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Doctors warn of these bad air quality health effects as Canadian wildfire smoke blows through East Coast

June 7, 2023 by www.cbsnews.com Leave a Comment

A thick haze taking over the skies of much of the Northeast U.S. has prompted numerous cities to urge people to stay indoors – and for good reason. The smoke trailing in from wildfires in Canada has spiked air pollution to levels that could cause health issues for those exposed, particularly people in vulnerable groups.

According to the Environmental Protection Agency, wildfire smoke is a “complex mixture” of pollutants can cause anywhere from minor health effects to those that are more serious. That’s because the particulate matter within the smoke irritates the respiratory system, impacting the body’s ability to function even among those who are healthy, and even short-term exposure of just a few days can have serious impacts.

“Sensitive groups,” including children, the elderly, pregnant people and those with pre-existing respiratory and cardiovascular issues, are most vulnerable to these impacts.

“The particulate matter that’s in this haze is significant because it does irritate the bronchials, the small tubes that go down into your lungs and connect to the alveoli, which are the sacs that allow you to breathe,” Dr. Bob Lahita, a rheumatologist, told CBS News, saying that anyone who belongs to the sensitive groups should avoid going outside.

According to the National Weather Service, ” poor air quality can be hazardous.” Here’s what to look out for.

Headaches, irritation and fatigue

Among the most minor of symptoms when it comes to health effects of poor air quality are headaches, sinus and eye irritation, and fatigue. Even though they are not as severe as some other potential effects, they could cause significant discomfort or worsen other impacts.

“If you look at your car this morning and it’s been parked outside and there’s a fine layer of soot over your car, well, it’s often gonna be inside your lung, inside your chest,” Lahita said. “And that is a big problem. A lot of people can’t tolerate it and will be coughing and sneezing all day.”

Respiratory issues

Those who have pre-existing respiratory issues, including asthma, are more susceptible to the impacts of wildfire-fueled poor air quality. Difficulty breathing, asthma attacks, irritated throat, bronchitis, reduced lung function, coughing and chest pains are all health effects of wildfire smoke and bad air quality. And according to the EPA, it often leads to an “increased risk” of emergency room visits.

You don’t have to be in direct line with the wildfires to have those impacts.

“Pollution from wildfire smoke can rise up to 14 miles into the air and then is carried with wind currents which is why it affects everyone,” Cleveland Clinic pulmonologist Neha Solanki said in 2021. “So even if you don’t live directly near wildfires, you’re still exposed to all of that toxic pollution.”

More than 9.3 million acres have been “charred” by dozens of ongoing fires in Canada, The Weather Channel’s Stephanie Abrams said on “CBS Mornings” Wednesday. And the smoke that has since drifted to the U.S. ” could last for a while .”

“There’s going to be thick smoke pollution at least through Saturday, especially in the Northeast,” she said.

Cardiovascular issues

Similar to respiratory issues, pre-existing cardiovascular problems also pose a problem when it comes to air quality. Heart failure, heart attacks and strokes are all possible when exposed to poor air quality, even for short amounts of time. Chronic heart issues, such as congestive heart failure and high blood pressure, have been linked to premature death .

Weakened immune system

According to the Cleveland Clinic, there is evidence that smoke inhalation weakens the immune system.

“We breathe in smoke and it gets into our bloodstream,” Dr. Solanki said. “Then the particles stick to a location in our body and the immune system activates and can create an inflammatory response.”

In 2021, a Harvard study found that thousands of COVID cases and deaths across California, Oregon and Washington could be linked to the increases in air pollution caused by wildfire smoke.

How bad is the air quality?

On Wednesday, New York City , which typically has a “good” air score on the Air Quality Index, ended up with one of the highest amounts of air pollution across tracked global cities at a level considered “unhealthy” by national standards.

