Velocette Records

ALYI expects a second $2 million order replicating the African electric motorcycle business in Brazil

March 30, 2022 Diana M. Cuyler Motorcycle Business

Dallas, TX, March 31, 2022 (GLOBE NEWSWIRE) — Alternet Systems, Inc. (OTC Pink: ALYI) is building an EV ecosystem that includes organic and partner solutions for all aspects of the growing EV transportation system.

ALYI established the core of its EV ecosystem by East Africa where it has already begun rolling out a full electric motorcycle business. ALYI is rolling out electric motorcycles in the robust motorcycle taxi market. ALYI actively delivers a $2 million electric motorcycle control Kenya executed in the fourth quarter of 2021 and is expected to be included in the Company’s upcoming 2021 Annual Report (the Company will file an extension today and publish the 2021 Annual Report during the extension period).

ALYI is now engaged in the replication of its African electric motorcycle model in Latin Americafrom Brazil.

In BrazilRide-sharing apps such as Uber have already rolled out motorcycle ride-sharing solutions.

See – Uber is expanding ride-sharing services with motorcycles in Brazil.

ALYI is currently working to establish a relationship with a local distributor who will in turn offer ALYI’s electric motorcycles to transport drivers on a hire-purchase basis in the same way that ALYI is now working with a local distributor in Kenya.

Added cryptocurrency strategy in Brazil

ALYI has developed a cryptocurrency funding strategy for its EV ecosystem. Participation in ALYI’s EV ecosystem is facilitated through the Revolt Token Sale (RVLT) – learn more about RVLT at https://rvlttoken.com/.

In lease-purchase contracts Brazil, ALYI plans to add a cryptocurrency payment mechanism. Following the implementation of the crypto-currency solution in BrazilALYI will retroactively implement the proven solution in Kenya.

To learn more about ALYI, visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. Statements reflect the Company’s current beliefs regarding future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, failure to meet deadlines or performance requirements of the companies’ contracts, the companies’ liquidity condition, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events discussed in this press release may not occur.

Contact:
Alternet Systems, Inc.Randell Torno[email protected]
+1-800-713-0297

alternet-systems-inc

Source: Alternet Systems, Inc.

2022 GlobeNewswire, Inc., source Press Releases

Home Depot, CVS Health – Merseyside Business

March 29, 2022 Diana M. Cuyler Motorcycle Sale

Specialized retailers

The Global Specialized retailers The 2022 Market Research Report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Specialty Retailers Market report provides information on size, share, trends, growth, cost structure, global market competitive landscape, market drivers, challenges and opportunities, capacity, revenue and market forecast 2026.

Specialized retailers The market is expected to grow at 6.7% CAGR through 2026.

Report Scope:

The report assesses growth rate and market value based on market dynamics and growth inducing factors. Comprehensive knowledge is based on the latest industry news, opportunities and trends.

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The report presents the competitive landscape of the market and a corresponding detailed analysis of the major vendors/key players in the market.

Main companies: – in the global specialty retail market: Home Depot, CVS Health, Lowe, Express Scripts Holding, Best Buy, Hennes & Mauritz, Adidas, FAST RETAILING, Gap, Kingfisher

Global specialty retailer market split by product type and applications

This report segments the specialty retailer market on the basis of Types are:-

In line

Offline

Based on Application, the specialty retailer market has segmented into:-

Motorbike

Clothes

Food

Others

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Regional outlook: Regions covered in the Specialty Retailer market reports are

North America (United States, Canada, Mexico)

Europe (Germany, UK, France, Italy, Russia, Spain, etc.)

Asia-Pacific (China, India, Japan, Southeast Asia, etc.)

South America (Brazil, Argentina etc.)

Middle East and Africa (Saudi Arabia, South Africa, etc.)

Influence of the Specialty Retailer Market Report

– Comprehensive assessment of all opportunities and risks in the Specialty Retailers market.

