Category: 3. Business

  • TECNO Day on Daraz brings Special Offers, Unbeatable Prices

    TECNO Day on Daraz brings Special Offers, Unbeatable Prices

    LAHORE – TECNO, one of Pakistan’s most popular and fast-growing smartphone brands, has announced an exclusive “TECNO Day” on Daraz, giving users across the country a chance to purchase their favorite TECNO smartphones at the best prices of the season. Customers can enjoy special discounts, exclusive TECNO gifts, and fast doorstep delivery by shopping directly from the official TECNO Flagship Store on Daraz.

    A Step Toward Making Innovative Technology Accessible for Everyone

    TECNO Day reinforces the brand’s commitment to making innovative, high-quality, and stylish technology accessible to everyone in Pakistan, especially young users who want advanced features at budget-friendly prices. TECNO continues to build trust among students, first-jobbers, and digital natives by offering smartphones that combine premium design with reliable performance — without compromising affordability.

    The Most Loved Smartphone of Young Pakistan: TECNO Spark 40 Pro+

    Young smartphone users in Pakistan have been adoring the TECNO Spark 40 Pro+, a device widely praised for its sleek modern design, stunning display quality, and powerful all-round performance.

    Tecno Day On Daraz Brings Special Offers Unbeatable Prices

    The device features an Ultra-slim 6.49mm body with a lightweight, premium feel that instantly appeals to style-conscious users. Its curved-edge AMOLED Display provides a cinematic visual experience, complemented by 1.5K resolution, a smooth 144Hz Refresh Rate, and 4500nits peak brightness that remains clear even under bright sunlight.

    Tecno Day On Daraz Brings Special Offers Unbeatable Prices Tecno Day On Daraz Brings Special Offers Unbeatable Prices

    Spark 40 Pro+ runs on the world’s first MediaTek Helio G200 processor, delivering powerful speed and seamless multitasking for gaming, video streaming, and content creation.

    With 30W Magnetic Wireless Charging and 5W Reverse Wireless Charging, users can conveniently charge their devices without cables and even share power when needed. For those who prefer wired charging, the 45W Super Charging technology makes powering the long-lasting 5200mAh battery faster than ever. Durability has also been a standout feature, with Corning Gorilla Glass 7i and 2-meter drop resistance ensuring reliable protection for everyday use.

    Tecno Day On Daraz Brings Special Offers Unbeatable Prices Tecno Day On Daraz Brings Special Offers Unbeatable Prices

    Big Savings on the Complete TECNO Spark 40 Series

    During TECNO Day, shoppers can also explore exciting offers across the complete Spark 40 Series, including Spark 40 Pro, Spark 40, Spark 40C, and Spark Go 2. This lineup continues TECNO’s tradition of delivering high-value smartphones that offer strong performance, stylish design, and essential features that young users look for — all at extremely competitive prices.

    Camon 40 Series Also Available at Special Prices

    Photography lovers can take advantage of TECNO Day as well. The brand’s popular Camon 40 Series, known for its advanced AI-powered camera technology, sleek design, and creative imaging tools, is also available at special discounted prices. The Camon lineup has become a favorite among content creators and mobile photographers across Pakistan who want studio-quality results directly from their smartphones.

    TECNO’s Dedication to Innovation and Affordability in Pakistan

    TECNO Day highlights the brand’s ongoing mission to bring modern, high-performance technology within reach for users across Pakistan. With stylish designs, advanced camera systems, long battery life, and user-friendly interfaces, TECNO continues to deliver smartphones that are perfectly aligned with the needs of the country’s young and fast-paced generation.

    Shop Now and Enjoy Exclusive TECNO Day Offers

    TECNO Day on Daraz will be live on November 16, 2025, for a limited time. Users can upgrade their smartphones at unbeatable prices, enjoy exclusive TECNO gifts, and have their devices delivered right to their doorstep — all with just a few clicks.

    Visit the official TECNO Flagship Store on Daraz to shop now: https://www.daraz.pk/shop/tecno/

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  • Blue Islands: Airline suspends operations, cancelling all flights | World News

    Blue Islands: Airline suspends operations, cancelling all flights | World News

    Airline Blue Islands has suspended trading, cancelling all flights.

