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Amazon is reportedly working on a low-cost storefront to rival Temu

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Amazon is reportedly working on a low-cost storefront to rival Temu

Amazon may be working on a secondary online sales platform that would compete with the absurdly low prices of Chinese retailer Temu. The Information that it has seen internal information sent to Amazon merchants that detail some of the price caps for this new storefront.

The outlet claims the upper limit of prices are set at $8 for jewelry, $9 for bedding, $13 for guitars and $20 for sofas that are shipped from its fulfillment center in Guangdong, China under this new “Low-Cost Store.” According to the site’s sources, orders from this storefront would have slower shipping timelines of nine to 11 days, but would also charge lower fulfillment fees to sellers. A seller would be charged between $1.77 and $2.05 to ship a 4-8 ounce item through the Low-Cost Store, compared with a $2.67 to $4.16 charge for an item of that weight shipped under Fulfillment by Amazon from a domestic warehouse, according to The Information.

Amazon has not set price limits on its eponymous online storefront, so this new platform will be a markedly different strategy from its usual approach. It’s more in line with the pricing policy followed by Temu, which launched in 2022. In just two years, the bargain basement ecommerce platform has garnered a reputation for selling items of as well as questions about relying on .

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Netflix shutters its only triple-A studio, loses major industry hires

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Netflix shutters its only triple-A studio, loses major industry hires

Netflix today closed one of its internal game studios, one which was poised to release a triple-A title, before it was able to produce anything. The studio was called Team Blue, founded in 2022 and based on Los Angeles, and was allegedly working on a PC game. As a result of this studio closure, the company has also lost the talent it very publicly hired, and has also reportedly made other layoffs in its games division.

Game File reported the closure, saying that Team Blue was working on a “big-budget multi-device strategy” at the time. To staff out this new studio, Netflix hired several recognizable names from major games companies — including studio lead Chacko Sonny, formerly Overwatch’s executive producer; creative director Joseph Staten, formerly creative lead on Halo; and art director Rafael Grassetti, formerly of Sony Santa Monica. According to the Game File report, all three have left the company with the closure of the LA studio.

Netflix has several internal studios where it’s building games for its platform. It acquired the likes of Night School, Boss Fight, Next Games and Spry Fox, and built two studios of its own — aside from Team Blue, it also has a studio in Helsinki. At present, those studios all appear to be intact, though a recent report from Business Insider suggests that Netflix has laid off several people within its games division.

The streaming company has also shifted its games strategy this year, as Mike Verdu, who spearheaded its games initiative, shifted to a new role. It also hired Alain Tascan as its president of games earlier this year. Shortly before Tascan’s hiring, Netflix’s VP of external games Leanne Loombe told the Washington Post that the company wanted to take a mobile-first approach to games launches, and mentioned that Netflix’s subscribers appear to favor short, “snackable” mobile games.

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Artiphon’s new Orba instrument can sample sounds live

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woman playing with Orba

Almost exactly two years after releasing the Orba 2, Artiphon is completing the trilogy. The newly announced Orba 3 finds the Nashville-based startup baking live sampling into its clever handheld instrument. The feature arrives by way of a built-in microphone, which lets users record their voice, instruments, and other sounds.

All of that can be accomplished on-device, meaning there’s no need for an external system to load sounds onto the instrument. Instead, you click the big, red Sample button on the side, record a sound, and that’s pretty much it.

Switching the Orba into one of the four different modes — bass, chord, drum, lead — assigns different properties to the sound. It’s a clever addition to what was already an extremely fun little gadget.

“In Drum mode, each pad can hold a unique sample, while in Chord mode, samples are automatically tuned to fit musical chords,” the company explains. “This is made possible by a sophisticated sound engine that automatically crops, tunes, and perfects the audio.”

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Image Credits:Artiphon

As with its predecessors, the Orba 3 can be used as a MIDI controller when connected to an external device via USB-C.

The instrument is available for $160 on Artiphon’s website. The Orba 2 is sticking around, meanwhile, now priced at $120. Artiphon announced the Chorda last year, which TechCrunch described as a mashup between Orba and the company’s first offering, Instrument 1.

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A ‘tidal wave’ of LNG supply will reshape global markets, says RBC Capital

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A 'tidal wave' of LNG supply will reshape global markets, says RBC Capital


Liquefied natural gas (LNG) storage units.

