Monthly Archives: January 2022

Fourth Circuit Applies Safeco to FCA Claims, Accuses CMS of ‘Maintaining Strategic Ambiguity’ Around Medicaid Drug Reimbursement Program Requirements – Food, Drugs, Healthcare, Life Sciences

In a recent 2-1 decision, the Fourth Circuit joined every other circuit in considering the matter when applying Safecothe FCA’s “reckless disregard” standard to the FCA’s legally false claims based on alleged violations of ambiguous laws and regulations. Below Safeco, the courts consider whether a defendant’s interpretation of the ambiguous statute or regulation at issue was objectively reasonable and whether ...

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PennyMac expands direct-to-consumer business

Based in California PennyMac Financial Services will invest $3.9 million to open a new mortgage origination center in Franklin, Tennessee. The non-bank mortgage lender is expanding its direct-to-consumer lending business as some competitors lay off employees in hopes the channel will cool with higher mortgage rates. PennyMac’s new project will create 325 jobs in Williamson County, but employees will acquire ...

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Udupi: Police destroy 71 defective silencers, manufacturers under scanner

Daijiworld Media Network – Udupi (JD) Udupi, January 31: No less than 71 faulty mufflers were destroyed by Udupi Police on Monday, January 31. During a special campaign conducted by the Manipal Police Station from January 1 to January 25, a total of 71 vehicle mufflers that violated the Motor Vehicle Act were seized. Speaking to the media, ...

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Why these IIT Delhi graduates are looking to digitize the export ecosystem with their SaaS startup

As founder, Divyaanshu Makkar believes that great ideas cannot be generated; they can only be discovered. In line with the philosophy, friends and colleagues – Divyaanshu, Mayur Bhangale and Vikas Garg – started discussing various ideas to disrupt the Indian export ecosystem, acknowledging the importance of international trade. It led to the birth of Inasmuch assourcewizInasmuch as. The SaaS (software ...

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Iranian lawmaker warns of massive uprisings in coming months

A conservative Iranian lawmaker has warned of massive uprisings in the country if the economic situation continues to deteriorate in the coming months. Criticizing President Ebrahim Raisi’s decision to cut food subsidies, Ahmad Naderi said on Sunday that the government was on the wrong track on some issues. He said the reforms proposed by Raisi in next year’s budget could ...

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Pershore farm charged with pollution violation by Environment Agency

A Pershore farm and fruit and vegetable wholesaler are accused of breaching pollution regulations by the Environment Agency. Springhill Farms Ltd in Salters Lane, Lower Moor is facing charges over 16 alleged breaches of the Nitrate Pollution Prevention Regulations which relate to the spreading of organic manure. The agency says it failed to ensure nitrogen levels remained below the allowable ...

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Silicone Fluids Market Worth $6.6 Billion by 2026 Global Key Manufacturers, Production and Sales Market Comparison

ReportsnReports PUNE, MAHARASHTRA, INDIA, Jan. 29, 2022 /EINPresswire.com/ — ReportsnReports offers latest published report on “Silicone Fluids Market by Type (Simple, Modified), End-Use Industry (Personal Care & Beauty) , Textiles, Automotive and Transportation, Industry, Building & Construction), and Region (North America, Europe, APAC, MEA, South America) – Global Forecasts to 2026” providing key insights and delivering a competitive edge to ...

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AEPC President Encourages Garment Exporters to Look to Colombian Market; says focus on high value products

AEPC President Encourages Garment Exporters to Look to Colombian Market; says focus on high value products New Delhi, Jan 29 (KNN) Addressing a B2B meeting, the Chairman of the Apparel Export Promotion Council (AEPC), Narendra Goenka, urged Indian garment exporters to set their sights on increasing their share in the world’s garment imports from China. Colombia focusing on high value ...

