Airpark Business News: December

Wilde group helps 800 childrenWilde Wealth Management Group — which is headquartered in Scottsdale and has offices in Tempe, Glendale, Payson, Sedona and Tucson — has contributed to a “merry and bright” holiday season for more than 800 children in need with a donation of 350 toys and $5,000 in additional cash donations to Boys & Girls Clubs of the Valley in December. This is Wilde’s 20th year supporting a local organization during the holiday season, and this annual tradition is in addition to the firm’s bi-monthly fundraising and volunteer programs for nonprofits across Arizona through its Wilde for Arizona Community Outreach Program.

Boys & Girls Clubs of the Valley offers affordable after-school and summer programs for 16,000-plus young people in grades kindergarten to 12th grade. At 30 clubs across the Valley, the organization provides award-winning programs designed to change the lives of young people.“Wilde for Arizona is our commitment to operating as servant leaders across Arizona while as financial leaders for our clients and within our industry,” said Trevor Wilde, Wilde Wealth Management Group chief executive officer. “Through Wilde for Arizona, we empower our team to work together and on their own with our support to be active members of the communities where we all work and live.”From sponsoring local sports teams to organizing fundraising events for nonprofits in need or donating to causes “near and dear,” Wilde Wealth Management makes a difference in the lives of people across Arizona in many ways. In addition to Boys & Girls Clubs of the Valley, the organization actively supports Child Crisis Arizona, Junior Achievement of Arizona, Phoenix Children’s Hospital, Free Arts for Abused Children, Sunshine Acres and Chrysalis. Info: wildewealth.com.Mr. Pickle’s earns more accoladesMr. Pickle’s Sandwich Shop — headquartered in the Scottsdale Airpark and has locations across Scottsdale, Surprise, Chandler, Queen Creek and Laveen — was named among Restaurant Business’ “Future 50” for the first time, earning the No. 31 spot nationwide. The Future 50 ranks up-and-coming restaurant chains across the United States based on systemwide sales and responsible growth.The honor comes on the heels of one of the brand’s biggest years. Earlier in 2024, Mr. Pickle’s was named among the Top 100 Movers & Shakers in the United States by Fast Casual, earning the No. 66 spot, just as it expanded its footprint to Los Angeles, opening a location in Pasadena this past summer. The brand also has plans to expand further across Arizona in the next 12 months, notably with a store on Ahwatukee set to open in early 2025.Since 1995, Mr. Pickle’s has been a premier sandwich shop specializing in innovative and crave-worthy sandwiches and catering. In 2023, Mr. Pickle’s formally expanded to Arizona after restaurant veteran Mike Nelson purchased the brand, swiftly opening locations across Maricopa County and eyeing national expansion in the years to come. Over the past three years, Nelson has increased same-store sales by 62%. In 2023, Mr. Pickle’s Sandwich Shop added seven units, representing an annual increase of 13%. It also a major investment in its entire tech stack and worked through Paytronix dispatch platform. A substantial percentage of its 2023 growth came through this avenue, which provided a better value to customers and a more profitable transaction for franchisees vs. third-party delivery.

Info: mrpickles.comChasse lends a hand for the holidaysChasse Building Team, an employee-owned and -operated general contractor founded by Airpark business leader Barry Chasse, kicked off the holiday season early for CHASSE-giving, an annual giving event wherein employees volunteer together to help the local community. This year, more than 80 local team members and partners participated, making the organization’s biggest success to date. Altogether, the team put together 2,200-holiday meal boxes for local families’ Thanksgiving celebrations.Each meal box contained pumpkin pies, a slew of traditional holiday side dishes, and other surprises. The team has assembled and donated approximately 7,000 meal boxes since founding the event in 2021.   “Chasse Building Team is proud to partner with school districts — including those across Scottsdale and the North Valley, to provide Thanksgiving boxes directly to families in need,” said Taylor Perkins of Chasse Building Team. “The boxes will be available at designated pickup points in partnership with school districts. This way, with the district’s help, we are ensuring they are getting into the right hands. As a construction company specializing in K-12 education, we’re passionate about building strong relationships within the education community. Having partnered with over 50 school districts and education organizations, we are driven to create meaningful programs that make a difference for students and their families.”According to Perkins, this marks Chasse’s fourth year partnering with local school districts on this program, which is just one of the company’s many giving initiatives across the state. The award-winning general contractor has supported over 100 organizations throughout Arizona, contributing more than $4.5 million through fundraising, donations, and sponsorships. Additionally, Chasse collectively volunteers an average of 4,000 hours annually through companywide and individual efforts.“Our family at Chasse is focused on literally helping to build Arizona via sustainable, responsible projects that run the gamut from schools and retail centers to nonprofit campuses and multi-family housing projects,” Perkins said. “This is also our home, and we want to build up the people and families across our community, too. We must maximize our ability to make a positive difference in the community we serve.”The team nearly doubled its donation this year thanks in part to long-time friends, colleagues, helping hands, and partners at Steel Masters, Rikoshea Contracting, HJD Construction, Nunez Contracting and Techniprint. Info: chasse.us  