– Specialized retailers Market recent innovations and major events.

– A detailed study of business strategies for growth of the Specialty Retailer market-leading players.

– Conclusive study about the growth plot of the market for forthcoming years.

– In-depth understanding of market-specific drivers, restraints and major micro markets.

– Favorable impression in vital technological and market latest trends striking the market report.

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What are the market factors that are explained in the report?

– Key strategic developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, mergers and acquisitions, agreements, collaborations, partnerships, joint ventures, and regional growth of the major competitors operating in the market to globally and regionally.

– Main characteristics of the market: The report assessed key market characteristics including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR and gross margin. Additionally, the study offers a comprehensive study of key market dynamics and their latest trends, along with relevant market segments and sub-segments.

– Analytical tools: The Global Specialty Retailers Market report comprises the precisely studied and assessed data of the major industry players and their scope in the market by means of a number of analytical tools. Analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study and ROI analysis were used to analyze

If you are considering investing in new products or trying to understand this growing market, this report is your starting point.

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The Research Insights: – A world leader in analysis, research and advice that can help you renovate your business and change your approach. With us, you will learn to make decisions with fearlessness. We make sense of disadvantages, opportunities, circumstances, estimates and information using our experienced skills and verified methodologies. Our research reports will give you an exceptional experience of innovative solutions and results. We have effectively led businesses around the world through our market research reports and are uniquely positioned to lead digital transformations. Thus, we create greater value for customers by presenting advanced opportunities in the global market.

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Pierre Zakrzewski’s funeral takes place in Dublin

March 29, 2022 Diana M. Cuyler Motorcycle Price

Irish cameraman Pierre Zakrzewski, killed while covering the war in Ukraine, has spent his life discovering the world through travel, a passion that will eventually lead him to a celebrated career in journalism, his mass of funeral.

Zakrzewski (55) was killed just outside Kyiv on March 14 alongside his colleague Oleksandra Kuvshynova when the car they were traveling in was hit by incoming fire.

His funeral remembered a man loved by his family and colleagues, who had led a life shaped by adventure.

In one of three eulogies, Zakrzewski’s brother, Stas, told the congregation how Pierre’s French godfather, Jean-Pierre, had been a particularly important influence, regaling him with travel stories that inspired to dream of adventures in faraway places.

Michelle Ross-Stanton, wife of the late Pierre Zakrzewski, speaks to Foreign Secretary Simon Coveney at her husband’s funeral. Photography: Tom Honan for The Irish Times

“And 42 years later,” he said, quoting his late brother, “for most of the year, I find myself all over the world. Whether it’s for work or just a trek, I am still as amazed by the world and the adventure as when I started.

Stas described how, fleeing the constraints of traditional education, Pierre had learned about life during those years.

“That’s where his interest in photography and politics started to merge with freelance journalism,” he said. “He taught us to think outside the box and that nothing is impossible.”

The life of Zakrzewski, who is survived by his wife Michelle and extended family, was celebrated in a ceremony at the Church of Our Lady of Perpetual Help in Foxrock, south Dublin. Foreign Secretary Simon Coveney attended, while President Michael D Higgins and Taoiseach Micheál Martin were officially represented by aides-de-camp, Commanders Deirdre Newell and Claire Mortimer respectively.

Pierre Zakrzewski’s coffin is carried to Our Lady of Perpetual Help Church, Foxrock. Zakrzewski’s brother Greg is pictured at left. Photography: Tom Honan

Ukrainian Ambassador to Ireland Larysa Gerasko and US Ambassador to Ireland Claire Cronin were also present, as was Labor Party leader Ivana Bacik.

A large Garda presence led traffic outside as participants entered the church. Zakrzewski’s modest, unvarnished coffin was transported with the accompaniment of Iníon Choncúr Bán, played on uilleann flute by Mark Redmond.

