminates complexity in the user experience, lowers gas costs and, most importantly, increases throughput through a tree architecture of side chains. For more information on the technical aspects, read Polygon’s white paper. An Indian startup has become a crypto unicorn: Polygoon travel is a source of inspiration Well-known examples of the use of Matic include gambling networks, decentralized exchanges, and blockchain payment systems. All of these applications are deployed on a scalable platform that allows users to enable open identity and atomic exchanges. To understand the token economy, here are some important parameters and their respective values: The market capitalization is $10 billion. Reverse Offer – 4,877,830,774 MATIC Tokens The price of the token is $1.92. The currency has had its ups and downs in recent years, but now it seems that its value is only increasing. The cost has gone from 10 cents to $1.9 in three months.
2 WazirX (WRX)
WazirX is an interesting project coming from an exchange platform. The company has built its foundation to become one of the best cryptocurrency exchanges in India. Nishal Shetty, founder and CEO, has over 10 years of experience in developing products that solve real world problems. When we talk about toko economy, it has a lot to do with the stock market itself. The more users attracted, the higher the value of the company, which is reflected in the price of tokens. These are the details of the WRX that have been revealed so far: The market value is $589 million. Tradable supplies – 293,763,596.01 WRX The price of the token is $1.94. The performance of WRX tokens has been excellent so far, and the company deserves credit for the way it is increasing the value of WazirX tokens. Up to two million are burned or destroyed each quarter, reducing supply and increasing total value. Since its launch, the token has gained momentum and investors have seen returns of 300% in their portfolios through Q1 2021. From March to April we saw a doubling of the value of the coins. If this trend continues, we see great potential for WRX and investors will enjoy huge returns. For a platform like WazirX, it’s all about user growth and how it compares to its competitors. If it continues to grow in the Indian market, the currency will appreciate in value.
3 Frontier (FRONT)
This project is one of the flagship projects of blockchain agnosticism. The Frontier or FRONT token adds value to users by helping them create applications on the Ethereum network. The company’s ultimate goal is to successfully provide cross-chain bridges for various challenge protocols. If the project is well integrated, users will be able to track, manage, trade and bid on different token ecosystems such as Cosmos or Binance Chain. The company is following its original roadmap and recently launched the Frontier Chain Testnet in April. We can expect Mainnet to launch in the second quarter of 2021, with the remaining quarters devoted to fully establishing the company’s position in blockchain and decentralized key management. Here are some current and economic indicators for FRONT: Market capitalization – $78 million Fully diluted market capitalization of $209 million. Current bid negotiable – 15,650,000 FRONT The price of the token is $2.1. The price history shows a downward trend, and from an all-time high of $6.99, the price has dropped nearly $4. Markets are currently extremely volatile and projects of this magnitude are likely to consolidate before they get underway. This can be seen in the graph below:
4 MahaDAO (MAHA)
MahaDAO is a transaction-free platform with a user-friendly interface. This is a unique project designed to help owners of digital assets increase the value of their assets. MahaDAO is an autonomous organization that proposes a stable value currency called ARTH to combat the current economic climate. By enabling investors to influence stability premiums and savings rates, MahaDAO aims to prevent asset devaluation. The company has a team of nine employees covering technology, marketing, design and legal matters. The creation of something like a decentralized reserve bank is a fairly new phenomenon in the crypto space. The same borrowing concepts, such as DSR and emergency stop, can be used. The platform also allows users to capture their tokens with their pledges. These are the basic facts about MahaDAO: Market capitalization – $10 million. Fully diluted market value is $63 million. Offered for sale – 1,611,619 MAHA pieces The price of the token is $6.35. Although the fundamentals are there and the company is recognized as the first in the world to create an incentive stablecoin, the price has dropped significantly from $13 to $6. However, we are seeing a trend reversal and the token could see a decent pump in the coming weeks.
5 Unmarshall (MARSH)
Unmarshal was launched to address the daunting demands of the blockchain’s data access layer. Since scalability is a big issue for blockchains like Ethereum and Polkadot, Unmarshal has developed a unique solution to disrupt the Defi data space. While data outside the chain are essential for transaction data verification, they are equally important for strengthening the economy within the chain. That’s where Unmarshal comes in, by making infrastructure more accessible to multi-channel data. The main features of Unmarshal are tax determination, historical pricing and profit and loss tracking. New modules are expected to be added to the infrastructure to provide users with multiple data paths. Here is a tocan economy for the unmarshall: The market capitalization is $28 million. The fully diluted market value is $398 million. Traffic – 7, 096, 098. 29 MARSH The price of the token is $4.04. MARSH’s performance has declined in recent months, but can be considered a buying opportunity for a long-term investment. Based on the deployment scenarios and underlying technology, Unmarshal has the potential to do so for at least two years. It could reach $10 in the next few years.
6 EasyFi (EASY)
This is another one of those cryptocurrency projects trying to solve the scalability problem of blockchain technology. Because credit protocols operate on public networks, they make transactions more transparent when it comes to financial products. EasyFi is compatible with the Ethereum network, so we can expect more Defi applications to be built using this platform. Here are some numbers you should know: Market capitalization – $26 million The fully diluted market value is $105 million. Circulation Device – 2, 525, 833.87 EZ The price of the token is $10.54. It rose to $36 and reached its all-time high in April, but also fell nearly 200%. It is currently trading around $10, so we could see a move back to previous levels, but it is unlikely to happen in the short term.
