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Wagyu Wholesale Prices Hit 4-Year Low as Consumer Demand Stagnates - Wagyu beef prices are struggling due to sluggish sales, especially as it is considered a luxury item amid rising inflation.    - Some supermarkets have stopped carrying Wagyu as consumer interest wanes. The wholesale price of Wagyu has dropped to its lowest level since June 2020, when demand was hindered by the COVID-19 pandemic. - The primary factor behind the current price slump is weak consumer demand. A woman in her 50s from Kawaguchi, Saitama Prefecture, noted that Wagyu is no longer affordable, citing prices of ¥1,100 per 100 grams. - Despite low demand, production continues to rise. According to the Ministry of Agriculture, Forestry, and Fisheries' "Meat Distribution Statistics," the number of Wagyu cattle processed in June was 41,679, a 3% increase from the same month last year, marking the 18th consecutive month of year-on-year growth. - Farmers are focusing on producing Wagyu, which can still fetch high prices, despite elevated costs for feed and other inputs. - Beef exports, bolstered by the yen's depreciation, are thriving. From January to June, exports reached 4,172 tons, up 11% from the same period last year, setting a new record for the first half of the year. Most of these exports are Wagyu, with diversified promotions in Asia, the U.S., and Europe broadening its consumer base. #JapanNewsToday Source: Nikkei https://lnkd.in/gezeMqyk

Hong Kong Maxim's Group has implemented a cloud-first strategy to embrace the data-driven decision-making trend with the help of Oracle #cloud. Read the full story https://lnkd.in/gZDpyTpz

Hyatt Selects Oracle OPERA Cloud as Property Management System for its Global Properties by Dayang Norazhar via The Malaysian Reserve ([Global] oracle cloud) URL: https://ift.tt/lJHGKVb Leading hotel brand to centralize its operations and data on the secure Oracle Hospitality Cloud platform AUSTIN, Texas, Sept. 17, 2024 /PRNewswire/ — Hyatt (NYSE: H) has chosen the Oracle OPERA Cloud hospitality platform as the property management system (PMS) for its global hotel portfolio. With OPERA Cloud, Hyatt properties will be able to standardize its operations and data management across more than 1,000 hotels and all-inclusive properties. With a modern data platform delivering a common user interface and processes across its properties, Hyatt colleagues will have the insights to operate more efficiently and provide an improved, more consistent experience for its guests, members and customers. “As one of the world’s top hospitality companies, Hyatt is committed to caring for people so they can be their best,” said Cameron Hammond, Senior Vice President of Global Field Technology Services at Hyatt. “In today’s evolving environment, technology plays a critical role in empowering our colleagues so they can continue to deliver unforgettable experiences to our guests. By moving to OPERA Cloud and extending our long-standing collaboration with Oracle, we will be able to provide our operators and colleagues with a modern, secure platform to deliver better data insights and elevate their roles with more ease and efficiency.” Built on the high performance and security of Oracle Cloud Infrastructure (OCI), OPERA Cloud PMS will help centralize data at Hyatt’s global properties for better insights and operational planning, from a holistic perspective down to the individual property level. Hyatt will also benefit from having a better view into the unique preferences of its guests across properties they stay at to deliver more personalized touchpoints over time. With the ability to use OPERA Cloud on mobile devices, colleagues will also have the flexibility to help guests from anywhere and at any time.  “With OPERA Cloud as the secure data and service foundation of its operations, Hyatt will be able to scale its portfolio while providing owners, operators and colleagues the tools they need to deliver exceptional guest experiences,” said Alex Alt, executive vice president and general manager of Oracle Hospitality and Retail. “Moving to the cloud with Oracle will enable Hyatt to unlock a new level of flexibility and service when it comes to innovating with speed and agility to adapt to the unique needs and expectations of each guest, property, and market they serve.” Leveraging the Oracle Hospitality Integration Platform (OHIP), participating Hyatt properties and their leaders can quickly innovate and customize the operations of their property by ‘plugging-in’ new capabilities from more than 1,000 pre-integrated business and customer...

