World ECR | Treasury expands sanctions on Iran
Home > information > Treasury expands Iran sanctions to include oil industry According to a decision issued on November 18, the U.S. Treasury Department expanded the scope of sanctions against Iranian industries under Executive Order 13902 to include the Iranian oil and petrochemical industry. The measure, which takes effect on October 11, allows the Office of Financial Assets Control (OFAC) to freeze the property and interests of anyone determined to engage in Iran's oil and petrochemical industry, Treasury Secretary Janet Yellen said in the decision. Yellen explained in the statement that the expanded sanctions are a response to the 2020 executive order targeting Iran’s construction, mining, manufacturing and in addition to existing sanctions on the textile industry. . Looking for expert advice on export controls or sanctions issues? Subscribe now to receive it Regular updates on developments in global trade controls and sanctions Expert advice on preparing your business for changing regulations Learn more about trade control policies Recommendations on…
KTM launches 10 Global, expands India product portfolio
In a major expansion of its product line-up in India, KTM has launched 10 global performance motorcycles across four major categories: naked, touring, off-road enduro and motocross. The launch marks KTM's third phase of growth in India through its long-term partnership with Bajaj Auto. With the expanded product range, KTM seeks to bring its 'Ready to Race' ethos to Indian enthusiasts by offering bikes to suit every riding style. KTM’s global range enters Indian market The new product line-up covers a range of market segments: Naked bike: KTM 1390 SUPER DUKE R, priced at Rs. 22.96 Lakhs, and the KTM 890 DUKE R, which is priced at Rs. 14.5 Lakhs and caters to riders interested in high-performance naked bikes. adventure model: KTM 1290 SUPER ADVENTURE S, priced at Rs. 22.74 Lakhs, KTM 890 ADVENTURE R is priced at Rs. 15.80 lakh, targeted at riders looking for off-road prowess. Cross-country enduro: KTM 350 EXC-F is priced at Rs. 12.96 Lakh and…
Case study: CVB partnership expands Lenovo Technology’s reach
Listen to audio The incident involved a village. In partnership with Visit Bellevue, planners of Lenovo Technology World 2024 are demonstrating the transformative power of partnerships. Lenovo Tech World is an annual event for global technology companies, and with an event of this caliber going on, it's a tall order for the organizers. After the 2023 Austin event, planners at Event Strategy Group (ESG) are setting their sights on the Pacific Northwest for the 2024 Smarter AI for All conference. They chose Bellevue, a tech-forward city east of Seattle. ESG President Renee Scullin (left) and Senior Event Manager Allison Swank (right) Through their engaged and supportive relationship with Visit Bellevue and working closely with Destination Sales Manager Marty McCormack, ESG President Renee Scullin and Senior Event Manager Allison Swank made Lenovo Tech World 2024 a great success. Bellevue selected to host Lenovo Technology World 2024 Meet attendee needs Marty McCormack, Destination Sales Manager, Visit Bellevue Bellevue is a major tech…
Raccoon Media expands its reach with new animal health products
Guildford, UK - This move aims toExpand its reach and add value to its attendees and exhibitors, Raccoon Media Group A new animal health department was created. The division will oversee the company's established national equestrian shows and two new acquisitions, Pats (Pet & Water Sports Trade Show) and beta international. Leading the effort is new CEO Nicole Cooper, who has 30 years' experience in the events sector. “We are very excited about the launch of the new Animal Health Division and the opportunities for growth and innovation it will bring at these two incredible expos,” she said. “Our main focus going forward is to expand our reach and create more value for attendees and exhibitors.” Cooper said the current growth strategy will be to expand the size and scope of current affairs events. “We are exploring new features such as more specialized content tracks, hands-on workshops and interactive product demonstrations, all designed to deepen engagement and knowledge sharing. Additionally,…
World ECR | Ministry of Finance “substantially” expands foreign investment