    Just a day ahead of Friday’s announcement, the company had shared an advert, recruiting for roles including pilots, engineers and head of cabin crew.

    Confirming the closure on its website, it wrote: ” We regret to inform you that Blue Islands has suspended trading effective on 14 November 2025. All future flights operated by Blue Islands have been cancelled.”

    The company warned those with tickets to fly not to travel to the airport unless they had made alternative travel arrangements.

    It told customers: “We deeply regret the inconvenience that this will bring to your travel plans”.

    The Channel Islands-based regional airline had bases in Jersey and Guernsey, and flew to Southampton, Bristol, East Midlands, Exeter, Dublin, Newcastle and Norwich, and also to Paris and Bruges.

    It had employed about 100 people.

    Blue Islands advised disappointed travellers who had booked directly with the airline to contact their bank or credit card provider, or their travel agent or holiday company if booked through a third party.

    Rescue fares and medical help

    Several airlines stepped in to help stranded customers.

    Blue Islands’ codeshare partner Aurigny scheduled 10 additional services between Guernsey and Southampton and eight additional services between Guernsey and Jersey between Saturday and Wednesday.

    While Glasgow-based regional airline Loganair introduced special rescue fares for affected passengers on selected routes from Sunday.

    With the airline offering a vital service for patients needing hospital treatment in the UK, Health and Care Jersey (HCJ) said it would be contacting patients with upcoming UK clinical appointments, or those who had already travelled to the UK for treatment.

    Airline closure should be a ‘wake-up call’

    During the Covid pandemic, Blue Islands borrowed £8.5m from the government of Jersey to help secure and maintain vital lifeline services.

    A Jersey audit office report showed £7m was still owed last summer.

    Formed initially in 1999 as Le Cocq’s Air Link to supply perishable goods to the Channel Island of Alderney from Bournemouth using Britten Norman Islanders, the company took its first passengers in 2002.

    Trading under the name Rockhopper from 2003, it rebranded in 2006 as Blue Islands. Ten years later the company became a Flybe franchise partner, restoring its name again in 2020 when Flybe closed.

    Commenting on Blue Islands’ demise, Guernsey Hospitality Association president and director Alan Sillett wrote on social media: “Tonight’s news should be a real wake-up call. Guernsey’s air links model is likely to go from an 85% monopoly to a 100% monopoly.

    “This shows our lack of resilience. We need major airlines to enter the market. Regional airlines are very fragile unless they have a bailout option.”

    A spokesperson for Blue Islands said: “After 26 years of serving the Channel Islands, we deeply regret that Blue Islands has this evening suspended its operations.

    “After very constructive dialogue with the government of Jersey in recent months, including what we understood to have been ongoing assessments of the future options, we were informed this afternoon that they are unable to provide further support.

    “This has meant that we now need to suspend flying immediately whilst we consider the options available and how we can help our customers, staff and stakeholders.”

    Earlier this week, Sky News presenter Jonathan Samuels wrote about the dramatic fall in domestic UK flights, with the figure more than halving over the past two decades.

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  • Digital transformation powers upgrade of manufacturing enterprises in northeast China-Xinhua

    Digital transformation powers upgrade of manufacturing enterprises in northeast China-Xinhua

    Staff members work at a factory of a subsidiary of China First Heavy Industries (CFHI) in Qiqihar, northeast China’s Heilongjiang Province, April 28, 2024. (Xinhua/Xie Jianfei)

    SHENYANG, Nov. 15 (Xinhua) — Digital transformation is accelerating among small and medium-sized enterprises in northeast China’s industrial base, aided by supportive technical service system and thriving industrial ecosystem.

    In Wafangdian City, a major production base for bearings in northeast China’s Liaoning Province, local manufacturers are exploring digital transformation. At Jingu bearing company, where production once depended entirely on the experience of veteran workers, operations are now guided by precise data metrics.

    “Digital transformation has elevated our production capacity and efficiency to a new level,” said Zuo Tongming, owner of the company.

    Nearby, at another manufacturer, all product inspection data is stored and updated in real time, with comprehensive reports available on demand for analysis.