TikTok disputes US claims on China ties in court appeal by Reuters via Free Malaysia Today ([Global] oracle cloud) URL: https://ift.tt/dcJvtUb TikTok, which has sued to overturn the forced sale or ban ruling, claimed that the Justice Department made factual errors in the case. (Unsplash pic) WASHINGTON: TikTok told a federal appeals court on Thursday that the US Department of Justice has misstated the social media app’s ties to China, urging the court to overturn a law requiring China-based ByteDance to sell TikTok’s US assets or face a ban. TikTok, which has sued to overturn the law, said the Justice Department has made factual errors in the case. The department’s lawyers said last month that the app poses a national security risk by allowing the Chinese government to collect the data of Americans and covertly manipulate what content they see. TikTok said on Thursday it is undisputed that the app’s content recommendation engine and user data are stored in the US on cloud servers operated by Oracle and that content moderation decisions that affect US users are made in the US. Signed by President Joe Biden on April 24, the law gives ByteDance until Jan 19 to sell TikTok or face a ban. The White House says it wants to see Chinese-based ownership ended on national security grounds, but not a ban on TikTok. The appeals court will hold oral arguments on the legal challenge on Sept 16, putting the issue of TikTok’s fate into the final weeks of the Nov 5 presidential election. Republican presidential candidate Donald Trump has joined TikTok and said in June he would never support a TikTok ban. Vice President Kamala Harris, the Democratic presidential candidate, joined TikTok in July and leaned in to social media as part of her campaign strategy. TikTok argued on Thursday that the law would strip the company of its free-speech rights, arguing against the Justice Department’s claim that the short video app’s content curation decisions are “the speech of a foreigner” and not protected by the US Constitution. “By the government’s logic, a US newspaper that republishes the content of a foreign publication – Reuters, for example – would lack constitutional protection,” the company said. The law prohibits app stores like Apple, and Alphabet’s Google, from offering TikTok and bars internet hosting services from supporting TikTok unless it is divested by ByteDance. Driven by worries among US lawmakers that China could access data on Americans or spy on them with the app, Congress overwhelmingly passed the measure just weeks after it was introduced. https://ift.tt/lpf6XTN

TikTok disputes US claims on China ties in court appeal by Reuters via Free Malaysia Today ([Global] oracle cloud) URL: https://ift.tt/dcJvtUb TikTok, which has sued to overturn the forced sale or ban ruling, claimed that the Justice Department made factual errors in the case. (Unsplash pic) WASHINGTON: TikTok told a federal appeals court on Thursday that the US Department of Justice has misstated the social media app’s ties to China, urging the court to overturn a law requiring China-based ByteDance to sell TikTok’s US assets or face a ban. TikTok, which has sued to overturn the law, said the Justice Department has made factual errors in the case. The department’s lawyers said last month that the app poses a national security risk by allowing the Chinese government to collect the data of Americans and covertly manipulate what content they see. TikTok said on Thursday it is undisputed that the app’s content recommendation engine and user data are stored in the US on cloud servers operated by Oracle and that content moderation decisions that affect US users are made in the US. Signed by President Joe Biden on April 24, the law gives ByteDance until Jan 19 to sell TikTok or face a ban. The White House says it wants to see Chinese-based ownership ended on national security grounds, but not a ban on TikTok. The appeals court will hold oral arguments on the legal challenge on Sept 16, putting the issue of TikTok’s fate into the final weeks of the Nov 5 presidential election. Republican presidential candidate Donald Trump has joined TikTok and said in June he would never support a TikTok ban. Vice President Kamala Harris, the Democratic presidential candidate, joined TikTok in July and leaned in to social media as part of her campaign strategy. TikTok argued on Thursday that the law would strip the company of its free-speech rights, arguing against the Justice Department’s claim that the short video app’s content curation decisions are “the speech of a foreigner” and not protected by the US Constitution. “By the government’s logic, a US newspaper that republishes the content of a foreign publication – Reuters, for example – would lack constitutional protection,” the company said. The law prohibits app stores like Apple, and Alphabet’s Google, from offering TikTok and bars internet hosting services from supporting TikTok unless it is divested by ByteDance. Driven by worries among US lawmakers that China could access data on Americans or spy on them with the app, Congress overwhelmingly passed the measure just weeks after it was introduced. https://ift.tt/lpf6XTN