China’s Tencent Holdings Profit Surges 89 Percent After Honour of Kings Launch

first_img“The year-on-year revenue growth rate was therefore lower than previous quarters, which we expect to be temporary in nature,” Tencent said.© Thomson Reuters 2020Which is the best TV under Rs. 25,000? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below. Tencent made CNY 38.5 billion (roughly Rs. 43,400 crores) profit for the three months through September. That was ahead of an analyst average estimate of CNY 30.81 billion (roughly Rs. 34,700 crores), according to data from Refinitiv. Revenue rose 29 percent to CNY 125.4 billion (roughly Rs. 1,41,300 crores).The Chinese group has a solid pipeline of new games waiting to be released, including a recent testing launch of a mobile version of League of Legends in Asia.The company also saw a return to normalcy in advertising activity following the COVID-19 outbreak, with rapid growth in sectors such as education, internet services and e-commerce platforms.- Advertisement – – Advertisement – Chinese gaming and social media giant Tencent reported an 89 percent rise in quarterly profit on Thursday, with its blockbuster game Honour of Kings and solid advertising businesses helping it to beat forecasts and lifting its shares. The world’s largest gaming firm by revenue has benefited from healthy growth of paying users for video games in China and international markets.Its flagship game Honor of Kings reported a record 100 million daily active users in the first 10 months of 2020.- Advertisement – Its shares closed 4.72 percent up, against a 0.22 percent decline in the Hang Seng index.They rebounded from a 7 percent plunge on Wednesday, when Tencent celebrated its 22nd birthday, as investors dumped shares in Chinese tech companies following publication of draft anti-monopoly rules that also wiped out hundreds of billions of dollars off some tech giants including Alibaba.Tencent said revenue from its cloud and other business services, a potential future growth engine, were affected by the lingering impact of the pandemic, such as delays in project deployment and new contract sign-ups.- Advertisement –last_img read more

£600m Covent Garden plan launched

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Coal mining giant Bumi records 97 percent plunge in profit

first_imgHe also said the company had produced 14.3 million tons of coal between January and Feb. 20 this year with the aim of producing 7.5 million tons in March “and hopefully in April as well if we can.”Bumi, like other coal miners around the world, is uncertain about the global coal demand in 2020. The uncertainty mainly arises from indefinite lockdowns in Asian economies, which consumes almost three-fourths of the global coal supply, as the region works to contain the spread of COVID-19.“We intend to review the situation arising from the global pandemic next month and will fine tune as appropriate,” said Srivastava.Company stocks, traded at the Indonesia Stock Exchange (IDX) as BUMI, were unchanged on Tuesday, although the benchmark Jakarta Composite Index (JCI) rose 1.68 percent at the close of afternoon trading.Topics : Indonesia’s largest thermal coal miner, PT Bumi Resources, booked a US$6.84 million profit in 2019, down 97 percent from $220.4 million in the previous year partly due to falling coal prices and higher fuel-related costs.The publicly listed company’s revenue only increased 0.06 percent year-on-year (yoy) to $1.11 billion in 2019 even though sales volume – largely driven by subsidiary Kaltim Prima Coal (KPC) – rose 9 percent to a “record high” 87.7 million tons over the same period. Slumping coal prices severely hurt the company’s profit margins.Bumi’s cost of revenue grew 0.6 percent to $1 billion, “due largely to higher costs, largely oil price,” according to BUMI corporate secretary Dileep Srivastava.last_img read more