7 Razor Network (RAZOR)
Unlike most projects, Razor Network is determined to find an efficient and sustainable Oracle solution that improves off-chain performance and addresses trade-offs between and security. In the fourth quarter of 2020, the company raised $3.7 million from various investors, including NGC Ventures, Spark Digital Capital and Alameda Research. The company recently announced that it will be launching modern Dapps for developers. The founder also said in a recent interview that Eth 2.0 could accelerate their progress. RAZOR’s current profitability is shown below: The market capitalization is $18 million. Fully diluted fair value is $250 million. Circulation feed – 74, 425, 112.00 RAZOR Token price – $0.2407 The company launched its currency in 2019, and the value hasn’t increased much since then. The stock hit a record high of $0.96 last year and has since fallen. The potential remains uncertain because we are not yet 100 percent sure that oracles will be needed to connect smart contracts to the outside world for a scalable blockchain environment. If blockchain engineers can figure out a way to do this, the value could drop even further.
8 Reading (PCNT)
This is another exciting crypto-currency project from India with the sole purpose of creating hyper-creative games and apps. Playcent believes it can easily penetrate markets because it needs less time and capital to develop applications. The underlying technology used by Playcent is built on Ethereum and runs on the Matic blockchain. Developers and users play an important role in such an ecosystem. Each group must either create templates for the application or contribute content. You will receive PCNT tokens from the reward pool. The main features of the platform are the CDN and the reward mechanism. It provides everything the content creator needs to build custom applications using existing Playcent modules. More information about tokeconomics can be found here: The market capitalization is $8 million. The fully diluted market value is $33 million. Traffic Facility – 16, 014, 308.00 PCNT Price of tokenPrice – $0.5526 Historical performance shows consistency in value and volume, so it has the potential to reach the $1 mark. As NFTs gain popularity, this platform may receive more attention from content creators, which will result in PricePrice’s price increasing. Here’s what the chart of the trade looks like for the last three months :
9 Nord Finance (NORD)
Nord Finance is a project with advanced decentralized technology that enables transactions at zero cost and interoperability between chains. This project is similar to the others on this list. However, it adds a unique feature called Nord Loan that allows Defi users to leverage their digital assets in case of emergency. The 2021 roadmap begins with the introduction of North Savings and the listing of $NORD. Next, programs such as credit counseling and northern security are offered. Nord Finance also has many ecosystem partners that are leaders in the cryptocurrency markets, and some of them include Polygon, Elrond, and Chainlink. Here are some important details about tokens that you should know: Market capitalization – $10.5 million. Fully diluted market capitalization is $76.6 million. Power supply for traffic – 1, 362, 480.06 NORTH The price of the token is $7.69. In the last 24 hours, the value of the token has increased by 38% and we have seen a positive upward trend in recent weeks. A few months ago, the currency reached an all-time high of $9.16, and now it has dropped to $8, so the recovery is helping the currency reach its previous all-time high. If the trend continues with no bad news on the major cryptocurrencies, NORD investors should see a nice gain in their portfolio.
DefiDollar is a crypto-currency project designed to unlock the future of stablecoins. They have a wealth management system that allows users to earn a regular amount of money every month by betting on stable coins. This company believes that culture is the only answer to low liquidity and volatility. Here are some of the key areas of today’s economy: Fully diluted fair value was $2.9 million. Maximum bid – 2, 836, 252 DUSD The price of the token is $1.02. As a stable currency, it has shown no signs of 2x or 3x, but DUSD is up 10% during the recent surge. The past three months have seen many ups and downs, but overall the currency has maintained its value. It is expected to hitch a ride with other altcoins for a few more weeks.
These recent market excesses do not mean that we are in a bull market. The fear index has dropped significantly, so we are seeing more participants in the market, but we need to think long term when investing early in cryptocurrency projects like this. Projects like Defi Dollar and Frontier are currently undervalued, so there is a buying opportunity, but it is best to wait a few weeks for the market to calm down for a better entry point.
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At the time of this writing, the cryptocurrency market is valued at over $300 billion. It dwarfs the market capitalization of eighteen out of twenty-five of the world’s largest companies. India, like other parts of the world, is not immune to the buzz of cryptocurrency. It’s obvious why: the prospect of multiplying one’s investment is intriguing.. Read more about cryptocurrency in india and let us know what you think.
Frequently Asked Questions
Which Cryptocurrency is best to invest in India?
The crypto currency market is in a state of constant change with new coins being introduced daily. It can be hard to keep track of which coins are best to invest in. Here’s a list of the top 10 cryptocurrency projects from India. Cryptocurrencies are created and managed through blockchain technology. A blockchain is a public ledger of all transactions that have ever been executed. Cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques known as cryptography. Cryptocurrency made the leap from being an academic concept to (virtual) reality with the creation of Bitcoin in 2009. While Bitcoin attracted a growing following in subsequent years, it captured significant investor and media attention in April 2013, when it peaked at a record $266 before falling to around $100. (Bitcoin currently trades around $6,300.) In 2017, a number of alternative cryptocurrencies surpassed Bitcoin in market capitalization, including Ethereum, Ripple, Bitcoin Cash, Litecoin and NEO.
What 10 Cryptocurrencies will explode in 2020?
The cryptocurrency space is a hotbed of speculation. With hundreds of currencies, and more being created every day, it’s hard to know which ones will succeed. Some people are looking to coins that are outside the top 10 to gain traction, since they can offer more upside than coins that have already hit the top 10 list. Below we highlight 10 of the most promising cryptocurrencies outside the top 10 that will explode in 2020. In this post, we will try to list down the top 10 cryptocurrencies that will explode by the end of the year 2020. 2019 has been a bad year for the cryptocurrency market in general. However, the worst is behind us as we move from 2019 to 2020. There are some cryptocurrencies that have the potential to give multiples of gains in a short period of time. Cryptocurrency investment: This is not a new term anymore. Everyone is talking about it and some people are even making money from it. But, what is cryptocurrency? Cryptocurrency is a form of digital currency which is created to work as a medium of exchange for the internet. Cryptocurrency is the most famous form of digital currency. Cryptocurrency can either be
Which Cryptocurrency is best to invest now?