    “We’ve built a fully automated digital system that streamlines the entire process from order to delivery,” said Zhou Jianhong, head of the company’s information department. “It intelligently breaks down production processes and schedules equipment, allowing workers to manage required materials more efficiently. For precision tasks, they can readily access technical drawings on their phones.”

    He added that this digital transformation has increased production efficiency by 20 percent and cut operational costs by 15 percent.

    For a long time, the high sunk costs of digitalization — often running into millions of yuan — had been a major hurdle for many entrepreneurs.

    “I lay awake at night calculating the return on investment,” admitted one local business owner, acknowledging that the financial strain and unpredictable payback periods left many companies feeling hesitant.

    A supportive ecosystem developed by local authorities is helping to boost confidence in digital adoption. In addition to financial subsidies, the government has leveraged advanced industrial Internet platforms and tailored services for the local bearing cluster, offering end-to-end support from diagnosis to system deployment.

    Liaoning Province has built a comprehensive digital infrastructure system, supported by a foundation of 143,000 5G base stations that ensure full coverage in all cities and key industrial parks. The core of this infrastructure also features a blockchain network and two intelligent computing centers in Shenyang City and Dalian City, providing the critical data backbone for advanced applications.

    Such infrastructure development facilitates platforms that connect manufacturers with supply and demand partners. For example, at the Shenyang service center of the national digital supply chain platform for equipment manufacturing, a small components factory uploaded a 3D model and was swiftly matched with a large manufacturer located just 20 kilometers away.

    “It’s like an online shopping application for industry. Smart algorithms optimize the matching of manufacturing resources,” said Li Chunwei, an operator of the center. Hundreds of local firms have successfully used the platform, shortening design cycles by 30 percent and saving customer acquisition costs by 40 percent.

    Breakthroughs in artificial intelligence (AI) are adding another layer of sophistication. Building on advances in domestic models like DeepSeek, Liaoning is now fostering industry-specific AI applications. For instance, researchers at the Dalian Institute of Chemical Physics recently launched a large model dedicated to the chemical industry. This model is capable of simulating complex molecular reactions, significantly reducing R&D time and optimizing production to conserve energy.

    “Comprehensive industrial system and rich application scenarios provide an ideal foundation for developing such specialized models,” said Pan Hong at digital economy research institute of Liaoning University.

    Looking ahead, the momentum is set to accelerate across the northeast China. In Heilongjiang Province, the digital foundation is already solidifying. As of the first quarter of 2025, 51.1 percent of industrial enterprises in the province have achieved comprehensive digitization of their key business processes.

    According to the plan of Jilin Province for accelerating equipment upgrading in the industrial sector, the province aims to support 1,000 demonstration projects in smart manufacturing and digital transformation by 2027, cultivating 150 digital transformation service providers, establishing 120 provincial-level smart manufacturing demonstration factories and 3 leading industrial internet platforms.

    From factory floors to AI models, manufacturers across northeast China are scripting a robust story of revitalization powered by digital transformation. This tech-driven upgrade goes beyond a mere efficiency boost, serving as the key to unlocking a new chapter of innovation. 

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  • What to know about colostrum supplements: What experts say

    What to know about colostrum supplements: What experts say

    Should you add colostrum to your daily diet?

    On social media, influencers add scoops of the powder to drinks. On podcasts, ads for the supplement tout it for a number of benefits: better immunity, improved gut health, weight loss, exercise recovery.

    “Colostrum has been one of the highest interest supplements over the past year,” a spokesperson for GNC wrote in an email. In GNC’s upcoming “Anti Trend Report,” colostrum supplements were highlighted as one of the biggest supplement trends of the year.

    Sometimes referred to as “liquid gold” because of its honeylike appearance, or the “starter kit” for infants, colostrum is a crucial part of newborns’ development.

    But what about adults? And what if that colostrum comes from a cow, not a human?

    Here’s everything you need to know about colostrum supplements, and if they’re worth it.

    What is colostrum?

    Colostrum is an early form of breast milk that’s produced right after giving birth.

    It’s meant to support newborns’ development and contains essential nutrients to kick-start their immune system, support their gastrointestinal system and aid their overall growth.

