According to Nick Ferris—publisher of Euromoney’s Institutional Investor and the Real Estate Finance & Investment subscription newsletter—the acquisition is consistent with Euromoney’s strategy and “will enhance Real Estate Finance & Investment’s existing coverage of REITs and provide a platform to continue to build both products under the same expert editorial team.”Ferris told FOLIO: Euromoney Institutional Investor will increase REIT’s workforce as par of its investment. “It’s a profitable business and we expect to grow it substantially over the next few years,” he said.Euromoney Institutional Investor publishes more than 100 magazines, newsletters and journals, including the leading financial market titles Euromoney and Institutional Investor. London-based Euromoney Institutional Investor—publisher of several trade publications primarily in the international finance sector—has acquired REITcafe.com, a provider of news, data and podcasts for Real Estate Investment Trust investors.Financial terms of the deal were not disclosed. Founded in 2005 by Anatole Pevnev, REITcafe.com is the primary Web site for global REIT information and analysis, with 6,000 registered users and an archive featuring more than 200 podcasts. The site also provides access to more than 60 quarterly earnings calls, an industry-specific news feed and a weekly newsletter.
WILMINGTON, MA — Wilmington Apple recently caught up with Becky McGrath, lead organizer of We’re One Wilmington’s Festival of Trees, for five quick questions.What’s it like planning one of Wilmington’s most popular community events?“I have a lot of help; it’s certainly not just me. I’ve got an awesome team of 12 volunteers. For example, Karin Bloom takes care of the bake sale. Tammy McElligott handles all the decorating. Nathalie Hayduk takes care of all the entertainment. Jomarie O’Mahoney and Catherine Maiella take care of our Member Social. Jen Bolanos and Pam Almedia tag all the ornaments on the Angel Tree. And we have other team members as well helping out wherever they can. Planning starts in the summer. It’s hours and hours of work put in by tons of people. But it’s really a pleasure. They’re all amazing people to work with. We work really well together.”Are there any changes to this year’s Festival of Trees compared to years past?“Yes, the biggest change this year is we opened a day early, although not to the general public. The event is getting more and more crowded each year. We wanted to make it a more comfortable atmosphere for folks who might be older or need room for wheelchairs and walkers. We invited the Senior Center to come out on Friday morning. A couple of groups from Windsor Place are coming on Friday afternoon. The teachers and staff of Wilmington Public Schools have also been invited to come on Friday after school. Lots of the teachers don’t live in Wilmington, so they may not want to make the drive back to town on the weekend. There’s a lot of trees this year decorated by schools and student groups.”How many donations are you anticipating this year?“We’re estimating 118 donations, which includes 60-70 tall trees. It’s definitely a record year for donations. I think we’re reaching the maximum allowed for the venue. When you visit this weekend, just think of all the people — hundreds of community members — who put their heart and soul into these trees. We’re so grateful to the community.”How many people attend Festival of Trees each year? Will the event ever outgrow Villanova Hall?“Based on raffle ticket sales, we suspect about 2,000 people come through during the weekend. We really like where we are. The location keeps it feeling like a nice a community event. It’s so close to the Common. It’s really convenient for all the other activities going on, including the Town Tree Lighting on Saturday night and the Sons of Italy’s Breakfast with Santa on Sunday morning at the Knights of Columbus. It really is just the perfect spot. I think we’ll stay here, we just might have to cap the number of donations at 120, our magic number.”How much does the Festival of Trees raise each year? Where do the funds go?“Each year it climbs. The amount raised almost doubles each year, which is pretty amazing. Last year, after expenses, we cleared $50,000. And that’s without charging any admission fee — that’s raffle sales and bake sales.The event’s proceeds allows We’re One Wilmington to do so many things. We recently made a $2,000 sponsorship to the Elderly Services Department’s new Memory Cafe. We sponsored the “Revive Civility” program at the Wilmington Memorial Library. We purchase holiday gifts requested by Wilmington families. We’re supporting 21 families this year. We paid over $3,000 in utility bills for people in emergency financial need. We have care packages we send out to residents who are struggling financially or emotionally. We hand out $8,500 in scholarships annually. And that’s just the tip of the iceberg.”BONUS QUESTION: Which is your favorite tree this year?“I have to admit, the cupcake tree is my favorite. It’s so adorable.”Becky McGrath (bottom left) and some of her team of organizers.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email email@example.com.Thank You To Our Sponsor:Share this:TwitterFacebookLike this:Like Loading… RelatedWe’re One Wilmington Still Looking For Donations For Festival Of TreesIn “Community”We’re One Wilmington Still Looking For More Trees For Festival Of Trees, Announces More Event DetailsIn “Community”PHOTOS: Becky McGrath Named 2017 Wilmington Good GuyIn “Photo of the Day”