Home > information > Treasury to 'significantly' expand foreign investment reviews near military sites The U.S. Department of the Treasury, as chairman of the Committee on Foreign Investment in the United States (CFIUS), announced a final rule that “will significantly expand oversight of foreign real estate transactions near more than 60 military installations in 30 states,” marking a significant increase in national security review powers. The rule adds military installations to an existing list of foreign property transactions facing scrutiny and expands CFIUS's jurisdiction to about 10 existing locations. Treasury Secretary Janet Yellen announced the changes in a Nov. 1 press release, saying, “The Biden-Harris Administration will continue to leverage our robust investment screening tools to advance America’s national security and protect our military installations from external threats.” The expanded oversight includes the creation of new one-mile screening zones around 40 additional military bases, as well as 100-mile radius reviews around 19 additional installations. The rule also expands CFIUS' jurisdiction…
Da Chan Bay Terminal expands routes to the Middle East
Da Chan Bay Terminal has strengthened its Middle East network, launching a new direct service on November 5 to provide fast and efficient logistics between South China and the Middle East. The new service, jointly operated by ESL, Global Feeder Shipping, KMTC and TS Lines under the service code SMX/AIM3, aims to provide importers and exporters with reliable, cost-effective shipping options. In addition to this new service, existing GLX/GALEX/AIM routes operated by ESL, Global Feeder Shipping and KMTC are also supported, with Ocean Network Express (ONE) also joining the line-up with service code GLX. Together, these enhancements provide faster transit times, wider Middle East coverage, and increased service frequency. Brian Yeung, managing director of Dachan Bay Terminals, expressed his enthusiasm, stating: “We are delighted to be the port of choice for these Middle East services, providing exporters with greater access to emerging markets.” The new route includes five ships, each with a capacity of 3,000 to 4,400 TEUs, calling at…
GES expands its Middle East operations with new Qatar division
GES has launched a new division in Qatar to expand its ability to provide customers with localized in-region support. Organizers in the region will be able to benefit from faster, higher quality and more personalized event and exhibition services, with GES offering a range of services including its event management platform Visit. GES has been operating in the Middle East for some time and has been a trusted partner to the UAE exhibition market for over 15 years. The establishment of the Qatar office is part of continued growth in the region, most recently opening an office in Saudi Arabia in 2021. "We are delighted to be bringing our expertise to Qatar at a time of significant growth for the events industry in the region. With our strong established presence in the UAE and Saudi Arabia, this new location allows us to be even more flexible in responding to the needs of our clients across the region requirements and continue…
Nuweb Group expands white label solutions with ePOS product
British software company Nuweb Group is to expand its product range with the launch of an ePOS aimed at on-site sales. Nuweb Group, known for its white label technology, is taking another step towards expanding its presence in the event management space. The company started out as a ticketing products company and has added features over the years such as a seating map editor, access control and lead capture. Now, as Nuweb Group moves further upmarket, it is adding ePOS to its product suite, a move driven by growing customer demand. “This is a natural step for us,” said Jose San Miguel, managing director of Nuweb Group, explaining that the company’s customer base has shifted toward “large enterprises that are consolidating their entire event operations onto our platform.” The new ePOS system is designed to be an extension of Nuweb's existing products and integrate with the rest of the product suite. “Adding ePOS to our ticketing and access control setup…
Joint meeting of industrial councils expands membership in Asia
BRUSSELS – The Joint Meetings Industry Council (JMIC), the international body representing the collective voice of the global meetings and events industry, is proud to announce the addition of two new members: the China Business Events Industry Council (CBEIC) and the Southern African Council Association of the Meetings Industry (SAACI). These additions further strengthen JMIC's global network and enhance its outreach to the global business events industry. Zeng Yafei, Chairman of CBEIC, shared the idea of joining JMIC: "JMIC is an organization representing the global business exhibition industry. It serves as a platform to solve and promote global industry issues of common concern and exchange best practices to promote our industry and its Professional development. This is also our goal when we established the China Business Exhibition Industry Committee (CBEIC) under the ICC Business Sub-Council.” He continued: "JMIC and CBEIC share common goals and objectives, which is why we join JMIC and contribute our efforts to bring Chinese wisdom to…