Much of the Northeast was under that same “unhealthy” level as of Wednesday morning, according to federal tracking, with some areas – including portions of New York, Pennsylvania, New Jersey, Delaware and Maryland hitting “very unhealthy” levels, meaning the general population, not just sensitive groups, is susceptible to health impacts.

    In:

  • Health
  • Face Mask
  • Wildfire
  • Pollution
  • Wildfire Smoke
  • Canada
Li Cohen

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Li Cohen is a social media producer and trending content writer for CBS News.

Filed Under: EUNews Health, Face Mask, Wildfire, Pollution, Wildfire Smoke, Canada, why is mammoth air quality bad today, who quitting smoking has immediate health effects, why does milan have bad air quality, why does pittsburgh have bad air quality, why is torrance air quality so bad, why does portland have bad air quality, why does tucson have bad air quality, why does seoul have bad air quality, somewhere with bad air quality, bad air quality compared to smoking

Tanla Platforms to acquire ValueFirst for Rs 346 crore from Twilio

June 8, 2023 by economictimes.indiatimes.com Leave a Comment

Synopsis

To this effect, Tanla has signed a definitive share purchase agreement to acquire ValueFirst, “subject to upward closing adjustments in the range of $2.5 million – $3.5 million”, according to a regulatory filing by the Hyderabad-based company. The acquisition is expected to close in July 2023.

Homegrown communications platform-as-a-service (CPaaS) provider Tanla Platforms on Thursday said it is acquiring ValueFirst from US-based Twilio in a Rs 346 crores ($42 million) all-cash deal to strengthen its leadership in India’s cloud communications space.

To this effect, Tanla has signed a definitive share purchase agreement to acquire ValueFirst, “subject to upward closing adjustments in the range of $2.5 million – $3.5 million”, according to a regulatory filing by the Hyderabad-based company. The acquisition is expected to close in July 2023.

Separately, Tanla has also signed a binding term sheet to acquire ValueFirst Middle East FZC for a cumulative consideration of Rs 20 crores through a combination of primary investment and a secondary purchase from the existing shareholders, subject to closing conditions, to strengthen its global footprint. This acquisition is expected to close by September 2023.

“At an aggregate level across these two distinct acquisitions, Tanla is acquiring entities with Rs 950 crores revenue and Rs 52 crores recurring EBITDA ,” the company said, adding that Vishwadeep Bajaj, founder of ValueFirst will lead both the acquisitions.

“We only believe in purposeful acquisitions and have had an incredible track record with Karix acquisition, which has seen 20x EBITDA growth over the last 5 years. I am confident we will embark on a similar journey with ValueFirst to unlock massive value,” said Uday Reddy, Founder Chairman & CEO, Tanla Platforms.

“Tanla is a leading CPaaS provider in the Indian market as well as a longtime customer and partner of ours, making them a natural fit and ideal home for ValueFirst’s customers and employees. Twilio remains committed to India as well as our strategic partnerships and large employee base in the region,” said Khozema Shipchandler, President, Twilio Communications .

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“I am very excited to join Tanla, the largest CPaaS player in India and I am confident that we will benefit from significant synergies and scale to address the needs of our enterprises better,” said Vishwadeep Bajaj, CEO & Founder of ValueFirst.

ValueFirst will issue restricted stock units or RSUs for key talent worth Rs 50 crores (basis the SPA transaction value) over 2 years to drive performance retention. The company serves pver 1000 enterprises.

According to Tanla, the acquisition of ValueFirst will further strengthen its leadership in the Indian CPaaS space with more than 35% share. In the SMS channel, Tanla aims to further strengthen its revenue market share to nearly 45%.

In addition, this acquisition is expected to help Tanla help scale other key channels like WhatsApp with a sizable ~15% share.

Tanla has nearly 50% share in the large enterprise segment which will now be strengthened by another 20% share in the mid-market enterprise segment.

Its acquisition of ValueFirst Middle East FZC will provide Tanla a strong momentum in Saudi and Indonesia and a critical mass of 10% market share in the UAE. The homegrown company expects the total addressable market size in these markets at Rs 20,000 crores.

