Apple scores record-breaking 52 Emmy Award nominations, with “Ted Lasso” leading as most nominated comedy, and freshman breakout “Severance” landing Outstanding Drama nomination

Agency News
-
0
Apple scores record-breaking 52 Emmy Award nominations, with “Ted Lasso” leading as most nominated comedy, and freshman breakout “Severance” landing Outstanding Drama nomination

“Ted Lasso” earns 20 Emmy nominations in total, dominating as most-nominated comedy series for the second year in a row, with standout performances nabbing 10 acting nominations

“Severance” makes Emmy debut with 14 total nominations for its hit first season

Apple TV+ earns nominations across 13 titles, including “Schmigadoon!,” “The Morning Show,” “The Problem with Jon Stewart,” “Central Park,” “Pachinko,” “Foundation,” “Lisey’s Story,” “See,” “They Call Me Magic,” and “Carpool Karaoke: The Series”

A still from Apple Original series “Ted Lasso.”

CULVER CITY, CALIFORNIA For the second consecutive year, Apple TV+ today broke records with 52 Emmy Award nominations across 13 titles, including Outstanding Drama Series, Outstanding Comedy Series, Outstanding Hosted Nonfiction Series or Special, Lead Actress in a Drama Series, Lead Actor in a Drama Series, and Lead Actor in a Comedy Series. Apple TV+ boosted its total number of Emmy Award nominations by more than 40 percent year over year in under three years since its global launch. The winners of the 74th Emmy Awards will be unveiled at a televised ceremony on September 12, 2022.

The second season of global phenomenon “Ted Lasso” was the most nominated comedy series for the second year in a row with 20 nominations total, and the widely celebrated freshman drama “Severance” made its Emmy debut with 14 nominations, scoring the first Outstanding Drama Series nomination for Apple TV+.

In addition, Apple Originals “Ted Lasso,” “Severance,” “Schmigadoon!,” “The Morning Show,” “The Problem with Jon Stewart,” “Foundation,” “Pachinko,” “See,” “Lisey’s Story,” “Central Park,” “They Call Me Magic,” and “Carpool Karaoke: The Series” were recognized with nominations for the 2022 Emmy Awards.

Apple TV+ series stars earned 18 acting category nominations, including 10 top acting nominations for performances in the second season of “Ted Lasso,” and first-time acting nominations for Adam Scott (“Severance”), Sarah Niles (“Ted Lasso”), Sam Richardson (“Ted Lasso”), and Toheeb Jimoh (“Ted Lasso”). Reese Witherspoon landed her first nomination for “The Morning Show” in the Lead Actress in a Drama Series category, alongside costar Billy Crudup, who was recognized with a nomination for Outstanding Supporting Actor in a Drama Series after nabbing the award for the first season, and Marcia Gay Harden secured a nomination for Outstanding Guest Actress in a Drama Series. 

A still from Apple Original series “Severance.”

“This extraordinarily talented group of Emmy nominees showcase the variety of brilliant, unique, and original stories we’ve been honored to bring to the screen over the past year,” said Zack Van Amburg, Apple’s head of Worldwide Video. “Each of these series has inspired audiences to view the world a little differently, drawing attention to the human condition in moving, inspiring, and often very funny new ways. We’re grateful to the Television Academy and applaud the creative teams and casts for their wonderful achievements today.” 

“We are immensely proud of the broad selection of Apple Original programming recognized by the Television Academy today,” said Jamie Erlicht, Apple’s head of Worldwide Video. “These series have captivated audiences and we greatly admire all of these incredibly talented storytellers and congratulate them on their nominations for the dynamic stories they bring to life.” 

Last year, in its second year of Emmy eligibility, Apple’s “Ted Lasso” broke records by becoming the most nominated freshman comedy series in Emmy history. Apple Original series, films, and documentaries have now been honored with 246 wins and 1,115 award nominations and counting, including this year’s Oscars Best Picture winner, “CODA.”

In total, Apple scored 52 Emmy Award nominations for: 

“Ted Lasso” (20)

  • Outstanding Comedy Series
  • Outstanding Lead Actor in a Comedy Series: Jason Sudeikis
  • Outstanding Supporting Actor in a Comedy Series: Brett Goldstein, Toheeb Jimoh, Nick Mohammed
  • Outstanding Supporting Actress in a Comedy Series: Sarah Niles, Juno Temple, Hannah Waddingham
  • Outstanding Guest Actress in a Comedy Series: Harriet Walter
  • Outstanding Guest Actor in a Comedy Series: Sam Richardson, James Lance
  • Outstanding Writing for a Comedy Series
  • Outstanding Directing for a Comedy Series
  • Outstanding Production Design for a Narrative Program (Half-Hour)
  • Outstanding Casting for a Comedy Series 
  • Outstanding Single-Camera Picture Editing (x2)
  • Outstanding Contemporary Hairstyling
  • Outstanding Sound Editing for a Comedy or Drama Series (Half-Hour) and Animation 
  • Outstanding Sound Mixing for a Comedy or Drama Series (Half-Hour) and Animation 

“Severance” (14)

  • Outstanding Drama Series 
  • Outstanding Lead Actor in a Drama Series: Adam Scott
  • Outstanding Supporting Actor in a Drama Series: John Turturro, Christopher Walken
  • Outstanding Supporting Actress in a Drama Series: Patricia Arquette
  • Outstanding Writing for a Drama Series
  • Outstanding Production Design for a Narrative Contemporary Program (One Hour or More) 
  • Outstanding Casting for a Drama Series 
  • Outstanding Directing for a Drama Series 
  • Outstanding Single-Camera Picture Editing for a Drama Series (x2)
  • Outstanding Main Title Design 
  • Outstanding Music Composition for a Series (Original Dramatic Score)
  • Outstanding Original Main Title Theme Music

“Schmigadoon!” (4)

  • Outstanding Original Music and Lyrics
  • Outstanding Music Composition for a Series (Original Dramatic Score) 
  • Outstanding Production Design for a Narrative Program (Half-Hour) 
  • Outstanding Choreography for Scripted Programming 

“The Morning Show” (3)

  • Outstanding Lead Actress in a Drama Series: Reese Witherspoon
  • Outstanding Supporting Actor in a Drama Series: Billy Crudup
  • Outstanding Guest Actress in a Drama Series: Marcia Gay Harden

“The Problem with Jon Stewart” (2)

  • Outstanding Hosted Nonfiction Series or Special Program
  • Outstanding Writing for a Nonfiction Program

“Foundation” (2)

  • Outstanding Main Title Design 
  • Outstanding Special Visual Effects in a Season or Movie

“Pachinko” (1)

  • Outstanding Main Title Design

“See” (1)

  • Outstanding Special Visual Effects in a Single Episode

“Lisey’s Story” (1)

  • Outstanding Main Title Design

“Central Park” (1)

  • Outstanding Character Voice-Over Performance: Stanley Tucci

“They Call Me Magic” (1)

  • Outstanding Music Composition for a Documentary Series or Special (Original Dramatic Score)

“Carpool Karaoke: The Series” (1)

  • Outstanding Short Form Comedy, Drama or Variety Series

“Everyone but Jon Hamm” (1)

  • Outstanding Commercial

“Carpool Karaoke: The Series”

Each episode of “Carpool Karaoke: The Series” features celebrities sharing a car, singing along to their personal playlists, and embarking on adventures. Season five kicks off with Simu Liu and Jessica Henwick; “The White Lotus” costars Murray Bartlett, Alexandra Daddario, and Sydney Sweeney; Anitta and Saweetie; Zooey Deschanel and Jonathan Scott, who first met on “Carpool Karaoke”; the stars of All Elite Wrestling; and the D’Amelio family.

