Daily Archives: November 17, 2021

Le Chateau’s return from bankruptcy includes online sales, stores within stores – AM800 (iHeartRadio)

Posted: November 17, 2021 at 1:46 pm

In its heyday, Le Chateau had nine stores along a roughly three-kilometre stretch of Ste-Catherine Street in Montreal.

The Canadian retailer was a staple of nearly every mall and shopping district in the country, with 240 locations at its peak.

"The more sales we made, the more stores we opened and the more stores we opened, the more sales we made," says Franco Rocchi, a Le Chateau executive that started with the clothing brand four decades ago as a sales clerk at one of the Ste-Catherine Street locations.

"That was the retail formula back then and it worked. It was all about brick and mortar -- not only for Le Chateau but for Aldo, Gap and others throughout the 70s, 80s and 90s. We were in every primary market, secondary market and tertiary market."

Le Chateau defined edgy clubwear, formal dresses and fashionable office attire for decades in Canada, but started facing increasing competition from foreign retailers like H&M and Zara in the early 2000s.

By 2014, Le Chateau was losing money. But the company had a plan: Close 100 stores over five years, with a return to profitability in 2020.

"We did it the honourable way," Rocchi says. "We had leases, we had handshakes, we had good relationships with our landlords. We thought we could navigate the five-year plan."

But the exit strategy the retailer spent half a decade working toward hit a major snag.

"The plan included a turnaround, a return to profitability," Rocchi says. "But the irony was that magic year we worked towards for five years was 2020."

Pandemic shutdowns not only shuttered the retailer's stores throughout 2020. Proms, weddings, galas and parties -- key drivers of the retailer's dress sales -- were outright cancelled.

Le Chateau filed for creditor protection in October 2020, joining the ranks of dozens of big-name retailers that buckled under the weight of COVID-19 restrictions.

In June, Suzy's Inc. -- the company behind women's clothing brand Suzy Shier -- stepped in to buy Le Chateau's intellectual property and now it's making a comeback with the online launch of an evening wear collection ahead of the holidays.

The so-called glamour capsule unveiled Tuesday offers shoppers a hint of what to expect with the brand's official relaunch under its new owner set for spring.

Rocchi -- now senior marketing director of Suzy/Le Chateau -- says the curated, limited-edition collection highlights the brand's focus on high-fashion occasion wear.

"Even as we were going through the challenge of closing stores, we actually started to see significant success in our dress business," he says. "We were seeing year-over-year growth in our occasion business. We found our sweet spot, which was beautiful dresses at a great price point."

The full collection planned for 2022 will include footwear, accessories and menswear, with women's dress wear available in select Suzy Shier stores across the country.

"We will have stores within stores at about 35 Suzy locations across the country," Rocchi explains. "It won't just be Le Chateau products pushed into Suzy stores. It will be a clearly demarcated beautiful shop, so customers will know it's Le Chateau."

He adds that there will be no "cannibalization" between the brands, as Suzy Shier is focused on casual, weekend and work wear.

"We like to say our customers can wear Suzy by day and Le Chateau by night," Rocchi says.

Indeed, the Suzy Shier website appears divided in half, with a model wearing a sweater and items like warm hats and gloves on one side, while a model is dressed in an evening gown on the other side along with items like sparkly "party tops."

This report by The Canadian Press was first published Nov. 16, 2021

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Hike in deaths by suicide in 2020 due to main causes of poverty, bankruptcy, and unemployment – thepolicytimes.com

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Approximately more than a number of 10,600 people died by suicide due to unemployment, poverty or bankruptcy, and indebtedness in 2020, which led to an increase of 8% as compared to 9,881 deaths by suicide due to these similar causes together in 2019.

The recent government statistics on this matter show than on average, more than one individual died by committing suicide every hour because of any of these causes in 2020. There was a decrease in number due to bankruptcy or indebtedness to 5,213 in 2020 from 5,908 in the last year, deaths due to unemployment and poverty both recorded a sudden increase.

Also Read: Farmer Suicides on a Rise; Government Reluctant to Repeal Farm Laws

The increase in death due to poverty had gone up by 69% to 1,901 in 2020 from 1,122 in 2019, whereas there was a decrease in deaths by suicide due to total bankruptcy was 11%. While deaths by suicides due to unemployment recorded a jump of 24% (3,548 from 2,851).

