New York (CNN Business) Mac vs. PC. Android vs. iPhone. Twitch vs. Mixer? Tech rivalries are decades old, but the newest battle in the industry is over how people watch and broadcast video games. Twitch has substantially grown its video game streaming business since its launch in 2011, and Amazon ( AMZN ) purchased the service for $1 billion in 2014. But rival Microsoft ( MSFT ) is ramping up its video game streaming efforts and may give Twitch a run for its money soon. In late July, Twitch received some bad news: It lost Fortnite star Ninja to Microsoft's Mixer. After making millions of dollars from advertising and donations on Twitch, propelling himself and the platform into stardom, Ninja said he would stream exclusively on Mixer. He said he was returning to his "streaming roots," a vague statement many took to mean getting back to a smaller platform where he is the star. Some people speculated he had been paid handsomely to … [Read more...] about Twitch vs. Mixer: The new streaming war
Events on new years eve
New York Mayor Eric Adams wants Jamie Dimon to ride the subway to work
New York (CNN Business) New York Mayor Eric Adams is begging the city's business leaders, including JPMorgan CEO Jamie Dimon , to ride the subway to work. Adams is pushing to bring people back to New York offices after years of working from home. "We're going to get him on a train," Adams told the Financial Times in an interview . "We're going to get everyone on the train. He understands the need of getting his people back and leading from the front." JPMorgan ( JPM ) didn't immediately respond to CNN Business' request for comment. Adams is trying to corral workers back to offices just as the city elevated its Covid-19 status to "High" on Tuesday. That means the city is experiencing "high community spread" resulting in "substantial pressure" on the city's health care system, according to the health department. "We're telling our corporate leaders: 'Hey, get on the train!'" Adams said in the interview. "We need to advertise that New … [Read more...] about New York Mayor Eric Adams wants Jamie Dimon to ride the subway to work
Billionaire Cheng Family’s New World Buys China Logistics Assets, Sells Aircraft Leasing Firm
Share to Twitter Share to Linkedin NWS Holdings —a unit of New World Development that’s controlled by billionaire Henry Cheng and his family—has agreed to buy six logistics properties in China from Australia’s Goodman Group for 2.29 billion yuan ($338 million) as the Hong Kong-based developer seeks to tap the e-commerce boom, while divesting aircraft leasing firm Goshawk Aviation Ltd. In regulatory filing on Monday, NWS said it and Chow Tai Fook Enterprises, also controlled by the Cheng family, have agreed to sell Goshawk , which owns and manageds over 200 aircraft, to Japan’s SMBC Aviation Capital for a cash consideration of $1.67 billion, valuing the Dublin-based aircraft leasing company at $6.7 billion. “The transaction presents an excellent opportunity for NWS to unlock value for our shareholders and mitigate uncertainties and volatilities caused by macro factors such as changes in interest rates and the Covid-19 pandemic,” Eric Ma, CEO of NWS, … [Read more...] about Billionaire Cheng Family’s New World Buys China Logistics Assets, Sells Aircraft Leasing Firm
Teachers celebrate their day together after two years apart
GEORGE TOWN: After two years of not being able to celebrate Teachers Day properly, a group of teachers and former teachers of SK Convent Green Lane held a get-together at a colleague’s house in Bayan Lepas. Deepa Chandramohan, 43, who was at the gathering, said some 10 teachers and former teachers of the school attended the special occasion. “It is something that we have not been able to do for the past two years. We feel so happy and excited to finally be able to celebrate our day. “At first, a few teachers from the school and I decided to celebrate Hari Raya at our colleague’s house, which coincided with Teachers Day. “We did not plan anything and only wanted to have a get-together with our colleagues,” Deepa said. Mahani Mohamed Eusoff, 48, said she offered to host the do at her home yesterday. “As it is still Hari Raya, I also wanted to celebrate the festivity with my colleagues. “My mother helped me prepare some food for our guests, which included nasi minyak, … [Read more...] about Teachers celebrate their day together after two years apart
3 Major Causes of Recent Employee Turnover, According to New Research
Today's workplace extends beyond the physical office -- particularly as companies roll out mandatory work-from-home policies amidst the Covid-19 outbreak. As new developments continue to unravel surrounding the global pandemic, it's likely that employees will need additional support to maintain their personal well-being and levels of performance employers are asking them to achieve. Though it's true that many employees are unfortunately getting laid off, companies need to be cognizant of the fact that employee turnover is still a possibility during these times. A recent report from Limeade (an employee experience software company) surveyed 1,000 full-time U.S. employees and found that there's one overarching factor that can be the antidote to unwanted employee turnover: organizational care. Dr. Laura Hamill , Limeade Chief People Officer and Chief Science Officer, discussed with me the realities of care in the workplace. Specifically, how employers fall … [Read more...] about 3 Major Causes of Recent Employee Turnover, According to New Research