“Carpool Karaoke: The Series,” which has won an Emmy for each of its previous four seasons, along with multiple Producers Guild Awards and a Critics Choice Award, is produced for Apple by CBS Studios and Fulwell 73 Productions, with executive producers James Corden, Eric Pankowski, and Ben Winston.

“Central Park”

“Central Park” is an animated musical comedy about the Tillermans, a family that lives in Central Park. Owen, the park manager, and Paige, his journalist wife, raise their kids Molly and Cole in the world’s most famous park, while fending off hotel heiress Bitsy Brandenham and her long-suffering assistant Helen, who would love nothing more than to turn the park into condos. “Central Park” stars a renowned voice cast that includes Josh Gad, Leslie Odom Jr., Daveed Diggs, Emmy Raver-Lampman, Kathryn Hahn, Tituss Burgess, and Stanley Tucci. 

“Central Park” is created, written, and executive produced by Emmy Award winner Loren Bouchard (“Bob’s Burgers”), alongside Grammy Award winner Josh Gad (“Frozen”) and Emmy Award winner Nora Smith (“Bob’s Burgers”). Steven Davis and Kelvin Yu serve as showrunners and also executive produce. The series is produced for Apple by 20th Television Animation, a part of Disney Television Studios.

“Foundation”

Based on Isaac Asimov’s award-winning stories, and featuring an international cast led by Jared Harris and Lee Pace alongside rising stars Lou Llobell and Leah Harvey, the monumental adaptation of “Foundation” chronicles the stories of four crucial individuals transcending space and time as they overcome deadly crises, shifting loyalties, and complicated relationships that will ultimately determine the fate of humanity. The Apple Original drama also stars Laura Birn, Terrence Mann, and Cassian Bilton. 

“Foundation” is led by showrunner and executive producer David S. Goyer and produced for Apple by Skydance Television with Robyn Asimov, Josh Friedman, Cameron Welsh, David Ellison, Dana Goldberg, and Bill Bost also serving as executive producers on season one of the series.

“Lisey’s Story”

Based on the best-selling novel by Stephen King, and adapted by the author himself, “Lisey’s Story” is a deeply personal thriller that follows Lisey Landon (Academy Award winner Julianne Moore) two years after the death of her husband, famous novelist Scott Landon (Academy Award nominee Clive Owen). A series of unsettling events causes Lisey to face memories of her marriage to Scott that she has deliberately blocked out of her mind. Joan Allen, Jennifer Jason Leigh, and Dane DeHaan star alongside Moore and Owen. 

An Apple Original limited series, “Lisey’s Story” is directed by Pablo Larraín, and hails from J.J. Abrams’s Bad Robot Productions and Warner Bros. Television. King, Moore, and Larraín executive produce alongside Abrams, Ben Stephenson, and Juan de Dios Larraín. Every episode of the series was personally written by King.

“The Morning Show”

Picking up after the explosive events of season one, season two found “The Morning Show” team emerging from the wreckage of Alex (Jennifer Aniston) and Bradley’s (Reese Witherspoon) actions, to a new UBA and a world in flux, where identity is everything and the chasm between who we present as and who we really are comes into play. Along with Aniston and Witherspoon, the star-studded cast includes Billy Crudup, Mark Duplass, Nestor Carbonell, Karen Pittman, Bel Powley, Desean K. Terry, Janina Gavankar, Tom Irwin, and Marcia Gay Harden, as well as new additions for season two Greta Lee, Ruairi O’Connor, Hasan Minhaj, Holland Taylor, Tara Karsian as news producer Gayle Burns, Valeria Golino, and Julianna Margulies. 

Developed by Kerry Ehrin, the series is executive produced by Michael Ellenberg through Media Res, which also serves as the studio, along with Aniston and Kristin Hahn through Echo Films; and Witherspoon and Lauren Neustadter through Hello Sunshine. Mimi Leder also serves as executive producer.

“Pachinko”

“Pachinko” chronicles the hopes and dreams of a Korean immigrant family across four generations as they leave their homeland in an indomitable quest to survive and thrive. Starting in South Korea in the early 1900s, the story is told through the eyes of a remarkable matriarch, Sunja, who triumphs against all odds. 

“Pachinko” is written and executive produced by Soo Hugh (“The Terror,” “The Killing”), who created the series and serves as showrunner. Kogonada and Justin Chon are executive producers and directed four episodes each. Michael Ellenberg and Lindsey Springer executive produce for Media Res, the studio behind the series; Theresa Kang-Lowe executive produces for Blue Marble Pictures; and Richard Middleton also executive produces. David Kim and Sebastian Lee co-executive produce.

“The Problem with Jon Stewart”

Acclaimed host, writer, producer, director, and advocate Jon Stewart, recipient of this year’s Mark Twain Prize for American Humor, leads with compassion and humor as he takes a deep dive into some of the most enduring, deeply entrenched issues of our time in the Apple Original series. “The Problem with Jon Stewart” explores complex topics, such as veteran care and burn pits, preserving individual freedom, how to achieve racial equality, climate change, the American economy, the stock market, mainstream media versus sensationalism, and America’s gun crisis, through the differing perspectives of stakeholders, experts, and individuals confronting these challenges. 

“The Problem with Jon Stewart” is hosted and executive produced by Stewart through his Busboy Productions. The series is executive produced by showrunner Brinda Adhikari, alongside Stewart’s longtime manager James Dixon, Chris McShane, and Richard Plepler through his EDEN Productions, which has an exclusive overall production deal with Apple. Lorrie Baranek is supervising producer, and Kris Acimovic is head writer.

“Schmigadoon!”

A parody of iconic musicals, “Schmigadoon!” is a new musical comedy series starring Emmy Award nominee Cecily Strong and Emmy Award winner Keegan-Michael Key as a couple on a backpacking trip designed to reinvigorate their relationship when they discover a magical town in which everyone is living in a studio musical from the 1940s. They then discover that they can’t leave until they find “true love.” 

The series hails from Broadway Video and Universal Television, a division of Universal Studio Group. “Schmigadoon!” is co-created by Cinco Paul and Ken Daurio. Paul serves as showrunner and wrote all of the original songs for the series. Lorne Michaels and Andrew Singer serve as executive producers, Micah Frank serves as co-executive producer, and star Cecily Strong and Caroline Maroney serve as producers.

“See” 

“See” is set in a brutal and primitive future, hundreds of years after humankind has lost the ability to see. In season three, almost a year has passed since Baba Voss (Jason Momoa) defeated his nemesis brother Edo and bid farewell to his family to live remotely in the forest. But when a Trivantian scientist develops a new and devastating form of sighted weaponry that threatens the future of humanity, Baba returns to Paya in order to protect his tribe once more. 