ECB presents new 20 euro bill154 viewsECB presents new 20 euro bill154 views00:00 / 00:00- 00:00:0000:00ECB presents new 20 euro bill154 viewsBusinessCrisp and fresh off the press. Few can resist the feel of a brand new banknote. This the euro zone’s new 20 euro bill. It’s the third in the Europa series gradually replacing the original notesVentuno Web Player 4.50Crisp and fresh off the press. Few can resist the feel of a brand new banknote. This the euro zone’s new 20 euro bill. It’s the third in the Europa series gradually replacing the original notes
The Enforcement Directorate on Monday raided several firms and their premises across New Delhi, Mumbai and Hyderabad, freezing over Rs. 86 crore shares held by them in ventures abroad, reported Press Trust of India. The raids were part of the agency’s probe into Rs. 3,600 crore AgustaWestland VVIP chopper deal.Officials reportedly said the agency seized a number of documents during the searches as they were connected to the case. It also ordered freezing of shares worth Rs. 86 crore of firms based in Dubai, Mauritius and Singapore.The report noted that both the ED and the CBI have issued judicial requests to many countries in order to collect more evidences and proofs.AgustaWestland’s parent company Finmeccanica allegedly paid Rs. 360 crore kickback to Indian individuals and enterprises to secure the deal. The deal involved selling 12 helicopters to be used by VVIPs in India and was masked as transactions performing multiple work contracts, reported IANS.Under the prevention of money laundering act (PMLA), the ED registered the case in 2014 and has so far listed 21 people in its FIR. Former Air Force Chief S.P. Tyagi, businessman Gautam Khaitan, Italian middlemen Christian Michel James, Guido Ralph Haschke and Carlo Gerosa have been named in the FIR.The Indian government in January 2014 cancelled the deal alleging breach of contractual obligations and charges of bribery. However, investigation in Italy reached a new crescendo with the chief executive of Finmeccanica held guilty of international corruption and money laundering. The court also highlighted that a few politicians too were involved in the corruption in the chopper deal in 2010.
Kempegowda International Airport BengaluruPixabayBengaluru’s Kempegowda International Airport (KIA) will soon have biometric facial recognition technology at the boarding points. The technology is already available at Hyderabad’s Rajiv Gandhi International Airport under the Narendra Modi government’s Digit Yatra initiative.”As an outcome of trials conducted and proof of concept established over 24 months ago, BIAL is implementing a biometric-based passenger boarding process at the KIA. It will ensure quick, seamless boarding for passengers,” Bangalore International Airport Limited officials told The Times of India.At the moment, travellers are required to show their boarding pass at multiple checkpoints. However, with facial recognition, travellers will have to show their documents and have their faces scanned at one point.Reports state that the first phase will be rolled out by July-end and will be implemented at the domestic terminal. After the trial run and the technology flows smoothly, it will be implemented for international passengers after the go-ahead by the government as well as other approvals by regulatory authorities.KIA in Bengaluru has already a body scanner initiative trial in place at the security checkpoints. Those travellers who don’t want to go through the body scanner will be frisked. Before installing the body scanners, a trial run at KIA began on July 1 and is expected to go on for three to four weeks.The body scanners will be situated at airports deemed as ‘hypersensitive’. The other airports include Delhi, Mumbai, Amritsar, Kolkata, and Hyderabad. Along with them, three airports in Jammu and Kashmir are also included in the list, reports Hindustan Times. This initiative was made mandatory by the Bureau for Civil Aviation Secretary (BCAS).One of the reasons to implement the new technology is to reduce the amount of time spent at the counter which leads to congestion and help make travel more efficient and hassle-free.