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Banks betting on Russia face new test of appetite

Western banks are used to political turbulence in Russia. Societe Generale, which first set up shop in the country 150 years ago, was forced into a 56-year hiatus after the Bolshevik Revolution of 1917. Since its return, the French lender has weathered the end of communism, Russia’s sovereign default in 1998 and the annexation of the Crimean peninsula in 2014. ...

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A fire in Manises destroys a warehouse of the largest importer in Valencia

A huge fire broke out in an industrial complex of eight warehouses in the industrial area of ​​Manises in Valencia today, Friday January 28. This batch of warehouses, located on Avenida Mas de l’Oli, next to the airport, is mainly dedicated to the import and storage of products for Chinese bazaars. A warehouse was completely destroyed, but thanks to the ...

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Local book publisher writes its own titles as it moves into brand new £400,000 headquarters in Harborough

Troubador Publishing is busy writing its own success story after moving from Kibworth Harcourt to the town’s new Airfield Business Park warehouse and office base. A local book publisher is writing its own titles as it moves into a brand new £400,000 head office in Market Harborough. Troubador Publishing is busy writing its own success story after moving from Kibworth ...

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Manufacturers: FX supply hit hard in Q4’21

Members of the Manufacturers Association of Nigeria (MAN) said that the fourth quarter (Q4) of 2021 was the worst for foreign exchange (forex) supply in the country. MAN chairman Mansur Ahmed, an engineer, who disclosed to New Telegraph in an interview in Lagos, said local manufacturers had difficulty sourcing foreign exchange from commercial banks across the country in Q4′ 21. ...

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Government allows exporters to make equity investments overseas

Bangladeshi exporters will now be able to make equity investments overseas, subject to an adequate balance of their Export Retention Quota (ERQ) – a portion of the export earnings they have saved in the form of foreign currency . Exporters will be able to invest, in the form of equity, the lowest amount between 20% of their five-year average annual ...

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Higher import duties killing industry, say Kenyan juice makers

By EDWIN MUTAI Fruit juice makers have rejected a decision by the Kenya Revenue Authority (KRA) to increase import duties on products used in making ready-to-drink juice. They said KRA has raised customs duties from 10% to 25%, which forces consumers to pay the additional costs. The reclassification of duties levied on semi-processed products used to make juice, they said, ...

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Celestial Scents candles have gone from a basement to a storefront – despite COVID

Written by LINK nky reporter Haley Parnell From a business that started in her basement 17 years ago, Denise DeMoss has grown her own business and now operates out of a storefront at 305 Crossroads Blvd in Cold Spring, Kentucky. Celestial Scents Candles was born out of a hobby and learned how to make soap from YouTube videos in DeMoss’ ...

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Aerospace parts manufacturing market size worth $1,233.2 billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, January 26, 2022 /PRNewswire/ — The World aerospace parts manufacturing market size is expected to reach $1,233.2 billion by 2030 at a CAGR of 4.0%, according to a new report from Grand View Research, Inc.. Rising passenger and cargo traffic in emerging economies is driving the demand for next-generation aircraft, which in turn is expected to drive the ...

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Growth of coir market by 2029

New Jersey, United States,- the coconut fiber market The report emphasizes on detailed understanding of some crucial factors such as size, share, revenue, forecasted trends, supply, production, demand, industry, and CAGR to provide an in-depth perspective of the world market. In addition, the report also highlights the challenges hampering market growth and expansion strategies of leading companies in the “Coir ...

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BTMA seeks 100% duty waiver for all fiber types

Key requests Duty-free import facility for over 20 fiber types Maintaining the corporate tax rate facility of 15% until 2026 Reduction of duties on imports of textile instruments to 1% Reduced VAT on locally produced yarn to Tk 3 per kg Increase in government-set wastage rates in yarn production The Bangladesh Textile Mills Association (BTMA) has called for full import ...