Of the total 10,622 deaths by suicides that were attributed due to all these causes in 2020, those that are related to bankruptcy and indebtedness are nearly half that is 49%, while a third of them which is 3,548 were due to employment. Poverty made 1,901 people to commit suicide.

These causes of suicide together accounted for almost 7% of the total number of deaths by suicides which is almost more than 1.5 lakh that is reported in the nation in 2020. Relatively, they accounted for 8% of the 1.3 lakh suicides that was reported in 2019.

An analysis of data since 2015 clearly shows that 45,406 people died by suicide due to various causes, with those relating to bankruptcy almost accounting for nearly 29,218 or 65% deaths, followed by causes due to unemployment which is 16,565 or 36% deaths.

Data also presents that there are some fluctuations in different cases relating to each of the individual causes. They are increasing every year since 2016. In that specific year, the total suicides due to these different causes had decreased by 18% to touch 7,179. From there, it went up by 22% in 2017, by another 2% in 2018, 11% in 2019, and 8% in 2020, the year which recorded the highest deaths in this period.

The suicides that happened due to these causes in 2020, most deaths not surprisingly took place in the age group of 30-44 years followed by the ones aged 18 and 29 years. The least deaths were among those people under the age of 18 and above 60 years old. People aged between 30 and 44 years accounted for almost nearly 40% of such suicides that is 4,218 while those 18 but under the age of 30 years old accounted for almost 3,065 or 29%.

Further, almost 70% or 7,415 deaths by suicide were reported in four of the southern states: Telangana, Karnataka, Andhra Pradesh, and Tamil Nadu, and also Maharashtra. When it comes to causes like bankruptcy, almost 9 out of 10 deaths were reported in these specific states, which for poverty it was 53% and due to unemployment, it was 50.5%.

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Hike in deaths by suicide in 2020 due to main causes of poverty, bankruptcy, and unemployment

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Of the total 10,622 deaths by suicides that were attributed due to all these causes in 2020, those that are related to bankruptcy and indebtedness are nearly half that is 49%, while a third of them which is 3,548 were due to employment. Poverty made 1,901 people to commit suicide.

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Cisco : The Business Why’s of migration to Cisco DNA Center – marketscreener.com

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It is unlikely that as a Cisco customer or person that reads blogs.cisco.com you have not seen or heard of Cisco DNA Center. While they have done an impressive job with Cisco DNA Center- the talk is often about the technical merits, intents and functions. As we talk of cross domain, I want to cross the domain from what Cisco DNA Center does to why you should move to the solution in terms of business outcomes and user experience.

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Recently there has been a lot of talk about Prime Infrastructure to Cisco DNA Center migration. It is important to call-out that while Prime Infrastructure is a network management/monitoring tool, Cisco DNA Center is a platform that does so much more - helping companies accelerate their digital transformation by providing insights, automation, and security across their networks in new and innovative ways.

So why should we move our IT organization to Cisco DNA Center? Part of my answer is that if you want to continue to run IT as we did 10 to 15 years ago - Prime Infrastructure will suit you just fine. However, if you are in a business that is growing, actively working on its digital transformation, grappling with hybrid work, wanting to leverage artificial intelligence and machine learning, or overall want to be more efficient, then you should read on.

Just as we see electric cars redefining transportation, Cisco DNA Center is redefining enterprise infrastructure software and network management. It is transforming infrastructure organizations across so many different use cases and personas including AIOPS, NETOPS, SECOPS, and DEVOPS which is no small endeavor.

In talking to various CIO's and IT leaders, a common question comes up; "How do I turn IT into a competitive advantage for my organization?". I interpret the question to be, "How do I use my IT infrastructure to drive business outcomes?" It is my belief that there are countless opportunities to differentiate depending on your industry sector.

My top 5 reasons why your organization would benefit from Cisco DNA Center:

Your Reputation

Reputation is critical. An IT organization's reputation comes from delivery of services and uptime. As network infrastructure has reached the status of utility - everyone expects to have the infrastructure up and running 24/7, anything less than that can hurt the organizational reputation. The fact that Cisco DNA Center can help prevent outages and drastically shorten Mean Time to Resolution (MTTR) directly contributes to reputation. At the University, we are proud of the reputation our IT department has established and it is in large part due to the success we have had with Cisco DNA Center.

