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Pilar Yamile Sánchez's new book "La verdad es importante" shares a magical journey into a place of vibrancy, magic, and life
Recent release "La verdad es importante" from Page Publishing author Pilar Yamile Sánchez uncovers a fantastic story about a world filled with happiness and love where children share a bond with animals and nature.
DAVENPORT, Fla., March 3, 2022 /PRNewswire-HISPANIC PR WIRE/ -- Pilar Yamile Sánchez, a Colombian American who is noted for her creativity, imagination, and fluency, has completed her new book "La verdad es importante": a wondrous fiction that shows the importance of speaking the truth. In this colorful work, the readers are transported into a magical place that makes one think how life is so beautiful.
Sánchez shares, "This is the story in a magical, colorful world, where the children are very happy that, with love and affection, they can interact with nature and the animals. They learn that the truth is important."
Published by Page Publishing, Pilar Yamile Sánchez's book brings an enchanting narrative that will take young readers on a wonderful and memorable trip to a land so pure, peaceful, and full of love.
Readers who wish to experience this brilliant work can purchase "La verdad es importante" online at the Apple iTunes Store, Amazon, Google Play, or Barnes and Noble.
For additional information or media inquiries, contact Page Publishing at 866-315-2708.
About Page Publishing:
Page Publishing is a traditional, full-service publishing house that handles all the intricacies involved in publishing its authors' books, including distribution in the world's largest retail outlets and royalty generation. Page Publishing knows that authors need to be free to create, not mired in logistics like eBook conversion, establishing wholesale accounts, insurance, shipping, taxes, and so on. Page's accomplished writers and publishing professionals allow authors to leave behind these complex and time-consuming issues and focus on their passion: writing and creating. Learn more at www.pagepublishing.com.
Foto - https://mma.prnewswire.com/media/1758556/La_verdad_es_importante__The_Truth_Is_Important.jpg
SOURCE Page Publishing | https://www.prnewswire.com/news-releases/pilar-yamile-sanchez-s-new-book-la-verdad-es-importante-shares-a-magical-journey-into-a-place-of-vibrancy-magic-and-life-864845159.html | 2022-03-03T13:31:06 | en | 0.87907 |
Ping An donates RMB10 million in anti-pandemic supplies to support Hong Kong
HONG KONG and SHANGHAI, March 3, 2022 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:2318; SSE:601318) has donated COVID-19 diagnostic test kits and protective equipment worth RMB10 million to the Hong Kong SAR Government through the Ping An Foundation. Ping An is proud to support Hong Kong's fight against the fifth wave of the COVID-19 pandemic and protect the health and safety of frontline medical staff and anti-pandemic workers.
Ping An has donated various supplies including COVID-19 diagnostic test kits, KN95 masks, protective clothing, face shields, surgical caps, shoe covers, and gloves. The supplies are expected to arrive in Hong Kong before March 15.
Mainland China is wholly committed to helping Hong Kong SAR in the pandemic. Hong Kong and Shenzhen are inseparable from each other and will always bear trials and hardships together. Amid the pandemic outbreak in Hong Kong, Ping An, as a responsible corporate citizen, wants to support the fight against the pandemic to help meet the most urgent needs of frontline staff and medical workers.
Since the outbreak of the pandemic in 2020, Ping An has introduced several initiatives in insurance protection, public welfare donations and medical services. To date, Ping An has donated more than RMB180 million in supplies and cash. The Group has also provided more than RMB18 billion in financial support to affected enterprises, customers and frontline medical institutions. It has introduced innovative services such as an online end-to-end insurance policy process through a green claims channel and special pre-claims services, and extended insurance coverage to COVID-19 for policyholders. Ping An Good Doctor has provided free COVID-19 consultations and pandemic protection guidance for the public, attracting a total of 1.11 billion visits during the peak of the pandemic. Also, Ping An Healthcare Diagnostics Center is a designated institution for pandemic prevention and control. To date, its medical laboratories across China have performed nucleic acid tests for COVID-19 on more than 25 million samples.
About Ping An Group
Ping An Insurance (Group) Company of China, Ltd. ("Ping An") is a world-leading technology-powered retail financial services group. With over 225 million retail customers and nearly 634 million internet users, Ping An is one of the largest financial services companies in the world. Ping An focuses on two over-arching domains of activity, "pan financial assets" and "pan health care", covering the provision of financial and health care services through our integrated financial services platform and our ecosystems in financial services, health care, auto services and smart city services. Our "finance + technology" and "finance + ecosystem" transformation strategies aim to provide customers and internet users with innovative and simple products and services using technology. The Group is committed to becoming the world's leading integrated finance and healthcare service provider. As China's first joint stock insurance company, Ping An is committed to upholding the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchanges in Hong Kong and Shanghai. Ping An ranked 6th in the Forbes Global 2000 list in 2021 and ranked 16th in the Fortune Global 500 list in 2021. Ping An also ranked 49th in the 2021 WPP Kantar Millward Brown BrandZTM Top 100 Most Valuable Global Brands list.
For more information, please visit www.group.pingan.com and follow us on LinkedIn - PING AN.
SOURCE Ping An Insurance (Group) Company of China, Ltd. | https://www.prnewswire.com/news-releases/ping-an-donates-rmb10-million-in-anti-pandemic-supplies-to-support-hong-kong-301494885.html | 2022-03-03T13:31:13 | en | 0.93561 |
CHICAGO, March 3, 2022 /PRNewswire/ -- Clean & Renewable Energy Disruption – Potential opportunity worth USD 170 Bn is expected to open up in the clean & renewable energy space, owing to the countries setting net zero targets and rapid renewable capacity additions, which are poised to be the next big trend. As per the sources,
- The annual global demand for biofuels is estimated to grow to 186 Bn liters by 2026, resulting in 28% growth from present demand.
- Global renewable energy capacity estimated to rise by 60% from 2020 to 2026, reaching more than 4800 GW.
- Offshore wind capacity forecast to reach 21 GW by 2026, which is triple the current capacity.
- Onshore wind additions to increase by 25% from 2021 to 2026 compared to 2015-2020 levels.
- The US forecast is expected to add over 200 GW renewable energy capacity from 2021 to 2026, resulting in 65% increase in renewable capacity and becoming the third largest market after China and Europe.
According to MarketsandMarkets™ analysis,
- Offshore wind market is estimated to grow at a healthy CAGR of 12-13% in the coming 5 years, driven by favorable government policies and rising investments in renewables.
- Clean & renewable energy market is expected to offer ~USD 170 Bn potential, over half of which is being contributed by solar photovoltaics driven by ground-mounted PV.
- Adjacent markets hold a potential of over USD 140 Bn in the clean & renewable energy space, majority of which will be contributed by digital utility market and residential energy storage.
- The clean energy market is witnessing an increased adoption of IoT solutions, grid decarbonization, and grid digitization, which can disrupt the demand for renewables, in turn impacting the growth of the market.
Unknowns & Adjacencies
Currently, businesses have low access to primary intelligence to clarify some unknowns and adjacencies in these opportunity areas –
- The global renewable energy generation capacity of 290 GW was added in 2021 which is 3% higher than the installations in 2020.
- The global renewable energy capacity is expected to reach more than 4800 GW by 2026 projecting an increase of over 60% from 2020 to 2026.
- China, US, India, Germany, Japan. Brazil, Spain, France, Korea, and Australia are the top 10 countries for clean & renewable energy capacity, and they account for 80% of the renewable capacity growth from 2021-2026.
- Solar PV accounts for 60% of the renewable capacity additions owing to the policy initiatives in China, EU, and India which are facilitating the deployment of commercial & residential projects.
- Adjacent markets such as energy storage, and renewable drones, to provide immense growth opportunities.
Some of the growth problems encountered by clean & renewable energy providers are:
Customer prioritization and assessing unmet needs:
- What are the disruptions in our clients' businesses? How can we support them for our own growth?
- Who are the most potential customers going forward?
- What are the key unmet needs of customers? Who are the key stakeholders in different settings? Do vendor selection criteria differ by settings? Which new product features should be added to the existing products?
Where to play:
- Which technology should we focus on? Should it be solar, wind, biomass, or any other?
- Which regions should we place our bets on? Should we continue with developed countries or do developing countries offer more growth opportunities?
Building a compelling Right-to-Win (RTW):
- Should we enter new markets directly or through partners?
- How can we differentiate from top players? What is their right-to-win vs ours?
Key uncertainties/perspectives which industry leaders seek answers to:
For clean & renewable energy companies:
- What are the customer needs and requirements? What are some of the unmet needs? Rate and rank various purchase criteria:
- Product/service features
- Quality
- Innovation
- Price
- Brandin
- Gap analysis between the client's product offerings and customer needs. What changes or innovations could the client focus on?
- How are other peers realizing their diversification goals of shifting from conventional energy production to other cleaner forms of production?
- What are the various renewable technologies that are at different stages of maturity?
- Which renewable technology should we integrate into our portfolio that offers best RoI, and long-term technology advantage?
- What are the various innovative technology solution providers that we can acquire, and where? Who can we partner with to offer best customer services?
For Companies in adjacent markets:
- Not able to keep pace with fast evolving energy storage industry and new technologies are emerging leading to increasing government initiatives. What are the key regulations surrounding energy storage?
- Major market trends and dynamic – How is client's current business position and strategy aligned with industry dynamics, disruptions, and opportunities?
- What are the key components that the clients are keen?
- When energy storage tipping point can be achieved?
- Competitive landscape and market share rankings – Assessment of Client's competitive position and product offerings vs. major competitors.
- What should be our key differentiations/ Value Proposition in company's offerings?
- Many start-ups and emerging companies eating up market share of established companies. Which are the key regions for energy storage?
Therefore, MarketsandMarkets™ research and analysis focuses on high growth and niche markets – such as solar back-sheet, renewable drones, concentrating solar power, and related markets, which will become ~80% of the revenues of the players in the clean & renewables ecosystem over the next 5-6 years.
Download PDF Now to get more insights into Clean & Renewable Energy Disruptions
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
SOURCE MarketsandMarkets | https://www.prnewswire.com/news-releases/potential-opportunity-of-more-than-usd-170-bn-opening-up-in-clean--renewable-energy-space--exclusive-research-published-by-marketsandmarkets-301494862.html | 2022-03-03T13:31:19 | en | 0.937815 |
MELVILLE, N.Y., March 3, 2022 /PRNewswire/ -- Professional Physical Therapy is a leading provider of outpatient physical therapy and rehabilitation services throughout New York, New Jersey, Connecticut, Massachusetts, and New Hampshire – and is proud to have the largest sports medicine team in the New York metro area. Professional serves many schools in the area, as well as per diem coverage for several schools and organizations across New York, New Jersey, and Massachusetts. We join the National Athletic Trainers' Association (NATA) in recognizing how Athletic Trainers (ATs) impact health care through action, both on and off the field.
Professional Physical Therapy is the Official PT provider for both St. John's University and IONA College athletic programs and will kick off the month by presenting Appreciation Awards to these two Division 1 NCAA schools. These events will bring attention and honor ATs for the compassionate care they provide student- athletes. Each ceremony will include a PA announcement and plaque presentation. Events will be held at:
- St. John's University, March 2nd at SJU Campus (Carnesecca Arena), Queens, NY
- Iona College, March 5th at Hynes Athletics Center, New Rochelle, NY
"On behalf of the St. John's Athletic Department, we greatly appreciate our partnership with Professional Physical Therapy and the high level of service they have provided to our student-athletes over the years," said Director of Athletics Mike Cragg. "We also extend a big salute to all of our athletic trainers for their hard work and dedication as we celebrate National Athletic Training Month."
Senior Associate AD/Director of Sports Medicine, Sam DeRosa, states, "Iona is very thankful for Professional PT and the partnership we have created. Angelo, Melanie and their entire staff do a great job of getting our athletes back to their sport after injury or surgery. We are also excited to honor all ATC's this month!"
Each year our Athletic Trainers also work hard to expand our philanthropic work. Our staff proudly provides athletic training services to various organization including Special Olympics of New Jersey's Snow Bowl flag football event and the Boston Scores Cup soccer event.
Other Professional PT activities planned in support National Athletic Training month includes:
- AT Challenge: internal Olympic inspired contest includes weekly events for all Professional ATs. Participants will be scored on skill and timing for each event.
- Social media: posts will showcase different ways ATs take action to positively affect the lives of athletes and patients.
This year's slogan, sponsored by the National Athletic Training Association (NATA), "Providing Health Care Everywhere," is in perfect alignment with the Professional Physical Therapy footprint. Professional Physical Therapy provides Athletic Training services to more than 50 schools in the Northeast, offering a wide range of services including prevention of injuries as well as care from the time of injury through return to sport.
"Providing Health Care Everywhere is also a great opportunity to show how the field of athletic training has expanded their expertise and knowledge to various settings like the performing arts or the military to name a few. I'm excited to celebrate and highlight our amazing AT staff throughout the month of March!" states Angelo Marsella, MA, ATC, USAW, Partner and Director of Sports Medicine at Professional Physical Therapy.
For more information and a list of Professional Physical Therapy locations and services, please visit www.professionalpt.com.
About Professional Physical Therapy
Professional Physical Therapy, headquartered in Melville, New York, is a leading provider of outpatient physical and hand therapy and rehabilitation services throughout the New York metropolitan area, New Jersey, Connecticut, Massachusetts, and New Hampshire.
Professional's patient-centric treatment philosophy is focused on providing exceptional, compassionate care to the entire person, and not just their injury. Their licensed Physical Therapists design customized treatment plans, using the most innovative therapeutics, to help patients achieve and exceed their goals.
SOURCE Professional Physical Therapy | https://www.prnewswire.com/news-releases/professional-physical-therapy-celebrates-national-athletic-training-month-in-march-301494557.html | 2022-03-03T13:31:25 | en | 0.940576 |
Realtor.com® February Housing Report: Home Prices Hit All-Time High Ahead of Spring Buying Season
In February, listing prices grew at a double-digit annual pace nationwide (+12.9%) and in nearly half of the 50 largest U.S. markets, led by the southern (+12.5%) and western (+12.1%) regions
SANTA CLARA, Calif., March 3, 2022 /PRNewswire/ -- New data suggests Spring homebuying fever has already set in, as the U.S. median listing price hit a new all-time high of $392,000 in February, according to the Realtor.com® Monthly Housing Trends Report released today. Additionally, home prices grew at an unusually-fast February pace in many of the 50 largest metros, led by Las Vegas, Miami and Tampa, Fla. with annual increases of at least 31% each.
"Over the last five years, we have seen home prices break records early in the season as buyers try to get ahead of the competition. But this is the first time the record has been broken in February, signaling that competition is already heating up weeks before the start of the Spring buying season in a typical year," said Realtor.com® Chief Economist Danielle Hale. "While the number of homes on the market remains woefully behind buyer demand, in February we saw declines in new listings improve for the first time since November 2021, indicating potential hope on the horizon. Whether inventory continues to improve will depend on a variety of economic and geopolitical factors, including the conflict in Ukraine and mortgage rate hikes, which haven't impacted home sales or price growth so far, but will increasingly lessen buyers' purchasing power."
The national listing price broke a new record in February, signaling an early start to the 2022 Spring buying season
Housing affordability is increasingly an issue for 2022 buyers, partly due to climbing mortgage rates, which reached the highest level in nearly three years within the first two months of the year. With further hikes looming, February data suggests competition intensified as motivated buyers raced to lock in relatively affordable monthly payments. As a result, the national listing price exceeded the record set during the 2021 summer frenzy. While it's not uncommon for home price growth to begin accelerating in February, Realtor.com® data history shows listing prices didn't surpass previous peaks until at least March in every year from 2017-2021.
- In February, the U.S. median listing price increased 12.9% year-over-year to a new all-time high of $392,000, surpassing the 2021 peak (at $385,000 in July).
- Home prices posted smaller yearly gains in the 50 largest U.S. markets, up by an average of 7.8% year-over-year, mostly due to a larger number of smaller homes coming on the market. On average, big metro listing prices per square foot (+11.6% year-over-year) increased nearly as quickly as the overall national pace.
- February's biggest listing price gains were in southern (+12.5%) and western (+12.1%) metros, led by Las Vegas (+39.6%), Miami (+31.6%) and Tampa, Fla. (+31.5%).
- Home prices declined over last year in 13 markets, including Rochester, N.Y. (-18.2%), Detroit (-16.5%) and Pittsburgh (-14.0%). However, on a square foot basis, February listing prices were down in just five metros.
Inventory improvements offer buyers a potential light in the supply shortage storm
For the first time since last fall, yearly inventory declines improved slightly in February, largely due to rising numbers of new sellers. In fact, during the final two weeks of the month, more new sellers entered the market than during the same time last year. Further new listings growth, which is typical heading into the spring, will be key to inventory's forecasted recovery from 2021 lows. However, with 5.8 million new homes missing from the market and millions of millennials at first-time buying ages, housing supply faces a long road to catching up with demand. Additionally, recent bigger picture developments, like geopolitical tensions in Europe, could play a wildcard in consumer sentiment related to major financial decisions, including homebuying and selling.
- The U.S. inventory of active listings declined 24.5% year-over-year in February, improving slightly over last month's annual gap (-28.4%). However, there were still 122,000 fewer available listings than during a typical day in February 2021 and inventory was down 62.6% from February 2020.
- Relative to all active inventory, annual declines in new listings improved more significantly in February, down just 0.5% nationwide versus the 9.1% drop registered last month. Additionally, new listings grew on a year-over-year basis in the final two weeks of the month.
- Inventory remained below February 2021 levels in 46 of the 50 largest U.S. markets, but grew in Riverside, Calif. (+6.3%), Phoenix (+4.2%), Austin, Texas (+1.5%) and Sacramento, Calif. (+0.3%), marking the first month that supply increased in any large metro since October 2021.
- In another early Spring sign of rising for-sale home options, more new sellers entered the market than last year in nearly half (23) of the 50 largest markets. Furthermore, seven of these metros posted double-digit annual new listings gains: Milwaukee (+21.9%), New York (+19.5%), Oklahoma City (+16.3%), Kansas City (+15.6%), Philadelphia (+15.5%), Portland, Ore. (+12.5%) and Birmingham (+11.6%).
Homes continue to fly off the market, selling a month faster than in 2017-2019
Following a record-setting first month of the year, February time on market trends showed no signs of slowing down. Likely motivated in large part by climbing mortgage rates, buyers snatched up the inventory of new and active listings more quickly than in any prior February, and over a month faster than in 2017-2019, before the onset of COVID. Relative to national time on market, home sales notched an even faster-moving February across the 50 largest U.S. metros, only three of which posted time on market gains.
- In February, the typical U.S. home spent 47 days on market, over two weeks faster (-17 days) than in 2021 and over a month (-38 days) faster than typical February timing from 2017-2019.
- Homes moved even more quickly in the 50 largest U.S. metros, at an average of 39 days on market in February. Homes sold in the least amount of time, at 16 days or less each, in Denver, San Jose, Calif. and Nashville, Tenn.
- Among large metros, February's biggest declines in time on market were registered in Miami (-34 days), Orlando, Fla. (-29 days) and Indianapolis (-21 days). Time on market increased in just three metros, which were Buffalo, N.Y. (+10 days), Oklahoma City (+6 days) and Cincinnati (+4 days).
"It can be easy to get swept up in competition, so buyers should take the time to assess how higher mortgage rates could impact the affordability of monthly payments and consider adding a cushion at the top of their budgets. Tools like the Realtor.com® Mortgage Calculator can help you scenario plan for various rates so you're better prepared – not only for a successful buying experience, but also to comfortably afford your monthly housing costs once you have the keys in-hand," said George Ratiu, Manager of Economic Research and Senior Economist at Realtor.com®.
Ratiu's advice is also relevant to the many sellers simultaneously buying a home, who can use tools like the Realtor.com® Seller's Marketplace to help them manage the many fast-moving parts of both processes and explore selling options like initial cash offers from Opendoor.
Methodology
Realtor.com® housing data as of February 2022. Listings include active inventory of existing single-family homes and condos/townhomes for the given level of geography; new construction is excluded unless listed via an MLS. Note: With the release of its January 2022 housing trends report, Realtor.com® incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics (see more details here). As a result of these changes, this release is not directly comparable with previous data releases and reports. However, future data releases, including historical data, will consistently apply the new methodology.
About Realtor.com®
Realtor.com® makes buying, selling, renting and living in homes easier and more rewarding for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago, and today through its website and mobile apps offers a marketplace where people can learn about their options, trust in the transparency of information provided to them, and get services and resources that are personalized to their needs. Using proprietary data science and machine learning technology, Realtor.com® pairs buyers and sellers with local agents in their market, helping take the guesswork out of buying and selling a home. For professionals, Realtor.com® is a trusted provider of consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com®.
Media Contact
[email protected]
SOURCE Realtor.com | https://www.prnewswire.com/news-releases/realtorcom-february-housing-report-home-prices-hit-all-time-high-ahead-of-spring-buying-season-301494348.html | 2022-03-03T13:31:31 | en | 0.960518 |
RYB Education, Inc. to Hold an Extraordinary General Meeting on May 13, 2022
BEIJING, March 3, 2022 /PRNewswire/ -- RYB Education, Inc. ("RYB" or the "Company") (NYSE: RYB), a leading early childhood education service provider in China, today announced that it will hold an Extraordinary General Meeting of Shareholders (the "EGM") at 4/F, No. 28 Building, Fangguyuan Section 1, Fangzhuang Fengtai District, Beijing 100078, People's Republic of China, at 10:00 am (Beijing Time) on May 13, 2022.
The purpose of the EGM is for the Company's shareholders to consider, and if thought fit, approve the change of the Company's legal name from "RYB Education, Inc." to "Gravitas Education Holdings, Inc." The proposed name change will not affect any rights of shareholders or the Company's operations and financial position.
The board of directors of the Company has fixed the close of business on March 14, 2022 as the record date (the "Record Date") in order to determine the shareholders entitled to receive notice of the EGM or any adjourned or postponed meeting thereof.
Holders of the Company's ordinary shares whose names are on the register of members of the Company at the close of business on the Record Date are entitled to attend the EGM and any adjournment or postponement thereof in person. Holders of the Company's American depositary shares ("ADSs") who wish to exercise their voting rights for the underlying shares must act through Citibank, N.A., the depositary of the Company's ADS program.
The notice of the EGM is available on the Company's website at http://ir.rybbaby.com.
About RYB Education, Inc.
Founded on the core values of "Care" and "Responsibility," "Inspire" and "Innovate," RYB Education, Inc. is a leading early childhood education service provider in China. Since opening its first play-and-learn center in 1998, the Company has grown and flourished with the mission to provide high-quality, individualized and age-appropriate care and education to nurture and inspire each child for his or her betterment in life. During its two decades of operating history, the Company has built "RYB" into a well-recognized education brand and helped bring about many new educational practices in China's early childhood education industry. RYB's comprehensive early childhood education solutions meet the needs of children from infancy to 6 years old through structured courses at kindergartens and play-and-learn centers, as well as at-home educational products and services.
For more information, please visit http://ir.rybbaby.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's brand recognition and market reputation; the Company's growth strategies; trends and competition in China's early childhood education market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese early childhood education market; Chinese governmental policies relating to the Company's industry and general economic conditions in China. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
RYB Education, Inc.
Investor Relations
E-mail: [email protected]
The Piacente Group, Inc.
Yang Song
Tel: +86 (10) 6508-0677
E-mail: [email protected]
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: [email protected]
SOURCE RYB Education, Inc. | https://www.prnewswire.com/news-releases/ryb-education-inc-to-hold-an-extraordinary-general-meeting-on-may-13-2022-301494846.html | 2022-03-03T13:31:37 | en | 0.943143 |
RYU Apparel Hires Active Apparel Heavyweight to Lead Global Sales & Execute Wholesale Strategy
VANCOUVER, BC, March 3, 2022 /PRNewswire/ - RYU Apparel Inc. (TSXV: RYU) (OTCQB: RYPPF) (FWB: RYAA) ("RYU" or the "Company"), creator of award-winning urban athletic apparel, is pleased to announce the hiring of DJM Sales Consulting "DJM" —an industry heavyweight—to lead global sales and oversee the company's wholesale strategy.
As a 25-year veteran of the outdoor, sporting goods and fashion industries, DJM is known for customer-focused drive, innovation, positive leadership style and consistent growth. DJM has designed sales strategies for Red Bull North America, TenTree sustainable apparel, Oberlap Group of mountaineering brands, Kulie bike bags and other global companies. During their tenure at SAXX Underwear, they created a global wholesale division that generated $35M+ in increased revenue.
As part of DJM's role to lead global sales efforts, they will be tasked with scaling RYU's wholesale business through the company's Three Phase Plan: digital, premium brand partners and volume retail partnerships… with digital leading the way. This important part of their overall sales strategy for 2022 and beyond will play off the company's strengths of digital, brand and product.
By partnering with best-in-class retailers that share RYU's core values, DJM will help RYU expand its brand presence and gain access to new audiences, building loyalty among consumers who align with the company's "Movement Matters" mantra. Their "category killer product" strategy with long cycle franchise pieces and high cadence seasonal updates will appeal to the partners they're targeting, and RYU will benefit from in-store activations, concierge services and more.
This combination of e-commerce and brick-and-mortar retail has proven highly effective. According to Rob Garf, VP and GM of Retail at Salesforce, 60% of online sales are "influenced" by brick and mortar1. Most people prefer in-person shopping over online, and after nearly two years of the pandemic, the in-store experience has become even more important. A sales strategy that supports both channels maximizes the synergy between them.
"DJM is well-known and well-respected in the active apparel industry, so we are thrilled to have them lead our sales strategy," says Cesare Fazari CEO & Chairman of RYU. "Coming out of another tough year for retailers, their passion, tenacity and strong work ethic are welcomed and appreciated. By leveraging brand, product, digital and retail, I know they will lead us tirelessly toward our revenue goals… and beyond."
DJM will report to the COO and lead a dedicated sales team.
About RYU Apparel
RYU Apparel (TSXV: RYU,OTCQB: RYPPF), or Respect Your Universe, is an award winning urban athletic apparel and accessories brand engineered for active lifestyles. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate optimal human performance. For more information, please visit the RYU website at: http://ryu.com.
Forward Looking Statements Disclaimer
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU. There are numerous risks and uncertainties that could cause actual results and RYU's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions resulting in the inability of RYU to raise necessary financing required to enter and make payments under the proposed definitive agreements; (ii) the inability of RYU to obtain any necessary approvals in respect of the proposed agreements, including approvals necessary for the issuance of the RSU's; and (iii) inability to restructure and transform its business as required. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward-looking statements.
SOURCE RYU Apparel Inc. | https://www.prnewswire.com/news-releases/ryu-apparel-hires-active-apparel-heavyweight-to-lead-global-sales--execute-wholesale-strategy-301494708.html | 2022-03-03T13:31:43 | en | 0.943965 |
LONDON, NEW YORK and SINGAPORE, March 3, 2022 /PRNewswire/ -- Sequential Skin Ltd, a leading microbiome company today announced the debut of Sequential Bio – a novel "in-vivo" microbiome testing solution uniquely tailored for companies across skincare, haircare, and personal care product industries.
In-vivo testing is a means to test in, or on, the human body. It gives higher resolution and more relevance to real-world conditions than testing on cells in a lab – or "in-vitro".
Available today via the Sequential Bio website, the novel end-to-end solution fills a critical need for companies seeking to understand the effects of their ingredients on the body's microbiome in real-world conditions – giving them more sophisticated data to assess and validate the products they produce and sell.
The skin microbiome modulators market, for example, is growing at a lightning rate - expanding to nearly $3B USD by 2030 at a CAGR of 15% (2020-2030). "In today's world where the rising demand for transparency is becoming more and more important, and the effects ingredients have on the body are increasingly scrutinised, being able to test consumer products is critical," said Dr Oliver Worsley, CEO and cofounder.
"With the launch of Sequential Bio, companies now have a proven in-vivo capability, and we are looking forward to helping more clients to create microbiome friendly products while increasing consumer trust," continued Worsley.
Maintains the Microbiome™ - in vivo certified by Sequential Bio.
Backed by some of the world's most prominent venture capital companies such as Metaplanet, Scrum Ventures, SOSV, Genedant, and Ben Holmes (ex. General Partner at Index Ventures), the Sequential Bio team has spent the last 12 months working with over 25 personal care companies to help them test and validate their own microbiome claims using in-vivo testing - yielding promising results.
In addition to offering NGS analysis, Sequential Bio have developed highly sensitive assays that provides absolute quantification of the microbiome, rather than just relative abundance. This allows for higher resolution of key species and strain-level, as well providing it at a more cost-effective offering than competitors.
So far, companies have been able to quickly see results giving them huge confidence in their personal care products and the effects they have on the body.
Rob Calcraft, founder of Cultured Biomecare, and former founder of Ren skincare commented: "Utilising the Sequential Bio solution allowed us to conduct tests in 'real world' conditions on consumers. This novel in-vivo testing was pivotal for us as it validated our products as not just friendly, but also showed how beneficial it was for the skin microbiome. The Sequential Bio team was great to work with - knowledgeable, insightful, and thoroughly professional. We will definitely be working with them again."
Dr. Lavienja Schreurs-Braam, founder of Vavin Skincare, commented: "Sequential Bio has helped us further our understanding of the intriguing world of the skin microbiome. By using their quality analysis we were able to confirm we are on the right track with developing skincare products for a healthy skin microbiome."
About Sequential Bio
Sequential Bio is part of the Sequential Skin family - a team of award-winning scientists with a mission to empower individuals and companies to prioritise their health, starting with the microbiome. The Sequential test is the product of the team's combined 30 year+ expertise in genetics, epigenetics and microbiome research.
Picture herein: Dr Albert Dashi, CSO/cofounder and Petronille Houdart, PharmD and skincare director in the Sequential lab in Singapore.
Media Contacts:
[email protected]
+44 (0) 7832237937
SOURCE Sequential Skin Ltd | https://www.prnewswire.com/news-releases/sequential-skin-debuts-sequential-bio--the-worlds-first-in-vivo-microbiome-testing-solution-for-skin-hair-and-personal-product-industries-301494726.html | 2022-03-03T13:31:55 | en | 0.945957 |
SAN FRANCISCO, March 3, 2022 /PRNewswire/ -- The global skincare devices market size is expected to reach USD 34.3 billion By 2030, registering a CAGR of 11.9%, according to a new report by Grand View Research, Inc. An increasing number of skin-related disorders such as cancer and assorted disorders are likely to increase the adoption rate of these devices.
Key Insights & Findings from the report:
- Cellulite reduction was the largest segment in 2014 owing to its wide acceptance and usage globally.
- The body contouring and skin tightening segment is expected to witness the fastest growth over the forecast period due to the rising demand for aesthetic procedures.
- North America was the largest region in 2016 owing to technological advancements, well-established infrastructure, and the presence of high-income buyers.
- Asia Pacific is likely to be the fastest-growing region owing to the availability of cost-effective devices and rising disposable income.
- Some of the prominent players of the market are Syneron Medical Ltd; Philips; Solta Medical Inc.; Alma Lasers Ltd; Schick Medical; Lumenis Ltd.; and PhotoMedex. The key players are engaging in different marketing strategies to increase their market shares.
Read 129-page market research report, "Skincare Devices Market Size, Share & Trends Analysis Report By Product, By Application (Disease Diagnosis & Treatment, Hair Removal, Skin Rejuvenation, Cellulite Reduction, Body Contouring), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Skincare Devices Market Growth & Trends
Rising use of home-care products and growing medical spa treatments are some of the key trends stimulating market growth. Some of the key factors that are driving growth are technological advancements, growing appearance consciousness, and rising disposable income.
Growing awareness regarding the benefits of skin rejuvenation amongst patients, rising demand for aesthetics, and increasing incidence of skin disorders are among the primary growth stimulants. Syneron Medical, a U.S.-based company, is one of the biggest players in the skin rejuvenation market. Its product is known as VelaSmooth which has been approved by the U.S. FDA.
The market is projected to witness significant growth over the forecast period, owing to the rising prevalence of skin diseases. Technological advancements, extremely effective devices, and increasing acceptance of these devices as they are non-invasive, are some of the factors escalating the growth of the market.
Furthermore, surging demand for processes such as liposuction, body contouring, skin rejuvenation, and tightening is anticipated to accelerate the growth of the market. However, equipment cost and competitive pricing are limiting the market from realizing its utmost potential.
Skincare Devices Market Segmentation
Grand View Research has segmented the skincare devices market on the basis of product, application, end-use, and region:
Skincare Devices Product Outlook (Revenue, USD Million, 2018 - 2030)
- Diagnostic Devices
- Dermatoscopes
- Microscopes
- Other Imaging Devices
- Biopsy Devices
- Treatment Devices
- Light Therapy Devices
- Lasers
- Electrosurgical Equipment
- Liposuction Devices
- Microdermabrasion Devices
- Cryotherapy Devices
Skincare Devices Application Outlook (Revenue, USD Million, 2018 - 2030)
- Diagnostic Devices
- Skin Cancer Diagnosis
- Other
- Treatment Devices
- Hair Removal
- Skin Rejuvenation
- Acne, Psoriasis, and Tattoo Removal
- Wrinkle Removal and Skin Resurfacing
- Body Contouring and Fat Removal
- Cellulite Reduction
- Vascular and Pigmented Lesion Removal
- Others
Skincare Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Clinics
- Others
Skincare Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Netherlands
- Belgium
- Switzerland
- Asia Pacific
- Japan
- China
- India
- Thailand
- South Korea
- Indonesia
- Singapore
- Malaysia
- Australia
- Philippines
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- MEA
- South Africa
- Saudi Arabia
- UAE
- Israel
- Turkey
List of Key Players of Skincare Devices Market
- Alma Lasers GmbH
- Cynosure, Inc.
