Latest news with #DPF
Cision Canada
3 days ago
- Business
- Cision Canada
DR. PHONE FIX ENTERS INTO NATIONAL REPAIR AGREEMENT WITH LIKEWIZE, A GLOBAL INSURANCE PROVIDER FOR DEVICE PROTECTION
/NOT FOR DISTRIBUTION IN THE USA./ TORONTO, June 18, 2025 /CNW/ - Dr. Phone Fix Canada Corporation ("Dr. Phone Fix" or "Company")(TSXV: DPF) announced today that it has entered into a national repair agreement with Likewize, a global leader in device protection and insurance, operating in over 30 countries. Dr. Phone Fix is recognized by the Financial Times as one of North America's fastest-growing companies, with 35 locations in 23 cities across four provinces. Under the agreement, Canadians who are insured by Likewize and have a broken or damaged phone can now have it repaired at any Dr. Phone Fix store. "Canadians break as many as 600 phones per hour, and when that happens, they're disconnected from banking, entertainment, communication, and more," said Dr. Phone Fix CEO, Piyush Sawhney. "If they've insured their device through Likewize, they can now have it repaired by any Dr. Phone Fix store near them — a Canadian industry leader known for fast, trustworthy, reliable service." Likewize Canadian President, Ron Cihocki commented, "This agreement is an exciting step forward in our mission to make every tech problem painless. By adding Dr. Phone Fix locations to our repair network, we're making it easier and more convenient than ever for customers to get their phones fixed and back online." Sawhney added, "In just six years since we opened our first store, we've repaired tens of thousands of devices and built a reputation we're proud of. More than 29,000 customers have left positive online reviews, praising our knowledgeable and friendly technicians, our strong parts supply chain, and our ability to complete most repairs in less than an hour." About Likewize Founded in 1997 and headquartered in Dallas, TX, Likewize operates in 30 countries and is trusted by many of the world's largest brands, including telecoms, financial institutions, and retailers. The company manages over 250 million device issues annually and provides a comprehensive range of services, including warranties, repairs, upgrades, and premium technical support. For more information visit About Dr. Phone Fix DPF is an award-winning, eco-friendly, customer-centric growth leader in Canada's cell phone and electronics repair and pre-owned resale industry. Founded in 2019, DPF operates a nationwide network of 35 corporately owned cell phone and electronics repair stores. In addition to its repair services, DPF sells certified pre-owned devices and a wide selection of accessories. DPF has well-established networks to acquire and resell a wide variety of used and refurbished electronic devices from certified vendors. Dr. Phone Fix is traded on the TSX Venture Exchange under the symbol "DPF" For more information visit NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Cautionary Statement Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: "intend", "believe", "estimate", "expect", "may", "will" and similar references to future periods. Examples of forward-looking information include, among others, the future plans of the Company, the expected trading date of the Resulting Issuer Shares on the TSXV, as well as information relating to the Company. Although the Company believes that, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks (i) that the future plans of the Company may differ from those that currently are contemplated; and (ii) that the expected trading date of the Resulting Issuer Shares may change. Additional risks include those disclosed in the Filing Statement, which are incorporated herein by reference and are available through SEDAR at The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
Egypt Independent
14-06-2025
- Business
- Egypt Independent
Al-Mashat discusses economic and investment ties with UK ambassador
Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat met with British Ambassador to Egypt Gareth Bayley to discuss ways to boost economic and investment relations and diversify financing mechanisms from British financial institutions for the private sector. The meeting focused on ongoing cooperation between the two countries in the field of sustainable green transformation. Mashat highlighted the strong economic ties between Egypt and the United Kingdom, both at the governmental level and in terms of private sector relations with British financial institutions. She emphasized Egypt's commitment to further developing bilateral relations across various sectors. Regarding the Development Policy Financing (DPF) program, Mashat commended the UK's role in supporting Egypt's structural reforms through the program, which is being implemented in partnership with the World Bank. She also discussed cooperation under Egypt's national platform for the 'NWFE' program, which aims to drive climate investments in water, food, energy, and sustainable transport, in addition to preparations for the COP30 climate conference scheduled to be held in Brazil. On empowering the private sector, Mashat noted that the UK has played an active role in launching the 'Hafez' platform, which enhances financial and technical support for both local and foreign private sector entities. The platform offers a range of initiatives and programs, including the Climate Finance Accelerator (CFA) and the A2D program, which supports clean energy research and development. Mashat pointed out that trade relations between Egypt and the UK have grown significantly in recent years, as reflected in trade figures. 'Bilateral trade reached approximately £4.7 billion in 2024, indicating the strength of the economic partnership,' according to her. She highlighted that Egypt is now the 48th largest trading partner of the UK globally and that the UK ranks as one of Egypt's largest foreign investors. On expanding the scope of British financial institutions' programs, the two sides discussed broadening the partnership in developmental cooperation programs and diversifying innovative financing sources for both public and private sectors, including mechanisms to finance small and medium-sized enterprises (SMEs). Mashat invited the British ambassador to participate in an upcoming conference on development financing for private sector empowerment, organized by the Ministry of Planning, Economic Development and International Cooperation on Sunday. The Egyptian-British relationship is multifaceted, with many British companies investing in Egypt. In 2020, the Egyptian planning ministry and the UK's Department for International Development issued a joint statement to strengthen economic ties between the two countries as part of the UK-Africa Investment Summit. British financial institutions, including the British International Investment (BII), UK Export Finance, the British-Egyptian Business Association (BEBA) and the Egyptian-British Chamber of Commerce, have previously participated in the ministry's 'Strengthening Engagement with the Business Community for Innovation and Development' meetings, aimed at deepening relations between private sector companies and financial institutions. BII's investments in Egypt currently total $850 million across more than 70 companies.