Ukrainian pins were worn on the mantles of mourners, and on the altar was a row of handmade sunflowers, the national flower of the beleaguered country in which Zakrzewski died covering the conflict.

Small Irish and Ukrainian flags were tied to the handles of his coffin and the tearful nieces and nephews who followed him held more homemade sunflowers tied to straws. Some of them then paid their respects at the altar – a toy motorcycle; Zakrzewski’s first and second favorite foods, dry sausage and Tayto chips; a book about the Rolling Stones; and a camera.

“Motivated by his desire to sincerely meet genuine, egoless people, to truly present their stories and their uniqueness to the world, he distinguished himself as a storyteller,” Father Kieran Dunne said in his homily.

Pierre Zakrzewski with colleagues in kyiv. Photograph: Fox News via The New York Times

He was “a proud Irishman, unafraid of his roots and down to earth, able to cross languages, cultures, traditions and identities and see them not as barriers but as oceans of possibilities for human encounter, sharing and growth”.

St. Patrick’s Cathedral High School Choir sang Amazing Grace.

In his eulogy, his friend and Fox News colleague Tim Santhouse recalled how Zakrzewski spent many months after the US withdrawal from Afghanistan helping those trapped inside to escape. His childhood friend, Ronan Hingerty, said Zakrzewski would not be measured by awards or honors, but by how he made people feel.

Moments before his casket was led to the hymn How Great Thou Art, Father Dunne offered a final thought on the nature of Mr Zakrzewski’s life’s work.

“Telling the truth is a labor of love,” he said. “Love always has a price. And what a terrible price.

Excise Department seizes huge amount of narcotics – Pakistan

March 28, 2022 Diana M. Cuyler Motorcycle Business

PESHAWAR: The Excise Department foiled an attempt to smuggle a large amount of drugs in various operations and recovered 4.4 kg of heroin and 26 kg of hashish, while 06 drug traffickers were arrested over the past operations, said an official press release issued on Sunday.

Under the supervision of Waheed Khan Peshawar Circle and Mardan Area Officer, Akif Nawaz SHO Excise Mardan Police Station along with other staff stopped car number CA 359 near the exchanger of Charsadda on a denunciation and recovered 3500 grams of high-grade heroin during the search, accused Usman Nazir son of Nazir Ahmed resident of Rawalpindi Cantt was arrested on the spot.

In another operation, under the supervision of Masood-ul-Haq Excise and Taxation Officer (Counter Narcotics Operations), Lal Gul Khan in charge of Special Squad-1 NCW, along with other personnel intercepted vehicle number LWD 0991 at Jamrud Road near Jamrud Chowki. 8000 grams of hashish recovered.

Two defendants, Habib-ur-Rehman, son of Mir Zaman Khan, resident of Hangu, and Noman Siddiqui, son of Muhammad Siddique Khan, resident of Nowshera, were arrested on the spot.

During the 3rd and 4th operation, Muhammad Riaz SHO Excise Police Station Peshawar Region along with other staff on a tip-off seized vehicle number VK 466 on H Gol Chowk towards Motorway Road after intense resistance and an escape attempt . Staff recovered 10,000 grams of hashish. The accused Alam Rasool son of Murad Ali resident of Gujranwala was arrested on the spot.

In another operation, Excise Squad intercepted H-Roll heading to Islamabad Toll Plaza RPT 981 vehicle and recovered 900 grams of heroin from the vehicle during the search. The accused Khurram Shehzad, son of Islamabad resident Muhammad Bostan, was arrested at the scene.

Similarly, the Mardan region excise police station recovered 2,400 grams of hashish from a motorbike. Meanwhile, the Peshawar Region Excise Police Station recovered 4800 grams of cannabis in another operation as the accused was arrested. Cases have been registered in the relevant police stations for further investigation in all cases.

On drug operations, Excise Secretary Syed Haider Iqbal and Excise Director General Mahmood Aslam Wazir and Narcotics Director Salahuddin said the drug is a fistula. It is imperative to eradicate this scourge from society and the province.