“See” is executive produced by Steven Knight, Francis Lawrence, Peter Chernin, Jenno Topping, Jim Rowe, Jennifer Yale, Anders Engström, and Jonathan Tropper, who also serves as showrunner. The series is produced by Chernin Entertainment and Endeavor Content.

“Severance”

In “Severance,” Mark Scout (Adam Scott) leads a team at Lumon Industries, whose employees have undergone a severance procedure, which surgically divides their memories between their work and personal lives. This daring experiment in “work-life balance” is called into question as Mark finds himself at the center of an unraveling mystery that will force him to confront the true nature of his work… and of himself. 

“Severance” is written and created by Dan Erickson. Mark Friedman, Chris Black, John Cameron, and Andrew Colville are executive producers alongside Erickson. Ben Stiller, Nicky Weinstock, and Jackie Cohn executive produce through Red Hour Productions, and both Patricia Arquette and Adam Scott serve as producers. Endeavor Content serves as the studio.

“Ted Lasso”

Jason Sudeikis is Ted Lasso, an American football coach hired to manage a British soccer team — despite having no experience. But what he lacks in knowledge, he makes up for with optimism, underdog determination — and biscuits. The widely acclaimed series also stars Hannah Waddingham, Brendan Hunt, Jeremy Swift, Juno Temple, Brett Goldstein, Phil Dunster, and Nick Mohammed.

In addition to starring, Sudeikis serves as executive producer, alongside Bill Lawrence via his Doozer Productions, in association with Warner Bros. and Universal Television, a division of Universal Studio Group. Doozer’s Jeff Ingold also serves as an executive producer, with Liza Katzer as co-executive producer. The series was developed by Sudeikis, Lawrence, Brendan Hunt, and Joe Kelly, and is based on the preexisting format and characters from NBC Sports.

“They Call Me Magic”

“They Call Me Magic” offers a rare glimpse into the incredible real-life story of Earvin “Magic” Johnson, who left his mark on history through his work — both on and off the court — and continues to impact our culture today. With unprecedented access, the docuseries explores Magic’s remarkable journey from being the face of the Los Angeles Lakers and cementing himself as an all-time NBA legend, to changing the conversation around HIV, and transforming into a successful entrepreneur and community activist. From Magic’s humble beginnings in Lansing, Michigan, to becoming the global force he is today, “They Call Me Magic” charts the cinematic life of one of the biggest cultural icons. The highly anticipated documentary event series explores the remarkable accomplishments and global impact of Johnson’s life, both on and off the court. 

Directed by Rick Famuyiwa (“Dope”) and cinematographer Rachel Morrison (“Black Panther”), the docuseries is produced for Apple by XTR and New Slate Ventures, and produced in association with h.wood Media and Delirio Films. 

All programs are currently streaming on Apple TV+.

Samsung Electronics Develops Second-Generation SmartSSD Computational Storage Drive With Upgraded Processing Functionality

Agency News
-
0
Samsung Electronics Develops Second-Generation SmartSSD Computational Storage Drive With Upgraded Processing Functionality

Samsung Electronics, the world leader in advanced memory technology, today announced that it has successfully developed a second generation of its pioneering SmartSSD.

The new proprietary computational storage incorporates data processing functionality within a high-performance SSD. Unlike existing SSDs, Samsung’s SmartSSD can process data directly, thereby minimizing data transfers between the CPU, GPU and RAM. This technology can avoid the bottlenecks that often occur when moving data between storage devices and CPUs, resulting in markedly improved system performance and much higher energy efficiency.

The SmartSSD is playing an increasingly important role, especially with the growth of next-generation technologies such as AI, machine learning and 5G/6G, which require large amounts of data processing.

Leveraging software and intellectual property (IP) developed by customers, along with in-built Arm cores, Samsung’s second-generation SmartSSD enables much more efficient data processing. Compared to conventional data center solid-state drives, processing time for scan-heavy database queries can be slashed by over 50%, energy consumption by up to 70% and CPU utilization by up to 97%.

Since its development in 2020 through the joint efforts of Samsung and AMD, the first-generation SmartSSD is being supplied to global IT companies including video communications platform providers. The first-generation SmartSSD was recognized as an Innovation Awards Honoree at CES 2021 for its outstanding performance and energy efficiency.

“Commercialization of the first-generation SmartSSD, in collaboration with AMD, established that the computational storage market has great potential,” said Jin-Hyeok Choi, Executive Vice President and Head of Memory Solution Product & Development at Samsung Electronics. “With the upgraded processing functionality of the second-generation SmartSSD, Samsung will be able to easily address increasing customer needs in the database and video transcoding sectors, as we expand the boundaries of the next-generation storage market.”

“Powered by Xilinx Versal™ Adaptive SoCs from AMD, second-generation Samsung SmartSSDs enable improved CPU efficiency and greatly reduced energy consumption by efficiently integrating the computing and storage functions in data centers,” said Sina Soltani, Corporate Vice President of Sales, AECG, Data Center and Communication Group at AMD. “As data-intensive applications continue to grow, second-generation Samsung SmartSSDs will deliver the superior performance and efficiency required for this expanding market.”

Samsung Electronics is leading efforts to standardize SmartSSD technology through close collaboration with the Storage Networking Industry Association (SNIA) and with NVM Express, while seeking to expand the boundaries of SmartSSD devices through technological validation for a wide variety of applications.

Motorola Solutions to Issue Second Quarter 2022 Earnings Results on Aug. 4

Agency News
-
0
Motorola Solutions to Issue Second Quarter 2022 Earnings Results on Aug. 4

 Motorola Solutions, Inc. (NYSE: MSI) will issue its second-quarter 2022 earnings results after the close of the market on Thursday, August 4.

Motorola Solutions will host its quarterly conference call with financial analysts at 4 p.m. Central (5 p.m. Eastern) on August 4. The conference call will be webcast live and a replay will be available at  www.motorolasolutions.com/investors.

About Motorola Solutions
Motorola Solutions is a global leader in public safety and enterprise security. Our solutions in land mobile radio communications, video security & access control and command center software, bolstered by managed & support services, create an integrated technology ecosystem to help make communities safer and businesses stay productive and secure. At Motorola Solutions, we’re ushering in a new era in public safety and security. Learn more at www.motorolasolutions.com.

Rugby sevens match schedule confirmed for Commonwealth Games 2022

Agency News
-
0
Rugby sevens match schedule confirmed for Commonwealth Games 2022
  • Match schedule confirmed for Commonwealth Games 2022 rugby sevens competition with one week until kick-off
  • Opening session will see host nation England take on Samoa in the men’s tournament and Sri Lanka in the women’s competition
  • New Zealand who won both gold medals at Gold Coast 2018 will face Sri Lanka (men) and Canada (women) in their opening matches
  • All pool matches to be held on 29 and 30 July with semi-finals, play-offs and medal matches to be played on Sunday, 31 July
  • Coventry Stadium will host the action with tickets starting at just £8 for under 16s and £15 for adults, available from birmingham2022.com  

Hot on the heels of the pools announcement, Birmingham 2022 has released the Commonwealth Games match schedule for the rugby sevens competition which will be held from 29-31 July at Coventry Stadium in England.