USC hopes to balance attack at California

first_imgDespite boasting a number of tailbacks heading into the season, USC has become a more pass-oriented team this season.Through its first five games of the season, USC has attempted 189 passes versus 158 rushes. The Trojans have scored 14 receiving touchdowns, compared with four running touchdowns.Prolific · Sophomore wide receiver Robert Woods and freshman wideout Marqise Lee, who have combined for 1,070 receiving yards, form a duo that rivals any in the Pac-12, including Cal’s own receiving tandem of sophomore Keenan Allen and senior Marvin Jones. – Mannat Saini | Daily Trojan“We have been more heavily throwing the ball,” USC coach Lane Kiffin said. “We cannot do that all year long. We will get exposed if we keep trying to do that.”Much of the emphasis on the passing game has been because of the continued emergence of sophomore wide receiver Robert Woods.“If you have a great tailback, you turn and give him the ball 25 times per game,” Kiffin said. “If you have a great receiver, the last thing we want to do is come out of the game and the guy only touches the ball four or five times. We try to find ways to get [Woods] the ball and keep feeding him.”Opposing defenses have changed their formations to try to stop Woods, but he has still recorded 55 receptions for 747 yards and six touchdowns.“That is why he is a No. 1 receiver,” Kiffin said. “He can do everything. He can beat you deep, and he can also take the short passes and make guys miss. He plays very physical for a guy that is not that big.”Freshman wide receiver Marqise Lee has proved to be a reliable second option opposite Woods through five games. Lee, who claims to be able to dunk a basketball on an 11-foot hoop, has caught 21 passes for 323 yards and three touchdowns using that jumping ability he developed on the basketball court.“If someone is going to dunk on you, you have to time your jump,” Lee said. “I feel that I have great anticipation going up to get the ball.”The USC coaching staff originally recruited Lee to compete in the secondary, but eventually yielded to Lee’s desire to play offense when recruiting him in high school.“He would be lining up at Oregon probably if we told him he was going to be a [defensive back],” Kiffin said.—In anticipation of playing Thursday, the Trojans practiced on a Monday for the first time since school started. USC also practiced Sunday, normally an off day.“We started the week early, so we have a head start on Cal,” junior safety T.J. McDonald said. “They were playing Oregon while we were preparing for them.”Several players, including starters senior defensive tackle DaJohn Harris and senior running back Marc Tyler, had to leave practice early for class as a result of the unusual practice time.The midweek game has many players scrambling to finish essays and take midterms early.“I am not going to lie — it is tough,” Lee said. “But I am going to get it done. I am a student-athlete.”—With Memorial Stadium undergoing renovations, Thursday’s game will be played in AT&T Park, home of the San Francisco Giants.While growing up in Fresno, Calif., McDonald rooted for the Giants. He played center field at Edison High School, and idolized Hall of Fame center fielder Willie Mays.“[Mays] was before my time, but I watched [videos of] his catches and how he played the ball,” McDonald said. “Playing center field in baseball definitely helped my ball skills going up to catch the ball.”—Kiffin said freshman running back Amir Carlisle, freshman linebacker Lamar Dawson and redshirt sophomore cornerback Torin Harris will practice on Tuesday to see whether they will be able to play Thursday.last_img read more