SAA says business will operate at full capacity on Sunday

JOHANNESBURG – South African Airways (SAA) says business will operate at full capacity on Sunday.After a lengthy negotiation, the airline has reached a conditional agreement with its pilots.
ALSO READ: SAA pilots back in the air after suspension of two-day strike
SAA pilots, demanding a 15,7% wage increase and better working conditions, downed tools on Thursday.
SAA spokesperson Vilma Maistry says that while pilots return to work on Saturday, negotiations will continue over the next eight weeks.
“South African Airways is pleased to announce that the pilot strike which began two days ago has been suspended with a resolution by management to offer SAA pilots an additional one per cent salary increase resulting in a total salary increase of 9,47%.”

Tales from the Coffeeshop: Martyrdom a family business

ODYSSEAS’ employment at the Michaelides family business, also known as the public service, may have been unjustly terminated but I am thrilled to see that his equally unhinged sister, Thoktor Anastasia Michaelidou-Kamenou is now flying the family flag.I read in the family’s mouthpiece Phil, that Ody’s sister, who entered the public service through the backdoor on one of the highest pay grades and a few months ago was promoted to an even higher paid position, has been claiming she was being persecuted and had been the victim of workplace intimidation and vindictiveness for her adherence to the law.

The person allegedly persecuting the sister was the under-secretary to the president Irini Piki, who was accused by the lawyer of the victim of unauthorised interference in the work of his client. The good thoktor, as head of the Associations’ Registry, had struck off a private school from the registry she believed was illegally operating as an association.

Piki had demanded explanations for this decision, as had the director of the interior minister’s office, according to the lawyer. Piki was accused of intervening in favour of the private school, which was owned by a personal friend of Prezniktwo, but the uncompromising sister refused to budge, insisting on the implementation of the law.

Like her bro, she attained martyrdom, for what her lawyer described as “her devotion to the law and her duties deriving for the law.” She was moved from her position as head of the registry, and replaced by a second cousin of Prezniktwo.

THE PERSECUTION of Odysseas’ family by Prezniktwo, who in rusfetology is the true heir of Spy Kyp, did not end there. According to the lawyer’s letter, published by Phil, Thoktor Kamenou’s daughter, Chara, who is an employee at the family business, for which her grandfather also worked, was the victim of a punitive transfer.

Chara, who was in charge of the maintenance branch of the town planning and housing department at the interior minister was notified that she would be transferred to another post last month, wrote family lawyer Michalis Paraskevas.

While responsible for work on listed buildings in Nicosia and Paphos districts, the niece was sidelined as regards work being done to the listed part of the presidential palace. This responsibility was given to the woman in charge of the Limassol district, whom Paraskevas claimed is a relative of the First Lady of Kyproulla.

“The position of my client,” said Paraskevas, “is that the transfer and events I will list below, constitute a coordinated attempt at persecution that is linked directly to the brother of my client.” It did not occur to Thoktor Kamenou that she and her daughter may have been transferred because they were not performing their duties adequately.

When blood relatives of Odysseas are transferred there is no doubt they are being victimised – the clan is fast becoming a family of martyrs in their own family business.

INEVITABLY, the holier than thou Odysseas had to tweet his views about this “picture of persecution and vindictiveness,” and ask “is this the Cyprus that we deserve?”

In his tweet, he had to go on about the prez appointing his relatives to posts vacated by his sister and niece, implying this was a blatant case of rusfeti. He had not shown the same sensitivity about rusfeti when his sister entered the civil service through the back door and was a few months ago given a promotion that nobody thought she deserved.