StudioH® expands experiential creative footprint
Submitted by Hamilton StudioH’s continued growth underscores its commitment to delivering innovative, creative solutions to Hamilton clients. Indianapolis, Indiana—StudioH®Hamilton’s in-house “experience first” creative experience studio continues to make significant strides in the experiential marketing industry. Since its inception, StudioH has been committed to creating unique and impactful experiences that resonate with audiences and drive client results. StudioH’s work highlights its ability to meet the evolving needs of Hamilton’s diverse client base, delivering innovative solutions that go beyond traditional marketing methods. StudioH’s product portfolio demonstrates its versatility and innovation across a variety of industries. One noteworthy project includes work for Dematic, where StudioH played a key role in designing a comprehensive brand experience to effectively communicate Dematic's technology leadership. The unconventional exhibit structure, deformed LED video content, interactive VR experience, and dynamic design elements left a deep impression on the audience and won numerous awards, demonstrating Dematic's ingenuity as a leading technology solution provider. In another case, Indianapolis Hoosier Charities partnered…
Port of Brunswick expands to lead ro-ro trade
The Georgia Ports Authority (GPA) has approved the construction of an additional 50 acres of paved vehicle storage area at the Colonel Island Terminal in the Port of Brunswick. The expansion will allow the terminal to more efficiently handle growing trade and solidify Brunswick’s position as the leading U.S. port for roll-on/roll-off cargo transportation. GPA President and CEO Griff Lynch highlighted the port’s position as the nation’s leading gateway for ro-ro trade, noting its expansive capacity, strategic location and best-in-class service. This infrastructure investment is in response to growing demand from automakers looking to expand their shipping volumes through Georgia. The new auto storage capacity will be operational by summer 2025, joining the recently added 120 acres of paved storage. Kent Fountain, Chairman of the GPA Board of Directors, said this latest expansion is in addition to the $262 million already invested in automotive storage and warehouses. With more than 200 acres of land available for future development, Brunswick has…
aha Hotels & Lodges expands its portfolio with the opening of the luxurious Skukuza hotel
aha Hotels & Lodges is delighted to announce the management of Skukuza Safari Lodge, a prestigious property located in the heart of the iconic Kruger National Park. The lodge will officially reopen this month, promising visitors an unrivalled safari experience, combining luxury and adventure in one of South Africa’s most precious natural environments.A luxurious paradise in the wildernessSkukuza Safari Lodge has 128 elegantly designed rooms, including 11 family rooms and 8 luxury suites, ensuring comfort and refinement for a safari stay. Guests can relax in the lodge's bar, gymnasium and swimming pool, or dine in the restaurant, which offers both à la carte and buffet menus.For business travellers, the hotel offers the Mondzo meeting room, ideal for intimate gatherings, while the newly refurbished Nombolo Mdhluli Conference Centre can accommodate up to 600 delegates, making it an ideal venue for large corporate events and conferences. The conference centre is equipped with cutting-edge technology to ensure your event is executed flawlessly.A custom…
Volvo adjusts 2030 electric vehicle strategy, expands hybrid models
Volvo to continue selling petrol and hybrid cars after 2030Volvo has revised its strategy for a shift to electric vehicles, abandoning its previous plan to phase out gasoline and hybrid cars by 2030. The automaker now aims for 90% to 100% of its global sales to be made up of electric or plug-in hybrid models by 2020. The shift comes amid slowing growth in the electric vehicle market and shifting consumer demand.Volvo had initially outlined an ambitious goal of becoming an all-electric car company by 2030, but now the company has admitted that some mild-hybrid models may still be available after that point, depending on market conditions. The decision reflects a broader trend in the auto industry, where slower-than-expected adoption of electric vehicles and challenges such as infrastructure constraints are causing manufacturers to adjust their electrification timelines.The impact of Volvo's revised strategy on Australia is uncertain, as the company had planned to be fully electric by 2026. The company has…
