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July 9, 2020

American Express, Discover, Mastercard and Visa to Power Global Expansion of Simple, Consistent Digital Checkout Experience.

American Express, Discover, Mastercard, Visa

New York, NY; Riverwoods, ILL; Purchase, NY; San Francisco, CA | July 08, 2020 — E-commerce has reached new heights worldwide. As more consumers are going online to make secure, touch-free purchases across various merchants and platforms. Now, it’s more important than ever that the online checkout experience is seamless and consistent across all types of digital channels and cards.

Today, American Express, Discover, Mastercard, and Visa announced they are beginning technical preparations for global expansion of the Click to Pay online checkout in additional geographies. That includes Australia, Brazil, Canada, Hong Kong, Ireland, Kuwait, Malaysia, Mexico, New Zealand, Qatar, Saudi Arabia, Singapore, United Arab Emirates, and the United Kingdom, with others to follow.

Click to Pay aims to make the online checkout secure and straightforward for consumers across the web and mobile sites, mobile apps, and connected devices by replacing time-consuming key entry of personal account numbers and information. The advanced digital checkout solution mirrors the consistent, interoperable checkout experience in physical stores - with one terminal to accept all card payments. Consistent with the goal of interoperability, the vision for the future is that Click to Pay will provide consumers a streamlined experience across any digital checkout environment or network.

American Express, Discover, Mastercard, and Visa announced the universal digital checkout solution in the United States in October 2019. Since then, more than 10,000 merchants have been enabling their customers with the option to click to pay including Cinemark, Crate & Barrel, Expedia, Fresh Direct, Jo-Ann Fabric and Crafts, Joseph A. Bank, the marketplace division of Rakuten U.S., Saks Fifth Avenue and SHOP.com, among others.

For merchants, this checkout solution can help reduce friction during the process of selling goods and services. Merchants can now access a single virtual terminal for multiple card brands, meaning a more straightforward and smoother overall digital checkout experience for consumers.

“Right now, more than ever, demand for fresh food and grocery delivery is at an all-time high, with many new customers trying FreshDirect for the first time,” said Tammy Berentson, chief marketing officer, FreshDirect. “For these new customers, as well as for our loyal following, Click to Pay offers confidence that their transactions will be simple, efficient, and secure.”

Source: Mastercard

|GlobalGiants.Com|


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Edited & Posted by Surender Hastir | 2:14 AM | Link to this Post

July 5, 2020

Reebok: The new Vector Logo and Wordmark reflect the intersection of fitness and fashion.

Reebok

Reebok recently announced that it is unifying its logo and wordmark under one brand, leveraging its most recognizable and distinguished assets - the Vector logo and “drop-R” wordmark.

Reebok said it is fully integrating the wordmark and logo across all Reebok sport and lifestyle products, including footwear and apparel. This evolution shines a spotlight on Reebok’s heritage and connects its rich legacy to its exciting future.

“At Reebok, our mission is to be the best fitness brand in the world. We live at the intersection of fitness and fashion, and our product is a reflection of that connection,” said Matt O’Toole, Reebok President. “As we continue to differentiate ourselves, we’re blurring the lines between our entire portfolio of performance and lifestyle products even more to give our brand one unified presence and voice.”

“Under a unified banner, all of our products and experiences will tell a single story that is clear and consistent,” said Karen Reuther, VP of Creative Direction. “The Vector was created as a logo version of the iconic Reebok side stripes and cross-check design that dates back over fifty years. It is compelling, dynamic, and powerfully linked to some of our most significant cultural moments.”

The Vector logo was first introduced in 1992 and has been used in various forms since, most recently on Reebok heritage and lifestyle products. The new Vector logo is an updated, subtle modern evolution of the original.

Source: Reebok

|GlobalGiants.Com|


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Edited & Posted by Surender Hastir | 1:57 PM | Link to this Post

July 3, 2020

Pepsi India joins hands with the National Restaurant Association of India and Swiggy to support the Restaurant Community.

Pepsi India

New Delhi, July 3, 2020 — Beverage brand Pepsi️ has announced #PepsiSaveOurRestaurants, a fund-raising initiative in association with the leading restaurant industry association, National Restaurant Association of India (NRAI) and leading online food delivery aggregator Swiggy. The initiative aims to provide approximately 2.5 million meals to the restaurant community workers who are in distress.

As part of the initiative, whenever any consumer adds any soft drink to his/her meal order on Swiggy from June 25, 2020, to July 19, 2020, Pepsi will contribute part of the proceeds in respect of each soft drink ordered to the NRAI COVID-19 Relief Corpus. This fund would provide meals (dry ration) to restaurant workers who have served people and are suffering due to these challenging times.

According to Pepsi, the offer is valid on any packaged soft drinks ordered from restaurants listed on the Swiggy platform. It includes carbonated soft drinks, packaged iced tea, packaged juices & packaged juice-based drinks and not just the purchase of Pepsi️.

Speaking about the initiative, PepsiCo India spokesperson said, “The environment that we operate in, matters to us. The restaurant industry is an integral part of our ecosystem, and the ongoing health challenge has severely impacted it. Both restaurants and restaurant workers are struggling. Hence, in our endeavor to find various meaningful ways to provide support to the ecosystem, we found that mobilizing a movement with consumers & providing food security support to our restaurant workers & their families in distress is a timely intervention and need of the hour. Through #PepsiSaveOurRestaurants, we are committed to supporting the ones in need and are extremely thankful to SWIGGY and NRAI for their support and partnership for this initiative.”

Srivats TS, VP - Marketing, Swiggy, said, “During these times when the hospitality sector is facing major setbacks in adjusting to the ‘new normal’ and sustaining themselves, Swiggy focusing on supporting the restaurant community in every way possible. As several restaurants evaluate their next course of action to remobilize their operations, we are happy to assist #PepsiSaveOurRestaurants initiative along with NRAI towards striving to ensure that restaurant workers and their families don’t stay hungry. With this initiative, we hope to help the restaurant workers with an intent to stabilize their lives in these challenging times.”

Anurag Katriar, President of NRAI, added, “While the current pandemic has impacted every sector, it has perhaps manifested itself more sharply on the workforce in the restaurant sector because of the sheer volumes. After all, we are the second-largest employers of human capital in India after agriculture. In light of the magnitude of this problem, the initiative of Pepsi India to help the employees of the sector in distress is highly applaudable. On behalf of NRAI, I express my heartfelt gratitude to Pepsi India and thank them for their beautiful gesture and generous contribution. This contribution will help us provide food to families of thousands of marginalized workers in the industry and will further cement our relationship with Pepsi.”

PepsiCo entered India in 1989 and has grown to become one of the most abundant MNC food and beverage businesses in India. PepsiCo India has been consistently investing in the country and has built an expansive beverage and snack food business supported by 62 plants across foods and beverages. PepsiCo India’s diverse portfolio includes iconic brands like Pepsi, Lay’s, Kurkure, Tropicana 100%, Gatorade, and Quaker.

Source: PepsiCo India

|GlobalGiants.Com|


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Edited & Posted by Surender Hastir | 11:22 AM | Link to this Post

Oxford University and Bvlgari announce collaboration to fight COVID-19 and future pandemics.

Oxford

Oxford, July 3, 2020 — Bvlgari, the Italian luxury brand, has announced plans to support research into COVID-19 and vaccine development at Oxford University.

The new relationship comes as part of the brand’s commitment to preventing pandemics now and in the future, through philanthropic donations. This gift will support Oxford research in two key areas; purchasing boundary-pushing scientific equipment that will help to speed up vaccine development and financing the studies of some of the world’s most talented researchers engaged in the field.

Oxford and Bvlgary announced the collaboration during a live webinar hosted by Jean-Christophe Babin, President, and CEO of Bvlgari and Professor Sarah Gilbert, Professor of Vaccinology at the University of Oxford.

Professor Sarah Gilbert, Professor of Vaccinology at the University of Oxford, said: “For us to continue to make world-leading advances against infectious diseases, we need more excellent young scientists to join us and access the most up to date equipment in our laboratories. This generous gift from Bvlgari addresses these needs, and will continue to have an impact for many years.”