In the world of cryptocurrencies, there are many coins and tokens to choose from. Some have more potential than others, and in this article we will explore the best potential ones. The cryptocurrency market is still young and volatile, and there are many different factors that come into play when making a decision on where to invest. More and more people are joining the cryptocurrency world each day, and use their expertise to predict what they think is going to be the next big thing. This article is for those of you who have little to no knowledge of cryptocurrencies and want to start investing now. There are thousands of cryptocurrencies out there, and with the advent of new cryptocurrencies being introduced every day, it’s hard to figure out which ones are worth investing in. (To help you out, we put together a list of the top 10 cryptocurrencies projects from India) Our criteria for the list included projects that are running an ICO, have an active community, or have an established product. Although the above paragraphs are of varying length and have seemingly little in common, there are two distinct patterns that hold all of them together. The first is the use of transition words. Every transition word used in the above paragraphs appears in the following table: The second pattern is the use of online sources to establish authority and credibility on diverse topics. All
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Matthew Handley alleged Herbalife made "purposefully deceptive statements" in its Aug. 3 quarterly earnings conference call and regulatory filings. » Read More
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Americans spend $45 billion a year on pizza. These chains have figured out how to get the biggest slice of that pie.
Anheuser-Busch InBev expects to cut some 3 percent of its workforce after it has acquired rival SABMiller.
The company is working on reformulations, reduction of sugar and package sizes to suit new consumption trends, says Coca-Cola Amatil's Martyn Roberts.
New study shows how being obese impacts your wallet as well as your health.
Successful Cleveland restaurateur, Jonathan Sawyer, must choose between Akron Honey & Fount. With only 72 hours to convince Jonathan, who will be the top earner? Cleveland Hustles Wednesdays at 10p ET/PT , Only on CNBC - GET YOURS!
Olive oil prices may have softened this year after a stellar 2015, but one analyst isn't expecting a sudden plunge.
The New England Patriots quarterback's 12-count box of nut and fruit mixtures contains six flavors.
The USDA is to donate surplus to food banks and pantries, CNBC's Eric Chemi reports.
With coffee prices still near the 12-month high they hit last month, analysts are contemplating whether the rally has further to run.
Tom Brady is starting to make a name for himself in the food industry.
Scott Svenson, MOD Pizza co-founder & CEO, talks about disrupting the pizza restaurant industry by offering customers individual artisan-style pizza. Also Dunkin' Brands CEO Nigel Travis explains why he invested in the company.
The judge ruled a reasonable consumer would not be deceived that cold beverages will be filled with a portion of ice.
Jim Cramer speaks to General Mills CEO Ken Powell about the trend toward natural and organic foods, the needs of consumers and how “Big G” is looking to grow.
McDonald's recalls toys in kids' Happy Meals.
Three men were arrested after allegedly stealing $1 million worth of frozen eel shipped from China, the New York Daily News reported.
Japan ordered Mitsubishi to stop domestic sales of eight vehicle models after an investigation found the automaker overstated fuel economy.
Alphabet executive David Drummond, who has been a director on the Uber Technologies board for close to three years, has stepped down.
Mondelez said on Monday that it has ended discussions with Hershey about a possible combination of the two companies.


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UPDATE 3-Sohu Q4 falls, gives weak outlook; shares down
* Q4 EPS $0.76/shr vs $0.91 estimate
* Q4 revenue $135.8 mln vs $137.4 mln forecast
* Q4 net profit falls 43 pct
* Sees Q1 revenue below Wall Street view
* Shares down 7 percent (Adds share movement, updates dateline)
SHANGHAI/BANGALORE, Feb 1 (Reuters) - China's No.2 Internet portal Sohu.com Inc (SOHU.O: Cotización) posted a sharp drop in quarterly profit as operating expenses jumped, and forecast first-quarter revenue below estimates despite a gain in its gaming business, sending its shares down as much as 7 percent.
China's $4 billion online game market had 70 million gamers last year, said Beijing-based research firm iResearch.
Changyou posted a 21 percent rise in fourth-quarter revenue to $70.7 million and net profit rose by more than a third to $38.9 million as its blockbuster roleplaying game Tian Long Ba Bu -- which allows multiple users to play together online -- proved more popular due to the release of an expansion pack. Continuación...


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Soaring rents and food prices keep US inflation high; tight labor market
- Consumer prices rose 0.4% in September
- The CPI increases by 8.2% over one year
- Core CPI increases by 0.6%; jumped 6.6% year over year
- Weekly jobless claims rise by 9,000 to 228,000
WASHINGTON, Oct 13 (Reuters) – U.S. consumer prices rose more than expected in September as rents rose the most since 1990 and the cost of food also rose, bolstering expectations that the Federal Reserve will offer a fourth consecutive interest rate of 75 basis points. hiking next month.
Thursday’s Labor Department report also showed a measure of core inflation posting its largest annual increase in 40 years as consumers also pay more for health care. The data followed last week’s strong jobs report, which showed strong job gains in September and a drop in the unemployment rate to a pre-pandemic low of 3.5%.
“That’s not what the Fed wants to see six months into one of the most aggressive tightening cycles in decades,” said Sal Guatieri, senior economist at BMO Capital Markets in Toronto.
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The consumer price index rose 0.4% last month after gaining 0.1% in August. Economists polled by Reuters had forecast the CPI to rise 0.2%.
Food prices rose 0.8%, with the cost of food at home rising 0.7% amid increases in all six major grocery food groups. Equivalent landlord rent, a measure of how much landlords would pay to rent or earn by renting out their property, rose 0.8%, the biggest increase since June 1990.