The director general of excise said that the crackdown on drugs has intensified, that drug traffickers can no longer survive, that officials from the excise, taxation and narcotics control department are still ready to eradicate the drug threat from the province. He congratulated the relevant officials for the success of the operations and ordered them to further expedite the operations.

WEGMANN, Plombco, TOHO KOGYO – ChattTenn Sports

March 26, 2022 Diana M. Cuyler Motorcycle Sale

Tire balance

The Global Tire balance The 2022 Market Research Report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Tire Scales Market report provides information on the size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunities, capacity, revenue and market forecast 2026.

Report Scope:

The report assesses growth rate and market value based on market dynamics and growth inducing factors. Comprehensive knowledge is based on the latest industry news, opportunities and trends.

Get a sample copy of this report: (discount up to 30%)

https://www.theresearchinsights.com/request_sample.php?id=475962&mode=Arundhati

The report presents the competitive landscape of the market and a corresponding detailed analysis of the major vendors/key players in the market.

Main companies: – in the global tire balancing market: WEGMANN, Plombco, TOHO KOGYO, Hennessy, Shengshi Weiye, 3M, Trax JH Ltd, Baolong, Jiangyin Yinxinde, HEBEI XST, Yaqiya, Wurth USA, Alpha Autoparts, Holman, Hatco, Bharat Balance Weight, HEBEI FANYA

Global Tire Balance Market Split by Product Type and Applications

This report segments the Tire Balancing market on the basis of Types are:-

Clip-on type

Adhesive Type

Based on Application, the tire balance market segmented into:-

Tourism vehicle

commercial vehicle

Motorbike

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Regional outlook: Regions covered in the Tire Balance market reports are

North America (United States, Canada, Mexico)

Europe (Germany, UK, France, Italy, Russia, Spain, etc.)

Asia-Pacific (China, India, Japan, Southeast Asia, etc.)

South America (Brazil, Argentina etc.)

Middle East and Africa (Saudi Arabia, South Africa, etc.)

Influence of the Tire Balancing Market report

– Comprehensive assessment of all opportunities and risk in the Tire Balance market.

– Recent innovations and major events in the tire balance market.

– A detailed study of business strategies for growth of the Tire Balancing Market key players.

– Conclusive study about the growth plot of the market for forthcoming years.

– In-depth understanding of market-specific drivers, restraints and major micro markets.

– Favorable impression in vital technological and market latest trends striking the market report.

You have questions about the tire balancing market

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What are the market factors that are explained in the report?

– Analytical tools: The Global Tire Balance Market report comprises the precisely researched and assessed data of the major industry players and their scope in the market by means of a number of analytical tools. Analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study and ROI analysis were used to analyze

If you are considering investing in new products or trying to understand this growing market, this report is your starting point.

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Sultan asks traders to fear God as Ramadan approaches

March 26, 2022 Diana M. Cuyler Motorcycle Price

The Sultan of Sokoto, Muhammad Abubakar III, has asked traders not to raise food prices as the month of Muslim fasting approaches.

“I use this medium to call on all merchants who sell things to be afraid of what Almighty God will ask of them when they come to him on the day of judgment,” Mr Abubakar said.

He said traders should instead reduce commodity prices to receive God’s blessings.

“Instead of raising the prices of foodstuffs and other necessities, try to lower the prices in order to gain the blessing of Almighty God,” he said.

The Sultan made the call in Bauchi on Saturday following a week-long 2022 nationwide Quran recitation competition organized by the Bauchi State Government in collaboration with Usman Dan Fodio University in Sokoto.

He stressed the need for traders to be wary of judgment day and avoid extortion from bosses.

The sultan, who is also the general chairman of the Nigerian Supreme Council for Islamic Affairs, called on governments at all levels to devise measures to reduce the cost of living in the country.