The Citizen
12-06-2025
- Business
- The Citizen
R26 billion rescue from World Bank: Can the loan save Eskom and Transnet?
The bulk of this funding will be directed toward reviving Eskom and Transnet. South Africa's energy and logistics sectors are struggling under the weight of neglect and mismanagement, unable to deliver their full potential. Years of poor maintenance and underinvestment have left critical infrastructure in a state of disrepair, rendering two of the country's most vital systems sources of national frustration. The National Treasury requested support from the World Bank to restore former glory in these sectors. Earlier this week, the World Bank announced it has approved a $1.5 billion (approximately R26.5 billion) loan. The bulk of this funding will be directed toward reviving Eskom and Transnet. This assistance is provided through the bank's Development Policy Financing (DPF), which provides non-earmarked funds for development policy operations (DPO). ALSO READ: 'Sad situation': Eskom warns growing municipal debt seriously risks its sustainability How will the loan help? The World Bank said the loan will contribute to inclusive growth and job creation in the country. The World Bank offers DPOs to help governments achieve sustainable development through a programme of policy changes and institutional actions, such as improving the investment climate, addressing bottlenecks to enhance service delivery, diversifying the economy, and strengthening public financial management. 'South Africa faces a deepening jobs and growth crisis. Structural barriers, including weak governance, limited competition, and skills shortages, have slowed progress. Infrastructure services have declined: in 2023, power outages cut GDP by 2% and cost 500 000 jobs, while rail and port inefficiencies reduced exports by around 20%.' Loan to support Eskom A portion of the loan will support the government's objective to provide a reliable, affordable, and sustainable electricity supply for South Africans by making the power sector more efficient and competitive. 'The primary goal is to transition from a single, state-owned monopoly [Eskom] to a more open and competitive electricity market, where various providers can generate, transmit, and distribute power more efficiently. 'This transformation is critical, following years of electricity shortages and load shedding, which peaked in 2023, severely affecting the economy and people's lives,' said the World Bank. ALSO READ: Government delivers R51 billion support to Transnet. Will it last? Loan to support Transnet The objective of the freight transport sector reforms is to support the government's efforts to transform the sector's structure from a public monopoly to a competitive market. At the heart of the reform is the unbundling of the struggling Transnet. 'To build the legal and institutional foundations required for transforming the sector, the authorities have focused their attention on: establishing an independent transport economic regulator to ensure fair and open access to private operators, and unbundling Transnet to allow for train operators to enter the market. 'These two reforms are required to create a level playing field between Transnet and potential private operators, paving the way for more efficient, affordable, and climate-resilient transport services.' Transnet's potential The World Bank noted that the reforms aim to increase rail network capacity from 25% in 2023 to 65% by 2027, enabling the entry of at least four private operators. 'Just transition measures are expected to mobilise $750 million in grants and provide jobs for nearly 10,000 workers, including women, in communities affected by the energy transition. 'Together, these reforms could boost short-term GDP growth by 1% and 2–3% over the medium term, with up to 250 000 jobs created by 2027 and 500 000 by the early 2030s.' NOW READ: Medium-term budget: Finance Minister Enoch Godongwana's debt warning
Business Wire
11-06-2025
- Business
- Business Wire
Arrcus Delivers Unprecedented Cloud-scale Networking and Operational Simplicity With NVIDIA DOCA Platform Framework
PARIS--(BUSINESS WIRE)--Arrcus, the hyperscale networking software company and a leader in core, edge, and multi-cloud routing and switching infrastructure, today announced its integration with the NVIDIA DOCA Platform Framework (DPF), enabling containerized networking services on NVIDIA BlueField-3 DPUs to be seamlessly deployed, managed, and scaled within Kubernetes environments. Built for cloud-native data centers, NVIDIA DPF simplifies the lifecycle management of software components on BlueField and provides an open, extensible framework for deploying services such as ArcOS. The combination of ArcOS with DPF enables network operators to run a full-featured, high-performance routing stack directly on BlueField, unlocking new levels of scalability, reliability, and automation at the edge, in the cloud-native datacenter, or across multicloud infrastructure. Key benefits of ArcOS integrated with DPF include: Scalability: ArcOS containers can be deployed at scale across Kubernetes clusters, ensuring efficient and dynamic workload distribution. High Availability: ArcOS pods are automatically restarted in the event of failure, providing fast failover and uninterrupted network service. Seamless Rolling Updates: Version-controlled deployment of ArcOS containers enables non-disruptive updates and streamlined software upgrades. Custom Resource Definitions (CRDs): ArcOS Operator integrates with Kubernetes to support declarative configuration using CRDs, bringing automation and agility to networking. 