The large jumps offset a 4.9% drop in gasoline prices. But gasoline prices have likely bottomed out after last week’s decision by the Organization of the Petroleum Exporting Countries and its allies to cut oil production.
The war in Ukraine also poses an upside risk to food prices. Private industry data suggests rents could be near a peak.
Stubbornly high inflation, which is well above the Fed’s 2% target, is not only a challenge for the US central bank, but also a blow to President Joe Biden and the hopes of the Democrats to retain the control of Congress in next month’s elections.
In a statement, Biden acknowledged the pain that rising prices were inflicting on American families, but also pointed to the considerable slowdown in the third quarter, with inflation rising to an average annualized rate of 2% after an 11% pace in the quarter. previous.
In the 12 months to September, the CPI rose 8.2% after rising 8.3% in August, decelerating for a third consecutive month. The annual CPI peaked at 9.1% in June, the strongest rise since November 1981.
Financial markets have almost fully priced in the prospect that the Fed will hike rates an additional three-quarters of a percentage point at a policy meeting on Nov. 1-2, according to CME Group’s FedWatch tool.
The Fed raised its key rate from near zero in March to the current range of 3.00% to 3.25%. Policymakers at the Sept. 20-21 meeting “expected inflationary pressures to persist in the near term,” according to meeting minutes released Wednesday.
Stocks on Wall Street were trading higher. The dollar slipped against a basket of currencies. US Treasury yields rose.
Excluding the volatile food and energy components, the CPI rose 0.6% in September, matching August’s rise. The so-called core CPI is largely influenced by higher rental housing costs.
Pressure also comes from healthcare costs, which jumped 0.8%, the most since October 2019, as consumers pay more for doctor visits. Rents and health care are the most sticky components of the CPI, suggesting that inflation could remain elevated for some time, even if property prices moderate. Prices for basic services rose 0.8%, the biggest increase since 1982.
Prices for new motor vehicles rose 0.7% as supply remained tight. Auto insurance also cost more, as did home furnishings and operations, grooming, education and airfare. But clothing prices fell 0.3% and used car and truck prices fell for a third consecutive month. This resulted in prices for basic goods remaining unchanged, mirroring a similar reading in Wednesday’s producer price report for September.
Much of this is a function of slowing demand and loosening global supply chains, which economists say could lead to a period of falling commodity prices, or even downright declines. But with the return of spending to services, this would not be enough to curb inflation considerably.
Core CPI jumped 6.6% in the 12 months to September, the highest since August 1982, after rising 6.3% in August.
With CPI and PPI data in hand, economists estimate the closely watched Personal Consumption Expenditure (PCE) price index rose 0.4% in September, which would bring the increase year-on-year to 5.1% versus 4.9% in August. PCE inflation data will be released at the end of the month.
“High services inflation is a reflection of the resilience of the labor market, as services are labor intensive and locally produced,” said Michael Gapen, chief U.S. economist at Bank of America Securities at New York.
“The Fed needs to slow the labor market significantly to bring inflation back to its target.”
While a second report from the Labor Department showed that the number of Americans filing new claims for unemployment benefits increased last week, it was likely due to Hurricane Ian, which caused a wave of destruction across Florida and the Carolinas in late September.
Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 228,000 for the week ended Oct. 8. Unadjusted claims jumped 32,275 to 199,662. Claims jumped 10,368 in Florida. There were also strong increases in filings in New York, California and Texas, while claims in Puerto Rico remained high following Hurricane Fiona.
The number of people receiving benefits after a first week of help, an indicator of employment, rose by 3,000 to 1.368 million in the week ending October 1. There were 1.7 job openings for every unemployed person on the last day of August.
“The labor market remains extremely tight and companies continue to be unwilling to lay off workers,” said Conrad DeQuadros, senior economic adviser at Brean Capital in New York.
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Reporting by Lucia Mutikani; Editing by Chizu Nomiyama and Paul Simao
Our standards: The Thomson Reuters Trust Principles.


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Are these crazy used-vehicle prices finally triggering some resistance among buyers?
By Wolf Richter for WOLF STREET.
When are potential buyers of used vehicles finally burned out on paying these ridiculous prices? When is price resistance finally setting in? When are people finally going on buyers’ strike so that prices would have to come down from that ridiculous spike? Buying a car is for most people a discretionary purchase: They could easily drive their trade-in another year or two; they don’t have to buy a car now, unlike groceries. Buyers can pull back, which they proved during the Great Recession.
And in June, July, and August, it seemed we had the tepid beginnings of some sort of price resistance when used vehicle wholesale prices dipped a little; and with a lag, retail prices dipped a little. But then the whole thing exploded again.
In December, the ridiculous spike in wholesale prices, tracked by the Manheim Used Vehicle Value Index, rose another 1.6%, and was up 47% from a year ago. Manheim, the largest auto auction operator in the US, pointed out that the underlying dynamics that already started to shift at the end of November, shifted further by the end of December, when sales declined and supply jumped again, and was sharply above average. This ridiculous spike looks to be getting ready to turn the other way:
Compared to two years ago, before this craziness kicked in, the Manheim Used Vehicle Value Index spiked by 67.4%, which is of course utter craziness:
Prices in the Manheim Used Vehicle Value Index are adjusted for the mix of models and mileage, and for seasonal factors.
Typically, non-adjusted used vehicle prices drop in the second half of the year. And in December, the non-adjusted average declined by 1.1% from November and was up by 43.4% year-over-year, according to Manheim.
The chart below is from the Q4 presentation by Cox Automotive (which owns Manheim) on Friday January 7. It shows the percentage changes of non-adjusted prices of 3-year-old models per year. In each year, prices declined in the second half – except in 2021 (red line at the top), when prices of 3-year-old vehicles exploded until week 46.