- Solta Medical, Inc.
- Cutera, Inc.
- Syneron Medical Ltd.
- Canfield Scientific, Inc.
- 3Gen
- Aesthetic Group
- Ambicare Health
- Image Derm, Inc.
Check out more related studies published by Grand View Research:
- Skin Boosters Market - The global skin boosters market size is anticipated to reach USD 2.1 billion by 2030, according to the new report of Grand View Research, Inc. The market is expected to expand at a CAGR of 9.3% from 2022 to 2030. Skin Boosters is a procedure wherein microinjections of biocompatible compounds like hyaluronic acid, vitamins, minerals, anti-oxidants, etc. that are naturally produced by the body are injected into the epidermis or mesoderm. Skin boosters simply help aid in the hydration process, which is fundamental for a youthful glow.
- Liposuction Surgery Devices Market - The global liposuction surgery devices market size is expected to reach USD 7.5 billion by 2030 at a CAGR of 12.5%, according to a new report by Grand View Research, Inc. Increased awareness regarding new cosmetic treatments in the developed economies, such as North America is one of the major driving factors of the liposuction surgery devices. In addition, the integration of modern technology and the adoption of technologically advanced surgical devices is fueling market growth.
- Cosmetic Surgery And Procedure Market - The global cosmetic surgery and procedure market size is expected to reach USD 145.7 billion by 2030, registering a CAGR of 9.6%, according to a new report by Grand View Research, Inc. Technological developments, growing use of social media, and increasing disposable income are some of the factors likely to drive the market during the forecast period.
Browse through Grand View Research's Medical Devices Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
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SOURCE Grand View Research, Inc. | https://www.prnewswire.com/news-releases/skincare-devices-market-size-worth-34-3-billion-by-2030-grand-view-research-inc-301494895.html | 2022-03-03T13:32:01 | en | 0.903158 |
NEW YORK, March 3, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Standard Lithium Ltd. ("Standard Lithium" or the "Company") (NYSE: SLI) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Standard Lithium investors who were adversely affected by alleged securities fraud between May 19, 2020 and November 17, 2021. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/standard-lithium-ltd-loss-submission-form?prid=24206&wire=4
SLI investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) the LiSTR Direct Lithium Extraction technology's extraction recovery efficiencies were overstated; (ii) accordingly, the Company's final product lithium recovery percentage at the Demonstration Plant would not be as high as the Company had represented to investors; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT'S NEXT? If you suffered a loss in Standard Lithium during the relevant time frame, you have until March 28, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/sli-lawsuit-alert-levi--korsinsky-notifies-standard-lithium-ltd-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301494466.html | 2022-03-03T13:32:07 | en | 0.9341 |
NEW YORK, March 3, 2022 /PRNewswire/ -- The smart connected clothing market size is expected to increase by USD 2.95 billion from 2021 to 2026, registering a CAGR of 14.84%, according to the latest research report from Technavio.
Download Our Free Sample Report and gain access to a detailed customer landscape matrix comparing key industry-driven parameters.
The report on the smart connected clothing market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by technology innovation leading to product premiumization.
The Smart Connected Clothing Market is segmented by Distribution Channel (Offline distribution channel and Online distribution channel), End-user (Men, Women, and Children), and Geography (North America, Europe, APAC, South America, and the Middle East and Africa).
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The smart connected clothing market covers the following areas:
Smart Connected Clothing Market Sizing
Smart Connected Clothing Market Forecast
Smart Connected Clothing Market Analysis
Companies Mentioned
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- AiQ Smart Clothing Inc.
- Athos
- Carre Technologies Inc.
- DuPont de Nemours Inc.
- Interactive Wear AG
- Kolon Industries Inc.
- Myontec Oy
- Myzone Group
- Noble Biomaterials Inc.
- Ohmatex AS
- OTEX Specialty Narrow Fabrics
- Outlast Technologies GmbH
- Owlet Baby Care
- Schoeller Textil AG
- Sensoria Inc.
- Toyobo Co. Ltd.
- Vista Medical Ltd.
- Vulpes Electronics GmbH
- Wearable X
Key Market Drivers & Challenges:
One of the primary drivers of the smart connected clothes market's growth is a technological advancement that leads to product premiumization. Wireless technology, Bluetooth motion sensors, temperature sensors, and other leading technologies have all brought significant improvements to the sector. These technologies are the cornerstones of the smart linked clothing concept, which includes skirts, shirts, jeans, and clothing accessories. As a result, technical innovation is at the heart of the production of smart-linked apparel.
Another element driving the growth of the smart connected clothes market is increased product promotion via digital marketing and social media. For product promotion and customer involvement, social media has been shown to be a powerful tool. The major participants in the global market for smart connected clothes are active on digital and social media channels. As a result, it is simple for vendors to establish sales dialogue with individuals and gain them as possible clients.
Download a free sample for highlights on market Drivers & Challenges affecting the Smart Connected Clothing market.
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Key Topics Covered:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 19: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Distribution Channel
- 5.1 Market segments
- Exhibit 25: Chart on Distribution Channel - Market share 2021-2026 (%)
- Exhibit 26: Data Table on Distribution Channel - Market share 2021-2026 (%)
- 5.2 Comparison by Distribution Channel
- Exhibit 27: Chart on Comparison by Distribution Channel
- Exhibit 28: Data Table on Comparison by Distribution Channel
- 5.3 Offline distribution channel - Market size and forecast 2021-2026
- Exhibit 29: Chart on Offline distribution channel - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Data Table on Offline distribution channel - Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Chart on Offline distribution channel - Year-over-year growth 2021-2026 (%)
- Exhibit 32: Data Table on Offline distribution channel - Year-over-year growth 2021-2026 (%)
- 5.4 Online distribution channel - Market size and forecast 2021-2026
- Exhibit 33: Chart on Online distribution channel - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Data Table on Online distribution channel - Market size and forecast 2021-2026 ($ million)
- Exhibit 35: Chart on Online distribution channel - Year-over-year growth 2021-2026 (%)
- Exhibit 36: Data Table on Online distribution channel - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Distribution Channel
- Exhibit 37: Market opportunity by Distribution Channel ($ million)
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 38: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 39: Data Table on End-user - Market share 2021-2026 (%)
- 6.2 Comparison by End-user
- Exhibit 40: Chart on Comparison by End-user
- Exhibit 41: Data Table on Comparison by End-user
- 6.3 Men - Market size and forecast 2021-2026
- Exhibit 42: Chart on Men - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on Men - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on Men - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on Men - Year-over-year growth 2021-2026 (%)
- 6.4 Women - Market size and forecast 2021-2026
- Exhibit 46: Chart on Women - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Women - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Women - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Women - Year-over-year growth 2021-2026 (%)
- 6.5 Children - Market size and forecast 2021-2026
- Exhibit 50: Chart on Children - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Children - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Children - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Children - Year-over-year growth 2021-2026 (%)
- 6.6 Market opportunity by End-user
- Exhibit 54: Market opportunity by End-user ($ million)
7 Customer Landscape
- 7.1 Customer landscape overview
- Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
- 8.1 Geographic segmentation
- Exhibit 56: Chart on Market share by geography 2021-2026 (%)
- Exhibit 57: Data Table on Market share by geography 2021-2026 (%)
- 8.2 Geographic comparison
- Exhibit 58: Chart on Geographic comparison
- Exhibit 59: Data Table on Geographic comparison
- 8.3 North America - Market size and forecast 2021-2026
- Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 8.4 Europe - Market size and forecast 2021-2026
- Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 8.5 APAC - Market size and forecast 2021-2026
- Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 8.6 South America - Market size and forecast 2021-2026
- Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 8.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 8.8 US - Market size and forecast 2021-2026
- Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)
- 8.9 Japan - Market size and forecast 2021-2026
- Exhibit 84: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 85: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 86: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 87: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 8.10 China - Market size and forecast 2021-2026
- Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)
- 8.11 UK - Market size and forecast 2021-2026
- Exhibit 92: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 93: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 94: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 95: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 8.12 Germany - Market size and forecast 2021-2026
- Exhibit 96: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 97: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 98: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 99: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 8.13 Market opportunity by geography
- Exhibit 100: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 101: Impact of drivers and challenges in 2021 and 2026
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 103: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 104: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 105: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 106: Matrix on vendor position and classification
- 11.3 AiQ Smart Clothing Inc.
- Exhibit 107: AiQ Smart Clothing Inc. - Overview
- Exhibit 108: AiQ Smart Clothing Inc. - Product / Service
- Exhibit 109: AiQ Smart Clothing Inc. - Key offerings
- 11.4 Athos
- Exhibit 110: Athos - Overview
- Exhibit 111: Athos - Product / Service
- Exhibit 112: Athos - Key offerings
- 11.5 Carre Technologies Inc.
- Exhibit 113: Carre Technologies Inc. - Overview
- Exhibit 114: Carre Technologies Inc. - Product / Service
- Exhibit 115: Carre Technologies Inc. - Key offerings
- 11.6 DuPont de Nemours Inc.
- Exhibit 116: DuPont de Nemours Inc. - Overview
- Exhibit 117: DuPont de Nemours Inc. - Business segments
- Exhibit 118: DuPont de Nemours Inc. - Key offerings
- Exhibit 119: DuPont de Nemours Inc. - Segment focus
- 11.7 Myontec Oy
- Exhibit 120: Myontec Oy - Overview
- Exhibit 121: Myontec Oy - Product / Service
- Exhibit 122: Myontec Oy - Key offerings
- 11.8 Myzone Group
- Exhibit 123: Myzone Group - Overview
- Exhibit 124: Myzone Group - Product / Service
- Exhibit 125: Myzone Group - Key offerings
- 11.9 Owlet Baby Care
- Exhibit 126: Owlet Baby Care - Overview
- Exhibit 127: Owlet Baby Care - Product / Service
- Exhibit 128: Owlet Baby Care - Key offerings
- 11.10 Sensoria Inc.
- Exhibit 129: Sensoria Inc. - Overview
- Exhibit 130: Sensoria Inc. - Product / Service
- Exhibit 131: Sensoria Inc. - Key offerings
- 11.11 Vulpes Electronics GmbH
- Exhibit 132: Vulpes Electronics GmbH - Overview
- Exhibit 133: Vulpes Electronics GmbH - Product / Service
- Exhibit 134: Vulpes Electronics GmbH - Key offerings
- 11.12 Wearable X
- Exhibit 135: Wearable X - Overview
- Exhibit 136: Wearable X - Product / Service
- Exhibit 137: Wearable X - Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 138: Inclusions checklist
- Exhibit 139: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 140: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 141: Research methodology
- Exhibit 142: Validation techniques employed for market sizing
- Exhibit 143: Information sources
- 12.5 List of abbreviations
- Exhibit 144: List of abbreviations
About Us
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SOURCE Technavio | https://www.prnewswire.com/news-releases/smart-connected-clothing-market-size-to-grow-by-usd-2-95-billion-technology-innovation-leading-to-product-premiumization-to-boost-market-growth-technavio-301494198.html | 2022-03-03T13:32:13 | en | 0.809339 |
SOCCER'S G.O.A.T. DEBUTS LIMITED-EDITION LAY'S® G.O.A.T CHEESE FLAVOR SERIES
2022 soccer campaign brings the joy to fans around the world with Leo Messi and Lieke Martens
NEW YORK, March 3, 2022 /PRNewswire/ -- Today, soccer's G.O.A.T. player and seven-time Ballon d'Or winner Lionel Messi surprised fans revealing the limited-edition Lay's® G.O.A.T. Cheese Flavor Series. After teasing the idea of this special packaging on social media to the joy of fans around the world last year, Lay's is celebrating the "greatest of all time" with its own G.O.A.T. cheese flavors to kick off its annual global soccer campaign, building upon the brand's continued premiere partnership with the UEFA Champions League.
The special limited-edition packaging series includes fan-favorite, distinct cheese flavors, available in select markets around the world, starting with: the U.S.'s Cheddar Jalapeño and Argentina's Queso & Pimienta and Caramelized Onion. Fans in the U.S. can purchase the product, while supplies last, at www.snacks.com beginning March 3rd.
Messi commented: "I've worked with Lay's for many years now, and of course been featured on their packaging. But this is new level. I am so excited Lay's was able to make this happen for fans and hope they can get their hands on one of Lay's G.O.A.T. bags!"
Additionally, the world's number one snack brand is premiering the hallmark of its global soccer campaign: new creative that will have fans joyfully following along a high-energy game in the streets that causes you to question what is truly needed for a game of soccer – a ball or love of the game? An all-star player line-up doesn't hurt, with the spot featuring Messi and Lieke Martens. Lay's "Grab the Moment" passes an imaginary ball through dives, tricks and bites of the beloved chip, welcoming all to take part in the game.
Martens commented: "This year's Lay's campaign is exactly what Lay's is all about: fun and joy. And I think we gave a game without a ball a really good effort! Because we all know, it takes more than a ball to play."
Sebnem Erim, VP of Marketing, Global Foods, PepsiCo, said: "We are kicking off another exciting UEFA Champions League season celebrating the joy and passion our fans show for the sport each year. From bringing to life the hotly anticipated Lay's G.O.A.T. limited-edition packaging and flavors to an imaginative creative that you just have to smile throughout, our goal this season is to celebrate our fans and bring them joy as they open a bag of Lay's and get ready to watch a UEFA Champions League match at home or in the stadium."
This year's global soccer effort will be supported by a suite of content, including engaging digital creative, in-store and special-edition packaging.
FOR MORE INFORMATION, CONTACT:
[email protected]
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $79 billion in net revenue in 2021, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with PepsiCo Positive (pep+). pep+ is our strategic end-to-end transformation that puts sustainability at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com.
SOURCE PepsiCo | https://www.prnewswire.com/news-releases/soccers-goat-debuts-limited-edition-lays-goat-cheese-flavor-series-301494448.html | 2022-03-03T13:32:19 | en | 0.938072 |
NEW YORK, March 3, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in SunPower Corporation ("SunPower" or the "Company") (NASDAQ: SPWR) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of SunPower investors who were adversely affected by alleged securities fraud between August 3, 2021 and January 20, 2022. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/sunpower-corporation-loss-submission-form?prid=24216&wire=4
SPWR investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) certain connectors used by SunPower suffered from cracking issues; (2) as a result, the Company was reasonably likely to incur costs to remediate the faulty connectors; (3) as a result of the foregoing, SunPower's financial results would be adversely impacted; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in SunPower during the relevant time frame, you have until April 18, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/spwr-lawsuit-alert-levi--korsinsky-notifies-sunpower-corporation-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301494393.html | 2022-03-03T13:32:25 | en | 0.935492 |
NEW YORK, March 3, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Shattuck Labs, Inc. ("Shattuck" or the "Company") (NASDAQ: STTK) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Shattuck investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Shattuck securities: (1) pursuant and/or traceable to the registration statement and related prospectus issued in connection with Shattuck's October 2020 initial public offering; and/or (2) between October 9, 2020 and November 9, 2021, inclusive. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/shattuck-labs-inc-loss-submission-form?prid=24207&wire=4
STTK investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the collaboration agreement with Takeda was not solid; (2) Takeda and Shattuck would "mutually agree" to terminate the collaboration agreement in essentially one year; (3) as a result, Shattuck would cease to receive any future milestone, royalty, or other payments from Takeda; and (4) as a result, defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHAT'S NEXT? If you suffered a loss in Shattuck during the relevant time frame, you have until April 1, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/sttk-lawsuit-alert-levi--korsinsky-notifies-shattuck-labs-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301494381.html | 2022-03-03T13:32:31 | en | 0.939541 |
Susana Mir's new book "Recetas del corazón para el corazón" brings a comprehensive medium leading to a heart-healthy lifestyle and diet for the family
Recent release "Recetas del corazón para el corazón" from Page Publishing author Susana Mir contains tasty recipes that will cater a person with hypertension and will appease the whole family as well with their variety.
JACKSONVILLE, Fla., March 3, 2022 /PRNewswire-HISPANIC PR WIRE/ -- Susana Mir, a writer and chef born from a city in Venezuela, has completed her new book "Recetas del corazón para el corazón": a brilliant cookbook made from the heart as the author shares her knowledge in the kitchen. Sprawled throughout the pages are different recipes to dishes that are good for those with hypertension.
Mir shares, "Recetas del corazón para el corazón was born initially from the experience of having a family member with the condition of hypertension. I highlight condition, because we must understand that it is not a disease and since it is not, one should only learn to eat in a different and healthy way without stopping eating delicious things as anyone can do. Thus, from the heart we begin to make changes to help such an important muscle to function better and to take care of it conscientiously. With recipes that we can all consume and share with that someone who has that special health condition, we want to accompany them in these new habits that can be easily implemented at the family level and that is nothing more than adopting a healthy diet, creating a wide variety of recipes that finally They will provide a better quality of life to an entire family group, sharing from the heart and for the heart. In this way, the rest of the family group will benefit from these recipes, reducing the risk that other members may develop hypertensive conditions. Recetas del corazón para el corazón is a guide for us to conscientiously improve our way of eating."
Published by Page Publishing, Susana Mir's delectable dishes will satiate hunger in a healthy and smart way that is fit for anyone in the family with hypertension.
Still tasty to the palate, her recipes will invite the entire family to the table. It's time to eat well, eat right, and eat smart!
Readers who wish to experience this potent work can purchase "Recetas del corazón para el corazón" online at the Apple iTunes Store, Amazon, Google Play, or Barnes and Noble.
For additional information or media inquiries, contact Page Publishing at 866-315-2708.
About Page Publishing:
Page Publishing is a traditional, full-service publishing house that handles all the intricacies involved in publishing its authors' books, including distribution in the world's largest retail outlets and royalty generation. Page Publishing knows that authors need to be free to create, not mired in logistics like eBook conversion, establishing wholesale accounts, insurance, shipping, taxes, and so on. Page's accomplished writers and publishing professionals allow authors to leave behind these complex and time-consuming issues and focus on their passion: writing and creating. Learn more at www.pagepublishing.com.
Foto - https://mma.prnewswire.com/media/1757660/Recetas_del_Corazon_Para_el_Corazon.jpg
SOURCE Page Publishing | https://www.prnewswire.com/news-releases/susana-mir-s-new-book-recetas-del-corazon-para-el-corazon-brings-a-comprehensive-medium-leading-to-a-heart-healthy-lifestyle-and-diet-for-the-family-844960490.html | 2022-03-03T13:32:37 | en | 0.936757 |
NEW YORK, March 3, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Tal Education Group ("TAL" or the "Company") (NYSE: TAL) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of TAL investors who were adversely affected by alleged securities fraud between April 26, 2018 and July 22, 2021. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/tal-education-group-loss-submission-form?prid=24210&wire=4
TAL investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (a) TAL's revenue and operational growth was the result of deceptive marketing tactics and illicit business practices that flouted Chinese laws, regulations and policies, and exposed the Company to an extreme risk that more draconian measures would be imposed on the Company; (b) TAL had engaged in misleading and fraudulent advertising practices, including the provision of false and misleading discount information designed to obfuscate the true cost of the Company's programs to its customers, the creation of fake customer reviews designed to fraudulently lure new customers to TAL programs, the misrepresentation of teacher qualifications and course qualities, and the marketing of rigged promotional events; (c) TAL had defied Chinese policies designed to alleviate the burden imposed by tutoring services on students and their families, including by imposing hefty advances and recurring debt payments on course enrollees, by offering courses designed to give affluent students unfair advantages, by holding courses outside of allowable tutoring hours, and by linking for-profit courses to government-mandated schooling; (d) as a result of the foregoing, TAL was subject to an extreme undisclosed risk of adverse enforcement actions, regulatory fines and penalties, and the imposition of new rules and regulations adverse to the Company's business and financial interests; and (e) as a result of the foregoing, TAL's historical growth was not sustainable or the result of legitimate business tactics as represented, and defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and lacked a reasonable factual basis.
WHAT'S NEXT? If you suffered a loss in TAL during the relevant time frame, you have until April 5, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/tal-lawsuit-alert-levi--korsinsky-notifies-tal-education-group-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301494509.html | 2022-03-03T13:32:43 | en | 0.944971 |
NEW YORK, March 3, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Talkspace, Inc. f/k/a Hudson Executive Investment Corporation ("Talkspace" or the "Company") (NASDAQ: TALK) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Talkspace investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of: (a) all persons or entities that purchased or otherwise acquired Talkspace securities between June 11, 2020 and November 15, 2021, both dates inclusive, and/or (b) all holders of Talkspace common stock as of the record date for the special meeting of shareholders held on June 17, 2021. Follow the link below to get more information and be contacted by a member of our team:
TALK investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) Hudson Executive Investment Corporation ("HEIC") had overstated its competitive advantage and due diligence capabilities with respect to identifying and effectuating a merger with target companies; (ii) HEIC had conducted inadequate due diligence into then-private, pre-Merger Talkspace, or else ignored and/or failed to disclose multiple red flags concerning then-private, pre-Merger Talkspace's business and operations; (iii) Talkspace was experiencing significantly increased online advertising costs in its B2C business since the beginning of 2021; (iv) Talkspace was experiencing lower conversion rates in its online advertising in its business-to-consumer ("B2C") business; (v) as a result of (iii) and (iv) above, Talkspace was experiencing increased customer acquisition costs and more tepid B2C demand than represented to investors; (vi) as a result of (iii)-(v) above, Talkspace was suffering from ballooning customer acquisition costs and worsening growth and gross margin trends; (vii) Talkspace had overvalued its accounts receivables from certain of its health plan clients in its B2B business, which amounts required adjustment downward; and (viii) as a result of (iii)-(vii) above, Talkspace's 2021 financial guidance was not achievable and lacked any reasonable basis in fact.
WHAT'S NEXT? If you suffered a loss in Talkspace during the relevant time frame, you have until March 8, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/talk-lawsuit-alert-levi--korsinsky-notifies-talkspace-inc-fka-hudson-executive-investment-corporation-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301494467.html | 2022-03-03T13:32:49 | en | 0.951952 |
NEW YORK, March 3, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Taskus, Inc. ("Taskus" or the "Company") (NASDAQ: TASK) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Taskus investors who were adversely affected by alleged securities fraud between June 11, 2021 and January 19, 2022. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/taskus-inc-loss-submission-form?prid=24219&wire=4
TASK investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) TaskUs was experiencing severe financial strain and business challenges, particularly with its most important customer, Facebook; (2) the Content Security market was smaller than defendants represented and defendants' representations were based on outdated market data; (3) TaskUs improperly recognized revenue from certain key contracts; (4) defendants overstated the size of TaskUs' workforce as well as employee retention rates, and understated attrition rates; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Taskus during the relevant time frame, you have until April 25, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/task-lawsuit-alert-levi--korsinsky-notifies-taskus-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301494515.html | 2022-03-03T13:32:55 | en | 0.936735 |
WASHINGTON, March 3, 2022 /PRNewswire/ -- The Asia Group (TAG) is excited to announce the next step in its "Asia Expansion Initiative" – the formal launch of a Vietnam office along with a set of strategic partnerships with leading business consultancy firms in key Southeast Asian markets. These investments underscore TAG's commitment to helping its clients seize new opportunities in markets throughout Southeast Asia, by integrating local knowledge and connectivity to forge industry-leading consulting capabilities.
Led by TAG's CEO and Co-Founder Nirav Patel, Vietnam Country Director Hung Manh Nguyen, Vice President John Lichtefeld, and Associate Tra Hoang, with support from Senior Advisor and former Vietnamese Ambassador to the United States Pham Quang Vinh, TAG's Vietnam practice has grown rapidly and led to client success across multiple sectors. Located in central Hoan Kiem District, TAG's Hanoi office provides clients with a platform to engage both the Government of Vietnam and the Vietnamese business community to manage regulatory challenges, develop joint venture partnerships, and advance core business objectives.
Building on the success of its flagship office in Hanoi, TAG is also excited to announce strategic partnerships with information and communication technology firm Optel in the Philippines, led by Donald Felbaum, and media and public relations firm Black Dot in Singapore, led by Nicholas Fang. TAG's strategic partnerships complement its industry-leading team in Washington, DC, and growing service network in Southeast Asia, which includes TAG's Senior Advisor in Indonesia, former Indonesian Ambassador to the United States Dino Patti Djalal.
"Both Don and Nick bring a wealth of experience and demonstrated leadership of complex initiatives," said TAG CEO and Co-Founder Nirav Patel. "We are excited by our continued expansion in Southeast Asia and look forward to working with Optel and Black Dot to support our clients to execute market entry, sales, and dispute resolution efforts across ASEAN's dynamic markets."
TAG recognizes that Asia is not a part-time market and continues to place a premium on hiring world-class talent and forging partnerships for its clients in Southeast Asia and across the Indo-Pacific. Over the coming weeks, TAG will announce and continue to pursue additional hires, partnerships, and offices as part of its Asia Expansion Initiative.
The Asia Group is the premier strategic advisory firm to the world's leading companies seeking to excel across the Indo-Pacific. With a team of dynamic and experienced professionals – from consultants and former senior government officials to lawyers and investment bankers – The Asia Group supports companies with end-to-end integrated strategies for market entry and expansion. To learn more about The Asia Group, please visit www.theasiagroup.com or reach out at [email protected].
SOURCE The Asia Group | https://www.prnewswire.com/news-releases/the-asia-group-expands-asean-presence-301494754.html | 2022-03-03T13:33:01 | en | 0.952239 |
The debris has been floating in space for the past decade and experts believe it came from a Chinese rocket test. The impact is expected to leave a crater anywhere from about 30 to 60 feet wide.
Copyright 2022 NPR
The debris has been floating in space for the past decade and experts believe it came from a Chinese rocket test. The impact is expected to leave a crater anywhere from about 30 to 60 feet wide.
Copyright 2022 NPR | https://www.publicradiotulsa.org/2022-03-03/3-tons-of-space-junk-are-expected-to-hit-the-moon-and-carve-out-a-crater | 2022-03-03T13:33:04 | en | 0.966315 |
JERSEY CITY, N.J., March 3, 2022 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Global Cell and Gene Therapy Bioassay Services Market (Type of Therapy (Cell Therapy and Gene Therapy), Therapeutic Area (Oncological, Cardiovascular, Infectious, Autoimmune, Rare/Genetic, Metabolic, Neurological, Blood, Ophthalmic Disorders, and Other Therapeutic Areas), Scale of Operation (Discovery, Preclinical, Clinical)- Market Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
According to the latest research by InsightAce Analytic, the global cell and gene therapy bioassay services market is valued at US$ 1.63 Billion in 2021, and it is expected to reach US$ 5.64 Billion by 2030 with a CAGR of 15.0% during a forecast period of 2022-2030.
Request for Sample Pages: https://www.insightaceanalytic.com/request-sample/1208
Cell and gene therapies include extracting protein, cells, or genetic material from the patient or donor and altering them to provide a highly targeted or personalized treatment. These therapies can treat complex & rare diseases and provide long-lasting benefits than traditional treatments. Hence, the demand for various contract research organizations that offer bioassay services for cell and gene therapies has increased over the years.
Numerous factors such as the increasing need for advanced therapy treatments, rising incidence of cancer and other chronic diseases, advancements in genomics technology methods are predominantly driving the market growth. Increasing demand for personalized therapies and increasing government funding for the R&D of innovative cell & gene therapies are further anticipated to boost the demand for the bioassay services market during the forecast period. Due to the increasing demand for cost-effective and efficient cell & gene therapies, outsourcing contract research organizations (CROs) have expanded the bioassay services, thereby fueling market growth opportunities in the near future. Various contract research businesses claiming to provide bioassay services for cell and gene therapies have developed as the demand for outsourcing bioanalytical services grows. However, the high cost of bioassay services may restrict the growth of the global cell and gene therapy bioassay services market in the upcoming years.
Geographically, North America is estimated to hold the maximum share of the market over the forecast years due to the increasing launch of cell and gene therapy products and increasing R&D activities in biopharma companies to develop cell and gene therapies.
Request for ToC: https://www.insightaceanalytic.com/report/global-cell-and-gene-therapy-bioassay-services-market/1208
Major market players operating in the cell and gene therapy bioassay services market include AnaBioTec (Belgium), CCRM (Canada), Nexelis (Canada), Lonza (Switzerland), PPD Laboratories (North Carolina), Intertek Pharmaceutical Services (UK), Pacific BioLabs (US), WuXi Advanced Therapies (US), Porton Biopharma Ltd (UK), Avomeen (US), Charles River Laboratories (US), BioAgilytix Labs (US), Absorption Systems (US), Catalent, Inc (US), Svar Life Science AB (Sweden) among others.
Some significant developments in the market:
- In Dec 2021, Mediphage Bioceuticals, Inc. has been acquired by CCRM Enterprises Inc., the company's venture capital arm. CCRM Enterprises' investment will be used to fund the technology's development and continued operations, as well as access to CCRM's scientific and industrial experience. Mediphage is focusing on a non-viral gene therapy platform that will pave the way for personalized genetic treatment that is both safe and effective, while also addressing many of the drawbacks of current viral vector-based gene therapy technologies.
- In April 2021, AavantiBio (US), a gene therapy company, and Catalent (US), the provider of drugs, cell & gene therapies, partnered to support the development and manufacturing of AavantiBio's gene therapies.
- In November 2021, WuXi Advanced Therapies (US) opened a new cell and gene therapy testing facility with 140,000 square feet of laboratory space. This facility will further enhance the company's contract testing, development, and manufacturing organization (CTDMO) business model by tripling the company's previous testing capacity, meeting the increasing needs of customers in the cell and gene therapy industry.
- In April 2021, PPD, Inc., a global contract research organization ( CRO ), is expanding its Athlone, Ireland, GMP laboratory, increasing the size of its current facility and adding cell and gene therapy testing to the operation's portfolio of services.The expansion enhances PPD's ability to deliver global scientific and technical expertise to meet growing customer demand in Europe, the Middle East and Africa, and the Asia-Pacific region
- In Jan 2021, Nexelis has signed an asset purchase agreement with GSK to acquire its GCLP-certified clinical bioanalytical laboratory located in Marburg, Germany.Nexelis intends to quickly expand the Marburg site, initiating collaborations with other vaccine development companies as well as with the company's other North American and European sites.
Obtain Full Report Details @ https://www.insightaceanalytic.com/request-sample/1208
Market Segments
Global Cell and Gene Therapy Bioassay Services Market (Revenue Forecast and Industry Analysis), by Type of Therapy, 2019-2030 (Value US$ Mn)
- Gene Therapy
- Cell Therapy
Global Cell and Gene Therapy Bioassay Services Market (Revenue Forecast and Industry Analysis), by Therapeutic Area, 2019-2030 (Value US$ Mn)
- Oncological
- Cardiovascular
- Autoimmune
- Rare / Genetic
- Neurological
- Metabolic
- Blood
- Ophthalmic Disorders
- Infectious
- Other Therapeutic Areas
Global Cell and Gene Therapy Bioassay Services Market (Revenue Forecast and Industry Analysis), by Scale of Operation, 2019-2030 (Value US$ Mn)
- Preclinical
- Clinical
- Discovery
Global Cell and Gene Therapy Bioassay Services Market (Revenue Forecast and Industry Analysis), by Region, 2019-2030 (Value US$ Mn)
- Europe
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
North America Cell and Gene Therapy Bioassay Services Market (Revenue Forecast and Industry Analysis), by Country, 2019-2030 (Value US$ Mn)
- Canada
- U.S.
Europe Cell and Gene Therapy Bioassay Services Market (Revenue Forecast and Industry Analysis), by Country, 2019-2030 (Value US$ Mn)
- Italy
- Germany
- Spain
- France
- Rest of Europe
Asia Pacific Cell and Gene Therapy Bioassay Services Market (Revenue Forecast and Industry Analysis), by Country, 2019-2030 (Value US$ Mn)
- India
- Japan
- South Korea
- China
- Australia & New Zealand
Latin America Cell and Gene Therapy Bioassay Services Market (Revenue Forecast and Industry Analysis), by Country, 2019-2030 (Value US$ Mn)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa Cell and Gene Therapy Bioassay Services Market (Revenue Forecast and Industry Analysis), by Country, 2019-2030 (Value US$ Mn)
- South Africa
- GCC Countries
- Rest of Middle East & Africa
Why should buy this market research report:
- To receive a key insights of the prospects for the global cell and gene therapy bioassay services market
- To receive an market overview and future trends of the cell and gene therapy bioassay services market
- To analyze the cell and gene therapy bioassay services market drivers and challenges
- To get information on the cell and gene therapy bioassay services market size value (US$ Mn) forecast to 2030
- Significant investments, mergers & acquisitions in the cell and gene therapy bioassay services market industry
Get More Information @ https://www.insightaceanalytic.com/report/global-cell-and-gene-therapy-bioassay-services-market/1208
Other Related Reports Published by InsightAce Analytic:
Global Regulatory T-Cell (Tregs) Therapies Market
Global Allogeneic Cell Therapy Manufacturing Market
Global Gene Therapy for Blood Disorders Market
Global Gene Therapy For Retinal Diseases Market
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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SOURCE InsightAce Analytic Pvt. Ltd. | https://www.prnewswire.com/news-releases/the-cell-and-gene-therapy-bioassay-services-market-worth--5-64-billion-by-2030---exclusive-report-by-insightace-analytic-301494870.html | 2022-03-03T13:33:07 | en | 0.87563 |
NPR's A Martinez talks to Democratic Rep. Adam Schiff of California, a member of the committee, about the panel's 221-page court filing, and where the investigation is headed from here.