Castrol India launches new products, expands car care product range
Castrol India has expanded its car care product line with the launch of two new products: Castrol Microfibre Cloth and Castrol Shine Sponge. These products join the existing range which includes Castrol Chain Cleaner, Chain Lube, 3-in-1 Shine, One-Step Polish and Rust Lubricant Spray. The expanded product range is available across the country through spare parts retailers, accessory stores and major e-commerce platforms, providing consumers with more choices in vehicle maintenance. New products designed for complete vehicle care The new Castrol Microfiber cloth is designed to provide an exceptional clean on both the inside and outside surfaces of your vehicle. Made with advanced microfiber technology, it attracts dirt, dust and liquids without leaving any residue or lint. It is highly absorbent and retains water, reducing the need to change cloths as often. Its quick-drying properties also help prevent bacterial growth, ensuring an odor-free clean. This cloth is versatile and is not only suitable for vehicles, but also for household cleaning…
Caesars Entertainment expands wellness services to Atlantic City
Following the hugely successful launch of wellness services for meeting planners and event organizers at its Las Vegas resorts, Caesars Entertainment Corp. is officially expanding those services to Caesars Atlantic City, Harrah’s Atlantic City and Tropicana Atlantic City. From innovative keynotes, workshops and events to nutritious food and beverage offerings, planners can now incorporate these new wellness offerings into events hosted at the newly updated and renovated Caesars properties nestled along the Atlantic City shoreline. While some people think of big cities when they think of New Jersey, it’s nicknamed the Garden State for a reason—New Jersey is home to more than 9,900 farms covering 750,000 acres. The state leads in many agricultural production categories, with blueberries, cranberries, peaches, spinach, bell peppers and tomatoes ranking in the top five. New Jersey also produces corn, apples, strawberries and potatoes, all of which help the talented chefs at Caesars create menu Food that satisfies the taste buds while refreshing the body. “Innovation…
Hyundai Motor expands its lineup with new Exter models
Hyundai Motor India Ltd (HMIL) has added two new variants to its popular entry-level SUV Hyundai Exter, namely S+ (AMT) and S(O)+ (MT) trims. Both the variants are equipped with advanced features and a smart electric sunroof, making the Exter more attractive to the young, adventurous customers. Built for Adventure: Power and Function The new S+ (AMT) and S(O)+ (MT) models are designed for Gen MZ customers who seek adventure and exploration. Both models are powered by Hyundai's reliable 1.2L Kappa petrol engine, which is renowned for its powerful and efficient driving experience. Key features of these new interiors include: Smart electric sunroof Digital instrument cluster with color TFT Multi-Information Display (MID) 20.32 cm (8 in) touchscreen infotainment system with Android Auto and Apple CarPlay Rear air conditioning vents and all electric windows LED Daytime Running Lights (DRL) Front and rear skid plates Headlight escort function and floor mats Focus on safety Hyundai Motor has made safety a top priority…
Hyundai Motor expands its lineup with new Exter models
Hyundai Motor India Ltd (HMIL) has added two new variants to its popular entry-level SUV Hyundai Exter, namely S+ (AMT) and S(O)+ (MT) trims. Both the variants are equipped with advanced features and a smart electric sunroof, making the Exter more attractive to the young, adventurous customers. Built for Adventure: Power and Function The new S+ (AMT) and S(O)+ (MT) models are designed for Gen MZ customers who seek adventure and exploration. Both models are powered by Hyundai's reliable 1.2L Kappa petrol engine, which is renowned for its powerful and efficient driving experience. Key features of these new interiors include: Smart electric sunroof Digital instrument cluster with color TFT Multi-Information Display (MID) 20.32 cm (8 in) touchscreen infotainment system with Android Auto and Apple CarPlay Rear air conditioning vents and all electric windows LED Daytime Running Lights (DRL) Front and rear skid plates Headlight escort function and floor mats Focus on safety Hyundai Motor has made safety a top priority…