'At Arrcus, we are committed to delivering highly performant, programmable networking solutions tailored for the most demanding AI, cloud, and edge environments,' said Shekar Ayyar, CEO and Chairman at Arrcus. 'By integrating ArcOS with NVIDIA DPF, we are enabling network operators to simplify operations while deploying advanced network services at cloud scale, directly on NVIDIA BlueField.' The integrated architecture enables ArcOS to orchestrate networking functions between physical functions (PFs), virtual functions (VFs), and sub-functions (SFs), offloaded on the BlueField and accelerated with NVIDIA OVS-DOCA. ArcOS supports a complete networking stack—including VRFs, routing, tunneling protocols, and VXLAN overlays, delivering hardware accelerated connectivity for AI workloads. In addition, Service Function Chaining (SFC) with DPF enables integration of telemetry and security services thus delivering a highly performant, secure, overlay routing infrastructure that can be operated at scale. This integration highlights Arrcus' continued innovation in disaggregated, programmable infrastructure and its dedication to accelerating next-generation workloads through AI-ready, cloud-native networking software. About Arrcus Arrcus is a leading provider of networking software solutions that empower businesses to achieve unparalleled scalability, performance, and reliability in their infrastructure. Arrcus is disrupting the industry with disaggregated solutions that deliver innovative, agile, and cost-effective networking, allowing enterprises to break free from traditional, monolithic systems and embrace a more flexible, efficient, and scalable approach to modern networking. The Arrcus team consists of world-class technologists who have an unparalleled record in shipping industry-leading networking products, complemented by industry thought leaders, operating executives, strategic partners, and top-tier VCs. The company is headquartered in San Jose, Calif. For more information, go to or follow Arrcus on LinkedIn and Twitter/X.
Daily Mirror
28-05-2025
- Automotive
- Daily Mirror
Driving offenses that could trigger roadside fine as new rule comes into force
The DVSA has changed the company it uses to process payments for roadside fines from today (May 28) - meaning motorists will be able to use Apple Pay and Google Pay From today, the DVSA is updating its payment methods for roadside fines, enabling motorists caught breaching rules to settle up with Apple Pay or Google Pay as quickly as possible. There's no need to worry about learning new tricks; while the interface for card payments is getting spruced up, your usual payment method remains untouched and many might not notice anything's changed. However, the new options for Apple Pay and Google Pay could make the whole process much smoother. A DVSA representative said: "Many people will find this quicker and easier than a standard card payment, especially when using a mobile phone." Those who end up being handed a Fixed Penalty Notice by the DVSA for various motoring offences - whether they're related to vehicle conditions, compliance with driving hours or licensing matters - will now have a more efficient way to pay, both for UK locals and foreign drivers alike. Driver's hours and tachograph offences Exceeding daily or weekly driving time limits. Not taking required breaks or rest periods. Failing to use a tachograph. Using a defective or tampered tachograph. Falsifying or failing to produce tachograph records. Vehicle roadworthiness Driving with defective brakes, tyres, lights, suspension, or steering. Dangerous load securing or overloaded vehicles. Failure to carry out proper daily walkaround checks. Operating an unroadworthy vehicle (may result in a prohibition as well as a fine). Licensing and documentation Driving without a valid driver's licence or correct entitlements (e.g., no HGV licence). Operating without a valid Operator's Licence. No MOT certificate (if required). Lack of vehicle insurance or road tax. Failure to produce required documentation (e.g. vehicle registration, insurance). Weight and load offences Overloading axles or gross vehicle weight. Incorrect or dangerous load securing. Incorrect use of trailers. Emissions and mechanical defects Emissions tampering (e.g., AdBlue cheat devices or DPF removals). Using a vehicle that does not meet emissions standards. Driver conduct and road safety Using a mobile phone while driving. Driving without wearing a seatbelt. Poor vehicle condition leading to immediate prohibition. Excessive vehicle noise or emissions. Fines and penalties Fines can range from £50 to £300 per offence, depending on severity. Multiple fines can be issued at once (e.g., for both driver hours and vehicle defects). In serious cases, vehicles may be immobilised until issues are resolved or fines are paid. Foreign drivers/operators may be required to pay on-the-spot deposits.
