Xbox chief says streaming won't replace consoles
Xbox boss Phil Spencer has reassured fans that Microsoft won't replace physical gaming with streaming. The company's video game chief has reiterated its stance ahead of the Xbox Series X launch alongside the expansion of the xCloud streaming service, and he described the latter as simply an option for those who want it. SPeaking during a Gamelab fireside chat, he said: "I've never tried to position xCloud as a replacement for your gaming PC or for a console. "I like to sit down in front of the big screen and play on a console. I'm sitting here at my PC rig right now and I like to play here. "B...
Luckin Coffee sticks by chairman despite scandal over fake sales
Beijing (AFP) - Embattled coffee chain Luckin Coffee has decided against ousting its founder and chairman, despite an internal investigation concluding that last year's revenue included millions of dollars in fake sales.The massive financial scandal has already cost the company two top executives, caused shares to plummet more than 70 percent and put its billionaire founder Charles Zhengyao Lu in the line of fire -- and will see it delisted from the Nasdaq in New York.But the directors decided Lu would nevertheless remain as chairman of its board, the company said in a notice, a day after an i...
A Jersey Mike’s tribute to Black Lives Matter went viral. But it’s fake.
Popular New Jersey-based sub shop Jersey Mike’s found itself going viral on Twitter this week. And it didn’t even write the tweet that was trending.Comedian Yassir Lester tweeted what appeared to be a statement from Jersey Mike’s on June 30 that claimed the company would be changing the name of its bacon, lettuce and tomato sandwich to a bacon, lettuce and ‘mato sandwich — a BLM, an apparent tribute to Black Lives Matter.Literally what is jersey Mike’s doing. pic.twitter.com/9XohWNOa4n— Yassir Lester (@Yassir_Lester)With more and more companies and corporations making statements in support of ...
Google acquires smartglasses manufacturer North
Google has acquired smartglasses manufacturer North. The tech giant has purchased the Canadian company - which launched a pair of almost ordinary-looking smartglasses last year - as it looks to expand its "hardware efforts". Rick Osterloh - Google's head of hardware - said in a statement: "North's technical expertise will help as we continue to invest in our hardware efforts and ambient computing future. "They'll join the Google team based in Kitchener-Waterloo, Canada--North's hometown and an area with impressive tech talent. "We're excited to welcome our new colleagues, and committed to the ...
Tesla sees better-than-expected vehicle deliveries in Q2
Electric vehicle manufacturer Tesla delivered 90,650 cars in the second quarter of the year, a better-than-expected performance.The company has seen its stock valuation spike this year and is now the most valuable auto maker in the world, by market capitalization, moving ahead of Toyota.Broadcaster CNBC said market analysts had expected 72,000 cars to be delivered in the three-month period.Tesla's stock was moving up in pre-market trading, after hitting record highs this week.
Moderna Falls After Reportedly Delaying Covid-19 Vaccine Trial
Investing.com -By Yasin EbrahimInvesting.com - Moderna fell sharply Friday, as the drugmaker is reportedly delaying a clinical trial for its Covid-19 vaccine candidate.Moderna (NASDAQ:MRNA) fell 5%.In a blow to the company's expectations to roll out key data from its coronavirus vaccine by Thanksgiving, Moderna's 30,000-patient trial of its coronavirus vaccine candidate, expected to start next week, has been delayed following changes to the protocol, Statnews reported.The trial could still get underway in July as the company looks "close to being on target," Statnews said, citing one investiga...
Netflix Pledges $100 Million To Support Black Communities In The U.S.
Netflix has made a $100 million pledge to support black communities in the United States. The commitment was announced in a blog post on Tuesday where it was explained that 2% of the company’s cash holdings would go to “directly support Black Communities in the U.S.” which could lead to up to $100 million in donations.Netflix CFO Spencer Neumann told Squawk Box on Tuesday, “roughly $5 billion in our cash balance sheet as of last quarter. If we can move 2% into these Black owned or Black led financial institutions… where we can still manage our liquidity… it’s a way to do this on an ongoing bas...
Online sales jumped 150% for Thailand's Index furniture chain
BANGKOK, NNA— Online sales for Thailand’s major furniture chain Index Living Mall Public Co. (Index) in the first quarter of 2020 soared to a high of 150 percent from the 31.5 million baht ($1 million) made during the same period of 2019.Online shopping contributed 78.7 million baht to total sales during the first quarter as people began to stay and work at home mostly because of the coronavirus pandemic, said the company, which will expand e-commerce in view of the online shopping trend.Overall, there was a spike in demand for home furniture, making up 67.8 percent of sales in the first three...
NNA Business News
Israeli big data processing start-up Upsolver secures $13 million
Upsolver, an Israeli big data processing start-up, secured $13 million during its Series A+ funding round, the company announced on Tuesday.The tech start-up intends use the most recent funding towards expanding its North American portfolio, its research and development divisions as well as its multi-cloud capabilities. The company has raised a total of $17 million to date.“Big data engineers are a unicorn hire,” said Upsolver’s CEO and co-founder Ori Rafael. “They should spend their time solving an organization’s hardest data problems instead of performing repetitive tasks like job orchestrat...
Jpost.com - The Jerusalem Post online edition
Gas production halted on the Leviathan gas rig due to operational error
Gas production was halted on Wednesday at the Leviathan gas rig due to an operational error, according to Ynet.The Noble Energy company announced that due to an operational malfunction, gas production was halted at the Leviathan gas rig and that its security flare was activated in order to safely clear gas spillage. The flare is automatic and lights up to prevent pollution or other potential damage to the environment.The company said that no environmental impact is expected due to the malfunction and that its working to renew the supply of gas as soon as possible.The Leviathan gas rig is a lar...
Jpost.com - The Jerusalem Post online edition