The Bvlgari Scholarship will financially support two students at the postgraduate level within the vaccine development group, the Oxford Jenner Institute. It would enable the University to continue to attract the next generation of top talent to power Oxford’s world-leading position in vaccine research.

The Oxford Vaccine Group and Oxford Jenner Institute have been at the forefront of scientific endeavor to develop vaccines for diseases of primary global importance for more than 30 years. They are currently one of the leading research groups globally in the development of a vaccine against COVID-19.

The Bvlgari Scholarship Beneficiaries will receive full financial support over the four-year duration of their DPhil (Ph.D.) studies in vaccine research. The scholarships will cover the students’ course fees, IT support laboratory consumables, and an internationally competitive maintenance grant. The scholarship awardees will be based at the Oxford Jenner Institute and selected from applicants and offer holders in the Medical Sciences Division at Oxford, across the relevant disciplines of Clinical, Medical and Biological Sciences.

The candidate selection process for the Bvlgari Scholarship would begin as early as autumn 2020.

In addition to the scholarship program, Bvlgari’s donation will also contribute to the purchase of a state-of-the-art flow cytometer by the Oxford Jenner Institute. Flow cytometry is a crucial tool in emergency vaccine development that can rapidly speed up the process, allowing a more detailed understanding of cell response post-vaccination.

Used to measure the number and type of immune cells made in the body after the administration of the vaccine, it helps identify which types of cells may lead to a vaccine being protective and, therefore, successful. Single-cell sorting is a critical component of many sophisticated analysis pathways for both pre-clinical and clinical studies. It allows scientists to separate particular groups of cells of specific interest.

Bvlgari’s generous donation to the University is the latest step in the brand’s philanthropic commitment to improving the world at large, following the devastating coronavirus outbreak earlier this year, which plunged the world into an international pandemic.

Jean-Christophe Babin, President, and CEO of Bvlgari, said: “Over the past few months, we have witnessed the shocking and detrimental effects of COVID-19 on every aspect of our society. We can never let this happen again. Bvlgari vows not only to contribute to the fight against COVID-19 but also to work with the global leaders in Medical Sciences at Oxford University, to nurture the most talented minds of tomorrow. I am honored and proud to have the opportunity to support Oxford in this common goal of eradicating viruses and stopping future pandemics in their tracks.”

Professor Louise Richardson, Vice-Chancellor of the University of Oxford, said: “We are deeply grateful to Bvlgari for their generous gift and look forward to working together over the coming years. Donations like this allow us to accelerate critical vaccine development research, which will aid Oxford’s response to this crisis and future pandemics.”

Source: University of Oxford

|GlobalGiants.Com|

— The editor is a holder of an Oxford Alumni Card.


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Edited & Posted by Surender Hastir | 3:10 AM | Link to this Post

June 28, 2020

TomTom Traffic Index: Global Traffic Congestion Up as Bengaluru takes Crown of ‘World’s Most Traffic Congested City’

Traffic Index

ENLARGE

Amsterdam, The Netherlands — Location technology specialist TomTom recently released the TomTom Traffic Index results, a report detailing the traffic situation in 416 cities in 57 countries. Bengaluru takes the top spot this year with drivers in the southern Indian city expecting to spend an average of 71% extra travel time stuck in traffic. Next in the global rankings are Philippine capital, Manila (71%); Bogota in Colombia (68%); last year’s most congested city, Mumbai (65%); and Pune (59%), also in India; making up the top five most congested cities in the world.

Greater Moscow takes the lead in Europe (59%) with Istanbul (55%) coming a close second. Kyiv (53%), Bucharest (52%), and Saint Petersburg (49%) make up the rest of the top five. Paris (39%), Rome (38%), and London (38%) ranked in at 14th, 15th, and 17th, respectively.

In the US, the top five most congested cities are Los Angeles (42%), New York (37%), San Francisco (36%), San Jose (33%), and Seattle (31%).

Congestion up, globally: At what cost?

Traffic congestion has increased globally during the last decade. The 239 cities (57%) TomTom included in the new Traffic Index report had increased congestion levels between 2018 and 2019, with only 63 towns showing measurable decreases. Despite being an indicator of a strong economy, this global increase in Congestion costs economies billions.

Ralf-Peter Schäfer, TomTom’s VP of Traffic Information, said: “Globally, there’s a long road to travel until we bring congestion levels under control. In time, the rise of autonomous vehicles and car-sharing services will alleviate Congestion, but planners and policymakers can’t afford to sit and wait. They need to use all the tools available to analyze traffic levels and impacts so that they can make critical infrastructure decisions. And drivers have a role to play too. Small changes in driving behaviors can make a substantial difference.”

Analyzing real-time incidents and Congestion to predict traffic before it happens, TomTom’s Real-Time Traffic makes TomTom navigation software more accurate with enhanced route calculations and correct Estimated Time of Arrival (ETA). According to TomTom, it is a market leader, with its traffic technology in millions of cars on the road. Further, its Traffic Analysis knows the way ahead, saving time, fuel, and stress for drivers, fleet and logistics providers, on-demand services (ride-hailing, food delivery), and traffic management services.

The location technology specialist’s work on the future of driving - from high definition maps for autonomous vehicles to efficient electric vehicle routing and charging - means that carmakers, technology companies, road authorities, and governments already have the tools to make the roads less congested.

How do you beat traffic congestion?

Next time you are heading into traffic, consider these helpful tips from TomTom:

  1. Plan before you go: Taking a few moments before heading out the door to inform yourself on the road conditions on the way to your destination will help you consider your alternatives and decide on the best course of action.

  2. Trust technology to help you. It may be uncomfortable to take the road less traveled simply because your navigation app. suggests it’s the fastest one. Often, if you cannot see that a path is indeed congested, it is hard to believe it. Dare to take the alternative route offered by up-to-date navigation because it is basing its recommendation on real-time traffic conditions on the direction you are taking.

  3. Change your driving habits. Most often, traffic will peak at certain times of the day, depending on location.

  4. Consider alternatives. Does your trip have to be made by car? If your planned activity is time-sensitive and cannot change your departure times, consider ride-sharing, public transport, or non-motorized options such as cycling or scooters.

  5. Work with your city. Ultimately, improving mobility in our cities is a collaborative effort. Together, city authorities, vehicle manufacturers, traffic signal system providers, parking facilities, traffic information providers, shared mobility providers, startups and, most importantly, the public, are experimenting and transforming cities worldwide. Inform yourself of the initiatives taking place in your urban area and how you can benefit from them.

Ranking of the most congested cities Globally (Overall daily congestion level - extra travel time - population over 800,000):

  1. Bengaluru, India 71%
  2. Manila, Philippines 71%
  3. Bogota, Colombia 68%
  4. Mumbai, India 65%
  5. Pune, India 59%
  6. Moscow, Russia 59%
  7. Lima, Peru 57%
  8. New Delhi, India 56%
  9. Istanbul, Turkey 55%
  10. Jakarta, Indonesia 53%

Ranking of the most congested cities in Europe (Overall daily congestion level - extra travel time - population over 800,000):

  1. Moscow, Russia 59%
  2. Istanbul, Turkey 55%
  3. Kyiv, Ukraine 53%
  4. Bucharest, Romania 52%
  5. Saint Petersburg, Russia 49%
  6. Dublin, Ireland 48%
  7. Odesa, Ukraine 47%
  8. Novosibirsk, Russia 45%
  9. Samara, Russia 44%
  10. Kharkiv, Ukraine 43%

Ranking of the most congested cities in the United States of America (Overall daily congestion level - extra travel time - population over 800,000):

  1. Los Angeles, USA 42%
  2. New York, USA 37%
  3. San Francisco, USA 36%
  4. San Jose, USA 33%
  5. Seattle, USA 31%
  6. Miami, USA 31%
  7. Washington, USA 29%
  8. Chicago, USA 28%
  9. Honolulu, USA 28%
  10. Austin, USA 27%

Ranking of the most congested cities in South America (Overall daily congestion level - extra travel time - population over 800,000):

