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Months after lavishing raises and bonuses, FedEx is pushing an employee buyout program

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Months after lavishing raises and bonuses, FedEx is pushing an employee buyout program· FedEx said on Tuesday that it will offer a buyout program for US employees.
· Earlier this year, FedEx announced $3.2 billion in wage increases, bonuses, domestic investments, and pension funding. 
· But an economic downturn in Europe has led FedEx to slash its profit outlook. 

 

FedEx told investors on Tuesday that it will offer a voluntary buyout program for US employees. 

Those who participate will receive four weeks of pay and healthcare coverage for every year of employment for a maximum of two years.

The Memphis, Tenn.-based company will spend $450 million to $575 million on buyouts, depending on how many participate. That will save FedEx $225 million to $275 million in fiscal 2020, it estimates. 

It's quite a different tune than what FedEx was whistling just a few months ago. 

In April, FedEx bumped compensation by $200 million among its 425,000-plus employees. Two-thirds went to hourly employees and the rest to salaried workers. The delivery company announced those annual raises, which normally take place in October, in January.

FedEx also announced contributions of $1.5 billion to its pension plan and domestic investments of $1.5 billion in January.

The announcement of $3.2 billion of increased spending followed the US tax reform that cut corporate rates. 

*Read more:* USPS is hemorrhaging billions of dollars a year and it might sell the rights to your mailbox to turn a profit

But unexpected economic downturns in Europe and looming troubles in China sank FedEx's profit outlook, even though its domestic business has been flourishing. On Tuesday, FedEx dropped its 2019 earnings guidance to $15.50 to $16.60 per share. Previously, the company forecasted $17.20 to $17.80 a share.

"Global trade has slowed in recent months and leading indicators point to ongoing deceleration in global trade near-term," said Alan Graf, FedEx executive vice president and chief financial officer, on Tuesday.

The buyout program is one of FedEx's planned measures to cost cuts. FedEx will also limit hiring, reduce discretionary spending, and reduce international network capacity.

Are you a FedEx employee with thoughts on the buyout program? Contact the reporter at rpremack@businessinsider.com.

*SEE ALSO: FedEx just slashed its 2019 forecast because of 'global economic uncertainty'*

Join the conversation about this story »

NOW WATCH: Craig Jackson of Barrett-Jackson Auction Company has one of the world's most expensive private garages — take a look inside Reported by Business Insider 4 hours ago.

EnOcean Alliance to exhibit at CES 2019: Self-powered wireless solutions driving forward the digitalization of intelligent buildings

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The organization will be showing smart applications based on the EnOcean wireless standard as well as selected IoT solutions helping to create seamlessly connected and interoperable smart homes and smart buildings

SAN RAMON, Calif. and LAS VEGAS, Dec. 19, 2018 (GLOBE NEWSWIRE) -- *CES is the world's gathering place for all those who thrive on the business of consumer technologies. From January 8-11, the EnOcean Alliance – formed by leading companies worldwide from the building sector – will present innovative wireless Internet of Things (IoT) solutions for automation in sustainable building projects.*Due to strong partnerships with innovative organizations of the IT industry – such as IBM, BSC Computer and Digital Concepts – EnOcean Alliance opens the world of energy harvesting wireless communication to develop interoperable self-powered wireless solutions as an IoT standard.

*Leading wireless building automation standard*

EnOcean wireless networks have been installed in more than 1,000,000 buildings worldwide, making it the most widespread and most field-tested wireless building automation standard in the world. The interoperable ecosystem of more than 400 member companies and over 5000 products provides seamless interfaces to common solutions such as Apple® HomeKit™ from Digital Concepts, IBM Watson IoT and the open source software framework IoTivity (sponsored by the Open Connectivity Foundation, OCF with solutions from BSC Computer).

The international EnOcean wireless standard (ISO/IEC 14543-3-1X) is also an essential element of the “Ready2Services” initiative launched by the French Smart Building Alliance (SBA) in June 2018 to support the development of intelligent buildings for smart cities. The “Ready2Services” concept aims to evaluate the ability of buildings for multiple services, awarding buildings with a certain certification level. Self-powered wireless sensor solutions are a key component of this initiative.

*Perfect fit with energy-saving building automation systems*

“The key advantages of wireless control are the ease of upgrading existing buildings and expanding a system at any time. Wireless control systems can even provide greater installation flexibility if units within the system do not require dedicated cabling or batteries for power. Energy harvesting wireless sensors, switches and controls therefore perfectly fit in with the sustainable characteristics of energy-saving building automation systems. This makes EnOcean the most important wireless standard for maintenance-free applications for building automation and the IoT,” says Graham Martin, CEO and Chairman of the EnOcean Alliance.