Copyright 2022 NPR
NPR's A Martinez talks to Democratic Rep. Adam Schiff of California, a member of the committee, about the panel's 221-page court filing, and where the investigation is headed from here.
Copyright 2022 NPR | https://www.publicradiotulsa.org/2022-03-03/jan-6-panels-evidence-suggests-trump-broke-laws-trying-to-overturn-the-election | 2022-03-03T13:33:10 | en | 0.942369 |
LONDON, March 3, 2022 /PRNewswire/ -- The Institute of Brewing & Distilling (IBD) has launched Essentials in Brewing. This is the first self-assessed online IBD course featuring interactive multimedia learning tools.
Essentials in Brewing is a dynamic and flexible way for professionals in the brewing industry in supporting roles like sales or marketing, to learn about the basics of beer and the brewing process. It is also perfect for hospitality professionals and uninitiated beer lovers to learn how beer is made to share with customers or for their own interest.
The course provides an enlightening overview of the brewing process from the history of brewing and raw materials through fermentation and maturation to the basics of packaging. Its interactive and engaging features include videos and animations of the process and interviews with brewers and industry professionals.
The understanding of the learning material is self-assessed in each unit. At the end of the course, learners will receive a Certificate of Completion from the IBD, the most recognised industry learning provider in the world.
Essentials in Brewing costs only £99.
"This course explains the brewing process and uses exciting new features to create an enjoyable learning experience. Our goal is to offer high-quality education to anyone who wants to know more about the basics of brewing", said Tracy Adie, IBD Head of Education and Professional Development
"Essentials in Brewing is one of the great milestones that the IBD has achieved. For the first time, we are offering an on-demand self-assessed course with interactive content to respond to the way new generations are learning ensuring at an affordable price to meet our non-profit mission", said Jerry Avis, IBD Chief Executive Officer.
About the IBD
The Institute of Brewing & Distilling was established in 1886. From inception, its mission has been to provide excellence in technical education for professional brewers and distillers and associated suppliers in their pursuit of perfection.
With Qualifications globally recognised at 4 levels of expertise, the IBD caters for all types of professionals with a passion for brewing and distilling.
Over 100,000 industry professionals have received their technical education with us. The IBD is a global institution with more than 3,000 members across 90 countries. Every year, around 4,000 professionals take our qualifications.
Video - https://mma.prnewswire.com/media/1758436/Essentials_in_Brewing_Course.mp4
Logo - https://mma.prnewswire.com/media/1758404/IBD_Logo.jpg
SOURCE Institute of Brewing & Distilling (IBD) | https://www.prnewswire.com/news-releases/the-institute-of-brewing--distilling-launches-essentials-in-brewing-course-301494424.html | 2022-03-03T13:33:13 | en | 0.945285 |
It's the first city that's fallen since Russian forces invaded a little over a week ago. But they seem to be stalled north of the capital Kyiv, where Ukrainian forces and volunteers are resisting.
Copyright 2022 NPR
It's the first city that's fallen since Russian forces invaded a little over a week ago. But they seem to be stalled north of the capital Kyiv, where Ukrainian forces and volunteers are resisting.
Copyright 2022 NPR | https://www.publicradiotulsa.org/2022-03-03/russian-forces-have-captured-the-southern-ukrainian-port-city-of-kherson | 2022-03-03T13:33:16 | en | 0.966196 |
WINSTON-SALEM, N.C., March 3, 2022 /PRNewswire/ -- The Law Offices of James Scott Farrin filed a class action complaint against the Winston Weaver Company seeking compensatory and punitive damages related to the fire that broke out in the company's fertilizer plant on January 31, 2022. The complaint named Karen Prudencio as the plaintiff, individually and on behalf of all others similarly situated.
Prudencio was forced to leave her residence on the morning of February 1, when the Winston-Salem Fire Chief called for an emergency evacuation of all homes within a 1-mile radius of the burning fertilizer plant. She, like many in the evacuation zone, was exposed to toxic chemicals and incurred evacuation expenses, loss of use and enjoyment of her home, and lost wages. It is estimated that the evacuation forced 6,500 people, including women and children, in 2,500 homes to leave their residences in the middle of the night.
Neighboring businesses, as well as residents, were affected by the fire and evacuation, and many experienced significant inconveniences, such as loss of income, business disruption, and professional cleaning expenses associated with soot removal.
The lawsuit points to previous fires at the fertilizer plant, as well as to Winston Weaver's alleged failure to properly store hazardous materials, correctly repair and maintain its facility, and submit legally-required forms regarding the amount and types of chemicals onsite, as evidence of its negligence and intentional disregard for safety.
Leading the fertilizer fire lawsuit is James Scott Farrin Partner Gary Jackson, who has deep and lengthy experience representing classes, including an on-going class action on behalf of over 220,000 state employees to recover unpaid benefits and a class action lawsuit against DuPont for releasing toxic "forever chemicals" into the Cape Fear River. Jackson said, "People impacted by the terrifying Weaver Fertilizer Plant fire deserve justice. No company can be allowed to displace an entire community."
If you were affected by the Winston Weaver plant fire, the Law Offices of James Scott Farrin encourages you to contact them to see if you can join this class action lawsuit.
ABOUT THE LAW OFFICES OF JAMES SCOTT FARRIN
The Law Offices of James Scott Farrin is one of the largest personal injury firms in North Carolina and has helped over 55,000 injured people since 1997. Operating from 16 offices in NC and one in SC, many of the firm's 60+ accomplished attorneys are recognized professionals in their fields. The firm focuses on providing quality legal services to as many people as possible in the following practice areas: personal injury, car accidents, workers' compensation, nursing home abuse, whistleblowing, defective products, eminent domain, mass torts, class actions, and Social Security Disability.
Offices in Durham (main), Raleigh, Charlotte, Greensboro, NC and Greenville, SC. Attorney J. Gabe Talton: 280 South Mangum St., Suite 400, Durham, NC.
Contact Information:
David Chamberlin
280 S. Mangum Street
Suite 400
Durham, NC 27701
866-900-7078
SOURCE Law Offices of James Scott Farrin
SOURCE Law Offices of James Scott Farrin | https://www.prnewswire.com/news-releases/the-law-offices-of-james-scott-farrin-filed-a-class-action-lawsuit-against-winston-weaver-company-inc-301494201.html | 2022-03-03T13:33:19 | en | 0.957083 |
In a court filing, the select committee says evidence "provides, at minimum, a good-faith basis for concluding" that Trump broke the law with his efforts to obstruct the counting of electoral votes.
Copyright 2022 NPR
In a court filing, the select committee says evidence "provides, at minimum, a good-faith basis for concluding" that Trump broke the law with his efforts to obstruct the counting of electoral votes.
Copyright 2022 NPR | https://www.publicradiotulsa.org/2022-03-03/the-jan-6-panel-says-trump-likely-broke-laws-in-trying-to-overturn-the-election | 2022-03-03T13:33:23 | en | 0.968702 |
NEW DELHI, March 3, 2022 /PRNewswire/ -- The study undertaken by Astute Analytica foresees a growth in revenue of the Global Third-Party Logistics Market from US$ 1,032 Bn in 2021 to US$ 1,656.7 Bn by 2027. The market is registering a growth at a CAGR of 8.2% during the forecast period 2022-2027. Third-party logistics (abbreviated as 3PL, or TPL) in logistics and supply chain management is an organization's use of third-party businesses to outsource elements of its distribution, warehousing, and fulfillment services. Third-party logistics providers typically specialize in integrated operations of warehousing and transportation services that can be scaled and customized to customers' needs, based on market conditions, to meet the demands and delivery service requirements for their products. Services often extend beyond logistics to include value-added services related to the production or procurement of goods, such as services that integrate parts of the supply chain.
Request a Sample Report of Third-Party Logistics Market: https://www.astuteanalytica.com/request-sample/third-party-logistics-market
The growing impetus of the third-part logistics market is attributed to factors such as increase in trade activities due to globalization and rising focus of manufacturers and retailers on core competencies. Rise in globalization has aided in setting up a worldwide network of manufacturing activities. To maintain it efficiently, the demand of 3PL services is expected to rise. 3PL services are becoming extremely vital for price-sensitive customers who require a wider choice of high-quality products with timely delivery. Furthermore, 3PL model provides greater asset utilization and asset sharing alliances, which is increasing its demand, thereby contributing toward the growth of the global market. Moreover, pooled warehousing is an emerging opportunity in the market.
Segmental Analysis
Roadways holds the highest share in the third-party logistics market
In terms of mode of transport, the roadways segment has the highest market share in 2021 and is further estimated to continue its dominance over the forecast period. Several government initiatives are fueling the growth of the road transportation segment. The recent regulations imposed by the Federal Motor Carrier Safety Administration that allow the use of the cameras as a substitute for rearview mirrors are expected to benefit the truck drivers, in terms of safety.
DTM has the highest share in the market in terms of services
Based on services, the global third-party logistics market is categorized into dedicated contract carriage (DCC), domestic transportation management, international transportation management, warehousing & transportation, and others. Among these, Domestic Transport Management holds the highest share in 2021. The increasing trade movement among the unloading docks to a warehouse, escalating carrier rates, a surge in cross-docking services, and rising fuel surcharge are driving the growth of the DTM segment.
Technological segment is the highest user segment in the market for third-party logistics
Technological segment is the highest end user segment of the third-party logistics market in 2021 and also registers the highest CAGR during the forecast period 2022-2027. Mobile technology is revolutionizing 3PL. Many 3PL companies have already begun using mobile devices and apps to improve agility. Due to this technology customers can order, process, and track freight shipments any time.
Asia Pacific dominates the Global Third-Party Logistics Market
Asia Pacific is the highest shareholder in the Global Third-Party Logistics Market in 2021 and is further estimated to continue its dominance over the forecast period. Rapid urbanization and increase in digitization in emerging countries such as India and China are key factors responsible for the growth of third-party logistics in Asia Pacific region. Furthermore, the growing trans-regional trade corridors and gateways are expected to create a huge opportunity for the 3PL providers.
Request Free Sample Copy @ https://www.astuteanalytica.com/request-sample/third-party-logistics-market
Impact of COVID-19
COVID-19 pandemic has affected supply chain operations globally. The crisis placed an unprecedented strain on transportation and logistics resources. The logistics networks have been disrupted due to the supply/demand imbalance and lack of capacity for the long-haul and last-mile fulfillment services. The limited staff and reduced working time have further limited the logistics activities. Road transportation was majorly affected by the health crisis. However, this situation is improving and the market is experiencing a growth in the post-pandemic period.
Competitive Insight
- DHL International GmbH is a Germany-based company, which provides international delivery and logistics services. It offers air freight, overland transport, and sea freight services. In addition, it provides supply chain management services.
- Kuehne+Nagel Inc. is a world-leading logistics company, which along with its subsidiaries, provides integrated logistics services worldwide. It operates through four segments, including sea freight, airfreight, overland, and contract logistics. In addition, it offers import & export documentation, door-to-door, and logistics supply movement arrangement services.
- DB Schenker operates as a division of DB Group. It functions as a freight transportation company. It is involved in transportation of chemicals, mineral oil, paper, metal, and coal. In addition, it provides services such as time & cost-optimized services for general cargo and partial & full load transport along with door-to- door solutions across Europe. Its services offered cover all stages of value-added chain from supplier to producer/trade, to end customers, and spare parts service.
- Nippon Express is one of the leading providers of logistics service providers to various industries such as automotive, food, art, electric & telecommunication, aerospace & aviation, fashion & retail, and railway. It provides services related to transportation, and specialized transport. Transportation services includes cross-border freight, ocean freight, air freight, and railway freight.
- FedEx Corporation is a U.S.-based company, which provides transportation, e-commerce, and business services worldwide. It operates through four segments, which includes express, freight, ground, and service. In addition, it provides services, including sales, communications, marketing, information technology, and technical support services. Furthermore, it offers FedEx mobile, a suite of solutions to create shipping labels, track packages, view account-specific rate quotes, and access drop-off location information.
Segmentation Overview
The following are the different segments of the Global Third Part Logistics Market:
- By Mode of Transport segment of the Global Third party Logistics Market is sub-segmented into:
- Railway
- Roadways
- Waterways
- Airways
- By Service segment of the Global Third party Logistics Market is sub-segmented into:
- Dedicated Contract Carriage (DCC)
- Domestic Transportation Management
- International Transportation Management
- Warehousing & Distribution
- Others
- By End User segment of the Global Third party Logistics Market is sub-segmented into:
- Technological
- Automotive
- Retailing
- Elements
- Food & Groceries
- Healthcare
- Others
- By Region segment of the Global Third party Logistics Market is sub-segmented into:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
Directly Purchase a copy of report with TOC @ https://www.astuteanalytica.com/request-sample/third-party-logistics-market
For Additional Information OR Media Enquiry, Please Mail Us At: [email protected]
About Astute Analytica
Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.
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SOURCE Astute Analytica | https://www.prnewswire.com/news-releases/third-party-logistics-market-is-projected-to-reach-us-1-656-7-bn-by-2027--cagr-8-2-astute-analytica-301494927.html | 2022-03-03T13:33:25 | en | 0.932646 |
A new monthly survey suggests that worries about Russia's invasion of Ukraine, soaring inflation and rising interest rates combined to undermine the confidence of business leaders in nine Midwest and Plains states.
Creighton University economist Ernie Goss said businesses also fear the war may worsen the ongoing supply chain problems and push commodity prices higher. The report’s confidence index fell to its lowest point ever in February when it hit 19.5, falling from January’s already low 36.2.
Any score below 50 suggests a negative outlook. The monthly survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota. | https://www.publicradiotulsa.org/local-regional/2022-03-03/europe-conflict-causes-oklahoma-economic-concerns | 2022-03-03T13:33:29 | en | 0.901907 |
NEW YORK, March 3, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Talis Biomedical Corporation ("Talis" or the "Company") (NASDAQ: TLIS) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Talis investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Talis common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's February 2021 initial public offering. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/talis-biomedical-corporation-loss-submission-form?prid=24199&wire=4
TLIS investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: According to the lawsuit, documents that the Company issued in connection with its IPO failed to disclose to investors: (1) that the comparator assay in the primary study lacked sufficient sensitivity to support Talis's Emergency Use Authorization application for Talis One COVID-19 test; (2) that, as a result, Talis was reasonably likely to experience delays in obtaining regulatory approval for the Talis One COVID-19 test; (3) that, as a result, the Company's commercialization timeline would be significantly delayed; and (4) that, as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Talis during the relevant time frame, you have until March 8, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/tlis-lawsuit-alert-levi--korsinsky-notifies-talis-biomedical-corporation-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301494460.html | 2022-03-03T13:33:32 | en | 0.938817 |
NEW YORK, March 3, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Telos Corporation ("Telos" or the "Company") (NASDAQ: TLS) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Telos investors who were adversely affected by alleged securities fraud between November 19, 2020 and November 12, 2021. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/telos-corporation-loss-submission-form?prid=24211&wire=4
TLS investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Transportation Security Administration ("TSA") and Centers for Medicare and Medicaid Services ("CMS") contracts, which constituted a majority of the Company's future revenues, were not on track to commence as represented at the end of 2021 and in 2022; (2) Defendants lacked a reasonable basis and sufficient visibility to provide and affirm the Company's 2021 guidance in the face of the uncertainty surrounding the TSA and CMS contracts; (3) COVID-19- and hacking scandal-related headwinds were throwing off the timing for performance of the TSA and CMS contracts and their associated revenues; (4) as a result, the guidance provided by Defendants was not in fact "conservative"; (5) as a result of the delays, Telos would be forced to dramatically reduce its revenue estimates; and (6) as a result of the foregoing, Defendants' statements about Telos' business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Telos during the relevant time frame, you have until April 8, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/tls-lawsuit-alert-levi--korsinsky-notifies-telos-corporation-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301494389.html | 2022-03-03T13:33:38 | en | 0.940265 |
SUNNYVALE, Calif., and SURSEE, Switzerland, March 3, 2022 /PRNewswire/ -- Building on a commitment to cultivate a highly-trained workforce that will drive the innovative solutions of tomorrow, Trimble (NASDAQ: TRMB) and CAMPUS SURSEE have collaborated to establish a state-of-the-art Technology Lab at CAMPUS SURSEE's Training Center for Construction in Sursee, Switzerland.
The Trimble Technology Lab builds upon the center's leadership and excellence in training and research in engineering, construction and the sustainable built environment. The lab brings a range of professionals, including construction machine operators, foremen, construction managers, and general managers, direct access to state-of-the-art technologies for the entire construction process. Switzerland's dual education system combines academics with direct, practice-oriented vocational training, making it possible for the skills acquired in the lab to be put into practice on the construction site. The technology lab also offers a broad range of continuing education courses for experienced professionals who wish to acquire additional skills. Professionals trained at CAMPUS SURSEE are empowered to take on key roles in their companies and to implement digital technologies on a broad basis. The Trimble Technology Lab was made possible with the support from the MEB Group, Trimble's Swiss dealers SITECH® Switzerland AG, BuildingPoint™ Switzerland AG and ALLNAV AG.
"This new Trimble Technology Lab, in collaboration with the MEB Group, is unique in its purpose, focused on supporting current industry professionals in critical upskilling in Switzerland," said Allyson McDuffie, director of Education and Outreach at Trimble. "Through relationships like this, Trimble's education and outreach programs aim to support not only the next generation of construction professionals, but also working professionals. The CAMPUS SURSEE lab is a place for construction industry professionals to further their education and get vital experience with emerging technologies and best practices. Higher learning institutions such as CAMPUS SURSEE are leading the way in this arena and are a model for others to look to."
"We are convinced that digital skills will become increasingly important in the construction industry. With the support of our new Trimble Technology Lab, we are able to equip professionals at all levels and career stages with digital skills and thus prepare them for their professional challenges," said Thomas Stocker, managing director at CAMPUS SURSEE. "We are enthusiastic about the streamlined collaboration with Trimble and the MEB Group in Switzerland. The lab is already preceded by a long-standing cooperation between the MEB Group and CAMPUS SURSEE. With the new lab, CAMPUS SURSEE will also become a popular training partner and will play an important pioneering role in the collaboration of different construction trades and joint planning on the digital model."
"With the Trimble Technology Lab, CAMPUS SURSEE can provide construction professionals with the necessary digital construction tools for today and the future," said MEB Group CEO, Markus Brun. "The MEB Group, with experts from SITECH, BuildingPoint and ALLNAV, will provide support for hands-on instruction at the technology lab. Trimble, the MEB Group and CAMPUS SURSEE are making an important contribution to the successful digitalization of the Swiss construction industry."
The lab will include a broad range of Trimble's industry-leading technologies such as the Trimble® XR10 with HoloLens 2; GNSS receivers, controllers and tablets; robotic, universal and scanning total stations; laser scanners; Trimble Earthworks Grade Control Platform for Excavators and Compactors as well as Trimble Roadworks Paving Control Platform for Compactors. Advanced software solutions include RealWorks® scanning software, Trimble FieldLink Office, Trimble Business Center, Tekla® Structures, Tekla Model Sharing, Tekla Structural Design Suite, Trimble Connect® and Trimble Quadri collaboration platforms, Trimble Siteworks, Trimble Tilos, Trimble WorksOS, and the company's popular 3D modeling software, SketchUp Pro.
Trimble's broad Connected Construction portfolio enables all professionals along the project lifecycle to accelerate project processes—improving productivity, quality, transparency, safety and sustainability, while reducing waste.
About CAMPUS SURSEE
Since 1972, CAMPUS SURSEE has been offering training in construction trades, as well as job-oriented continuing education and higher vocational training. With 15,000 participants annually in over 1,000 different training and further education courses, CAMPUS SURSEE is a leading vocational training institution in Switzerland. It has achieved high ratings among training institutions by preparing professional participants to excel in successfully completing federal examinations. Crane and construction machine operators also benefit from high-quality training and continuing education. Nearly 500 training coaches, specially trained for the CAMPUS SURSEE courses, provide practice-oriented training that is of direct benefit to the companies.
The impressive infrastructure with 66 training rooms, halls and construction machinery grounds, sports facilities and a hotel with 866 beds, as well as 4 restaurants offer the ideal environment for sustainable and modern training. For more information, visit: www.campus-sursee.ch/bauausbildung/aus-und-weiterbildung.
About the MEB Group
With its companies ALLNAV AG, BuildingPoint Switzerland AG, SITECH Switzerland AG and terra vermessungen ag, the MEB Group's more than 140 industry experts provide products, solutions, services and support to surveyors, authorities, planners, engineers and construction companies as well as other companies and institutions in the Swiss and southern German construction and real estate industries. The competencies of the MEB Group range from construction and engineering surveying, geomonitoring, machine control, Building Information Modeling (BIM) to the digitization of processes and data. For more information, visit: www.mebgroup.ch.
About Trimble
Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation. For more information about Trimble (NASDAQ:TRMB), visit: www.trimble.com.
GTRMB
SOURCE Trimble | https://www.prnewswire.com/news-releases/trimble-and-campus-sursee-establish-trimble-technology-lab-301494805.html | 2022-03-03T13:33:44 | en | 0.929487 |
Vaccinated and Unvaccinated Weigh in on Government Mandates and Restaurant Dining Trends in New Popmenu Study
-Significant percentages of vaccinated and unvaccinated consumers remain concerned about dining in person
-Nearly 1 in 4 unvaccinated consumers believe the government should impose vaccination mandates for restaurant guests dining on-premise
-3 in 4 consumers expect more digitally-enabled experiences online and in restaurant dining areas going forward
ATLANTA, March 3, 2022 /PRNewswire/ -- After enduring a "will this ever end?" hiatus from on-premise dining, restaurants are beginning to fill tables and waitlists again…but consumers remain cautious and expect safety-conscious, digitally-enabled dining experiences to continue into the foreseeable future.
According to Popmenu's nationwide survey of 1,000 U.S. consumers in January 2022, 78% of those vaccinated for COVID are still concerned about dining in person at restaurants; 50% of those unvaccinated for COVID share the same sentiment. The study, which also looked at consumer dining trends in Q4 2021, uncovered an evolved normal for dining preferences and behaviors on-premise and online.
Sample of Key Findings
- A number of vaccinated and unvaccinated support vaccination mandates: Addressing a polarizing issue, the majority of vaccinated consumers (65%) feel the government should mandate that people must show proof of vaccination to eat in restaurant dining rooms. Nearly 1 in 4 unvaccinated consumers (23%) agree.
- Contactless dining is here to stay…with even less contact: 82% of consumers want contactless dining options on-premise going forward because they feel it is safer and enables them to order and pay their bill faster. While half prefer a combination of digital and server support, 1 in 4 (26%) prefer a completely digital experience with no server.
- Takeout continues to take a sizeable cut of consumer dollars: 42% of consumers order carryout/delivery three or more days a week; 63% order it at least twice a week.1
- Sidenote - orders aren't always claimed: 47% of consumers said they have ordered carryout, but never picked it up — leaving restaurants with orphaned orders. Of these consumers, 63% had paid for the meal while 37% did not.
- Alcohol-to-go is quickly gaining popularity: 56% of consumers ages 21 and older said they are likely to order cocktails-to-go this year; nearly one-third (32%) said they are very likely to do so.
- Consumers are willing to pay more to provide a livable wage for restaurant staff: When asked whether they would be open to restaurants including higher service fees (20% or higher) to help provide a livable wage to staff, 2 in 5 consumers (43%) said they would support it. Others preferred a tipping option instead.
- More consumers frequent neighborhood mom-and-pop restaurants: When asked where they dine at or order from most often, 34% of consumers pointed to local, independent restaurants compared to 20% who prefer national chains; 46% are equally split between the two.
"Despite lingering concerns, consumers can't help but miss their favorite eateries and many are dining in person again or plan to in the near future — but with different expectations," said Brendan Sweeney, CEO and co-founder of Popmenu. "Consumers became accustomed to new ways of doing things during COVID and 75 percent of them expect restaurants to offer more digitally-enabled experiences both online and on-premise going forward. This doesn't mean that hospitality has to be compromised at all, and the continued deep shortage of available hospitality workers in many ways necessitates the involvement of more technology to make staff more efficient. As the restaurant industry works toward sustained recovery, a greater emphasis on digital connections and convenience will help to enhance guest experiences which will always be grounded in excellent food and service."
1 Source for this stat: Popmenu's nationwide study of 1,000 consumers in Q4 2021.
Methodology
Popmenu conducted a nationwide survey of 1,000 U.S. consumers from January 20 to January 21, 2022. The survey was anonymous and included representative samples of consumers ages 18 and older across geographies.
About Popmenu
Popmenu specializes in transformative online and on-premise technologies that help restaurants increase brand visibility, guest engagement, revenue and profitability. The company is a leading innovator in digital marketing and ordering technology that works with over 7,000 independent restaurants and hospitality groups. For more information about Popmenu, visit get.popmenu.com.
Media Contact:
Jennifer Grasz
Head of Communications, Popmenu
[email protected]
SOURCE Popmenu | https://www.prnewswire.com/news-releases/vaccinated-and-unvaccinated-weigh-in-on-government-mandates-and-restaurant-dining-trends-in-new-popmenu-study-301494660.html | 2022-03-03T13:33:50 | en | 0.951749 |
TAMPA, Fla, March 3, 2022 /PRNewswire/ -- Wanderlust an up-and-coming development company focused on changing the travel industry in remarkable ways. They are currently developing platforms that will seamlessly merge the travel industry with blockchain technology. Finding a solution for decentralizing the travel industry isn't the only goal they have up their sleeve either. They have developed incredible platforms that will allow users to capture their travel experiences as well and even have a chance to win a free vacation!! All this upcoming next month as they plan for their launch and presale taking place March 1st.
With plans to change the travel industry by merging blockchain technology, it has never looked more promising for all the Wanderlust holders. This isn't the first time we've seen wanderlust make waves within the space with their arrival at Blockchain week Rome where they confirmed the first property under their belt at the event.
This time round the team has grown and so has the product. Wanderlust has been making huge upscales within the team growing to be a notable force but what really has people excited is the growth they've taken as a platform, starting with their unique NFT Generator. The NFT Generator isn't new news to all the long-term holders but even those are said to be impressed with just how far it has come. Starting with the partnership with Adam6 which is one of the most profound and know app development companies out there to date working with key players such as Ford, Mercedes, Google and IBM. The undeniable tech giants have worked alongside the best which is exciting for all the travel mad holders who can't wait for the NFT Generator to release.
The Generator is fully equipped with multiple functionalities and in true Wanderlust style will be the first of its kind opening the door for a new wave of NFT generators withing the space. Just some of the features that have been released are:
- Geotag (Tag your location with every NFT minted)
- Unique QR code generator
- Personalised frames
- Personalised Filters
- Multiple minting service
- Lottery contract embedded into minting platform
Another key fact that has gotten everyone who's seen the projects NFT generator excited is the unique Lottery entry method that has been embedded into the generator. Each NFT that the user has minted will gain a free entry to a Lottery with a BEP10 token, the winner of the Lottery will be flown of the holiday of their dreams all costs covered by the Wanderlust team, yet another classic Wanderlust twist that shows just how far they are willing to take this project to become the world's best blockchain travel companion app.
The future is defiantly bright for Wanderlust as a team and a project with no signs of slowing down anytime soon. From partnering with their first homes for the travel companion app to NFT generators the train isn't slowing down and what's even more impressive is the team has confirmed that the documents have been filed for Wanderlust to become the blockchains first legal estate agent. Yes, you heard that right. The blockchains first legal estate agent this allows them to take accept Fiat currency through the app whilst incentivizing users to convert to decentralized methods. the This is just the beginning, and the next few months will be exciting for everyone involved.
The blockchain has yet to see a travel app take storm how Wanderlust has been with their project and its only just getting started.
Private sale is now life so get your whitelist spot now! Presale goes live on MARCH 14TH
To stay updated with all the exciting events and updates of Wanderlust, make sure to:
Visit Website: https://wanderlust.finance
Join Telegram: https://t.me/Wanderlust_Token
Follow Twitter: @Wander_Token
View YouTube: https://www.youtube.com/channel/UC1NUaoCLqhrFcXoaxGktjGg
SOURCE Wanderlust | https://www.prnewswire.com/news-releases/wanderlust-presale-has-arrived-301494955.html | 2022-03-03T13:33:56 | en | 0.960433 |
Weibo Reports Fourth Quarter and Fiscal Year 2021 Unaudited Financial Results
BEIJING, March 3, 2022 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.
"We closed 2021 on a solid note with decent growth of the fourth quarter, with strong execution of our growth strategies," said Gaofei Wang, CEO of Weibo. "In 2021, we have achieved solid growth of user community and engagement, leveraging Weibo's unique advantage and competitiveness in the social media sector. On monetization, we surpassed the $2 billion mark in revenues for 2021 and further enhanced our operation efficiency, demonstrating strong recovery momentum and resilience of our business. Heading into 2022, we are dedicated to serving a broader community through enhancement of product functionalities and enrichment of content ecosystem, and driving value for customers to market efficiently and innovatively on our platform."
Fourth Quarter 2021 Highlights
- Net revenues were $616.3 million, an increase of 20% year-over-year or an increase of 16% year-over-year on a constant currency basis[1].
- Advertising and marketing revenues were $550.8 million, an increase of 21% year-over-year.
- Value-added service ("VAS") revenues were $65.5 million, an increase of 9% year-over-year.
- Income from operations was $182.5 million, representing an operating margin of 30%.
- Net income attributable to Weibo was $115.7 million and diluted net income per share was $0.50.
- Non-GAAP income from operations was $219.8 million, representing a non-GAAP operating margin of 36%.
- Non-GAAP net income attributable to Weibo was $195.5 million and non-GAAP diluted net income per share was $0.83.
- Monthly active users ("MAUs") were 573 million in December 2021, a net addition of approximately 52 million users on year-over-year basis. Mobile MAUs represented 95% of MAUs.
- Average daily active users ("DAUs") were 249 million in December 2021, a net addition of approximately 25 million users on year-over-year basis.
Fiscal Year 2021 Highlights
- Net revenues were $2.26 billion, an increase of 34% year-over-year or an increase of 25% year-over-year on a constant currency basis[2].
- Advertising and marketing revenues were $1.98 billion, an increase of 33% year-over-year.
- VAS revenues were $276.3 million, an increase of 36% year-over-year.
- Income from operations was $697.4 million, representing an operating margin of 31%.
- Net income attributable to Weibo was $428.3 million and diluted net income per share was $1.86.
- Non-GAAP income from operations was $829.2 million, representing a non-GAAP operating margin of 37%.
- Non-GAAP net income attributable to Weibo was $718.5 million and non-GAAP diluted net income per share was $3.08.
Fourth Quarter 2021 Financial Results
For the fourth quarter of 2021, Weibo's total net revenues were $616.3 million, an increase of 20% compared to $513.4 million for the same period last year.
Advertising and marketing revenues for the fourth quarter of 2021 were $550.8 million, an increase of 21% compared to $453.5 million for the same period last year. Advertising and marketing revenues excluding ad revenues from Alibaba were $505.3 million, an increase of 28% compared to $393.9 million for the same period last year, primarily driven by solid growth of advertising spending from customers in most key industries.
VAS revenues for the fourth quarter of 2021 were $65.5 million, an increase of 9% year-over-year compared to $59.9 million for the same period last year.
Costs and expenses for the fourth quarter of 2021 totaled $433.8 million, an increase of 31% compared to $331.8 million for the same period last year. The increase was primarily due to higher personnel-related costs and incremental ad costs associated with seasonal ad campaigns execution.
Income from operations for the fourth quarter of 2021 was $182.5 million, compared to $181.6 million for the same period last year. Non-GAAP income from operations was $219.8 million, compared to $204.1 million for the same period last year.
Non-operating loss for the fourth quarter of 2021 was $36.8 million, compared to a loss of $175.8 million for the same period last year. Non-operating loss for the fourth quarter of 2021 mainly included (i) a $39.7 million net loss from fair value change of investments, which is excluded under non-GAAP measures; (ii) a $4.2 million investment related impairment, which is excluded under non-GAAP measures; and (iii) a $5.2 million net interest and other income.