  1. Bogota, Colombia 68%
  2. Lima, Peru 57%
  3. Recife, Brazil 50%
  4. Rio De Janeiro, Brazil 46%
  5. Sao Paolo, Brazil 45%
  6. Santiago, Chile 44%
  7. Salvador, Brazil 43%
  8. Fortaleza, Brazil 37%
  9. Belo Horizonte, Brazil 35%
  10. Porto Alegre, Brazil 35%

Ranking of the most congested cities in Asia (Overall daily congestion level - extra travel time - population over 800,000):

  1. Bengaluru, India 71%
  2. Manila, Philippines 71%
  3. Mumbai, India 65%
  4. Pune, India 59%
  5. New Delhi, India 56%
  6. Jakarta, Indonesia 53%
  7. Bangkok, Thailand 53%
  8. Tel Aviv, Israel 46%
  9. Tokyo, Japan 42%
  10. Chongqing, China 41%

Ranking of the most congested cities in Africa (Overall daily congestion level - extra travel time - all population sizes):

  1. Cairo, Egypt 40%
  2. Cape Town, S. Africa 32%
  3. Johannesburg, S. Africa 30%
  4. Pretoria, S. Africa 25%
  5. East London, S. Africa 22%
  6. Durban, S. Africa 19%
  7. Bloemfontein, S. Africa 13%

Ranking of the most congested cities in Australia and Oceania (Overall daily congestion level - extra travel time - all population sizes):

  1. Sydney, Australia 33%
  2. Auckland, New Zealand 31%
  3. Melbourne, Australia 30%
  4. Wellington, New Zealand 28%
  5. Hamilton, New Zealand 25%
  6. Brisbane, Australia 25%
  7. Adelaide, Australia 24%
  8. Gold Coast, Australia 24%
  9. Hobart, Australia 23%
  10. Christchurch, New Zealand 21%

Headquartered in Amsterdam with offices in 30 countries, TomTom is a leading independent location technology specialist. It shapes mobility with maps, navigation software, real-time traffic information, and services.

Source: TomTom

|GlobalGiants.Com|

City Traffic


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Edited & Posted by Surender Hastir | 1:05 PM | Link to this Post

June 25, 2020

IBM unveils free digital learning platform 'SkillsBuild Reignite' to reach more job seekers & provide new resources to business owners in India.

Announces a ten-week SkillsBuild Innovation Camp for students, providing hands-on project experience and enhanced learning for increased employability.

IBM, India

BANGALORE, India, June 25, 2020 — To address the current skills gap in the country, IBM is unveiling ‘SkillsBuild Reignite’ to provide job seekers and entrepreneurs with free online coursework and mentoring support, designed to help them reinvent their careers and businesses.

According to the India Skill Report (2019), only 45.6% of the youth graduating from educational institutions are employable. It reflects the massive shortage of skilled workforce in the country. Job seekers, business owners, entrepreneurs, and any individual with learning aspirations can now tap into a host of industry-relevant content, including Artificial intelligence, Cloud, Data analytics, and security to reskill and upskill themselves, at no cost.

In November 2019, IBM India, in partnership with Directorate General of Training (DGT), Ministry of Skill Development and Entrepreneurship, Government of India, and its implementation partners, made the SkillsBuild online learning platform available to Indian students. Digital classrooms on this platform are made available from the Industrial Training Institutes, ITI, and technical education ecosystem in India.

Currently, the platform has benefited 14,135 learners who have completed 40,000 courses and 77,000 hours of e-learning. SkillsBuild is one of India’s Top 10 online learning platforms by the National Skills Network.

SkillsBuild Reignite will include more coursework and personalized coaching for entrepreneurs seeking advice to help establish or restart their small businesses as they focus on recovering from the COVID 19 pandemic. Courses include financial management, business strategy, digital strategy, legal support, and more.

Working with NGOs such as Edunet and Unnati Foundation amongst other new IBM partners will play a key role in addressing local needs. For example, entrepreneurs looking to create detailed plans to relaunch their business can work with mentors to refine market research and learn about tapping into economic development assistance or improving digital marketing.

Dr. Mahendra Nath Pandey, Union Minister of Skill Development and Entrepreneurship, said, “We mark a significant milestone in supporting Centre’s efforts in accelerating the Indian economy’s revival from the adverse effects of COVID. The Ministry has been working relentlessly to strengthen the skilling ecosystem and leverage the rise in demand for new-age skills by expanding industry cross-collaboration and creating learning pathways through digital learning platforms.

IBM’s expertise in providing multifaceted digital skill training in Cloud Computing and Artificial Intelligence (AI) will strengthen our efforts in the recovery of local workforces, communities, and economies by supporting job seekers, entrepreneurs, and small businesses.”

“There is a need to shift the needle and focus on new technologies and changing skill requirements to bridge the skill gap. We must align the workforce to industry needs and technology shifts. The SkillsBuild Reignite platform helps equip job seekers with digital, professional skills and relevant training to re-enter the workforce. This platform provides career reinvention opportunities and innovative ways of working and individualized support for relaunching business strategies,” said Sandip Patel, General Manager, IBM India/South Asia.

IBM also announced the SkillsBuild Innovation camp today. The ten-week camp is open to learners interested in gaining hands-on project experience to enhance learning and build their network to increase employability. Participants in the field will get an opportunity to work as part of a diverse team on real-world challenges and learn new skills along the way. With the aid of expert facilitators, students will be guided through the design thinking process and learn strategic methods to craft their problem statement, ideate creatively, solve complex problems and tell compelling stories. The camp concludes with a pitch to stakeholders and potential employers or investors.

Source: IBM

|GlobalGiants.Com|


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Edited & Posted by Surender Hastir | 9:42 AM | Link to this Post

June 24, 2020

Mastercard Research Shows Surge in Digital Payments as E-commerce Reaches New Heights Around the World.

Study shows consumers worldwide opting for touch-free, secure, and seamless ways to pay.

Mastercard

PURCHASE, NY | JUNE 23, 2020 — The way we shop is changing. With constraints imposed on our daily lives due to COVID-19, consumers are adopting new payment habits at an accelerated pace, according to a global study by Mastercard conducted in 15 markets. Consumers are increasingly moving away from cash and opting for contact-free and digital payment experiences - and they don’t expect to go back. E-commerce is also seeing a surge, with Mastercard SpendingPulse reporting record growth rates across the globe as consumers increasingly shop online.

As our payment behaviors evolve, two notable trends emerge in the Mastercard research:

• A massive move away from cash is coming. Globally, almost seven in 10 consumers say the shift to digital payments will likely be permanent, and nearly half of consumers plan to use limited cash, even after the pandemic subsides, according to a Mastercard weekly survey launched April 27.

Since the pandemic began, nearly half (46%) of respondents in the Asia-Pacific say they are using the cash, less often. In contrast, two-thirds of Latin American consumers say they are using paper money less or not at all. In Europe, which already had the most significant adoption of contactless payments of any region, 64 percent say tap and pay is now their preferred way to pay in-store.

• A steep increase in e-commerce: As highlighted in Mastercard’s newly released Recovery Insights: Shift to Digital report, e-commerce has reached new heights.

Mastercard SpendingPulse, which measures retail sales across all payment types, including cash and check, shows that United States e-commerce spending grew by 93 percent year-over-year in May. And in April and May, e-commerce as a share of total retail sales reached 33% in the United Kingdom - an unprecedented high (ex. auto, petrol, and restaurants).

“No one could have predicted the state of the world we’re in today. It has reinforced the necessity for us to continue evolving the consumer payment experience to meet the consumer wherever they are,” said Jorn Lambert, Executive Vice President, Digital Solutions. “We focused on building our Digital-First capabilities that have enabled this accelerated shift to digital payments. It is unlikely that consumers will revert to old payment habits.”

“Amidst an incredibly challenging time for individuals, for communities and businesses, we’re seeing sparks of change brought upon by the growth of digitally-savvy consumers and businesses embracing technology that will enable a swifter, more secure future,” Lambert added.

