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EFFICIENT DOCUMENT PROCESSING WITH ABBYY AT CEBIT 2014

The theme for CeBIT 2014 is Datability and consequently ABBYY Europe, a leading provider of document recognition, data capture and linguistic technologies and services, will demonstrate solutions for efficient and highly accurate capture and processing of information from different input channels, like paper, fax, or e-mail, for their fast integration into relevant business processes and workflows. ABBYY will present its new solution FlexiCapture for Mailroom, which offers optimized classification, capture and structuring of big volumes of unstructured data. Thus, companies gain fast access to their information. Additionally, ABBYY proudly introduces FineReader 12, the newest version of its award-winning OCR software with numerous new features and improvements.

Efficient Document Processing With ABBYY At CEBIT 2014
From March 10 to 14 2014, ABBYY’s experts will be on hand in hall 3, stand F18, to demonstrate a broad portfolio of powerful input management solutions for digital mailroom, invoice processing, document scanning and archiving and mobile data and document capture. ABBYY’s brand new solutions FlexiCapture for Mailroom and FlexiCapture for Invoices allow companies to digitise and capture data from their customer communication and correspondence quickly and easily to automate their document-based business processes. ABBYY’s solutions provide a fast and flexible routing of data to back-end systems and business processes – no matter, if they are from business communications, invoices, forms or e-mails. Functionalities for document capture via the web browser and the use of cloud or mobile capture enable flexible adjustment of capture scenarios to specific requirements – for optimal efficiency and productivity.
Joining ABBYY on the stand will be selected partners who will present their own innovative solutions for managing document-based business processes:
- develop international will showcase expand ECM, its Microsoft SharePoint based technology for automated document input, into which they integrate ABBYY FlexiCapture for a complete invoice processing solution.
- KGS Software will demonstrate new solutions for archiving and document management in SAP that can be extended to a full-fledged mailroom solution with ABBYY FlexiCapture.
“It is crucial for companies of all sectors and size to be able to process data from high volumes of incoming documents, forms and invoices quickly and efficiently”, says Jupp Stoepetie, CEO & President of ABBYY Europe. “We are happy to present solutions that allow optimized capture of data and automated transfer into respective channels. Thus, we, together with our partners, help companies to optimize their processes and increase their productivity.”
Additionally, ABBYY will introduce FineReader 12, the brand new version of its award-winning text recognition (OCR) software, which turns scans of paper documents, PDF files, and digital photographs into searchable and editable formats – with up to 99,8 % (According to internal ABBYY testing. Accuracy and formatting results can vary depending on factors such as document quality and scanner settings) recognition accuracy. The new version offers an even more efficient handling of scanned paper documents, and further simplifies information access significantly. ABBYY PDF Transformer+, a completely new, comprehensive PDF tool for all kinds of tasks with PDF documents, will also be shown at CeBIT. New product versions for the integration of powerful OCR functionalities into third-party applications, like FineReader Engine, FlexiCapture Engine and comprehensive SDKs for Mobile and Cloud, plus Recognition Server for conversion and archiving of high volumes of documents will also be demonstrated. Thus, ABBYY will feature a broad portfolio of products and solutions for text recognition, document conversion and data capture.
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Oil rises on positive forecasts, slow U.S. output restart

By Bozorgmehr Sharafedin
LONDON (Reuters) – Oil prices rose on Tuesday, underpinned by the likely easing of COVID-19 lockdowns around the world, positive economic forecasts and lower output as U.S. supplies were slow to return after a deep freeze in Texas shut down crude production.
Brent crude was up 36 cents, or 0.5%, at $65.60 a barrel by 1212 GMT, and U.S. crude rose 39 cents, or 0.6%, to $62.09 a barrel.
Both contracts rose more than $1 earlier in the session.
“Vaccine news is helping oil, as the likely removal of mobility restrictions over the coming months on the back of vaccine rollouts should further boost the oil demand and price recovery,” said UBS oil analyst Giovanni Staunovo.
Commerzbank analyst Eugen Weinberg said optimistic oil price forecasts issued by leading U.S. brokers had also contributed to the latest upswing in prices.
Goldman Sachs expects Brent prices to reach $70 per barrel in the second quarter from the $60 it predicted previously, and $75 in the third quarter from $65 forecast earlier.
Morgan Stanley expects Brent crude to climb to $70 in the third quarter.
“New COVID-19 cases are falling fast globally, mobility statistics are bottoming out and are starting to improve, and in non-OECD countries, refineries are already running as hard as before COVID-19,” Morgan Stanley said in a note.
Bank of America said Brent prices could temporarily spike to $70 per barrel in the second quarter.
Disruptions in Texas caused by last week’s winter storm also supported oil prices. Some U.S. shale producers forecast lower oil output in the first quarter.
Stockpiles of U.S. crude oil and refined products likely declined last week, a preliminary Reuters poll showed on Monday.
A weaker dollar also provided some support to oil as crude prices tend to move inversely to the U.S. currency.
(Reporting by Bozorgmehr Sharafedin in London, additional reporting by Jessica Jaganathan in Singapore; editing by David Evans and John Stonestreet)
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UK-Japan trade deal settled nerves for Japanese firms, Honda executive says

LONDON (Reuters) – Britain’s trade deal with Japan settled the nerves of a lot of Japanese businesses in the United Kingdom and gives them confidence about their future prospects there, a senior Honda executive said on Tuesday.
Japan, the world’s third-largest economy, has since the 1980s made the United Kingdom its favoured European destination for investment, with the likes of Nissan, Toyota and Honda using the country as a launchpad into Europe.
But Britain’s shock 2016 decision to leave the European Union had prompted Japan to express unusually strong public concerns. Their companies and investors warned that a disorderly exit from the EU would force them to rethink their four-decade bet on Britain.
“We welcome very much the Japanese trade agreement which as a Japanese businesses was very welcomed,” Ian Howells, senior vice president at Honda Motor Europe, told a parliamentary committee.
“On the point around confidence, that certainly amongst my peers in Japanese companies was very much welcomed, and probably settled a lot of nerves in terms of their trading prospects in the UK going forward.”
Britain and Japan formally signed a trade agreement in October, marking Britain’s first big post-Brexit deal on trade. It has also made a formal request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), of which Japan is also a member.
(Reporting by Kate Holton)
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UK retailers see sharp fall in sales and mounting job losses, CBI says

LONDON (Reuters) – British retail sales fell in the year to February as stores cut jobs at a rapid rate, with only supermarkets reporting any growth during the latest COVID-19 lockdown, a survey showed on Thursday.
The Confederation of British Industry’s gauge of retail sales stood at -45, up only slightly from January’s eight-month low of -50. The measure points to falling sales and is below the consensus forecast of -38 in a Reuters poll of economists.
Retailers’ expectations for March – when non-essential shops will remain closed to the public as part of lockdown measures – fell to -62, the lowest since the series began in 1983.
In another sign of a changing consumer habits during lockdown, the survey’s gauge of internet retail sales hit a new record high.
“With lockdown measures still in place, trading conditions remain extremely difficult for retailers,” said Ben Jones, principal economist at the CBI.
“Record growth in internet shopping suggests that retailers’ investments in on-line platforms and click-and-collect services may be paying off, but the re-opening of the sector can’t come soon enough to protect jobs and breathe life back into the sector.”
Job losses among retailers accelerated according to a quarterly question in the survey. For the distribution sector as a whole, which includes wholesalers and car dealers, employment fell at a record rate, the CBI survey showed.
(Reporting by Andy Bruce, editing by David Milliken)