Visibility

Visibility; It is impossible to manage that which you can not see. As today's infrastructure is everywhere, especially with the proliferation of wireless and IoT, visibility into the network with streaming telemetry enhances IT's ability to monitor and manage the infrastructure. With AI/ML it enables visibility not possible before. As an innovative University IT, with Cisco DNA Center, we have gained tremendous new insights into the health of our entire network estate infrastructure previously not possible with Prime Infrastructure.

Automation

Automation and orchestration is something a lot of IT organizations talk about, but largely speaking, it is more commonly seen managing cloud applications, not network infrastructure. Cisco DNA Center helps with automation workflows which saves time, effort, and creates consistency across the infrastructure and can help eliminate operator errors, the leading cause of outages. The IT staff is so much happier not having to worry about making errors when doing high volume or highly repetitive tasks.

User Experience

User Experience is king - if your IT team does not have a way to measure and track the user experience, it is hard to deliver what you can't measure. That being said, there are a plethora of different ways to track and measure wired and wireless user experience with Cisco DNA Center. Measuring user experience with Cisco DNA Center is a topic unto itself and warrants its own blog, so stay tuned for that. But so far, our student, faculty, and guest user experience has been dramatically improved since using Cisco DNA Center.

Proactive Management/Actions

Proactive Actions - The fact is that "IT" is a service organization and as we strive to perform service improvement - we make every effort to become more and more proactive. Cisco DNA Center has been able to redefine proactive AI/ML and the ability to identify early stages of failures and allow notification and intervention before it becomes a user-impacting event.

The Machine Reasoning Engine (MRE) is another capability that leverages artificial intelligence (AI) to automate complex network operation workflows. It is like having a 30-year Cisco veteran standing behind your shoulder when you are trying to solve a difficult problem by automatically troubleshooting the issues, identifying the most probable root cause, and providing the recommended corrective action. The MRE is powered by a cloud-hosted knowledge base, built by Cisco, and will progressively give you more and more options to not only automatically troubleshoot issues, but to automatically resolve and remediate them as well.

Security

Information/Cyber security is one of the holy grails of IT. I am guessing many struggle with what is more important, user experience or information security. The good news is that they are complementary with Cisco DNA Center. Cisco DNA Center can help keep the network in compliance with software, best practices, and security advisories. It can also provide visibility to the InfoSec department about the security posture of the infrastructure. To top the icing on the cake, Cisco DNA Center is also able to install hot patches on equipment with IOX-SE without system reloads. This is huge from the aspect that we can react quickly to security remediation when we can do it without having to take downtime.

I know I said top five - but it worked itself into a Top 6 list. The reality is that I can go on and on as with each new release of Cisco DNA Center, there are tons of new features, workflows and innovations added to the platform. Deploying Cisco DNA Center into an organization and realizing its full potential can take some time and effort - but it is super easy to get started and start seeing value right away. There is also an abundance of resources to help your organization achieve its goals and progressively add capabilities at the pace that makes sense to your organization. But rest assured, it will improve how your organization operates and functions and can really add significant business value across your business.

To that end, I wanted to conclude with some tangible business value and benefits that organizations can yield from Cisco DNA Center. As always your mileage may vary (YMMV) depending on your organization.

Ticket Resolution Time (MTTR metric)

Reduction in Tickets

Within 90 days of activity using Cisco DNA Center assurance to optimize the network, we have seen:

Cost Savings/Operational Efficiency improvements

Business Confidence

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Which of the 115 islands in the Seychelles is right for you? – The Telegraph

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Stories of hidden pirate treasure have captivated travellers to the Seychelles for decades. Fuelled by rumours of a map lost by the 18th-century French outlaw La Buse, hunters have scoured land and sea. Abandoned trenches pock-marking coastlines document a fruitless but never-ending quest to find the hallowed spot marked X.

A collection of 115 islands scattered across more than a million square kilometres of Indian Ocean, the Republic of Seychelles is steeped in fantasy and folklore. The choice of sandy stretches is almost overwhelming: there are bays scattered with boulders resembling Picasso paintings; shores lined with rustic rum shacks; and secret coves where hermit crabs are the only company.