Building the Foundation for the Future of Payments

From a simplified online checkout experience to an in-store tap on a contactless terminal, Mastercard is leveraging its insights and technology, forging critical partnerships, and driving innovation to ensure a solid foundation to deliver the future of payments.

• Using non-sensitive data to enhance security: Mastercard Digital Enablement Service (MDES) turns card numbers into tokens that become useless to fraudsters and eliminates the frustration of manually updating your card information. MDES is live with more than 2,600 issuers and 1,200 token requestors. Mastercard is rapidly adding global players from across the ecosystem, including Adyen, Braintree, a PayPal Service, Etsy, Mercado Libre/Mercado Pago, Mastercard Payment Gateway Services (MPGS), PayPal, Stripe, Thales, T-Mobile, and Checkout to deliver this security at scale.

• One-click payments to speed checkout: Click to Pay, Mastercard’s one-click checkout experience, uses tokenization to secure your card credentials, and makes passwords a thing of the past. Enrollment is being made simple for consumers, including Citi’s tens of millions of cardholders in the United States who can now push their card credentials from their mobile banking app to merchants and Click to Pay. More than 10,000 merchants have been enabled for Click to Pay, including Crate & Barrel, Expedia, Fresh Direct, and Saks Fifth Avenue. Technology partners such as MPGS are essential to allowing acceptance for merchants, and Mastercard is also working closely with ACI Worldwide, Aurus, Global Payments, and Square.

• Digital First powers consumer choice: Even before the pandemic, mobile devices have been Mastercard’s primary source of communication, information, and, increasingly, commerce. Instead of merely supporting physical cards with digital experiences, Mastercard has focused on designing digital products from the ground up, with the physical card optional. This summer, it partners with Samsung and SoFi to deliver a Digital First debit card backed by a cash management account called Samsung Money by SoFi. We have also launched Digital First programs with Falabella in Latin America, GrabPay in Singapore and the Philippines, Mox by Standard Chartered and WeLab Bank in Hong Kong, and cooperative banks in Germany, Mastercard elaborated.

Mastercard conducted its proprietary Study between April 27-May 17, 2020 among adults 18+. It conducted Six thousand seven hundred fifty interviews across 15 countries: Australia, Brazil, China, Colombia, France, Germany, India, Italy, Spain, Japan, Mexico, Russia, the United Arab Emirates, United Kingdom, and The United States of America.

Mastercard is a global technology company in the payments industry. Its mission is to “connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible.” Mastercard says its innovations and solutions help individuals, financial institutions, governments, and businesses realize their highest potential.

Source: Mastercard

|GlobalGiants.Com|


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Edited & Posted by Surender Hastir | 2:12 PM | Link to this Post

Reuters Launches a Dedicated Audio and Voice Service, enabling its Customers to Expand and Engage their Audiences.

Reuters

LONDON, June 24, 2020 — Reuters, the world’s largest multimedia news provider, has launched a market-leading service designed specifically for the audio and voice sector.

Two new products - Reuters Audio and Reuters Ready Audio - give customers access to a global collection of rights-cleared real-time and archive audio clips, as well as ready-to-publish audio stories.

With nearly half a million archive clips dating back to the early 1900s available, Reuters Audio customers have access to more than a century’s worth of news coverage at their fingertips, to add depth and dimension to their audio production, Reuters said.

Reuters Ready Audio provides a curated daily package of global news stories, voiced by Reuters journalists worldwide in a ready-to-publish offering.

Both are available from today via a new user experience on Reuters Connect, a comprehensive digital platform powering the news ecosystem.

The development comes as the audio market continues to grow, with consumers listening more than ever, driving high-quality audio content.

Recent research from the Reuters Institute for the Study of Journalism at Oxford University found:

Reuters Audio and Reuters Ready Audio allow customers to enhance their existing audio productions instantly and spontaneously create brand-new audio experiences.

Nick Cohen, Global Head of Product, Core News Services, Reuters, said: “As demand for audio content continues to grow, podcasters, radio producers and platforms need an easy-to-access destination for high-quality material. With this new audio experience and a Reuters archive that goes back over a century, producers and publishers can now get instant access to hundreds of thousands of clips, whether they are looking for historical moments or the latest breaking news.”

Founded in 1851, Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider. With coverage in over 16 languages, it reaches millions of people worldwide every day. Reuters supplies business, financial, national, and international news to professionals via desktop terminals, the world’s media organizations, and industry events.

Source: Reuters

|GlobalGiants.Com|


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Edited & Posted by Surender Hastir | 4:50 AM | Link to this Post

June 20, 2020

Glenmark Becomes the First Pharmaceutical Company in India to Receive Regulatory Approval for Oral Antiviral Favipiravir, for the Treatment of Mild to Moderate COVID-19

- Manufacturing and marketing approval granted as part of the accelerated approval process, considering the emergency of the COVID-19 outbreak in India.

- The approval’s restricted use entails responsible medication use where every patient must have signed informed consent before treatment initiation.

- Favipiravir shows clinical improvements of up to 88% in COVID-19, with a rapid viral load reduction by four days.

- Clinical recovery noted across age groups 20 to >90 years, including in patients with co-morbid conditions like diabetes and heart disease suffering from mild to moderate COVID-19.

- Glenmark to market the antiviral under the brand name ‘FabiFlu®.’

Glenmark

MUMBAI, India, June 20, 2020 — In a landmark development for COVID-19 patients in India, Glenmark Pharmaceuticals, a research-led, integrated global pharmaceutical company, today announced the launch of antiviral drug Favipiravir (brand name FabiFlu®) for the treatment of mild to moderate COVID-19 patients. Glenmark has received manufacturing and marketing approval from India’s drug regulator, making FabiFlu® the first oral Favipiravir-approved medication in India for the treatment of COVID-19.

Favipiravir is backed by robust clinical evidence showing encouraging results in patients with mild to moderate COVID-19.

  1. The antiviral offers broad-spectrum RNA virus coverage.
  2. Clinical improvement noted across age groups 20 to >90 years.
  3. Favipiravir can be used in COVID-19 patients with co-morbid conditions such as diabetes and heart disease with mild to moderate COVID 19 symptoms.
  4. It offers a rapid reduction in viral load within four days and provides faster symptomatic and radiological improvement.
  5. Of most importance, Favipiravir has shown clinical recovery of up to 88% in mild to moderate COVID 19 cases.

Glenmark successfully developed the active pharmaceutical ingredient (API) and the formulation for FabiFlu® through its in-house R&D team. Glenmark filed the product for a clinical trial with India’s drug regulator DCGI and became the first pharmaceutical company in India to receive approval for conducting phase 3 clinical trial on mild to moderate COVID-19 patients.

Commenting on the significance of this development, Mr. Glenn Saldanha, Chairman and Managing Director of Glenmark Pharmaceuticals Ltd., said, “This approval comes at a time when cases in India are spiraling like never before, putting tremendous pressure on our healthcare system. We hope the availability of an effective treatment such as FabiFlu® will considerably help assuage this pressure and offer patients in India a much needed and timely therapy option.”

He added, “FabiFlu® has demonstrated an encouraging response in mild to moderate COVID-19 patients during clinical trials. Moreover, it is orally administered, and so it serves as a more convenient treatment option over other intravenously administered medications. Glenmark will work closely with the government and medical community to make FabiFlu® quickly accessible to patients across the country.”

Favipiravir is approved in Japan since 2014 for the treatment of new or re-emerging influenza virus infections. It has a unique mechanism of action: it is converted into an active form (favipiravir-RTP) in cells and recognized as a substrate by viral RNA polymerase, thereby inhibiting RNA polymerase activity.

Most patients exhibiting mild to moderate symptoms can benefit from FabiFlu® use. The drug will be available as a prescription-based medication for INR 103/tablet, with recommended dose being 1800 mg twice daily on day 1, followed by 800 mg twice daily up to day 14.

Earlier last month, Glenmark also announced that it is conducting another clinical trial to evaluate the efficacy of two antivirals Favipiravir and Umifenovir, as a combination therapy in moderate hospitalized COVID-19 adult patients in India.

