Amazons potential HQ2 sites leaves many cities disappointed

In this Wednesday, Dec. 20, 2017, file photo, a clerk reaches to a shelf to pick an item for a customer order at the Amazon Prime warehouse, in New York. Amazon announced Thursday, Jan. 18, 2018, that it has narrowed down its potential site for a second headquarters in North America to 20 metropolitan areas, mainly on the East Coast. (AP Photo/Mark Lennihan, File) Maybe next time: Cities see failed Amazon bids as trial runs ___DETROIT”We would have loved to have made it into the next round for Amazon’s second headquarters but everyone here is incredibly proud of the proposal we submitted,” Mayor Mike Duggan said. “It showed a clear vision for the future of our city and brought out the very best of our city and our region.”___MEMPHIS, Tennessee”We came together and gave it our best shot,” Mayor Jim Strickland said. “The good news is that this exercise showed us new ways to showcase our city that we are already using to attract other businesses.””Memphis has momentum and other companies have seen and will continue to see our value”The city offered Amazon $60 million in cash incentives.___KANSAS CITY, Missouri”I can understand that some Kansas Citians may be disappointed, but it’s important to remember that as a result of this very collaborative effort, more people today know more great things about Kansas City than they ever did before,” said Mayor Sly James. “Kansas City will continue to develop transformational projects and partnerships that continue the momentum you feel in every block and every neighborhood of this great city. We truly are a city on the rise, and I look forward to our exciting future.”___DELAWAREDelaware’s Gov. John Carney and the state’s congressional delegation said they were “of course” disappointed not to be chosen.”But we used this opportunity to showcase all the options in Delaware not just for Amazon, but for any business looking for a location to set down roots and grow,” they said. “In that respect, Delaware’s effort—which brought together leaders in the public and private sectors to promote our great state—was a resounding success. Going forward, we’ll do everything we can to support Philadelphia’s application, to help bring Amazon to our region.”___NEW HAMPSHIRE”New Hampshire’s groundbreaking proposal to recruit Amazon was the most comprehensive business marketing plan our state has ever produced,” Gov. Chris Sununu said in a statement. “While we always knew that our bid was considered a long shot, we are excited that it is already serving as a template for other businesses that now have New Hampshire on their radar. Our commitment to economic and workforce development is already yielding results. We will never stop emphasizing that New Hampshire is open for business, open for workers, and open for opportunity.” Amazon’s move to whittle its list for a second headquarters leaves more than 200 municipalities disappointed. Here are statements from some of the places that didn’t make the tech giant’s cut to 20 contenders: Explore further Citation: Amazon’s potential HQ2 sites leaves many cities disappointed (2018, January 19) retrieved 18 July 2019 from https://phys.org/news/2018-01-amazon-potential-hq2-sites-cities.html New Hampshire’s Amazon proposal was centered in Londonderry and emphasized the state’s lack of a sales or income tax.___SAN DIEGO”While disappointed San Diego/Chula Vista did not advance, we are not at all surprised,” said Mark Cafferty, president and CEO of the San Diego Regional Economic Development Corp. “We knew that this would be a long shot based on geography and incentive options, but we also know that as a region, San Diego can most definitely compete with others in terms of talent, entrepreneurship, innovation and quality of life.”___NORTHERN CALIFORNIAThe two bids submitted by cities in the San Francisco Bay Area were both rejected by Amazon. Bay Area Council President Jim Wunderman said the decision was disappointing. “We’re not completely surprised by Amazon’s decision,” he said. “The Bay Area is one of the most innovative regions in the world and the huge economic expansion we have witnessed here over the past 10 years has created significant challenges in the form of high housing costs, high cost of living and growing traffic. We are working hard to address these challenges, but we suspect they factored heavily in Amazon’s decision to look elsewhere.”___VIRGINIA BEACH, VIRGINIA”We’re disappointed the City of Virginia Beach was not listed among the top 20 finalists for this project. However, we’re excited the Commonwealth of Virginia is still under consideration,” Virginia Beach Mayor William Sessoms Jr. said. “A project of this magnitude will create many opportunities, and, if Virginia is selected, we expect Virginia Beach and Hampton Roads will benefit.” This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. © 2018 The Associated Press. All rights reserved. read more