    Compared to so-called mature milk, the kind of milk produced after colostrum, colostrum is higher in protein, fat, vitamins, minerals and peptides. It’s produced for about five days after birth.

    Dr. Pieter Cohen, an associate professor at Harvard Medical School and a general internist at Cambridge Health Alliance, said colostrum contains certain antibodies and compounds that are important for infant development.

    “Colostrum contains a lot of things that are good for babies of the given species,” he said. “Human babies will be exposed to things that can help, like immunoglobulins and other immune-boosting proteins in the colostrum. They’re really good as the babies are developing their own immune system.”

    Other studies have demonstrated colostrum’s importance for infants in gut microbiome formation and reducing allergy risk.

    Colostrum supplements aren’t made of human breast milk, however. The majority are made from cow’s milk and sold as bovine colostrum. Some colostrum supplements are made from goat’s milk.

    Why do people take colostrum and what does the research say?

    There’s a lot of interest in colostrum for help with inflammation, particularly in athletes, said Daniel Fabricant, president and CEO of the Natural Products Association, a supplement industry trade group. He also cited gut health as a benefit.

    (Fabricant added that colostrum supplements aren’t meant to cure, treat or mitigate disease. “It’s always important to differentiate something that is a health and wellness product versus something that is curing, treating, mitigating disease,” he said.)

    In a review paper published last year in the journal Frontiers in Immunology, researchers said that many studies reported positive effects for athletes taking the supplement — including supporting muscle recovery, boosting immunity after intense exercise and healing from injuries — though they added that more research is needed. The review was funded by a dairy company.

    Another review saw improvements with gastrointestinal issues like diarrhea. The authors, however, wrote that there was “limited evidence” on colostrum’s effects on gut health, “with mixed findings.”

    Wesley McWhorter, a registered dietitian and spokesperson for the Academy of Nutrition and Dietetics, said the research on colostrum supplementation is too early to make bold claims.

    “Most of this research, still very preliminary, it’s early. There’s not large-scale studies, so there’s no strong evidence,” McWhorter said. Still, he said he’s interested in seeing where the research goes.

    In many cases, studies are funded by companies that sell colostrum.

    Richard Bloomer, dean of the College of Health Sciences and director of the Center for Nutraceutical and Dietary Supplement Research at the University of Memphis, said that each study’s factors — the supplement’s source, its dosage and who the subjects were — vary, which can affect results.

    Cohen said he doesn’t believe the research is extensive enough yet, and he doesn’t recommend colostrum supplements.

    He added supplements can vary by each manufacturer and brand, and quality assurance is lacking.

    “So even if it were that there was one or two studies on a specific product, it doesn’t mean that that product today is made the same way that the one that was studied,” he said.

    Can you get the same benefits without colostrum?

    The research on colostrum seems more promising for athletes, who have their sleep, diet and exercise “dialed in,” McWhorter said. But for the average person, he said, there are other ways to achieve the same benefits.

    McWhorter recommended a “food first” approach.

    “Focus on your diet first, your exercise second and dial in on the other pieces,” he said. “And that’s really where you should spend your time, instead of on supplements. There is no magic pill right now.”

    Benefits like the ones promised by colostrum can be achieved through lifestyle changes, such as diet, exercise and regular sleep.

    Bloomer said consumers should evaluate what they’re willing to spend their money on.

    “Could you justify an extra $2, $3, $5 a day to get a little bit of potential benefit? You might be better served by spending those $5 on a bunch of fruit and vegetables and try to enhance your immune function that way,” he said.

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  • All three of the core premises behind the bull market are coming under questioning

    All three of the core premises behind the bull market are coming under questioning

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  • New campaign urges Reading residents to recycle food waste

    New campaign urges Reading residents to recycle food waste

    A local authority is encouraging its residents to recycle “every crust, peel and coffee ground” to help the environment and local farmers.

    Reading Borough Council will give residents a free roll of food waste caddy liners over the festive season to encourage recycling.

    Karen Rowland, the council’s environmental services and community safety lead, said Reading was recycling less food waste per household than Bracknell Forest and Wokingham and this gave residents “no excuse not to start”.