*The EnOcean standard in practice*

Visitors to CES can learn more about the EnOcean Alliance’s maintenance free wireless standard for smart buildings as well as examples of self-powered IoT solutions at its partner booth (Sands #40955). At this booth, the partners Smart Building Alliance, Ubiant, Decelect and Avidsen will be demonstrating their IoT solutions currently being installed in thousands of new housing in France (e.g. by the French construction company Bouygues) and being offered in DIY stores across Europe by Leroy Merlin, member of the Mulliez Group. Part of this solution includes the advanced installation tool „quickmove“ enabling easy commissioning and management of EnOcean based networks.

At this booth the EnOcean Alliance will be showing a self-powered smart home solution certified to work with Apple HomeKit™. This includes the IoT Gateway from EnOcean Alliance promoter Digital Concepts communicating with multiple batteryless wireless sensors and switches which are part of smart phone or tablet based Apple HomeKit™ smart home solutions. EnOcean Alliance Promoter BSC Computer will be demonstrating their smart building IoT Gateway with IoTivity connectivity from the Open Connectivity Foundation (OCF).

Additional members of the EnOcean Alliance exhibiting at CES 2019 include: NodOn (Sands #40444), Zipato (Sands #41452), Engie (Sands #51902), Somfy (Sands #41531), EnOcean (Sands #40464), Rohm (Venetian Titian #2205) and IBM (LVCC Central Hall #14028).

*About EnOcean Alliance*

Leading companies worldwide from the building sector formed the EnOcean Alliance to establish innovative maintenance-free wireless solutions for the Internet of Things, which are used for automation solutions for sustainable building projects – making buildings more energy-efficient, more flexible and more cost effective. The core technology of the Alliance is energy harvesting wireless technology for flexibly positioned and service-free sensor solutions. The EnOcean Alliance aims to internationalize the energy harvesting wireless technology, and is dedicated to creating interoperability between the products of OEM partners. Basis for this is the international standard ISO/IEC 14543-3-1X, which is optimized for wireless solutions with ultra-low power consumption and energy harvesting. More than 400 companies currently belong to the EnOcean Alliance. The headquarters of the non-profit organization is located in San Ramon, California.

www.enocean-alliance.org

*Press Contact
*Evelyn Gilde-Back
EnOcean Alliance
M +49 (0)176 636 13 964
press@enocean-alliance.org

*US Press Contact*
Valerie Harding
Ripple Effect Communications
valerie@rippleeffectpr.com
Tel: 617-536-8887 Reported by GlobeNewswire 3 hours ago.

AdvantEdge Healthcare Solutions Inc. again achieves SOC data security standards; also completes HIPAA compliance for secure health data

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WARREN, N.J., Dec. 19, 2018 (GLOBE NEWSWIRE) -- AdvantEdge Healthcare Solutions Inc., a top national medical billing company that both develops and uses medical billing technology, has met the rigorous data security standards necessary to achieve System and Organization Controls (SOC) 1 Type 2, SOC 2 Type 2 and HIPAA compliance.The demanding examinations were administered via the third-party staff at 360 Advanced, a respected national Qualified Security Assessor, HITRUST CSF Assessor and Certified Public Accounting Firm based in St. Petersburg, FL.

The System and Organizational Controls standards, developed by the American Institute of Certified Public Accountants (AICPA), provide service organizations a uniform method for disclosing independently assessed information about the design and operation of internal controls as they relate to one or more of the AICPA’s Trust Services Principles of Security, Availability, Processing Integrity, Confidentiality or Privacy. 

HIPAA, the federal Health Insurance Portability and Accountability Act, is designed to provide privacy standards to protect patients' medical records and other health information provided to health plans, doctors, hospitals and other health care providers.

“For seven consecutive years, AdvantEdge has successfully completed SOC 1 and SOC 2 audits and HIPAA security assessments confirming our operational effectiveness, security and confidentiality. We are committed to a culture of compliance in all phases of company operations,” said Senior Vice President and Chief Compliance Officer Jeanne A. Gilreath.