Nintendo says working with Tencent to release Switch in China

first_img Citation: Nintendo says working with Tencent to release Switch in China (2019, April 26) retrieved 17 July 2019 from https://phys.org/news/2019-04-nintendo-tencent-china.html Nintendo says full-year profit up nearly 40% on strong game sales © 2019 AFP Explore further Japanese games giant Nintendo said Friday it was working with Chinese internet firm Tencent to roll out its popular Switch console in China, confirming rumours that have dramatically pushed up its share price.center_img Mario from Super Mario Bros. is already a well-known character “Nintendo… is announcing that a collaboration is in progress with Tencent Holdings Limited… to release the Nintendo Switch video game system in China,” the firm said in a brief statement.The announcement came a day after Nintendo unveiled strong full-year profit numbers lifted by strong sales of blockbuster game titles for the Switch console.Net profit for the fiscal year to March rose 39.0 percent from a year earlier to 194 billion yen ($1.7 billion), on sales of 1.2 trillion yen, up 13.7 percent.It said then that sales of Switch hardware were projected to rise six percent to 18 million units for the current fiscal year with plans to release “Super Mario Maker 2”, “Pokemon Sword and Pokemon Shield” and “The Legend of Zelda”.The Switch has become a huge global seller, helped by the release of innovative, family-friendly titles that have wowed critics and gamers alike.The company’s shares have surged more than 12 percent since news reports said earlier this month that its games and the Switch would soon be available in China via Tencent.Nintendo boss Shuntaro Furukawa was quoted as saying on Thursday that they wanted to grow China into a major market like Japan, the US, and Europe.”But the size of the game console market is small. So it might not be easy,” said Furukawa.’Definitely positive news’However, Nintendo stock was off three percent in early exchanges on Friday, as analysts said they had been hoping for news of a new Switch console.The Tencent news is “definitely positive news”, said Hideki Yasuda, an analyst at Ace Research Institute in Tokyo. “Shares are down because people wanted to square positions before the holidays.”After the closing bell on Friday, Japan will embark on an unprecedented 10-day holiday as special days off to celebrate the emperor’s abdication combine with the traditional “Golden Week” break.The long holiday has sparked some fears that Japanese markets will be volatile when they reopen as traders catch up with the news that has broken during that period.The Switch has “enormous potential” to succeed in China, Yasuda said, partly due to the games’ family-friendly nature.”Chinese authorities have strict rules when it comes to consumer products… you cannot show running blood and corpses.”Nintendo’s games in general avoid grotesque depictions. I feel it should face an easier time than others when it applies for permits,” the analyst told AFP.The characters such as Mario are already well recognised, which should also give it an edge.And although most Chinese gamers play on PCs, Nintendo’s software “offers benefits that PCs don’t”, said Yasuda.”You can carry it around. You can hook it to TVs. It offers various styles of gaming. It has already been accepted around the world,” he noted. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