    The council said all households and most flats in the Berkshire town already have access to weekly food waste collections but nearly 30% of general waste still consists of food that could be recycled.

    Ms Rowland said: “Every crust, peel and coffee ground you recycle helps to create renewable energy and nutrient-rich compost used by local farmers.

    “It’s a simple way we can all do something positive for our community and the planet.”

    She said many local people were passionate about the environment but the authority would also be providing stickers to locals as “a gentle reminder” that food waste belongs in the caddy and not the grey non-recyclable bin.

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  • A Fresh Look at BellRing Brands (BRBR) Valuation Following Recent Lack of Major Headlines

    A Fresh Look at BellRing Brands (BRBR) Valuation Following Recent Lack of Major Headlines

    BellRing Brands (BRBR) shares have been relatively flat today, gaining just under 0.1%. While there is no significant headline moving the stock at the moment, it is still worth looking at how the company currently stands in the market.

    See our latest analysis for BellRing Brands.

    Bullish runs earlier this year have faded for BellRing Brands, with a 1-year total shareholder return of negative 62.6% and the share price currently at $26.96. While revenue and profit have shown solid growth, recent momentum has shifted clearly to the downside. This reminds investors that sentiment can turn quickly even for fundamentally healthy companies.

    If today’s volatility has you wanting to broaden your view, consider using our tool to discover fast growing stocks with high insider ownership.

    The question now is whether BellRing Brands is presenting a compelling value given its current declines, or if the market is already factoring in the future growth outlook and leaving little room for upside for new investors.

    With BellRing Brands last closing at $26.96 and the most widely followed narrative estimating fair value near $50, attention on the margin between current price and potential upside remains high. The story behind this calculation gives insight into what could move the share price next.

    Expansion into new product formats (single-serve, non-dairy almond milk shakes, indulgence lines) and increased innovation pipelines allow BellRing to address evolving consumer preferences and new consumption occasions. This supports both revenue growth and margin accretion as more premium, differentiated offerings gain traction.

    Read the complete narrative.

    Which precise innovation or shift in consumer trends is driving this bold valuation? A single assumption ties together brand momentum, earnings strength, and future profitability. Don’t miss out—the details could surprise even experienced investors.

    Result: Fair Value of $50 (UNDERVALUED)

    Have a read of the narrative in full and understand what’s behind the forecasts.

    However, sustained margin pressure from rising input costs or unexpected shifts in consumer demand could quickly challenge the current bullish outlook for BellRing Brands.

    Find out about the key risks to this BellRing Brands narrative.

    If you see things differently or want to test your own investment thesis, you can easily craft and share a personal view in just minutes. Do it your way.

    A great starting point for your BellRing Brands research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.

    Staying ahead in the market means keeping your options open. Don’t miss opportunities others overlook. Let these unique themes help guide your next smart move.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include BRBR.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Assessing Alibaba (NYSE:BABA) Valuation After Recent Share Price Volatility

    Assessing Alibaba (NYSE:BABA) Valuation After Recent Share Price Volatility

    Alibaba Group Holding (NYSE:BABA) shares have seen notable movement lately, as investors process recent developments and shifts in the broader market landscape. While no major event stands out this week, the company’s fundamentals remain in focus for long-term holders.

    See our latest analysis for Alibaba Group Holding.

    Alibaba’s share price has been through a volatile stretch lately, with a strong rally earlier this year giving way to some recent pullbacks. Even with the latest 7.3% dip over the past month, the stock still boasts an impressive 81% share price return year-to-date and a remarkable 101% total shareholder return over the past three years. This signals that momentum has been building despite short-term moves.

    If Alibaba’s rebound has you rethinking where to look next, consider broadening your perspective and discover fast growing stocks with high insider ownership

    Given Alibaba’s sizeable rebound and the solid growth in both revenue and net income, investors are left to wonder: is the market undervaluing its future, or is all that growth already reflected in the price, leaving little room for upside?

    According to StefanoF, Alibaba’s current share price of $153.80 is significantly higher than the narrative’s fair value estimate of $107.09. This substantial gap raises important questions about what investors are paying for and whether near-term optimism is justified at these levels.