*ABOUT ADVANTEDGE Healthcare Solutions*

AdvantEdge is recognized as one of the top 10 billing, coding, and practice management companies in the U.S., with more than 800 employees, collecting over $1 billion annually for physicians, hospitals, ambulatory surgery centers, behavioral health agencies and large office-based medical groups.  AdvantEdge has added value to physician practices and healthcare organizations through its billing, coding, practice management, and business analytics solutions for over 50 years.  AdvantEdge’s clients enjoy improved financial results through its tailored services, robust technology, and actionable business intelligence and reporting tools. AdvantEdge’s promise: More money faster, Client-First Service, Compliance, Privacy & Security and anytime anywhere access to data and information. AdvantEdge’s investors include Founders Equity. For more information about AdvantEdge, contact Michael Krivich at mkrivich@ahsrcm.com

*ABOUT 360 ADVANCED*

A trusted Cybersecurity Compliance CPA firm with proficiencies in SOC reporting, 360 Advanced assists large service providers with IT assurance and compliance in more than 40 states, Europe, South and Central America and the Pacific Rim. Services include HITRUST CSF, GDPR, SOC 1, SOC 2, SOC for Cybersecurity, PCI DSS, HIPAA Security/HITECH, Microsoft Vendor Policy and more. For an initial consultation, please contact Eric Ratcliffe at eratcliffe@360advanced.com.

News release services provided by Clearview Communications and PR, Inc.

Contact:           Eric Ratcliffe
                        eratcliffe@360Advanced.com Reported by GlobeNewswire 3 hours ago.

Guide Dogs Respond Better Than Some Humans to Autonomous Robots

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Guide Dogs Respond Better Than Some Humans to Autonomous Robots Canine-to-Five Dogs might not just be humans’ best friends — it turns out they’re cool with robots, too. More than 12 million people across the U.S. and Europe have already encountered one of Starship Technologies’ self-driving delivery robots. Just six months ago, the San Francisco-based startup announced an additional $25 million in funding, meaning it could […]

The post Guide Dogs Respond Better Than Some Humans to Autonomous Robots appeared first on Futurism. Reported by Futurism 3 hours ago.

In Jewish London, Brexit jitters cause housing slump

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Worries about split from Europe compounded by growing prospect of Corbyn-led government if Tories fall Reported by Haaretz 3 hours ago.

Fury among Europe's far right as Toblerone is granted halal status

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Fury among Europe's far right as Toblerone is granted halal status Swiss tabloid Blick ran a story on Sunday announcing Toblerone's halal certification, which it was granted in April. A far right German politician wrote that it shows the 'Islamization' of Europe. Reported by MailOnline 3 hours ago.

Review: In 'Cold War,' a love exiled by communism

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It took "Aquaman" two and a half hours just to put a fancy trident in its hero's hands. Pawel Pawlikowski's latest, "Cold War," follows a doomed romance over 15 years and across much of mid-century Europe in a mere 88 minutes. And... Reported by New Zealand Herald 2 hours ago.

Greenberg Traurig Assumes High Profile at ALB In-House Legal Summit in China

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Joel H. Rothstein, chair of global law firm Greenberg Traurig’s Asia Real Estate Practice, and Dawn Zhang, co-managing shareholder of the firm’s Shanghai office, recently participated in the Asia Legal Business 15th Annual In-House Legal Summit 2018, held on Nov. 22, in Beijing.

BEIJING (PRWEB) December 19, 2018

Joel H. Rothstein, chair of global law firm Greenberg Traurig’s Asia Real Estate Practice, and Dawn Zhang, co-managing shareholder of the firm’s Shanghai Office, recently participated in the Asia Legal Business 15th Annual In-House Legal Summit 2018, held on Nov. 22, in Beijing. The summit attracted over 300 in-house legal counsel from leading Chinese state-owned enterprises, publicly listed companies, private companies, as well as from global multinational companies to discuss recent regulatory changes, hot pressing legal issues and best practice solutions in Hong Kong and the region.

Rothstein and Zhang held meetings with in-house counsel across a broad spectrum of industries from real estate, technology, manufacturing, and media companies. In addition, Rothstein conducted a comprehensive workshop entitled “Real Estate: A Guide for In House Legal Counsel; What You Need to Know.” The workshop focused on the real estate issues in house counsel encounter. He covered topics ranging from strategies in leasing, constructing and managing corporate real estate facilities, to real estate due diligence in mergers and acquisition transactions, to legal issues and concerns raised by new types of real estate facilities such as co-working office space, data centers, and logistics facilities.

Rothstein is an international real estate and structured finance lawyer with more than 20 years’ experience in Asia, who advises investment banks, financial institutions, private equity funds, sovereign wealth funds, real estate developers, and investors across all major Asia markets with a particular focus on Greater China, Japan, and South Korea. He also leads the firm’s practice in advising Asia-based outbound cross-border investors in structuring, implementing, and managing equity and debt investments into the United States, Europe, Latin America, and the Middle East.

Zhang has broad experience advising clients on China-related cross-border mergers and acquisitions, restructuring, joint ventures, funds, and general corporate matters. Before joining Greenberg Traurig, she practiced in other international law firms for many years and served as the PRC legal counsel for a multinational corporation, where she handled a wide variety of corporate matters for public and emerging growth companies.