“Value First’s Surbo (an NLP-driven chatbot platform for messaging channels) can also be leveraged through focused cross-sell interventions in select amenable sectors such as e-commerce, BFSI, and Telecom. Surbo has 150+ active customers at a scale of 100Mn+ conversations per month,” as per the regulatory filing.

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Print Edition Thursday, 08 Jun, 2023

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It’s a challenge to get Indian users to pay for music: Spotify India MD Amarjit Singh Batra

June 8, 2023 by economictimes.indiatimes.com Leave a Comment

Synopsis

Amarjit Singh Batra, MD of Spotify India and general manager, SAMEA (South Asia, Middle East, Africa) fielded questions about the business of audio streaming in an exclusive chat with ET’s Shephali Bhatt.

Every meeting room in Spotify ’s India office in Mumbai’s Bandra-Kurla-Complex area is named after a popular local song or a homegrown podcast. A QR code under the signboard leads you directly to that title on the audio-streaming app. While leaving the premises, you cannot help but ask if one of these meeting room titles has changed in the last couple of months (it hasn’t, we’re told). That’s because in March, the Stockholm-based company removed Zee Music ’s entire Hindi film music catalogue, including hit albums like Gully Boy, from its app. The two parties had failed to negotiate their licensing agreement renewal. Given that the music label reportedly contributed to two dozen of Spotify’s Daily Top 200 Songs chart for the country, how has the move impacted listenership on the app?

Amarjit Singh Batra, MD of Spotify India and general manager, SAMEA (South Asia, Middle East, Africa) fielded this and other questions about the business of audio streaming in an exclusive chat with ET’s Shephali Bhatt. Edited excerpts:

Let’s address the elephant in the room right away. Is Spotify doing something to bring Zee Music back? Is there a worry if it doesn’t return?

I can’t comment on the specifics, but there is no worry. We probably have the best catalogue of music in the country today. Globally, we have almost 100 million songs and the largest repository of playlists – over 200,000 user-generated playlists are created in India every day.

Our leading playlist, Indie India, which focuses on independent artists, has grown by 200% over the last year and has added 2.5 lakh new followers in just one year. Today, we have content in almost every Indian language on Spotify. But there are times when some content is there, some is not. It’s part of the process. I wouldn’t read too much into that.

This isn’t a one-off though. Spotify India also had a year-long dispute with Warner Chappell Music in 2019. Is the company trying to send a strong message to music labels?

I think this is a general industry phenomenon that you’ll find in other sectors, too. Spotify has been in this business for 15 years. We are not a fly-by-night operator. Our objectives are much larger than one artist or one content piece. We have over 515 million people listening in across 184 countries. A lot of our focus is to see how we serve them well. Sometimes we need to give our teams a break, too, because they’re working on so many things. So, let’s not put pressure on the teams.

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Also read | Why subscription-focused Spotify wants to double down on advertising revenues in India

Is there pressure on the India team to meet a certain percentage of the targets for the next quarter then? The first quarterly report of 2023 states that the company aims to add 15 million net new subscribers, including 7 million premium/paying ones.

I think Daniel [Ek] is a big believer in India. When we build for businesses, we don’t divide it into regions, or individuals. We’re all going to contribute to that target.

India is among the top five markets for Spotify in terms of users. The app fetches the highest monthly streams (13.5 billion) compared to other freemium apps here, too, as per record labels. But the country falls in your ‘rest of world’ zone which contributes the lowest share (12%) of paying subscribers. How do you plan to bring in more Indian users into the premium fold?

It’s a challenge to get Indian users to pay for music. What makes it harder is that the Indian users get a free-on-demand experience of the app wherein there are no restrictions on the songs they can listen to, which is not the case with the free experience in other markets. But Indians are paying for a lot of things now.