Income tax expense were $45.6 million, compared to income tax benefits of $25.3 million for the same period last year. The increase of income tax expenses was primarily resulted from tax benefits booked in the fourth quarter of 2020 due to preferential tax treatment enjoyed by a PRC subsidiary of the Company as a Key Software Enterprise ("KSE"), which lapsed in 2021, and super deduction true-up for eligible R&D expenses in the fourth quarter of 2020.
Net income attributable to Weibo for the fourth quarter of 2021 was $115.7 million, compared to $29.0 million for the same period last year. Diluted net income per share attributable to Weibo for the fourth quarter of 2021 was $0.50, compared to $0.13 for the same period last year. Non-GAAP net income attributable to Weibo for the fourth quarter of 2021 was $195.5 million, compared to $212.7 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo for the fourth quarter of 2021 was $0.83, compared to $0.92 for the same period last year.
As of December 31, 2021, Weibo's cash, cash equivalents and short-term investments totaled $3.13 billion. For the fourth quarter of 2021, cash provided by operating activities was $249.7 million, capital expenditures totaled $11.3 million, and depreciation and amortization expenses amounted to $14.8 million.
Fiscal Year 2021 Financial Results
For fiscal year 2021, Weibo's total net revenues were $2.26 billion, an increase of 34% compared to $1.69 billion in 2020.
Advertising and marketing revenues for 2021 were $1.98 billion, an increase of 33% compared to $1.49 billion in 2020. Advertising and marketing revenues excluding ad revenues from Alibaba were $1.84 billion, an increase of 38% compared to $1.33 billion for 2020. The strong momentum of our ad business in 2021 was mainly attributable to (i) relatively resilient ad demand from our customers in the key industries amid macro and regulatory headwinds; (ii) stronger sales capability and execution of our team to drive value for our clients; and (iii) solid recovery of our advertising business post the Covid-19 pandemic outbreak in 2020.
VAS revenues for 2021 were $276.3 million, an increase of 36% compared to $203.8 million for 2020. The increase was primarily resulted from incremental revenue contribution from the interactive entertainment company acquired and consolidated to the Company in November 2020 and other online gaming revenues, and was partially offset by the decrease of revenues from live streaming business.
Costs and expenses for 2021 totaled $1.56 billion, compared to $1.18 billion for 2020. The increase was primarily due to higher personnel-related cost and increased marketing spend.
Income from operations for 2021 was $697.4 million, compared to $506.8 million for 2020. Operating margin for 2021 was 31%, compared to 30% last year. Non-GAAP income from operations was $829.2 million, compared to $579.6 million for 2020. Non-GAAP operating margin was 37%, compared to 34% last year.
Non-operating loss for 2021 was $146.7 million, compared to a loss of $130.9 million for 2020. Non-operating loss in 2021 mainly included (i) a $106.8 million investment related impairment, including a $75.3 million impairment on the investment in Yixia Tech Co., Ltd, which is excluded under non-GAAP measures; (ii) a $72.8 million net loss from fair value change of investments, which is excluded under non-GAAP measures; and (iii) a $29.7 million net interest and other income.
Income tax expenses for 2021 were $138.8 million, compared to $61.3 million for 2020. The increase was mainly resulted from (i) higher profits in 2021 versus 2020; (ii) tax benefits booked in 2020 due to preferential tax treatment enjoyed by a PRC subsidiary of the Company as a KSE, which lapsed in 2021; and (iii) tax liability recognized in 2021 related to uncertain tax positions.
Net income attributable to Weibo for 2021 was $428.3 million, compared to $313.4 million for 2020. Diluted net income per share attributable to Weibo for 2021 was $1.86, compared to $1.38 for 2020. Non-GAAP net income attributable to Weibo for 2021 was $718.5 million, compared to $547.5 million for 2020. Non-GAAP diluted net income per share attributable to Weibo for 2021 was $3.08, compared to $2.38 for 2020.
For fiscal year 2021, cash provided by operating activities was $814.0 million, capital expenditures totaled $35.1 million, and depreciation and amortization expenses amounted to $55.0 million.
Secondary Listing in Hong Kong
On December 8, 2021, Weibo successfully listed on the Main Board of the Hong Kong Stock Exchange under the stock code "9898" through a global offering of 11,000,000 Class A ordinary shares. The gross proceeds totaled HK$1,500.4 million, before deducting underwriting fees and other offering expenses.
Conference Call
Weibo's management team will host a conference call from 6:00 AM to 7:00 AM Eastern Time on March 3, 2022 (or 7:00 PM – 8:00 PM Beijing Time on March 3, 2022) to present an overview of the Company's financial performance and business operations.
Please register in advance of the conference call using the link provided below. Upon registering, you will be provided with dial-in numbers, passcode and unique registrant ID by email. To join the conference, please use the conference access information provided in the email received at the point of registering.
PRE-REGISTER LINK: http://apac.directeventreg.com/registration/event/4087626
Additionally, a live webcast of the call will be available through the Company's corporate website at http://ir.weibo.com.
A telephone replay will be available from 22:00 PM China Standard Time on March 3, 2022 to 20:59 PM China Standard Time on March 11, 2022. To access the recording, please use the following dial-in information listed below:
Non-GAAP Financial Measures
This release contains the following non-GAAP financial measures: non-GAAP income from operations, non-GAAP net income attributable to Weibo's shareholders, non-GAAP diluted net income per share attributable to Weibo's shareholders and adjusted EBITDA. These non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company's financial performance prepared in accordance with U.S. GAAP.
The Company's non-GAAP financial measures exclude stock-based compensation, amortization of intangible assets resulting from business acquisitions, non-cash compensation cost to non-controlling interest shareholders, net results of impairment on, gain/loss on sale of and fair value change of investments, non-GAAP to GAAP reconciling items on the share of equity method investments, non-GAAP to GAAP reconciling items for the income/loss attributable to non-controlling interests, income tax expense related to the amortization of intangible assets resulting from business acquisitions and fair value change of investments (other non-GAAP to GAAP reconciling items have no tax effect), and amortization of convertible debt and senior notes issuance cost. Adjusted EBITDA excludes interest income, net, income tax expenses (benefit), and depreciation expenses.
The Company's management uses these non-GAAP financial measures in their financial and operating decision-making, because management believes these measures reflect the Company's ongoing operating performance in a manner that allows more meaningful period-to-period comparisons. The Company believes that these non-GAAP financial measures provide useful information to investors and others in the following ways: (i) in comparing the Company's current financial results with the Company's past financial results in a consistent manner, and (ii) in understanding and evaluating the Company's current operating performance and future prospects in the same manner as management does, if they so choose. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gains (losses) and other items (i) that are not expected to result in future cash payments or (ii) that are non-recurring in nature or may not be indicative of the Company's core operating results and business outlook.
Use of non-GAAP financial measures has limitations. The Company's non-GAAP financial measures do not include all income and expense items that affect the Company's operations. They may not be comparable to non-GAAP financial measures used by other companies. Accordingly, care should be exercised in understanding how the Company defines its non-GAAP financial measures. Reconciliations of the Company's non-GAAP financial measures to the nearest comparable GAAP measures are set forth in the section below titled "Unaudited Reconciliation of Non-GAAP to GAAP Results."
About Weibo
Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.
Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. The Company generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Designed with a "mobile first" philosophy, Weibo displays content in a simple information feed format and offers native advertisement that conform to the information feed on our platform. To support the mobile format, we have developed and continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness.
Safe Harbor Statement
This press release contains forward-looking statements that relate to, among other things, Weibo's expected financial performance and strategic and operational plans (as described, without limitation, in the "Business Outlook" section and in quotations from management in this press release. Weibo may also make forward-looking statements in the Company's periodic reports to the U.S. Securities and Exchange Commission ("SEC"), in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology, such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "confidence," "estimates" and similar statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, Weibo's limited operating history in certain new businesses; failure to grow active user base and the level of user engagement; the uncertain regulatory landscape in China; fluctuations in the Company's quarterly operating results; the Company's reliance on advertising and marketing sales for a majority of its revenues; failure to successfully develop, introduce, drive adoption of or monetize new features and products; failure to compete effectively for advertising and marketing spending; failure to successfully integrate acquired businesses; risks associated with the Company's investments, including equity pick-up and impairment; failure to compete successfully against new entrants and established industry competitors; changes in the macro-economic environment, including the depreciation of the Renminbi; and adverse changes in economic and political policies of the PRC government and its impact on the Chinese economy. Further information regarding these and other risks is included in Weibo's annual report on Form 20-Fs and other filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is current as of the date hereof, and Weibo assumes no obligation to update such information, except as required under applicable law.
SOURCE Weibo Corporation | https://www.prnewswire.com/news-releases/weibo-reports-fourth-quarter-and-fiscal-year-2021-unaudited-financial-results-301494863.html | 2022-03-03T13:34:02 | en | 0.957133 |
Yanelis Manuel Vásquez's new book "Introspección 7000: '12 leyes y principios universales para conocernos más'" is an insightful read on living in harmony with nature and the universe
Recent release "Introspección 7000: '12 leyes y principios universales para conocernos más'" from Page Publishing author Yanelis Manuel Vásquez is a highly motivating work that presents ways on how to obtain inner peace, wisdom, and happiness.
MIAMI LAKES, Fla., March 3, 2022 /PRNewswire-HISPANIC PR WIRE/ -- Yanelis Manuel Vásquez, a yoga teacher with a vast knowledge and experience in the path of meditation, vegetarianism, naturism, and yoga; has completed his new book "Introspección 7000: '12 leyes y principios universales para conocernos más'": an inspiring piece that expounds on the law of karma and its benefits to a person's physical, mental, and spiritual state. It's a transformative read that will guide readers to reach the optimal state of happiness and highest wisdom.
Vásquez shares, "The law of Karma (cause and effect). Studying, knowing and understanding this law well, also known as 'action and reaction' allows us not to have anger and rebellion against life because it makes us understand that all the good and bad things that have happened to us have been caused and attracted by ourselves, by our actions, words and thoughts. Knowing the law well allows us to use it in our favor, to grow and elevate ourselves in all directions of life such as health, prosperity, love, wisdom and spirituality; and those who do not know it misuse it and commit acts with counterproductive, harmful consequences, since 'consequences follow the act, just as the shadow follows the body.' The fact that you do not know the law does not free you from the consequences of acting badly. Study and practice the law of karma and other universal laws to live in harmony with yourself and the universe; and in addition to introspection, meditation, choose noble, compassionate and kind acts."
Published by Page Publishing, Yanelis Manuel Vásquez's meaningful volume is essential for those who want to develop all their senses and establish a strong connection with nature and the universe.
This lovely work intends to help everyone know and love themselves better.
Readers who wish to experience this informative work can purchase "Introspección 7000: '12 leyes y principios universales para conocernos más'" at bookstores everywhere, or online at the Apple iTunes Store, Amazon, Google Play, or Barnes and Noble.
For additional information or media inquiries, contact Page Publishing at 866-315-2708.
About Page Publishing:
Page Publishing is a traditional, full-service publishing house that handles all the intricacies involved in publishing its authors' books, including distribution in the world's largest retail outlets and royalty generation. Page Publishing knows that authors need to be free to create, not mired in logistics like eBook conversion, establishing wholesale accounts, insurance, shipping, taxes, and so on. Page's accomplished writers and publishing professionals allow authors to leave behind these complex and time-consuming issues and focus on their passion: writing and creating. Learn more at www.pagepublishing.com.
Photo - https://mma.prnewswire.com/media/1757593/Introspeccion_7000_Page_Publishing.jpg
SOURCE Page Publishing | https://www.prnewswire.com/news-releases/yanelis-manuel-vasquez-s-new-book-introspeccion-7000-12-leyes-y-principios-universales-para-conocernos-mas-is-an-insightful-read-on-living-in-harmony-with-nature-and-the-universe-852970879.html | 2022-03-03T13:34:08 | en | 0.875818 |
NEW YORK (AP) — Best Buy reported a shortfall in sales for the holiday quarter as the nation's largest electronics chain struggled with limited supplies of holiday products and was forced to reduce store hours because of a shortage of workers due to omicron.
The chain, based in Minneapolis, also announced on Thursday profits in line with Wall Street expectations.
Shares rose nearly 5% in premarket trading based on an upbeat long-term outlook.
Like many retailers, Best Buy struggled with rising costs for everything from labor to shipping as supply chain backups hit companies worldwide during the holidays. The electronics chain also had to navigate global chip shortages. This past holiday quarter also offered an extra challenge: a contagious new variant, omicron, that forced many workers to take sick leave and pushed some companies to cut hours. However, several other major retailers like Walmart and Target were able to push through the supply chain challenges and report strong sales.
In a statement, Best Buy CEO Corie Barry acknowledged that constrained inventory of hot holiday items hurt sales, but she also said that the company reached its fastest holiday delivery times ever, shipping products to customers' homes more than 25% faster than last year and two years ago.
The company said that earnings fell to $626 million, or $2.73 per share, for the three-month period ended Jan. 29. That's compared with $816 million, or $3.48 per share, in the year-earlier period.
Revenue was $16.36 billion, down from $16.94 billion.
Sales at domestic stores opened at least a year were down 2.1% compared to growth of 12.4% in the prior-year quarter.
The company expects earnings per share for the current fiscal year to range from $8.85 to $9.15. It projects revenue in the range of $49.3 billion to $50.8 billion.
Analysts expected $9.29 per share on revenue of $50.88 billion, according to FactSet.
But the company said that it expects sales in the range of $53.5 billion to $56.5 billion for the fiscal 2025 year. Analysts expect $53.5 billion, according to FactSet.
Barie said that the company is focusing on investing in the future to deliver growth long term and noted she expects fiscal 2025 to deliver revenue growth and operating income rate expansion well beyond the past year. | https://www.journal-news.com/nation-world/best-buy-reports-q4-sales-miss-hurt-by-supply-chain-clogs/UYWFWNNTURDHVDZRNFH3Z4VTEY/ | 2022-03-03T13:34:33 | en | 0.968593 |
It appears, Konami, writer of Silent Hill, let the area title at the saga’s web site expire and anyone purchased it simply to make amusing of the corporate.
SilentHill.com now displays a unmarried actual tweet from Silent Hill 2 and three artwork director Masahiro Ito, who says he regrets designing the saga’s iconic villain, Pyramid Head.
The trade was once noticed through PC Gamer, which additionally famous that Konami didn’t renew the area of Silent Hill in 2019, however was once ready to buy it once more in that example. Even supposing Ito does not say why he regrets developing Pyramid Head, PC Gamer additionally recognizes that the developer in the past tweeted that for Konami “use [Pyramid Head] in such a lot of titles makes [Pyramid Head] be much less efficient” sooner than deleting the put up.
I want I hadn’t designed fxxkin Pyramid Head.
— Masahiro Ito (@ adsk4) February 20, 2022
Konami lately has a web page devoted to the Silent Hill saga by itself web site, so the corporate would possibly not see a wish to personal SilentHill.com. As a number of customers on Reddit indicate, final yr the website online was once it sounds as if used to reply to memes surrounding Girl Dimitrescu from Resident Evil Village.
Silent Hill has been dormant since 2012, with an eight-game saga starting with the unique in 1999 and finishing with Silent Hill: Downpour in 2012. The franchise resurfaced once more in 2014 when Konami launched PT, a playable teaser for a brand new sport referred to as Silent Hills, to be directed through Hideo Kojima and Guillermo del Torohowever the mission was once controversially canceled and got rid of from the PlayStation retailer a couple of months later.
Rumors surfaced final yr that Konami was once operating on new Silent Hill initiatives, however we have not heard from them since. Silent Hill writer Keiichiro Toyama mentioned final week that he wish to create a mental horror sport harking back to the unique. | https://thenewstrace.com/anyone-has-purchased-silenthill-com-with-the-only-real-aim-it-sort-of-feels-of-trolling-konami-with-their-handiest-revealed-content-material/222935/ | 2022-03-03T13:35:05 | en | 0.948345 |
Kart driving games are not in short supply on Nintendo Switch (and with very good exponents), but it never hurts to have more options to choose from. Chocobo GP arrives to propose another alternative, but is it up to the rest? I tell you in our analysis.
I have a special predilection for driving arcades. They are fast games that do not require much dedication and offer instant fun. I think I’m not the only one, since Mario Kart 8 Deluxe is the best-selling video game on Nintendo Switch, and there is a fairly competent catalog in this regard, with exponents of the likes of Fast RMX, Team Sonic Racing or Crash Team Racing. Chocobo GP arrives to expand the available catalog and suppose Another alternative. On this occasion, she does it by pulling a very powerful claim: the fantastic Final Fantasy universe. It is not the first time that Square Enix has tried a maneuver like this. He already did it in 1999 with a title for PlayStation, which was called Chocobo Racing. On that occasion, a fairly average game came out, whose main problem was that it did not reach quality standards comparable to other games of the genre. And it was hard to think about, because it had a striking story mode, original powers and abilities, as well as a set of drivers and circuits that were a real fan-service exercise.
Unfortunately, I have to say that history repeats itself… more or less. It’s clearly a video game oriented to the staunch fan of the Final Fantasy saga, but because of his lack of ambition he does not aspire to something more. Even so, do not stop reading, because some things may surprise you. In particular, it is not every day that you find a kart game with its own plot, or an online game that allows up to 64 participants to participate. These and other details make Chocobo GP a title with its own characteristics, which should not be overlooked.
Final Fantasy Karts
The most important thing about Chocobo GP is its driving system. It has some original aspects, but the base is what you imagine. There are accelerations, jumps and very pronounced curves. The circuits have several configurations (short, technical or long) and each of the runners has their own skills. I liked it on a general level, including a drift system very similar to that of the Mario Kart game series: turn and hold the trigger for a long time before shooting. For having, it has the possibility to jump on the edge of ramps to get a micro speed, to be propelled at the exit if you press the accelerator at the right time or to gain speed when you collect 10 crystals during the routes.
The truth is control is decent and responds quite accurately. This is accompanied by a particular use of objects, although nothing that you do not know either. There is an object that gives us an acceleration, another that makes a trap fall on an enemy, one that launches fireballs or ice blocks… Of course, the game presents its touch of innovation with special objects that allow opening black holes (the which shorten your journey). However, the best is in the use of the Final Fantasy license.
Chocobo GP presents the use of skills with the names of Piro, Aqua, Electro, Hielo, Aero, Sismo… do they sound familiar to you? If you are regulars of the JRPG genre, surely yes, since they correspond to the usual spells of the Final Fantasy saga. It’s quite a love letter to fans, especially if I tell you that there are variants like Piro++ that launches a huge ball of fire on the first classified… something like the blue shell in Mario Kart! I don’t want to tell you in detail about all the existing variants, but I just want to say that it is one of the things that I liked the most about the set. For example, Bahamut’s power causes him to speed around the course for a short amount of time.
Put like that, it all sounds really good. The problem is that the game lacks that point of quality, balance and challenge that other alternatives like Mario Kart or Crash Team Racing have. You might ask how this can happen. After all, the game has history mode. However, this modality can be completed in a couple of hours, its difficulty is not particularly high and the narrative seems rather aimed at the smallest of the house. There is nothing here that has particularly caught my attention, with objectives that have to do with things as simple as passing the goal first or defeating a certain opponent. The most attractive, if anything, is the fact that unlock characters and circuits, as well as get vouchers for the in-game store. Little more.
There are no final bosses or other tests that classics like Diddy Kong Racing took pains to incorporate back in the day. For this, and other reasons, it seems to me an incomplete product, or at least it has not given everything it could offer. Perhaps the most salvageable part of the set is the Chocobo GP modality, which proposes a online tournament of 64 participants in which we must overcome four elimination rounds. The key is that only the best four of each race are classified until reaching the final round (that is, if you have not fallen before). I have been testing it in a press test prior to launch and I have to say that it has worked very well.
Since it’s one of the game’s biggest draws, I think Square Enix has been smart to come up with a lite version of the game. As you may know, Chocobo GP Lite is the free version, and allows you to try the prologue of the story mode, as well as local and online multiplayer. The number of characters is limited, as are other features, but it’s a way to ensure that people are always online. Otherwise, I would have my doubts about the ability to enjoy multiplayer (if the servers could have the capacity to fill up). In any case, we will have to wait for the launch to check it…
24 drivers is a reasonable number, but there are barely a dozen routesOtherwise, the game is completed with the typical tournament way, with cups of four circuits each (it can be played in local split-screen co-op). There is also a time trial, with the possibility of downloading ghosts from other players. Without being a limited catalog of proposals, I do consider that the number of riders and routes is a fair bit. 24 drivers is a reasonable number, but there are barely a dozen routes (some of them with different variants). The selection of characters, with exponents such as Cid, Terra, Ifrit or Shiva is not bad, although there is no doubt that the Final Fantasy license was for much more.
Something that the title does well, or at least it tries to, is to enhance the replayability. You can beat the game in an afternoon and unlock the extra mode, with higher difficulty and new rewards. That’s very good. Once you beat the first round of the campaign, you have access to more vehicles and customization items. It is not the ultimate, but it can increase the hours of duration. Of course, if I were you I would not expect too much, since the scope is limited given the number of existing circuits. A shame.
Square Enix could bet on updates to improve the video game, adding content. In any case, I consider that the Chocobo GP problem is deep and difficult to solve through patches. It lacks more quality and effort to achieve a benchmark driving arcade. At the moment, I see it as one more game within the genre. It’s not bad and it’s good that there are games like this in the catalog of a console, but I’d rather you know that before you get the wrong impression.
You will enjoy it if you are a fan of the license and of this type of arcade. Also if you don’t have high expectations. Graphically, it is well resolved but it is nothing surprising. MK8 Deluxe, five years old, offers much more colorful things than this title, and musically it’s not like it knows how to squeeze the quality of Final Fantasy’s stupendous soundtrack. Once again, a missed opportunity, which is added to the many of a game about which, as I have already told you, You should weigh the pros and cons very carefully.. | https://thenewstrace.com/chocobo-gp-analysis-and-opinions-of-the-game-for-nintendo-switch/222926/ | 2022-03-03T13:35:11 | en | 0.969442 |
Problems continue for Russia in the sports field after its president Vladimir Putin officially announced the attack on Ukraine a week ago. Since then important decisions were made such as the change of venue for the Champions League final, or the exclusion of the Russian team from international competitions, among others.
Formula 1 he also spoke out against these attacks. In principle he had decided to suspend his participation in the Sochi GP, an initiative applauded by most of the drivers on the grid. Now, however, he officially announced that they terminated the contract that united them until 2025.
“Formula 1 can confirm that it has terminated its contract with the promoter of the Russian Grand Prix. It means that Russia will no longer have a race in the future. Last week F1 announced that it is impossible to hold the Russian Grand Prix in 2022 under the current circumstances,” was the official statement published by the competition.
Although at first the promoter of the Russian GP, Rosgnoki, had considered that it was just a suspension and that in the future F1 could return to Russia, with this statement that totally ruled out that possibility. This announcement puts an end to the link between both parties, which had begun in 2014.
In this 2022 and before the attacks suffered by Ukraine, Formula 1 was scheduled to run for the last time in Sochisince from 2023 it was going to move to the outskirts of Saint Petersburg, on the renovated Igora Drive circuit.
With the suspension of this event on the calendar, some specialized media considered the possibility of it being the las vegas circuitfrom the United States, the main candidate to fill the vacant place. It should be remembered that in this 2022 the Miami GP (at the Miami International Autodrome on May 8) and the United States GP (at the Circuit of the Americas in Austin, on October 23) were added to the season.
F1’s decision to withdraw from Russia comes after the sport’s governing body, the SONcondemned the invasion of Ukraine by that country on Tuesday, but said that Russian and Belarusian drivers could continue to participate in their competitions as neutrals.
Nikita Mazepin he is the only Russian on the F1 grid. The 22-year-old pilot faces an uncertain future after his US-owned Haas team removed all branding related to the Russian potash producer and title sponsor from his car, Uralkalithe last day of the Barcelona test last week.
KEEP READING
Developing… | https://thenewstrace.com/formula-1-terminated-its-contract-with-the-russian-gp-and-will-not-hold-any-more-races-in-that-country/222933/ | 2022-03-03T13:35:17 | en | 0.978375 |
Smilegate’s MMORPG has accumulated 76 million hours viewed on the Amazon platform.
We have witnessed one of the busiest months for the world of video games if we take a look at the launches. However, despite the number and relevance of the premieres, there are two great protagonists of February. At least in terms of exposure and monitoring, both Lost Ark and Elden Ring have dominated the conversation above the rest.
Lost Ark had a peak of 1.2 million viewersIt is something that we could elucidate by taking a look at how the last few weeks have passed in the media and networks, but a Gamesight study comes to corroborate it: the Smilegate MMORPG has accumulated in its first week 76 million hours viewed on Twitch, the platform owned by its publisher in the West, Amazon. Additionally, it achieved a peak of 1.2 million live viewers upon its release, and was broadcast on 120,000 channels in its first week.
Lost Ark is in the first position of this curious classification and, although its figures seem unattainable, the truth is that Elden Ring has not been so far away. The title of FromSoftware It is in second position in the ranking with 52 million hours watched on the streaming platform but, although it was launched later, let us remember that only the numbers from its first days on the market are compared here.
Dying Light 2 and Horizon stay further awayTo compare with rest of contendersDying Light 2 falls far short of both, albeit with an astonishing 20.1 million hours watched. For its part, Horizon: Forbidden West has not enjoyed the same fate, and the Guerrilla game has not exceeded 8.8 million hours viewed on the channels of the different content creators.
As we say, at least the first two positions on this list could be clear if we took a look at previous news. Lost Ark had a scandalous premiere on Steam, but the Elden Ring case is not far behind. In terms of coverage and follow-up, the last work of Hidetaka Miyazaki has broken records, far above the rest of the releases of this crazy month of February.
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Más sobre: Lost Ark, Elden Ring, Twitch, Amazon, Smilegate, FromSoftware, Horizon: Forbidden West y Dying Light 2. | https://thenewstrace.com/lost-ark-and-elden-ring-top-february-streams-with-huge-viewership-numbers-on-twitch/222931/ | 2022-03-03T13:35:23 | en | 0.961794 |
Nintendo has launched a “Missions and Rewards” replace for Nintendo Transfer On-line which permits avid gamers to earn platinum issues by means of taking part in and extra, very similar to the Xbox Sport Go quest device.
the inducement is handiest to be had to customers with an energetic subscription on Nintendo Transfer On-line and provides duties like “play systems that reinforce on-line play“, “again up save information“, “play NES“, and so on.
The customers will earn platinum issues (the similar forex that has been used for years within the My Nintendo retailer) that permit customers to acquire sure bodily pieces, akin to key chains and Nintendo-themed posters.
The replace has launched a variety of new icons and backgrounds unique to Nintendo Transfer On-line which are handiest to be had in the course of the Platinum Issues device, and will likely be up to date weekly. There can be timed occasions with particular icons to be had. Those virtual items are rather simple to get. Should you play one on-line recreation every week you are going to get 30 platinum issues, and the brand new icons proven thus far handiest price 10 issues each and every.
Saving for bodily rewards will take just a little longer, even though they’re nonetheless inside of your achieve: a cable organizer from Pokémon Legends: Arceus prices 400 issues, as an example. Should you play on-line recreation, backup save information, play NES device and play Demo device, you’ll be able to earn 200 issues every week.
You’ll be able to get entry to the Missions and Rewards web page by means of the Nintendo Transfer On-line app console, and customers can redeem their issues for virtual pieces at the spot or for bodily pieces within the My Nintendo retailer. | https://thenewstrace.com/nintendo-transfer-on-line-comprises-missions-and-rewards-what-are-they-and-what-are-they-for/222928/ | 2022-03-03T13:35:29 | en | 0.931507 |
HELSINKI (AP) — Through the Cold War and the decades since, nothing could persuade Finns and Swedes that they would be better off joining NATO — until now.
Russia’s invasion of Ukraine has profoundly changed Europe’s security outlook, including for Nordic neutrals Finland and Sweden, where support for joining NATO has surged to record levels.
A poll commissioned by Finnish broadcaster YLE this week showed that, for the first time, more than 50% of Finns support joining the Western military alliance. In neighboring Sweden, a similar poll showed those in favor of NATO membership outnumber those against.
“The unthinkable might start to become thinkable,” tweeted former Swedish Prime Minister Carl Bildt, a proponent of NATO membership.
Neither country is going to join the alliance overnight. Support for NATO membership rises and falls, and there’s no clear majority for joining in their parliaments.
But the signs of change since Russia began its invasion last week are unmistakable.
The attack on Ukraine prompted both Finland and Sweden to break with their policy of not providing arms to countries at war by sending assault rifles and anti-tank weapons to Kyiv. For Sweden, it’s the first time offering military aid since 1939, when it assisted Finland against the Soviet Union.
Apparently sensing a shift among its Nordic neighbors, the Russian Foreign Ministry last week voiced concern about what it described as efforts by the United States and some of its allies to “drag” Finland and Sweden into NATO and warned that Moscow would be forced to take retaliatory measures if they joined the alliance.
The governments of Sweden and Finland retorted that they won’t let Moscow dictate their security policy.
“I want to be extremely clear: It is Sweden that itself and independently decides on our security policy line,” Swedish Prime Minister Magdalena Andersson said.
Finland has a conflict-ridden history with Russia, with which it shares a 1,340-kilometer (830-mile) border. Finns have taken part in dozens of wars against their eastern neighbor, for centuries as part of the Swedish Kingdom, and as an independent nation during the world wars, including two fought with the Soviet Union from 1939-40 and 1941-44.
In the postwar period, however, Finland pursued pragmatic political and economic ties with Moscow, remaining militarily nonaligned and a neutral buffer between East and West.
Sweden has avoided military alliances for more than 200 years, choosing a path of peace after centuries of warfare with its neighbors.
Both countries put an end to traditional neutrality by joining the European Union in 1995 and deepening cooperation with NATO. However, a majority of people in both countries remained firmly against full membership in the alliance — until Russia’s aggression against Ukraine.
The YLE poll showed 53% were in favor of Finland joining NATO, with only 28% against. The poll had an error margin of 2.5 percentage points and included 1,382 respondents interviewed Feb. 23 to 25. Russia’s invasion began on Feb. 24.
“It’s a very significant shift,” said senior researcher Matti Pesu from the Finnish Institute of International Affairs. “We’ve had a situation in the past 25-30 years where Finns’ opinions on NATO have been very stable. It seems to now to have changed completely.”
While noting that it’s not possible to draw conclusions from a single poll, Pesu said no similar shift in public opinion occurred after Russia’s 2008 war with Georgia and the 2014 annexation of the Crimean Peninsula, “so this is an exception.”
In Sweden, a late February poll commissioned by the Swedish public broadcaster SVT found 41% of Swedes supported NATO membership and 35% opposed it, marking the first time that those in favor exceeded those against.
The Nordic duo, important partners for NATO in the Baltic Sea area where Russia has substantially increased its military maneuvers in the past decade, has strongly stressed that it is up to them alone to decide whether to join the military alliance.
In his New Year’s speech, Finnish President Sauli Niinisto pointedly said that “Finland’s room to maneuver and freedom of choice also include the possibility of military alignment and of applying for NATO membership, should we ourselves so decide.”
NATO Secretary-General Jens Stoltenberg noted last week that for Helsinki and Stockholm “this is a question of self-determination and the sovereign right to choose your own path and then potentially in the future, also to apply for NATO.”
There are no set criteria for joining NATO, but aspiring candidates must meet certain political and other considerations. Many observers believe Finland and Sweden would qualify for fast-track entry into NATO without lengthy negotiations and membership could be a reality within months.
Finnish Prime Minister Sanna Marin said this week that her Social Democratic Party would discuss possible NATO membership with other parties but didn’t set a time frame. She said everyone agrees that the events of the past weeks have been a game-changer.
“Together we see that the security situation has changed remarkably since Russia attacked Ukraine. It is a fact that we have to acknowledge,” Marin said.
___ Associated Press writers Karl Ritter in Stockholm, and Lorne Cook in Brussels, contributed to this report.
___
Follow the AP’s coverage of the Ukraine crisis at https://apnews.com/hub/russia-ukraine | https://www.huffpost.com/entry/bc-eu-finland-sweden-nato_n_6220af0de4b039d8f952b879 | 2022-03-03T13:42:40 | en | 0.965654 |
BEIJING (AP) — China on Thursday denounced a report that it asked Russia to delay invading Ukraine until after the Beijing Winter Olympics as “fake news” and a “very despicable” attempt to divert attention and shift blame over the conflict.
Foreign Ministry spokesperson Wang Wenbin also repeated China’s accusations that Washington provoked the war by not ruling out NATO membership for Ukraine.
“We hope the culprit of the crisis would reflect on their role in the Ukraine crisis, take up their responsibilities, and take practical actions to ease the situation and solve the problem instead of blaming others,” Wang told reporters at a daily briefing.
“The New York Times report is purely fake news, and such behaviors of diverting attentions and shifting blames are very despicable,” Wang said. The Times article cited a “Western intelligence report” considered credible by officials.
Russian President Vladimir Putin met with his Chinese counterpart Xi Jinping in Beijing on Feb. 4, hours before the Games’ opening ceremony. Following that, the sides issued a joint statement in which they declared “friendship between the two states has no limits, there are no ‘forbidden’ areas of cooperation.”