Paradise Papers: Everything you need to know about the leak As Paradise Papers seem to have opened a can of worms, naming hundreds of people and firms who have transferred funds to tax havens, many individuals and firms have been forced to release statements clarifying their stand. The trove of 13.4 million files was released by the International Consortium of Investigative Journalists (ICIJ), in association with 96 news organisations, and over 700 Indian firms and individuals have been pulled up.The Paradise Papers also raised a few questions on liquor baron Vijay Mallya and the dealings of his company United Spirits Limited India (USL). The brand was sold to the Diageo group in 2013 and the latter is said to have gotten in touch with a law firm to carry out a restructuring process. While this may sound routine, the process was for the purpose of diverting funds from USL to a firm in the British Virgin Islands.However, Diageo has now said that the books of USL had many issues in them and all of these errors have been rectified since it took over. The British firm also said that now all the transactions are transparent and legal and all the details have been disclosed to the authorities, reported the Economic Times. A worker looks at a bottle of Johnnie Walker whisky at the Diageo owned Shieldhall bottling plant in Glasgow, Scotland March 24, 2011.Reuters fileIt was also being said that Diageo may have waived off about Rs 10,000 crore debt that Mallya’s firm owed. The amount is much larger than the Rs 1,225 crore that Diageo had reported to the Bombay Stock Exchange. However, the British firm has clarified that USL has streamlined all the processes and follows lawful business practices.”USL has now strengthened its corporate governance, compliance practices and controls systems,” ET quoted a Diageo spokesperson as saying. “While under the control of former chairman Dr Mallya, USL advanced loans to subsidiaries.”These intra-corporate loan arrangements pre-dated Diageo acquiring its interest in USL in July 2013. After Diageo took control of USL, all outstanding loan amounts have been disclosed and adequately provided for in company accounts, in accordance with applicable accounting principles.”As per Indian Express’ report on the Paradise Papers, Appleby had helped divert $1.5 billion from USL Holdings Limited, an organisation in the British Virgin Islands, which is a tax haven, to three of the subsidiaries in the UK. However, Diageo has denied these claims. “There is absolutely no truth to speculations that Diageo has let go a sizeable number as write-offs without making any attempts to recover it,” a Diageo official explained. Force India co-owner, Vijay Mallya, leaves after an extradition hearing at Westminster Magistrates Court, in central London on June 13, 2017. REUTERS/Hannah McKayThe Paradise Papers have created quite some news with about 180 countries being named. India ranks 19th when it comes to the number of companies and individuals who have stashed money in tax havens. The list centres around two firms, Bermuda’s Appleby and Singapore’s Asiaciti which are said to have helped these firms and individuals evade taxes.While a lot of names have cropped up in these papers, including Queen Elizabeth II and Canadian Prime Minister Justin Trudeau’s chief fundraiser, Indians aren’t far behind. The leaked list features 714 Indian firms and citizens, such as Union Minister of State for Civil Aviation Jayant Sinha, Bollywood star Amitabh Bachchan, Sanjay Dutt’s wife Manyata, Jindal Steel, Apollo Tyres, GMR Group, Hindujas, Videocon, and the Hiranandani Group to name a few. Close
Representational image of gold bullion. Reuters file photoCustoms officials detained two people along with gold bars weighing 1.4 kilogramme at Hazrat Shahjalal International Airport in the city on Thursday, reports UNB.Sources at the airport said a customs preventive team challenged the duo—Anwar Hossain, a resident of Mymensingh, and Tapan Chandra Pal of Lakshimpur—following their suspicious movement while crossing the green channel in the afternoon. The customs officials recovered 1.4 kg of broken gold bars, hidden in their bags, worth around Tk 7 million, said assistant commissioner of customs preventative team Saidul Islam. Anwar and Tapan arrived in Dhaka from Singapore by a Biman Bangladesh flight that landed at the airport around 6:15pm.