Dan Kitwood | Getty Images News | Getty Images

The biggest influx of liquified natural gas (LNG) supply is coming online and it will transform the global market, bringing about wide and enduring effects, said RBC Capital Markets.

“A wave of new LNG supply —the biggest yet— is set to reshape the global market in the coming years, with broader implications than prior growth given increasing inter-linkages between regional gas markets following the Russia-Ukraine conflict,” analysts from the investment bank wrote in a note. 

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The supply injection is likely to thrust the market into an extended period of oversupply by the end of 2026, which will remain until 2030, with prices possibly moving below double-digits, analysts such as RBC’s Anan Dhanani have projected.

Futures for the Dutch Title Transfer Facility (TTF) hub, a European benchmark for natural gas transactions, were trading at $12.78 per mmbtu on Wednesday on the New York Mercantile Exchange.

Throughout the year, a growing chorus of analysts have warned that tepid demand growth coupled with looming waves of export capacity could lead to a massively oversupplied market. As a stream of planned infrastructure continues to flood the market, it’s unclear if demand will increase to absorb each wave.

Oversupply and depressed prices underscore the bearish sentiments in the LNG sector, said Rystad Energy senior analyst Masanori Odaka. Suppliers are now increasingly prioritizing LNG used for shipping utilization over arbitrage opportunities, i.e. profit margins.

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Commodity arbitrage involves the simultaneous or sequential buying and selling of commodities across different markets to profit from the price difference.

Global LNG trade has doubled in the last decade, growing from around 240 metric ton in 2014 to more than 400 metric ton last year, largely caused by the disruption of Russian pipeline gas to Europe, according to RBC Capital. Some had perceived the geopolitical risk as an opportunity in the market.

The investment bank projected that global liquefaction capacity, the total amount of LNG that can be produced annually, will grow by around 50% by the end of the decade. The U.S. and Qatar will hold onto their position as the world’s biggest suppliers, with a combined market share of almost 50% in 2030, RBC added.

Many private companies and state-owned entities have plans to boost capacity, “not only to backstop European consumption but to also capture an expected growth in consumption rates, particularly in Asia,” RBC’s analysts said.

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But demand from the Asia-Pacific region, the biggest importer of LNG, is only expected grow by an average of 5% annually. Around 70% of this growth will stem from China, India and South Korea.

Meanwhile, LNG prices have not seen major fluctuations despite escalating geopolitical tensions. “Surprisingly quiet” was how Meg O’Neill, managing director and CEO of Woodside Energy, described the market.

“For me, maybe that’s a sign that there’s sufficient supply sources around the world to help mitigate any temporary supply disruption coming out of the Middle East. And that’s probably true for both oil and LNG,” O’Neill told CNBC on the sidelines of the annual Singapore International Energy Week conference. 

There are other looming challenges to the LNG sector that could affect global markets. The 2024-25 Northern Hemisphere winter is in sight and existing contracts of Russian gas deliveries to Europe through Ukraine are set to expire at the end of 2024, the International Energy Agency pointed out.

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“This could mean an end to all piped gas deliveries to Europe from Russia through Ukraine,” the IEA wrote in a recent note. “This in turn would require higher LNG imports into Europe next year, resulting in a tighter global gas balance.”



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The Boox Palma 2 has a faster processor and adds a fingerprint reader

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The Boox Palma 2 has a faster processor and adds a fingerprint reader

Boox has announced the Palma 2, the next version of its popular smartphone-sized e-reader. The Palma 2 addresses some of the original’s shortcomings, with a faster processor to address the original’s laggy interface and by running a newer version of Android.

The original Palma ran on Android 11, but the new Palma 2 will debut with Android 13.
Image: Boox

But it was the Palma’s compact size and access to thousands of apps that helped it become a popular Kindle and Kobo alternative, and Boox isn’t messing with that formula for the Palma 2. It features the same 6.13-inch 300ppi E Ink Carta 1200 screen as the original (a generation behind what’s found in the latest Kindle Paperwhite) and once again comes with 6GB of RAM and 128GB of storage.

Although Boox hasn’t shared specific details, it says the new Palma 2 now runs a “faster octa-core CPU,” which will hopefully help speed up the new e-reader’s interface. It also runs Android 13 instead of Android 11. That’s still a few generations behind the latest version of Android, but it means the Palma 2 will get newer features like improved copying and pasting. It should also give the e-reader a few more years over the original before apps stop supporting its version of the OS.