Gold Coast 2018 gold medallists, New Zealand will face Sri Lanka in their first match in the men’s competition and Canada in the women’s competition. In the second session of the day they will take on Samoa (men) and Sri Lanka (women).

England’s men will take on Samoa and Sri Lanka on the first day, with the big clash against New Zealand set to take place in the morning session of Saturday, 30 July. The women’s side will also face Sri Lanka on the first day, plus they will play Canada in the second session on 29 July, before they also face New Zealand during the third session of the competition.

VIEW PREVIEW AND MATCH SCHEDULE >>

Scotland’s opening matches are against Tonga (men) and Fiji (women) and the women will also face Australia in the evening session on 29 July with the men up against Malaysia in the same session. Wales, who only feature in the men’s competition, will face Canada and Zambia on the opening day before taking on double Olympic champions Fiji the following day.

Australia women’s team, who won silver in the inaugural competition on the Gold Coast in 2018, will face South Africa in their opening match while their final pool match is against Fiji in the morning session on 30 July.

World Rugby Chairman, Sir Bill Beaumont, said: “Following the recent revealing of the pools, the announcement of the match schedule is an incredibly exciting moment for players, teams and fans alike as the final preparations are put in place ahead of what promises to be truly outstanding Commonwealth Games competitions.

With many of the very best men’s and women’s teams in the world taking to the pitch at Coventry Stadium, including all the previous Olympic gold medallists, fans will be treated to a real showcase of world-class rugby sevens.

“Sevens is a fast flowing, high octane version of rugby which is continuing to grow and thrill fans around the world with it’s dynamic, drama-filled action on the pitch, and fun-filled festival atmosphere in the stands. Don’t miss the chance to see these incredible athletes in action.”

Matt Kidson, Director of Sport for Birmingham 2022, said: “The very best rugby sevens teams are going to be competing at Birmingham 2022 so it will be a really special tournament.

“What’s great about the group stages is that when you come to a sessions you see every single team compete – so you’ll see eight men’s matches and four women’s matches, making rugby sevens one of the best value tickets at Birmingham 2022.”

Tickets for the tournament can be purchased now at www.birmingham2022.com with prices for adults starting at £15 for adults on Friday, 29 July and £22 on Saturday, 30 July and Sunday 31 July. Tickets for under 16s start at £8 on all three days.

The full competition schedule can be viewed at www.birmingham2022.com

Walmart Inc. Provides Update for Second Quarter and Fiscal Year 2023

Agency News
-
0
Walmart Inc. Provides Update for Second Quarter and Fiscal Year 2023

Company lowers profit outlook for Q2 and FY23
Operating margin expected to be about 4.2% for Q2 and 3.8% to 3.9% for FY23
Outlook for net sales higher for FY23 given Q2 results, elevated by inflation

Walmart Inc. (NYSE: WMT) provided a business update today and revised its outlook for profit for the second-quarter and full-year, primarily due to pricing actions aimed to improve inventory levels at Walmart and Sam’s Club in the U.S. and mix of sales.

Comp sales for Walmart U.S., excluding fuel, are expected to be about 6% for the second quarter. This is higher than previously expected with a heavier mix of food and consumables, which is negatively affecting gross margin rate. Food inflation is double digits and higher than at the end of Q1. This is affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularly apparel. During the quarter, the company made progress reducing inventory, managing prices to reflect certain supply chain costs and inflation, and reducing storage costs associated with a backlog of shipping containers. Customers are choosing Walmart to save money during this inflationary period, and this is reflected in the company’s continued market share gains in grocery.

“The increasing levels of food and fuel inflation are affecting how customers spend, and while we’ve made good progress clearing hardline categories, apparel in Walmart U.S. is requiring more markdown dollars. We’re now anticipating more pressure on general merchandise in the back half; however, we’re encouraged by the start we’re seeing on school supplies in Walmart U.S.” said Doug McMillon, Walmart Inc. president and chief executive officer.

Guidance Updates

Based on the current environment and the company’s outlook for the remainder of the year, it is providing the following updates to its guidance.

  • Consolidated net sales growth for the second quarter and full year is expected to be about 7.5% and 4.5%, respectively. Excluding divestitures1, consolidated net sales growth for the full year is expected to be about 5.5%.
  • Net sales include a headwind from currency of about $1 billion in the second quarter. Based on current exchange rates, the company expects a $1.8 billion headwind in the second half of the year.
  • The company maintains its expectations for Walmart U.S. comp sales growth, excluding fuel, of about 3% in the back half of the year.
  • Operating income for the second-quarter and full-year2,3 is expected to decline 13 to 14% and 11 to 13%, respectively. Excluding divestitures1, operating income for the full year2 is expected to decline 10 to 12%.
  • Adjusted earnings per share4 for the second quarter and full year is expected to decline around 8 to 9% and 11 to 13%, respectively. Excluding divestitures1, adjusted earnings per share4 for the full year is expected to decline 10 to 12%.

The company’s updated guidance includes the effects of the following discrete items in the second quarter:

  • Proceeds from an insurance settlement for Walmart Chile, which positively affects operating income by $173 million and adjusted earnings per share by $0.05
  • Proceeds from a special dividend received by the company related to its equity investment in JD.com, which positively affects other gains and losses by $182 million and adjusted earnings per share by $0.05
  • The company will provide further details on business performance and its outlook for the year when it reports second-quarter results on Aug. 16, 2022.

About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better — anytime and anywhere — in retail stores, online, and through their mobile devices. Each week, approximately 230 million customers and members visit more than 10,500 stores and numerous eCommerce websites under 46 banners in 24 countries. With fiscal year 2022 revenue of $573 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart.

1The company completed the sale of its operations in the U.K. and Japan in the first quarter of fiscal 2022.
2Growth rates reflect an adjusted basis for prior year results, which excludes business restructuring charges in the fourth quarter of fiscal 2022.
3Based on current foreign exchange translation rates, operating income includes estimated negative impacts of about $60 million and $100 million for the second quarter and fiscal 2023, respectively.
4Growth rates reflect an adjusted basis for prior year results, which exclude gains and losses on the Company’s equity investments, business restructuring charges, loss on extinguishment of debt recorded during the third quarter of fiscal 2022 and the incremental loss on the sale of the Company’s operations in the U.K. and Japan recorded during the first quarter of fiscal 2022.

Two-year-olds begin to flourish ahead of Glorious Goodwood

Agency News
-
0
Two-year-olds begin to flourish ahead of Glorious Goodwood

Juvenile colts Naval Power and Highbank laid down significant early markers for next year’s Classics with impressive victories in the UK on Saturday.

Naval Power completed a hat-trick with a dominant display in the Listed Pat Eddery Stakes at Ascot, a race that has helped launch the careers of subsequent G1 winners Raven’s Pass and Naval Crown.

A crack at G1 company is also on the cards for Naval Power and the Vertem Futurity at Doncaster looks a likely end of season target for the unbeaten Teofilo homebred.