I think they are short-changing themselves by not enjoying music seamlessly by paying roughly $1.5 that we ask them to pay for a month. So, we’re trying to enhance the user’s overall experience of the app to change consumer behaviour. For instance, my team works very closely with artists, labels, and partners to educate them on how they can use Spotify, because there’s so much data available to help artists figure out what they should create, for whom and so on.

What about podcasts? Spotify invested heavily in this vertical but industry-wide listenership figures are going down. Podcast advertising revenue forecasts estimate slower growth, too. Is it still a growth driver for you?

It’s the biggest growth driver for us in the future…

But Spotify discontinued 11 of its original shows in October and recently laid off 200 people in its podcast division globally…

I think a lot has happened in the global economy in the last one or two years. At Spotify, we consciously thought about leading the way to make podcasts an important part of the listening consumption pattern of our audience. In the next phase of the journey, we want to enable more creators to come onboard, equip them with tools like Anchor, to create their own podcasts. Ultimately, we are a tech and platform company. We can add much more value to our listeners and creators if we also invest in that part of the piece.

Also read | Spotify lays off another 200 employees from its podcast unit

So, we’re moving forward in that direction. A large business goes through learning curves. I think it’s very easy to copy somebody. It’s difficult to pioneer something, because then you will do some great things and some not-so-great things. So, Spotify is still going behind podcasts in a big way. We’re just developing new ways to bring listeners and creators into this space.

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Filed Under: Uncategorized spotify, india, Music streaming, Revenue, zee music, warner, zee..., why pay for spotify, year in music spotify, challenging jobs that pay well, spotify india, year music spotify, best user friendly smartphone in india, brain food music spotify, paying for spotify, challenger buy here pay here, kik indian users

SK On nabs additional $400 million in funding

June 8, 2023 by koreajoongangdaily.joins.com Leave a Comment

SK On's NCM9 — nickel, cobalt and manganese — battery for electric vehicles [SK ON]

SK On’s NCM9 — nickel, cobalt and manganese — battery for electric vehicles [SK ON]

SK On, a local battery maker, will raise an additional $400 million from a group of Singaporean financial investors, upping its total funding to nearly 5 trillion won ($3.8 billion) ahead of its initial public offering (IPO) scheduled for 2026.

SK Innovation held a board meeting on Thursday and approved the plan.

The funds will be used to help SK On, which split off from SK Innovation in October 2021, accelerate its push to expand its global electric vehicle (EV) battery market share amid the rapid electrification trend.

ENGZ Holdings Limited, JPT Holdings Limited, and Wert Holdings Limited will invest a combined $400 million in SK On as members of a consortium led by MBK Partners, according to SK Innovation’s regulatory filing Thursday.

The MBK Partners-led consortium, which includes global financial investors from China and the Middle East, previously agreed to offer up to $800 million, which was approved by SK Innovation on May 24. SNB Capital, an asset management arm of Saudi National Bank, will provide up to $144 million.

SK On has raised a total of 4.97 trillion won ($3.82 billion) so far, exceeding its initial target of 4 trillion won. SK On raised a total of 1.2 trillion won from a local private equity consortium in March and another 2 trillion won from SK Innovation.

SK On plans to go public by the end of 2026.

Investing in pre-IPO stocks allows investors to buy company shares at what could be a fraction of the market value, giving a higher return on investment. If companies don’t go public within the period that was promised, they are usually required to return the investment plus the interest, although this varies depending on the contract.

BY SHIN HA-NEE [[email protected]]

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Inheritance tax imperils the people Keir Starmer claims to stand for

June 2, 2023 by www.telegraph.co.uk Leave a Comment

There was a time when the topic of inheritance tax was relevant only to policymakers and those fortunate few who were wealthy enough to be affected by it. But things have changed drastically in the past 40 years.