Dreamy scenes of sunset walks along the surf have always attracted honeymooners, but the true romance of the Seychelles lies elsewhere. Undulating, jungle-wrapped mountains create a hikers paradise, while healthy coral reefs are an underwater playground for snorkellers and scuba divers.

The conservation story is also commendable. Islanders have worked hard to eradicate invasive species, allowing native birds to flourish, and the government has committed to making 30 per cent of its waters a protected marine zone. Championing a sustainable local economy is an exciting new generation of Seychellois, setting up businesses to offer environmentally sensitive tours.

Although most big resorts are internationally owned, its now much easier to sample the countrys culture. Connected by an efficient ferry service, the inner islands Mahe, Praslin and La Digue offer a taste of local living at prices to fit all budgets. But as the Seychellois will tell you every island has unique appeal. In fact, theres a coralline or granitic outcrop to suit all sorts of traveller. Enjoy privacy and indulgence on Felicite, delve into nature on Praslin or venture farther afield to the magical outer islands of Alphonse and Desroches for excellent diving and absolute tranquillity.

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Variety Cruises, The Greek-owned small ship company, brings passengers back to the Seychelles – Travel Daily News International

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An odyssey in the Garden of Eden: Variety Cruises relaunches its popular, year-round itineraries in The Seychelles from late December 2021 through 2024 with an enhanced guest experience highlighting local farm to table dining, a fresh juice bar, a refined onboard bar and lounge, and tours that go beyond the ordinary exploring the beauty and rich culture of this exotic destination.

The soft adventure itineraries offered by Variety Cruises include nature walks exploring native wildlife, daily swim and snorkeling stops and optional diving excursions. An ideal destination for summer and winter, guests can island hop along the beautiful string of lush, tropical locales including exclusive visits to the islands of Felicite and Moyenne. At the uninhabited islands of Aride, Cousin, and Curieuse, the ships land with local boats where park rangers pick up passengers from the beach for exclusive guides through the protected nature reserves and share their personal stories. Local gastronomy is prepared by the ships chefs on the beach in Curieuse and Moyenne, while dive enthusiasts will explore excursions in Mahe and Praslin.

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ADA Finance Wins ‘Best DeFi Project of the Year’ at AIBC Summit, Roger Ver Joins as Investor – GlobeNewswire

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VICTORIA, Seychelles, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Cardano and Avalanche-powered DeFi ecosystem ADA Finance has been announced as the winner of the highly anticipated "Best DeFi project of the Year" award at the 2021 AIBC Summit in Malta.

The win took place on Nov.16, in unison with the addition of early Bitcoin investor Roger Ver, who has joined the project as an investor. These big announcements have synchronized perfectly for ADA Finance, with the project's IDO just one month away in mid-December, 2021.

Best DeFi Project of the Year

Cross-Dual-Chain DeFi ecosystem ADA Finance has beaten some serious industry contenders to take the highly coveted prize of the "Best DeFi Project of The Year" award at Europe's premier event for blockchain, AI, and emerging tech, AIBC Summit, Malta.

ADA Finance is the first Cardano-based project to win the award, beating other highly revered projects, including community-focused DeFi token Safemoon, and PoW/DPoS hybrid consensus ABEYFoundation.

These recent achievements have put the spotlight on ADA Finance, with the project now joining the ranks of the awards previous winners, MakerDAO, and AI-powered DeFi portfolio project SingularityDAO.

Roger Ver & Other Big Names Join the Party

The success of ADA Finance has caught the attention of Bitcoin investor and blockchain advocate Roger Ver. Known widely as "Crypto Jesus", Ver was an early investor in Bitcoin back in 2011, and the previous CEO of Bitcoin.com.

Known for his past involvement in successful blockchain projects, Ver has invested in Ripple(XRP), Kraken, Shapeshift, and Bitpay. More recently, Ver has shifted his focus to the DeFi market with a sizable investment in decentralized oracle service provider XFai.