    While Alibaba shows strong operational momentum, particularly in AI and cloud services, the current stock price appears to fully reflect near-term growth prospects given macro headwinds and geopolitical risks.

    Read the complete narrative.

    Curious what ambitious assumptions drive this bold fair value? The narrative uses a detailed cash flow model and makes bets on future growth, profit margins, and sector leadership. Want to discover which key numbers and trends caused such a valuation gap? Uncover the specifics that set this analysis apart.

    Result: Fair Value of $107.09 (OVERVALUED)

    Have a read of the narrative in full and understand what’s behind the forecasts.

    However, mounting US-China trade tensions and renewed regulatory pressures could challenge current optimism. These factors could quickly shift the market’s perception of Alibaba’s valuation.

    Find out about the key risks to this Alibaba Group Holding narrative.

    Looking at one of the most common approaches, Alibaba’s price-to-earnings ratio stands at 16.4x, which is well below its industry average of 20.5x, the peer average of 38.8x, and even the market’s fair ratio estimate of 27.4x. This suggests the market may not be fully pricing in Alibaba’s growth potential, or it could reflect lingering skepticism or perceived risks. Could this gap signal a bargain ahead, or is it a warning sign investors should heed?

    See what the numbers say about this price — find out in our valuation breakdown.

    NYSE:BABA PE Ratio as at Nov 2025

    If you see things differently or enjoy forming your own conclusions, you can piece together your Alibaba story using live data in just a few minutes. Do it your way

    A good starting point is our analysis highlighting 5 key rewards investors are optimistic about regarding Alibaba Group Holding.

    Smart investors always keep an eye out for the next opportunity. Don’t limit yourself. Expand your research into breakthrough sectors and hidden gems that could deliver your next big win.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include BABA.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • US retailers try to handle change after penny’s demise

    US retailers try to handle change after penny’s demise

    Unlock the Editor’s Digest for free

    US retailers fear they will be short-changed by the demise of the penny, warning of new costs and potential legal liabilities. 

    Trade groups redoubled a campaign for legislative relief this week as Congress returned to Washington after the extended government shutdown and the last new copper penny was struck by the US Mint. 

    President Donald Trump ordered a halt to penny production earlier this year as a money-saving measure, as each coin cost nearly four times more to make than its face value. 

    The US followed other large economies in phasing out the smallest unit of physical currency as inflation eroded its value. Canada stopped making its penny in 2012, while Australia’s one-cent coin was discontinued in 1992. 

    But the US effort stands out for its speed: the Mint ended large-scale penny production in June and the Federal Reserve has already suspended distribution from a majority of its 165 coin hubs. 

    “When Canada did this, it took them three years,” said Austen Jensen of the Retail Industry Leaders Association, which represents the largest US store chains. “We are just moving at lightning speed, and it’s spreading much quicker than what anybody anticipated in the industry.” 

    The American Bankers Association, an industry lobby group, has written to the Fed requesting they reopen the closed coin terminal locations.

    “In those areas [where coin hubs are closed], retailers that want pennies don’t have a source for them,” said ABA senior vice-president for payments Steve Kenneally.

    Government officials have no plans to withdraw the 300bn pennies already in circulation. But retailers with dozens of stores each “have been out of pennies for quite a few weeks now”, said Dylan Jeon, senior director of government relations at the National Retail Federation. 

    Stores short of pennies have been posting signs to inform customers who pay in cash that their change will be rounded. 

    “If we owe them a penny in change, and can’t give them a penny, we’ll give them a nickel,” said Joel Rampoldt, chief executive of the US division of Lidl, the German grocery chain. But rounding has been “very stressful” for Lidl employees doing it “dozens, hundreds of times in a day”.  

    Rounding in favour of customers comes at a cost to retailers. Inside US convenience stores, where cash is used in about half of 125mn daily purchases, rounding down would lower industry sales by about $1.25mn a day as cash purchases require two pennies in change on average, according to the National Association of Convenience Stores. 

    Rounding up or down depending on the value of a purchase would spread the burden. An earlier analysis by the Federal Reserve Bank of Richmond estimated rounding to the nearest nickel would cost consumers about $6mn a year. 