About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and is among the Top 20 on the 2018 Am Law Global 100. Web: http://www.gtlaw.com Twitter: @GT_Law. Reported by PRWeb 2 hours ago.

70+ Greenberg Traurig Attorneys Recognized on the IFLR1000 Financial and Corporate 2019 Rankings

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More than 70 attorneys at global law firm Greenberg Traurig, LLP have been included in International Finance Law Review’s IFLR1000 Financial and Corporate 2019 rankings.

NEW YORK (PRWEB) December 19, 2018

More than 70 attorneys at global law firm Greenberg Traurig, LLP have been included in International Finance Law Review’s IFLR1000 Financial and Corporate 2019 rankings. Represented are nine key areas of legal practice across 10 countries.

According to its website, “IFLR1000 is the guide to the world’s leading financial and corporate law firms and lawyers.” The guide’s firm rankings are based on three key criteria, transactional evidence, peer feedback, and client feedback. In addition to firm rankings, the guide also recognizes outstanding individuals in the categories of expert consultant, market leader, highly regarded, and rising star. The guide also recognizes as “notable practitioners” lawyers who have advised on one or more deals featured in IFLR1000 Deal Data.

The guide recognized Greenberg Traurig by practice area in the following jurisdictions:

Israel:
M&A

Japan:
Capital Markets: Equity – Foreign

Mexico:
Banking
Capital Markets
M&A
Project Development
Project Finance

Netherlands:
M&A

Poland:
Banking
Capital Markets: Debt
Capital Markets: Equity
M&A
Project Development: Power
Project Finance

United Kingdom:
Bank lending: Borrower side
Capital Markets: Equity
M&A
Real Estate Funds

United States:
Banking
Capital Markets: Debt
Capital Markets: Equity
M&A (Southern California; Florida; Georgia; Illinois; Nevada)

The Greenberg Traurig lawyers listed below were recognized in the 2019 IFLR1000 guide. They are listed by jurisdiction and based on the publication’s rating and/or practice area designations as selected by researchers:

Germany:· Henrik Armah | Notable Practitioner | M&A
· Kati Beckmann | Notable Practitioner | Banking and Finance; M&A
· Franca Biallas | Notable Practitioner | M&A
· Eleonore H. Chowdry | Notable Practitioner | Private Equity
· Claudia Hard | Notable Practitioner | Banking
· Josef Hofschroer | Notable Practitioner | M&A
· Nicolai Lagoni | Notable Practitioner | M&A
· Philipp Osteroth | Notable Practitioner | Private Equity; M&A
· Julian Rindler | Notable Practitioner | Financial and Corporate; Real Estate Finance
· Christian Schede | Notable Practitioner | Private Equity; M&A
· Peter Schorling | Notable Practitioner | M&A
· David Schwintowski | Notable Practitioner | Private Equity; M&A
· Johannes Sobanski | Notable Practitioner | Private Equity; M&A

Israel:· Robert L. Grossman | Notable Practitioner | M&A
· Lawrence Sternthal | Notable Practitioner | Real Estate Acquisitions

Japan:· Koji Ishikawa | Notable Practitioner | Capital Markets: Debt; Capital Markets: Equity; M&A

Mexico:· Juan Manuel González Bernal | Highly Regarded | Capital Markets; Banking; Project Finance
· Miguel Moisés | Highly Regarded | Banking; M&A
· José Raz Guzmán | Highly Regarded | Capital Markets: Structured Finance and Securitisation; Private Equity; M&A

Netherlands:· Eva Herdé | Notable Practitioner | M&A
· Martijn Hermus | Highly Regarded | M&A
· Thédoor Melchers | Highly Regarded | Financial Restructuring; Private Equity; M&A

Poland:· Rafał Baranowski | Highly Regard | Private Equity; M&A
· Radomił Charzyński | Notable Practitioner | Real Estate Finance; Real Estate Acquisitions
· Lejb Fogelman | Market Leader | Private Equity; M&A
· Jarosław Grzesiak | Market Leader | Restructuring and Insolvency; Energy and Infrastructure; Banking; Project Finance; Capital Markets: Debt; Capital Markets: Equity; Capital Markets: Derivatives; M&A
· Aleksander Janiszewski | Highly Regarded | Banking; Capital Markets: Debt
· Agata Jurek-Zbrojska | Notable Practitioner | Real Estate Finance; Real Estate Acquisitions
· Daniel Kaczorowski | Notable Practitioner | Capital Markets: Debt; Capital Markets: Equity; M&A
· Ireneusz Matusielański | Highly Regarded | Capital Markets: Debt; M&A
· Jolanta Nowakowska-Zimoch | Notable Practitioner | Real Estate Finance; Real Estate Acquisitions
· Łukasz Pawlak | Highly Regarded | Banking; Capital Markets: Debt; M&A
· Paweł Piotrowski | Highly Regarded | Capital Markets: Equity; Private Equity; M&A
· Rafał Sieński | Highly Regarded | Banking; Capital Markets: Debt
· Agnieszka Stankiewicz | Rising Star | Banking; Real Estate Finance
· Andrzej Wysokiński | Highly Regarded | Restructuring and Insolvency; Banking; Project Finance; M&A
· Magdalena Źyczkowska-Jóźwiak | Notable Practitioner | Real Estate Acquisitions