The chart also shows the peculiar price movements in 2020 of 3-year-old vehicles (purple line, second from the top), with prices falling through week 18 (lockdowns) then surging to set new records. But even in 2020, on this non-adjusted basis, prices declined in the second half (click on the chart to enlarge):
The average daily sales conversion rate at the Manheim auctions declined in December to 53%, “close to normal for the time of year,” and compares to a conversion rate of 52% in December 2019, according to Manheim. “This indicates that the month saw balance between buyers and sellers, and as a result most vehicles showed price depreciation,” it said.
Retail sales in December down year-over-year.
Used vehicle retail sales in December – sales on dealer lots – at a seasonally adjusted annual rate of 20.4 million vehicles, flat for the month, fell 5.5% from December 2020.
The year-over-year decline in sales is not due to lack of inventory for sale. That’s for sure. There was suddenly plenty of supply.
Supply in December balloons to above average levels.
Supply of used vehicles on dealer lots at the end of December jumped to 54 days’ supply at the December rate of sales: 10 days, or 23% above the average of 44 days. It was the second month in a row with above-average retail supply; in November, supply had jumped to 49 days, from 39 days in October.
Supply at wholesale auctions at the end of December jumped to 33 days, also 10 days above the average of 23 days. This too was the second month in a row with above average supply: In November, wholesale supply had jumped to 29 days, from 18 days in October.
Price resistance might finally set in.
I’ve been fooled by the hope that price resistance would finally kick in when in June, July, and August, the crazy wholesale price spike started to unwind a tiny wee bit, only to watch it with utter astonishment as it exploded higher in the following months.
But now supply ballooned to above normal levels, and retail sales dropped year-over-year, and the dynamics are saying that the WTF price spike has gone as far as the market will bear. I don’t expect prices to collapse to anything close to 2020 levels – prices of consumer durable goods are sticky, unlike commodities. But if volume continues to drop, and dealers are sitting on inventory, then they’ll be more eager to make deals with their retail customers, and they’ll be more prudent in bidding up prices at the auctions – and we should start seeing that over the next few months.
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Tallinn Coffee Festival – shortly TLNCF – was held first time this year on April. Festival showed the booming Estonian coffee culture.
If you are in Tallinn and crave some good coffee, this is the post for you! This post is concentrated on the specialty coffee cafés in Tallinn. Tallinn has many great cafés to visit, but here are my top picks to visit in Tallinn.
At the end of October, Paulig launched a coffee grounds campaign in Estonia. In 25 days we collected 4.4 tons of used coffee grounds, thanks to the companies and citizens who joined the project. The energy company Nelja Energia produced over 2,000 kWh of bioenergy from coffee grounds at their biogas plant. With that green energy we covered the energy needs of five households in SOS Children's Village for one month.


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Bangladesh has almost 40 years of experience in ready-made garment (RMG). More than 4.0 million people are working in this labour-intensive industry and at the same time billions of dollars have been invested in this sector. According to the Bangladesh Bureau of Statistics (BSB), Bangladesh earned US$ 31.2 billion from export in FY 2014-15, where ready-made garments’ share was 81.69 per cent. Of this, the knitwear sector accounts for 39.83 per cent of total exports which is worth US$ 12.43 billion.
The RMG sector has experienced an exponential growth since the 1980s. A significant number of compliant and world class factories have been established in the country. The tragic incidents at the Rana Plaza and Tazreen Fashions were the turning points for RMG industry in Bangladesh. The matter of compliance gained pace because of those two incidents. All members of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) are working wholeheartedly to carry out the corrective action plans suggested by the Accord, the Alliance and the National Plan of Action on inspections. This required investment of huge amount of money.
Branding is considered one of the most important aspects of any category of business – large or small, retail or business-to-business (B2B). Today’s world markets are highly competitive. So an effective brand strategy gives a major shift in this competitiveness. Innovative, consistent and strategic branding leads to a strong brand equity, which means the value added to the company’s products or services, allowing to charge more for the brand than for identical but unbranded products.
A local demand of 160 million people, of which almost 50 per cent have the status of middle income, is not negligible too. On the other hand, China is getting out of the typical RMG industry due to lack of cost-effectiveness derived from high labour cost, production cost and gradually shifting to other heavy industries. The typical RMG industry is losing its viability there. Bangladesh is comparatively in a better position than India, Vietnam and Cambodia and some other competitors. Because it has a huge pool of cheap labourers who are hard-working and have a mentality to render services, no matter even it means race against time. Our entrepreneurs and workers have also proved that they could endure a lot of hardships to continue their business during severe social and political unrest.
Innovative entrepreneurs here are trying to establish a brand image of RMG. There are many popular local brands which are making casual and formal dresses and establishing many outlets all over the country. Moreover, they are also very serious about maintaining quality and keeping price at a competitive level. Some of them are also practising franchising mechanism. A couple of brands have already gone global through setting up some outlets abroad.
Only a decade ago local RMG factories had to import the maximum portion of fabrics and accessories from abroad to be used as raw materials. But the situation has changed during the last 10 years. Hundreds of thousands of backward linkage industries have been set up. Local as well as foreign investors have come up with their huge capital. And now more than 60 per cent fabrics and accessories are produced locally by industries based in EPZs or elsewhere. Many local factories are producing quality cotton, twill and denim fabrics which are being nominated by many world famous brands, such as H&M, C&A, Zara, Camaieu and others.