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Japan to subsidize oil wholesalers for the first time to reduce fuel prices

Japanese Industry Minister Koichi Hagiuda said on Tuesday that the government would for the first time implement its oil industry subsidy program, which aims to reduce petroleum fuel prices from the end of the week following a recent spike in oil prices. The average retail price of regular gasoline in the country was 170.2 yen ($1.5) per liter on Monday, ...

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More Automakers Are Raising Prices Amid FED Impact

After Pak Suzuki, Honda Atlas and Indus Motor Company, other automakers including Hyundai, KIA, Changan and Prince-DFSK have also raised the price of their cars, multiple dealers confirmed to company registrar. The development comes a week after the government increased Federal Excise Duty (FED) on cars through the Money (Supplementary) Bill 2022. Here are the revised prices from all major ...

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Foreign Exchange Rate Gains in Official Market as Forex Turnover Records Rise

The exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window closed at N416/$1. The naira appreciated slightly against the US dollar on Friday to close at N416/$1, a gain of 0.08% from the N416.33/$1 recorded in the previous trading session. On the other hand, forex turnover in the official market increased by ...

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Hortgro excited by success in India

Hortgro, the South African apple and pear growers association, is set to expand its promotional campaign in India in the coming season, following the successful launch of its market development program in 2021. The industry body reported a “remarkable increase in demand” for South African apples and pears in the Indian market during the 2021 season, with sales boosted by ...

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Mark Cuban’s Online Pharmacy Now Open, With Low-Cost Prescription Medications | Business

Mark Cuban’s online pharmacy promising affordable prices on prescription drugs is up and running. The Mark Cuban Cost Plus Drug Company cuts out the middleman and negotiates directly with drug manufacturers and pharmacies to obtain discounts and rebates on behalf of employers, health insurers and government health programs. It says it offers the lowest direct-to-consumer prices on more than 100 ...

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Lyman Orchards sets up manufacturing facilities in New Haven

NEW HAVEN, CT (WTNH) – The former Something Sweet buildings in New Haven will be transformed into manufacturing facilities for Lyman Orchards. Lyman Orchards successfully purchased the assets of Something Sweet out of bankruptcy in an auction that took place in September 2021 and officially closed the purchase in October 2021. The two buildings, located on Sargent Drive and Grand ...

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Symphony becomes the 2nd exporter of smartphones “Made in Bangladesh”

Symphony started exporting smartphones to Nepal with a shipment of 15,000 smartphones on October 26 last year TBS report January 22, 2022, 2:55 PM Last modification: January 22, 2022, 9:46 PM Photo: Mumit M/TBS “> Photo: Mumit M/TBS Symphony has become the second local brand to export “Made in Bangladesh” smartphones by sending its smartphones to Nepal’s Apex Group. “We ...

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How to make a thrift store for vintage Heywood-Wakefield furniture

Shopping at thrift stores, flea markets and estate sales can be overwhelming. With the sheer volume of things, how do you know where to start? How to spot the gems among all the trash? As a professional dealer who has been combing through thrift stores for nearly 30 years, I can help. If you’re ready to cut your shopping time ...

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CBN launches electronic invoicing for importers and exporters on February 1

the Central Bank of Nigeria (CBN) announces that it will launch electronic invoicing for imports and exports in the country from February 1, 2022. The apex bank made the disclosure in a circular to all authorized dealers and the general public, and signed by its director of the commerce and trade department, OS Nnaji, and posted on its official website ...

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Pedata RV Center Expands Inventory Offering New Line of Used RVs and Motorhomes at Wholesale Prices

Pedata RV Center has restocked its inventory with a new line of top quality used RVs and Motorhomes from top name brands at wholesale prices. Tucson, AZ – January 21, 2022 – Pedata RV Center is pleased to announce that it has recently expanded its inventory to offer a new line of Class A, Class B, and Class C used ...