Fears rise China could weaponise rare earths in US tech war

first_imgChina has been accused of using its rare earth leverage for political reasons before.Japanese industry sources said it temporarily cut off exports in 2010 as a territorial row flared between the Asian rivals, charges that Beijing denied.In 2014, the World Trade Organization ruled the country had violated global trade rules by restricting exports of the minerals. The case was brought by the United States, European Union and Japan, which accused China of curbing exports to give its tech companies an edge over foreign rivals. China has cited environmental damage from mining and the need to conserve supplies as the reason for any past limits on output.While disruptive, any leverage gained from a supply block may be short-lived, experts said.”This would accelerate moves to find alternative supply sources,” said Kokichiro Mio, who studies China’s economy at NLI Research Institute.Empty threat?China is not the only country with sizeable reserves of rare earths.The United States Geological Survey estimated last year there were 120 million tons of deposits worldwide including 44 million in China, 22 million in Brazil and 18 million in Russia.China is the leading producer partly because the environmental risks deter some countries from harvesting their own deposits. Mining rare earths creates toxic waste and the potential release of harmful radioactive tailings.”There is a possibility that China would go ahead (with export curbs) but chances are what we are seeing now is just a threat,” Mio said.”The US would be in trouble over a short period of time. But it is unlikely that they (China) want to pour oil on the flames.”During Monday’s visit, Xi was accompanied by Vice Premier Liu He, who has led China in fraught trade negotiations with Washington—a fact not lost on China-watchers.State media coverage of the visit was dry, but a commentary on a social media account run by the Communist Party mouthpiece, the People’s Daily, stressed China’s dominance in the global supply chain and the relative paucity of US output.Meanwhile, cutting off the United States would mark a sharp escalation that Beijing may not have the stomach for, said Li of the RSIS.”The difference is the US is targeting specific Chinese companies. If China targets the US as a country… that may be regarded by the US and the world as a significant escalation of the trade war,” he said. A seemingly routine visit by President Xi Jinping to a Chinese rare earths company this week is being widely read as an obvious threat that Beijing is standing ready for action.”We should firmly grasp the strategic basis of technological innovation, master more key core technologies and seize the commanding heights of industry development,” Xi said during the visit, the official Xinhua news agency reported Wednesday.”Rare earth is not only an important strategic resource, but also a non-renewable resource,” he added, in comments likely to further fuel speculation.However, analysts say China appears apprehensive to target the minerals just yet, possibly fearful of shooting itself in the foot by hastening a global search for alternative supplies of the commodities.Xi’s inspection tour “is no accident, this didn’t happen by chance,” said Li Mingjiang, China programme coordinator at the S. Rajaratnam School of International Studies (RSIS) in Singapore.”At this moment, clearly the policy circles in China are considering the possibility of using a rare earth exports ban as a policy weapon against the US.”The United States last week threatened to cut supplies of US technology needed by Chinese telecom champion Huawei, which Washington suspects is in bed with China’s military.The US move has fanned speculation that Xi could impose retaliatory measures and in an indication of the importance of rare earths to the US, Washington did not include them in a tariffs increase on Chinese goods this month.China has leverageChina occupies a commanding position, producing more than 95 percent of the world’s rare earths, and the United States relies on China for upwards of 80 percent of its imports.Rare earths are 17 elements critical to manufacturing everything from smartphones and televisions to cameras and lightbulbs.That gives Beijing tremendous leverage in what is shaping up largely as a battle between the US and China over who will own the future of high-tech.”China could shut down nearly every automobile, computer, smartphone and aircraft assembly line outside of China if they chose to embargo these materials,” James Kennedy, president of ThREE Consulting, wrote Tuesday in National Defense, a US industry publication. EU joins US, Japan in ‘rare earth’ trade case against China Citation: Fears rise China could weaponise rare earths in US tech war (2019, May 22) retrieved 17 July 2019 from https://phys.org/news/2019-05-china-weaponise-rare-earths-tech.html The US has hit China where it hurts by going after its telecom champion Huawei, but Beijing’s control of the global supply of rare earths used in smartphones and electric cars gives it a powerful weapon in their escalating tech war. © 2019 AFP Rare earths are used in a number of goods including smartphones, televisions and lightbulbs Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

Top five news stories to watch out for on May 6

first_imgMay 06, 2019 COMMENTS Prime Minister Narendra Modi is to visit Cyclone Fani hit Odisha on May 6 to take stock of the situation in the state. The Prime Minister spoke to Odisha Chief Minister Naveen Patnaik on Saturday and announced his plans to visit the storm-hit state on Twitter. In the fifth of the seven phases of General Elections 2019 to be held on May 6, a total of 51 seats across seven states will go to polls. Voting will take place in a number of seats in Uttar Pradesh, Rajasthan, Madhya Pradesh, West Bengal, Bihar, Jharkhand and Jammu and Kashmir. Both Rae Bareli and Amethi — represented by Sonia Gandhi and Rahul Gandhi respectively — will witness a heated contest between Congress and BJP heavy weights.US Commerce Secretary Wilbur Ross is to meet Commerce Minister Suresh Prabhu on Monday to discuss trade-related issues amid America’s decision to withdraw export benefits to Indian exporters. Issues such as withdrawal of GSP benefits by Washington are expected to come up for the discussion. The US decided to withdraw export benefits to Indian exporters under the Generalized System of Preferences programme, which is expected to impact India’s exports to the US worth $5.6 billion under this scheme. The Supreme Court is to to hear on May 6 a plea of an AIADMK MLA, V. T. Kalaiselvan, who has been served a notice by the Tamil Nadu assembly Speaker for indulging in “anti-party activities” under the anti-defection law. A bench of Chief Justice Ranjan Gogoi and Justice Deepak Gupta said it will hear the plea on Monday. Senior advocate Kapil Sibal, appearing for Kalaiselvan, said the Speaker has served him a notice under the anti-defection law and the matter requires urgent hearing as he will disqualify him for alleged anti-party activities.INS Ranjit, the frontline missile destroyer of the Indian Navy, is to be decommissioned on Monday. INS Ranjit, the third of the five Kashin-class destroyers built by the erstwhile USSR, was commissioned in 1983. The ship will be decommissioned at the Naval Dockyard, Visakhapatnam. The ceremony will be attended by personnel who have served on-board INS Ranjit in the past and will also include officers and sailors from the commissioning crew. SHARE SHARE EMAIL Prime Minister Narendra Modi addresses an election rally for the forthcoming 2019 Lok Sabha elections.   –  PTIcenter_img SHARE Published on COMMENTlast_img read more