4flow expands SAP professional services into the US
4flow, a global leader in supply chain consulting, software and managed services, has announced the expansion of its SAP partnership into the United States and the appointment of industry veteran Akhilesh Mohan as vice president of supply chain consulting. Mohan, who previously worked at Accenture and has nearly 20 years of SAP implementation and consulting experience, will lead 4flow’s SAP business in Atlanta. The expansion is a strategic move that builds on 4flow's established SAP partnership in Germany and demonstrates the company's commitment to providing top-tier SAP consulting and implementation services to North American clients. “Our goal is to partner with businesses across North America to help them navigate the complexities of today’s supply chain landscape,” said Kai Althoff, CEO of 4flow. “This expansion is a key step in our growth strategy, strengthening our global presence and commitment to delivering innovative solutions that drive customer success.” Mohan and his dedicated SAP team will conduct business in North America, with a…
Ford water pump class action expands in Canada
Ford, Lincoln and Mercury vehicles sold by Ford Canada are allegedly equipped with water pumps that can damage the engines. June 22, 2024 — The Ford water pump class action lawsuit in Canada has been expanded to include more Canadian customers following a ruling by the Ontario Superior Court of Justice. These models are involved in the Ford Canada water pump litigation. 2007-2018 Ford Edge 2011-2019 Ford Explorer 2009-2019 Ford Flex 2010-2012 Ford Fusion Sport 2011-2012 Ford Fusion 2013-2019 Ford Police Interceptor (Taurus) 2013-2019 Ford Police Interceptor (Explorer) 2008-2019 Ford Taurus 2008-2009 Ford Taurus X 2009-2016 Lincoln MKS 2017-2020 Lincoln Continental 2010-2019 Lincoln MKT 2007-2018 Lincoln MKX 2007-2016 Lincoln Zephyr/MKZ 2008-2009 Mercury Sable What has changed is the definition of the consumer class in the water pump lawsuit that was certified as a class action in June 2021. The original class included any Ford customer whose vehicle had a water pump failure on or before June 8, 2021. The water…
McLeod Software expands TMS capabilities with 24.2 update
McLeod Software, a leader in transportation management systems (TMS) for freight forwarders and carriers, has released significant updates to LoadMaster and PowerBroker 24.2. These updates include new partnerships and enhancements to existing integrations, further solidifying McLeod’s leadership in TMS technology. As part of the 24.2 upgrade, McLeod has established two new AI partnerships with Greenscreens.ai and Parade.ai. The integration with Greenscreens.ai provides PowerBroker users with real-time market rate data through the Rate Index, Pricing and Bidding, and Market Rate Export modules, ensuring brokers have instant access to current pricing information. Meanwhile, Parade’s Capacity CoDriver leverages generative AI to streamline carrier load inquiries, improve response efficiency, and optimize the load booking process. “The new AI integrations mark an important step toward a ‘new era’ of TMS for McLeod,” said Tom McLeod, CEO and founder of McLeod Software. “These advancements allow us to provide our users with more precise data, greater efficiency, and greater overall value, expanding the benefits they gain from…
El Car Wash Expands to Central and Southwest Florida
MIAMI--(BUSINESS WIRE)--El Car Wash, known for rapid expansion and as Florida’s premier car wash operator, is proud to announce the acquisition of two new locations: Sweetwater Car Wash Dr. Phillips in Orlando and Suncoast Express Car Wash in Fort Myers.This strategic expansion marks El Car Wash's growing presence in Central Florida, with the acquisition of Sweetwater Dr. Phillips paving the way for additional locations to open in 2024, including Altamonte Springs, Boggy Creek, Davenport, Lake Nona, Merritt Island and Rockledge. In Southwest Florida, the addition of Suncoast Express Wash marks the company's third location in the region, reflecting its continued commitment to growth and excellence. The company is investing heavily in improvements to the Suncoast and Sweetwater locations, ensuring the El Car Wash brand remains synonymous with superior car wash quality and an exceptional customer experience."We are excited to further strengthen our position in key markets while continuing to execute on our M&A strategy of entering adjacent markets by acquiring…
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