South Korea:· Chang Joo Kim | Notable Practitioner | Banking and Finance; M&A
· Iksoo Kim | Notable Practitioner | Capital Markets; M&A

United Kingdom:· Fiona Adams | Highly Regarded | M&A
· Gary Bellingham | Notable Practitioner | Banking
· Andrew Caunt | Highly Regarded | Capital Markets: Equity
· Steven Cowins | Rising Star | Investment Funds; M&A
· Michael P. Goldberg | Notable Practitioner | M&A
· Steven J. Horvath III | Highly Regarded | M&A
· Christopher Ives | Notable Practitioner | M&A
· Paul Maher | Highly Regarded | M&A
· Emma L. Menzies | Highly Regarded | Banking
· James Mountain | Highly Regarded | Capital Markets: Equity
· Henrietta Walker | Notable Practitioner | M&A

United States:· Ejim Peter Achi | Rising Star – State (New York) | M&A
· Lee A. Albanese | Notable Practitioner (New Jersey) | Capital Markets: Debt; Capital Markets; Equity
· Drew M. Altman | Rising Star – State (Florida) | Capital Markets
· Alan I. Annex | Highly Regarded – State (New York) | Capital Markets: Debt; Capital Markets: Equity; M&A
· Donn A. Beloff | Notable Practitioner (Florida) | Capital Markets: Equity; Private Equity; M&A
· Timothy W. Bratcher | Highly Regarded – State (Georgia) | Banking
· Lorne S. Cantor | Highly Regard – State (Florida) | M&A
· Jaret L. Davis | Highly Regarded – State (Florida) | M&A
· Cindy J.K. Davis | Highly Regarded – State (Georgia) | Banking
· Wayne H. Elowe | Highly Regarded – State (Georgia) | M&A
· Gregory A. Fishman | Notable Practitioner (California) | Real Estate Acquisitions
· Alison M. Gathright | Notable Practitioner (California) | Private Equity; M&A
· Kenneth A. Gerasimovich | Notable Practitioner (New York) | Energy; Healthcare; Media; Pharmaceuticals and Life Sciences; Technology and Telecommunications; Real Estate; Construction and Materials
· J. Gregory Milmoe | Highly Regarded | Restructuring and Insolvency
· Robert L. Grossman | Notable Practitioner (Florida) | M&A
· Stephen J. Horvath III | Highly Regarded | M&A
· Richard C. Kim | Rising Star – State (New York) | Banking
· Charles J. Kolin | Notable Practitioner | Banking; Project Finance
· David J. LaSota | Notable Practitioner | Project Development; Banking; Project Finance
· Gavin M. Loughlin | Notable Practitioner | Banking; M&A
· Kara L. MacCullough | Notable Practitioner | Capital Markets: Debt; Capital Markets: Equity; M&A
· Steve Mastbaum | Notable Practitioner | M&A
· Scott Meza | Highly-Regarded – State (Virginia) | M&A
· Brett E. Moskowitz | Rising Star – State (Georgia) | Banking
· Flora R. Perez | Rising Star – State (Florida) | Capital Markets: Debt; Capital Markets: Equity
· Brian L. Petrequin | Notable Practitioner | Banking and Finance; M&A
· Michael D. Robson | Notable Practitioner | Banking; M&A
· Joshua M. Samek | Notable Practitioner | Private Equity; M&A
· Lorraine M. Tyson | Notable Practitioner | Banking; Capital Markets: Debt

About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and is among the Top 20 on the 2018 Am Law Global 100. Web: http://www.gtlaw.com Twitter: @GT_Law. Reported by PRWeb 50 minutes ago.

FreakOut Acquires Playwire to Launch in the United States, Enters the World's Largest Programmatic Market

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SINGAPORE and NEW YORK, Dec. 20, 2018 /PRNewswire/ -- FreakOut, the global marketing technology company, part of FreakOut Holdings (TSE: 6094), has announced its acquisition of Playwire, a global technology company headquartered in Florida that specializes in maximizing advertising monetization for publishers.