The project has also landed an A-list Influencer line-up alongside Ver, including YouTube sensation Carl "The Moon" and other notable names Crypto Banter, and MMCrypto. With a star-studded line-up bullish on the already successful project, all focus is now on the platform's ADAFI token IDO in mid-December.

First Publicly Released Code on Cardano

ADA Finance has chosen to take the innovative route of releasing its code on a public repository, becoming the first ever project built on Cardano to do so. The code is released under the GNU General Public License. This means that anyone can fork the code, as long as they also make their own staking code public.

ADA Finance is initiating this movement for the entire Cardano ecosystem, hoping that more projects will follow. This pioneering move speaks to the heart of the Cardano philosophy, and promotes openness and trust across both Cardno and the greater blockchain industry, with trust, fairness and potential for massive growth just some of the resulting benefits.

In addition, ADA Finance has recently announced an Academy Program with Bitdegree to help create awareness for Cardano blockchain development, and help to foster further involvement from the wider coding community. The program will also help to build a strong, sustainable ecosystem and grow talented, fully certified smart contract developers as Cardano grows as a layer one project.

With the "Best DeFi Project of the year" award as a springboard, a highly innovative blockchain, Academy Program, industry support, pioneering Cardano philosophy, and upcoming IDO, ADA Finance looks to be a contender for the hottest DeFi project going into 2022, and beyond.

ADA Finance SocialsTwitter | Telegram | Whitepaper | Facebook | LinkedIn | Docs

Media Contact DetailsContact Name: ADA FinanceContact Email: marketing@adafinance.io

ADA Finance is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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What the Pandora Papers Reveal about Brazil – Inkstick

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The Pandora Papers, the largest cross-border investigative journalism work in history, with contributions from 600 journalists and 150 media outlets from all over the world, unveiled a legal-financial web that benefits the worlds rich and powerful from almost 200 countries. Nearly 12 million files in 2.94 terabyte of confidential information have been exposed to show transactions from 14 offshore services providers and 38 low tax jurisdictions, including the British Virgin Islands, Panama, Belize, Seychelles Islands, and Hong Kong. The Pandora Papers also leaked information on more than 2,000 Brazilians.

Many structures in low tax jurisdictions are complex and opaque. In an attempt to create transparency, the Financial Action Task Forcehas just proposed changes to its beneficial ownership standard, which is meant to further develop access to information about beneficial owners of organizations that include companies and trusts. Transparency International, a self-defined global movement working in over 100 countries to end the injustice of corruption, created a Global Corruption Barometer in 2003 to be able to better track corrupt actions, like bribes. It is, however, still hard to know how much of the wealth in or through offshore structures is linked to illegal, unethical, and illicit conducts and how much of it is not and that will likely take some time to change globally.

THE STRUGGLE WITH TRANSPARENCY

The Pandora Papers cast a doubt about how seriously some countries take their anti-bribery and anti-money laundering laws and revealed an important contradiction. On one hand, there is a great deal of demand to keep pressure on those countries that are struggling with corruption and urge them to reduce it within their borders by passing and enforcing a variety of anti-bribery and anti-money laundering laws. On the other hand, there is peer pressure on the various laws themselves, ensuring that they are not too restrictive, resulting in laws that dont have teeth to actually reduce corruption.

Another issue that the Pandora Papers revealed is the problem with registers, and how accessible they should be. Countries that historically were considered low tax jurisdictions or tax havens have implemented access to registers for verification of beneficial ownership. In Malta, for instance, a search of beneficial ownership costs merely 5 Euros and it can be done online. Many records are freely available in Luxembourg as well. However, in the Caribbean, the favored tax haven, searches are more costly and some systems are not fully online.

THE CASE OF BRAZIL

Brazil has the fifth largest group of citizens named in the Pandora Papers. The list includes Minister of Economy Paulo Guedes, the President of the Central Bank Roberto Campos Neto, and well-known business people, such as: Andrea, Eduardo, and Fernando Parrillo, owners of the Prevent Senior health plan; Luciano Hang, owner of the Havan department store chain; and Rubens Menin and his children, owners of MRV (one of Brazils largest real estate companies), Banco Inter (Brazils first digital bank), and CNN Brasil, and several others.

Revelations from the Pandora Papers have highlighted the need for a careful review of Brazils anticorruption and anti-money laundering laws.