The RMG industry of the country mainly produces cheap casual dresses. Factories just make dress as per the design, specification of the buyer, procuring raw materials, in many cases, from buyer-nominated suppliers. Now Bangladesh is one of the largest makers of clothes for the famous global brands. Cheap and casual dresses are bought by people of all income level and therefore gain a huge sales volume. Quartz, a digital global business news publication recently shows how some cheap fast fashion brand and retail clothing chain stores, such as Zara, H&M, UNIQLO, C&A and PRIMARK and their owners have gained positions among the top wealthy companies not only in their own countries but also all over the world. Amancio Ortega, owner of the Spain-based fast fashion brand, ZARA is now the second richest man in the world with asset valued at 75.30 billion dollar. Stefan Persson, the owner of Sweden-based brand H&M has wealth worth 22 billion dollar and Lucas Brenninkmeijer, the owner of Netherland-based C&A has wealth worth 33.94 billion dollar.
Bangladesh has also potential for high-end fashion market on creation of brands like Burberry of Britain, Dior of French, Armani, Gucci, Ralph Lauen, Calvin Klein, Levis etc. In order to turn the dream into a reality all stakeholders including the government should draw up a master plan for creating a brand image for RMG. Now in this journey to creation of a brand image a huge investment, research, innovation, rigorous and strategic marketing plan and above all favourable government policies are needed. Here the BGMEA University of Fashion and Technology (BUFT) could play a vital role. This institute is offering graduate and post-graduate degrees to students on fashion design, knitwear technology and apparel merchandising. Simultaneously, fashion, textile and industrial merchandise-related departments need to be introduced to all major public and private universities in order to gain the market share of high-end fashion markets. This will help branding through meeting the current shortfall of competent professionals at the mid-level of garment factories.
Sufficient infrastructural development is a prerequisite for smooth functioning of all action plans. Therefore, major highways of the country have to be upgraded into four lanes, uninterrupted power supply has to be ensured. The BGMEA, the government and other international partners should take initiatives for developing skills of workers to meet the demand of the industry and enhance productivity. Above all, bureaucratic complexities have to be removed along with showing zero tolerance to corruption.
If things go right, it would not be too challenging for the local brands to establish many outlets in London, New York, Paris and other major cities in the world. Bangladesh products will enjoy reputation of global prestigious brands of clothes and the country’s identity will be shifted from cutting and sewing to innovation in design, creation of fashion trends and many more. Then people all over the world will look for Bangladeshi brands rather than only “Made in Bangladesh” and Dhaka will be a fashion capital like Paris and Rome.


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The Kenya Airways, starting October the 28th, 2018, will start offering non-stop flights to the USA with a new Nairobi-New York route.
Henk Graaff, managing director of destination management company SW Africa, said the new flight is fantastic news for Kenya as well as for the entire East African region and the continent.
Kenya Airways will offer its customers a unique travel experience between two great gateways.
KQ chief executive Sebastian Mikosz, however, said both KQ and JKIA had received the critical approvals and added that the remaining requirements would be met as the airline sets up the route. Direct flights are expected to boost the numbers, with the travel time reducing from about 25 hours to about 15 hours.
CES Loses Power For 2 Hours, Maybe Make Electronics For That?
Without power, most of the companies exhibiting their new technologies on the show were not able to do anything during the blackout.
"This is a symbol of the comeback of Kenya Airways", Chairman Michael Joseph said.
The Dreamliners have capacity to carry 234 total passengers, 30 in premier world and 204 in economy class. From New-York it will depart at 12:25 landing at JKIA at 10:55 the following day.
Then the US Department of Transportation issued the permit for direct flights on September 5, 2017.
Kenya is East Africa's economic hub but has suffered from the extremist threat posed by the al-Shabab insurgency in neighboring Somalia.
Xbox One Outsold PS4 In December 2017, Says Xbox Marketing Head
According to Greenberg, Xbox One had the best console share in United States of America for the month of December. While the Xbox One didn't take top honors, they did beat out their chief rival, the PS4.
With over 40 American multinationals located in Nairobi and many more across Africa, the launch of daily flights is expected to further spur trade between America and Africa.
The flight is also expected to increase tourism in Kenya, with the USA being its largest source market for tourists.
The airline already serves Africa, Europe, the Middle East, and cities in Asia.
The firm recently announced a Sh3.8 billion half-year net loss for the business but hopes various initiatives will return it to profitability.
Tom Hardy in 'Venom'
The first photos are generally teasers to get fans and audiences interested but they are also nothing to get overly excited for. In the 1993 Marvel Comics miniseries, Brock strikes a deal with Peter Parker, and leaves New York City for San Francisco.


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It goes without saying that more light at night is a good thing for visibility, but driving into traffic with high-beams on full blast can distract or temporarily blind of other drivers. A promising new technology from Volvo could offer the brightness of the "brights," without disturbing other motorists.
- Zach Bowman
- Sep 2, 2010
A French company may have come with the next big thing in vehicle lighting. Valeo SA has developed a system called Beamatic Premium that allows drivers to keep their high-beams on at all times while still protecting other drivers from being blinded while driving. The tech uses onboard cameras to track the location of vehicles on the road and automated dousers to shield other drivers from glare. Think of it as the ultimate evolution of adaptive headlamps.
- Damon Lavrinc
- Apr 9, 2007
When compared to some of the other developments in automotive technology, many believe that advances in lighting haven't kept up. "Smart" lights seek to fill that void.
- Joel Arellano
- Mar 31, 2006
Pro-A Motors, a firm that manufactures automotive headlights has issued a recall for more than 60,000 replacement lamps. The affected combination headlights do not have the amber side reflectors as required by the federal government. The National Highway Traffic Safety Administration states that visibility on these non-compliant units is compromised, which could contribute to the likelyhood of accidents.