Highbank made an exciting introduction at Newmarket as the son of Kingman powered through the field to score by nearly four lengths. This year’s Poule d’Essai des Poulains winner Modern Games captured the same race 12 months ago and Highbank looks set to have his sights raised to Group company, with the G3 Solario Stakes at Sandown Park a potential next step.

Fellow two-year-old Yakushima also made a winning debut on the same day in Japan. A great-grandson of Teofilo through his sire Havana Grey, the GB-bred colt looks to have a bright future following a cosy length success in a newcomers’ race at Kokura.

In North America, Nostalgic acquitted herself well as she finished third behind this season’s top three-year-old fillies, Nest and Secret Oath, in Saratoga’s G1 Coaching Club American Oaks.

Mysterious Night will be hoping to continue the good run of juveniles this week when he looks to emulate Pinatubo with victory in the G2 Vintage Stakes at Glorious Goodwood.

Modern Games will take the place of Coroebus in the meeting’s feature G1 Sussex Stakes, with the latter set to tackle the Prix Jacques le Marois at Deauville next month following treatment for an abscess.

New London gets the chance to advance his St Leger claims in Thursday’s G3 Gordon Stakes, while established performers Lazuli, Passion And Glory and Rebel’s Romance also hold Goodwood entries.

TWO DOLLAR MILLIONAIRES UNVEILED BY DUBAI DUTY FREE TODAY IN ITS POPULAR MILLENNIUM MILLIONAIRE PROMOTION

Agency News
-
0
<strong>TWO DOLLAR MILLIONAIRES UNVEILED BY DUBAI DUTY FREE TODAY IN ITS POPULAR MILLENNIUM MILLIONAIRE PROMOTION</strong>

UAE NATIONAL WINS HIS DREAM CAR, A MERCEDES BENZ AMG GT 43

Mr. Rehoboth Daniel, an Indian national living in Dubai, joined the list of Dubai Duty Free dollar millionaires, as his ticket number 1002 in Millennium Millionaire Series 394 was drawn today in the in Terminal 3, Concourse A of Dubai International Airport.

Mr. Daniel, a 63-year-old owner of a bookshop business in Dubai, is a regular participant in the Millennium Millionaire promotion for 20 years now.

“Thank you Dubai Duty Free for this wonderful opportunity. Your promotion has been helping a lot of people, so I pray that it will continue for a long time.” he said.

Another lucky ticket holder to receive the news of his life today is Mr. Mohammed Karaman who also won US$1 Million in Millennium Millionaire Series 395 when his ticket no. 4789 was drawn.

Mr. Karaman, a 40-year-old Syrian national based in Riyadh, Saudi Arabia received the surprise phone call from Dubai Duty Free informing him of his new-found wealth. Commenting on the exciting news, he said: “It is indeed a pleasant surprise and my family and I would like to sincerely thank Dubai Duty Free for such a great promotion! I am happy to have finally won and will definitely continue to participate in the Millennium Millionaire! I can’t wait to meet the team who made this day happen!”

Mr. Karaman is the 8th Syrian national to win the Dubai Duty Free Millennium Millionaire promotion since its inception in 1989.

Following the Millennium Millionaire draw, Dubai Duty Free announced 3 winners in the Finest Surprise Promotion each one taking home a luxury vehicle.

The Dubai Duty Free officials conducted the Dubai Duty Free Finest Surprise draw for one car and two motorbikes.The Dubai Duty Free officials conducted the Dubai Duty Free Finest Surprise draw for one car and two motorbikes.

Mr. Rashed Al Shemeili, a UAE national won his dream car, a Mercedes Benz AMG GT 43 (Graphite Grey Metallic) in the Finest Surprise Luxury Car draw in Series 1810 with ticket no. 0465, which he purchased online on 25 June 2022. A 40-year-old electronic engineer living in Abu Dhabi, Mr. Al Shemeili has been a regular participant in the Dubai Duty Free Millennium Millionaire and Finest Surprise promotions and now looking forward to meeting the Dubai Duty Free team and express his gratitude.

Today was also a special day for Mr. Sanjeev Sharma, a 41-year-old Indian national living in Dubai whose ticket no. 0668 in Finest Surprise Series 505 won him a sporty BMW F 850 GS motorbike.

Lastly, Mr. Arjun Singh, a 35-year-old Indian national based in Dubai won a Harley-Davidson Sportster S in Finest Surprise Series 506 with ticket no. 0809.

Today’s draws were conducted by Dubai Duty Free’s Executive Vice Chairman & CEO, Colm McLoughlin, Salah Tahlak, Joint COO, Sinead El Sibai, SVP – Marketing and Michael Schmidt, SVP – Retail.

Nokia Corporation Financial Report for Q2 and Half Year 2022

Agency News
-
0
Nokia Corporation Financial Report for Q2 and Half Year 2022

Nokia Corporation 
Half year report

Nokia Corporation Financial Report for Q2 and Half Year 2022

Good profitability supports full year outlook

  • Q2 net sales increased 3% y-o-y in constant currency (+11% reported).
  • Network Infrastructure net sales grew 12% in constant currency, with growth across all four businesses while Mobile Networks returned to growth despite ongoing supply chain constraints.
  • Cloud and Network Services net sales were flat in constant currency while Nokia Technologies declined 25% as it continued to be impacted by expired licenses that are in the process of being renewed.
  • Comparable gross margin of 40.6% and operating margin of 12.2%. Underlying profitability improved but was offset by Nokia Technologies and a one-off software deal in Mobile Networks in the prior year meaning margins declined y-o-y.
  • Reported gross margin declined 80bps y-o-y to 40.2% and operating margin expanded 50bps y-o-y to 9.6% as the above factors impacting comparable margins were offset primarily by lower restructuring charges.
  • Comparable diluted EPS of EUR 0.10; reported diluted EPS of EUR 0.08.
  • Free cash flow negative EUR 0.1bn, net cash balance of EUR 4.5bn.
  • Solid first half performance with 2% constant currency net sales growth and comparable operating margin of 11.6% (reported 8.2%), down slightly as timing effects in Nokia Technologies offset underlying profitability improvements.
  • Full year 2022 net sales outlook is unchanged in constant currency. Full year net sales outlook applying 30 June 2022 exchange rates is EUR 23.5bn to EUR 24.7bn. Comparable operating margin guidance remains 11% to 13.5%.

This is a summary of the Nokia Corporation Financial Report for Q2 and Half Year 2022 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group’s financial information as well as on Nokia’s outlook. The detailed, segment-level discussion will be available in the complete financial report hosted at www.nokia.com/financials. A video interview summarizing the key points of our Q2 results will also be published on the website. Investors should not solely rely on summaries of Nokia’s financial reports and should also review the complete report with tables.

PEKKA LUNDMARK, PRESIDENT AND CEO, ON Q2 2022 RESULTS

I am pleased to say we continued to execute well in the second quarter. We improved net sales growth to 3% in constant currency despite ongoing supply chain constraints. We delivered another quarter of robust profitability with a 12.2% comparable operating margin, slightly down year-on-year due to timing effects of contract renewals in Nokia Technologies and a one-off software deal last year. Excluding these factors, we can see continued strong improvement in the underlying profitability of the business.

