Yili tops Brand Finance list of world’s most valuable dairy brands

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Looking beyond the food & drink sector, however, the value of the 500 most valuable brands in the world, ranked in the Brand Finance Global 500 2020 league table, could fall by an estimated $1tn as a result of the coronavirus outbreak.

Brand Finance assessed the impact of COVID-19 based on the effect of the outbreak on enterprise value, compared to what it was on January 1, 2020. The likely impact on brand value was estimated for each sector. The industries have been classified into three categories – limited impact (minimal brand value loss or potential brand value growth), moderate impact (up to 10% brand value loss), and heavy impact (up to 20% brand value loss) – based on the level of brand value loss observed for each sector in the first quarter of 2020.

Yili grows 13%

Recording a brand value growth of 13% to $8.6bn, Yili has now

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Seven of World’s 10 Most Valuable Securities Firms Are Chinese

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(Bloomberg) — Bets on a merger of China’s two biggest brokerages have helped fueled a sector wide rally that has left the Communist Party-ruled nation with seven of world’s ten biggest securities firms in terms of market value.

Shares of Beijing-based CSC Financial Co. have surged 86% this year, nudging above for the first time its potential suitor, Citic Securities Co., to become China’s largest securities firm by market value this week. Citic has climbed 23%, beating the 9% gain of the Shanghai benchmark.

Planning for a merger between the two has been going on since at least April, with feasibility studies conducted by their largest shareholders on how to structure a deal, Bloomberg reported earlier. The combination would now create a company valued at more than $100 billion, surpassing even Morgan Stanley and Goldman Sachs Group Inc., according to data compiled by Bloomberg.

In a filing to the Shanghai

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UK is world’s fifth largest exporter of tech services

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The number of tech exports from the UK have surged in the past year, making it one of the world’s largest exporter of technology services. 

Last year UK exports of technology services grew to £23.3bn, sitting behind just India, the US, China and Germany in the global rankings.

Tech Nation’s ‘Unlocking Global Tech’ report published today reveals the UK’s digital tech services currently export a greater amount of goods than they import, generating a significant trade surplus of 55 per cent in 2019. This compares to the average global trade surplus of 48 per cent. 

This is in part driven by the relatively high number – 7,497 – of high growth exporting tech companies. 

The surplus has increased 68 per cent over the past four years, from £8.7bn in 2015 to £12.8bn in 2019, just behind the insurance sector (£16.9bn) and financial services (£43.4bn). 

And

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LEVERJ Partners with Brave New Coin to Launch World’s First Scalable Decentralized Derivatives Exchange

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The MarketWatch News Department was not involved in the creation of this content.

Auckland, New Zealand / Victoria, Seychelles, Sep 02, 2020 (GLOBE NEWSWIRE via COMTEX) —
(viaBlockchain Wire) Digital asset data infrastructure company Brave New Coin (https://bravenewcoin.com/) today announced a partnership with LEVERJ to roll out a full pipeline of innovative exchange traded products for Leverj.io, the world’s first scalable decentralized derivatives exchange. Launched by Wall Street veterans from J.P. Morgan, Goldman Sachs, and Credit Suisse, LEVERJ is a decentralized cryptocurrency derivatives trading platform created to perform like traditional financial exchanges while maintaining the critical function of security. LEVERJ is completely self-custodial by design, meaning that users always control their private keys and funds.

Interest in Decentralized Finance (“DeFi”) is skyrocketing, with trading on decentralized exchanges topping $4 billion in July 2020. To cater to strong customer demand, LEVERJ has built a high-frequency, multi-currency spot and futures trading platform.

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India Plans Extending World’s Biggest Jobs Program to Cities

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(Bloomberg) — India is considering extending its flagship jobs program in villages to workers in cities left unemployed by the pandemic-induced lockdowns, a government official said.

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The program, when approved, may be rolled out in smaller cities and initially cost about 350 billion rupees ($4.8 billion), said Sanjay Kumar, a joint secretary in the Ministry of Housing and Urban Affairs.