- Great used cars for less than $10,000
- Owners say these cars aren't very good deals
- New Car Buying Guides
- Cheapest new automobiles in America
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models


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Talented young designer wins National Indigenous Fashion Award
Kieren Karritpul, a Ngen'gi wumirri designer from Nauiyu Nambiyu community, Daly River in the Northern Territory, has won the Textile Design Award in the inaugural 2020 National Indigenous Fashion Awards (NIFA).
Meet Steve Michielsen – expert in forensic textiles
Professor Steve Michielsen is one of the world’s leading experts in the highly complicated area of bloodstain pattern analysis in forensic textiles.
‘Standing Strong Mudburra Man’ nominated for NIMA Album of the Year
Mudburra artist Ray Dimakarri Dixon’s debut album 'Standing Strong Mudburra Man', which was produced with assistance from RMIT’s School of Design, is a finalist for the 2020 National Indigenous Music Award’s Album of the Year.
Meet RMIT’s Adjunct Professor in Interior Design, Tüüne-Kristin Vaikla
Tüüne-Kristin Vaikla, founder and partner at Vaikla Studio and a member of the Advisory Board of the Estonian Association of Interior Architects, is also Adjunct Professor in Interior Design at RMIT.


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The live streaming platform Twitch made a stand against unlicensed gaming – by banning some unregulated casino sites from its platform.
Twitch is primarily focused on video game streaming, although it has expanded to include other forms of content as well.
It launched in 2011 and quickly gained popularity among gamers.
Twitch allows users to broadcast gameplay live to an audience. This means watchers can watch the stream and interact with the streamer through chat.
Originally, Twitch focused on streaming gaming-related content, but has diversified to include creative arts, music, talk shows, and even in-real-life “IRL” streaming.
It has become a prominent platform for international content creators to share their talents in an unrestricted way. It allows them to interact freely and unedited with viewers and build communities.
Twitch offers extra features such as chat rooms, emotes (customizable chat emoticons), subscriptions, and donations. This allows enthusiastic viewers to support streamers financially.
Also Twitch has a partnership and affiliate program, to provide monetization opportunities for streamers through ads, subscriptions, and other financial means.
All these developments mean that in recent years, Twitch has gained mainstream recognition. It has become one of the largest live streaming platforms.
The policy change.
Twitch set a new precedent when it announced its policy update prohibiting streaming of some unregulated sites last year.
It targeted slots, roulette or dice games not licensed in the U.S. or regulated by other robust consumer protections. The move went into effect in October 2022.
Bosses at Twitch announced that it would ban the streaming of these controversial types of operators. Unlike a trusted online site like casinos.com, Twitch was becoming a platform for rogue unregulated gambling sites.
Twitch spokespeople say the move is designed to protect its users from potential harm from these unregulated sites.
The live-streaming platform is owned by the giant Amazon corporation. It announced its new policy in a statement issued on Twitter.
The new ban blocks users from streaming any gambling like slots, roulette and dice games if they are not properly licensed in the US ‘or other jurisdictions that provide sufficient consumer protection.’
The change is not all it seems though. Yes it can be justified by the stated altruistic aims – but it only happened after some of Twitch’s top streamers threatened to stop using the platform entirely and boycott it – unless it stopped streaming the unlicensed gambling streams.
In fact, the platform has suffered from criticism of its gambling policies for a while. Twitch was facing a imminent serious backlash from its users and leading streamers.
Some of the platform’s biggest streamers, like Imane ‘Pokimane’ Anys and Devin Nash, had threatened to abandon the site altogether in the peak week of Christmas. Nash had publically said: “Gambling is horrible for the platform.”
Many Twitch users had been particularly angry after an incident when a popular streamer on the site had made a tearful announcement. He confessed that he had scammed his Twitch followers out of thousands of dollars – to pay for his own gambling.
Incidents and statements from other leading streamers fuelled the controversy. At first it seemed Twitch was determined to ignore appeals to change its policy on unlicensed gambling.
Many were claiming that this anything-goes policy could result in harm to users. There was particular concern about some of Twitch’s younger users receiving such free exposure to the unregulated operators.
Many users were relieved when Twitch’s announcement detailed sites that would be banned. The new policy targeted certain specific unlicensed operators.
The list of banned sites includes Roobet.com, Stake.com, Rollbit.com and Duelbits.com.
The platform added that it would continue to monitor its own output and identify other unregulated operators that could be banned in the future too.
The company was anxious to point out however that it would not be banning sports betting, poker or fantasy sports betting like fantasy football leagues.
Twitch said: “Gambling content on Twitch has been a big topic of discussion in the community and something we’ve been actively reviewing since our last policy update in this area.
“While we prohibit sharing links or referral codes to all sites that include slots, roulette or dice games, we’ve seen some people circumvent those rules and expose our community to potential harm.”
The existing guidelines of Twitch already prohibit any streamers from referring its viewers to sites that include slots, roulette or dice games or sharing affiliate links or referral codes to such sites.
It’s hardly likely to be the last word on this issue as the grey area of unregulated sports betting remains. There are other topics like video games that use gambling components like loot boxes.
Twitch may have opened the door for more comprehensive discussions about the future of all online gambling – and the need for full regulation and control to protect users.


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The Bolivar of Venezuela has been in such high inflation that bitcoin trading volume has been record-high. Estimates claim that inflation has reached 10.000% which leads investors to alternative methods when storing value.
A cup of coffee now costs 2,800 bolivars (21p; 28 cents), up from 0.75 bolivars 12 months ago – an increase of 373,233%, according to Bloomberg data. And that’s after a 2018 devaluation that knocked five zeros off the currency.
Why is bitcoin popular in Venezuela?
The bitcoin has been extremely popular since the end of last year when the price was significantly high due to the media attention it got. The current economic crisis in Venezuela has caused a lot of problems with their current fiat-currency, Bolivar. That particular relation has forced investors to find other ways to invest and store their money.
