A new streaming platform launching this week may be giving us a peek at the future of broadcast entertainment. advertisement advertisement And it’s not Disney Plus. Welcome to the other streaming wars. Live-streaming startup Caffeine, started by former Apple designer Ben Keighran, is emerging out of a two-year beta today and aims to overtake Amazon’s Twitch and Microsoft’s Mixer as the world’s leading live broadcasting platform. The official release version features a completely new design for its website and iOS and Android apps that combines editorial, algorithmic, and social connections to make it easier to discover live broadcasting from gamers, entertainers, and athletes, as well as create your own interactive broadcasts featuring live television content. To date, the company has raised $124 million from lead investors like Fox, Andreessen Horowitz, and Greylock Partners. “The company’s thesis is that if you can become the … [Read more...] about This former Apple designer is taking on Amazon’s Twitch with $146 million and Fox’s backing
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In many ways, Lakshmi Niwas Mittal’s global trek began with the acquisition of a plant in Trinidad & Tobago in 1989.Earlier in 1976, as a 26-year-old, he set up a plant in Indonesia for his father Mohanlal Mittal. But it was far away in the Caribbean island that Mittal first sowed seeds of a global strategy, which over the next two decades made him the largest steelmaker in the world. ArcelorMittal’s presence would go on to include plants in 18 countries and offices in 60.Thirty years since that first acquisition though, the Trinidad and Tobago unit is a part of Mittal’s global empire that doesn’t make for a pretty picture.Close ArcelorMittal closed the Point Lisas plant in 2016, a day after the worker’s union got a favourable decision from the courts on a pay hike. Low steel prices and increasing costs had already impacted the operations. related news Bharti Airtel posts staggering Rs 23,045 cr net loss in Q2 after AGR provisioning Glenmark … [Read more...] about Lakshmi Mittal ‘s global empire: An asset or a liability in his Essar Steel bid?
Capital & Main is an award-winning publication that reports from California on economic, political, and social issues. advertisement advertisement As the old refrain goes, “Nothing can be said to be certain except death and taxes.” However, as University of California at Berkeley economists Emmanuel Saez and Gabriel Zucman point out in their new book, The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay, for the corporations and the wealthy, there is no certainty about paying taxes at all. In fact, in the United States, evading taxes has become as simple as creating a shell company in Bermuda. Saez and Zucman outline how tax injustice has led to vast inequality in wealth and power, but they also offer some solutions—some of which have been embraced by Democratic presidential candidates Elizabeth Warren and Bernie Sanders. They have also started a raging debate—mostly among economists—about their facts and their … [Read more...] about The economist behind Elizabeth Warren’s wealth tax proposal explains how it works
Millions of Americans are watching the impeachment hearings—and not doing their work. advertisement That’s costing businesses $2.1 billion per hour, according to an estimate by the outplacement firm Challenger, Gray & Christmas. The U.S. House of Representatives’ impeachment inquiry began yesterday morning and people are following the developments—whether minute-by-minute or sporadic recaps—in any number of ways, including smartphones, social media, podcasts, and TV. And all that time dedicated to what’s happening on the Hill means it’s not being spent on the jobs they’re paid to do. To a degree, the loss of productivity is to be expected, as a historic event unfolds in Washington, D.C. Challenger, Gray & Christmas reported a similar dip during Christine Blasey Ford’s testimony at now-U.S. Supreme Court Justice Brett Kavanaugh’s confirmation hearing. One key difference: The impeachment inquiry will last much … [Read more...] about The impeachment hearings are costing American businesses $2.1B an hour in lost productivity
Anand RathiLiving up to this spirit, the Indian economy seems to be coming out of the cycle of low growth and subdued sentiments. We are heading towards a slow but steady recovery in the second half of the current year and greater prosperity in the next financial year. Buoyed by better economic performance and significant policy reforms, especially the cut in the corporate tax rate, Indian equities have bounced back.The recent steps taken by the government suggest that rather than taking shortcuts or populist measures, the government is taking administrative and structural measures, which would improve the long-term performance of the economy.Close Earnings have beaten expectations led by autos and financials with pre-tax profits up 13 percent YoY and 6 percent ahead of expectations. related news Brokerages remain bullish, Cadila Healthcare share price up 3% Children's Day special! These 9 stocks could give bumper returns in the next 10 years Top buy and sell ideas by … [Read more...] about ‘India’s long-term outlook is good; invest in these 5 stocks for double-digit returns’