Classy Djokovic charges into another Wimbledon final

first_imgLONDON (Reuters) – Top seed and defending champion Novak Djokovic held off a spirited challenge from Spanish outsider Roberto Bautista Agut on Friday to triumph in four sets and advance to a mouthwatering Wimbledon final against Roger Federer.Remarkably the Serb’s 6-2 4-6 6-3 6-2 success was the 12th victory in his last 13 Grand Slam semi-finals and he is now one win away from his fifth title at Wimbledon and 16th Grand Slam singles crown as he resumes his great rivalry with the Swiss.Friday’s match turned on an amazing 45-shot rally in the seventh game of the third set, which Djokovic won to hold serve and stay a break up – and from then on he took total control as the Spaniard, who had looked calm and confident in his first Grand Slam semi-final, was eventually brushed aside.”I had to dig deep. It’s the semi-finals and Roberto was not overwhelmed – he’s a very under-rated player,” Djokovic, 32, said. Tennis 10 Jul 2019 Ibiza party on hold as Bautista Agut reaches Wimbledon semis Related News Tennis 10 Jul 2019 Highlights: Wimbledon day nine “He played really well. He was managing his nerves in the first set but later on he established himself and started to play better. I got a bit tight. It was a close opening four or five games of the third set – that’s where the match could have gone a different way.”Bautista Agut flashed a brilliant return past Djokovic from the first serve of the match but he barely threatened for the rest of the set as his high-risk approach produced too many errors and a provided a straightforward set win for the favourite.The second was a different story as Bautista Agut dialled back a little and found that he was able to out-duel the master. Djokovic was making uncharacteristic errors on seemingly simple shots and was frequently left staring skywards, questioning himself and taking issue with the crowd.Bautista Agut snatched a break in the third game and served superbly to back it up, dropping only four points in five successful service games to level the match.REAL MATCHThe Centre Court crowd realised they had a real match on their hands and they were treated to a superb third set. It, and probably the match, hinged on the seventh game as Djokovic, a break to the good, served at 30-40.The players then smashed out their 45-shot rally, much of it a mesmerizing exchange of identical crosscourt backhands that had the crowd gasping before Djokovic blinked first to switch the angle of attack and take the point with a devastating winner.It was the longest rally officially seen at Wimbledon since records began in 2005 and Djokovic duly served out and stayed on top to take the set.The champion then took command in the fourth set, cutting out the loose groundstrokes and picking up points with adventurous serve-and-volley attacks and after breaking for a 2-1 lead he never looked back.”Obviously winning that game was crucial for me,” Djokovic said of the marathon rally game. “It gave me more confidence and relief so I could swing more freely in the next games.”Bautista Agut had no answers but can be pleased with his efforts in what is turning out to be the best year of his career, having never previously reached even a quarter-final at a Grand Slam.The 31-year-old can now join his friends on a belated stag break. They arrived in London to watch Friday’s game after his planned Ibiza trip was cancelled following his unexpected progress to the last four.Djokovic, however, has got more business to attend to as he prepares to face 37-year-old eight-times Wimbledon champion and number two seed Federer in Sunday’s showpiece.”Regardless of the history and many finals I’ve played, playing a final at Wimbledon is something different so I’ll definitely enjoy that experience,” he said. (Reporting by Mitch Phillips, editing by Ken Ferris)center_img Tennis 10 Jul 2019 Clinical Djokovic destroys Goffin to reach semis {{category}} {{time}} {{title}} Related Newslast_img read more