When his sister was the beneficiary of rusfeti, it was the Cyprus we deserved, but when she became the victim of rusfeti it is the Cyprus we do not deserve. Has he not heard that those that rise by rusfeti might fall by rusfeti.

AFTER making a big fuss about his pension, claiming that the prez and the AG wanted to obliterate him financially by depriving him of his pension, Odysseas managed to intimidate them into paying it.

Although he was not entitled to a pension because he was sacked, AG Giorgos Savvides, through an imaginative interpretation of the law and citing similar cases, decided he would be paid his full pension. Prezniktwo, terrified of the negative publicity he would face, had ruled long before the AG reached his decision, announced on Friday, that Odysseas would not be deprived of his pension rights. 

Nothing was said about his retirement bonus, which Odysseas was also claiming, even if in effect it would be a sacking bonus. If he raises a big enough fuss in Phil I am sure that will be paid as well.

Needless to say that if he were still auditor-general he would have lambasted the AG for unlawfully allowing a full pension to be paid to a public employee who had been sacked.

Telling them what they want to hear: prezniktwo at one of many speaking engagements this weekOUR PREZ’S delusions of grandeur are now completely out of control. Whereas in the previous week he announced that he was working on Kyproulla joining Nato, even though he knows this will never happen so long as Turkey has the power of veto, this week he was showing off about the amazing strengthening of our defence capabilities.

His Foreign Minister Constantinos Kombos, acting as the only grown-up in the government, cut his boss down to size. “There is a huge distance to travel from the slogan to the effort to implement the idea,” he said. Was he accusing our prez of resorting to slogans? Surely not.

Defence Minister Vassilis Palmas was fully in synch with the government message about the strengthening of the armed forces combat capabilities and the bolstering of our deterrent strength. The government also leaked information that it was in the process of upgrading its air defences system.

But when asked about the matter, the Prez, Palmas and Mini Me declared that “there is absolutely nothing to say” on issues of defence. Why do they leak the information if they do not want to talk about it? Is it because the prez wants to create the impression that apart from a diplomatic powerhouse we are on the way to becoming a military power as well, without actually spelling it out?

He spoke on Thursday about the strengthening of the National Guard and “the reinforcing of the deterrent power of Kyproulla” through the upgrading of our defence systems.

We might be investing in new defence systems, but soon we might not have the soldiers to operate them. Politis reported on Monday that in the last years an increase in the number of contract soldiers quitting the army has been recorded, while interest in joining it on contracts has declined.

The government is now planning on increasing pay and offering more incentives to privates in the hope that we do not end up with advanced defence systems with nobody to operate them.

IN ONE of the speeches he made in the last week, Prezniktwo spoke about his initiative on climate change in the eastern Mediterranean and the Middle East, which has still to move beyond the realm of rhetoric. In another speech he said that the promotion of the country as a centre (not regional) of research and innovation was very high on the government’s list of priorities.

And in a speech at a book launch he boasted that he had given a “new push to the Cyprus problem and after many years there is a new movement, a movement that we hope will lead to a resumption of the talks.” It is a great skill of the prez he manages to tell every audience he makes a speech to something they want to hear, even if he will forget as soon as he leaves the auditorium.

TELEPHONE statesmanship is another of his skills. And after every telephone call he makes, Mini Me issues a statement to inform the public that our prez is also dealing with world affairs.

Last week he spoke on the phone to Donal Trump, congratulating him on his election and informing him, according to Mini Me, of “his intention to closely cooperate for the further tightening of relations between the two countries.” Unfortunately, we were not informed what Trump said.

On Wednesday evening, he said, he had “a number of telephone communications with leaders of neighbouring states about current developments on how to face this new challenge (Syria), which yes, is worrying.” When he goes to Brussels he will take “some specific messages about the need for the existence of a collective reaction by the international community.”

And the following day, he had a telephone conversation with the president of the United Arab Emirates with whom he agreed about the “need of undertaking initiatives and actions that could contribute to the de-escalation of the crisis.”

Under the statesmanship of Prezniktwo, Kyproulla, has taken a big role in world affairs, a role totally disproportionate to its tiny size.  