Network Infrastructure maintained its strong growth momentum with net sales up 12% in constant currency more than offsetting the decline in Nokia Technologies. I was pleased to see Mobile Networks returned to growth with a 1% increase in constant currency despite supply chain constraints, while Cloud and Network Services was stable year-on-year.

Momentum continues to build in Enterprise with growing order intake and returned to growth with an 8% increase in net sales in constant currency which are important for our long-term aspirations in the space. Since the start of this year we have been making further investments into private wireless both in R&D and go-to-market to capitalise on our early market leadership. We expect these investments will deliver strong financial returns for us in the mid-term as indicated by double-digit net sales growth in private wireless in the quarter.

While we recognize the increased global macroeconomic uncertainty and currency fluctuations impacting some emerging markets, I am confident we have the right strategy in place to navigate these challenges along with support from structural technology adoption trends in 5G and fiber. However, we will not become complacent; we remain focused on building technology leadership and improving cost-efficiency to deliver on our strategic goals for the years ahead.

We have had a strong first half and with our renewed competitiveness, we are well placed to deliver our full year 2022 guidance. There remain risks around timing of Nokia Technologies’ contract renewals, potential COVID-19 lockdowns and the supply chain which remains challenging but is showing signs of improvement. We are currently tracking towards the higher-end of our net sales guidance and towards the mid-point of our operating margin guidance as we manage ongoing inflation and currency headwinds.

FINANCIAL RESULTS

EUR million (except for EPS in EUR)Q2’22Q2’21YoY changeConstant currency YoY changeQ1–Q2’22Q1–Q2’21YoY changeConstant currency YoY change
Reported results        
Net sales5 8735 31311%3%11 22010 3898%2%
Gross margin %40.2%41.0%(80)bps 40.4%39.5%90bps 
Research and development expenses(1 091)(1 063)3% (2 163)(2 060)5% 
Selling, general and administrative expenses(728)(712)2% (1 403)(1 360)3% 
Operating profit56448417% 9189160% 
Operating margin %9.6%9.1%50bps 8.2%8.8%(60)bps 
Profit for the period46035131% 67961411% 
EPS, diluted0.080.0633% 0.120.119% 
Net cash and interest-bearing financial investments4 5463 68823% 4 5463 68823% 
Comparable results        
Net sales5 8735 31311%3%11 22010 3898%2%
Gross margin %40.6%42.3%(170)bps 40.7%40.3%40bps 
Research and development expenses(1 069)(1 011)6% (2 122)(1 985)7% 
Selling, general and administrative expenses(623)(585)6% (1 204)(1 137)6% 
Operating profit7146825% 1 2961 2345% 
Operating margin %12.2%12.8%(60)bps 11.6%11.9%(30)bps 
Profit for the period5855399% 1 00191410% 
EPS, diluted0.100.0911% 0.170.166% 
ROIC118.5%18.4%10bps 18.5%18.4%10bps 
1 Comparable ROIC = Comparable operating profit after tax, last four quarters / invested capital, average of last five quarters’ ending balances. Refer to the Performance measures section in Nokia Corporation Financial Report for Q2 and Half Year 2022 for details.
Business group resultsMobile
Networks		Network
Infrastructure		Cloud and
Network Services		Nokia
Technologies		Group Common
and Other		 
EUR millionQ2’22Q2’21Q2’22Q2’21Q2’22Q2’21Q2’22Q2’21Q2’22Q2’21 
Net Sales2 5932 3802 1531 7787537033054017762 
YoY change9% 21% 7% (24)% 24%  
Constant currency YoY change1% 12% 0% (25)% 16%  
Gross margin %40.2%40.9%35.4%35.3%37.2%35.7%99.7%99.8%(5.2)%(4.8)% 
Operating profit/(loss)291249247162(5)10217332(36)(70) 
Operating margin %11.2%10.5%11.5%9.1%(0.7)%1.4%71.1%82.8%(46.8)%(112.9)% 

OUTLOOK

 Full year 2022
Net sales1EUR 23.5 billion to EUR 24.7 billion (constant currency unchanged, adjusted for currency)1
Comparable operating margin211 to 13.5%
Free cash flow225-55% conversion from comparable operating profit

1 Assuming the rate 1 EUR = 1.04 USD as of 30 June 2022 continues for the remainder of 2022 along with year-to-date actual foreign exchange rates (adjusted from prior 1 EUR = 1.11 USD rate as of 31 Mar 2022). Assuming the year-end 2021 exchange rate, the net sales outlook would continue to be EUR 22.6bn to EUR 23.8bn.
2 Please refer to Performance measures section in Nokia Corporation Financial Report for Q2 and Half Year 2022 for a full explanation of how these terms are defined.

The outlook, the long-term targets (3-5 years) and all of the underlying outlook assumptions described below are forward-looking statements subject to a number of risks and uncertainties as described in the Risk Factors section later in this release.

  • Nokia’s outlook assumptions expect the following size and growth in our estimated total addressable markets (Mobile Networks excluding China and Network Infrastructure excluding Submarine Networks) and assuming year-to-date actual EUR/USD rate and 1.04 for the remainder of the year (updated):
 2022 total addressable market (€bn)Constant currency growth
Mobile Networks51+5%
Network Infrastructure47+5%
Cloud and Network Services27+3%
Nokia total addressable market125+4%
  • Nokia’s outlook assumptions for the operating margin of each business group in 2022 are provided below:        
 Full year 2022
Mobile Networks6.5 to 9.5%
Network Infrastructure9.5 to 12.5%
Cloud and Network Services4.0 to 7.0%
Nokia Technologies>75%
  • We expect Nokia Technologies to deliver a largely stable operating profit performance in 2022 and over the longer-term;
  • We expect the net negative impact of Group Common and Other to be EUR 250 million in 2022 and over the longer-term;
  • In full year 2022, Nokia expects the free cash flow performance of Nokia Technologies to be approximately EUR 450 million lower than its operating profit, primarily due to prepayments we received from certain licensees in previous years;
  • Comparable financial income and expenses are expected to be an expense of approximately EUR 150-200 million in full year 2022 and EUR 100-150 million over the longer-term (update);
  • Comparable income tax expenses are expected to be approximately EUR 450 million in full year 2022 and over the longer-term;
  • Cash outflows related to income taxes are expected to be approximately EUR 400 million in full year 2022 and over the longer-term; and
  • Capital expenditures are expected to be approximately EUR 650 million in full year 2022 and around EUR 600 million over the longer-term.

Rule of thumb related to currency fluctuations: Assuming our current mix of net sales and total costs (refer to Note 1, Basis of Preparation in the Financial statement information section included in Nokia Corporation Financial Report for Q2 and Half Year 2022 for details), we expect that a 10% strengthening in the USD vs. the EUR would have an impact of approximately positive 5% on net sales, a positive impact on operating profit and a slight positive impact to our operating margin, before hedging. In the current financial year, due to the impact of hedging, we expect an approximately neutral impact on operating profit and a slightly negative impact to operating margin (update).

Nokia’s long-term targets as published with our fourth quarter 2021 results remain unchanged.

SHAREHOLDER DISTRIBUTION

Dividend

Under the authorization by the Annual General Meeting held on 5 April 2022, the Board of Directors may resolve an aggregate maximum distribution of EUR 0.08 per share. The authorization will be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period, in connection with the quarterly results, unless the Board decides otherwise for a justified reason.