An entire generation of Britons raised on council estates began, in the 1980s, to embark on an adventure their parents could never have contemplated: home ownership. Decades later, these hard-working grafters are now considering another exercise that their own parents could never have contemplated: working out how much of a cut the government will take of their estate before their children can benefit from it.

This sort of dynamic fundamentally alters the nature of the debate. Inheritance tax is increasingly affecting ordinary, lower middle class families, especially in the South East. Many of them will be Labour voters who believe in equality and the greater good. But clearly, the party has not yet caught up with this reality.

In the 1990s, one article in a Left-leaning magazine made the case for a 100 per cent rate of inheritance tax. Being gifted money earned by other people was immoral, the writer suggested, and the wealth gap between rich and poor could only be closed by the state taking everything your mum and dad left you.

It’s a debate that has haunted the Labour movement ever since. In 2007 it even led to Gordon Brown bottling the early general election he was planning to hold in order to take advantage of his honeymoon period as the recently installed prime minister. A promise by George Osborne to his party’s conference that, as chancellor, he would scrap inheritance tax altogether, persuaded Brown not to seek his own mandate after all. In other words, he feared that such an offer might prove irresistible to voters.

As with too many issues, some Labour thinkers see the argument over inheritance tax not as an economic one , but as a moral one. Supporting the confiscation by the government of a large proportion of a dead relative’s property is considered virtuous by those who, even today, regard private wealth as distasteful. But to want to leave your children as much wealth as possible is not remotely immoral; it is a fundamental, shared instinct that stretches back as far as humanity itself.

And that instinct is as vital among the “new” middle classes as it has always been among the wealthy. Moreover, when a new generation of young people are finding it increasingly difficult to emulate the achievement of their parents by buying a home, political parties should be wary about placing any more obstacles in their way. Indeed, these are two groups – the new middle class and the young – that Keir Starmer, desperate to move from the hard-Left ideological tendencies of Corbyn and co, claims to stand for. If their interests are his, he would have to think again about the old “death tax”.

Those who point the finger at the super-wealthy and claim that their privilege is somehow an argument for state seizure of assets simply aren’t paying attention. Instead of focusing on those wealthy enough to afford the best accountants to advise on how to minimise their tax liabilities, policy-makers should focus on the broader experience of the public. Many of us scrimped and saved when we were younger so that we could buy a house and then keep it in frequently hazardous economic environments, through family dramas and recessions. There was no other option open to us: none of us knew that “the bank of mum and dad” even existed.

Brought up in social housing in an era when there was no stigma attached to that, we inherited nothing from our own parents and had to start out on the property ladder with no help other than what we could persuade our bank managers to lend us. We will never forget the anxiety attached to the shiny new mortgage we committed to in our 20s, with monthly repayments that were eye-wateringly high and subject to rocketing base rate rises.

We opted to do without many of life’s luxuries in order to keep a roof over our families’ heads. Foreign holidays, new cars and visits to restaurants were all sacrifices. It was just something you had to do in order to own a house. One day, in the far-off future, it would all be worth it. Our mortgages would finally be paid off and late middle age could slow down to a more relaxed pace, in the knowledge that our years of hard work and self-denial would allow our own offspring to avoid at least some of the hard graft we had to endure.

So a rapidly growing number of people will soon be asking: what on earth has the government to do with any of this? They may conclude, rightly, that there is nothing moral about inheritance tax, nothing virtuous about depriving a family of what is rightfully theirs.

Tax working people by all means, but politicians, including those in the Labour Party, should recognise that once that income has been taxed, they have no moral right to take another slice of the cake after death.

Filed Under: Uncategorized Opinion, Politics, Comment, News, Inheritance tax, Tom Harris, Keir Starmer, Tax rises, ivo delingpole keir starmer, richard burgon keir starmer, worboys keir starmer, yorkshire post keir starmer, laura kuenssberg interview with keir starmer, laura kuenssberg keir starmer, boris johnson v keir starmer polls, john rentoul keir starmer, paul embery keir starmer, labour keir starmer speech

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