17 April 2012The Cape Chamber of Commerce has urged the City of Cape Town to host African Cup of Nations matches next year, saying football is good for business, it was reported on Tuesday.Chamber chairman Michael Bagraim told the Cape Times it would benefit the city in the long run.“Soccer is good for the city,” Bagraim said. “It puts us on the map, brings tourists from Africa especially, and brings money into the coffers of even the smallest businesses.”The city missed the deadline for the signing of host city agreements last Friday, saying the costs were too high and uncertain as the estimated R27-million could balloon to R40-million.It suggested that the organisers pay 25 percent of the costs and the National Treasury guarantee 50 percent.The city and the Western Cape government would cover the remaining 25 percent.Mayoral committee member for tourism, events and marketing, Grant Pascoe, told the newspaper the city was still interested in hosting matches.The South African Football Association is due make announce its decision on the host cities for the continental football showpiece on Thursday.Sapa
If you haven’t noticed, cloud computing has been evolving from marketing hype to technology development and solution delivery in 2010. We’ve been talking about cloud for about a year on Chip Chat focusing our discussions on the technologies required for cloud innovation. Last week I chatted with Raejeanne Skillern on the Intel Cloud Builder program, and she packed in more info per second than I can recall in a Chip Chat episode.Today Intel, the industry, and data center customers took the conversation to a new level. The big news is the launch of a new data center customer driven group called the Open Data Center Alliance. The group is garnering a lot of attention with their launch, both from the media and from their peers. I was able to catch up with Alliance chairman Marvin Wheeler, who earns his living as Chief Strategy Officer for Terramark. Marvin filled me in on the Alliance and shared why he’s so excited about what the group brings to data center computing.Today’s announcement also featured a lot of new info from Intel including news that Intel will serve as technical advisor to the Open Data Center Alliance and that we’ve greatly expanded our Cloud Builders program to rally the industry towards open, interoperable cloud solution delivery. I caught up with two Intel execs we’ve had on Chip Chat before, Data Center Group Marketing VP Boyd Davis and Jason Waxman, General Manager, High Density Computing, Data Center Group, to learn more about the Cloud announcements. Boyd provided a unique look on what the development means for the industry and why Intel is the perfect fit as technical advisor to such an Alliance. Jason drilled down into what it will mean to have a cloud requirements roadmap available to the industry and how Intel plans on working with other cloud leaders to meet customer requirements through our Cloud Builders program.The interviews signal a new series of Chip Chat episodes on delivery of the cloud…hope you enjoy the chats, and as always I’d love any feedback on the conversations as well as on topics you’d like to hear in the future.
Russia worry sets tone for Estonia poll500 viewsRussia worry sets tone for Estonia poll500 views00:00 / 00:00- 00:00:0000:00Russia worry sets tone for Estonia poll500 viewsBusinessEstonia’s defence league holds a fun day at a local school in Tallinn. The tiny Baltic state is one of the few NATO members to keep defence spending at a NATO target of two per cent of GDP. Its 1.3Ventuno Web Player 4.50Estonia’s defence league holds a fun day at a local school in Tallinn. The tiny Baltic state is one of the few NATO members to keep defence spending at a NATO target of two per cent of GDP. Its 1.3
A recent government order with potential to limit royalty fee charged on all new and advanced genetically modified (GM) seed technologies has been put on hold, reported Business Standard. The May 18 order was held back to have a wider public debate.Royalty or the trait fee charged on seeds by GM companies ( or the licensors) on domestic firms (the licensees) was capped to 10 percent of the maximum sale price in the recent order. An earlier order had restricted selling the seeds beyond Rs. 800 for every 450 grams.In further tightening of GM seed royalties, the 10 percent fee will be unchanged for the first five years from the date of its commercialisation and from the sixth year will be lowered by 10 percent annually.The Business Standard report noted that the most litigious of the clauses was that all existing agreements had to follow the new rules within 30 days, failing which the agreements would be considered void. Also disputable was the mandatory granting of licence to licensees within 30 days of request by anyone fulfilling the minimum eligibility criteria.India has so far allowed usage of GM technology only in cotton seeds. Mahyco Monsanto Biotech (MMBL), a joint venture of U.S.-based Monsanto and India’s Mahyco, is the sole provider of GM cotton seeds in the country, reported Reuters. The government order has indirectly, albeit effectively, targeted Monsanto.MMBL’s India BusinessMMBL, the original licensee, has sublicensed the cotton seed technology to more than 50 domestic companies. These companies allege that MMBL collects Rs. 530 crore annually as royalty fee for its Bt technologies. Since 2002, its total collection amounted to Rs.7,000 crore. India’s GM seed market as a whole is around Rs. 3,500 crore per year, said Business Standard.The daily added that the first of the cotton seed technology from Monsanto’s stable was the Bollgard-1 technology that went off-patent in 2006. Then the company launched its BG-2 tech seeds, which has a 95 percent market share of India’s Bt cotton seeds. Its newer variant, BG-3 tech, is still pending commercial approval.