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Sagent, Cenlar, HouseCanary, Open Mortgage hire executives

From left to right: Dan Manginelli, Bob Boehnlein Amerifirst Financial, the parent company of Amerifirst Home Mortgage, has welcomed Dan Manginelli and Bob Boehnlein as co-CEOs to lead growth initiatives and recruitment in the West. “Dan Manginelli and Bob Boehnlein are the perfect team to lead Ameritrust Home Mortgage as we begin our planned expansion into the western United States, ...

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Resins Ink Market 2020 Research by Key Manufacturers, Competitive Landscape and Industry Development by 2027

Ink Resins Market A major factor that has contributed to the escalation in demand for ink resins is the rapid growth of print media and commercial and industrial printed matter. OREGON, PORTLAND, USA, Jan. 21, 2022 /EINPresswire.com/ — The Global Ink Resins Market report provides an in-depth study of market dynamics such as drivers, restraints, opportunities and the current market ...

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Sampath Bank Announces Strategic Partnership with National Chamber of Exporters – The Island

Sri Lanka’s leading private sector bank, HNB PLC, has partnered with local automotive giant Indra Traders to provide customers with exclusive leasing solutions for unregistered and used vehicles and freezers. Customers can enjoy attractive benefits and discounts during the promotional period from January to December 2022. Dilshan Rodrigo, Managing Director of HNB, Chief Operating Officer, and Rushanka Silva, Managing Director ...

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Canadian Beef Market Update: China’s Beef Imports Rise, But High Prices Create Uncertainty

Chinese beef imports have been rising on the mainland, but in Hong Kong beef supplies are tight and prices are rising. China has imported 1.97 million tonnes of beef year-to-date in October, up 12% from 2020. The overall value of imported beef is expected to exceed US$11 billion for 2021. Although the overall level of beef prices in November has ...

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YC alum Dropee, a Malaysian B2B wholesale platform, lands $7 million Series A – TechCrunch

Another SME-focused startup in Southeast Asia has announced a funding round. dropee, a Malaysia-based B2B wholesale platform that also offers financial services, such as working capital loans, to SMEs, today announced that it has closed a Series A round totaling $7 million. the Y Combinator alum raised $3 million in equity and $4 million in debt, led by returning investor ...

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Kennedy Funding opens new headquarters

Kennedy Funding has moved, in a move the direct private lender says coincides with its entry into the next stage of growth, having just passed $4 billion in closed loans. “Moving to our own building represents a new era of expansion for Kennedy Funding,” Chief Executive Officer and President Kevin Wolfer said in a statement. “This is the culmination of ...

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Prioritize local manufacturers in benchmark policy decision – Prof. Quartey

Peter Quartey, Director of the Institute for Statistical, Social and Economic Research The Director of the Institute for Statistical, Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey, has called on the government to be firm in its decision-making on the benchmark policy that will promote and support the local manufacturers rather than giving benefit to ...

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NKATI urges Dawood to continue its DLTL policy – Business & Finance

KARACHI: North Karachi Trade and Industry Association (NKATI) Chairman Faisal Moiz Khan has urged Prime Minister’s Trade and Investment Advisor Abdul Razak Dawood to continue the policy DLTL to save businesses, especially domestic exports, from destruction. To help exporters, the government should develop a comprehensive and positive DLTL policy and communicate it to all banks. Expressing concern that there is ...

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Plaisirs du Vin B2B Workshops for Wine Export 2022 Change dates

Advertising The 12and edition of the first B2B workshop in Italy which was originally scheduled to take place March 1-3 will now take place May 2-4 due to concerns from importers regarding travel and the Omicron variant. January 18 – “Given the uncertainty and travel restrictions generated by the current situation created by Omicrom in many countries and in order ...

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Birchalls launches most ambitious calendar of events yet

News LGW Hub food drink Birchall Foodservice, a leading food wholesaler delivering to caterers in the North and Midlands, has launched its 2022 customer events calendar. Kicking off with a salad bar workshop on January 25th which is being hosted in partnership with Rich Sauces, the founding member of Country Range will also host an ice cream workshop, a dysphagia ...