What is the problem if Brazils Minister of Economy, his wife, and daughter were shareholders and managers of a British Virgin Islands company that owns deposits close to $10 million USD unearthed by the Pandora Papers while the countrys currency suffers from acute devaluation? In other words, can a Brazilian senior official, and/or his immediate family, be owners of an offshore company? To add more complexity, what if the same senior officials office is responsible for tax benefits of investments in low tax jurisdictions, even if he/she does not manage the offshore company, as the management was delegated to a spouse or child? What if a trust or a Private Trust Company is used?

According to Brazils laws, it is not necessarily illegal for an individual or a legal entity to establish or keep offshore companies if investments are declared locally. Many investments of the kind may be legal even if the benefits may be ethically debatable. Yet, findings from the Pandora Papers have highlighted the need for a careful review of Brazils anticorruption and AML laws.

Brazils Clean Company Act, for example, deals with conflicts of interest and the use of privileged information. Senior officials must avoid or prevent possible conflicts of interest and safeguard privileged information, and that includes a duty to refrain from acting in the interest of a legal entity in which they, their spouses, partners or relatives are part of (), and that may benefit from or influencing their acts. The 1992 Administrative Improbity Act has changed it for a softer version by Brazils Congress where liability will heavily depend on a showing of a Brazilian version of willful misconduct.

Although Brazils Minister of Economy had declared the offshore company before he took office to local authorities, as requested by domestic legislation, he sits on the National Monetary Council, which has broad authority over the countrys economic policies. Importantly, the Code of Conduct for Senior Officials of 2000 prohibits investing in assets whose value or price may be affected by a governmental decision or policy due to the position held and the fact that they have privileged information (Article 5 1 Code of Conduct for Senior Officials of 2000). More recently the press reported that the Minister of Economy had disclosed his resignation as manager of the BVI company he still owns, but there was nothing quite as clear about a continuing role played by his wife or daughter after he took office in 2019.

MORE QUESTIONS

Brazil, of course, is just one country that is grappling with the findings of the Pandora Papers. Brazils case highlights, however, four important questions that need to be asked at the global level.

The first question is about the potential for conflicts of interest. Shouldnt the government have more tools in place to ensure that conflicts of interests are revealed? Laws are never enough but legislation with simple and clear implementation mechanisms, and appropriate sanctions and penalties, should be a priority, especially in Brazil.

Second, what requirements were made, enforced, and applied at the low tax jurisdictions named in the Pandora Papers? Another focused investigation is needed.

Third, did the organizations named in the Pandora Papers conduct any kind of due diligence of its members, especially governmental officials and their immediate family members, including spouses and children? In other words, did these organizations address the various conflicts of interest? And if so, how? More information about the due diligence process would be helpful in better understanding how so many political figures could be able to get away with immoral or even illegal activity for so long, and the institutional mechanisms they used to do so.

The fourth question, in connection with the previous one, is about the celebrated acronym KYC or Know Your Customer that financial services and other industries have used for decades to prevent money-laundering. KYC became particularly important after the Sept. 11 attacks, where counterterrorism and illicit financing caught the worlds attention. The revelations of the Pandora Papers, however, raises the question: Was the policy just for show and an attempt to hide ownership of shell and other questionable companies by prominent individuals? After all, the financial sector claimed to know the customer.

In other words, there could be still more corruption to unearth.

Ligia Maura Costais the Director of FGVethics research center, full professor at Getulio Vargas Foundation Business School So Paulo (FGV EAESP), and a lawyer in Brazil.

Roberto di Cillo is a Senior Research Fellow at FGVethics, a lawyer, and a member of the Union Internationale des Avocats in Brazil.

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OKEx reveals over 300% growth in trading volumes this year – GlobeNewswire

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VICTORIA, Seychelles, Nov. 17, 2021 (GLOBE NEWSWIRE) -- OKEx a top cryptocurrency exchange and DeFi ecosystem today reported 308% growth in total trading volumes over the past year. OKEx's total trading volume of all listed assets grew from $1.8 trillion in October 2020 to $7.4 trillion as of October 2021.

Breaking down this massive growth, perpetual swap products on OKEx saw the highest increase, with trading volume growing by 455% year-over-year. Cryptocurrency spot and futures products also saw impressive growth in terms of trading volumes up 365% and 209%, respectively.