    One option, according to the ABA’s Kenneally, is to follow the Canadian model where if the final amount ends in a one, two, six or seven cents, the retailer rounds down to the nearest nickel and if it ends in three, four, eight or nine the amount is rounded up.

    Retail groups have been lobbying Congress for legal protection to round purchase values to the closest nickel. They say that at least 10 states and cities require exact change, putting customers paying with cash on equal footing with those using cards or apps. The declining supply of pennies makes that impossible, say the retailers. 

    Some states set minimum prices for certain items including milk and tobacco, said Jeff Lenard, a spokesman at the convenience store association. “If you round down, that would violate minimum pricing,” he said. 

    An equal treatment rule also applies to recipients of federal food subsidies under the $100bn Supplemental Nutrition Assistance Program. Rounding in favour of cash customers would put these beneficiaries at a disadvantage, potentially forcing retailers to break government rules. 

    A lack of pennies could also complicate stores’ and banks’ ability to cash cheques, a common practice for lower-income households who lack bank accounts, the retail groups said. 

    Retail groups are hopeful that a bipartisan bill addressing these concerns will soon move through Congress now that the government shutdown is over. 

    But the uncertainty comes as their members gear up for the holiday shopping season. 

    “The biggest thing is that this is occurring right now during the craziest time of the year, the most important time of year, which is holiday,” said Jensen, senior executive vice-president of public affairs of RILA, whose members include Walmart, Target and TJX. 

    Some retailers are taking matters into their own hands to address the coin deficit. Supermarket chain Giant Eagle earlier this month enticed customers to turn over pennies and receive gift cards worth twice as much in return.

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  • Nobel Sustainability Trust Commends Qatar’s Global Leadership in Sustainability and Innovation

    Nobel Sustainability Trust Commends Qatar’s Global Leadership in Sustainability and Innovation

    MIAMI, Nov. 15, 2025 /PRNewswire/ — Peter Nobel, Chairman of the Nobel Sustainability Trust (NST), and Tracy Wang, Chief Executive Officer of NST, expressed their profound admiration for Qatar’s remarkable achievements and forward-looking vision in sustainability, innovation, and environmental stewardship during their recent visit to Doha.

    The delegation from NST was deeply impressed by Qatar’s unwavering commitment to creating a sustainable future, one that not only safeguards the environment but also inspires a global movement toward responsible growth and a better world for generations to come.

    In a special meeting, H.E. Abdullah bin Hamad Al Attiya, Minister of Municipality and Chairman of Qatari Diar, shared invaluable insights into Qatar’s strategic approach and the nation’s relentless drive to remain ahead of the curve. His Excellency emphasized how Qatar’s leadership continues to challenge conventional thinking, innovate across sectors, and integrate sustainability into every layer of national development.

    The visit also included presentations from other Qatar entities, where NST delegates witnessed first-hand groundbreaking sustainability initiatives. These accomplishments further reinforce Qatar’s position as a beacon of excellence in environmental responsibility and sustainable advancement.

    “What we have seen in Qatar is nothing short of inspirational and transformative,” said Peter Nobel, Chairman of the Nobel Sustainability Trust. “Qatar is not only achieving sustainability milestones but is redefining what it means to lead with vision, purpose, and responsibility. The entire nation—its leadership, institutions, and people, should take immense pride in these achievements.”

    Tracy Wang, CEO of NST, added: “The spirit of collaboration and innovation we have witnessed here reflects a nation determined to build a legacy of progress. Qatar’s example will serve as a global benchmark for sustainable transformation.”

    The Nobel Sustainability Trust reaffirmed its commitment to showcasing Qatar’s accomplishments on the world stage, recognizing the nation as a leading force in sustainable development, innovation, and the pursuit of a better future for all.

    About Nobel Sustainability Trust (NST):
    The Nobel Sustainability Trust, founded by members of the Nobel family, promotes global initiatives and partnerships that advance sustainable innovation, renewable energy, and responsible development. The Trust honors and collaborates with leaders and nations that exemplify excellence in shaping a sustainable world.

    Photo – https://mma.prnewswire.com/media/2823639/Nobel_Sustainability_Trust.jpg

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