“I think it is up to all of us to work together and bring this rising cost of food down to affordable levels so that we can all have a successful Ramadan.

“I think it’s not too much to ask of the government after all, we elected you to serve us and not for us to serve you,” the sultan said.

Muslims around the world will observe a 30-day fasting period (Ramadan) starting in April.

(NOPE)

Shopping shorts: new shoes, promotional events, etc.

March 25, 2022 Diana M. Cuyler Motorcycle Sale

MANILA – Check out some of the latest news on the local business scene.

These are not endorsed by ABS-CBN News.

ADIDAS LAUNCHES ULTRABOOST 22

Handout

Adidas is relaunching its Ultraboost 22 by unveiling a Flash Orange colorway, and 4% more peak energy return than its previous edition.

The Ultraboost 22 leverages female-specific information and uses an online anatomical database of 1.2 million foot scans to create a 360-degree fit enhancement for the female foot.

Adidas Runners Manila, the brand’s official running community in the country, has also launched a series of weekly runs that promote women’s safety. The next sessions are scheduled for March 27 and April 3, with distances ranging from 5K to 15K. More details are available on the group’s Facebook page.

Adidas Philippines has also partnered with artist Gissele Bautista for an in-store product customization collaboration through Adidas Maker Lab. It’s exclusive to the Adidas Brand Center Glorietta March 25-27 from 3-7 p.m.

GLOBE AT HOME PARTNERS WITH LOGITECH

Globe At Home has teamed up with Logitech for a Shopee promo.

As part of the collaboration, customers will receive a free Logitech B170 Wireless Mouse worth P450 if they spend at least P2000 on any Globe At Home, Globe Prepaid or TM 5G SIM device on the online shopping platform until March 31.

Freebie will ship with item purchased from Globe.

HONDA OPENS 2ND FLAGSHIP STORE IN METRO MANILA

Handout

Honda Philippines Inc. (HPI) recently opened its second flagship store in Metro Manila in partnership with the Guanzon group of companies.

Located at Juan Luna St. in Tondo, Manila, the new store offers over 500 sqm of space to showcase the full line of HPI motorcycle products.

It is equipped with separate facilities for commuter bikes and fat bikes, as well as a showroom, customer lounge and service pit.

Honda Tondo Guanzon is open daily from 8:30 a.m. to 5:30 p.m. More details can be found on the Honda Philippines website and social media pages.

METROMART EXPANDS IN DAVAO, BICOL

Online grocery delivery service MetroMart has expanded its services to Davao and Bicol.

Starting March 28, MetroMart will provide its grocery delivery service in Davao with Robinsons Supermarket and S&R. Launching on the same day, Robinsons Supermarket will also be available on MetroMart for the Bicol area.

New MetroMart users in these locations can also get additional discounts with codes HELLODAVAO or HELLOBICOL to get free shipping with a minimum spend of P1,000. Promotions are applicable in their respective service areas only from March 28 to April 30 .

ONITSUKA TIGER’S TRICOLOR SERIES

Handout

Onitsuka Tiger promises to continue delivering classic styles with a modern twist for everyday wear in its Tricolor series.

The Mexico 66 is inspired by shoes launched in the 1960s and has been an Onitsuka Tiger icon ever since. The brand has spiced things up with various added elements: the Mexico 66 Paraty offers a laceless option with a notched heel; the Clog Mexico 66 offers breathability with a mesh material as an easy hot weather fix; and the Mexico SD PF has a functional platform sole.

Delegation Ex and Serrano present a modern take on the shoes worn by the Japanese in the 1960s and 1970s, respectively, for sporting events, allowing the wearer to wear a piece of history with every step.

For a signature accord between old and new, the Tiger Horizonia infuses iconic design elements from Japanese heritage trail models, while the Gigatia draws inspiration from the archives to present a new silhouette that juxtaposes a sculptural sole with a upper made up of multiple heritage styles.