Bilbao’s 38-year-old striker stuns Barcelona in title defence opener

first_imgDe Jong fully justified his place with a serene display, seamlessly linking midfield to attack and dictating tempo with a maturity well beyond his 22 years.By contrast, Griezmann never really settled after a nervous start, allowing a simple pass to slip under his foot before hacking late at the shin of Unai Lopez.Inaki Williams, meanwhile, fresh from signing a nine-year contract last week, started fast, as he saw a rasping shot pushed wide and then skipped in behind Nelson Semedo but was again denied by Ter Stegen.De Jong was tidy and composed but Barca were less controlled and their rhythm knocked further by Suarez departing shortly before half-time.He had been testing his calf moments before, just as a poor header back landed perfectly in his path. Suarez shot first time but struck the post.Raul Garcia failed to beat Ter Stegen from 10 yards while Rafinha, on for Suarez, went close, his curling effort brilliantly tipped onto the join between the post and crossbar by Unai Simon.Ernesto Valverde put Ivan Rakitic on for Carles Alena at half-time and Rafinha again hit the post, this time freed by a cute reverse pass from Ousmane Dembele.Bilbao seemed to tire and Barca turned the screw. Rakitic fired over as three Bilbao defenders leapt in front of him but their opponents survived.Carles Perez, the 21-year-old forward, came on for only his second league appearance but it was Bilbao’s substitute that proved decisive.A quick one-two down the right produced a looping cross into the box, where Aduriz did the rest.Share on: WhatsApp Athletic Bilbao’s Spanish forward Aritz Aduriz celebrates his goalMadrid, Spain | AFP |  Barcelona made a nightmare start to the defence of their La Liga title on Friday by losing Luis Suarez to injury and then losing 1-0 to Athletic Bilbao, after a sensational late volley from substitute Aritz Aduriz.Suarez hobbled off in the 37th minute with what looked like a calf injury before Aduriz came on in the 88th, the 38-year-old striker who has announced he will retire at the end of the season.This was a spectacular start to the finale as Aduriz threw himself into the air and acrobatically volleyed past Marc-Andre ter Stegen to send San Mames wild on La Liga’s opening night.“The competition has put us in our place,” said Gerard Pique afterwards. “We were not us.”Barca were already without Lionel Messi, who sustained a calf injury during pre-season, and before kick-off confirmed they were about to lose Philippe Coutinho, a loan deal “agreed in principle” with Bayern Munich, according to the club’s director Guillermo Amor.Suarez will undergo tests on Tuesday to diagnose the length of his absence but Messi’s return, and perhaps negotiations for Paris Saint-Germain striker Neymar, might assume added urgency during his absence.Antoine Griezmann will be expected to step up too but after joining from Atletico Madrid in July, he endured an underwhelming debut. Coutinho is evidence of the need for time to adjust.Bilbao, who finished eighth last season, held Barca to a goalless draw in February and they were good value for another point until Aduriz intervened.He has scored more than 200 goals in his 20-year career but perhaps none as memorable as this one. La Liga’s first of the season may even prove to be its best.– ‘Beautiful football’ –“Sometimes football can be so beautiful,” said Aduriz afterwards. “It will be impossible not to miss this but everything has a beginning and an end. I am incredibly grateful to be able to choose this ending.”For Barca, there was at least the consolation of an excellent performance from Frenkie de Jong, also making his debut in place of Sergio Busquets.last_img read more

Thurston County Economic Development Council Receives $189,000 to Help Local Companies…

first_imgSubmitted by the Office of Congressmen Denny Heck (WA-10) Congressmen Denny Heck and SBA Administrator Maria Contreras-SweetPhoto Credit Nate GowdyToday, Representative Denny Heck (WA-10) announced the Thurston County Economic Development Council Business Resource Center was selected to receive a U.S.  Small Business Administration grant of $189,000 to provide small businesses the opportunity to expand in order to support local jobs and grow the local economy.The grant, provided through SBA’s ScaleUp Initiative, targets traditionally underserved business owners, including veterans, women, tribal members, and minorities. The Thurston ScaleUp plan works together with South Puget Sound Community College, SBA, and other partners to help these business owners grow their operations.Congressman Denny Heck of Washington’s 10th Congressional District congratulated Thurston EDC on their successful grant request:“As a small business owner, I know the challenges that these business owners face every day,” Heck said. “And I’m not saying every business day. Every single day, weekends and holidays included, they are working hard to expand their operations and create jobs for our community.  This grant honors their hard work behind-the-scenes and encourages them to continue to pursue their great ideas and long-term business goals with even more energy.”“The Small Business Administration appreciates Congressman Heck’s commitment to small businesses in Thurston County and his pragmatism in applying our programs to a promising business community,” SBA Regional Administrator Calvin Goings said. “We are looking forward to helping Thurston County’s small businesses reach the next level and expand their capabilities within their respective industries.”Congressmen Denny Heck announced Thurston County Economic Development Council Business Resource Center was selected to receive a U.S. Small Business Administration grant of $189,000.“The ScaleUp Initiative is a fantastic opportunity for Thurston County’s small businesses to grow to the next level of success,” said Michael Cade, Executive Director of the Thurston Economic Development Council. “Through our partnership with SPSCC at the new Center for Business & Innovation, we will be able to provide all the technical services businesses need to move to the next level. This grant will give us the leverage needed to ensure companies in our community that are on a high-growth trajectory have the tools needed to sustain that growth, contributing to the health of our local economy, and providing high-value jobs.”On July 13, 2015, Congressman Heck wrote to SBA Administrator Maria Contreras-Sweet to express his strong support of ScaleUp Thurston and their proposal.“The Thurston County EDC and BRC are vital to Thurston County’s business community; with an established track record of providing effective technical assistance to small and growing business,” Heck wrote. “ScaleUp Thurston would allow the Thurston County EDC and BRC to provide new services to the business community as well to improve their existing services.”On February 18, 2015, Congressman Heck hosted Administrator Contreras-Sweet in the 10th Congressional District for a small business tour and round table. Facebook35Tweet0Pin0last_img read more