Through this new alliance, FreakOut is set to deliver innovative and cutting-edge technology solutions, such as proprietary Complete Monetization Platform and Revenue Intelligence. The move will give FreakOut's clients bespoke access to a large inventory that is comprised of 450 publishers, serving six billion video and display ads each month in the USA.

According to eMarketer, more than $46 billion will go to programmatic advertising in the US this year and by 2020, 86.2% of all digital display ads will be bought via automated channels. In light of this trend, FreakOut decided to strategically partner with Playwire to further strengthen its offering of pioneering programmatic advertising technology and provide even more expanded access and outreach to its client base.

As a result of a truly "win-win" deal, FreakOut unlocks access to English-speaking markets throughout the globe, while Playwire benefits from FreakOut's premium APAC media partners. Additionally, this partnership aligns complementary technology from each company together, forging a unique digital advertising supply chain that guarantees optimal advertising revenue for web publishers. 

Yuzuru Honda, CEO and President - FreakOut Holdings, Inc., commented:

"We are excited to have Playwire as part of our group, and we are committed to boosting global growth. With the full resources of both FreakOut and Playwire, we will build our presence in a global market together."

FreakOut and Playwire share a vision of letting web publishers do what they do best - create great content - by freeing publishers from the ever-increasing technical complexities of implementing digital advertising. Through the intelligent use of technology, the companies promote brand safety, protect against fraud, and locate ads that deliver the best experience for the advertiser, publisher, and viewer.

Narayan Murthy Ivaturi, Chief Operating Officer - FreakOut Adtech Business, commented:

"This year our emphasis was to enhance our programmatic offering and work with most of the named publisher groups in APAC and other expansion markets like UAE, Russia and Australia. The next step of this strategy is to take our presence into the biggest programmatic market in the world, and who else can be a better partner than Playwire. We are really excited to welcome Jayson and team into the FreakOut family as they add a lot of value to our mission with their technology capability and years of experience in Adtech."

Jayson Dubin, CEO - Playwire, added:

"I'm thrilled that this acquisition allows Playwire to share its innovative technology and reach a larger audience. By joining forces with our Asian counterpart FreakOut, we have become one of the largest global media and technology companies in the world for digital advertising. We look forward to working together with the FreakOut team to create strategic synergies by mutually leveraging our group assets across North America, Europe, and Asia."

*About FreakOut*

FreakOut is a global marketing technology company with programmatic solutions (DSP, SSP) delivering in-feed display and in-feed video formats across 3,000 publishers. With its global headquarters in Singapore, FreakOut consists of more than 600 employees in 18 offices across 16 countries, spreading throughout Asia Pacific, Middle East and Europe. Each office is committed to servicing the digital marketing needs of both advertisers and publishers, based on our unique and edgy value "Dance First. Play Different". FreakOut is part of FreakOut Holdings Inc, which is listed on the Tokyo Stock Exchange (TSE: 6094) and oversees the media investment management sector for FreakOut.

Visit us at http://foutap.com/  and follow us on https://www.facebook.com/FreakOutGlobal/ , https://www.linkedin.com/company/FreakOutglobal/  and https://twitter.com/FreakOutGlobal  .

*About Playwire*

Playwire is a global technology and services company that helps publishers maximize revenue from their user base and run their businesses more efficiently. With its Complete Monetization Platform, the company is able to provide an all-inclusive solution to manage every aspect of the ad ecosystem for digital publishers through machine learning technology, dubbed Revenue Intelligence. Playwire's portfolio includes managing over 450 websites, serving six billion video and display ads, and streaming one billion minutes of video each month. The exclusive nature of the company's relationship with its partners allows Playwire to provide all of its digital advertising services through one channel. Playwire is headquartered in Deerfield Beach, Florida and has business operations and satellite offices around the globe. For more information, please visit http://www.playwire.com and on Twitter @playwire.

Related Links :

foutap.com Reported by PR Newswire Asia 39 minutes ago.

New study reveals 'startling' risk of stroke

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Globally, one in four people over age 25 is at risk for stroke during their lifetime, according to a new scientific study. Researchers found a nearly five-fold difference in lifetime stroke risk worldwide, with the highest risk in East Asia and Central and Eastern Europe, and lowest in sub-Saharan Africa. The lifetime stroke risk for 25-year-olds in 2016 ranged from 8 percent to 39 percent, depending on where they live; people in China have the highest risk. Reported by Science Daily 6 minutes ago.

Russia Reportedly Eyes Air Base Off Venezuela’s Coast

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As Washington is determined to leave the landmark INF Treaty, it seems Moscow is looking for a response. Russian media has cited diplomatic sources as saying that Moscow is eyeing a strategic air base off Venezuela’s coast.