Glenmark Pharmaceuticals Ltd. (GPL) is a global research-led pharmaceutical company with a presence across Generics, Specialty, and OTC business with operations in over 50 countries.

Source: Glenmark Pharmaceuticals Ltd

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June 17, 2020

Mastercard Powers Faster, Seamless Online Shopping Experiences for Amazon Customers

Merchants across the globe increasingly adopt Tokenization, eliminating the need to manually update card credentials and increasing the peace of mind at checkout.

Mastercard, Amazon

PURCHASE, NY | JUNE 17, 2020 — More and more consumers are going online to purchase everything from groceries and food delivery to home improvement goods, apparel, and entertainment; as they do, merchants are focused on providing an increasingly seamless experience. Today, Mastercard announced that Amazon customers in 12 countries across North America, Latin America, the Middle East, and Europe would have their stored card credentials tokenized. By replacing a consumer’s physical card number with a token, payment information is unique to each transaction and can be used only by the merchant that requested it. Amazon will begin using Mastercard tokens for transactions through 2020.

The rise of e-commerce means more and more consumers are saving and managing their card details across multiple websites. Amazon and many other merchants worldwide use Mastercard’s tokenization technology to ensure the cards consumers store on file stay seamlessly up to date. Unlike physical cards, network tokens do not expire. When consumers receive a new physical card from their bank, their credentials are automatically updated, eliminating the hassle of re-entering their card numbers and removing interruptions during checkout.

Tokenization enables a best-in-class user experience by creating visual cues, displaying familiar card art that instills trust in a consumer’s preferred payment method. As Mastercard makes issuer card artwork available for every user, it helps consumers choose their preferred payment method more efficiently and increases the likelihood of completing the purchase.

Mastercard and Kantar’s research shows that 80% of cardholders are likely to complete a purchase when an image of their specific credit card appears. Kantar conducted this Mastercard online study. All US participants in the survey are between the ages of 18-100, shop online regularly (3+ times in the past six months), own a Mastercard credit or debit card product, and use guest checkout or a stored card at least some of the time.

2020 has seen consumers worldwide accelerate their shift to digital payments, making it more critical than ever for e-commerce platforms to make the checkout experience convenient and straightforward. Mastercard Digital Enablement Service (MDES) provides the foundation for a frictionless experience, eliminating the frustration of managing card information and reducing shopping cart abandonment.

“The behavioral shift that we are seeing has accelerated in recent months. It’s a product of our work to create the infrastructure and partner ecosystem for the digitally-savvy consumer and forward-thinking businesses like Amazon,” said Jorn Lambert, Executive Vice President, Digital Solutions, Mastercard. “Mastercard’s work with Amazon and others is a testament to the strength of our well-established digital product suite. We create consumer journeys that improve the shopping experience and boost approval rates.”

Mastercard Digital Enablement Service (MDES) is live with more than 2,600 issuers and 1,200 token requestors around the world. Tokenization of a merchant’s cards on file is accelerating as we continue to add global players like Amazon to deliver this solution at scale. Amazon is adopting Mastercard tokens in the United States, Canada, United Kingdom, Brazil, France, Germany, Italy, Mexico, Netherlands, Spain, Turkey, and United Arab Emirates. Consumers making purchases on the Amazon online stores serving these countries will now experience the benefits of Tokenization.

Source: Mastercard

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June 6, 2020

Dr. Kiran Mazumdar-Shaw from India named EY World Entrepreneur Of The Year 2020

EY, Kiran Mazumdar-Shaw

EY, Kiran Mazumdar-Shaw

LONDON, June 4, 2020 — Dr. Kiran Mazumdar-Shaw, the Executive Chairperson of India-based Biocon Limited, was this evening named EY World Entrepreneur Of The Year 2020 at a ground-breaking, virtual award ceremony. Kiran got picked from among 46 award winners from 41 countries and territories vying for the world title. In the award’s 20-year history, Kiran becomes the third EY World Entrepreneur Of The Year Award winner from India. She follows former Indian world title winners Uday Kotak of Kotak Mahindra Bank (2014) and Narayana Murthy of Infosys Technologies Limited (2005). She also becomes the second woman to hold the title, following Olivia Lum of Hyflux Limited from Singapore in 2011.

Kiran, 67, founded Biocon, a bio-enzymes company, in 1978 with just two employees and US$500. Since its inception, Biocon has grown to employ more than 11,000 people and become one of the most influential innovation-driven biotechnology companies in Asia with revenues of US$800m for FY19. Biocon and its subsidiaries are making a lasting impact on global health care. Millions of people living with diabetes now have access to affordable insulin. Further, millions more battling cancer, rheumatoid arthritis, and other debilitating diseases now have access to affordable biosimilars.

Manny Stul, Chairman and Co-CEO of Moose Toys and Chair of the EY World Entrepreneur Of The Year judging panel, said:

“Kiran is an inspirational entrepreneur who demonstrates that determination, perseverance, and a willingness to innovate can create long-term value. The judging panel was impressed by her ability to build and sustain growth over the past 30 years, her integrity, and passion for philanthropy that has delivered a huge global impact. She has built India’s largest biopharmaceutical company on a foundation of compassionate capitalism and putting patient needs before profits.”

Dr. Kiran Mazumdar-Shaw, the Executive Chairperson of Biocon Limited, said:

“At its core, entrepreneurship is about solving problems. The greatest opportunities often arise at the toughest times, which has been my experience throughout my entrepreneurial journey. My business focus is global health care and the provision of universal access to life-saving medicine; however, my responsibility as an entrepreneur is greater than simply delivering value to shareholders. Wealth creation can be a catalyst for change, and all entrepreneurs have a responsibility to the world around them and the communities in which they operate. Women also play a hugely important role in economic development. We must use EY World Entrepreneur Of The Year to encourage more women to participate in entrepreneurial pursuits. I feel honored to receive this prestigious award.”

Carmine Di Sibio, EY Global Chairman and CEO, said:

“Entrepreneurs are the unstoppable visionaries who inspire innovation and fuel growth and prosperity by building remarkable companies and services. Kiran’s passion for developing low-cost, cutting-edge pharmaceutical alternatives has brought affordable health care to patient communities worldwide. Her drive to innovate has created huge growth for Biocon Limited and helped diversify the company’s portfolio of therapies for chronic diseases. Kiran is a truly inspiring EY World Entrepreneur Of The Year winner.”

Stasia Mitchell, EY Global Entrepreneurship Leader, said:

“With an exceptional record in creating long-term value, Kiran’s clear vision of making a difference to the lives of millions of people around the world make her a worthy EY World Entrepreneur Of The Year winner. Her impact on improving global health access and affordability will endure for decades to come. She is a beacon for other entrepreneurs to follow.”

A first-generation entrepreneur, Kiran, graduated as a Master Brewer from a brewing school in Australia and returned to her native India in 1975 to find work as a brewmaster. After two years of unsuccessfully trying to overcome the hurdles of entering a male-dominated brewing industry, Kiran started Biocon Limited, producing bio-industrial enzymes in the garage of her rented house in Bengaluru, India. A year later, Biocon became the first Indian company to export proteins to the US and Europe.

Now, Biocon and its subsidiaries are the pioneers in areas less frequented by Indian pharmaceutical companies, including fermentation-based small molecules, human insulin and insulin analogs, biosimilars for essential antibody drugs, novel therapies, and high-end contract research services. The company has customers in over 120 countries. It is a world leader in biosimilars and other specialty molecules. In 2014, Biocon was India’s first biotech company to go public and only the second Indian company to pass the US$1b mark on its first day of listing. The company’s market capitalization is currently over US$4b.

Biocon is also leading the way to universal access to affordable life-saving medicine. For example, in September 2019, the company announced that it would supply RH-insulin at less than US$0.10 per day (for the average 40 units of insulin required per patient per day) to low- and middle-income countries — less than a third of current RH-insulin prices. The company has supplied more than 2 billion affordable doses of biosimilar insulins to patients globally in the last 15 years.

Compassionate capitalism that addresses inequality is at the center of Kiran’s business and leadership philosophy.