Illustration of the new optical lens with a near-unity numerical aperture. Credit: Paniagua-Domínguez et al. ©2018 American Chemical Society This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. The researchers, led by Arseniy Kuznetsov and Ramón Paniagua-Domínguez, at A*STAR (Agency for Science, Technology, and Research) and Nanyang Technological University, both in Singapore, have published a paper on the lens with near-unity numerical aperture in a recent issue of Nano Letters.Previously, the highest numerical aperture for a free-space lens was 0.95, which corresponds to a maximum collection angle of around 72°. Due to the way these lenses are made, they are also large and expensive, and so cannot be easily scaled down to work with very small systems.With its numerical aperture of 0.99, the new lens has both a higher resolution and a larger collection angle of 82°. The new lens is made of a metasurface rather than traditional lens materials. The metasurface consists of a pattern of subwavelength-scale structures and has an overall thickness of less than one wavelength of light, resulting in a small size that greatly expands its potential applications.”High-numerical aperture lenses/microscope objectives are major optical components that are widely used in microscopy, optical detection systems, optical lithography, quantum optics, etc.,” Kuznetsov told Phys.org. “Having a high numerical aperture is of primary importance in achieving a high resolution and high detection level of optical signals. Currently existing high-numerical-aperture lenses/microscope objectives are bulky and expensive. In this work, we showed that, using a new concept of metasurfaces based on dielectric nanoantennas, it is possible to design and realize flat optical components that can achieve a numerical aperture higher than all existing optical objectives, using just a device just a few hundred nanometers thick.”To demonstrate the advantages of the new lens, the researchers used it to image nitrogen-vacancy centers in diamond nanocrystals, which are several tens of nanometers in size. The images scanned by the new metalens revealed smaller spots compared to images scanned using commercial lenses with smaller numerical apertures, demonstrating the new lens’ higher resolution.The researchers expect that, in the future, the new lens may also be used to make improvements to photolithography, which is used to produce computer chips and other high-resolution devices. In addition, the new lens’ wide-angle collection is expected to increase the efficiency of single-photon emission processes, which are used in quantum optics systems.”We believe that this new concept will find broad applications in areas where detection of weak optical signals is important,” Kuznetsov said. “One example is in quantum optics, which deals with systems containing only single atoms or quantum emitters emitting light at the single-photon level. Such flat lenses not only allow for the detection of weak optical signals, but also can operate at extreme conditions of low temperatures and in vacuum, which is typical for quantum optics experiments.”Another important application direction could be in wearable and mobile photonic devices, where dense integration of high-efficiency optical components is required. For example, the lenses could find applications in mobile phone cameras and augmented reality glasses.” Nanostructured thin-films that can bend light by large angles could be a replacement for bulky glass optical components Explore further More information: Ramón Paniagua-Domínguez et al. “A Metalens with a Near-Unity Numerical Aperture.” Nano Letters 18, 2124–2132 (2018). DOI: 10.1021/acs.nanolett.8b00368 Researchers have designed an optical lens with the highest free-space numerical aperture to date, achieving a value of just under 1. As the numerical aperture indicates the highest possible resolution that a lens can attain, the new lens can focus light with unprecedented ability, as well as collect light from wide angles. These abilities should make the lens particularly useful for low-light applications, such as single-photon emission, which is often used in quantum optics systems. Journal information: Nano Letters Citation: Metalens achieves near-unity numerical aperture (2018, March 26) retrieved 18 August 2019 from https://phys.org/news/2018-03-metalens-near-unity-numerical-aperture.html © 2018 Phys.org
4 min read Register Now » Opinions expressed by Entrepreneur contributors are their own. In the world of mobile commerce, every second counts. Even the slightest delay can cost your site conversions and your business money. With Google now seriously homing in on site speed as a ranking factor, the adoption of progressive web apps (PWAs) is looking more attractive to any website operator/business owner, and especially to those running ecommerce sites.For those unaccustomed to the advantages of PWAs — or even what they look like — the easiest way to define them is a website modeling the features, user interface and user experience an app. This includes mimicking the layout, home screen icon, push buttons and notifications you would usually associate with an app, but all operating from your browser, and offering the same usability on mobile as on desktop.They are also significantly easier to build compared to native apps, as they don’t rely on complex coding: They can be built using the same code as your site and work the same way across iOS and Android phones.Here are some more of the advantages of using a PWA over a native app for your business.Related: A Step-by-Step Guide To Building Your First Mobile AppPush notificationsOne of the biggest advantages of PWAs is they can offer your customers push notifications, alerting them to new products, sales and updates. The benefits of getting your message and products/services immediately into the hands