José Mourinho admits he is uncertain about the future of David de Gea

first_imgManchester United Marouane Fellaini Topics Share via Email Share on LinkedIn Premier League news, clásico buildup and more – as it happened Read more Read more Share on Pinterest José Mourinho Manchester United’s shambolic investments lack a grand design Share on Messenger Alexis Sánchez Read more José Mourinho has admitted for the first time he is “not confident” that David de Gea will sign a new contract with Manchester United.The Spaniard’s deal expires next summer, though the club have an option to extend it for a further 12 months. In August United believed they were close to a breakthrough, yet De Gea passed up the chance to commit himself to the club when asked about his future before the Champions League match at Young Boys last month. United will exercise the one-year option but want the goalkeeper to stay longer.center_img Chile Lukasz Fabianski: ‘I needed to build myself up again almost from scratch’ Portugal news “I am not confident,” Mourinho told Sky Sports. “But I am not worried. I am not more than worried. I cannot find the word in English. Let’s see what happens. Only the club, David and David’s people can answer to that. My comment is only one: everybody knows how good he is, everybody knows how important he is for Manchester United. And if Manchester United wants to be better than it is now and not worse than it is now, obviously that would be very important to keep David.”Separately, Mourinho criticised Belgium, Portugal, Chile and Scotland for their treatment of United players over the recent international break. The manager is unhappy with them for not sending Marouane Fellaini, Diogo Dalot, Alexis Sánchez and Scott McTominay respectively back to the club when injured on international duty. He said McTominay was the most likely to be available to face Everton on Sunday. Share on Facebook Share on Twitter Serbia’s Nemanja Matic and England’s Luke Shaw did return after proving unfit when they reported to their national squads. “We go to the national team period in a good situation,” Mourinho said, reflecting on the late victory over Newcastle. “Then after two weeks we lost Dalot, Fellaini, Alexis, we lost McTominay. And some of them, the national teams, were very professional with us [regarding Matic and Shaw] and send the players back and we could start the process early. But some of them wouldn’t and kept the players and we didn’t even know the dimension and nature of injuries.“So players arrive two days before Chelsea, we have no idea what is going on. But we try to solve problems step by step.” Belgium The Fiver: sign up and get our daily football email. Share on WhatsApp Mourinho pointed to Sánchez’s injury problems to explain why the forward is struggling. Sánchez was unavailable for the 3-2 defeat at Brighton in August because of a minor injury but has been fit enough to make eight appearances, from which he has scored only one goal.“He’s struggling because he’s injured,” Mourinho said. “He came to the Chelsea match [playing for five minutes as a substitute last weekend] to try to help the team but his physical condition was not good. So he was not available for Juventus and is not available for Everton again.”Sánchez managed only three goals last season for United after signing in the winter window. Reuse this contentlast_img read more