Business News | PM Modi to Take Part in Investment Summit in Rajasthan, Launch LIC Bima Sakhi Yojana from Haryana Tomorrow

New Delhi [India], December 8 (ANI): Prime Minister Narendra Modi is set to visit Rajasthan and Haryana on Monday. As per a statement from the Prime Minister’s Office, PM Modi will first travel to Jaipur first where he will inaugurate the Rising Rajasthan Global Investment Summit 2024 at Jaipur Exhibition and Convention Centre (JECC). Also Read | Jabalpur Shocker: Fed Up Over Constant Harassment, 2 Security Guards Kill Man With Iron Rod, Burn His Body With Petrol and Set Printing Press on Fire To Destroy Evidence; Arrested.The theme of the Investment Summit to be held during December 9-10 is “Replete, Responsible, Ready”. The Summit will host 12 sectoral thematic sessions on the themes of water security, sustainable mining, sustainable finance, inclusive tourism, agri-business innovations and women-led Startups among others. Eight country sessions will also be held during the Summit with participating countries on the themes like ‘Water Management for Livable Cities’, ‘versatility of Industries- manufacturing and beyond’ and ‘Trade and Tourism.’Also Read | George Jacob Koovakad Elevated to Rank of Cardonal: PM Narendra Modi Extends Best Wishes to First Indian Catholic Priest To Be Elevated to Cardinal at St. Peter’s Basilica in Vatican.Pravasi Rajasthani Conclave and MSME Conclave will also be held in three days. The Rajasthan Global Business Expo will feature thematic pavilions such as the Rajasthan Pavilion, Country Pavilions, Startups Pavilion among others. Over 32 countries, including 16 partner countries and 20 international organizations will participate in the Summit.Thereafter, Prime Minister will travel to Panipat in Haryana, where he will launch LIC’s Bima Sakhi Yojana and lay the foundation stone of the Main campus of Maharana Pratap Horticultural University.In line with his commitment to women empowerment and financial inclusion, Prime Minister will launch ‘Bima Sakhi Yojana’ in Panipat. .This initiative of Life Insurance Corporation of India (LIC) is designed to empower women aged 18-70 years, who are Class X pass. They will receive specialized training and a stipend for the first three years to promote financial literacy and insurance awareness. After training, they can serve as LIC agents and the graduate Bima Sakhis would have the opportunity to qualify for being considered for Development Officer roles in LIC.Prime Minister will also distribute appointment Certificates to prospective Bima Sakhis.During the programme, Prime Minister will also lay the foundation stone of the Main campus of Maharana Pratap Horticultural University, Karnal. The main campus and six regional research stations, spread over 495 acres, will be established at a cost of over Rs 700 crore. The University will have one College of Horticulture for Graduate and Post-Graduate studies and five schools covering 10 horticulture disciplines. It will work towards crop diversification and world class research for development of horticulture technologies. (ANI)(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

Konkola Copper Mines Relaunches Konkola Business Unit Operations with $700 Million Investment

Konkola Copper Mines (KCM) has officially relaunched its Konkola Business Unit operations in Chililabombwe, marking a significant milestone in its commitment to revitalizing the mine. Over the next five years, KCM plans to invest approximately $700 million to unlock the full potential of the Konkola Mine.
During the relaunch event, KCM Chief Operating Officer (COO) Malcolm Mewett highlighted that the Konkola Mine in Chililabombwe will receive over half of the $1 billion investment pledged by Vedanta Resources Limited for KCM’s overall growth in the coming years.
The Konkola Mine is home to the Konkola Deep Mine Project (KDMP), which boasts one of the world’s largest high-grade copper ore bodies. Mr. Mewett emphasized that the planned $700 million investment in underground developments at Konkola Mine will unlock vast copper resources and significantly boost copper production.
“This investment will enable us to achieve our target of producing 300,000 tonnes of copper per annum and contribute significantly to the Government’s vision of reaching three million tonnes of annual copper production within the next five years,” Mr. Mewett stated.
He further underscored KCM’s pivotal role in Zambia’s economic growth and reaffirmed the company’s alignment with national strategic objectives for the mining sector.
Representing the KCM Director of Mining, Konkola General Manager Cornelius Chimbanga reaffirmed the mine’s status as the cornerstone of KCM operations. He stressed the importance of targeted investments in enhancing the mine’s contribution to Zambia’s GDP while highlighting KCM’s commitment to sustainable and profitable growth in the region.