of your consumer can’t be overstated. The savings on marketing spend alone makes obvious business sense, along with the boost to your branding, keeping your business at the forefront of your market’s minds.CachingThrough the use of a service worker and cache API, PWAs can function offline, meaning your customers don’t need a mobile connection to access your site or store. The caching function stores your layout elements and loads them into the browser, significantly increasing load times and decreasing bounce rates, which is — let’s face it — the death of any conversion opportunity. The faster your visitors and potential customers traverse their way through the purchasing journey, the more likely they are to not just make the purchase but return in the future (more on conversions below).Related: 15 Useful Tech Tools for Your BusinessApp market saturationPWAs serve as an excellent means of rising above the saturated app market. There are approximately 2 million apps available on iPhones and nearing 4 million on Android phones. Among the retail giants stands Amazon, the only retail app among millions within the top 100 downloaded apps. Cutting through those numbers to get on the radar of your customers is a tricky feat, and there is never a guarantee they will download an app for your store. A progressive web app offers the benefit of working across all devices, requiring less upfront cost.Related: 8 Online Careers You Can Start Today From HomeIncreased conversionsThere’s a lot that can be said for making your customers’ purchasing journey as easy as possible, and those businesses that have implemented PWAs have seen the benefits. For example, Best Western River North (in Chicago) saw a 300 percent increase in revenue and 500 percent in bookings compared to the conversion rates of its old website. In summation, PWAs are simpler and typically cheaper to build, effortlessly work across the majority of smartphones and browsers, are more likely to be adopted and used by consumers, are faster to load, and lead to increased conversions. It’s clear to see these are game-changing benefits with lower risk and investment required. And it’s a safe bet that we’ll see a substantial rise in businesses adopting them throughout the year and years to come. August 31, 2018 Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Growing a business sometimes requires thinking outside the box.
Oasys Automated Playout Limited is due to launch and showcase its new line of playout software called Chameleon at IBC.The new product consolidates relevant Oasys software into a single configuration for a variety of channel playout requirements, the firm said.Chameleon is designed to adapt to the broadcast workflow environment in which it is deployed so that operating parameters for specific environment are configured to their most efficient use.“Chameleon is the best example yet of the flexibility and value-added strength of our software solution architecture. We believe it is the ideal way to ensure optimal performance and functionality, unique to every facility in which it is installed,” said Fraser Jardine, vice president of global sales at Oasys.Oasys said it will also use IBC to featuring its strategic partnerships with key broadcast vendors such as Loft London Solutions.Chameleon will present at IBC on stand 8.B16
Michael LangDiscovery Networks International has upped Michael Lang, its UK-based corporate development and digital chief and the former CEO of movie studio Miramax, to president, international development, digital and Discovery Nordics.Lang, who will report to Discovery Networks International president and CEO JB Perrette in his new role, will be responsible for leading the overall business of the Nordic region consisting of Norway, Sweden, Denmark and Finland.Since joining Discovery in April, Lang has worked on digital initiatives including the recently-announced joint venture with Major League Baseball Advanced Media to launch BAMTech Europe, which will provide distribution platforms for sports, news and entertainment clients including Discovery’s own Eurosport Digital.Discovery is among the top three broadcasters in the Nordic territories through its ownership of TV Norge and Kanal 5 as well as its international brands. Discovery said that the region would also be key to its sports ambitions in Europe, particularly following its acquisition of rights to the Olympic Games from 2018.In his capacity as DNI’s Nordic chief, Lang will take over some of the responsibilities previously held by Dee Forbes, whose role as president and managing director of Northern Europe was split after her departure, with Susanna Dinnage taking over as president and managing director in the UK and Ireland, and Benelux being headed up by Alco De Jong under DNI’s CEEMEA division, headed by Kasia Kieli.Forbes left Discovery in April to take over as the first female director-general of Irish public broadcaster RTÉ.Lang will continue to head up DNI’s corporate development and digital efforts outside the US, in which capacity he will report to Bruce Campbell, chief development, distribution and legal officer.“In a little over six months, Mike has delivered tremendous value to our business, such as our ground-breaking BAMTech Europe partnership with Major League Baseball Advanced Media. He is a visionary and strategic leader, who will build on these strengths and unlock new opportunities for our Nordic business,” said David Zaslav, president and CEO, Discovery Communications.“I have known Mike a long time, and he has always demonstrated a unique blend of operational expertise, business development and transformative thinking. Expanding Mike’s role to lead the Nordics business will help us to further secure long-term growth with the help of the highly experienced Nordic management team led by Harald Stromme and Christian Kemp,” said Perrette.