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Couple shocked car loan repayment ‘waiver’ doesn’t cover job loss

Nick Reed / Stuff The refund waivers sold with some auto loans are extremely poor value for money, with the Commerce Commission calculating the chance of a customer’s application being approved is just 2%. Loan repayment ‘waivers’ on two auto loans proved worthless to a couple who struggled financially, a Financial Services Complaints Department investigation has found. Repayment waivers are ...

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Aercap struck 438 deals with airlines and manufacturers last year, the company says

Irish aircraft leasing giant Aercap secured 438 deals with airlines and manufacturers last year, the company confirmed on Monday. Aercap buys planes and engines from manufacturers such as Airbus and Boeing and leases them to airlines around the world. The Dublin-based company became the biggest player in its industry when it completed the $24 billion purchase of GE Capital Aviation ...

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Sugar exports jump 277% to 17 lakh tons in Oct-Dec 2021-22

Indian exporters shipped around 17 lakh tonnes (lt) of sugar in the October-December quarter of the current 2021-22 sugar season, up from 4.5 l in the same period last year, an increase by about 277%. According to the Indian Sugar Mills Association (ISMA), the apex trade body, an additional 7 liters were being exported in January 2022. Indian exporters have ...

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Nearly three million cars recalled in Korea last year

The number of cars recalled last year was 2.93 million, a record. The Korea Transportation Safety Authority announced on Jan. 16 that 2,932,820 cars divided into 2,443 models were recalled in South Korea last year. The figure, which is a record, is the sum of those ordered by the Ministry of Land, Infrastructure and Transport and the Ministry of Environment ...

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Rising costs add to pandemic pain for small businesses

NEW YORK — In just two weeks, the cost of pecans for pies at Peggy Jean’s Pies in Columbia, Mo., jumped nearly 40%, perplexing co-owner Rebecca Miller and driving up the cost of business. Miller will soon have to raise the price of its Southern Pecan, Chocolate Bourbon and German Chocolate pies from $2 to $24. While pecans have risen ...

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China’s zero-Covid policy poses a challenge to manufacturers and supply chains

China’s battle to contain the Omicron variant risks suffocating already strained global supply chains, manufacturing officials and analysts have warned, threatening production of goods ranging from smartphones to furniture. Beijing is determined to prevent any large-scale transmission of Covid-19, especially as it prepares to host the Winter Olympics next month, and has imposed restrictions to maintain its zero-Covid strategy. A ...

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Bangladesh’s export earnings in major markets rebound

A file photo shows workers queuing before entering a ready-to-wear factory in Dhaka on August 1, 2021. Bangladesh’s export earnings in the first half (July-December) of the fiscal ongoing 2021-22 has seen robust growth in its major markets, including the US, Germany and the UK, as the recovering Western economy has created additional demand for ready-to-wear apparel -to-wear amid the ...

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Heading to bankruptcy court?

When is good news not necessarily good news? The number of bankruptcy filings has dropped significantly in the United States. This seems like good news. But is it? According to a recent CNBC report, there were 434,540 bankruptcy filings in the United States in 2021, for the year ending 9/30/21. This compares to 776,674 filings in 2019, just before the ...

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This is why prescription drugs are so expensive

Oligopoly: a state of limited competition, in which a market is shared by a small number of producers or sellers. SALT LAKE CITY — Why are prescription drugs so expensive? An advocate for open access, transparency and competitive markets in the pharmaceutical industry shares his mind-blowing insights into the prescription drug industry and how insiders, whose job it is to ...

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The customs strike enters its third day

LANDIKOTAL: Hundreds of loaded trucks were stuck at the Torkham border as the customs strike entered its third day on Friday. The Khyber Chamber of Commerce had called on all its affiliated customs associations to boycott the clearance of goods to register their protest. An official said importers and exporters had lost millions of rupees over the past few days ...