Samvardhana Motherson targets more Japanese OEM business with Atsumitec buyout

The Motherson Group, one of India’s and the world’s leading specialised automotive component manufacturers, through Samvardhana Motherson International Ltd (SAMIL) has announced plans to acquire Atsumitec Co of Japan for $57 million (Rs 475 crore).

Founded in 1949, Atsumitec has core capabilities in metal and machining business primarily manufacturing gear-shifters, chassis and transmission components for four-wheelers and two-wheelers. Atsumitec has direct and indirect subsidiaries in Thailand, Hong-Kong, USA, Vietnam, China, Japan and Indonesia.

The Japanese supplier, which has nine facilities across developed and emerging markets with around 3,400 employees, is a key supplier to Japanese OEMs including Honda Motor, Toyota, Mitsubishi, Suzuki and Daihatsu.

Following the completion of the acquisition by SAMIL, Honda Motor’s stake will stand reduced to five percent (visual: Motherson Group presentation).

At present, Honda Motor has a 48.01% equity stake in Atsumitec, with the remaining 51.99% held by the founding family, management, current and former employees, and business partners. As of December 6, 2024, SAMIL’s SPC has already procured 31.75% stake from other shareholders out of the 51.99 percent. While SAMIL will hold at least 48% shareholding and reconstitute the board of Atsumitec by Q4 FY2025, the acquisition is expected to be completed by Q1 FY2026.  

Following the completion of the acquisition by SAMIL, Honda Motor’s stake will stand reduced to five percent. In FY2024, Atsumitec recorded a turnover of around 62 billion Japanese yen (US$ 412 million / Rs 3,432 crore).

Atsumitec will enable SAMIL to diversify its product portfolio with entry into new product lines like chassis and transmission parts for two- and four-wheelers as also entry into new markets like Vietnam (for two-wheelers).

Motherson’s 3CX strategy behind acquisition The proposed acquisition is in line with the Motherson Group’s three-pronged 3CX strategy which will enable entry into new product lines, further diversification of clientele base with Japanese automakers, and entry and expansion into new markets.

Atsumitec will enable SAMIL to diversify its product portfolio with entry into new product lines like chassis and transmission parts for two- and four-wheelers as also entry into new markets like Vietnam (for two-wheelers).

The Motherson Group foresees potential cross-selling opportunities of its existing product portfolio to Japanese OEMs. Its strategic goal behind acquiring Atsumitec is mainly to expand its share of business with Japanese OEMs, which account for over 25% of global passenger vehicle production. It also aims to achieve further growth and expansion in the metal business through access to the Japanese major’s global metal and machining capabilities, which will complement SAMIL’s existing footprint for the same in India and Mexico. Atsumitec’s in-house global machining capabilities include high value add processes such as heat treatment, carburizing, grinding and broaching.

Lead image: Atsumitec Co of Japan

ALSO READ: Samvardhana Motherson to acquire 11% stake in electric tech company REE Automotive

Samvardhana Motherson’s Q2 profit soars 273% on strong segment performance

Shots fired inside of a business in Whitehall

WHITEHALL, Pa. – Shots were fired inside of a business in Whitehall on Saturday night.Calls came in just after 6:00 p.m. The incident appeared to happen inside Loco Hot Deals on MacArthur Road. #placement_730101_0_i{width:100%;margin:0 auto;}This is a developing story, and 69 News is working to gather more information as it is released. Stick with 69 News on air and online for the latest details. 
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Labor lacking business nous

OpinionReaders’ letters on Treasurer Jim Chalmers, the state of the economy, Labor’s stance on Israel, the Melbourne arson attack and payroll tax.Dec 8, 2024 – 3.31pmSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?

911 service out for some Verizon customers, JPD says call business line at (907) 500-0600 if necessary

Some Verizon mobile phone customers are having connectivity issues when trying to call 911, the Juneau Police Department announced Saturday afternoon. People needing emergency assistance who are unable to connect are asked to call JPD’s business line at (907) 500-0600, ext. 1.
“Verizon is currently working to restore full service, but the timeline for full restoration is unknown,” JPD announced in a statement. “Verizon based customers can still dial 911 in some instances, however, to ensure your phone call gets through to a Public Safety Dispatcher, please use JPD’s business line.”