PICK.A.ROO ADDS “SHOP BY MALL” FEATURE

Pick.A.Roo lifestyle delivery app adds “shop by mall” functionality, allowing users to shop at their favorite malls and restaurants and have them sent together to save on delivery costs .

Co-founder Crystal Gonzalez said Pick.A.Roo users can shop at S&R, Landmark, The Marketplace, All Day, Shopwise, Farmer’s Market, and more, as well as stores and restaurants around town. .

Pick.A.Roo allows users to shop for groceries, food, medicine, toys and baby necessities, pet care, gadgets, hardware, and home and kitchen items.

SOUNDCORE AT THE LAZADA ANNIVERSARY SALE

Handout

Premium audio brand Soundcore is offering deep discounts and freebies by joining the Lazada Anniversary Sale.

From March 27-29, Soundcore will offer its wireless audio products at reduced prices. This includes the Liberty 3 Pro, which is up for grabs for P7,450 down from its original price of P9,999.

Audiophiles can also score the Liberty 2 Pro at P6,499 from its original price of P10,494. Other discounted products include the Life P2, Life A2 ANC, Powerline II and Powerline III.

Voucher discounts are also available, along with free delivery on a minimum purchase of P50. More details can be found at Soundcore’s official Lazada store.

TEFAL SALE ON LAZADA

Handout

The Tefal Cookware Flagship Store joins the Lazada Anniversary Sale on March 27.

Customers can enjoy 55% off Cook ‘N Clean singles, 50% off bakeware and other kitchen items, and up to 50% off spatulas, knives and Ingenio products.

They can also get a free Cook ‘N Clean 20cm frying pan when they purchase a Cook ‘N Clean 30cm frying pan for P1,327; and a free Kitchen Partner Pack with a minimum purchase of P2,000 on cooking items.

More bundles on bakeware and kitchen utensils will be offered until March 29th.

UNIQLO TOP OPENS NEW STORES ACROSS PH

Japanese clothing retailer Uniqlo is welcoming the summer season with new, revamped stores across the Philippines, starting with an upgraded branch in SM Fairview, Quezon City.

In the second quarter of this year, Uniqlo will open stores at SM Cauayan in Isabela and Festive Walk in IloIlo.

Additionally, the brand will move to another area of SM Mall of Asia.

In car racing and in business, keep your weight to a minimum

March 25, 2022 Diana M. Cuyler Motorcycle Business

Mike O’Donnell is a professional director, writer and animator, and a regular opinion contributor.

OPINION: Last weekend the Wellington Car Club held their annual Mt Victoria Hill Climb race in Wellington. Fifty-five cars showed up for the event and 44 finished, including your humble scribe and his daughter in their aging Honda EK9.

Mount Victoria Hill Climb is steeped in history. The club itself is 75 years old and the event has been around since 1959. Town center motorsport events were once common throughout New Zealand, today they are rare.

The other three – the Mt Victoria Hill Climb, the Cemetery Circuit in Wanganui and the Port Nelson Street Race – rely on friendly local councils and very well organized clubs.

The two fastest cars this year were two massively powered Mazda RX7s, but hot on their heels were two Semog cross cars.

READ MORE:* The value of gas-powered cars in an electric world* ‘Blessings and thank you’: The hard workers who brought Wellington back to normality* A historic era of digital warfare during the invasion of Ukraine

Cross cars (or cross karts as they are also called) are a cross between a go-kart and a circuit sprint car, and feature a 750cc motorcycle engine in a super lightweight single-seater frame. They only produce 150 horsepower, but that’s a lot when the cars themselves only weigh around 300 kilograms.

Basically, it gives a power-to-weight ratio akin to dropping a Ferrari V12 in your grandma’s Honda Jazz.

Kevin Stent / Stuff

“Add less weight. In other words, look to reduce your overhead and control your costs,” says Mike O’Donnell.