Yong Tai to settle RM46 million debts by issuing new shares
- A + A KUALA LUMPUR (May 17): Yong Tai Bhd has entered into debt settlement agreements with 19 creditors to pay off RM46 million owed by issuing 92 million new shares at 50 sen per share. Among the creditors are Bursa-listed companies such as Econpile Holdings Bhd and Siab Holdings Bhd. Econpile will receive eight million Yong Tai shares to settle the RM4 million debt owed by Yong Tai while Siab will be issued 12 million shares for RM6 million owed to it. "The proposed debt settlement as well as the listing of and the quotation for the new settlement shares will be implemented after the proposed share consolidation and proposed bonus issue of warrants," said the property developer in a filing with Bursa Malaysia. The company's share price closed at 10 sen, valuing the loss-making firm, which was hit hard by the pandemic, at RM139 million. Yong Tai noted that the settlement amount is non-interest bearing and therefore not included in the total borrowings of the … [Read more...] about Yong Tai to settle RM46 million debts by issuing new shares
Malaysia secures over RM500m new investment from Ferrotec, says Azmin
Azmin says Nextracker would strive to enhance products from Malaysia to penetrate not only the US market, but also globally. (Photo by Mohd Suhaimi Mohamed Yusuf/The Edge) - A + A SAN FRANCISCO (May 17): Ferrotec (USA) Corporation has committed to investing more than RM500 million in new investment in Malaysia to set up its first manufacturing facility in Southeast Asia. Spanning 8.13 hectares that will include a 800,000 sq ft manufacturing plant in the Kulim Hi-Tech Park, the facility’s construction is expected to begin in the next few weeks. Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the global supplier of materials, components and precision systems and a worldwide leader in quartz material fabrication for the semiconductor industry also committed to generating between 250 and 500 high-skilled jobs for Malaysians. “They are also committed to assisting small and medium enterprises (SMEs) in Malaysia in … [Read more...] about Malaysia secures over RM500m new investment from Ferrotec, says Azmin
Tuesday Covid Update: 3,893 new cases; provincial totals
38 coronavirus-related deaths were reported by the CCSA today, raising the pandemic’s death toll in Thailand to 29,550 with 7,852 of those fatalities since the start of this year. In the 24-hour period since the last count, the CCSA recorded 3,893 new Covid-19 cases and 7,323 recoveries. There are now 63,337 people in Thailand being treated for Covid-19. Out of the new cases recorded today, 4 were found in correctional facilities. More than 80,000 inmates at Thailand’s overcrowded prisons and detention centres have tested positive for Covid-19 over the past several months. Since the start of the pandemic last year, the CCSA has recorded 4,382,977 confirmed Covid-19 cases. Out of that number, 2,159,542 Infections have been reported since January 1. Vaccination update In the Thai government’s mass vaccination drive, which was launched on February 2021, a total of 135,697,195 doses have been administered, according to the CCSA. Yesterday, … [Read more...] about Tuesday Covid Update: 3,893 new cases; provincial totals
In Photos: The ‘Alien Door’ On Mars Is Just One Of Some Spectacular New Images From The Red Planet
Share to Twitter Share to Linkedin Poor Curiosity. Exploring Mars since 2012, NASA’s rover is constantly getting overlooked in favor of the newer Perseverance rover, which landed in 2021 and has been sending its Ingenuity drone out on incredible reconnaissance missions. That was until a few days ago when Curiosity discovered what looks like an “alien doorway” in the Mount Sharp region it’s exploring. The photo it took on May 7, 2022 (main image, above) went viral on social media with claims that it looked artificial. Except that, of course, the gap in the rocks in this photo (main image, above) isn’t really anything to do with aliens. It’s just a crevice. Sure, it looks odd. It’s those straight edges. However, look more closely and you can see the back of the gap. It’s obviously not a door. In fact, it’s most likely the result of natural erosion. It’s also really small in a vast landscape. “The team’s scientists underlined just how small [the … [Read more...] about In Photos: The ‘Alien Door’ On Mars Is Just One Of Some Spectacular New Images From The Red Planet
Biden’s New Plan To Expand Broadband Access
The Biden administration, which wants everyone in the U.S. to have affordable access to high-speed internet by 2029, announced May 13, 2022, a $45 billion 'Internet for All (IFA)' initiative to pay for it. According to the U.S. Commerce Department, the initiative will provide "affordable, reliable, high-speed internet for everyone in America by the end of the decade." Administration and implementation of the program will be the responsibility of the U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA). The announcement about the IFA initiative came on the heels of news May 9, 2022, that the Biden administration had partnered with 20 broadband providers, including AT&T and Verizon, to improve their subsidized high-speed internet plans made available to low-income Americans through the Affordable Connectivity Program. Key Takeaways 'Internet for All (IFA)' is a $45 billion initiative to provide affordable high-speed broadband … [Read more...] about Biden’s New Plan To Expand Broadband Access