Manny Stul, Chairman and Co-CEO of Moose Toys and EY World Entrepreneur Of The Year 2016 winner, chaired the independent judging panel. Joining him were:

According to EY, “EY Entrepreneur Of The Year is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth, and prosperity that transform the world.”

Source: EY

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June 5, 2020

Hyundai Becomes Title Sponsor of International Motor Sports Association (IMSA) Race Weekend at WeatherTech Raceway Laguna Seca

Hyundai Monterey Sports Car Championship Sept. 4 - 6, 2020.

Hyundai, Sportscar

Hyundai, Sportscar

FOUNTAIN VALLEY, Calif., June 4, 2020 — Hyundai has announced that its high-performance N Brand will be the title sponsor of the International Motor Sports Association (IMSA) race weekend at the WeatherTech Raceway Laguna Seca Sept. 4 - 6, 2020 in Monterey, California. This year’s IMSA Race Weekend will be the Hyundai Monterey SportsCar Championship. Hyundai will provide N Brand experiences to fans throughout the weekend. The title sponsorship enhances Hyundai’s growing N and N Line portfolio of vehicles, including the Veloster N, Elantra N Line, and Sonata N Line. Hyundai also will be the broadcast title sponsor when the race airs on NBCSN.

Hyundai said its N Brand is a perfect match for the IMSA series and Laguna Seca’s 11-turn, 2.238-mile road course that includes the famous Corkscrew turn. Hyundai sees this partnership as an excellent opportunity to showcase the high-performance N Brand to sports car racing and automotive enthusiasts.

“Seeing Hyundai and their N performance brand combine with one of my all-time favorite venues is fantastic news,” said Bryan Herta, co-owner of Bryan Herta Autosport.

Hyundai will be mounting an all-out assault to win the 2020 Laguna Seca race and the IMSA Michelin Pilot Challenge championship with three Veloster N TCR cars and six drivers. Mark Wilkins and Michael Lewis, who co-drove the #98 Veloster N TCR to the 2019 IMPC Drivers championship, will be split up for 2020. Michael Lewis will remain in the #98. He, with Mason Filippi and Mark Wilkins, will also co-drive with Harry Gottsacker in the #21. The new third entry, the #33 Veloster N TCR, will be driven by open-wheel standouts Gabby Chaves and Ryan Norman.

Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea.

Source: Hyundai Motor America

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June 2, 2020

EarthX to Celebrate World Oceans Week in Partnership with the National Geographic Society.

EarthX convenes the world’s largest environmental expo, conference and film festival.

EarthX, National Geographic

DALLAS, June 1, 2020 — EarthX and the National Geographic Society will convene virtually to celebrate World Oceans Week from June 9-11 at EarthX.org. EarthxOcean will bring together cross-disciplinary innovators driving solutions to the most pressing threats facing the oceans. Conversations, film screenings, and extended reality experiences would explore these solutions using the power of science and storytelling. It would unlock the impact potential of communities across cultures, generations, and ideologies.

Trammell S. Crow, Founder of EarthX, Michael L. Ulica, President of the National Geographic Society and Danni Washington, Conference Moderator, would introduce ‘Protecting the Life Systems of the Ocean.’ A welcome note from Robert and Sybille Szaggars Redford would follow the introduction. Later, Robert and Sybille Szaggars Redford would introduce their environmental film series ‘The Way of the Rain - Reflections on Earth.’ The conferences will bring together leading voices in ocean conservation, including renowned National Geographic Explorers-at-Large Enric Sala and Dr. Sylvia Earle, and conservationists Julie Packard and Fabien Cousteau. The three-day program will cover some of the most critical issues threatening the most significant life source of the planet.

• High Seas Protection

As the region of the global ocean that is beyond national jurisdiction, the high seas include some of the least protected and most critically threatened ecosystems in the world. EarthX offers a platform for members of the High Seas Alliance and mission-aligned partners. They work together to inform and engage the public, decision-makers, and experts to support and strengthen high seas governance and conservation.

Musical storytelling with the EarthXR presentation of The Outlaw Ocean Music Project would further explore the lawlessness of the high seas. The session will feature visuals from this lawless realm alongside music produced for the project. It features rhythmic sounds to raise awareness and stoke a sense of urgency about human rights, labor, and environmental abuses that occur at sea. EarthxFilm will showcase Watson, the story of Captain Paul Watson, co-founder of Greenpeace and founder of Sea Shepherd, who has spent 40 years fighting to end the destruction of the ocean’s wildlife and its habitat.

• Coral Reef Conservation & Restoration

Coral reefs support a quarter of all marine species on the planet but make up only 0.1% of our ocean. Rising water temperatures, acidification, destructive fishing practices, and pollution are destroying an essential source of life in our ocean’s ecosystem. EarthX is assembling leading ocean conservationists across the world to address these threats and introduce solutions at an industry and individual level.

EarthxFilm will bring this issue to life through the screening of Chasing Coral, an ocean adventure directed by Jeff Orlowski. Chasing Coral is a mission to discover why reefs are disappearing and revealing the underwater worlds of our changing oceans. EarthXR will also transport audiences to the depths of our ocean through virtual dives with National Geographic Explorer Erika Woolsey and Underwater Earth Co-Founder Christophe Bailhache. They would immerse viewers in the underwater worlds of coral reefs while illustrating the importance of their conservation.

• Ocean Plastic Solutions

With over 8 million tons of plastic dumped in our ocean every year, plastic waste has become ubiquitous. It has found its way into the air we breathe and the food we eat - with the average person ingesting the equivalent of 1 credit card a week in microplastics. EarthX will host leaders in ocean plastic solutions to highlight this critical issue and introduce innovative solutions across categories including technology, policy, and activism in a session featuring youth leader and Founder of Bye-Bye Plastic, Melati Wijsen.

EarthX convenes the world’s largest environmental expo, conference and film festival, and is a member of IUCN, International Union for Conservation of Nature.

The National Geographic Society is a global nonprofit organization that uses the power of science, exploration, education, and storytelling to illuminate and protect the wonder of our world. Since 1888, National Geographic has pushed research boundaries, investing in bold people, and transformative ideas. It has provided more than 14,000 grants for work across all seven continents, reaching 3 million students each year through education offerings and engaging audiences worldwide through signature experiences, stories, and content.

Source: EarthX

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June 1, 2020

Canon U.S.A. Announces Crowd People Counter Software To Capture Crowd Sizes In Real-Time.

Software Aids in Social Distance Monitoring, City Planning and Crowd Control at Stadiums, Airports, Train Stations, Houses of Worship, and Other Large Venues.

Canon USA

MELVILLE, N.Y., June 1, 2020 — Canon U.S.A. Inc., a leader in digital imaging solutions, today introduced the Crowd People Counter. This video content analysis software can quickly provide event management teams and law enforcement agencies the ability to gather crowd size data in real-time. The gathering and analysis of this data can help detect overcrowding and potentially prevent accidents at a variety of locations, including stadiums, airports, train stations, houses of worship, and other venues. An additional application of the software is the ability to support city planning projects.

“Now more than ever, cities and venues are extremely conscious about crowd control and social distancing,” said Tatsuro “Tony” Kano, Executive Vice President and General Manager of Canon U.S.A.’s Imaging Technologies and Communications Group. “With the current COVID-19 pandemic, it has become essential to monitor the density of crowds. Our new Crowd People Counter software can help to manage crowds in real-time and will provide valuable data to help keep people safe once large gatherings and events return.”

The Crowd People Counter software can detect humans using as little as 15 pixels and can detect up to approximately 88,000 people in maximum resolution (5472 x 3648) and 9,000 people in Full HD (1920 x 1080), respectively. Designed to aid with event management by identifying trends in crowds, the software data can help to determine the appropriate number of police officers, security guards, emergency medical personnel, and ambulances needed in a given area. The real-time crowd analysis allows security and staff repositioning during events in large venues, helping to increase safety while managing crowd size. The crowd data also supports staff optimization for future event planning.

The Crowd People Counter software works in tandem with Canon and Axis Network Cameras and Windows-supported devices using both Webview and VAPIX protocol for live streaming, Canon said.

Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions to the United States and Latin America. With approximately $33 billion in global revenue, its parent company, Canon Inc., is one of Fortune Magazine’s World’s Most Admired Companies in 2020.

Source: Canon U.S.A., Inc.

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May 30, 2020

Mastercard Launches Recovery Insights. It would assist Businesses and Governments in making Smarter Economic Decisions.

Mastercard extends COVID-19 Commitments by Providing Data Insights and Tools to New York City, London, Madrid, the State of Arizona, and other Governments.

Mastercard

Mastercard

PURCHASE, NY. MAY 29, 2020 — Businesses and governments worldwide are looking for resources to help better manage the health, safety, and economic risks presented by the recent pandemic. To assist in these efforts, Mastercard has launched Recovery Insights, a set of tools, innovation, and research that can provide some certainty today and support data-driven decision-making for a more digital tomorrow.

The initiative draws on Mastercard’s analytics and experimentation platforms, its longstanding consulting practice, and unique data-driven insights.

“Enabling smarter decisions with better outcomes is our goal. And, it’s what airlines, restaurants, Consumer packaged goods (CPG) brands, banks, governments, and countless others are seeking right now,” said Raj Seshadri, president of data and services, Mastercard. “Our insights are helping apparel brands refine their inventory to address the rise in e-commerce, grocers fine-tune store hours to give at-risk shoppers peace of mind, and governments guide services to fuel local economies.”

• Empowering Data-Driven Decision-Making

As part of this initiative, Mastercard is making specific insight-driven tools available at no cost to governments and select businesses to give a timely snapshot of economic performance. These solutions draw on aggregated and anonymized spending insights to provide an ongoing view of financial health, Mastercard said.

Dozens of cities (including New York City, London, Barcelona, Madrid, Los Angeles, and Logan City, Australia), states (Arizona), and national governments (Turespaña, Ministry of Industry, Trade and Tourism of Spain) are now using Mastercard tools. These solutions help inform budget planning, optimize aid disbursement, understand which merchants are open for business, and prioritize investment to support those most impacted by the pandemic. The tools help assess the local effects of COVID-19 and build a foundation for an inclusive recovery.

“Access to Mastercard’s insights gives us a much more detailed picture of the economic health of the capital’s high streets during lockdown - and as we move towards easing restrictions,” commented London’s Chief Digital Officer, Theo Blackwell. “It complements other insights we’re gathering, which allows us to target future investments and understand the emerging needs of businesses and communities across London.”

Meanwhile, U.S. small business owners are using the tools to understand local consumer spending trends better, while central banks around the world are collaborating closely with the Mastercard Economics Institute to better understand changing market conditions through regular COVID economic impact trackers, Mastercard elaborated.

• Informing Plans to Reopen New York City

In New York City, retail sales were down 44 percent at the peak of the COVID-19 pandemic in March. Policymakers needed to understand how the steep decline in consumer spending would impact the city’s sales tax revenue to adjust their budgets. Mastercard Geographic Insights identified spending pattern changes in specific neighborhoods.

Mastercard is also working closely with local institutions, trade organizations, and other groups on recovery efforts. Kathryn Wylde, President and CEO of the Partnership for New York City, said, “The Mastercard insights into how the pandemic and quarantine are impacting consumer spending have helped us understand the huge and devastating impact of COVID-19 on jobs and the local economy.”

“We’re committed to helping government leaders take an evidence-based approach to policy and program development,” added Miguel Gamino, executive vice president, Enterprise Partnerships and head of Global Cities, Mastercard. “Given the multitude of challenges today, the government leaders are activating our network to support areas ranging from aid disbursements to emergency fundraising to cybersecurity assessments and identity theft protection. It’s about building more inclusive economies for everyone everywhere.”

• Upcoming Research

The Mastercard Recovery Insights initiative will feature a research series about the short- and long-term impacts of COVID-19 on economies, businesses, and people. The first report, available in June, will focus on the retail sector’s shift to digital.

Source: Mastercard

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May 24, 2020

Mastercard Joins Alliance to Accelerate Digital Identity Solutions.

Partnership accelerates access to and adoption of digital identity solutions.

Mastercard

Mastercard

Mastercard

Purchase, NY, May 23, 2020 — Mastercard today announced that it would join the ID2020 alliance, a global multi-stakeholder partnership dedicated to enabling everyone to have access to a viable and trusted form of legal identity.

With the recent implementation of social distancing around the world, our digital dependency has become even more significant. Individuals are signing up and logging in to a range of digital services - social media, entertainment streaming, telemedicine, and remote learning, to name just a few. What is critical in each of these interactions is the role that identity plays in enabling trust and the need to prove who we are safely and conveniently, wherever we are, Mastercard said.

“We share the belief with ID2020 that digital identity is a fundamental human right that each individual has control over. And that digital identity is a crucial step towards financial inclusion and to building a world where technology empowers, enables and protects everyone,” said Ajay Bhalla, President, Cyber & Intelligence, Mastercard. “We must work together to establish consistency and common standards across the globe that can make this a reality, addressing real challenges faced by people every day and sparking continued innovation.”

As the world accelerates towards more digital interactions and the verification associated with that, managing this rapid shift, holistically and responsibly, is crucial to ensure that no-one is left behind. Mastercard said it recognizes that holding a viable and trusted digital identity will allow everyone to connect and realize the opportunities presented by the increasingly digital world. By joining the ID2020 Alliance, who are strong advocates for digital identity in developing markets, both companies believe their collective technologies, networks, and connections can better bridge the gap and provide viable solutions for everyone.

“Digital identity can be a powerful force multiplier to enhance social and economic opportunities for all people,” said ID2020 Executive Director, Dakota Gruener. “But to fully realize that potential, governments, technology companies, financial institutions, and civil society must collaborate. We are delighted to welcome Mastercard to the ID2020 Alliance and applaud their commitment to privacy-protecting, user-centric digital identity.”

Mastercard said its collaboration with ID2020 builds on Mastercard’s commitment to improving how people manage and use their digital identity and follows the publication of the company’s model for digital citizenship in an increasingly connected world. The model is founded on user-centric principles such as data ownership, confidentiality, consent, and transparency, and embodies privacy-by-design.

Mastercard is a global technology company in the payments industry. “Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all,” Mastercard declared.

ID2020 is a global public-private partnership that harnesses the collective power of nonprofits, corporations, and governments to promote the adoption and ethical implementation of user-managed, privacy-protected, and portable digital identity solutions.

Source: Mastercard

|GlobalGiants.Com|


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May 18, 2020

FORTUNE Announces 2020 FORTUNE 500 List, Launches First-Ever "History Of The FORTUNE 500" Data Analytics Visualization Site With Partner Qlik

Walmart takes No. 1 spot for the eighth straight year; Amazon.com jumps up to No. 2, its all-time high ranking.

Fortune Magazine

NEW YORK, May 18, 2020 — Today, FORTUNE announced the 66th FORTUNE 500, its annual list of the largest corporations in the United States, ranked by revenue for the 2019 fiscal year. Additionally, FORTUNE and Qlik, the official analytics partner of the FORTUNE 500, have launched the “History of the FORTUNE 500” interactive site. This visual experience, developed by Qlik, takes users on a journey through the FORTUNE 500. It enables guided exploration of data related to company revenues, the historical events that shaped them, and the industry sector status and changes that have emerged.

According to FORTUNE, the revenue threshold for making the 2020 FORTUNE 500 list was $5.7 billion, up 1% from last year. In total, FORTUNE 500 companies represent two-thirds of the U.S. GDP, with $14.2 trillion in revenues (up 4%), $1.2 trillion in profits (up 8%), $20.4 trillion in market value (down 10%), and employ 29.2 million people worldwide.

Walmart took the top spot on the 2020 list for the eighth year in a row, generating $4 trillion cumulative revenue over that time. Amazon.com jumped to No.2 for its highest ranking since its 2002 debut. Exxon Mobil, Apple, and CVS Health round out the top 5, FORTUNE said.