So they are very fast. The two who blasted Mount Victoria last Sunday left the ground repeatedly as gravity struggled to keep the mechanical roadrunners on the road.

Fifty years ago, Lotus founder Sir Colin Chapman said the secret to making cars fast and nimble was to “add less weight”. Chapman noted that adding power makes you faster on the straights, but slower everywhere else. But subtracting weight makes you faster everywhere – straights, turns and twists.

It’s a timely metaphor because after three years of pandemic-assisted financial ‘right-wing’, Aotearoa is about to have its share of twists and turns.

After seemingly unlimited cheap money – both borrowed money and money given as Covid-19 grants – it’s going to get much more expensive.

After controlling the official exchange rate at 0.25% for three years, there have been three increases in the past six months. And more on the way.

Meanwhile, New Zealand’s number one get-rich-quick scheme (owning a home and seeing the value soar) is now set to drop 10% next year.

Inflation is hovering at 6% (the highest in 30 years) and the ANZ predicts it will reach a staggering 7.4% by the middle of the year. This means that the real value of consumers’ net wages takes a real hit.

As another supermarket shopper pointed out to me last week, it looks like everything in the store went up $2 in a week.

And don’t even mention gasoline, which is expected to hit $4 a liter by the end of the year.

Going back to the fundamentals, this means businesses will feel the effect of consumers having less money to spend in real terms and feeling much less wealthy in their minds with falling house prices.

Leon molded/supplied

A Semog cross car in action during the Mt Victoria Hill Climb race in Wellington.

We will all pay a lot more to service their mortgages. Five-year mortgage rates are already well over 5%. This is going to be a bit of a shock to people who bought a new home for less than 3%.

The other thing businesses will feel is how much they will have to pay just to operate. During Covid, businesses were able to access the Business Finance Guarantee Scheme which lent working capital at rates of around 2.5%, with the government stepping in to cover 80% of the costs if lenders defaulted.

In contrast, last week two companies I work with were notified by their banks that new commercial lending rates had moved north of 10%.

Global bond markets are also starting to price in a recession in the United States due to overly aggressive credit tightening by the US Federal Reserve as it attempts to control inflation.

Put it all together and New Zealand business faces an uncertain few years, with many twists and turns. As ANZ economics ace Sharon Zollner said, the party is over.

In this environment, Chapman’s advice rings true. Add less weight. In other words, seek to reduce your overhead and control your costs.

That’s because in an uncertain world, you simply can’t control your income. You can plan, market, hope and pray. But ultimately, it’s out of your hands.

On the other hand, you can control costs, so that’s where companies need to focus. Reduce fixed costs and eliminate unnecessary variable costs. As part of that, keep an old-fashioned eye on cash flow.

It’s great to have a good business on the right track, but if you can’t pay your monthly bills, you’ll never achieve that success.

My favorite car on the hill climb was a 55-year-old Hillman Imp, driven like an absolute demon by James Sillay. The car was so light that after finishing the race, Sillay simply hoisted it onto the back of a truck and drove home.

In cars as in business, lightness and longevity are directly linked. In the difficult times to come, this will only increase, I think.

Car sales defy Covid-fueled price spike to rise 14%

March 24, 2022 Diana M. Cuyler Motorcycle Price

Economy

Friday, March 25, 2022

Used cars being unloaded from a freighter at the Port of Mombasa. FILE PHOTO | NMG

By JOHN MUTUA
More from this author

Car sales rose 14% last year, defying a record rise in vehicle prices amid a recovery from the economic woes of Covid-19.

Data from the Kenya National Bureau of Statistics (KNBS) shows that the number of newly registered units rose to 107,499 units last year from 94,128 the previous year.

The uptick came in a year when prices for second cars rose as much as 52% due to a combination of factors including expensive units in source markets like Japan, a weakened shilling against the dollar, and supply issues due to coronavirus restrictions.