The arrival of two Russian Tu-160 strategic bombers to Venezuela earlier this month has provoked a nervous reaction from Washington and led to a brief heated exchange between the US and Russian officials. This might have been a prelude to a more ambitious endeavor, Russia’s Nezavisimaya Gazeta (NG) daily revealed, citing military and diplomatic sources.

Sources told the paper that Moscow seeks to create a semi-permanent base for the Russian long-range aviation on one of Venezuela’s islands in the Caribbean Sea as it prepares for “long-time military presence” the US ‘backyard’.

The base was allegedly planned to be established on the Orchila Island located in the Caribbean Sea some 160 kilometers away from the Venezuelan capital of Caracas. The isle hosts a Venezuelan airfield and a Navy base and was already visited by the Russian military ten years ago. The late Venezuelan leader Hugo Chavez even offered Russia to set up an air base there back in 2008, the NG reported, adding that Moscow hesitated to make such a decision at that time.

Ten years on relations between Russia and the US are at their arguably lowest point since the Cold War. Washington is seeking to withdraw from key arms control agreements, including the Intermediate-Range Nuclear Forces Treaty (INF), which bans all short and mid-range ballistic missiles. The US plans provoked a strong reaction from Moscow, saying it would ‘take measures’ if any new American missiles threatening its security are placed in Europe.

*Path to stability or crisis?*

An air base in Venezuela capable of hosting the Russian strategic nuclear-capable long-range bombers might well be one of such retaliation measures, experts believe. “It cannot be ruled out that if all the agreements [under the INF Treaty] are disrupted we will have to take both symmetric and asymmetric steps to ensure stability,” Andrey Koshkin, the head of the chair of sociology and political sciences at the Russian Plekhanov University of Economics, told RT, adding that such a base would be a good option in this regard.

Leaving the INF Treaty would potentially allow the US to deploy nuclear missiles to Europe, posing a threat to Russia, the experts warned, suggesting that getting into the US “backyard” might be the only viable response for Russia. However, with each side raising the stakes, the situation might get dangerously close to something close to a military standoff between the two great powers.

“This might become a prelude to something similar to a Caribbean Crisis,” Konstantin Sivkov, a retired Navy officer and a military analyst, told RT.

Still, the situation is anything but certain yet. Russian officials have not commented on the issue and Caracas openly denied reports about a potential ‘Russian base’ on the Venezuelan soil.

Venezuelan officials, however, indicated they were more than willing to consider such an option. “I wish it were true but it is not,” the president of Venezuela’s Constituent National Assembly, Diosdado Cabello, told journalists, when asked about the base.Caracas also clearly indicated its intention to “extend” military cooperation with Russia and “make it more effective.”

“We want to go beyond usual military technical cooperation,” Venezuela’s Defense Minister Vladimir Lopez told his Russian counterpart Sergey Shoigu as early as in April, adding that the two countries should “develop cooperation at an operational level.”

A major obstacle is that the Venezuelan laws do not allow permanent foreign presence on the country’s soil but Moscow and Caracas seemingly found a way to overcome it. The Russian bombers are reportedly expected to be deployed to the island on a rotational basis instead of being permanently stationed here, according to NG source.

Shoigu has so far only confirmed that the Russian military aircraft will continue to fly to Venezuela while the Russian Navy vessels might also use its ports.

However, located far away from the Russian territory, Moscow would likely need a full-scale military facility, Sivkov said, adding that a small installation would not be enough to support Russia’s operations in the area. “It might be initially reduced to a limited presence at a level of a flying squadron or an air regiment,” he said, adding that the Russia would then likely increase its presence by building fuel and munitions depots as well as deploying air defense systems to the area and making the Venezuelan installation potentially similar to Russia’s Syrian Khmeimim base.

The arrival of just two Russian Tu-160 strategic bombers for drills in Venezuela has already jangled nerves in Washington and provoked a wave of hysteria in the Western media. Some even closely examined the potential base location using satellite photos and called it “an unprecedented standing strategic threat to the mainland United States within the Western Hemisphere.” Reported by Eurasia Review 30 minutes ago.

Airbus shares fall after report of U.S. joining corruption probe

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Shares in Europe's Airbus fell on Thursday after Le Monde newspaper reported the United States had opened an investigation into allegations of corruption, raising the stakes of probes already under way in Britain and France. Reported by Reuters 13 hours ago.

Council hosts asylum seekers employment visit

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Thursday 20 December, 2018The UK currently has one of the most restrictive policies in Europe in relation to the opportunity for those seeking political asylum to gain work. Not only is this debilitating for the individuals concerned, but it also increases the burden on hard pressed public services.