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Northern Ireland manufacturers say Brexit protocol is least of concern – survey | North Ireland

Manufacturers in Northern Ireland ranked post-Brexit trade deals in Northern Ireland as the least of the challenges facing their businesses, according to a quarterly industry survey, with 28% saying trade with the EU has increased over the past year. The main concern was the labor shortage caused by the pandemic, but also the end of the freedom of movement which ...

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New technology to improve welfare in Australia’s live animal export industry

Australian live animal exporters will soon use automated sensors to monitor environmental conditions on ships after a successful trial of a new technology developed in Norway. The technology – which aims to improve animal welfare and connectivity – uses a series of nodes to automatically collect and transfer data from sensors throughout the vessel. The data is then sent to ...

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The new promotional campaign to raise awareness of Tasmanian cherries in Taiwan

Fruit Growers Tasmania launches the very first state cherry promotional campaign in Taiwan, aimed at developing an important market for local growers. CEO Peter Cornish said it will be a four-week campaign running on Facebook and YouTube and featuring three short videos that show where and how Tasmanian cherries are grown; highlighting their freshness, color and size. These videos take ...

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Retailers claim Australian government is seizing COVID-19 RATs they have ordered

As Omicron spreads across the country, it is imperative that Amanda’s small team of health workers use RATs to test themselves regularly. Read more “While we use PPE – so we wear masks and shields – with the use of rapid antigen test kits, we could quickly find out whether a staff member has COVID or not. And if they ...

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Gov. Mike DeWine, when mother of potential chipmaker in Ohio, backs bill for industry

Rumblings of the rotunda Chip on his shoulder: Governor Mike DeWine on Tuesday called on Congress to pass a bill that would allocate $ 53 billion to support the US semiconductor industry. He did so by dodging a question about a major new computer chip factory that is slated for the Columbus area, reports Andrew Tobias. Divide a positive: Ohio ...

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ITC Says Printer Paper Rights In 5 Countries Still Needed

By Grace Dixon (Jan. 11, 2022, 6:39 p.m. EST) – The U.S. International Trade Commission on Tuesday refused to rescind a list of duties on office paper from China, Brazil, Indonesia, Australia and Portugal, believing that imports would continue to hurt domestic producers if the levies were lifted. The ITC completed its first five-year review by assessing whether to remove ...

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Iran to allow crypto payments for international trade: report

The Central Bank of Iran, or CBI, and the Ministry of Commerce have reached an agreement to link the CBI’s payment platform to a trading system that allows businesses to settle payments using cryptocurrencies, The Mehr news agency reported on Monday. Alireza Peyman-Pak, Iranian deputy minister of Industry, Mines and Trade and head of the Iranian Trade Promotion Organization, or ...

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Is this resilient farm-to-fork system a “proof of concept” for revolutionizing hospital nutrition?

An ambitious program launched by Chief Executive Santana Diaz at the University of California, Davis Medical Center in 2018 aimed to resolve one of healthcare’s most glaring contradictions – malnutrition which affects up to 50 percent of hospital patients worldwide. The farm-to-table chef planned to serve only healthy, organic foods sourced within 250 miles of the three Sacramento area hospitals, ...

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FIEO Partners with RebelCorp to Enable 30,000 MSME Exporters to Create and Manage Their Own Websites: Report

Over 30,000 micro, small and medium (MSME) exporters who are part of the Federation of Indian Export Organizations (FIEO) will now have the ability to expand their digital presence by creating and managing their websites. FIEO has partnered with RebelCorp to deploy DIY tools so people can produce their websites with unique designs without coding, Express Financial reports. RebelCorp Founder ...

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Indian Banks Reduce Packaging Credit For Shipments To Sri Lanka, Lower Risk Limits

ECONOMYNEXT – Indian banks have further tightened packaging credit for exports to Sri Lanka and reduced risk limits due to currency shortages on the island that delayed payments and increased risk perception, report says . Several Indian banks have reduced the discount on letters of credit issued by Sri Lankan banks to importers on the island, Indian newspaper Economic Times ...