Can’t believe this. If India banned cryptocurrency, more than likely EVEN MORE users would get involved and invest in Bitcoin/crypto.
Both Venezuela & Colombia have banned Bitcoin and cryptocurrency deeming it illegal yet they have record transaction volume for BTC & crypto pic.twitter.com/7yOXEOE9w1
— Just Frank (@thefrankcobbs) July 23, 2019
How can trading volume be at a record-high when it’s illegal?
Bitcoin trading is illegal in Venezuela and Columbia, but trading volume is higher than ever. Venezuela has such a big economic crisis that nothing is under control. The country has a government that has no control over how people are using their money or their internet connection, nor can they stabilize their own fiat-currency which makes investors very scared and afraid, hence investors use alternatives to the Bolivar.
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Has suspended departing flights worldwide due to a major outage. "Our systems are down everywhere. Hopefully it won't be much longer," the airline tweeted.
And Gawker are attempting to reach a settlement over a $140M invasion of privacy judgment. The talks come a week before an auction that will see Gawker's Nick Denton lose control of the company.
Offices were raided by the Fair Trade Commission on suspicion of antitrust violations. The Tokyo-based branch purportedly forced retailers to set prices lower than on other sites.
Is expected to announce its acquisition of Jet.com today. The retail giant is expected to buy the startup for $3 billion, and CEO Marc Lore will run Walmart.com as well as Jet.
"Diversity is certainly a great by-product of investing in companies with Black and Latino founders, but it’s nowhere near the whole nut."
Monique Woodard, Founder & Executive Director of Black Founders
Daily Top Headlines:
Animation: Lucy Clinch
Script: Katie Carroll, Isabelle Roughol
Art: Jacqueline Zaccor
Producer: Florencia Iriondo


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With its new online portal, Aster MIMS makes it easy for patients to book a doctor’s appointment. The new online initiative was inaugurated by Mr U Basheer, Executive Director, Aster MIMS on February 17, 2017. Also present at the launch event were Dr Rahul Menon, CEO, Aster MIMS, Mr Jayakrishnan P, CFO, Aster MIMS and Mr Nandakumar MK, Senior Manager, IT. The online portal offers patients the convenience of hassle-free booking of their preferred doctor’s appointment on a preferred date , which will help them save a lot of effort and time.
To book an appointment, visit astermims.com/online-appointment/Back To Events


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Looking for a sweet new chef coat? Or maybe another pair of kitchen clogs? Have a knife that needs an expert sharpening job?
Both businesses have made a name for themselves with local chefs. Not surprisingly, they're also both run by former chefs -- Cory Newman (Four Seasons) at the Chef Shop, and Eytan Zias (Kai, Fiamma) at Phoenix Knife House. The two decided to combine their efforts when Zias found out that his store's original location on Indian School would be demolished to make way for a new development. He will continue to operate Phoenix Knife House within the bigger, better confines of the Chef Shop.
The Chef Shop and Phoenix Knife House are located at 7607 E. McDowell in Scottsdale. Starting tomorrow, store hours are 10 a.m. to 6 p.m., Monday through Friday, and 11 a.m. to 5 p.m. Saturday. Call 480-946-2758 for more information.


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Lucknow-based Startup Knocksense Raises $200,000 In Angel Round
The mediatech startup plans to launch video stories, Hindi content with its expansion in other tier-II cities of India
Mediatech local content production platform Knocksense on Thursday announced to have raised $200,000 in an angel round from Mohit Satyanand’s syndicate on Let's Venture. The round also saw participation from other angel investors like Neeraj Tyagi, Piyush Doshi, Tom Varkey, Syed Faiz Hasan, Mathew Varkey, Simmarpal Singh, Venus Dhuria, and Amit Tyagi among others.
"This fundraise is a sure-footed step towards the Knocksense vision, of a content network that is generated hyper-locally, and available nationally; that offers a brand-building platform for the neighborhood salon, as much as for the global brand. On behalf of Let's Venture investors, I congratulate the founders, and I am personally excited to be part of this journey," stated Mohit Satyanand, chairman, Teamwork Arts, and founder, Crax.
The media portal was founded in November 2016, now generating over 20 million organic impressions per month. Further, the mediatech startup plans to launch video stories, Hindi content with its expansion in other tier-II cities of India.
“COVID-19 situation has increased the digital content consumption, our aim is to create a truly local channel which brings the unorganized local ad market from offline to online and the pandemic has certainly helped the cause. The fundraise will help us penetrate deep in the markets we are active in and launch our subscription plan, which will strengthen user engagement and brand integration,” shared Varul Mayank, founder, Knocksense.
Knocksense Media Services Pvt. Ltd. is currently present in six cities in India - Mumbai, Lucknow, Kanpur, Goa, Indore, and Jaipur.
“We firmly believe that hyperlocal economy is the next wave of growth for Indian startups and Knocksense is perfectly poised to leverage this. They are a unique entity that produces news & recommendations that enable hyperlocal businesses & also create a strong social network. We have already committed to three more investments in hyperlocal economy & so are very excited about Knocksense,” explained Neeraj Tyagi, managing partner, Venture Catalysts.
Knocksense plans to invest these funds in improving its IT infrastructure and strengthening the content team.
"As a content producer, our focus will be on creating engaging content which is a mix of local news, recommendations, videos, features, and more. When it comes to the news we are committed to producing only non-divisive stories that do not breed negativity or sensationalism. Tier-II cities with an active millennial audience will be our target,” added Vibhore Mayank, founder, Knocksense.
Earlier, Knocksense had raised seed funding from Neelansha Dwivedi, Amitesh Pandey, and a bridge round from Mumbai Angels Network in June 2020.