Under the authorization, a EUR 0.02 dividend was paid in Q2 2022 totaling EUR 113 million.

On 21 July 2022, the Board resolved to distribute a dividend of EUR 0.02 per share. The dividend record date is on 26 July 2022 and the dividend will be paid on 4 August 2022. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.

Following this announced distribution of the second installment and the executed payment of the first installment in Q2 2022, the Board’s remaining distribution authorization is a maximum of EUR 0.04 per share.

The payment of the second installment of the distribution is expected to total approximately EUR 112 million in Q3 2022.

Share buyback program

In 2020 and 2021, Nokia generated strong cash flow which significantly improved the cash position of the company. To manage the company’s capital structure, the Board of Directors initiated a share buyback program under the authorization from the AGM to repurchase shares. Purchases began in February 2022. By the end of June 2022, Nokia has repurchased 30 335 608 shares for a total purchase price of approximately EUR 144 million, with weighted average purchase price of EUR 4.73 per share. The program targets to return up to EUR 600 million of cash to shareholders in tranches over a period of two years.

RISK FACTORS

Nokia and its businesses are exposed to a number of risks and uncertainties which include but are not limited to:

  • Competitive intensity, which is expected to continue at a high level;
  • Our ability to ensure competitiveness of our product roadmaps and costs through additional R&D investments;
  • Our ability to procure certain standard components and the costs thereof, such as semiconductors;
  • Disturbance in the global supply chain;
  • Accelerating inflation, increased global macro-uncertainty and major currency fluctuations;
  • Scope and duration of the COVID-19 pandemic, and its economic impact;
  • War or other geopolitical conflicts, disruptions and potential costs thereof;
  • Other macroeconomic, industry and competitive developments;
  • Timing and value of new and existing patent licensing agreements with smartphone vendors, automotive companies, consumer electronics companies and other licensees;
  • Results in brand and technology licensing; costs to protect and enforce our intellectual property rights; and the regulatory landscape for patent licensing;
  • Timing of completions and acceptances of certain projects;
  • Our product and regional mix;
  • Uncertainty in forecasting income tax expenses and cash outflows, over the long-term, as they are also subject to possible changes due to regional profit mix, net sales subject to withholding taxes, the timing of patent licensing cash flow and changes in tax legislation, including potential tax reform in the U.S. and OECD initiatives;
  • Our ability to utilize our US and Finnish deferred tax assets and their recognition on our balance sheet;
  • Our ability to meet our sustainability and other ESG targets, including our targets relating to greenhouse gas emissions; as well the risk factors specified under Forward-looking statements of this release, and our 2021 annual report on Form 20-F published on 3 March 2022 under Operating and financial review and prospects-Risk factors.

FORWARD-LOOKING STATEMENTS

Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, product launches, growth management, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of COVID-19 on our businesses, our supply chain and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash generation, the timing of receivables, operating expenses, provisions, impairments, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions and competitiveness; D) ability to execute, expectations, plans or benefits related to changes in organizational structure and operating model; and E) any statements preceded by or including “continue”, “believe”, “commit”, “estimate”, “expect”, “aim”, “influence”, “will” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in the Risk Factors above.

ANALYST WEBCAST

Nokia’s webcast will begin on 21 July 2022 at 11.30 a.m. Finnish time (EEST). A link to the webcast will be available at www.nokia.com/financials. Media representatives can follow the presentation via the link, or alternatively call +1-412-717-9224.

FINANCIAL CALENDAR 2022

  • Nokia plans to publish its third quarter and January-September 2022 results on 20 October 2022.

About Nokia

At Nokia, we create technology that helps the world act together.

As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.

Inquiries:

Nokia
Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
Maria Vaismaa, Global Head of Public Relations

Nokia
Investor Relations
Phone: +358 40 803 4080
Email: investor.relations@nokia.com

Attachment

Air Canada and United Airlines Expand Relationship to Make Transborder Travel Easier, With More Choice

Agency News
-
0
Air Canada and United Airlines Expand Relationship to Make Transborder Travel Easier, With More Choice

16 hotels across multiple brands are recognized on the coveted “World’s Best” list

MCLEAN, Va. – Travel + Leisure announced the results of its 2022 World’s Best Awards, with Hilton (NYSE: HLT) brands Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts and Curio Collection by Hilton all prominently featured on the coveted list. Twelve of Hilton’s (NYSE: HLT) luxury hotels achieved prestigious rankings, including Waldorf Astoria Maldives Ithaafushi as No. 1 Best Resort Hotel in Asia, and Waldorf Astoria Los Cabos Pedregal as No. 1 Best Resort Hotel in Mexico. In addition to these top-ranking regional awards, Waldorf Astoria Maldives Ithaafushi was also named No. 3 Best Hotel in the World and graces the cover of the August print issue, while Waldorf Astoria Los Cabos Pedregal was named No. 31 in the same highest tier category. Further, four properties across Hilton’s full service and lifestyle brands were recognized in their respective regional categories in Tokyo, Miami and Houston. 

sunset hotel pool Waldorf Astoria Los Cabos Pedregal - Adults Pool
Waldorf Astoria Los Cabos Pedregal – Adults Pool

Each year, Travel + Leisure recognizes the top hotels, islands, cities, cruise lines, airlines, spas and more around the globe, based on the results of the Travel + Leisure World’s Best Awards 2022 readers’ survey. Readers rated hotels on the following characteristics: rooms/facilities, location, service, food and value. The Travel + Leisure World’s Best Awards 2022 is an essential, trusted source for inspiration and guidance as trav​​elers once again make plans to set out on trips around the globe. 

“With nearly 20 amazing properties across our portfolio recognized in 15 award categories, it is an honor for Hilton’s industry-leading brands to be again represented in the World’s Best Awards,” said Matt Schuyler, chief brand officer, Hilton. “These awards affirm our promise to deliver Hilton’s signature world-class hospitality and exceptional guest experiences through our distinctive brands and one-of-kind hotels and resorts around the globe.”

The following Hilton properties were acknowledged as World’s Best:

Waldorf Astoria Hotels & Resorts

  • Waldorf Astoria Maldives Ithaafushi – No. 1 Best Resort Hotel in Asia
  • Waldorf Astoria Maldives Ithaafushi – No. 3 Best Hotel in the World
  • Waldorf Astoria Los Cabos Pedregal – No. 31 Best Hotel in the World
  • Waldorf Astoria Los Cabos Pedregal – No. 1 Best Resort Hotel in Mexico
  • Waldorf Astoria Amsterdam – No. 3 Best Hotel in Amsterdam
  • Waldorf Astoria Atlanta Buckhead – No. 1 Best Hotel in Atlanta
  • Waldorf Astoria Monarch Beach Resort & Club – No. 8 Best Resort in California
  • Waldorf Astoria Chicago – No. 4 Best Hotel in Chicago
  • Waldorf Astoria Beverly Hills – No. 3 Best Hotel in Greater Los Angeles
  • Waldorf Astoria Versailles Trianon Palace – No. 5 Best Resort in France
  • Waldorf Astoria Park City – No. 7 Best Resort Hotel in Utah

Conrad Hotels & Resorts

  • Conrad Dublin – No. 4 Best Hotel in Dublin
  • Conrad Tokyo – No. 2 Best Hotel in Tokyo
  • Conrad Bora Bora Nui – No. 2 Best Resort in the South Pacific

Hilton Hotels & Resorts

  • Hilton Tokyo – No. 5 Best Hotel in Tokyo 
  • Hilton Aventura Miami – No. 10 Best Resort in Greater Miami Beach
  • Hilton Bentley Miami/South Beach – No. 13 Best Resort in Greater Miami Beach 

Curio Collection by Hilton

  • C. Baldwin, Curio Collection by Hilton – No. 2 Best Hotel in Houston  

The 2022 World’s Best Awards list, as well as survey methodology, are currently featured on travelandleisure.com/worlds-best/worlds-best-2022 and will appear in the August 2022 print issue of the magazine.