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Tomato, Brinjal and Cauliflower Prices Rise

FE ONLINE REPORT | Posted: Jan. 09, 2022, 3:39 p.m. | Update: Jan. 09, 2022, 4:31 p.m. Prices for tomatoes, brinjals and cauliflower rose in food markets in Dhaka city on Sunday, adding to the woes of ordinary people. However, the prices of broilers, laying hens, red eggs, and Pakistani and sonali chickens remained stable. On Sunday, the broiler chicken ...

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Major Key Players of the Yoga Mat Market, Major Manufacturers, Segmentation, Product Type and Outlook 2027

Emerging research logo Yoga Mat Market Size – USD 8.83 Billion in 2019, Market Growth – at 3.1% CAGR, Market Trend – Growing Use of Natural Rubber to Produce Yoga Mats VANCOUVER, BC, CANADA, Jan. 9, 2022 /EINPresswire.com/ – The global yoga mat market is estimated to be worth $ 11.13 billion by 2027, according to current analysis from Emergen ...

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CGI, Guangzhou Hold Promotional Event for Indian Herbal / Ayurveda / Beauty Products in China

As part of its efforts to promote Indian Ayurveda and herbal products in southern China, the Consulate General of India (CGI) in Guangzhou hosted a webinar on “Promoting Herbal Products. of plants / Ayurveda / Beauty in China ”. A press release from CGI, Guangzhou said more than 70 Indian exporters, representing Ayurvedic Medicine Manufacturers of India (AMMOI), Karnataka Soaps ...

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New foreign currency restrictions for imports

Amid the depletion of foreign exchange reserves, the central bank has reduced the amount of foreign exchange that importers of various agricultural products can purchase from banks to pay for imports. According to Unified DirectiveAs issued Friday by the Nepal Rastra Bank, importers of agricultural products can purchase a maximum of $ 50,000 per import. Government approval is still required ...

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Sonoma County Nursery Wholesalers Face Pandemic, Drought Challenges

Neve Bros., one of North Bay’s largest cut flower wholesalers, has experienced a roller coaster of supply chain challenges in running his Petaluma business during the pandemic from his 120-acre farm. When the coronavirus struck in March 2020, there was an immediate drop in supply as an estimated 80% of the country’s cut flowers are imported, most from Colombia. But ...

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£ 500,000 advanced skills increase for West Midlands manufacturers

Hundreds of workers in the West Midlands have the opportunity to upgrade their skills thanks to a new initiative from the Black Country & Marches Institute of Technology (IoT). Companies can now access specialized training for staff aged 19 and over on one of three level 4 technical courses in automated machining, robotics and quality assurance. The £ 500,000 On-the-Job ...

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Ghana: AGI and Association of Importers and Exporters disagree on reversal of benchmarks

The Ghanaian Industries Association (AGI) has urged the government to ignore calls from some stakeholders to put the implementation of the baseline reversal on hold for further consultations. Speaking in an interview with Joy News, the Association’s executive director, Seth TwumAkwaboah said the government should move forward with implementing the benchmarks while it puts consultations aside. “I am totally against, ...

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KPA to complete second oil terminal

President Uhuru Kenyatta visits the Kipevu oil terminal in Mombasa County in August 2021. [PSCU] President Uhuru Kenyatta is expected to inspect the progress of the new Kipevu Oil Terminal (KOT) under construction at Mombasa Port today. It comes as the Kenya Ports Authority (KPA) prepares for the completion of the 40 billion shillings facility, which is expected to ease ...