Internet advertising will account for 52% of global advertising expenditure in 2021, exceeding the 50% mark for the first time, according to Zenith’s Advertising Expenditure Forecasts.The figure is up from 47% of global ad-spend that internet advertising will account for this year, and up from 44% in 2018.However, the growth rate is falling rapidly as the internet ad market matures. Internet ad spend grew 17% in 2018, but activity in the first half of 2019 leads us to expect only 12% growth for the year as a whole. By 2021 we expect internet ad spend growth to have fallen to 9% year on year. The growth rate of the internet ad market is starting to converge with the growth rate of the market as a whole.Internet adspend growth is led by online video and social media, which are expected to grow at average rates of 18% and 17% a year, respectively, to 2021.Broadcast television is now beginning to shrink, though not on the same scale as other traditional media such as print. Zenith forecasts traditional television ad revenues to shrink every year from now to 2021, falling from US$184 billion in 2018 to US$180 billion in 2021, when it will have a share of just 26.5% of the total.According to Zenith, much of the growth in internet ad spend is coming from small, local businesses that spend all their budgets on platforms like Google and Facebook. Big brands are investing large sums in internet advertising, but the majority are still spending most of their budget in traditional media.Global ad spend growth will trail behind growth in the global economy as a whole this year, after outpacing it last year, according to data from Zenith.Zenith predicts global ad expenditure will grow 4.6% in 2019, reaching US$639bn by the end of the year. This is slightly below the 4.7% growth rate the group forecast in March.The agency expects advertising expenditure to grow behind the global economy as a whole in 2019- 2021, after it outpaced it in 2018.Zenith previously upgraded its estimate of growth for 2018 from 5.9% to 6.4%.The outfit sees strong growth in North America, oosted by the flood of new small and medium-sized companies using Facebook and Google to advertise for the first time. It estimates that ad spend grew by 8% in both 2017 and 2018, and forecasts 5% annual growth to 2021.According to Zenith, Western and central Europe has seen solid growth since 2014, at 3% to 5% a year. Overall its expects the region to continue to grow at the low end of this range out to 2021, despite a 0.4% decline in Germany this year as business confidence declines. Despite Brexit uncertainty, it expects 3.9% growth in the UK, though this is down 0.6% from a previous estimate.Among other regions, Latin America is set to grow by just 2.2% this year, rising to 4.3% a year through to 2021, while MENA will decline by 4.8% – a recovery following a decline of 47% between 2014-18.Growth in emerging Asia is slowing as China’s market matures, and is expected to achieve 4.7% average annual growth to 2021, excluding Japan, which will grow at 1.7% a year. Eastern Europe and Central Asia together will grow at 7% a year to 2021 after recovering from a decline earlier this decade.Advanced APAC countries – Australia, New Zealand, Hong Kong, Singapore and South Korea – are likely to grow at 4% to 2021, according to Zenith.Television’s share of global ad spend will decline to 26.5% by 2021, according to Zenith.