In that statement, China also endorsed Russia’s opposition to further NATO expansion and demand that it “respect the sovereignty, security and interests of other countries.” Russia, for its part, reaffirmed its support for China’s claim over Taiwan, the self-governing island Beijing threatens to annex by force if necessary.
The Times said it wasn’t clear whether the communication about an invasion took place between Xi and Putin or at a lower level, but that the intelligence report indicated that “senior Chinese officials had some level of direct knowledge about Russia’s war plans or intentions before the invasion started last week.”
China is the only major government that hasn’t criticized Moscow’s attack on Ukraine and has also ruled out joining the United States and European governments in imposing financial sanctions on Russia. Instead, Beijing has endorsed the Russian argument that Moscow’s security was threatened by NATO’s eastern expansion.
China abstained in Wednesday’s U.N. General Assembly emergency session vote to demand an immediate halt to Moscow’s attack on Ukraine and the withdrawal of all Russian troops.
“Regrettably, the draft resolution submitted to the General Assembly emergency special session for vote had not undergone full consultations with the whole membership, nor does it take into consideration the history and the complexity of the current crisis,” Wang said.
“It did not highlight the importance of the principle of indivisible security or the urgency of promoting political settlement and stepping up diplomatic efforts,” he said. “These are not in line with China’s consistent position. Therefore, we had no choice but to abstain in the voting.”
Russia had launched an attack on Georgia during the 2008 Beijing Summer Olympic Games, angering some in the Chinese leadership and among the public. | https://www.huffpost.com/entry/china-russia-ukraine-war-olympics_n_6220b315e4b0afed0d632058 | 2022-03-03T13:42:47 | en | 0.953061 |
Desi Lydic ended up dazed and confused after faux-binging on Fox News’ questionable coverage of Russia’s invasion of Ukraine.
For “The Daily Show” correspondent’s regular “Foxsplains” bit Wednesday, the comedian pretended to watch hundreds of hours of Fox News commentary on Ukraine, featuring excuse-making for Russian leader Vladimir Putin and attacks on U.S. President Joe Biden. The network’s punditry has even been called out by its own reporters.
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Lydic then attempted to explain why Putin ordered the invasion, but it did not go well.
Watch the video here: | https://www.huffpost.com/entry/fox-news-ukraine-daily-show-desi-lydic_n_6220a5f2e4b030a2f5394ee1 | 2022-03-03T13:42:53 | en | 0.928031 |
Bitcoin (BTC) corrected from highs above $45,000 on March 3 as traders' optimism over continued upside remained in the driving seat.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
"Liquidity taken" at $43,000
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly dipping below $43,000 Thursday.
The reset was expected, punctuating a multi-day uptrend which had seen the pair add $10,000 in a single week.
"Short term correction happened on Bitcoin after taking the liquidity again," Cointelegraph contributor Michaël van de Poppe summarized in a Twitter update.
"Looks to me like we're going to see another run to the highs, as the correction is not as swift as we normally would be."
Eyes were on the yearly opening price at just above $46,000, alongside order book resistance at $48,000.
Meanwhile, accumulation continued, with smaller investors coming into focus as keen buyers at current levels.
"The small fish are stacking sats like there is no tomorrow," analytics resource Ecoinometrics commented alongside a chart showing buying habits this week.
Bitcoin investor accumulation chart. Source: Ecoinometrics/Twitter
Altcoins retain higher volatility
Despite the overall bullish performance this week, none of the top ten cryptocurrencies by market cap were all in the red on daily timeframes at the time of writing.
While BTC/USD was down around 1.8%, major altcoins fared worse, led by Solana (SOL) and Cardano (ADA), both more than 5% lower.
Ether (ETH), the largest altcoin by market cap, shed 3.5% to return under the $3,000 mark, something which had yet to established itself as meaningful support.
"The markets are relatively calm. People have low interest in crypto right now. Engagement is low on social media on all accounts," Van de Poppe continued.
"Ethereum gas fees are on an ultra-low level. Those are the times that you actually should start paying attention, as it gives opportunities."
ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView
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BTC suffered a fatal crash to a crucial support level after news of Russia attacking Ukraine spread. This downswing caused the crypto market to crumble, but the recovery seems to be going well and suggests that BTC could be due for a relief rally. | https://www.fxstreet.com/cryptocurrencies/news/bitcoin-sees-43k-dip-amid-expectations-of-another-run-for-btc-price-202203031221 | 2022-03-03T13:44:16 | en | 0.949305 |
South Williamsport, Pa. -- On Saturday, March 5, a drive-through clinic at the STEP RiverWalk Center in South Williamsport will distribute vaccines, boosters, N95 masks, and at-home test kits from 10 a.m. to 1 p.m.
Moderna and Pfizer vaccines will be available. Vaccination is not required to receive at-home test kits or N95 masks, which are available while supplies last.
The clinic is being offered in coordination with Let’s End COVID! Thanks to the Lycoming County United Way, gift cards are available upon completion of the COVID-19 vaccine series.
The STEP RiverWalk Center is located at 423 East Central Avenue, South Williamsport. For more information about the clinic, call River Valley Health & Dental at (570) 567-5400 or visit rivervalleyhealthanddental.org. | https://www.northcentralpa.com/covid-19/step-and-river-valley-health-dental-host-drive-through-covid-vaccine-clinic/article_5f36d29a-99d4-11ec-9737-dff399486089.html | 2022-03-03T13:45:16 | en | 0.880691 |
In Varanasi, PM Modi interacted with students, who returned from Ukraine: Official sources.
- Country:
- India
In Varanasi, PM Modi interacted with students, who returned from Ukraine: Official sources.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
Advertisement | https://www.devdiscourse.com/article/Newsalert/1946977-in-varanasi-pm-modi-interacted-with-students-who-returned-from-ukraine-official-sources | 2022-03-03T13:45:17 | en | 0.939883 |
South Williamsport, Pa. -- The Robert Porter Allen Natural Area (RPANA) is not just a recreation area. It is meant to be enjoyed today, but also to honor the past and educate for the future.
The natural area, located alongside the Susquehanna River and Sylvan Dell Road, South Williamsport, has deep historical roots.
The area was once the homeland of Robert Porter Allen, a pioneering ornithologist and environmentalist who conducted research for the National Audubon Society. He was also an award-winning nature writer, a pursuit which allowed him to carefully and thoughtfully document the birds he studied.
His conservation research and writing about the Whopping Crane earned him national recognition. A 2012 biographical book, "The Man Who Saved the Whooping Crane," honors Allen's part in preserving the species.
Three homesteads stretched along the land between South Williamsport and Muncy, with the Porter family residing near Muncy, the Allen's residing near downtown South Williamsport, and the Gibson's located in between -- where RPANA is found today.
The Porter's and Allen's intermarried, but there were several generations of Porter Allen's before the famed ornithologist was born. As a child, Robert Porter Allen referred to the natural area as "Gibson's swamp," and developed his love of nature and birds through his time spent there, according to Jim Dunn, a nearby resident and project leader.
Long before Robert Porter Allen's family settled on the land in the late 1800s/early 1900s, the area was Native American territory. Following industrialization, it had many uses: the City of Williamsport’s former swimming and boating area in the early 1900s; a stretch of the Pennsylvania canal; a key transportation connection for the railroad system, and later, the Loyalsock Gap Turnpike.
The project aims to preserve cultural and historical resources associated with the site, as well as preserve the natural habitat and wildlife inhabiting the area.
As it did historically, the park area will offer recreational opportunities: walking and biking, bird-watching, cross-country skiing. The natural history will be maintained through educational coursework in partnership with local schools and universities. Other long-term goals include habitat restoration, trail connections (see map), and canoe/kayak access.
Dunn noted concrete plans such as signs detailing the transportation, recreation, and family history of the area, plus environmental education about plants, bird species, flowers, trees.
Bucknell University intends to use the area as a field station, and Lycoming College is coming on board in the future, according to Dunn. Also interested in the area's opportunities are local organizations such as National Audubon Society, a conservation group that bird-watches at the site.
The project is financed through grant funding from DCNR and PennVEST, which was then matched with local funds granted by the Lycoming County Commissioners. Notably, the natural area received a North American Wetlands Conservation Act (NAWCA) Grant, one of the most competitive in North America, and the first to be awarded in Pennsylvania, said Dunn.
Operationally, the project is now owned and managed by the Southside Recreational Authority, a group of residents who oversee recreational projects in their community. As president of the board, and the one who started it all, Dunn has led the project on all fronts.
According to Dunn, the project was "about a decade" in the making. Dunn said his inspiration for the project came from "going there as a kid, knowing it was there -- a kind of hidden gem. I didn't want the site to be degraded."
Dunn captured the park's significance as not only personal to him, but as necessary knowledge for all who visit. "To get a comprehensive understanding of an area and its significance, you have to learn... you have to learn the history of its uses over different eras of time. And you have to put that into context with where it is today," he said. | https://www.northcentralpa.com/life/outdoors/robert-porter-allen-natural-area-merges-history-education-and-recreation-in-south-williamsport/article_61adcb8e-9338-11ec-9ecb-afe905abf085.html | 2022-03-03T13:45:22 | en | 0.977129 |
During interaction with PM Modi, students from different parts of Uttar Pradesh, shared their experiences in Ukraine: Official sources.
- Country:
- India
During interaction with PM Modi, students from different parts of Uttar Pradesh, shared their experiences in Ukraine: Official sources.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Lehigh County, Pa. -- PSP Fogelsville Barracks, Lehigh County, have issued a missing person advisory for Jeffrey Robert Davis, 79, from Lower Macungie Twp.
Missing Endangered Person Advisory. PSP Fogelsville is searching for Jeffrey Davis. Call 911 if seen. pic.twitter.com/cxAPzXIf6s
— PA State Police (@PAStatePolice) March 3, 2022
Davis is operating a 2016 gray Ford Escape bearing PA plates DDA3695. Davis was last seen in the area of Heather Rd., Lower Macungie Twp. on March 2 at 7 p.m.
Police believe Davis may be at special risk of harm or injury, or may be confused.
Anyone with information is asked to call 911 immediately, or PSP Fogelsvill Barracks at (610)935-1438. | https://www.northcentralpa.com/news/psp-missing-endangered-person-advisory-issued-for-lower-macungie-twp-man/article_6166b0de-9aed-11ec-bace-87dda0f3c52c.html | 2022-03-03T13:45:29 | en | 0.898538 |
Ukraine crisis: Aviation Ministry says more than 7,400 people expected to be brought back to India in special flights in next 2 days.
- Country:
- India
Ukraine crisis: Aviation Ministry says more than 7,400 people expected to be brought back to India in special flights in next 2 days.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Muncy -- Donald Lundy “Don” Koons died peacefully on Monday, February 28, 2022 at the Gatehouse of Williamsport Regional Medical Center, Divine Providence Campus at the age of 100 and is now home with his Lord and Savior.
Don is survived by his wife of 78 years, Roberta Hanna Koons currently residing at 878 Heritage Springs Old Cement Rd. Muncy, PA 17756. Also surviving are children Cheryl Oswald of Alliance, Ohio, Candice Fager of Mulberry, Florida, Cameron Koons (Pat) of Lairdsville, Cynthia Smith (Jeff) of Mebane, North Carolina, and Craig Koons (Lisa) of Hughesville; 12 grandchildren; eight great-grandchildren; four great-great grandchildren; and a brother-in-law, William Hanna.
He was preceded in death by three brothers John “Tim,” Lester, Eugene Koons and three sisters Margaret Dieffenbacher, Phyllis Harvey, and Martha Koons.
Don was born May 7, 1921 in Williamsport to George and Annis (Lundy) Koons.
Don was a 1939 graduate of Williamsport High School. He joined the Army Air Corp in 1943 and flew 34 missions over Germany and France in a B-17 named “Little Pedro” as a bottom ball turret gunner. He was honorably discharged as a Staff Sergeant on September 23, 1945. In 2016, he was honored with the Chevalier of the Legion Honor, France’s highest distinction, for his personal contribution to their liberation during World War II. Following his service time, he then went to work for the U.S. Postal Service in Williamsport and retired in 1976.
Don was an avid outdoorsman and loved his woodworking and when he could no longer have his own shop, he continued his hobby at Williamsport Community Woodshop under their Veterans Program.
He was a member of the Moreland Baptist church, Muncy and in earlier years was very active at Calvary Baptist Church serving as a deacon and trustee.
Services will be held at a later date.
Memorial contributions may be made in Don’s name to the Susquehanna Health Foundation c/o Home Care and Hospice 1001 Grampian Blvd. Williamsport, PA 17701 or to the Moreland Baptist Church 118 Moreland Baptist Rd, Muncy, PA 17756.
Arrangements entrusted to Knight-Confer Funeral Home.
www.KnightConferFuneralHome.com | https://www.northcentralpa.com/obituaries/donald-lundy-don-koons/article_3df3eed8-9ad8-11ec-a359-c3605cf095ec.html | 2022-03-03T13:45:35 | en | 0.970684 |
Jersey Shore -- Lorne D. “Doon” Greene, 50, of Jersey Shore passed away Monday, February 28, 2022 at UPMC Susquehanna, Williamsport.
He was born on July 19, 1971 and was the son of Mary H. Greene of Jersey Shore and the late Larry R. Greene, Sr.
Doon attended Jersey Shore High School and was a truck driver, during which time, he made friends all over the country. He was most recently employed by Lucky Seven Travel Plaza in Lock Haven. Doon loved watching any kind of car racing and enjoyed building and competing with his own 4x4 Jeep. He had a knack for building a great racing motor and enjoyed being his brother Kevin’s right-hand man and pit crew at many 4x4 races. They especially enjoyed attending the biggest 4x4 race on the East Coast, Gravelrama. Doon also was a fixture at the Clinton County Motor Speedway on Friday nights.
In addition to his mother, Mary, he is survived by brothers; Kevin Smith and his wife Wendy and Larry Greene, Jr. and his wife Mary, sister; Bonnie Herold, grandparents; Dorland and Carlene Eck, nieces/nephews and their families; Bonnie Caffrey, Barbie Bonanni, Tammy Cochran, Bill McClelland and Brock Smith, step-children; Dillian Green and Millie Green, step-grandson; Warren Baker as well as several cousins. In addition to his father, he was preceded in death by brother; Gordon Greene and sister; Connie Cataldo.
In keeping with Doon’s wishes, there will be no services at this time. A life celebration service will be held at a later and warmer date.
In lieu of flowers, memorial contributions may be made to the funeral home to help with funeral costs.
Arrangements are being handled by Rearick-Carpenter Funeral Home, 1002 Allegheny St., Jersey Shore, PA.
Condolences may be shared at www.rearickcarpenter.com | https://www.northcentralpa.com/obituaries/lorne-d-doon-greene/article_da01e51a-9ad7-11ec-97dc-df6a4fbcfe8c.html | 2022-03-03T13:45:41 | en | 0.978233 |
Ukraine crisis: Aviation Ministry says 17 flights with around 3,500 Indians expected to arrive in India on Friday.
- Country:
- India
Ukraine crisis: Aviation Ministry says 17 flights with around 3,500 Indians expected to arrive in India on Friday.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Ukraine
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Pace of India's evacuation operation continues to accelerate: MEA on bringing back stranded Indians from Ukraine.
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Pace of India's evacuation operation continues to accelerate: MEA on bringing back stranded Indians from Ukraine.
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Fifteen flights landed in India during last 24 hours, bringing back more than 3,000 Indians: MEA on evacuation process from Ukraine.
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Fifteen flights landed in India during last 24 hours, bringing back more than 3,000 Indians: MEA on evacuation process from Ukraine.
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18 flights have been scheduled for next 24 hours to bring back Indians: MEA on evacuation mission following Ukraine crisis.
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NPR's A Martinez talks to Democratic Rep. Adam Schiff of California, a member of the committee, about the panel's 221-page court filing, and where the investigation is headed from here.
Copyright 2022 NPR
NPR's A Martinez talks to Democratic Rep. Adam Schiff of California, a member of the committee, about the panel's 221-page court filing, and where the investigation is headed from here.
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We are closely following developments in Kharkiv, Sumy and other cities in eastern Ukraine: MEA.
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We are closely following developments in Kharkiv, Sumy and other cities in eastern Ukraine: MEA.
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It's the first city that's fallen since Russian forces invaded a little over a week ago. But they seem to be stalled north of the capital Kyiv, where Ukrainian forces and volunteers are resisting.
Copyright 2022 NPR
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In a court filing, the select committee says evidence "provides, at minimum, a good-faith basis for concluding" that Trump broke the law with his efforts to obstruct the counting of electoral votes.
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Large number of Indian students left Kharkiv pursuant to Wednesday's advisory; they are in nearby Pesochyn and estimated number is 1,000: MEA.
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New Mexico officer dies in chase of suspected kidnapper - By Cedar Attanasio And Walter Berry Associated Press / Report For America
Law enforcement agencies were searching the Santa Fe area for a suspected kidnapper whose flight from police into oncoming traffic led to fatal car crashes Wednesday, killing a police officer pursuing him as well as at least one motorist who had nothing to do with the chase.
Police on Wednesday night identified the officer killed as Robert Duran, a 43-year-old senior officer assigned to the department's patrol section.
They said Duran joined the department in January 2015. He leaves behind a wife and two teenage sons.
"Officer Duran was well respected and loved by his peers," Santa Fe interim Police Chief Paul Joye said. "We as a department and as individuals are still grieving and processing his loss."
Santa Fe Mayor Alan Webber vowed to deliver justice to the fallen officer as police from multiple agencies continued the search.
"Let there be no doubt that the combined law enforcement officers who are now working on this will find the suspect. Justice will be done," Webber said in a statement.
The kidnapping was reported about 11 a.m. at an apartment complex where a man armed with a knife allegedly stole a vehicle occupied by a woman.
Officers unsuccessfully tried to stop the vehicle, but the driver got onto Interstate 25, police said. Heading into oncoming traffic, police said the suspect drove south toward Albuquerque in the northbound lane.
The chase soon led to a crash involving four vehicles: two driven by police, one by the suspect with the victim inside, and another vehicle, police said.
Police said Wednesday afternoon that two people died in the crash, including another motorist in the fourth car who wasn't involved in the chase.
"I am deeply saddened by the death of a Santa Fe police officer today while in the line of duty, as well as the tragic death of another motorist," Gov. Michelle Lujan Grisham said in a statement.
Police said the suspect managed to get away.
The kidnapping victim also managed to exit the vehicle and was taken to a hospital. Her name also wasn't immediately released.
Police were asking area residents to stay in their homes as they searched for the suspect, while cellphones buzzed across the county with an emergency alert warning people to avoid the interstate, now a sprawling crime scene.
Mikaela McCray, a hostess at a restaurant near the crash scene, said the highway was full of police vehicles including at least one helicopter overhead.
New Mexico increases focus on race in K-12 despite backlash - By Cedar Attanasio Associated Press / Report For America
New Mexico's K-12 students will see a greater focus on race and ethnicity, including Native American history, in their curriculum over the next two years under new standards aimed at making social studies teaching more culturally responsive.
The New Mexico Public Education Department recently finalized the changes following months of debate that included pushback from parents worried their kids would be labeled racist. The standards don't mandate specific lessons or textbooks but will require school districts to increase their focus on social identities and understanding the world through the lens of race, class and privilege.
New Mexico is the latest Democratic-led state to approve new public school standards amid a move toward more open discussion of race. As in Washington and New York, the standards require students to identify and articulate their cultural identity starting in elementary school. Ethnic studies will now be part of the high school curriculum, though not required for graduation as in California.
A dozen other states have passed laws to restrict topics related to race and gender over concerns, particularly among the GOP, about "critical race theory," which has become a catch-all term for identity politics in education. In Virginia, the governor is looking to root out all traces of "inherently divisive concepts" some parents believe could make children feel as if they are racist because of their skin color.
In New Mexico, hundreds of parents, teachers and grandparents weighed in for and against the proposed changes last fall. Officials heard public comments in thousands of letters and hundreds of appearances in an all-day Zoom forum.
Supporters backed a closer look at the history of Indigenous communities in the state and more discussion of race and identity at an earlier age.
The final rule, published Feb. 16, rebutted some criticisms about identity and integrated a plea for including personal finance in the curriculum changes.
School districts can begin implementing the new standards next year and will be expected to do so in the fall of 2023.
It's the state's first overhaul of social studies standards since 2009, expanding sections in history, geography, civics, and economics.
The new standards change the way Native American histories are taught. In the coming years, students are more likely to study the state's 23 tribes on their own terms and more in depth. In the past, that history was cursory and focused on comparing and contrasting with European conquerors.
State education officials are also under pressure to make the K-12 school system more relevant to the 11% of students who are Native American, owing in part to an ongoing lawsuit. A court ruled in 2018 that the state isn't meeting the educational needs of Indigenous kids, and the education department has yet to release a plan to address the issues laid out by the court, and faces further litigation.
Alisa Diehl, an education attorney at the New Mexico Center on Law and Poverty representing the plaintiffs, calls changes to the social studies standards a "first step toward providing a public education system that takes students' cultures, languages and life experiences into account as required by our statutes and constitution."
Opponents of the new approach expressed fears that children would be labeled as victims or oppressors based on their race.
Some commenters color-coded the entire proposed rule, identifying language that they saw as echoes of critical race theory, including phrases like "unequal power relations," "privilege or systemic inequity," and requirements that students identify their "group identity" starting in kindergarten.
The agency decided to keep that language, and even increased the instances of those terms in an effort to make the language consistent across different sections of the final rule.
The response to those criticisms stated that: "Critical race theory is suited for graduate school-level discussions, and is not contained in the standards."
At the heart of the debate is whether discussing differences in the classroom hardens social divisions or softens them.
Earlier this month, Republicans in the New Mexico Legislature proposed banning critical race theory. They also proposed replacing leadership at the education department, currently appointed by the governor, with an elected board. Both measures failed.
In a letter to state education officials last week, released Wednesday, Republican leaders said they would advocate for districts to use wiggle room in the curriculum requirements to keep conservative textbooks and lesson plans. They said education officials ignored public opposition.
The department "had no real intention of making significant changes to the proposed standards which were clearly outside of the mainstream of New Mexico's values and traditions," the letter said.
The letter was signed by House Republican leaders including Rebecca Dow, of Truth or Consequences. Dow is one of three members of her party fighting in a primary to take on the sitting governor, a Democrat.
"Whether they fit all the definitions of 'critical race theory' or not, the new standards appear designed to divide New Mexicans by race, ethnicity and economic status," said Paul Gessing, president of the libertarian think tank Rio Grande Foundation.
Authors of the changes say identity has become a more important and more visible aspect of society and needs to be studied.
"It's more like a deep exploration that there are identity differences that exist, and that everybody is not always going to think the same. But the level of respect for everybody's varying opinions is what we want to bring out in the classroom," said Irene Barry, an English teacher in Aztec, New Mexico.
Barry says the biggest changes in the social studies standards are an incremental introduction to social identity from K-12, and the expansion of civics and geography into high school. The previous standards didn't focus on identity and wrapped up geography and civics in middle school.
Education department leaders said removing the language advocated by Barry and other teachers would devalue their work, despite the many objections from the public voiced in comments.
"You want to be respectful of them and their voice and the role they played in creating these (education standards)," said Gwen Perea Warniment, deputy secretary of teaching, learning and assessment for the education department.
In economics, the agency responded to public comments with sweeping changes, adding an entirely new section on personal finance, following a letter campaign backed by a local education policy think tank.
By fifth grade, students can be learning how to track spending and savings. In high school, standards include sections on understanding credit scores, the consequences of credit cards, and ways to build wealth with tools such as stocks, savings and real estate.
"New Mexico now joins the 45 other states that include personal finance in their K-12 education standards, which is an important first step to tackling intergenerational poverty," said Abenicio Baldonado, education reform director for Think New Mexico, which promoted the letter campaign.
Baldonado is advocating for personal finance to be required for high school graduation.
Election official warns residents about door-to-door canvas - By Morgan Lee Associated Press
New Mexico's top election regulator and prosecutor are warning residents of Otero County to be wary of intrusive questions and potential intimidation by door-to-door canvassers linked to a review of the 2020 election that was authorized by the Republican-led county commission through a private company.
Secretary of State Maggie Toulouse Oliver, a Democrat, said Wednesday that many Otero County residents have been caught off guard when approached by canvassers affiliated with the group New Mexico Audit Force — that claim in some instances to be employees of Otero County.
"The information that we've received is that ... they say they're from the county," said Toulouse Oliver, describing complaints from resident that have been reviewed by her office. "So really one big concern is, 'Who are these people? How did they get my personal information? Why are they asking me questions not only about how I voted but about things like my marital status?'"
On Wednesday, she and Attorney General Hector Balderas issued a written advisory that encouraged residents to report voter harassment or intimidation.
"You are not required to participate in this so-called 'audit' or provide any information unless you choose to do so," the notice states.
The Otero County commission in January authorized a $49,750 contract for a countywide review of election records and voter registration information linked to the 2020 general election. They accepted a proposal from EchoMail — one of the contractors hired by Arizona's Republican controlled state Senate to review election results in Maricopa County.
EchoMail's "forensic audit" proposal in Otero County called for volunteer canvassers from New Mexico Audit Force to go door to door to review voter registration data.
Toulouse Oliver said complaints of misrepresentation and intrusive questions by canvassers are concerning because of the potential to undermine public confidence in the security of voter information and discourage participation in elections. She said that a TikTok video about about an encounter with canvassers led to a deluge of calls to state authorities with questions and complaints.
"You know, it has folks just very concerned about how protected their personal information is," Toulouse Oliver said.
Nearly a year and a half after the 2020 election, the U.S. continues to grapple with false claims surrounding President Joe Biden's win.
Ballot reviews have been conducted across the country, from Arizona's Maricopa County to Fulton County, Pennsylvania. A former Wisconsin Supreme Court justice examining the 2020 election in that battleground state laid out his interim findings this week and recommended that legislators should consider decertifying the state's presidential result — a move attorneys have said is illegal.
Proponents like to call the reviews a "forensic audit," but they differ markedly from audits that follow standard procedures and are conducted by experienced professionals.
Otero County Attorney R. B. Nichols cautioned commissioners against the election review because it was unlikely to provide "taxpayer value," could overburden local election officials with records requests in an election year, and could lead to costly civil rights lawsuits against the county.
EchoMail was among the contractors hired by Arizona's Republican controlled state Senate to review the 2020 election in Maricopa County and provide a report on ballot envelope images, Nichols said. The Maricopa County election department found that nearly every finding by the contractors included faulty analysis, inaccurate claims, misleading conclusions and a lack of understanding of federal and state election laws.
The Otero County election review was pitched to the commission by Las Cruces-based engineer Erin Clements and her husband, David, a former public prosecutor and conservative public speaker who bills himself as a traveling salesman for forensic election audits.
Though Trump won nearly 62% of the vote in Otero County in 2020, county commissioners say they are not satisfied with assurances of an accurate mid-term election in 2022 by their county clerk or results of the state's risk-limiting audit.
"Nationwide I think we got screwed," Commissioner Vickie Marquardt said at a discussion of the audit contract. "To me personally, I think it's worth looking into."
Supporters of the review include Commissioner Couy Griffin, the Republican cofounder of the support group Cowboys for Trump who is facing misdemeanor criminal charges stemming from the Jan. 6. insurrection at the U.S. Capitol.
Griffin appeared on an outdoor terrace of the Capitol and tried to lead the crowd in prayer and denies allegations that he knowingly entered barricaded areas of the Capitol grounds with the intent of disrupting government as Congress certified the 2020 Electoral College results.
Contacted Wednesday, Griffin said by text that state authorities are pushing back against an audit that "threatens the very foundation of the BIGGEST LIE of our lifetime. That is the presidency of Joe Biden."
Toulouse Oliver called the review a "vigilante" audit. She raised concerns that contractors might have access to and compromise vote tabulation machines, which would compel state election regulators to decertify and dispose of the equipment.
Toulouse Oliver said that authorities are probing whether the contractor improperly obtained bulk voter records through a third part.
Official: New Mexico to remain vigilant amid virus respite - Associated Press
New Mexico's top health official said Wednesday that the state is transitioning into a new phase of the coronavirus pandemic but that it will remain vigilant in case of another surge.
Health and Human Services Secretary Dr. David Scrase told reporters during a virtual briefing that there has been a precipitous drop in cases and hospitalizations over recent weeks and that hospitals are seeing relief. He pointed to more available beds but noted that the state still needs to do more to build up its nursing workforce.
Scrase said part of the state's focus has been on ensuring that residents have the tools they need — from testing options to access to early treatments — so they can weather future outbreaks and avoid hospitalization.
"I'm hoping that we can find a way to empower every New Mexican to do this so that mandates won't be necessary," he said.
While New Mexico recently ended its mask mandate for most indoor spaces, public health requirements imposed by Gov. Michelle Lujan Grisham early on in the pandemic spurred much criticism from the parents of schoolchildren, business owners and others. The mandates also prompted numerous legal challenges, but state officials have defended their handling of the pandemic.
Scrase said New Mexico supports the latest guidance from the federal government that outlines community risk levels based on factors such as how many people have been admitted to local hospitals in the last week and how many new COVID-19 cases a county has had in the last week.
The latest map shows 10 of New Mexico's counties at the high level, with the remaining 23 classified as either low or medium risk.
Bill would prohibit US funds for spent nuclear fuel storage - By Susan Montoya Bryan Associated Press
U.S. senators from New Mexico and Texas are proposing legislation that could affect efforts by private companies to build temporary storage facilities for spent nuclear fuel from commercial power plants around the U.S. as the federal government has yet identify a permanent solution for the radioactive material.
Democrat Martin Heinrich and Republican Ted Cruz on Wednesday introduced legislation to prohibit federal funds from being used to carry out any activities at private interim storage sites.
Federal regulators already granted a license for one facility in West Texas, and New Jersey-based Holtec International is seeking approval from the Nuclear Regulatory Commission to build a separate multibillion-dollar facility near the state line in southeastern New Mexico.
Heinrich, New Mexico Gov. Michelle Lujan Grisham, Texas Gov. Greg Abbott and others have been vocal about their opposition to interim storage, saying their states stand to become a permanent dumping ground.
"That is not something my state is signed up for," Heinrich said in a statement.
Cruz said that while nuclear power is a reliable way to help meet growing energy demands, communities in Texas have concerns.
Until a permanent repository is built, the federal government will continue to be responsible for the costs incurred by the owners of commercial reactors for storing the spent fuel at sites around the country. That liability has been estimated by independent federal auditors at more than $30 billion.
The Government Accountability Office in its report issued last fall stated that congressional action was needed to break an impasse and develop a permanent solution for spent nuclear fuel.
The auditors reported that about 86,000 metric tons of spent fuel is stored at 75 operating or shutdown nuclear power plants in 33 states and that the amount grows by about 2,000 metric tons each year.
The legislation would require the U.S. Energy Department to submit a report on possible locations or a description of a possible siting process for future federal interim storage facilities and repositories.
A companion bill also was being introduced in the U.S. House by Reps. Teresa Leger Fernández of New Mexico and August Pfluger of Texas.
Some nuclear watchdogs have argued that it would be safer to keep the material at the reactor sites rather than shipping it cross-country for temporary storage and then transporting it again if and when a permanent disposal site is created.
Officials with Holtec have argued that the operation would be safe, noting that multilayered transportation casks made of steel and lead would hold the spent fuel and they would be guarded.
The company did not immediately respond to questions about the proposed legislation.
New Mexico lowers cap in interest rates for storefront loans - Associated Press
Gov. Michelle Lujan Grisham has signed legislation aimed at underwriting loans to local start-up companies with taxpayer dollars and a consumer protection bill that lowers the maximum interest rate on storefront installment loans of $10,000 or less.
The governor on Tuesday signed legislation that allows the state to dedicate $50 million to future investments in New Mexico-based venture capital projects that can be risky for investors but have the potential for above-average returns.
The bill from Democratic legislators including Reps. Javier Martínez of Albuquerque and Linda Serrato of Santa Fe responds to concerns about the New Mexico's ability to retain and attract businesses in early stages of development.
The governor also signed legislation that lowers the maximum interest rate on storefront loans from to 36%, down from 175%, with some exceptions for loans of $500 or less.
The bill from legislators including Democratic Rep. Susan Herrera of Embudo also doubles the maximum size of storefront installment loans to $10,000.
Supporters say new restrictions are needed to ensure borrowers don't fall into vicious cycles of debt that contribute to poverty in New Mexico. The new loan restrictions take effect Jan. 1, 2023.
Lujan Grisham, a Democrat seeking reelection in November, has until March 9 to sign legislation including a proposed $8.5 billion state general fund spending plan for the fiscal year starting July 1. Leftover bills are automatically vetoed. | https://www.kunm.org/kunm-news-update/2022-03-03/thurs-police-name-new-mexico-officer-who-died-in-chase-of-suspected-kidnapper-more | 2022-03-03T13:46:27 | en | 0.968881 |
Looking for transporting them to western part Ukraine: MEA on Indians who are in Pesochyn after leaving Kharkiv.