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California’s water systems are failing communities

Last summer, local drought emergencies were declared statewide, including in Santa Clara County, south of San Francisco Bay, which declared an emergency in July. There, some residents have seen their water bills skyrocket. Others have seen their taps dry up. “Santa Clara County is possibly one of the darkest and most dangerous counties in the state,” said Gary Kremen, vice ...

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Toymakers File Court Challenge Against Oregon’s Latest Rules Under State’s Non-Toxic Children Act

The makers of children’s products have asked a federal judge to suspend provisions of Oregon’s Toxic-Free Kids Act that prohibit certain chemicals found in certain toys sold in the state. The lawsuit argues that the state cannot anticipate federal law, which already regulates chemicals. He names the Oregon attorney general and the director of the Oregon Health Authority as defendants. ...

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Argentina’s Central Bank will earn $ 15 billion from foreign trade in 2021 – MercoPress

Foreign trade brings in 15 billion dollars to Argentina’s central bank in 2021 Tuesday, January 4, 2022 – 17:57 UTC If projections hold true, 2021 would be the fifth best performance of this century Foreign trade represented around $ 15 billion for the Central Bank of Argentina (BCRA) in 2021, according to projections reported Monday in Buenos Aires. It became ...

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Dollar hits 5-year high at top 115 yen, Tokyo shares surge

(File photo / Mainichi) TOKYO (Kyodo) – The US dollar climbed into the upper 115 yen range on Tuesday in Tokyo, its highest level since January 2017, as dollar purchases were fueled by increased risk appetite following a surge of Tokyo shares. The dollar was trading at around 115.80 yen around 1:50 p.m. in Tokyo after hitting 115.28-38 yen in ...

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FMCG companies increase sourcing as coronavirus curbs return

NEW DELHI : Packaged goods companies are once again ramping up supplies and stocking products in retail stores and e-commerce channels as covid restrictions emerge in several large states. CavinKare, a fast-growing Chennai-based consumer products company, said it is proactively ramping up production and increasing inventory at retail outlets. “In case there is some kind of peak in the third ...

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Economic Week Ahead: Eurozone Manufacturing, US Jobs Report

A worker checked the bodywork at the Iveco plant in Suzzara, Italy, in December. The state of European manufacturing will be measured by Monday’s IHS Markit Purchasing Managers Index. Photo: Francesca Volpi / Bloomberg News Through WSJ Staff January 2, 2022 3:00 p.m. ET The Labor Department’s December employment report is the highlight of this week’s economic data. Economists polled ...

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Sweater emerges as the next big bet as China exits the market

After retiring from the police force, Mostafa Golam Quddus established a sweater factory in Bangladesh in 1987, marking the country’s entry into the predominantly Chinese-dominated global sweater market at the time. He brought in 43 Chinese experts for his factory and what happened next stunned the local business community – he exported $ 3 million worth of products in the ...

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Sri Lankan Shipping Agents Seek Dollarized Payments Amid Currency Problems

ECONOMYNEXT – Sri Lanka’s shipping agents have demanded dollarized freight charges, a report said as currency shortages intensified amid low interest rates and cash injections. “The current shortage of US dollars in the banking system has made it difficult to convert any collection of freight rupees into US dollars in order to make payments to principals,” Sri Lankan newspaper The ...

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TPS demonstration: 20,000 clothing wholesalers close their stores until noon

The GST council on Friday decided to postpone the rate hike on textiles from 5% to 12% and to consider the matter at the next meeting in February. Animesh Bisoee | Jamshedpur | Posted 02.01.22, 01:46 AM About 20,000 clothing wholesalers closed their stores until noon in Jharkhand on Friday to protest the Centre’s decision to increase the goods and ...

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New series of tariff regimes open to agro-industrialists

A new round of tariffs suspension / quota has been announced and requests are being sought from manufacturers in the agricultural, industrial and related sectors. The program opens today (Saturday January 1) and will remain open until 5:30 p.m. on January 31, 2022. the tariff suspension regime facilitates the import of raw materials, components or intermediate products outside the European ...

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