“The government has been considering this idea since last year,” he said. “The pandemic gave a push to this discussion.”

Prime Minister Narendra Modi’s government is already spending more than 1 trillion rupees on a rural jobs program this year, under which workers in the hinterland can earn a guaranteed minimum daily wage of 202 rupees for at least 100 days a year. An urban version of the plan will soften the blow on citizens most affected by the coronavirus fallout, which has set Asia’s third-largest economy on

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The World’s Most Powerful Geometric Search Engine and Collaboration Platform for 3D Models

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COLUMBUS, Ohio, Aug. 18, 2020 /PRNewswire/ — Physna, Inc., the world leader in geometric deep-learning technology, is excited to announce the launch of Thangs: The world’s first geometric search engine and most powerful online community for 3D model creators. With more than one million indexed 3D models at launch and many more to come in the next few months, Thangs puts groundbreaking tools and machine-learning capabilities in the hands of designers, engineers and enthusiasts around the globe.” data-reactid=”12″COLUMBUS, Ohio, Aug. 18, 2020 /PRNewswire/ — Physna, Inc., the world leader in geometric deep-learning technology, is excited to announce the launch of Thangs: The world’s first geometric search engine and most powerful online community for 3D model creators. With more than one million indexed 3D models at launch and many more to come in the next few months, Thangs puts groundbreaking tools and machine-learning capabilities in the hands

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When a COVID-19 Vaccine is Ready, The “COVAX Facility” Will Bring it to the World’s Population

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When a COVID-19 Vaccine is available, most of the world will have access to it thanks to a unique platform for international cooperation called The COVAX Facility.

The COVAX Facility, which is also sometimes referred to as the COVAX Pillar, is essentially a platform for pooled investments in the development, manufacture and distribution of a COVID-19 vaccine. At time of recording, 172 countries have entered into an initial agreement with COVAX. This includes about 80 wealthier countries that would be able to purchase the vaccine on their own and 92 lower income countries which would not be able to self-finance the procurement of a vaccine.

The goal of the COVAX Facility is to provide 2 billion doses of a vaccine to cover 20% of the population of all participating countries by the end of 2021.

COVAX is a co-lead by three entities:

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Michelin edges Bridgestone as world’s most valuable brand

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“Tire makers are on the hook to deliver something more than durability, reliability and high performance,” Brand Finance said in its study. “They need to embark on the ‘connectivity’ journey.

“A big question now is: ‘To what extent can the tire manufacturers leverage the 5G technology to create connected tires?'”

The firm said analysts expect the connected tire market to grow by up to 75% by 2030 with autonomous driving and car-sharing contributing highly to demand for connected tires. Growth in the more traditional tire industry, by contrast, is predicted to be in the 5% range by 2027.

Continental A.G. retains the No. 3 ranking despite a slight slip in value, down 2.6% to $3.32 billion, ahead of Dunlop and Goodyear at fourth and fifth.

The Dunlop brand — which is shared by Goodyear and Sumitomo Rubber Industries Ltd. and used by them exclusively in agreed-upon geographic regions — was

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Michelin retains world’s most valuable tire brand title

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“Tire makers are on the hook to deliver something more than durability, reliability and high performance,” Brand Finance said in its study. “They need to embark on the ‘connectivity’ journey. A big question now is: ‘To what extent can the tire manufacturers leverage the 5G technology to create connected tires?'”

Analysts expect the connected tire market to grow by up to 75 percent by 2030, tha company said. Autonomous driving and car-sharing will contribute greatly to demand for connected tires. Growth in the more traditional tire industry, by contrast, is predicted to be in the 5 percent range by 2027.

Continental A.G. retains the No. 3 ranking despite a slight slip in value, down 2.6 percent to $3.32 billion, ahead of Dunlop and Goodyear at fourth and fifth.

The Dunlop brand—which is shared by Goodyear and Sumitomo Rubber Industries Ltd. and used by them exclusively in agreed-upon geographic regions—was valued

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