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The other notable upgrade for the Palma 2 is the addition of a fingerprint sensor integrated into its power button, making it easier to secure the device while still being able to quickly unlock it with just one hand.

The Palma 2 still features a rear-facing camera that can be used for digitizing documents.
Image: Boox

Although leaked images from earlier this week suggested Boox could be eliminating cameras from its smartphone-sized e-readers, that was only the case for a version of the Palma limited to China. The Palma 2 has the same 16MP rear camera with flash as the original, which the company suggests is useful for digitizing documents.

The Boox Note Air4 C features a color E Ink screen and a faster processor than its predecessor.
Image: Boox

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Alongside the Palma 2, Boox also announced two new e-paper note-taking devices. The 10.3-inch Note Air4 C features the latest-gen Kaleido 3 color E Ink display with improved refresh rates and an octa-core processor that Boox says makes the tablet 50 percent faster than the previous model. The $499.99 Note Air4 C also runs Android 13 and has a new “tablet-like UI” that the company says makes it easier to customize its homescreen and organize apps.

The new Boox Note Max is a black-and-white, stylus-capable tablet featuring a larger 13.3-inch E Ink Carta 1300 display powered by a 2.8GHz octa-core CPU. At just 4.6 millimeters thick, the Note Max is almost half as thick as the Boox Palma 2. But unlike Boox’s other two devices introduced today, it won’t be available for preorder from the company’s online store for a few more weeks.

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NYT Connections today — hints and answers for Wednesday, October 23 (game #500)

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NYT Connections homescreen on a phone, on a purple background

Good morning! Let’s play Connections, the NYT’s clever word game that challenges you to group answers in various categories. It can be tough, so read on if you need clues.

What should you do once you’ve finished? Why, play some more word games of course. I’ve also got daily Wordle hints and answers, Strands hints and answers and Quordle hints and answers articles if you need help for those too.

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Watch | SpaceX successfully catches Starship rocket booster at landing pad

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Watch | SpaceX successfully catches Starship rocket booster at landing pad

SpaceX launched its enormous Starship rocket on Sunday on its boldest test flight yet, catching the returning booster back at the pad with mechanical arms.

Towering almost 400 feet (121 metres), the empty Starship blasted off at sunrise from the southern tip of Texas near the Mexican border. It arced over the Gulf of Mexico like the four Starships before it that ended up being destroyed, either soon after liftoff or while ditching into the sea. The last one in June was the most successful yet, completing its flight without exploding.

This time, SpaceX founder and CEO Elon Musk upped the challenge and risk. The company brought the first-stage booster back to land at the pad from which it had soared seven minutes earlier. The launch tower sported monstrous metal arms, dubbed chopsticks, that caught the descending 232-foot (71-metre) booster.

The tower has caught the rocket!! Musk said via X.

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Company employees screamed in joy as the booster slowly lowered itself into the launch tower’s arms.

Even in this day and age, what we just saw is magic, SpaceX’s Dan Huot observed from near the launch site. I am shaking right now.”

Folks, this is a day for the engineering history books, added SpaceX’s Kate Tice from SpaceX headquarters in Hawthorne, California.

It was up to the flight director to decide, in real time with a manual control, whether to attempt the landing. SpaceX said both the booster and launch tower had to be in good, stable condition. Otherwise, it was going to end up in the gulf like the previous ones. Everything was judged to be ready for the catch.

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The retro-looking stainless steel spacecraft on top continued around the world once free of the booster, targeting a controlled splashdown in the Indian Ocean, where it would sink to the bottom. The entire flight was expected to last just over an hour.

The June flight came up short at the end after pieces came off. SpaceX upgraded the software and reworked the heat shield, improving the thermal tiles.

SpaceX has been recovering the first-stage boosters of its smaller Falcon 9 rockets for nine years, after delivering satellites and crews to orbit from Florida or California. But they land on floating ocean platforms or on concrete slabs several miles from their launch pads not on them.

Recycling Falcon boosters has sped up the launch rate and saved SpaceX millions. Musk intends to do the same for Starship, the biggest and most powerful rocket ever built with 33 methane-fuel engines on the booster alone. NASA has ordered two Starships to land astronauts on the moon later this decade. SpaceX intends to use Starship to send people and supplies to the moon and, eventually Mars.

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