Expensive cars were expected to dampen demand in an economy that has yet to fully recover from the effects of Covid-19 that triggered layoffs, job cuts and business closures.

This is a recovery from the performance recorded in 2020, when sales fell 16.5% from 109,751 the previous year due to shipping problems caused by the closure of ports in countries like Japan.

“People had been adopting a wait-and-see attitude in 2020 because of Covid, but since last year things have started to pick up and sales are getting back to normal,” Charles Munyori, secretary general of the Kenya Auto Bazaar Association, who represents used car dealerships.

Kenya eased restrictions that were imposed to curb the spread of the coronavirus last year, marking the start of economic recovery as businesses resumed hiring and ended pay cuts, which in turn increased the purchasing power.

Prices of popular Japanese models for 2014 such as Toyota Harrier, Toyota Fielder, Toyota Rav 4, Toyota Premio and Nissan X-Trail have increased by a range between 200,000 and 600,000 shillings since April last year.

Shipments were halted for most of 2020 after source markets like Japan closed ports due to bans on travel and social gatherings, causing shipment delays for months.

The closure has also led to increased shipping costs as shipping companies have raised prices due to limited spaces resulting in record prices for used cars which are popular in Kenya especially with the middle class.

Japanese cars dominate the Kenyan used car market, with over 80% market share.

Motorcycle registrations also rose as the economic recovery took hold in one of the country’s most popular modes of transportation. KNBS data shows motorcycle registrations rose 15% to 285,203 units from 246,705 a year earlier.

Motorbikes are preferred for their ability to avoid traffic jams and low fares in urban centers, which makes them convenient, especially during peak hours on the roads.

[email protected]

Do you remember the German motorcycle brand Zundapp? It’s an e-bike manufacturer now

March 23, 2022 Diana M. Cuyler Motorcycle Brand

Many great motorcycle manufacturers of the past have fallen into oblivion and the abyss of memory. Brands like Vincent, Matchless and, more recently, Victory Motorcycles have all either gone out of business altogether or shrunk so much that they are barely a specification in the motorcycle industry. Other brands like Norton and Benelli have revived with the help of the Chinese, with the latter having great success in doing so.

You may or may not be familiar with Zundapp, a German motorcycle manufacturer founded in 1917. The brand played a major role in moving troops during the war, especially with the KS 750 sidecar, and even had a few models notable streets over the years. who followed. The German brand finally closed in 1984 and has since remained defunct, albeit among enthusiasts and collectors who carry on the company’s legacy through their projects and collections.

Interestingly, however, the brand seems to have made a comeback in the e-bike world. Yes, the Zundapp Z801, its flagship model, is an e-MTB that certainly sounds like fun to ride. Italian motorcycling publication Moto.IT found the bike for sale on several e-commerce platforms with a retail price of 2,099 euros, or about $2,372. However, German retail group Lidl is selling the Z801 for an even lower price of just 899 euros, or around $1,015, less than half the recommended list price, and certainly a bargain.

Now I hear you, e-bikes are surely a far cry from the glorious world of motorcycles, aren’t they? Well, if the future is any indication, it’s that electric is the way to go. In fact, major motorcycle brands such as Yamaha, Ducati, and BMW have gone ahead and introduced their own electric bikes. I might be stepping out on a limb here, but who knows, maybe Zundapp could eventually roll out an electric scooter, or maybe even a full-fledged electric motorcycle?

Looking at things as they are now, the Zundapp Z801 is sure to be a fun ride. It is powered by a 250 W electric motor with pedal assistance and a 480 Wh lithium-ion battery. It offers a range of up to 125 kilometers and fully charges in about five hours. An aluminum frame keeps the bike relatively light, while a combination of kit and drivetrain components from well-known cycling brands such as Shimano, Prowheel and Neco come standard. It even comes with a nifty handlebar-mounted dashboard that lets you toggle the level of pedal assist, see how far you’ve traveled, as well as the status of the bike’s battery.