- Country:
- India
Looking for transporting them to western part Ukraine: MEA on Indians who are in Pesochyn after leaving Kharkiv.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Blinken discusses Ukraine crisis with visiting Albanian Prime Minister
FOREX-Euro pauses rally but holds steady as traders eye Ukraine tensions | https://www.devdiscourse.com/article/Newsalert/1947106-looking-for-transporting-them-to-western-part-ukraine-mea-on-indians-who-are-in-pesochyn-after-leaving-kharkiv | 2022-03-03T13:46:29 | en | 0.902635 |
We estimate that a few hundred Indians are still in Kharkiv despite our advisory: MEA.
- Country:
- India
We estimate that a few hundred Indians are still in Kharkiv despite our advisory: MEA.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
Advertisement | https://www.devdiscourse.com/article/Newsalert/1947108-we-estimate-that-a-few-hundred-indians-are-still-in-kharkiv-despite-our-advisory-mea | 2022-03-03T13:46:37 | en | 0.967898 |
We are in touch with Ukrainian and Russian authorities on evacuating Indians from Kharkiv and Sumy: MEA.
- Country:
- India
We are in touch with Ukrainian and Russian authorities on evacuating Indians from Kharkiv and Sumy: MEA.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Parliamentary panel expresses concern for Indians in Ukraine, asks Centre to prioritize their safe return
Ukrainian security official suspects Russia behind cyber attacks on military and banks
Par panel likely to discuss issue of return of Indians from Ukraine with civil aviation ministry: Sources
MEA sets up control room to help Indians in Ukraine; govt looks at increasing flights | https://www.devdiscourse.com/article/Newsalert/1947117-we-are-in-touch-with-ukrainian-and-russian-authorities-on-evacuating-indians-from-kharkiv-and-sumy-mea | 2022-03-03T13:46:45 | en | 0.929029 |
Vodafone Idea board approves Rs 14,500 cr fundraise: Statement.
- Country:
- India
Vodafone Idea board approves Rs 14,500 cr fundraise: Statement.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Voda Idea to issue equity worth Rs 4,500 cr to promoter entities; another Rs 10,000 cr to be raised via sale of equity or debt.
- Country:
- India
Voda Idea to issue equity worth Rs 4,500 cr to promoter entities; another Rs 10,000 cr to be raised via sale of equity or debt.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
Advertisement | https://www.devdiscourse.com/article/agency-wire/1947060-voda-idea-to-issue-equity-worth-rs-4500-cr-to-promoter-entities-another-rs-10000-cr-to-be-raised-via-sale-of-equity-or-debt | 2022-03-03T13:47:00 | en | 0.911513 |
Johnson Controls appoints Sivakumar Selva Ganapathy as Vice President, OpenBlue India Software Engineering and APAC Solutions
Johnson Controls, the global leader for smart, healthy, and sustainable buildings, today announced the appointment of Sivakumar Selva Ganapathy as vice president, OpenBlue India Software Engineering and APAC Solutions.
- Country:
- India
Mumbai (Maharashtra) [India], March 3 (ANI/BusinessWire India): Johnson Controls, the global leader for smart, healthy, and sustainable buildings, today announced the appointment of Sivakumar Selva Ganapathy as vice president, OpenBlue India Software Engineering and APAC Solutions. Sivakumar will lead the software engineering teams across India, expanding customer solutions through Johnson Controls OpenBlue digital platform. In this role, he will be responsible for the engineering and innovation centers across five campuses in India to drive growth through leadership, innovation and deep understanding of customer needs, collaborating with the company's global business leaders. He will also play a vital role in building a strong franchise, further driving the software technology strategy and creating capabilities for the future growth of the organization.
Sivakumar brings a wealth of experience to his new role in Johnson Controls. A veteran with more than two decades of experience in managing high-performing teams globally, he has successfully delivered solutions that leverage contemporary technologies and platforms, resulting in growth and productivity. Prior to joining Johnson Controls, Sivakumar held various leadership roles at organizations such as Honeywell, where he set up global centers of excellence and worked with multi-site global capability centers in India in their transformation initiatives.
"I am honored to join Johnson Controls at an exciting time of digital transformation and look forward to working closely with the team to help transform from an industrial company to a digital leader for smart, net zero and sustainability solutions. We have a tremendous opportunity to leverage our more than 135 years of expertise in building systems, apply our OpenBlue digital solutions, as well as use the data and insights from these assets to enhance the overall customer experience and outcomes, including energy effiiciency and solutions for decarbonization," said Sivakumar on his new appointment. This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/1946966-johnson-controls-appoints-sivakumar-selva-ganapathy-as-vice-president-openblue-india-software-engineering-and-apac-solutions | 2022-03-03T13:47:07 | en | 0.943889 |
Norway wealth fund's Russian investments are worthless, says CEO
The Russian assets of Norway's $1.3 trillion wealth fund, the world's largest, have become worthless following Russia's invasion of Ukraine and selling them as instructed by the government will take time, the fund's CEO said on Thursday. The fund held investments in Russia worth some 27 billion crowns ($3.0 billion) at the end of 2021, equivalent to 0.2% of its total value, and down from 30 billion crowns a year earlier.
- Country:
- Norway
The Russian assets of Norway's $1.3 trillion wealth fund, the world's largest, have become worthless following Russia's invasion of Ukraine and selling them as instructed by the government will take time, the fund's CEO said on Thursday.
The fund held investments in Russia worth some 27 billion crowns ($3.0 billion) at the end of 2021, equivalent to 0.2% of its total value, and down from 30 billion crowns a year earlier. As of March 2, they were likely worth 2.5 billion crowns, CEO Nicolai Tangen told a news conference on Thursday, noting their exact value was "highly uncertain" given the Moscow bourse has been shut since Monday.
"They are pretty much written off," Tangen later told Reuters. The fund's Russian assets consisted of shares in 51 companies at the end of 2021. The most valuable stakes were in gas producer Gazprom, bank Sberbank and oil firm Lukoil, which together accounted for two-thirds of the total.
All the investments were inequities, with 80% of them listed on the Moscow stock exchange, 18% in London, and 0.6% in New York, a fund spokesperson told Reuters. On the morning of the invasion, on Feb. 24, the fund's leadership had an investment meeting and "decided to do very little". "We did not freeze the activity but the net activity was very little," Tangen said.
MUST SELL On Sunday the Norwegian government ordered the fund to first freeze, and then divest its Russian assets. The ban also includes Russian stocks listed in London and New York, Tangen said.
The fund said divesting would take time as it was unclear when the Moscow bourse would reopen and how trading would work. The fund also needs to ensure it does not sell to individuals under international sanctions. "So we don't know what the plan will look like," said Tangen.
More broadly, the war in Ukraine was "amplifying" the risk on financial markets, he said. "It has an inflationary effect and we see that through energy, food, other raw materials coming from that part of the world and we are seeing it in economic growth. All things being equal, (we see) lower economic growth," said Tangen.
"For companies, the risk is more on the supply chain, with problems ... that could have an effect. We are seeing some car production closed down as a result of this, but that is relatively small (so far). "(Overall) this is all negative for globalization."
Investing the state's revenues from oil and gas production and managed by a unit of Norway's central bank, the fund is one of the world's largest investors, investing its cash in equities, bonds, real estate, and renewable energy projects. The fund's value stood at 12.3 trillion crowns at the end of 2021, equivalent to $257,000 for every Norwegian man, woman, and child.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Winter Olympics: Russian skater Kamila Valieva burst into tears after return at Beijing 2022 amid doping scandal | https://www.devdiscourse.com/article/business/1946969-norway-wealth-funds-russian-investments-are-worthless-says-ceo | 2022-03-03T13:47:15 | en | 0.976314 |
Ananya Panday is currently basking in the success of her recently released film 'Gehraiyaan' that also starred Deepika Padukone and Siddhant Chaturvedi in the leading roles. The actress is still in a celebratory mood as she dropped beautiful pictures from Udaipur, called the city of lakes, on her social media on Thursday, March 3.
Taking to her Instagram handle, the 'Student of the Year 2' actress shared mesmering pictures from her Udaipur vacation that showcases her enjoying beautiful sunsets sitting in a boat and the picturesque lakes from the Rajasthan city. The other photos and videos give a sneak peek of traditional dance, music, and forts, perfectly capturing the culture and beauty of Udaipur.
She captioned her carousel as "Missing the magic of Udaipur" along with a heart emoji. Her fans were also left stunned seeing the photos as they dropped red hearts and eyes filled with hearts emoji in the comments section.
Recently, the actress made headlines when she talked about her rumoured boyfriend-actor Ishaan Khatter, with whom she has been spotted on several occasions. Ananya was answering fan questions in a recent interaction with Bollywood Bubble when one of the questions stumped her. A fan wanted to know if she is single. In response, Ananya pretended that she did not hear the question first. "I can't hear this question," Ananya said, before adding later "I am happy."
READ | Ananya Panday reacts to fan's question about her relationship status, calls Ishaan Khatter her favourite co-star
Meanwhile, on the work-front, Ananya is gearing up for her upcoming sports-drama 'Liger', which marks the Hindi film debut of Telugu superstar Vijay Deverakonda. The film, scheduled to release o August 25 this year, also marks the Indian cinema debut of boxing legend Mark Tyson. Ananya also has 'Kho Gaye Hum Kahan' alongside Siddhant Chaturvedi and 'The White Tiger' fame Adarsh Gourav in her kitty. | https://www.dnaindia.com/bollywood/report-ananya-panday-drops-stunning-photos-from-udaipur-vacation-see-viral-pics-ishaan-khatter-2937382 | 2022-03-03T13:47:21 | en | 0.964597 |
'Kabhi Eid Kabhi Diwali' starring Salman Khan and Pooja Hege in the lead roles will be released on the birthday weekend of the 'Sultan' actor. The film will be directed by Farhad Samji and produced by Sajid Nadiadwala under his banner Nadiadwala Grandson.
Taking to its Instagram handle, the production company shared a photo of Salman Khan will Sajid Nadiadwala and announced the release date. It captioned the picture as, "Celebrate #KabhiEidKabhiDiwali on New Year with @beingsalmankhan & #SajidNadiadwala directed by @farhadsamji Releasing in cinemas on 30th December 2022." Khan celebrates his birthday on December 27.
Recently, Pooja joined Khan's 'Dabangg Reloaded' tour Dubai, and the 'Bharat' actor was all praised for her determination on the stage. While having a conversation with Bollywood Hungama, Khan acknowledged their chemistry during the performance and happily shared that they will be sharing the big screen soon. "She was really good at the stage. I think this was her first time...her first performance, and she was really good...and we're going to do 'Kabhi Eid Kabhi Diwali,' Khan asserted.
READ | Salman Khan praises Pooja Hegde, talks about 'Kabhi Eid Kabhi Diwali'
Meanwhile, Salman Khan also has the third installment of the Tiger franchise in his kitty. The Yash Raj Films' action entertainer also stars Katrina Kaif and is being helmed by Maneesh Sharma. The first film 'Ek Tha Tiger' was directed by Kabir Khan, whereas the second film 'Tiger Zinda Hai' was directed by Ali Abbas Zafar. The two actors, Khan and Kaif, recently were spotted shooting for the film in Delhi-NCR.
On the other hand, Pooja Hegde will soon be seen romancing the 'Baahubali' actor Prabhas in the upcoming science-fiction romance drama 'Radhe Shyam', scheduled to release on March 11. She also has Rohit Shetty's 'Cirkus' in her kitty that pairs her opposite Ranveer Singh. | https://www.dnaindia.com/bollywood/report-salman-khan-pooja-hegde-starrer-kabhi-eid-kabhi-diwali-to-release-on-his-birthday-weekend-locks-this-date-2937367 | 2022-03-03T13:47:22 | en | 0.973695 |
Microfinance sector's contribution to GVA to be 2.7-3.5pc by 2025-26: study
The MFIN-NCAER report points out that during 2018-19, the contribution of the microfinance sector as a whole, to Indias GVA was 2.03 per cent.
- Country:
- India
The impact of the microfinance sector on Gross Value Added (GVA) of the economy is expected to be between 2.7 and 3.5 per cent by 2025-26, according to a study report released on Thursday.
The report, 'Present and Potential Contribution of Microfinance to India's Economy', was prepared jointly by MFIN, an association for microfinance entities, and National Council of Applied Economic Research (NCAER). It presents an analysis of the contribution of microfinance institutions to the overall economy in terms of income or 'Gross Value Added', a measure of the national economic output and employment. The MFIN-NCAER report points out that during 2018-19, the contribution of the microfinance sector as a whole, to India's GVA was 2.03 per cent. The projected contribution of the microfinance sector to overall GVA, including the backward & forward linkages by 2025-26 would be a significant 2.7 per cent in the base case scenario and nearly 3.5 per cent in best case scenario, the report said.
"Though the sector accounts for only a small part of the financial sector, the employment created is estimated to be about 1.28 crore jobs by the sector as a whole and 38.54 lakh jobs by the NBFC-MFIs alone, a significant contribution to the generation of employment," MFIN CEO & Director Alok Misra said "Microfinance has emerged as a major instrument for meeting the needs of lower income households by linking them to the financial resources to meet both productive and critical needs of credit,'' NCAER Director General Poonam Gupta said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/1946971-microfinance-sectors-contribution-to-gva-to-be-27-35pc-by-2025-26-study | 2022-03-03T13:47:23 | en | 0.948827 |
Lijjat Papad is a house hold name in every state across India. But while most of us have enjoyed the traditional snack at least once in our lives, most don’t know about the inspiration success story behind the making of the phenomenal brand that was started by 7 women from their rooftop, with a meagre investment of Rs 80 borrowed for the initial raw material. Sixty years later, it was churning out a mammoth Rs 1,600 crore turnover in 2019, co-owned by 45,000 women (2021) who make 4.8 million papads every day.
The Lijjat Papad story
The brand is run by the women’s worker cooperative called Mahila Griha Udyog Lijjat Papad. Back in 1959, a group of 7 women living in Mumbai’s Girgaum decided to take charge of their lives. Jaswantiben Jamnadas Popat, Parvatiben Ramdas Thodani, Ujamben Narandas Kundalia, Banuben. N Tanna, Laguben Amritlal Gokani, Jayaben V Vithalani and Diwaliben Lukka borrowed seed money of Rs 80 for their business from a social worker called Chhaganlal Karamsi Parekh. With the money they both raw materials and took over a papad making business which was badly failing.
The women started out with 4 packets on the first day and sold papads worth a little over Rs 6,000 in the first year. In 1962, the brand name ‘Lijjat’ was adopted after being chosen from a cash prize contest. Sales at the time were nearing Rs 2 lakh.
Slowly they grew from few hundreds to thousands of women who made the product and earned as a co-owner. Propelled by regional media coverage, the brand grew in a six-decade history to empowering over 42,000 women by 2002, and 45,000 by 2021. The enterprise has 82 branches and also exports overseas to countries like the US and Singapore. It also makes other products like detergent soap and rotis.
Last year in November, Lijjat Papad enterprise’s 90-year-old co-founder Jaswantiben Jamnadas Popat was awarded the prestigious Padma Shri award by President Ram Nath Kovind.
President Kovind presents Padma Shri to Smt. Jaswantiben Jamnadas Popat for Trade and Industry. She is one of the founders of Shri Mahila Griha Udyog Lijjat Papad, a women’s worker cooperative involved in the manufacturing of various fast-moving consumer goods. pic.twitter.com/tfdK7Et0ax — President of India (@rashtrapatibhvn) November 9, 2021
How the enterprise empowers women.
Every woman member of the Lijjat Papad enterprise earns according to their capacity of making papads and position in the organisation. Some women with the enterprise earn more than their husbands, The organisation’s president Swati Ravindra Paradkar was quoted last year.
The organisation recruits men only as drivers, shop assistants and helpers. structure is such that the people who roll the papad grow to manage. Their president Paradkar is herself a second-generation co-owner who started rolling papads with her mother at a young age after losing her father at the age of 10. “Some of our women earn more than their husbands -- and their families respect them for it,” she said last year. | https://www.dnaindia.com/business/report-from-rs-80-to-rs-1600-crore-the-inspiring-success-story-of-lijjat-papad-driven-by-45000-women-2937389 | 2022-03-03T13:47:23 | en | 0.965641 |
The tensions between Ukraine and Russia are increasing with each passing day, with a massive impact on the economy of both nations. As the Russian military crossed the Ukrainian border one week back, the West decided to retaliate by harming the country’s economy.
The European Union, United States, and the United Kingdom decided to impose strict economical sanctions on Russia, targeting its politicians, banks, and trade. This has had a severe impact on the economy of the country, while it remains in the midst of a conflict with Ukraine.
The impact of war on the Russian economy has led to the massive downfall of the Russian currency, which is the Ruble. According to reports, the Russian Ruble has dropped nearly 30 percent over the last week against the US dollar and the Indian rupee.
The international sanctions imposed on the country include a major hamper on its trade and cutting off some of the Russian banks from the SWIFT international payment system. Russia has also been restricted from using its massive foreign country reserve.
As per the official exchange rates, one Russian ruble is currently equal to 0.70 Indian rupees or 70 paise. On March 2, the ruble was worth 0.84 paise, but a steep decline was noted in the span of 24 hours. Before the Ukraine crisis, the Russian ruble and Indian rupee had the same value.
Further, the ruble has also fallen sharply as compared to the US dollar. According to the latest exchange rates, one Russian ruble is equal to 0.0088 US dollar, which makes it worth less than a cent in the country, impacting its economy harshly.
The drop in the value of the ruble could lead to massive inflation in Russia, causing strain across the Russian financial system and impacting the stock market heavily. Inflation will also mean that daily necessities will soar in prices, stretching the budget of the common man.
This could also mean that import and export could face a hiccup in the country, leading to a supply-chain issue. Foreign travel could become massively expensive and the quality of life for an average Russian will drop, as per economic experts. | https://www.dnaindia.com/business/report-russian-ruble-vs-indian-rupee-know-how-the-currency-plummeted-amid-ukraine-crisis-2937372 | 2022-03-03T13:47:25 | en | 0.97168 |
Two dead, 14 hurt as bus falls into gorge in Himachal's Mandi district
- Country:
- India
Two persons were killed and 14 others sustained injuries as a Himachal Road Transport Corporation bus fell into a gorge in Mandi district on Thursday, police said.
The accident took place at Jhir village of Sarkaghat sub division, Mandi Superintendent of Police Shalini Agnihotri said.
The injured were taken to a nearby hospital for their treatment, she added.PTI DJI RCJ RCJ
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Mandi
Advertisement | https://www.devdiscourse.com/article/business/1946972-two-dead-14-hurt-as-bus-falls-into-gorge-in-himachals-mandi-district | 2022-03-03T13:47:30 | en | 0.976052 |
Cong flirting with soft Hindutva, not strong to take on BJP: CPI(M) leader Yechury
- Country:
- India
The Congress party's ''flirting with soft Hindutva'' has only made it weaker as compared to the past and therefore, it is in no position to take on the BJP and RSS and remove them from controlling the government, CPI(M) general secretary Sitaram Yechury said on Thursday.
Speaking to the media during the third day of the four-day long party state conference at Ernakulam, Yechury said it is the Left alone which is presently able to ''ideologically, politically and organisationally take on the challenge posed by the Hindutva forces.
''The Hindutva agenda of RSS and BJP can only be defeated by a firm adherence to secularism. Any amount of flirting with soft Hindutva will only feed into the agenda of Hindutva forces and that is what Congress keeps doing.
''In that sense, Congress today, compared to the past, is considerably weakened and many in the BJP and RSS do not see it as a major threat, primarily because at any point of time, any of its leaders can be lured away to join the BJP as is happening many a time,'' he said.
So a weakened Congress would be unable to take on the challenge posed by the Hindutva agenda, he said and added that its compromising attitude will not help remove the BJP from controlling the government.
Therefore, what is required is a strong Left that will be able to bring together all secular groups to take on the Hindutva forces, he further said.
The 4-day state conference of the ruling CPI(M) is being held ahead of its 23rd party congress which is scheduled to take place at Kannur from April 6-10.
Around 450 delegates including observers are taking part in the conference.
On the ongoing Russian invasion of Ukraine, Yechury said the party wants Russian President Vladimir Putin to declare a ceasefire and Ukraine to dismantle its NATO infrastructure and remain a neutral country.
He further said that no patriot would oppose the central government's rescue and evacuation efforts, but supporting it does not mean ''appreciation of the government moves''.
He said that the Indian government wants students to walk out of war-hit Kharkiv to other nearby towns in the freezing temperatures, when they have no food or water and amidst the constant shelling and gunfire.
''You want students to walk in the cold and amidst the shelling to the nearby towns or borders. That is callous and inhuman. The government should get its act together and pull up its socks to ensure all the Indian nationals and students are properly and safely evacuated,'' he said further.
''We have already lost one precious life and that should not be repeated,'' he added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Winter Olympics: Russian skater Kamila Valieva burst into tears after return at Beijing 2022 amid doping scandal
Modi targets AAP at Pathankot rally, calls it photocopy of Congress. | https://www.devdiscourse.com/article/business/1946983-cong-flirting-with-soft-hindutva-not-strong-to-take-on-bjp-cpim-leader-yechury | 2022-03-03T13:47:38 | en | 0.962431 |
CoSoSys launches Advanced Content Detection and Integrations with the Release of Endpoint Protector 5.5.0.0 in India
CoSoSys, a leader in Data Loss Prevention (DLP) and insider threat management, has announced the latest version of its award-winning Endpoint Protector solution in India. The release introduces a host of new features, including Advanced Content Detection, allowing organizations to build even more targeted data protection policies, reduce false positives, and tackle the growing complexity of their hybrid work environments.
- Country:
- India
Mumbai (Maharashtra) [India], March 3 (ANI/NewsVoir): CoSoSys, a leader in Data Loss Prevention (DLP) and insider threat management, has announced the latest version of its award-winning Endpoint Protector solution in India. The release introduces a host of new features, including Advanced Content Detection, allowing organizations to build even more targeted data protection policies, reduce false positives, and tackle the growing complexity of their hybrid work environments. With Advanced Content Detection Rules*, administrators are able to build more powerful policies. In Endpoint Protector 5.5.0.0, it's possible to define complex conditions for content scanning. This includes combining multiple criteria (such as PIIs, dictionary words, and regular expressions) using logical operators (AND/OR) and the ability to apply content detection rules only to specific file types (such as text files, Excel files, and more).
Endpoint Protector v5.5.0.0 also introduces a new integration with Okta SSO* to streamline and automate the process of managing user accounts, credentials, and privileges on third-party systems. "The latest version of Endpoint Protector comes with advanced capabilities to help our customers both strengthen and simplify data security," said Roman Foeckl, CEO and Founder, CoSoSys. "With the new features and integrations, we want to empower businesses to stay ahead of security risks and help them stay productive and focused on their work."
Endpoint Protector 5.5.0.0 also offers the following updates: monitoring webmail for Gmail, the ability to monitor both the subject field and the body content of emails sent using Gmail webmail. Reporting all sensitive information: Beginning with Endpoint Protector 5.5.0.0, administrators have the option of reporting any sensitive data transfers that Content-Aware Protection prohibits. Filip Cotfas, Channel Manager, CoSoSys, elaborated on the company's objectives for the Indian market, saying, "With the launch of the newest version of Endpoint Protector, we seek to empower Indian enterprises as they prepare to go back to offices. We also intend to strengthen our channel partner ecosystem in India by adding more dealers to tap enterprises in the Tier II markets further."
CoSoSys has a strong clientele in India, including prominent businesses in the pharmaceutical and financial services industries. This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/1946986-cososys-launches-advanced-content-detection-and-integrations-with-the-release-of-endpoint-protector-5500-in-india | 2022-03-03T13:47:45 | en | 0.915312 |
Moody's downgrades Russia's ratings to junk
The global rating agency Moody's Investors Service (Moody's) on Thursday downgraded the Government of Russia's long-term issuer (local- and foreign-currency) and senior unsecured (local- and foreign-currency) debt ratings by several notches to B3, a junk status, from Baa3.
- Country:
- India
The global rating agency Moody's Investors Service (Moody's) on Thursday downgraded the Government of Russia's long-term issuer (local- and foreign-currency) and senior unsecured (local- and foreign-currency) debt ratings by several notches to B3, a junk status, from Baa3. "The ratings remain on review for further downgrade," Moody's Investors Service said in a statement.
The multi-notch downgrade of Russia's ratings and maintaining the review for further downgrade were triggered by the severe sanctions that Western countries have imposed on Russia, including the sanctioning of the Central Bank of the Russian Federation (CBR) and some large financial institutions, in response to its military invasion of Ukraine (B3 review for downgrade) and retaliatory measures taken by the Russian authorities. The ongoing review was initially triggered on February 25 by the start of Russia's military invasion of Ukraine.
The downgrade of Russia's ratings to B3 is driven by the following rating factors: Heightened risk of disruption to sovereign debt repayment given the severe and coordinated sanctions and significant concerns around Russia's willingness to service its obligations; and likelihood of a sustained disruption to the economy and financial sector from the sanctions that limit access to Russia's international reserves intended to buffer Russia from adverse shocks. The scope and severity of the sanctions announced to date have gone beyond Moody's initial expectations and will have material credit implications. Severe and coordinated sanctions imposed on Russia together with its retaliatory response in recent days have materially impaired its ability to execute cross-border transactions, including for sovereign debt payments.
Russia's prohibition on transfers of foreign currency outside of the country in response to the sanctions, which appears at this stage not to apply to repayments of legacy debt, undermines Russia's track record of willingness to service its debt and leaves debt servicing flows highly vulnerable to further intervention. Moody's considers willingness to service debt a Governance consideration under its ESG framework. The significant concerns around Russia's willingness to service its debt are a reflection that Russia's institutional strength has very materially weakened with increasing evidence that the executive faces few checks and balances.
This, in conjunction with the higher complexity and technical restrictions that Russia now faces to execute cross-border payments as a result of the sanctions, are commensurate with a sovereign rating no higher than B3. The imposition of severe and co-ordinated sanctions, together with the financial ramifications from the potential delays to sovereign debt repayments, raise the probability of sustained disruption to Russia's economy and the financial sector that impairs access to Russia's financial reserves that were built to withstand adverse shocks.
The review period will allow Moody's to assess the extent of disruptions to forthcoming sovereign debt repayments, the possibility of any workaround and whether investors are likely to incur losses. Moody's will also continue to monitor further indications around Russia's willingness to pay, including the possibility of a further tightening of restrictions on foreign-currency transactions which -- if they were to include legacy debt -- would formally impose a moratorium on debt repayments. Concurrently, Moody's lowered Russia's local- and foreign-currency country ceilings to B2 and B3 from Baa1 and Baa2 respectively. The one-notch gap between the local-currency ceiling and the sovereign ratings at B3 reflects the increasing unpredictability of the government's actions and high political risk following the invasion of Ukraine that could affect all Russian issuers.
The one-notch gap between the foreign-currency ceiling and the local-currency ceiling reflects high transfer and convertibility risks. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/1946988-moodys-downgrades-russias-ratings-to-junk | 2022-03-03T13:47:53 | en | 0.957056 |
Braving shells, Indian students flee Ukraine's Kharkiv on foot
Shells exploded nearby, shaking buildings and sending debris flying around a group of Indian students making a dash out of central Kharkiv on foot after warnings from their government to flee the Ukrainian city hit hard by the Russian invasion. Aditya Narayan Patra, a 21-year-old medical student from eastern India, said he was near the front of the group fleeing on Wednesday when the explosions rang out.
- Country:
- Ukraine
Shells exploded nearby, shaking buildings and sending debris flying around a group of Indian students making a dash out of central Kharkiv on foot after warnings from their government to flee the Ukrainian city hit hard by the Russian invasion.
Aditya Narayan Patra, a 21-year-old medical student from eastern India, said he was near the front of the group fleeing on Wednesday when the explosions rang out. "The bomb fell only around 100 meters from me," Patra told Reuters via phone on Thursday, describing a particularly harrowing moment in the journey that around a thousand students took to reach relative safety on the outskirts of Kharkiv.
One Indian medical student was killed in the area this week, prompting a promise by Moscow to try to organise an urgent evacuation through a "humanitarian corridor," following pressure from New Delhi, an ally. It was not immediately clear whether Russia had any involvement in the escape. The students said Ukrainian soldiers ushered them through. The Indian foreign ministry on Wednesday said it issued two advisories asking students to flee Kharkiv after receiving information from Russia.
Sprinting to save their lives, Patra said some students stumbled but Ukrainian soldiers pushed them to keep moving. "They told us 'run, run, run'," he said.
Before the conflict flared, Indians made up around a quarter of the 76,000 foreign students in Ukraine, the largest number from any overseas country. Patra and another Indian student who fled Kharkiv said that their group - including hundreds of women - was now at one of three safe locations listed by the Indian embassy in Ukraine. Reuters could not immediately establish if more students remained in the city.
"It was full of scary things but we needed to walk for our lives," said Kumar, also from eastern India and who asked to be identified using only a part of his name. 'INDIANS NOT ALLOWED'
After six days in a bunker at the Kharkiv National Medical University hostels, Patra said over a thousand students walked to the city's railway station at dawn on Wednesday, hoping to travel towards Ukraine's western borders. But most Indians were not allowed by locals and railway authorities to board the two trains that pulled into Kharkiv till the afternoon, Patra and Kumar said.
As air-raid sirens rang out soon after, the large crowd at the station scurried for cover at Kharkiv's underground metro stations, they said. Messages from the Indian embassy on social media then appeared on the students' phones, asking them students to leave the city within hours using any means possible.
"The Indian embassy told us to walk, so we walked," said Patra, who had left his hostel with only a backpack with his documents and laptop. Snaking their way out of Kharkiv's city centre amid shelling, Kumar said Ukrainian troops guided the group through multiple checkpoints, till they reached a designated location in the evening.
"Ukraine is not safe at all," said Kumar, "We need to be evacuated as soon as possible."
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Beijing 2022: Russian figure skater Kamila Valieva dominates short program at Winter Olympics | https://www.devdiscourse.com/article/business/1946993-braving-shells-indian-students-flee-ukraines-kharkiv-on-foot | 2022-03-03T13:48:01 | en | 0.972384 |
Jharkhand govt tables over Rs 1 lakh cr budget for FY’23
He added that a growth rate of 8.8 percent is expected in the current fiscal.The budget also focuses on sectors like water, electricity, roads and universal pension.Oraon said on the agriculture front, Rs 836 crore has been transferred to the accounts over 2 lakh farmers under the Jharkhand Agriculture Loan Waiver Scheme.The budget also proposed creation of 12.5 crore man-days in the next fiscal under MNREGA, while it said under the Pradhan Mantri Awas Yojana Rural, the construction work of 10.44 lakh houses has been completed so far.
- Country:
- India
Aiming at fuelling growth, the JMM-led Jharkhand government Thursday unveiled a Rs 1.01-lakh crore budget for the 2022-23 fiscal, with higher spending on sectors like health and infrastructure.
The budget also proposed a massive 59 per cent jump in capital expenditure to Rs 24,827.70 crore.
''... Capital expenditure is essential for the development of the state and in view of this, there is a proposal to increase the capital expenditure by 59 per cent,'' Finance Minister Rameshwar Oraon said in the assembly while presenting the budget.
Revenue expenditure is pegged at Rs 76,273.30 crore.
A fiscal deficit of Rs 11,286.47 crore, is estimated to be 2.81 per cent of the gross state domestic product (GSDP) of the next fiscal, he said.
The budget spending shall be met through the state's Rs 24,850-crore tax revenue, Rs 13,762.84-crore non-tax revenue, Rs 17,405.74-crore central assistance and Rs 27,006.58-crore share in central taxes, besides Rs 18,000-crore public debt, the minister said.
A 27-per cent hike in allocation for the health sector has been proposed, and a 20-per cent increase for drinking water and sanitation.
Oraon said Jharkhand's growth rate was impacted by the COVID-19 pandemic and a decline of 4.7 per cent was registered for 2020-21 as against a slide of 7.3 per cent in GSDP. He added that a growth rate of 8.8 percent is expected in the current fiscal.
The budget also focuses on sectors like water, electricity, roads and universal pension.
Oraon said on the agriculture front, Rs 836 crore has been transferred to the accounts over 2 lakh farmers under the Jharkhand Agriculture Loan Waiver Scheme.
The budget also proposed creation of 12.5 crore man-days in the next fiscal under MNREGA, while it said under the Pradhan Mantri Awas Yojana (Rural), the construction work of 10.44 lakh houses has been completed so far.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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680 migratory birds of nine species spotted in Jharkhand's Patratu Dam | https://www.devdiscourse.com/article/business/1946996-jharkhand-govt-tables-over-rs-1-lakh-cr-budget-for-fy23 | 2022-03-03T13:48:08 | en | 0.937734 |
Axis Bank commits USD 150 mn loan to healthcare sector
- Country:
- India
Axis Bank on Thursday said it has committed a USD 150 million (about Rs 1,140 crore) loan for strengthening the healthcare infrastructure in the country in association with IPE Global, in the aftermath of the pandemic.
The continued threat of new variants has reinforced the need to boost investments and partnerships in the health sector.