Air Canada and United Airlines Expand Relationship to Make Transborder Travel Easier, With More Choice

Agency News
-
0
Air Canada and United Airlines Expand Relationship to Make Transborder Travel Easier, With More Choice

Air Canada and United Airlines today announced a joint business agreement for the Canada-U.S. transborder market, building on their long-standing alliance, that will give more flight options and better flight schedules to customers traveling between the two countries. Customers will be able to connect to 38 codeshare destinations in the U.S. and eight of the most popular cities in Canada — all while enjoying the benefits of the carriers’ MileagePlus® and Aeroplan loyalty programs. The agreement will also strengthen and grow both carriers’ networks and help accelerate their COVID-19 recovery.

Air Canada and United Airlines Expand Relationship to Make Transborder Travel Easier, With More Choice (CNW Group/Air Canada)

“United is a world-class airline and we are pleased to significantly expand our well-established partnership to further enhance the customer journey between Canada and the U.S. by offering more choice, greater convenience and an improved airport experience,” said Mark Galardo, Senior Vice President of Network Planning and Revenue Management at Air Canada. “This agreement marks a new phase in our evolving relationship that will speed the recovery from the pandemic and strengthen both carriers. It will also enable us to optimize our hubs and schedules and to broaden our global network connectivity to maintain our leadership in the market.”

“With this new agreement, we are further strengthening our long-standing partnership with Air Canada,” said Patrick Quayle, Senior Vice President of Global Network Planning and Alliances at United. “As international travel continues to recover, this expanded partnership will provide an enhanced experience for all transborder travel.”

Customers who search for flights between the U.S. and Canada on United’s or Air Canada’s websites and apps will find more flight options scheduled at more convenient times. Codeshare between the two carriers will also be expanded and members of both the MileagePlus and Aeroplan programs will have more accrual and redemption options.

In 2019, the U.S.-Canada transborder market was the second largest international passenger air transportation market in the world and the largest international market for both Canada and the U.S., as measured by seats.

Air Canada and United already cooperate in the transborder market, according to the terms of their existing U.S. antitrust immunity. Under the joint business agreement, subject to compliance with U.S. and Canadian regulatory and antitrust requirements, the two airlines will now be able to:

  • Coordinate their networks and schedules, enabling the carriers to offer customers more choice, including more flights throughout the day and more access to each airline’s seat inventory.
     
  • Enhance codeshare on transborder flights, excluding certain U.S. leisure markets and territories. The carriers anticipate customers will be able to connect to 46 transborder codeshare destinations with more than 400 daily frequencies in 2022 – with opportunities to add more codeshare destinations for domestic routes within Canada and the U.S.
     
  • Sell seats on each other’s transborder flights and share revenue on flights between hub markets (where regulatory authorities and antitrust requirements allow), allowing the carriers to grow their overall capacities.
     
  • Align customer policies for greater consistency and enable the seamless provision of onboard products, establish airport co-locations where available and provide extra value to each carriers’ frequent flyer programs.
     
  • Allow the two carriers to work closer together to advance their sustainability objectives.

The implementation of an expanded partnership builds on the existing close cooperation of the two carriers and previously acquired regulatory approvals. United and Air Canada are also founding members of Star Alliance and a transatlantic joint business agreement with the Lufthansa Group.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network celebrating its 25th anniversary in 2022. Air Canada provides scheduled passenger service directly to 51 airports in Canada, 51 in the United States and 86 internationally. It is the only international network carrier in North America to receive a Four-Star ranking from Skytrax, which in 2021 gave Air Canada awards for the Best Airline Staff in North America, Best Airline Staff in Canada, Best Business Class Lounge in North America, and an excellence award for managing COVID-19. Through its leading travel loyalty Aeroplan program, Air Canada offers the ability to earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger flights and cargo-only flights with its fleet of Boeing 767-300 freighters. Air Canada has committed to a net zero emissions goal from all global operations by 2050. 

About United

United’s shared purpose is “Connecting People. Uniting the World.” From our U.S. hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C., United operates the most comprehensive global route network among North American carriers. United is bringing back our customers’ favorite destinations and adding new ones on its way to becoming the world’s best airline. For more about how to join the United team, please visit www.united.com/careers and more information about the company is at www.united.com. United Airlines Holdings, Inc., the parent company of United Airlines, Inc., is traded on the Nasdaq under the symbol “UAL”.

Air Canada Cautionary Statement Regarding Forward-Looking Statements

Air Canada’s public communications may include forward-looking statements within the meaning of applicable securities laws. These statements may involve, but are not limited to, comments relating to guidance, strategies, expectations, planned operations or future actions. Forward-looking statements, by their nature, are based on assumptions, are subject to important risks and uncertainties and cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business. Actual results may differ materially from results indicated in forward-looking statements due to a number of factors, including the factors identified in this news release and in Air Canada’s public disclosure file available at www.sedar.com. The forward-looking statements contained in this news release represent Air Canada’s expectations as of the date of this news release and are subject to change after such date. However, Air Canada disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required under applicable securities regulations.

United Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that are not statements of historical facts are, or may be deemed to be, forward-looking statements. Such forward-looking statements are based on historical performance and current expectations, estimates, forecasts and projections about our future financial results, goals, plans, commitments, strategies and objectives and involve inherent risks, assumptions and uncertainties, known or unknown, including internal or external factors that could delay, divert or change any of them, that are difficult to predict, may be beyond our control and could cause our future financial results, goals, plans and objectives to differ materially from those expressed in, or implied by, the statements. These risks, assumptions, uncertainties and other factors include, among others, any delay or inability of United Airlines to realize the expected benefits of the joint business agreement. No forward-looking statement can be guaranteed. Forward-looking statements in this press release should be evaluated together with the many risks and uncertainties that affect United’s business and market, particularly those identified in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections in United’s Annual Report on Form 10-K for the year ended December 31, 2021, as updated by our subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission. The forward-looking statements included in this document are made only as of the date of this document and except as otherwise required by applicable law or regulation, United undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise.

Sign up for Air Canada news: aircanada.com

Media Resources:
Photos
Videos
B-Roll
Articles

SOURCE Air Canada

For further information: media@aircanada.ca; Internet: aircanada.com/media

1...151152153...260Page 152 of 260