THE TOP FIFTY COMPANIES ON THE 2020 FORTUNE 500 LIST ARE:

  1. Walmart
  2. Amazon.com
  3. Exxon Mobil
  4. Apple
  5. CVS Health
  6. Berkshire Hathaway
  7. UnitedHealth Group
  8. McKesson
  9. AT&T
  10. AmerisourceBergen
  11. Alphabet
  12. Ford Motor
  13. Cigna
  14. Costco Wholesale
  15. Chevron
  16. Cardinal Health
  17. JPMorgan Chase
  18. General Motors
  19. Walgreens Boots Alliance
  20. Verizon Communications
  21. Microsoft
  22. Marathon Petroleum
  23. Kroger
  24. Fannie Mae
  25. Bank of America
  26. Home Depot
  27. Phillips 66
  28. Comcast
  29. Anthem
  30. Wells Fargo
  31. Citigroup
  32. Valero Energy
  33. General Electric
  34. Dell Technologies
  35. Johnson & Johnson
  36. State Farm Insurance
  37. Target
  38. IBM
  39. Raytheon Technologies
  40. Boeing
  41. Freddie Mac
  42. Centene
  43. United Parcel Service
  44. Lowe’s
  45. Intel
  46. Facebook
  47. FedEx
  48. MetLife
  49. Walt Disney
  50. Procter & Gamble

According to FORTUNE, it drives the conversation about business. “With a global perspective, the guiding wisdom of history, and an unflinching eye to the future, we report and reveal the stories that matter today — and that will matter even more tomorrow,” the American multinational business magazine said. “With the trusted power to convene and challenge those who are shaping the industry, commerce, and society around the world, FORTUNE lights the path for global leaders — and gives them the tools to make business better,” it added.

Source: FORTUNE Media

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May 16, 2020

TAG Heuer introduces a limited-edition TAG Heuer Monaco timepiece as a tribute to the iconic 'Grand Prix de Monaco Historique' Car Race.

TAG Heuer, Monaco

ENLARGE

Photo: A limited-edition Monaco timepiece dedicated to the Grand Prix de Monaco Historique Car Race.

La Chaux-de-Fonds, Switzerland — The appointment of TAG Heuer as the Official Sponsor and Timekeeper of the Grand Prix de Monaco Historique complements its current designation as the Official Watch of the Monaco Grand Prix and the Official Watch Partner of the Monaco Top Cars Collection museum.

TAG Heuer is presenting a special-edition timepiece as a tribute to this prestigious event and the Monaco collection.

The biannual Grand Prix de Monaco Historique weekend is one of the classic car racing events. The passionate community of owners, drivers, and spectators relish the spectacle of historic Grand Prix racing and love the warm spirit and camaraderie around the circuit.

The strikingly elegant and charismatic chronograph designed especially for the occasion features the signature red-and-white color code that is reminiscent of eye-catching sports cars from the thrilling world of motor racing. The small silver historic car logo of the Grand Prix de Monaco Historique at the 1 o’clock position on the crimson brushed dial instantly links this exclusive model to the historic race. Each of these limited edition 1,000 watches has its unique number, and the words “One of 1000” engraved on it.

|GlobalGiants.Com|


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Edited & Posted by Surender Hastir | 11:23 AM | Link to this Post

May 15, 2020

Self-Sterilizing, Transparent N99+ Masks

Transparent masks

ENLARGE

DETROIT, May 14, 2020 — Detroit-based Redcliffe Medical announced it had launched LEAF, a breakthrough transparent face mask with state of the art N99+ HEPA-Carbon filtration, powered by optional UV self-sterilization and active ventilation.

The face-cover embodies a design inspired by nature and natural transpiration of leaves, the company said. It’s efficient yet minimalistic while allowing face unlock on Smartphones. Its shell is of optical grade, soft, fire-retardant, reusable, self-defogging, and UV proof Silicone material, Redcliffe Medical stated.

LEAF comes in different transparent, translucent, and solid colors with three variants HEPA, UV, and PRO.

• LEAF-HEPA has the patent-pending signature “Leaf” design coupled with U-Series HEPA-filtration, known as the Gold standard of HEPA filtration as small as 0.3 Micron (with 99.9997% Filtration).

• LEAF-UV is high performance. It contains UV-C sterilization built into the rechargeable filter housing, destroying pathogens at the DNA level at “light” speed and Active-Carbon filtration to eliminate odors organic substances. With disposable masks raising an impending threat to nature, effective sterilization makes the filters last for up to a month.

• LEAF-PRO adds active ventilation & air quality sensing. LEAF-PRO actively senses the user’s metabolism and particle count on the included Air-Manager Smartphone app. That Air-Manager Smartphone app. automatically commands the Sterilization and Ventilation system. Deploying all that cutting-edge tech allows the LEAF PRO to deliver a paramount safe breathing experience, said the manufacturer.

According to LEAF’s Co-Founder and Innovation awardee Alex Lightman, “Leaf was designed to be the gold standard in the face mask in Covid19. It’s 2020, and we now have a mask that looks and acts fully modern. It fundamentally changes our ability to defend ourselves from pathogens and pollution while enabling society to see who we are dealing with and to keep masks on while using face unlock biometrics.”

LEAF’s Co-Founder, Lalit Verma, said, “It’s the right tech at the right time. While the COVID-19 crisis has hit the world, rapid adoption of opaque face masks is threatening social security and public surveillance, and Leaf’s transparency is key to secure scalable protection.”

LEAF’s Globe series, a stripped-down version of Leaf designed for mass deployments, is available for bulk orders. LEAF’s Geolock series is another patent-pending tamper-proof series that allows the mask to be installed-removed at secure locations for contained transit of potentially infected individuals. The manufacturer, Redcliffe Medical Devices, gave this information.

Source: Redcliffe Medical Devices, Inc.

|GlobalGiants.Com|


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Edited & Posted by Surender Hastir | 5:24 AM | Link to this Post

May 13, 2020

Cipla Enters Into a Licensing Agreement With Gilead to Expand Access to COVID-19 Treatment

Cipla

MUMBAI, India, May 13, 2020 — Cipla Limited today announced that it had signed a non-exclusive licensing agreement with Gilead Sciences, Inc. for the manufacturing and distribution of the investigational medicine Remdesivir. This agreement is part of Cipla’s efforts to enhance global access to life-saving treatments for patients affected by the pandemic. Remdesivir has been issued an Emergency Use Authorization (EUA) by the U.S. Food and Drug Administration (FDA) to treat COVID-19 patients.

As part of the agreement, Gilead Sciences would permit Cipla to manufacture the API (Active Pharmaceutical Ingredient) and Finished Product and market it in 127 countries, including India and South Africa, under Cipla’s brand name. Cipla will receive the manufacturing know-how from Gilead Sciences, Inc. to manufacture the API and Finished Product at a commercial scale. Cipla’s extensive geographical and retail footprint will help make this therapy accessible to more patients and markets.

According to the World Health Organisation (WHO)’s tracker, the number of reported COVID-19 cases has crossed the four million mark globally.

The EUA will facilitate the broader use of Remdesivir to treat hospitalized patients with severe symptoms of COVID-19. The EUA is based on available data from two global clinical trials - the U.S. National Institute for Allergy and Infectious Diseases’ placebo-controlled Phase 3 study in patients with moderate to severe symptoms of COVID-19, and Gilead’s global Phase 3 study evaluating Remdesivir in patients with severe disease. Multiple additional clinical trials are ongoing to generate more data on the safety and efficacy of Remdesivir as a potential treatment for COVID-19. Remdesivir continues to be an investigational drug that has not been approved by the FDA.

Commenting on the partnership, Mr. Umang Vohra, MD and Global CEO, Cipla Limited, said, “As the world faces the COVID-19 crisis, we must collaborate and fight this virus together. We are pleased to partner with Gilead for this cause and take this treatment to patients across countries after the required regulatory approvals. At Cipla, it is our continuous endeavor to ensure that no patient is denied access to life-saving treatments. Our partnership with Gilead represents this unwavering commitment and is a significant step towards saving millions of lives impacted by the pandemic.”

Source: Cipla.

|GlobalGiants.Com|


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Edited & Posted by Surender Hastir | 1:31 PM | Link to this Post


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