Axis Bank has committed to strengthening India's healthcare infrastructure by signing an MoU with IPE Global for the SAMRIDH Healthcare Blended Finance Facility, the bank said in a release.
''Under this partnership, Axis Bank will provide affordable finance of up to USD 150 million through SAMRIDH, to support health enterprises and innovators who would otherwise not have access to affordable debt financing,'' said the country's third largest private sector bank.
It said the ability to access loans will help them increase production and provide advanced health solutions to address COVID-19 along with other health emergencies, especially across the vulnerable communities of India from tier 2 and 3 cities.
SAMRIDH is an initiative supported by the United States Agency for International Development (USAID).
It leverages philanthropic capital and public sector resources, to offset barriers for commercial investments in small and medium health enterprises.
With this, SAMRIDH can scale up market solutions and innovations in the healthcare value chain, Axis Bank said.
Also, it will help supplement the manufacturing and distribution of pharmaceuticals, facility expansion of public and private hospitals, nursing homes, small clinics, laboratories, and warehouses.
''The healthcare segment has been a key focus area for Axis Bank and we have been supporting various entities impacted by the COVID-19 pandemic. Our partnership with SAMRIDH will enable the bank to extend the much-needed debt support to more entities that are working to strengthen India's healthcare infrastructure, in order to deal with the third wave of the pandemic and any other emerging healthcare challenges,'' said Subrat Mohanty, Group Executive – Axis Bank Business Group, Axis Bank.
USAID/India Mission Director Veena Reddy said the private enterprise is a powerful force for lifting lives, strengthening communities, and accelerating sustainable development.
''Increasing access to affordable capital for small enterprises with solutions for greater reach will enable long-term impact. This new partnership between Axis Bank and SAMRIDH will further our joint efforts to provide innovative healthcare solutions to some of the most vulnerable people in India,'' Reddy said.
IPE Global is an international development consultancy group providing expert technical assistance in developing countries.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/1946997-axis-bank-commits-usd-150-mn-loan-to-healthcare-sector | 2022-03-03T13:48:17 | en | 0.937543 |
Govt issues draft rules for displaying fitness certificate, registration mark on vehicles
- Country:
- India
Vehicles will have to display validity of fitness certificate and registration mark in a prescribed manner, as per a draft notification issued by the Ministry of Road Transport and Highways (MoRTH) on Thursday.
The ministry, in a statement, said in case of heavy goods / passenger vehicles, medium goods/passenger vehicles and light motor vehicles, it shall be exhibited on the upper edge of the left side of the windscreen.
In case of auto-rickshaws, e-rickshaws, e-carts and quadricycles too it shall be exhibited on the upper edge of the left side of the windscreen, if fitted.
For motorcycles, it shall be displayed on a conspicuous part of the vehicle.
According to the notification, vehicles will have to display the information in yellow colour on blue background in type Arial bold script.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- the Ministry of Road Transport
- Arial | https://www.devdiscourse.com/article/business/1947007-govt-issues-draft-rules-for-displaying-fitness-certificate-registration-mark-on-vehicles | 2022-03-03T13:48:25 | en | 0.906311 |
Assets of over 90% of re-contesting UP legislators increased in last 5 years: Report
- Country:
- India
Over 90 per cent of the re-contesting legislators in Uttar Pradesh have become richer in the past five years, with BJP candidates showing the highest increase in their assets since 2017, according to a report by a non-government poll watchdog.
The report noted that the average assets of 301 such legislators, which also include independents, was worth Rs 5.68 crores in 2017.
However, according to their 2022 poll affidavits, their average assets increased to reach worth Rs 8.87 crores, it said.
''Out of the 301 re-contesting MLAs/MLCs, assets of 284 MLAs/MLCs (94 per cent) have increased ranging from 0 per cent to 22,057 per cent and assets of 17 MLAs/MLCs (6%) have decreased ranging from -1% to -36%,'' the Association for Democratic Reforms (ADR) and Uttar Pradesh Election Watch (UPEW) said in its latest report.
According to the report, BJP candidate from Rae Bareli Aditi Singh is among the top five candidates in fray whose assets have significantly increased since 2017. The report indicates that her assets have increased by worth Rs 30 crore in five years, from Rs 13.98 lakh in 2017 to Rs 30.98 crore, an increase by a whopping 22,057 per cent.
Singh, who joined the BJP last year, had contested the 2017 Uttar Pradesh polls on a Congress ticket from Rae Bareily and won the seat by a huge margin.
According to the report, the assets of the All India Majlis-E-Ittehadul Muslimeen (AIMIM) candidate from Mubarakpur constituency Shah Alam, popularly known as Guddu Jamali, have increased by Rs 77.09 crore in five years.
In his poll affidavit for 2022 UP assembly polls, the assets declared by the AIMIM leader was worth Rs 195.85 crore. It was Rs 118.76 crores in 2017 as declared by him in poll affidavit for the last assembly polls in the state, according to the report.
The AIMIM candidate is followed by the BJP's Sahender Singh Ramala whose assets have increased by Rs 46.45 crore, from Rs 38.04 crore in 2017 to Rs 84.50 crore in 2022, the report said.
Ramala is contesting assembly polls on a BJP ticket from Chhaprauli constituency. “Assets of Praveen Patel of the BJP from Phulpur constituency have risen by Rs 31.99 crore, from Rs 8.26 crore in 2017 to Rs 40.26 crores in 2022,'' it said. According to the party-wise analysis conducted by the ADR-UPEW, the BJP candidates seeking to be elected for another term this time have together shown the highest increase in their assets in five years. The average assets of 223 such BJP candidates in fray have increased by 59.87 per cent, from Rs 5.27 crore in 2017 to 8.43 crore in 2022, the report indicates.
The BJP is followed by the Samajwadi Party (SP) with its 55 candidates seeking to be elected to the state legislative assembly together showing an average increase in their assets by 46.18 per cent, from Rs 4.60 crore in 2017 to Rs 6.73 crore in 2022, according to the report.
The report has indicated an average increase in the assets of eight BSP candidates seeking another term in the Uttar Pradesh assembly by 47.42 per cent, from Rs 9.82 crore in 2017 to Rs 14.48 crore in 2022. The report indicates the assets of four such Congress candidates have increased by 10.88 percent, from Rs 8.84 crore in 2017 to Rs 9.80 crore in 2022. The ADR-UPEW said its report is based on an analysis of the self-sworn affidavits filed by these legislators for contesting the Uttar Pradesh assembly polls this year and in 2017.
“Financial details of 301 re-contesting MLAs/MLCs fielded by various political parties have been taken from the recently filed affidavits by these MLAs/MLCs and the values of these financial assets have been compared to the corresponding values of the assets that the MLAs/MLCs showed in their affidavits from the previous elections,'' it said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Modi govt working in mission-mode to ensure all Indians are evacuated from Ukraine: Naqvi
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PM Narendra Modi said entire govt machinery working round the clock to ensure all Indians in Ukraine safe and secure: MEA. | https://www.devdiscourse.com/article/business/1947009-assets-of-over-90-of-re-contesting-up-legislators-increased-in-last-5-years-report | 2022-03-03T13:48:33 | en | 0.965902 |
Shyft is focused on allowing pseudonymous entities participating in crypto transactions – such as exchanges, custodial wallets, and brokerage firms – to identify each other and securely share data about their customers, as per the requirements of the Financial Action Task Force (FATF) and its so-called ‘Travel Rule’.
Worldpay will be running some of the federation nodes used by Shyft Network to validate transactions and provide data attribution, but it’s also getting involved in Shyft’s ‘Veriscope’ Travel Rule solution, a smart-contract layer sitting on top of the network.
FATF’s Travel Rule is viewed as the beginnings of a broader decentralised identification architecture, but its first phase, which is being bolstered by the likes of DLA Piper and Worldpay, is essentially about onboarding VASPs.
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Former Ghosn deputy set for U.S. return after suspended sentence
The verdict draws a line under a case that threatened to strain relations between Japan and the United States, its closest ally, over the Japanese justice system's treatment of Kelly who was arrested alongside the former Nissan boss. "The court finds the existence of unpaid remuneration" and the failure to disclose amounted to "false" reporting, the chief judge Kenji Shimotsu said, telling Kelly he was responsible for one of the eight years included in the charges.
- Country:
- Japan
A Tokyo court on Thursday handed former Nissan Motor executive Greg Kelly a six-month suspended sentence for helping Carlos Ghosn hide pay from regulators, paving the way for the American lawyer to return home after more than three years in Japan. The verdict draws a line under a case that threatened to strain relations between Japan and the United States, its closest ally, over the Japanese justice system's treatment of Kelly who was arrested alongside the former Nissan boss.
"The court finds the existence of unpaid remuneration" and the failure to disclose amounted to "false" reporting, the chief judge Kenji Shimotsu said, telling Kelly he was responsible for one of the eight years included in the charges. "I was shocked by the judgment," Kelly said in a statement after the ruling. "The court found me mostly innocent, but I do not understand why it said I was guilty for one of the years," he added.
His lawyers said they will appeal the conviction, which Kelly should be able to do from the United States. Both Kelly and Ghosn - who fled to Lebanon in 2019 hidden in a box on a private jet - allege they are victims of a boardroom coup by former colleagues worried that Ghosn wanted to merge Nissan with alliance partner and largest shareholder Renault SA .
In pointed criticism of the prosecutors, the ruling also pinned blame for Ghosn's alleged failure to disclose $80 million of income over eight years on Toshiaki Ohnuma, a Nissan official overseeing compensation, who was given legal immunity in return for testimony implicating Kelly. "Ohnuma's statement is fraught with danger that he was making statements that conformed to the prosecutors' wishes," Shimotsu said. "There was a danger as an accomplice that he would seek to shift responsibility to Ghosn," he added.
The court also fined Nissan, which pleaded guilty at the start of the trial 18 months ago, 200 million yen ($1.73 million) for its part in the financial wrongdoing and took aim at corporate governance failings. "The dysfunctional governance of the company allowed Ghosn to act in his own self interest. The severe damage to the company's social reputation can only be described as it suffering the consequences," Shimotsu said, describing Ghosn's tenure there as a "dictatorship".
In Beirut, Ghosn described Nissan's fine as "laughable" and said of Shimotsu's comment: "It's like a cartoon comment. I am trying to understand what makes him make this kind of comment when I am not there" He added that Renault was struggling because of Nissan's lack of vision.
'LONG THREE YEARS' Some Western observers criticised the Japanese justice system's treatment of Kelly.
Suspects in Japan are not allowed to have a lawyer present during interrogations and can be detained for up to three weeks without charge and often in solitary confinement. And 99% of cases that go to trial end with a conviction. "While this has been a long three years for the Kelly family, this chapter has come to an end. He and Dee (his wife) can begin their next chapter in Tennessee," U.S. ambassador in Japan Rahm Emanuel said in a statement.
Kelly testified that his only intent was to give Ghosn, who was also the chief executive at Renault, a compensation package that would dissuade him from defecting to a rival automaker. Bill Hagerty, a U.S. Senator from Kelly's home state Tennessee, said he planned to welcome his constituent at the airport.
"Greg has been subjected to circumstances corporate America could never contemplate," Hagerty said. "Greg is innocent of the charges levied against him," he added. The court ruling, however, does not mean an end to legal troubles faced by the former head of Nissan and alliance partner Renault, but it may be the closest the Tokyo court gets to ruling on Ghosn's culpability.
Ghosn is beyond the reach of Japanese prosecutors after while in Lebanon. He is unable to leave without risking arrest. In addition to the charge of hiding his earnings, Ghosn is also accused of enriching himself at his employer's expense through $5 million of payments to a Middle East car dealership, and for temporarily transferring personal investment losses to his former employer's books.
Ghosn has denied all the accusations against him. ($1 = 115.5900 yen)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Shanaka, Nissanka power Sri Lanka to 183/5 against India | https://www.devdiscourse.com/article/business/1947017-former-ghosn-deputy-set-for-us-return-after-suspended-sentence | 2022-03-03T13:48:40 | en | 0.979192 |
By combining Chargebacks911’s dispute and chargeback technology with Microsoft Dynamics 365 Fraud Protection, financial institutions get a package covering both pre-authorisation and post-transaction friendly fraud protection. The solution suite is also available to be white-labelled.
The solution accesses Chargebacks911’s friendly fraud analytics in tandem with Microsoft’s adaptive artificial intelligence technology, which learns fraud patterns and helps merchants to optimise fraud controls, reducing loss in post transaction fraud. With this integrated solution, clients will be provided with a combined data feed allowing augmented decisioning, creating fewer false-positives, and increased transaction acceptance rates.
The core strengths of the Dynamics 365 and Chargebacks911 fraud detection platform include the acceptance rate improvement of omnichannel transactions, safeguarding users from abuse and fraud by preventing fake account creation and takeover, identification of anomalies and potential fraud returns and discounts, data insights and feedback, accessible ML and AI enabled tools, and increased automation with end-to-end accountability.
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Domestic aviation industry may report Rs 26,000-cr loss this fiscal: ICRA
- Country:
- India
The domestic aviation industry is expected to report a net loss of Rs 25,000-26,000 crore this fiscal with elevated jet fuel prices and fare caps continuing to pose a major challenge for the airlines' profitability, domestic rating agency ICRA Ltd said on Thursday.
The domestic airlines, however, are likely to post a reduced net loss of Rs 14,000-16,000 crore in the next financial year on the back of a ''notable recovery'' in air passenger traffic and lower level of debt, ICRA said.
The ratings agency also estimates that the industry will require an additional funding in the range of Rs 20,000-22,000 crore during FY22-FY24.
ICRA said it expects domestic air passenger traffic to witness a strong y-o-y growth of 50-55 per cent in 2021-22 supported by the fast pace of vaccination and gradual relaxations in restrictions by the regulatory authorities.
However, this recovery will be on a much lower base of FY2021, it said.
It added that this will be significantly lower than the pre-COVID-19 levels, given that the recovery to pre-COVID-19 levels is expected by FY2024.
''With the onset of the second wave of the pandemic and the later emergence of the Omicron variant, the recovery in passenger traffic remained gradual in the current fiscal.
''Further, elevated aviation turbine fuel (ATF) prices, (which were 68 per cent higher year-on-year basis in 11 months of the ongoing fiscal FY2022) and continued fare caps continue to pose a major challenge for the profitability of the airlines,'' Suprio Banerjee, vice-president and sector head of ICRA Ltd, said.
Therefore, the Indian aviation industry is expected to report ''a net loss of Rs 250-260 billion (Rs 25,000-Rs 26,000 crore) in FY2022'' as per earlier estimates of ICRA, he said.
However, the expected commencement of scheduled international operations and the waning 'Omicron' wave will result in a notable recovery in passenger traffic in FY2023, said Banerjee.
''Coupled with lower debt levels, estimated to reduce to around Rs 1,000 billion (including lease liabilities) in FY2022 driven by a notable reduction in debt levels in Air India Ltd before the stake sale, the net losses are likely to reduce to around 140-160 billion in FY2023,'' he said.
This is even though airlines will have to pay much higher fuel bills in FY2023, owing to a sharp rise in crude oil prices amid rising geopolitical development surrounding the Russia-Ukraine conflict, Banerjee added.
While debt reduction in FY2022 is largely driven by a notable reduction in the debt level in Air India Ltd before its stake sale, ICRA said, it continues to maintain its negative credit outlook on the Indian aviation industry. This is given the elevated ATF prices, overhang of the recent COVID-19 wave and continued suspension of scheduled international travel.
The recovery in domestic air passenger traffic is expected to be supported by pent-up demand in the leisure travel segment and gradual recovery in business travel as corporate offices move towards the resumption phase, after the third wave, ICRA said.
The impact of the pandemic has been more profound and long-lasting on international travel, compared to domestic travel, with scheduled international operations still under suspension, it stated.
In the near term, the balance sheets of Indian carriers will remain stressed until the carriers are able to reduce their debt burden through a combination of improvement in operating performance and/ or through equity infusion, according to the rating agency.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/1947022-domestic-aviation-industry-may-report-rs-26000-cr-loss-this-fiscal-icra | 2022-03-03T13:48:49 | en | 0.955248 |
Through this new partnership, Mazars will use Ideagen’s audit management software, Pentana Audit, to deliver integrated internal audit services to its clients in the Qatar region.
Ideagen’s technology helps customers embed intelligence in processes, advance quality, improve processes, and reduce risks, providing them with live and accurate information to help them make the right decisions at the right time.
Ideagen’s quality, audit, risk, and collaboration software solutions are already used by more than 7,000 regulated customers across multiple industries such as aviation, financial services, life-sciences, healthcare, and manufacturing with operations throughout the UK, US, Australia, Europe, Middle East, and South-East Asia.
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Dmitry Nikolaev - stock.adobe.co
Post Office warned of software flaw in 2006, but failed to alert subpostmaster network
The Post Office and Fujitsu failed to alert subpostmasters to a software error that caused them to be wrongly blamed for accounting shortfalls
At a time when the Post Office was blaming and prosecuting subpostmasters for unexplained account shortfalls, it was warned about a software bug that caused them, but failed to inform users.
The Post Office Horizon IT inquiry was this week told how in 2006 a tech-savvy subpostmaster exposed a bug in the Post Office’s Horizon system, but was ignored.
Computer science graduate Mark Kelly told the public inquiry that he discovered the bug in the controversial system in 2006, while running his Post Office branch in Swansea.
After discovering the flaw, Kelly said he raised it with the Post Office and Horizon supplier Fujitsu, but no action was taken.
The revelation made during the victim hearings in the public inquiry sheds light on the lengths the Post Office went to in order to protect its false claim that the Horizon system was robust. It also reveals the Post Office’s fears of bugs being exposed and its negligence.
Former subpostmasters were wrongly prosecuted for fraud and theft as a result of errors.
The Horizon computer system from Fujitsu was introduced in 1999 to replace manual, paper-based accounting practices in Post Office branches.
Convictions
Between 2000 and 2015, 736 subpostmasters were prosecuted by the Post Office, with many convicted and sent to prison. In the years from 2005 to 2010, about 300 were prosecuted.
In 2006, Kelly, who studied his Computer Science degree at Cardiff University, was having balancing problems in his branch, so to get to the bottom of it, he began using a system which would create a balance in parallel with the Horizon system.
The MS DOS based system, created by subpostmaster Richard Jackson, could be used to process all transactions alongside Horizon. This system had been used by some subpostmasters before Horizon’s introduction and some, unsure about the new software, continued to use it alongside it. This double entry process allowed Kelly to find differences between the two systems.
He discovered that when he sold smart stamps, non-physical stamps only created there and then, to a customer using a debit card, other items would double up on the till screen, known as “the stack”. It would show two items sold, but only one would have been sold. This would leave the cash short.
Kelly told his Post Office area manager about the bug and explained it to the helpline. He also told a couple of other subpostmasters, one of which called the helpline reporting the bug. This reported problem then went up a level to Fujitsu and the company contacted Kelly.
He told the public inquiry: “I contacted the Post Office help desk and reported it. I also contacted a couple of other [Post] Offices I know to see if they [did] the same step [it] would cause the same problem, and they have confirmed it did.
“The Post Office then later on referred it to a third level, which was Fujitsu, who called me up and said, ‘We managed to replicate the bug. We know about it’.”
No warning
At the time, he asked Fujitsu if it was going to warn the subpostmaster network. But he said they said, ‘No, we won’t do that. We’ll just let it carry on’.”
At the time, there was no widespread national report of Horizon’s problems because all subpostmasters that experienced them were told no other subpostmaster was. But Kelly wanted to share the bug with others. His contract was terminated in July 2006, when a Post Office audit alleged a £13,000 accounting shortfall.
It was 2009 when a Computer Weekly investigation revealed that subpostmasters were suffering unexplained losses, which they blamed on the Horizon system. (See timeline of Computer Weekly articles on the scandal below).
When questioned, during Computer Weekly’s investigations for over a decade, the Post Office always said that there were no Horizon errors that could lead to unexplained account shortfalls that subpostmasters were held responsible for. This changed after a High Court litigation in 2019 proved otherwise.
There are more examples of the Post Office keeping a lid on problems with the Horizon system. In 2015, when, working with the Communication Workers Union, Computer Weekly revealed a bug that could cause unexplained losses, a leaked email for the IT support team said they were aware of the bug, but a fix was not planned for another three months.
The subpostmaster network was not informed by the Post Office. In an email in November that year, an IT support worker wrote to a subpostmaster that it was a process issue that would require a code change, from Fujitsu, to stop it happening again across the network. The email said the code change was planned for March 2016.
“The ability for this to occur can be addressed by a code change that will avoid further instances of this across the estate,” said the email. “The code will be developed by Fujitsu and deployed in March 2016.”
Dalmellington
This software fault, known as the Dalmellington error, featured in the Group Litigation Order fought in the High court between 555 subpostmasters and the Post Office, which the subpostmasters won.
Kelly, who gave evidence to the public inquiry this week in Cardiff, said he suffers from extreme guilt because he fears some of the Horizon scandal victims might have suffered losses due to the bug he discovered.
“When I saw all the stories about subpostmasters being blamed and even sent to jail, I started to suffer from anxiety and depression because I started thinking it could be this bug that sent them to prison. I felt guilty that I had not warned everybody.
Also telling her story to the inquiry in Cardiff was Sarah Osolinski, the former subpostmaster at a Branch in Newport, Wales. The experienced former bank worker kept records of unexplained losses that she repaid for two years. When she told the NFSP rep, she said she was told: “Don’t say anything or they will shut you down straight away.”
The Post Office said: “Post Office is openly and transparently assisting the Inquiry in its important work to determine what went wrong in the past and to provide, as much as possible, closure for those affected.”
Timeline of the Post Office Horizon articles since Computer Weekly first reported on it in 2009
- May 2009: Bankruptcy, prosecution and disrupted livelihoods – postmasters tell their story.
- September 2009: Postmasters form action group after accounts shortfall.
- November 2009: Post Office theft case deferred over IT questions.
- May 2010: A pilot of the new Horizon Online system at Royal Mail has been scaled back after connectivity problems and outages.
- February 2011: Post Office faces legal action over alleged accounting system failures.
- October 2011: 85 subpostmasters seek legal support in claims against Post Office computer system.
- June 2012: Post Office launches external review of system at centre of legal disputes.
- January 2013: Post Office admits Horizon system needs more investigation.
- January 2013: Post Office announces amnesty for Horizon evidence.
- January 2013: Post Office wants to get to bottom of IT system allegations.
- June 2013: Investigation into Post Office accounting system to drill down on strongest cases.
- July 2013: Post Office Horizon system investigation reveals concerns.
- October 2013: End in sight for subpostmaster claims against Post Office’s Horizon accounting system.
- October 2013: Former Lord Justice of Appeal Hooper joins Post Office Horizon investigation.
- November 2013: 150 subpostmasters file claims over “faulty” Horizon accounting system.
- September 2014: Fresh questions raised over Post Office IT system’s role in fraud cases.
- December 2014: MPs blast Post Office over IT system investigation and remove backing.
- December 2014: Why MPs lost faith in the Post Office’s IT investigation, but vowed to fight on.
- December 2014: MPs to debate subpostmaster IT injustice claims.
- December 2014: MP accuses Post Office of acting “duplicitously” in IT investigation.
- January 2015: MPs force inquiry into Post Office subpostmaster mediation scheme.
- January 2015: Post Office faces grilling by MPs over Horizon accounting system.
- February 2015: Post Office CIO will talk to any subpostmaster about IT problems, promises CEO.
- March 2015: Post Office ends working group for IT system investigation day before potentially damaging report.
- March 2015: MPs seek reassurance over Post Office mediation scheme.
- March 2015: Retiring MP aims to uncover truth of alleged Post Office computer system problems.
- April 2015: Post Office failed to investigate account shortfalls before legal action, report claims.
- April 2015: Criminal Courts Review Commission set to review subpostmasters’ claims of wrongful prosecution.
- May 2015: IT system related to subpostmaster prosecutions under review by CCRC.
- June 2015: Post Office looking to replace controversial Horizon system with IBM, says MP.
- July 2015: Campaigners call for independent inquiry into Post Office Horizon IT system dispute.
- October 2015: James Arbuthnot takes Post Office IT fight to House of Lords.
- November 2015: The union that represents Post Office subpostmasters has warned of a problem with the Horizon accounting system.
- November 2015: An email from Post Office IT support reveals a problem with the Horizon system and supporting processes that could lead to accounting errors.
- November 2015: Group litigation against Post Office being prepared in Horizon dispute.
- February 2016: Post Office faces group litigation over Horizon IT as subpostmasters fund class action.
- June 2016: Post Office chairman Tim Parker says there would be “considerable risk” associated with changing its Horizon computer system.
- November 2016: The legal team hired by a group of subpostmasters will take their case to the next stage.
- January 2017: The group action against the Post Office that alleges subpostmasters have been wrongly punished for accounting errors gets green light from the High Court of Justice.
- March 2017: 1,000 subpostmasters apply to join IT-related group litigation against Post Office.
- April 2017: Investigation into claims of miscarriages of justice in relation to a Post Office accounting system has appointed a forensic accountant firm.
- May 2017: Hundreds of subpostmasters have applied to join IT-related legal action since March.
- July 2017: Post Office defence in computer system legal case due this week.
- August 2017: Campaigners submit initial evidence in group litigation against Post Office over controversial Horizon IT system.
- October 2017: Subpostmasters’ group action against the Post Office reaches an important milestone.
- November 2017: An end is in sight for subpostmasters’ campaign against alleged wrongful prosecution, which they blame on a faulty computer system.
- November 2017: The High Court judge managing the subpostmasters versus Post Office legal case over an allegedly faulty computer system tells legal teams to cooperate.
- January 2018: Forensic investigation into Post Office IT system at centre of legal case nears completion.
- April 2018: Criminal Cases Review Commission forensic examination of the IT system at the centre of a legal case against the Post Office has raised further questions.
- May 2018: Post Office branches unable to connect to Horizon computer system for several hours after morning opening time.
- October 2018: After over a decade of controversy, next week marks the beginning of a court battle between subpostmasters and the Post Office.
- November 2018: Case against Post Office in relation to allegedly faulty computer system begins in High Court.
- November 2018: High Court case in which subpostmasters are suing the Post Office has revealed a known problem with a computer system at the core of the dispute.
- November 2018: A High Court trial, where subpostmasters are suing the Post Office for damages caused by an allegedly faulty IT system, ends second week.
- November 2018: Post Office director admits to Horizon errors and not sharing details with subpostmaster network.
- November 2018: The High Court trial in which subpostmasters are suing the Post Office has reached an important stage.
- December 2018: CCRC may hold off subpostmaster decision until after Post Office Horizon trial.
- December 2018: Court case where subpostmasters are suing the Post Office set to span at least four trials and extend into 2020.
- January 2019: Subpostmasters’ campaign group attacks Post Office CEO Paula Vennells’ New Year honour amid ongoing court case.
- January 2019: Thousands of known errors on controversial Post Office computer system to be revealed.
- March 2019: Tech under spotlight at High Court in second subpostmasters versus Post Office trial.
- March 2019: Post Office considered Horizon IT system “high-risk”, court told.
- March 2019: CCRC watching Post Office Horizon trial closely.
- March 2019: Judge rules that Post Office showed “oppressive behaviour” in response to claimants accused of accounting errors they blamed on Horizon IT system.
- March 2019: Post Office “lacked humanity” in the treatment of subpostmasters, says peer.
- March 2019: A High Court judge heard that the Post Office did not investigate a computer system error that could cause losses, despite being offered evidence.
- March 2019: The Post Office legal team in the case brought by more than 500 subpostmasters has called for the judge to be recused after questioning his impartiality.
- March 2019: A senior civil servant asked the Post Office to repay public money it had wrongly allocated to paying legal costs.
- April 2019: Subpostmaster claimants’ legal team makes application for the Post Office to pay millions of pounds of costs associated with trial.
- April 2019: Post Office to appeal judgment from first Horizon trial.
- April 2019: The Post Office’s claim that the judge overseeing the case concerning its controversial Horizon IT system was biased has been dismissed.
- April 2019: MP questions government over Post Office Horizon case.
- April 2019: Government says no conflict of interest in trial despite Post Office chairman’s dual role.
- May 2019: The Court of Appeal has refused the Post Office’s application to appeal a major decision in the Horizon IT trial.
- May 2019: The Post Office has applied for permission to appeal judgments from the first trial in its IT-related legal battle with subpostmasters.
- May 2019: The judge in the Post Office Horizon trial has ordered the organisation to pay the legal costs of its courtroom adversaries, and refused to give permission to appeal a major judgment.
- June 2019: Post Office asks Court of Appeal for permission to appeal judgment in first Horizon trial.
- July 2019: The Post Office has admitted that some subpostmasters are at risk of accounts not balancing due to an error it does not understand.
- July 2019: Problem revealed during High Court trial left subpostmaster with £18,000 surplus after IT system failed to register full amount of cash scanned in.
- August 2019: Subpostmasters suffering slow running and frozen terminals while Post Office searches for a fix to issues apparently caused by a software update.
- August 2019: The Post Office has fixed the latest problems with its Horizon system, affecting hundreds of branches.
- October 2019: A High Court judgment for a trial that focused on the Post Office’s IT system at the centre of a multimillion-pound litigation will be announced early next month.
- November 2019: The Court of Appeal has rejected a Post Office application to appeal judgments made in its multimillion-pound battle with subpostmasters over IT system failures.
- November 2019: Peer calls for clear-out of Post Office board after Court of Appeal confirms major court defeat.
- December 2019: The Post Office has settled its long-running legal dispute with subpostmasters, and will pay £57.75m in damages.
- December 2019: Subpostmansters ended their legal battle with the Post Office at the optimal time, according to the lawyer that managed the High Court action.
- December 2019: Subpostmansters proved right on IT system failures as calls for full public inquiry mount.
- December 2019: Criminal Courts Review Commission to review Horizon judgment “swiftly”.
- December 2019: National Federation of Subpostmasters cries foul after court ruling on controversial computer system.
- December 2019: Former Post Office CEO apologises to subpostmasters over Horizon scandal.
- December 2019: Call for former Post Office CEO to step down from public roles after IT court battle lost.
- January 2020: Fujitsu must face scrutiny following Post Office Horizon trial judgment.
- January 2020: Subpostmaster group calls for government to pay legal costs for Horizon trial.
- January 2020: Why subpostmasters are calling on the government to pay Horizon trial costs.
- January 2020: Department for Business, Energy & Industrial Strategy says it did not make decisions in the Post Office’s recent court battle.
- January 2020: Government should not be allowed to dismiss subpostmasters’ claims over Horizon IT scandal.
- January 2020: Police sent information about potential Fujitsu staff perjury in subpostmaster prosecutions.
- January 2020: Prosecutions are a significant step closer to being sent to the Court of Appeal as Criminal Courts Review Commission forms a group of commissioners to review them.
- January 2020: Alan Bates: The “details man” the Post Office paid the price for ignoring.
- February 2020: The government has refused to pay the huge legal costs subpostmasters incurred in their battle with the government-owned Post Office, which they won.
- February 2020: Members of Parliament seeking a public inquiry into the Post Office Horizon scandal face huge challenges, but pressure and time could force justice.
- February 2020: Calls for inquiry into Post Office IT scandal increase in Parliament, with cross-party support.
- February 2020: Care Quality Commission to review concerns over Paula Vennells’ appointment after they were raised by a former NHS consultant psychiatrist.
- February 2020: Government admits it was too passive managing Post Office as parliamentary pressure builds.
- February 2020: Minister says Post Office IT experts misled the government when it asked questions about subpostmasters’ concerns over Horizon IT system.
- March 2020: Boris Johnson commits to “getting to the bottom of” Post Office Horizon IT scandal.
- March 2020: Boris Johnson’s commitment to inquiry into Post Office scandal in doubt.
- March 2020: MPs call on PM to commit to full public inquiry into Post Office Horizon IT scandal.
- March 2020: Those who did not play by the rules in Post Office Horizon scandal “should face prosecution”.
- March 2020: MPs told to hold to account those responsible for Post Office Horizon IT scandal.
- March 2020: The Post Office has sparked anger with secret settlements with subpostmasters outside the recent legal action against it.
- March 2020: Labour MP Karl Turner tells Computer Weekly that the Post Office Horizon scandal is the most grotesque version of predatory capitalism he has ever seen.
- March 2020: MP Kevan Jones has warned a government minister not to repeat the mistakes of predecessors in relation to the Post Office Horizon IT scandal.
- March 2020: Criminal Cases Review Commission to use Microsoft Teams to ensure review of subpostmaster prosecutions is held on time.
- March 2020: Post Office postpones subpostmaster compensation scheme amid Covid-19 crisis.
- March 2020: Meeting reviewing subpostmaster applications to appeal criminal prosecutions moves into second day.
- March 2020: Subpostmaster prosecutions to be considered by Court of Appeal for miscarriages of justice.
- March 2020: How subpostmasters made legal history with biggest referral of potential miscarriages of justice.
- April 2020: Met Police examines information about evidence given in court by Fujitsu staff on the Horizon IT system.
- May 2020: Subpostmasters who had their lives ruined by the Post Office’s faulty IT system have received their damages after a High Court victory.