In October 2021, BTC, DOGE, SHIB, OKB, ETH and SOL were among the top-10 assets with the highest trading volumes on OKEx spot markets. Total spot trading volumes for the 10 assets combined reached a monthly high of over $6.5 billion, which reflects increasing industry-level interest in dog-themed memecoins, as well as decentralized finance.

OKEx's notable growth in trading volumes is accompanied by the firm's market-leading push into the DeFi, GameFi and nonfungible token (NFT) spaces. This fall, OKEx launched a DeFi mode on both its website and mobile app, featuring a bespoke Web 3.0 wallet, as well as an NFT Marketplace and play-to-earn crypto gaming center. The platform also recently launched an advanced trading feature, portfolio margin, specifically designed to improve capital efficiency for professional and institutional traders.

We are extremely pleased to witness this positive growth trajectory over the past year, said OKEx CEO Jay Hao, adding:

This would not have been possible without the support from our valued customers the trusted OKEx family. In the past year, we upheld our commitment to better serve our customers with the launch of various offerings, including the new DeFi mode on OKEx, which includes a self-custodial, decentralized wallet, as well as an NFT Marketplace and blockchain game center.

To cater to institutional and professional traders, a CME-like portfolio margin system was introduced as part of our efforts to build the worlds most powerful trading platform for crypto traders. As we celebrate our fourth anniversary, we look forward to expanding our offerings and further growing our family in the global markets.

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JZZ Technologies, Inc. Joins with GenBio, Inc., Nutrific, and NutraEdge Biosciences Corp. to Create New Bioscience Products Company Focused on…

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Working with respected bioscience companies GenBio, Inc., Nutrific, and NutraEdge Biosciences Corp., JZZ Technologies, Inc. intends to launch a new bioscience products venture developing and marketing novel therapeutics utilizing natural compounds for age-related healthcare issues.

Palm Beach, Florida--(Newsfile Corp. - November 16, 2021) - JZZ Technologies, Inc. (OTC Pink: JZZI) has signed a Letter Of Intent (LOI) to join with biotech company GenBio, Inc., and bioscience company Nutrific of Aliso Viejo, California, to create a new business venture in the Life Extension and Longevity sector. The new entity, which will operate under the NutraEdge Biosciences Corp. brand, contemplates utilizing product development, research, and existing human resources of GenBio, Inc., and Nutrific in its pursuit of therapeutics for various medical ailments and age-related health issues.

Under the terms, JZZ Technologies, Inc. will acquire 100% ownership of NutraEdge Biosciences Corp.

GenBio Inc. and Nutrific are focused on rapidly developing a new range of natural extracts to enhance health. GenBio CSO, Professor Lindsay Brown, a former Professor of Biomedical Sciences, University of Southern Queensland, Australia, leads the research of the company's formulations and products.

Professor Brown is a Fellow of the International Academy of Cardiovascular Science with 35 years of scientific research that encompasses an emphasis on drugs acting on the heart and associated Rific blood vessels and endocrine organs.

GenBio CEO Giles Tilley has been involved with and directed international research into rare extracts since 2010 and initially worked alongside the pioneering investigational scientific teams who made a major medical breakthrough with a natural extract. He then amassed further worldwide research with other scientific teams who were also investigating specific properties for the same new, disruptive molecular platforms for pain relief, anti-inflammation, and age-related health issues.

In 2014, Mr. Tilley was the first person to bring the rare extract to the United States for further phytochemical research. The subsequent medical findings, which have global implications for medication, make it imperative to take the research through an Investigational New Drug (IND) Program and into licensing. GenBio, Inc. intends to be the first company in the world to isolate and fractionate core molecules based on its remarkable findings.

Nutrific continues to refine an entirely new range of never seen before nutraceuticals for various medical ailments, immune boost, and human life extension in this area.

The venture between JZZ Technologies, Inc. and NutraEdge Bioscience Corp. will focus on three prolific target markets with significant projected growth over the next decade:

Anti-inflammatory Market: Amid the COVID-19 crisis, the global market for Anti-Inflammatory Therapeutics, estimated at US$97.8 Billion in the year 2020, is projected to reach a revised size of US$130.9 Billion by 2026.