Thanks to a small grant from the Quartet Community Foundation, ACH / Himilo is working with Bristol Refugee Rights to give asylum seekers experience of businesses in the UK through short visits to employers across the city. Even though asylum seekers aren’t currently able to work, the idea behind the project is that experience of UK workplaces will positively impact their integration.

The first employer visit took place this week with a visit to Bristol City Council.

Cllr. Ruth Pickersgill, Easton Ward, said: “So many asylum seekers in my ward and in other parts of Bristol have qualifications, skills and experience that we desperately need in our City, and yet they are unable to put them to use. I really welcome this scheme which will help them to be ‘work ready’ as soon as their refugee status is agreed, and enable them to support themselves and their families, contribute to the local economy and enrich our local workforce.”

Marvin Rees, Mayor of Bristol, said: “Bristol is proud to be a City of Sanctuary, recognising the contribution that asylum seekers and refugees make to the city and seeking to include them as fully as possible in all aspects of social and economic life.

“We are missing out on a huge asset because asylum seekers are unable to work whilst their applications for refugee status are processed and we want to do all we can to support people in this situation. By working with ACH to offer employment taster sessions we will hope to ensure asylum seekers in the city feel confident and ready to find work if the restrictions are lifted soon.”

One of the attendees for the visit was Souvik, from India, who has been here on a protection claim for the past four and a half years, but not permitted to work. He said: “Please think about the many skilled workers being wasted. There are plenty of educated people who could be possible future leaders.”

David Jepson, ACH / Himilo Director and Policy Advisor, said: "We do need a change in the law to reform this absurd system, but rather than just wait for this we have introduced this pilot scheme so that those concerned can have a better understanding of the range of work available and the pathways to it. We are also hopeful that the recent campaign by the #LiftTheBan coalition, of which ACH / Himilo are a member, will result in some of the restrictions on asylum seekers working being lifted in the near future."

* For more information regarding media usage, ownership and rights please contact ACH.

Distributed by http://www.pressat.co.uk/ Reported by Pressat 12 hours ago.

Cryptocurrency Daily News Bulletin: December 20, 2018

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Cryptocurrency Daily News Bulletin: December 20, 2018 General News Australian Securities Exchange’s (ASX) has confirmed plans have not changed on their shift towards a DLT settlement system set for 2020, despite the departure of Digital Asset Holdings CEO Blythe Masters; their blockchain partner. Blockimmo, the world’s first regulated blockchain real estate crowdsale platform, received approval from FINMA, the Swiss financial regulatory body, and is now fully regulated in two jurisdictions: Switzerland and Lichtenstein. They intend to expand to other parts of Europe as properties are successfully listed and the platform grows. Coinbase have just moved $5 billion worth of retail traders’ crypto assets into its upgraded storage model, as they... Reported by WorldNews 3 hours ago.

Last Royal Mail posting dates for for Christmas 2018

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Last Royal Mail posting dates for for Christmas 2018 Australia, USA, Europe and the UK post needs to be sent by these days Reported by Hull Daily Mail 10 hours ago.

Interpol warns of ISIS 2.0 launching wave of attacks in Europe

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Interpol warns of ISIS 2.0 launching wave of attacks in Europe Jürgen Stock said ISIS 2.0 could plague the continent when an 'early generation' of supporters is released from serving short prison sentences. He said they will stay in Europe and launch attacks. Reported by MailOnline 8 hours ago.

Accel-KKR Sells One.com To Private Equity Group Cinven

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Accel-KKR Sells One.com To Private Equity Group Cinven Private equity group Accel-KKR is selling One.com to Cinven, another private equity group, Domain Name Wire reported. The sale price is unknown, the report said, but what is know is One.com has more than 1 million customers, 270 employees and revenues estimated at about €60 million. Cinven already has a stake in the European hosting market, Domain Name Wire reported. In 2013, it acquired Host Europe Group, then remade it, before selling it to GoDaddy for $1.8 billion. One.com, the report said, is an ICANN-accredited registrar. It has almost 25,000 .com domains under management.... Reported by WorldNews 3 hours ago.

Moderates emerge from populist shadows to shape Italian budget deal

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When Prime Minister Giuseppe Conte rose to his feet in parliament on Wednesday to announce his budget accord with Europe, the normally ever-present heads of his government's two coalition parties were nowhere to be seen. Reported by Reuters 8 hours ago.

'It's a fantastic chance' - Champions League hero Solskjaer relishing PSG tie

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The new interim manager at Old Trafford believes his side have a real opportunity to go far in Europe despite drawing the Ligue 1 champions Reported by Goal.com 4 hours ago.
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