- May 2020: A senior Post Office executive at the centre of an IT scandal, who tried to mislead a High Court judge in relation to it, has left the organisation without fanfare despite many years of service.
- May 2020: Post Office re-examines hundreds of prosecutions that could have resulted from faults in Horizon IT system.
- June 2020: A campaign group representing subpostmasters wrongly prosecuted for theft and false accounting by the Post Office is raising money to help clear the names of victims of the scandal.
- June 2020: Subpostmasters to force scrutiny of government’s role in Post Office IT scandal.
- June 2020: The Criminal Cases Review Commission sends 47 more subpostmaster cases to Court of Appeal and asks government to review private prosecution powers.
- June 2020: Select committee chair writes to former Post Office CEO demanding answers over her role in IT scandal.
- June 2020: The government has been accused of launching a review that fails in getting to the bottom of one of the biggest miscarriages of justice in UK history.
- June 2020: Subpostmasters will not cooperate with government review into IT scandal.
- June 2020: The government’s proposed review of the Post Office IT scandal has received a further setback as forensic accountants join subpostmasters in refusing to back it.
- June 2020: Call for government review of Post Office Horizon scandal to have the power to force individuals to give evidence under oath.
- June 2020: Subpostmasters seeking justice in the Post Office Horizon IT scandal are regaining momentum in Parliament.
- June 2020: Healthcare regulator will be discussing concerns about former NHS boss chairing an NHS trust at an upcoming meeting.
- June 2020: Second Sight is working with law firm in appeals by subpostmasters against criminal convictions in Horizon IT scandal.
- June 2020: Post Office and Fujitsu blame each other for many of the failings in the Horizon IT scandal that wrecked lives.
- June 2020: Parliamentary Justice Committee to hold short inquiry into the rules and regulations surrounding private organisations’ ability to initiate criminal proceedings.
- July 2020: Victims of the Post Office Horizon IT scandal need to raise thousands of pounds in a week or those responsible for their suffering will avoid scrutiny.
- July 2020: The government is set to face scrutiny over its involvement in the Post Office Horizon IT scandal, described as one of the biggest miscarriages of justice in modern UK history.
- September 2020: The government repeats that it won’t pay victims’ legal costs and confirms review into the scandal will not have the power to call witnesses.
- September 2020: Subpostmasters still not being told about all the known errors in the controversial Post Office branch accounting and retail system that they use.
- October 2020: The Post Office has chosen not to contest 44 out of 47 appeals, meaning most are likely to have their names cleared, but others still face a Court of Appeal battle for justice.
- October 2020: MPs are demanding the government holds a full statutory public inquiry into the Post Office IT scandal.
- October 2020: NHS regulator continues enquiries about the appointment of former Post Office CEO at Imperial College Healthcare NHS Trust as more damning details emerge.
- October 2020: Government minister met with former subpostmaster online in an attempt to get victims of the Post Office Horizon scandal involved in government review.
- October 2020: The Post Office is focusing urgently on fixing an IT error suffered by a subpostmaster amid the ongoing IT scandal.
- October 2020: Labour politicians are calling for the government to give the Post Office Horizon scandal inquiry the power to force witnesses to give evidence if they don’t cooperate.
- October 2020: Imperial College Healthcare NHS Trust has asked for external review of its process when appointing controversial executive.
- November 2020: Government faces scrutiny of its handling of the Post Office IT scandal that destroyed subpostmasters’ lives and livelihoods.
- November 2020: Post Office branches offline during busy business hours after suffering an IT error that the Post Office said related to IT from supplier Fujitsu.
- November 2020: Fujitsu is refusing to explain what caused a national system outage in Post Office branches last week, despite the Post Office confirming the issue was the fault of the supplier.
- November 2020: The Metropolitan Police opens criminal investigation into Fujitsu staff who gave evidence in trials of subpostmasters wrongly prosecuted and even imprisoned for financial crimes.
- November 2020: Post Office criticised over vagueness of its explanation of the cause of a UK-wide IT failure that saw subpostmasters unable to do business.
- November 2020: Post Office says planned firmware update caused the problem that left branches unable to do business for 90 minutes.
- November 2020: Court documents reveal the names of the Fujitsu employees under investigation for potentially providing misleading information in criminal trials.
- November 2020: The government allowed the Post Office to ‘run amok’ and destroy lives, says complaint to Parliamentary Ombudsman.
- November 2020: Campaigning politician demands access to documents that could prove that the Post Office lied.
- December 2020: Government denies responsibility for the abuse inflicted on subpostmasters by the Post Office over faulty IT system.
- December 2020: CEO at the centre of the scandal that saw innocent people bankrupted and some sent to prison steps down from NHS role as pressure for her resignation grows.
- December 2020: History made as subpostmasters wrongly prosecuted in Horizon IT scandal have convictions quashed.
- December 2020: The appointment of a former Post Office executive, who tried to mislead a judge, in the Football Association of Wales has been questioned by an MP.
- December 2020: Court of Appeal indicates subpostmasters can pursue appeal route that could do more damage to Post Office’s reputation.
- January 2021: NHS trust defends its director appointment process following an external review of its recruitment of former Post Office CEO Paula Vennells.
- January 2021: Lawyers call for changes to digital evidence rule that made it easier for the Post Office to ‘bamboozle courts’ and make subpostmasters pay a heavy price for its IT failings.
- January 2021: The Criminal Cases Review Commission (CCRC) has referred four more subpostmasters’ criminal convictions to appeal, as part of the biggest miscarriage of justice in modern UK history.
- February 2021: A former senior developer who worked for Fujitsu on the Post Office IT system that led to subpostmasters being falsely accused of fraud, has claimed bosses knew of fundamental flaws before going live.
- February 2021: Subpostmasters call for Boris Johnson to pause and reshape the government’s Horizon inquiry.
- February 2021: Vote of no confidence in Football Association of Wales boss triggered by recruitment of former Post Office executive who tried to mislead a judge in IT trial.
- March 2021: Government agrees to change private prosecution rules that were abused by the Post Office in its pursuit of subpostmasters wrongly accused of financial crimes.
- March 2021: Subpostmaster victims who have spent millions bringing the Post Office IT scandal to light have received no reply to their concerns from Boris Johnson.
- March 2021: MP condemns department’s ‘bizarre’ rejection of freedom of information request linked to Post Office IT scandal.
- March 2021: Football Association Wales boss steps down after losing confidence motion triggered by appointment of an executive involved in the Post Office IT scandal.
- March 2021: The Scottish Criminal Cases Review Commission (SCCRC) is reviewing five cases of potential miscarriage of justice in relation to subpostmaster prosecutions.
- March 2021: Subpostmasters heading to Court of Appeal to clear their names in what is potentially the biggest miscarriage of justice in English legal history.
- March 2021: The Post Office does not have enough money to pay compensation to the subpostmasters it wrongfully prosecuted.
- March 2021: Angela van den Bogerd has left her role at the Football Association of Wales, following criticism of her part in Post Office IT scandal.
- March 2021: Court of Appeal hearing reveals Post Office instructed employees to destroy documents that undermined an insistence that its Horizon computer system was robust.
- March 2021: The Post Office was warned that a former Fujitsu employee had misled courts when giving evidence on its behalf.
- March 2021: Boris Johnson agrees with MP that those responsible for the Post Office Horizon scandal should be brought to book.
- March 2021: Former Post Office chief was paid over £400,000 when she left despite the organisation being involved in what would become the biggest miscarriage of justice in UK history.
- April 2021: The UK government faces a potential judicial review over its Post Office Horizon IT scandal inquiry, after subpostmasters formally wrote to the government seeking one.
- April 2021: The government is listening to calls for changes in how digital evidence is considered in court, as Post Office IT scandal spells out current rule’s inadequacy.
- April 2021: The Post Office's controversial contract with Fujitsu has been extended another year to help the organisation manage its exit.
- April 2021: The Post Office is to move work done by Fujitsu in-house when its outsourcing contract ends, and is already recruiting IT experts.
- April 2021: The Post Office has revealed the end to its controversial Horizon IT system which, through its errors and the Post Office's denial of them, caused huge suffering.
- April 2021: The UK government is the only block to fair compensation for subpostmasters who were wrongly punished for accounting shortfalls.
- April 2021: The Court of Appeal has overturned the criminal convictions of 39 subpostmasters who were blamed and punished for accounting shortfalls caused by computer errors.
- April 2021: Former Post Office CEO Paula Vennells has left roles in the church, Morrisons and Dunelm after postmasters’ convictions were overturned in the Court of Appeal.
- April 2021: The biggest miscarriage of justice in UK history is set to get bigger as more subpostmasters take their cases to the Court of Appeal.
- May 2021: Post Office IT scandal CEO has no excuse for her inaction in preventing the biggest miscarriage of justice in UK history, says Criminal Cases Review Commission chairperson.
- May 2021: Subpostmasters, MPs and the public call for a full statutory judge-led public inquiry into the Post Office Horizon scandal, following another damning court judgment.
- May 2021: Government says it wants to ensure a fair pay-out for the 555 subpostmasters who defeated the Post Office in a legal battle.
- May 2021: The Post Office has contacted hundreds of people it might have wrongly prosecuted for financial crimes.
- May 2021: The miscarriages of justice involving subpostmasters are the most disturbing element of the Post Office Horizon scandal – but it goes much deeper.
- May 2021: The supplier at the centre of the Post Office Horizon scandal has so far escaped the ramifications of its role in the biggest miscarriage of justice in UK history.
- May 2021: Another two former subpostmasters have had their convictions for financial crimes overturned, following a hearing in Southwark Crown Court.
- May 2021: The government inquiry into the Post Office Horizon scandal is set to be made statutory with the power to compel witnesses and evidence.
- May 2021: The government confirmed that the inquiry into the Post Office Horizon IT scandal will be given statutory status and wider scope.
- May 2021: The Justice for Subpostmasters Alliance (JFSA) has agreed to meet the former judge heading up the inquiry into the Post Office scandal that ruined the lives of hundreds of subpostmasters.
- May 2021: Criminal Cases Review Commission will not allow pressure on its resources to prevent subpostmasters seeking a review of their criminal convictions.
- May 2021: Professional IT body wants changes to how computer evidence is used in court in the wake of the Post Office case.
- June 2021: The Post Office Horizon scandal inquiry begins with subpostmaster campaign group waiting for full details before committing its support.
- June 2021: Whatever the Post Office told government about its decision to sack investigators examining subpostmaster prosecutions for theft could identify if the government was part of a cover-up.
- June 2021: The Post Office has so far compensated about 400 subpostmasters who suffered losses as a result of computer errors that they were wrongly blamed for.
- July 2021: Another 10 subpostmasters are set to have their criminal convictions quashed as part of one of the biggest miscarriage of justice in British history.
- July 2021: The government has made no contact with subpostmasters two months after it said it would work with them to ensure they get speedy and fair compensation.
- July 2021: The cost of a scheme set up to compensate subpostmasters who were victims of the Horizon IT scandal will exceed £300m.
- July 2021: The government will pay interim compensation within weeks to subpostmasters who were wrongly convicted of crimes due to computer errors.
- August 2021: A further four subpostmasters are set to have their wrongful convictions overturned in the latest development in the Post Office Horizon scandal.
- August 2021: The government has failed to provide fair compensation to the subpostmasters who exposed the full extent of the Horizon scandal to the world.
- August 2021: Subpostmasters demand more clarity on Horizon public inquiry before committing their support.
- September 2021: Six more subpostmaster convictions referred for appeal in Post Office IT scandal.
- September 2021: Government minister holds secret meeting with Post Office Horizon scandal victims.
- October 2021: The public inquiry into a scandal that saw subpostmasters imprisoned after being blamed for accounting shortfalls will hold its first public hearing early next month.
- October 2021: A government minister investigating the controversial Horizon IT project in 2000 described the Post Office board of directors as ‘appalling, short-sighted and partisan’.
- November 2021: The behaviour of Post Office senior management during the Horizon scandal was so egregious that the supplier of the faulty software has escaped a large financial penalty.
- November 2021: Former Fujitsu staff who gave evidence in subpostmaster trials have been questioned by police for a second time.
- November 2021: Former subpostmasters convicted of crimes based on data from error-prone Post Office computer system continue to embark on appeals.
- November 2021: The first hearing in the Post Office Horizon scandal public inquiry hears why victims should be paid compensation immediately.
- November 2021:The Scottish Criminal Cases Review Commission is investigating eight potential miscarriages of justice linked with faulty Post Office IT system.
- November 2021: The Post Office will waive professional legal privilege for documents relating to legal advice it received regarding subpostmaster prosecutions.
- November 2021 A total number of 65 subpostmasters have now had criminal convictions overturned in Post Office Horizon scandal.
- November 2021 Subpostmasters asked to withdraw support for Post Office scandal inquiry.
- November 2021: Seven more subpostmasters have been cleared after the Post Office charged them for crimes caused by its faulty Horizon software.
- November 2021: The Post Office made clear its support for a change in UK law regarding computer evidence that was making prosecution ‘onerous’ – a change which later helped to wrongfully convict subpostmasters.
- November 2021: The chair of the Post Office scandal public inquiry has confirmed the compensation of a group of subpostmasters will be revisited.
- December 2021: Government must go further after agreeing to pay compensation for wrongly convicted subpostmasters.
- December 2021: Pressure on government to pay fair compensation to subpostmasters left out of current schemes.
- January 2022: Almost 100 MPs have backed a call for the government to reverse its decision to exclude 555 subpostmasters from fair compensation.
- January 2022: A parliamentary select committee was told that the Post Office is unable to access information to accurately calculate compensation for some Horizon scandal victims.
- January 2022: The Post Office received subsidies worth over £1bn last year, including a £685m payment just last month, in a scheme labelled Post Office Historical Matters Compensation.
- January 2022: Government widens subpostmaster miscarriage of justice compensation scheme in Horizon scandal.
- January 2022: Government officials are open to finding a way to properly compensate victims of the Horizon scandal without setting a dangerous legal precedent.
- January 2022: The subpostmaster campaign group responsible for exposing the Post Office Horizon scandal is to meet with the government to discuss fair compensation for their suffering.
- January 2022: Fujitsu cannot hide away as taxpayers pick up the bill for the Post Office scandal triggered by its IT system, say peers.
- February 2022: Victims of the Post Office Horizon scandal are being denied the millions of pounds they are owed as the government delays compensation resolution.
- February 2022: Victims of the Post Office Horizon scandal are due to tell their devastating stories to the statutory inquiry.
- February 2022: MPs are demanding urgent action by the government to provide full compensation to a group of 555 Post Office Horizon scandal victims who have so far been left out.
- February 2022: Victims of the Post Office Horizon scandal have been suffering in silence for many years, but the current public inquiry is giving them a voice, and people are listening.
- February 2022: Horizon inquiry questioning raises hopes of fair compensation for victims so far left out.
- February 2022: Government set to backtrack on untenable position on subpostmaster compensation. | https://www.computerweekly.com/news/252514110/Post-Office-warned-of-software-flaw-in-2006-but-failed-to-alert-subpostmaster-network | 2022-03-03T13:48:57 | en | 0.966223 |
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During a period of examination, independent audit firm Crowe FST Audit Hungary assessed the controls in place at InnoValor and determined that these controls meet the AICPA’s Trust Services Principles for Security, Availability, Confidentiality, Processing Integrity, and Privacy. The audit was conducted in parallel with the eIDAS, ISO27001 and ISO 27701 audits performed by TUV Trust IT.
Developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 is recognised as a gold standard for data security and requires companies to establish and follow strict information security policies and procedures. This means that InnoValor’s security system and controls adhere to applicable trust services criteria that customers demand for regulatory compliance and that need detailed information and assurance about the specific controls in place.
Customers can use the SOC2 type 2 report to assure that InnoValor has processes and security measures in place to protect user data and privacy. InnoValor is also ISO 27001, ISO 27701 and eIDAS certified.
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EXPLAINER-Russian banks isolated, UK cuts insurance ties with Moscow
Separately, the London Stock Exchange said it had suspended nearly 30 listings in Russian companies as sanctions begin to bite. The United States, Britain, Europe and Canada have agreed to remove some Russian banks from the SWIFT global payments messaging system, potentially damaging Russia as well as its trading partners.
Britain will ban Russian companies from London's multi-billion dollar aviation and space insurance market, the latest restrictions Western allies are imposing to isolate Russia from international financial markets.
Here is a rundown of how Western sanctions already announced impact banks and investors: WHAT HAS BEEN ANNOUNCED SO FAR?
Britain's finance ministry will legislate to prohibit UK-based insurance and reinsurance providers, such as those who use the Lloyd's of London market, from undertaking transactions linked to a Russian entity or for use in Russia. Separately, the London Stock Exchange said it had suspended nearly 30 listings in Russian companies as sanctions begin to bite.
The United States, Britain, Europe, and Canada have agreed to remove some Russian banks from the SWIFT global payments messaging system, potentially damaging Russia as well as its trading partners. The EU has named the seven banks it will exclude from SWIFT on March 12: Russia's second-largest bank VTB, along with Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank and VEB.
Sberbank, Russia's largest lender, and Gazprombank have not been included in the list because they are the main channels for payments for Russian oil and gas, which EU countries are still buying. The two banks are subject to other measures, an EU official said. EU leaders previously agreed on sanctions on Moscow that they said targeted 70% of the Russian banking market.
The bloc also imposed a ban on issuing bonds, shares or loans in the EU for refinancing Alfa Bank and Bank Otkritie, after freezing assets at Rossiya Bank, Promsvyazbank, and VEB earlier last week. Sberbank, VTB, and Gazprombank do not face the EU asset freeze.
Refinancing in the EU of Russian state-owned enterprises is also forbidden, with the exception of some utilities. Securities settlement houses in the EU are barred from serving Russian counterparties, with Euroclear and Clearstream saying they will not accept transactions in roubles. The U.S. Treasury Department last week said it was targeting the "core infrastructure" of Russia's financial system and sanctioning Sberbank and VTB. Also on the U.S. sanctions list are Otkritie, Sovcombank, and Novikombank and some senior executives at state-owned banks.
U.S. banks must sever their correspondent banking ties with Russia's largest lender, Sberbank, within 30 days. These links allow banks to make payments between one another and move money around the world. Washington officials also wielded the government's most powerful sanctioning tool, adding VTB, Otkritie, Novikombank, and Sovcombank to the Specially Designated Nationals (SDN) list. The move effectively kicks the banks out of the U.S. financial system, bans their trade with Americans, and freezes their U.S. assets.
The U.S. sanctions also target two Belarusian state-owned banks - Belinvestbank and Bank Dabrabyt - over the country's support for Moscow's attack. Britain last week said it would impose an asset freeze on all major Russian banks, including VTB, and stop major Russian companies from raising finance in the country.
WHAT NEXT? Russia's large banks are deeply integrated into the global financial system, and sanctions on the biggest institutions are already being felt far beyond its borders -- the European arm of Sberbank has been forced to close after a run on the bank.
The U.S. Treasury said its sanctions would disrupt billions of dollars worth of daily foreign exchange transactions conducted by Russian financial institutions. Overall, these institutions conduct about $46 billion worth of forex transactions, 80% of which are in dollars. These sanctions target nearly 80% of all banking assets in Russia.
For the EU, the next shoe to drop would be extending its bans to all Russian banks, including those that are heavily involved in energy-related transactions. The consequences of that are complex, however, especially for Russia's trading partners. There are concerns about how payments for Russian energy imports would be made and whether foreign creditors would get paid.
Analysts have said that while Russian institutions are better able to cope with sanctions than eight years earlier after Russia annexed Crimea, their scale and the coordination of current measures will hit hard. Shares in Sberbank and VTB tumbled in Moscow before Russian authorities halted trading to prevent capital outflows. Sberbank's depositary receipts in London fell more than 90% on Wednesday.
Sberbank has closed most of its European operations and Reuters reported that regulators were preparing for the possible closure of VTB's European arm. Sberbank has previously said that it was prepared for any developments. VTB said last week it had prepared for the most severe scenario.
The Russian embassy in the United States has not replied to requests for comment. WHICH FOREIGN BANKS ARE MOST EXPOSED?
Many foreign banks have significantly reduced their exposure to Russia since 2014 but several Western leaders have been involved in deals and have other relationships. Shares of banks with significant operations in Russia such as Austria's Raiffeisen Bank International and France's Societe Generale have fallen sharply.
SocGen, which has a $20 billion exposure to Russia, warned of the possibility that Russia could strip the bank of its local operations. Raiffeisen is looking into leaving Russia, two people with knowledge of the matter told Reuters this week. An RBI spokesperson said it had no plans to leave Russia.
Italian and French banks each had outstanding claims of some $25 billion on Russia in the third quarter of 2021, based on Bank of International Settlement figures. Austrian banks had $17.5 billion. That compares with $14.7 billion for the United States.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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US ready to respond 'decisively' to Russian attack on Ukraine: Prez Biden | https://www.devdiscourse.com/article/business/1947026-explainer-russian-banks-isolated-uk-cuts-insurance-ties-with-moscow | 2022-03-03T13:48:57 | en | 0.964061 |
Following Ukraine invasion, the US, UK, and other Western democracies imposed economic and trade sanctions on Russia, requiring financial institutions to be equipped with tools to enforce the measures without interrupting the business activities of innocent people. ThetaRay’s monitoring and screening solution helps financial institutions and governments to identify both manual and cyber-automated attempts to violate these sanctions.
ThetaRay’s solution monitors global cross-border payments by analysing SWIFT traffic, risk indicators and client data to detect suspicious activities across cross-border transaction paths, including the use of shell people and companies. It also screens transactions for financial activity by individuals who have been placed on sanctions lists.
The ThetaRay SaaS solution for transaction monitoring and screening can be easily integrated, with minimal adaptation required.
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Ukraine crisis: Aviation Ministry says over 7,400 Indians expected to be brought back in next 2 days
- Country:
- India
More than 7,400 Indians are expected to be brought back to India from Ukraine's neighbouring countries on special flights in the next two days, the Civil Aviation Ministry said on Thursday.
Indian carriers -- Air India Express, Air India, SpiceJet, IndiGo, Vistara and Go First -- are expected to operate a total of 17 flights on Friday, the ministry's statement noted.
India has been evacuating its citizens through special flights from Ukraine's western neighbours such as Romania, Hungary and Poland as the Ukrainian airspace has been shut since February 24 due to the Russian military offensive.
''The number of civilian flights is being scaled up further, and more than 7,400 people are expected to be brought through special flights in next two days,'' the ministry's statement mentioned.
It stated that 3,500 people are expected to be brought back to India on Friday and over 3,900 on Saturday.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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EU can withhold funds from Hungary, Poland, top court rules | https://www.devdiscourse.com/article/business/1947030-ukraine-crisis-aviation-ministry-says-over-7400-indians-expected-to-be-brought-back-in-next-2-days | 2022-03-03T13:49:05 | en | 0.953758 |
Given that 80% of consumers will drop their e-carts at the checkout if they cannot find the right payment method for them, maximum consumer acceptance and higher conversion rates represent the main things ecommerce retailers must focus on. However, when it comes to US-based merchants and ecommerce platforms, they fall behind in understanding the profile of global e-shoppers, PPRO report suggests.
According to PPRO, customers need retailers to care about their preferences, and this means appealing to the shopper’s language and local culture. About 40% of shoppers are looking for authentic, genuine shopping platforms that provide cultural integration and appeal to a global audience, instead of heavily orientating towards the US customers.
For more information about PPRO, you can check the company's profile in our client database.
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Tide of Ukrainian refugees grows as UN says a million have fled
* More and more Ukrainians flee shelling * Many families separated * Housing refugees becoming a priority * Hungary looks to arrivals to fill job vacancies * (adds details, Hungarian offer) By Alicja Ptak and Fedja Grulovic MEDYKA, Poland/SIGHETU MARMATIEI, Romania March 3 (Reuters) - A growing tide of Ukrainian refugees fleeing a brutal Russian invasion streamed into central Europe on Thursday, as volunteers and officials speeded up efforts to process arrivals whose numbers a U.N. official said had crossed the one million mark.
* More and more Ukrainians flee shelling * Many families separated
* Housing refugees becoming a priority * Hungary looks to arrivals to fill job vacancies
* (adds details, Hungarian offer) By Alicja Ptak and Fedja Grulovic
A growing tide of Ukrainian refugees fleeing a brutal Russian invasion streamed into central Europe on Thursday, as volunteers and officials speeded up efforts to process arrivals whose numbers a U.N. official said had crossed the one million mark. With Russian forces intent on advancing towards Kyiv and bombing some other Ukrainian cities into wastelands, the U.N. refugee agency also said the conflict looked set to trigger Europe's largest refugee crisis this century.
In the week since President Vladimir Putin ordered the biggest attack on a European state since 1945, most escaping Ukrainians have crossed into the European Union - membership of which their country aspires to - in eastern Poland, Slovakia, Hungary, and northern Romania. Authorities and volunteers across central European border crossings have pitched tents to provide medical aid and process asylum papers and sought to make the entry as smooth as possible for weary Ukrainians' harrowing journeys to flee war.
"I've been to Bangladesh. This is as bad as it was (coping with refugees) in Bangladesh," said Morteza Eshghparast, a volunteer for Help Dunya, a German NGO, while waiting in line to re-enter Ukraine at the Medyka crossing, Poland's busiest, along its roughly 500-kilometre (310-mile) border with Ukraine. Volunteers stationed there handed out hot beverages and sandwiches to weary-looking refugees, some of whom traveled for days on end to escape the fighting.
Poland, whose Ukrainian community of around 1 million is the region's largest, has around 575,000 Ukrainian refugees so far officials estimate. Nearly 100,000 crossed on Wednesday alone. 'FAMILIES HAD TO BE SEPARATED'
With men of the conscription age obliged to stay and help in the defense, mostly women and children have crossed into the European Union from regional crossings. "We are from Lviv and we decided to flee because we often heard air raid alarms," said Natasha, 23, who fled with her mother in a car and waited two days on the Slovak border. "We took our possessions and fled."
Russia calls its actions in Ukraine a "special operation" not designed to occupy territory but to destroy its neighbor's military capabilities and capture what it regards as dangerous nationalists. At the Sighetu Marmatiei crossing in Romania, to where officials said more than 139,000 Ukrainians have fled, Dmitry Rubanov waited with a pair of binoculars after traveling from London to meet his sister Natasha Borzenkova and her two daughters.
They had fled from the heavily shelled city of Kharkiv. "I had to leave my husband behind because he is not allowed to go through the border and I had to leave my parents behind because we have older relatives who they have to look after," Borzenkova said after reuniting with her brother.
"...A lot of families had to be separated." Across central Europe, where memories of Moscow's dominance after World War Two run deep, thousands of volunteers have converged on the borders, bringing food, clothes, and blankets.
Many have opened their homes and hotels or offered vacant apartments to displaced Ukrainians, while a church in Warsaw said it would start celebrating a Sunday mass in Ukrainian and a Polish cinema chain offered a free daily showing for refugee children. FINDING A PLACE TO SLEEP
In Warsaw, city officials have prioritized finding places to sleep for refugees, saying that 11 trains carrying Ukrainians from the border arrived overnight. "We're focusing on making sure that hundreds of people aren't forced to stay at the train stations," city council spokeswoman Monika Beuth-Lutyk said. "Organising child care, schools, and assistance to find jobs will come later."
Hungary has set up a government working group to provide jobs for Ukrainians as there are close to 80,000 vacancies in Hungary and the shortage is especially serious in construction, Prime Minister Viktor Orban's chief of staff said on Thursday. Hungarian police data show that around 127,000 entered Hungary from Ukraine since Feb. 24.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/1947032-tide-of-ukrainian-refugees-grows-as-un-says-a-million-have-fled | 2022-03-03T13:49:17 | en | 0.968752 |
Thanks to the integration with Google, Soldo's physical and virtual cards will be able to be inserted into the Google Pay wallets on all Android smartphones, enabling payments and augmenting the shopping experience of Soldo customers for all business expenses.
The Italian company’s 30,000 customers will be able to make secure contactless payments both in-store and online or via the app, wherever this payment system is accepted. In this way, for example, it is possible to generate a virtual card in a very short time, assign it to an employee via the Soldo app, add it to Google Pay, and make it available for purchases, while maintaining the control and management of expenses by the employee’s administrative teams.
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The partnership aims to allow companies using IRIS Cascade, a HR system, to give their employees access to Revolut’s ‘On-Demand Pay’ product, which provides early salary access. It also aims at giving Revolut Business customers access to IRIS’ Staffology Payroll solution for instant payroll processing.
By partnering with Revolut, companies that use IRIS Cascade can choose to give their employees use of Revolut’s ‘On Demand Pay’ tool to access part of their earned wages in advance, enabling them to stay on top of their personal finances.
The partnership also provides the opportunity to Revolut Business customers to complete payroll at the push of a button using Staffology by IRIS, the online HR and payroll software that frees up admin staff to focus on more value-adding activities that can support business growth.
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GLOBAL MARKETS-Oil surge rattles markets as Ukraine conflict intensifies
European stocks fell at the open, failing to follow on from Wall Street's late rally after Federal Reserve Chair Jerome Powell said the central bank would raise rates by 0.25% this month, less than the 0.5% some investors had bet on. Not all investors are worried about inflation remaining higher in the medium term.
Oil prices soared again on Thursday as the Ukraine war triggered a dash for commodities that could be in short supply, while stock markets slipped as investors worried about higher inflation and slowing economic growth. Brent crude oil rose more than 5% to within a whisker of $120 per barrel before settling at $114. That still leaves it up nearly 20% since last Thursday, while everything from coal to natural gas and aluminium are surging as Western nations tighten sanctions on Russia following its invasion of Ukraine. Russia calls its actions a "special operation".
"Russia supplies around 30% of Europe's gas and oil imports and accounts for around 11% of world oil production," said Shane Oliver, head of the investment strategy at fund manager AMP. "In short, investors are worried about a stagflationary shock," MSCI added to Russia's financial isolation by deciding to shut the country out of its emerging markets index, while FTSE Russell said Russia would be removed from all its indices.
Fitch slashed Russia's sovereign credit rating six notches to "junk" status, saying it was uncertain the country could service its debt, and Moody's soon followed. European stocks fell at the open, failing to follow on from Wall Street's late rally after Federal Reserve Chair Jerome Powell said the central bank would raise rates by 0.25% this month, less than the 0.5% some investors had bet on.
Not all investors are worried about inflation remaining higher in the medium term. "On inflation, we think it is most likely that headline consumer prices will peak within the next one or two months," said Mark Haefele, Chief Investment Officer, UBS Global Wealth Management, which he added would allow the Fed to raise rates at a pace that did not undermine the economic recovery.
The Euro STOXX was down 0.5% while the FTSE 100 weakened 0.65% and Germany's DAX dropped 0.89%. Wall Street futures pointed to a slightly weaker open .
In Asia, the rush to commodities lifted resource-rich Australian stocks by 0.49%. Japan's Nikkei managed a 0.7% gain, while MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.39%.
In currency markets, the euro dropped 0.2% to $1.10793, close to 21-month lows as investors dumped European assets, fearful about the impact of the war in Ukraine on the region's economy. The dollar index rose 0.1% to 97.531.
Powell on Wednesday warned the Fed might have to hike more aggressively if inflation kept rising. That took some of the safe-haven steam out of Treasuries and 10-year yields were back at 1.857%, against Tuesday's two-month trough of 1.682%.
European bonds also surrendered some of their recent hefty gains after data showed eurozone inflation hit a record high of 5.8% in January, making it harder for the ECB to keep policy super loose. Inflation was also on the mind of the Bank of Canada when it kicked off a tightening cycle on Wednesday with a quarter-point rate hike to 0.5%.
The move combined with the strength of oil prices to lift the Canadian dollar briefly to a five-week high at $1.2584. Other commodity-linked currencies also benefited with the Australian dollar at a four-year peak on the euro. Gold rallied 0.46% to $1,935 an ounce thanks to safe-haven demand.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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In joust with Putin, Germany's Scholz displays more assertive style
India, Germany sign work plan for collaboration to strengthen quality infra | https://www.devdiscourse.com/article/business/1947041-global-markets-oil-surge-rattles-markets-as-ukraine-conflict-intensifies | 2022-03-03T13:49:25 | en | 0.958772 |
Harnessing its experience making loans for vocational and higher education and leveraging the data gained from its outsourced management of instalment payment plans for vocational education providers, ZeeFi officials said the startup aims to break the financial barriers that impeded both education providers and students in reaching their potential.
If an Australian selects a non-government funded course, he has limited options to finance his studies. He could apply for a non-bank financial institution loan usually at high-interest rates. In 2019, there were three million full fee-paying vocational students who were ineligible for government support, with numbers continuing to rise, according to ZeeFi.
This is where the company comes in to fill the funding gap, enabling education providers of all sizes, to help students pursue their goals. Study Now Pay Later (SNPL) was purpose-built to remove the financial barriers that stand in the way of education providers to enroll students who want to study. When approved, ZeeFi onboards the student and manages the entire payment process.
Available for courses valued between USD 500 to USD 20,000, SNPL allows providers to get paid upfront, while students spread their course cost, interest-free, with regular repayments for up to 36 months. This means increased cash flow for providers while students receive stress-free funding with high acceptance rates.
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