Pain Management Market: The global pain management drugs market was valued at $71,431.85 million in 2019 and is projected to reach $91,649.16 million by 2027, registering a CAGR of 3.8% from 2020 to 2027.

Anti-aging Market: From $194.4 billion in 2020, the global market for anti-aging treatments is set to cross $422.8 billion by 2030, at an 8.6% CAGR between 2021 and 2030.

The new NutraEdge Biosciences brand venture will focus initially on five therapeutic products in these well-defined medical categories:

All of the healthcare products to be introduced on an expedited basis will include the following criteria:

The key to NutraEdge Biosciences Corp.s' continuing strategy is its strong focus on the commercialization of the five initial therapeutic products supported by well-designed market development strategies with global application. This creates the opportunity to address massive untapped areas of the target markets and provide commercialization of its products, related research, and "spin-off" health products.

JZZ Technologies will arrange for capital to initiate the research and ongoing development of products under the NutraEdge Biosciences Corp. umbrella. JZZ Technologies also intends to use its entire cadre of digital marketing platforms to bolster the rollout and continuous commercial application of products.

Giles Tilley, CEO of GenBio, Inc. states, "This new licensing venture with JZZ Technologies, as envisioned, will give us an immediate leg up on the commercialization of our breakthrough nutraceutical formulas. These are important, potentially life-changing products aimed at vast natural healthcare markets. We have a strong background in the early formulation and development of rare, largely unknown bioactive extracts. JZZ Technologies brings a whole new dimension to our business through their funding capabilities with access to capital markets, as well as proprietary sales and marketing channels. We are well aligned to complement the JZZ Technologies' business model and foresee tremendous and rapid progress as our new venture launches, along with a lucrative partnership."

Charles Cardona, CEO of JZZ Technologies, Inc., stated, "We are very excited to be working with the world-class team that GenBio, Inc., Nutrific, and NutraEdge Biosciences Corp. bring to the table. Our focus is acting as a platform to deliver products that can potentially improve life quality and contribute to human longevity. We are confident that the NutraEdge Biosciences venture will play an industry-leading role in this important space."

Management expects that the transaction will close at the conclusion of a standard 30-day due diligence period.

About GenBio Inc.

Based in Aliso Viejo, California, GenBio, Inc. (www.genbioinc.com) is an early-stage biotechnology company researching novel therapeutics from a variety of extracts. Based on recent US research, the company has created an Investigational New Drug (IND) research program from novel natural compounds that are highly effective as anti-inflammatory agents. CSO, Professor Lindsay Brown, is a renowned international researcher leading GenBio's product development and research. The company also has access to other global scientific teams that are investigating specific properties for the same new, disruptive molecular platforms for pain relief, anti-inflammation, and age-related healthcare issues.

About JZZ Technologies, Inc.

JZZ Technologies, Inc. is a diversified technology company rolling up projects and partnerships in two distinct business sectors that operate cohesively; its digital media business includes online media and apps (activelifestylemedia.com), content creation, digital marketing, streaming video content, publishing, and free over-the-air television (EyeOnTV) targeted at active adults 55+. The Company's other business is focused on strategic biotechnology and bioscience acquisitions related to Human Life Extension and Human Longevity that can be immediately leveraged to support improved quality of life for aging populations.

DISCLAIMER and FORWARD-LOOKING STATEMENTS

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the OTC Markets. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates, and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct. Investors are cautioned that actual results may differ materially from the anticipated results.

Contact: JZZ Technologies, Inc. Charles Cardona, CEO Email: ccardona@jzztechnologies.com Website: https://www.jzztechnologies.com/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103721

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Adrenomyeloneuropathy Treatment Market Report Covers Future Trends With Research 2021-2028 Ascend Biopharmaceuticals, Novadip Biosciences, Eureka…

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Steroid Replacement TherapyStem Cell Transplant

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HospitalsClinicsAmbulatory Surgical CentersOthers

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Table of Contents

Global Adrenomyeloneuropathy Treatment Market Research Report 2021 2027

Chapter 1 Adrenomyeloneuropathy Treatment Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Adrenomyeloneuropathy Treatment Market Forecast

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