US chip-maker Intel has said it plans to cut more than 15,000 job cuts as it seeks to revive the business and catch up with competitors.

Shares in the company plunged by up to 20% after it announced the measures, and also reported falling sales.

The news from Intel also hit other shares in other tech giants, and contributed to a sharp fall in Asian stock markets.

Japan’s Nikkei share index closed down 5.8%, the largest percentage fall since March 2020 at the start of the pandemic, with Japanese tech firms among the biggest losers.

Source – BBC

Scope Cinemas is set to revolutionise cinema experiences in Sri Lanka with the opening of its new IMAX®️ Theatre at Havelock City Mall on the 26th of July 2024. This eagerly anticipated launch promises to bring an unparalleled level of audio-visual immersion for Sri Lankan moviegoers, marking a milestone moment for entertainment in the country. IMAX®️ is renowned globally for its cutting-edge technology and unique film presentation capabilities.

Accordingly, the IMAX®️ Theatre at Scope Cinemas Multiplex – Havelock City will feature IMAX®️ with Laser – a next-gen laser projection system – delivering the most advanced theatre experience to date. This tech will be coupled with IMAX®️ Precision Sound for breath-taking audio and IMAX®️ Immersion by Design seating, with stadium-style seating for clear viewing at every seat. All of this makes for the most immersive cinematic theatre experience in the world today. 

Scope Cinemas is Sri Lanka’s first multi-sensory luxury entertainment company, and has been a trailblazer in the local cinema industry since 2017. The company first made waves when it introduced its reliable online booking system, revolutionising the way Sri Lankans book their movie tickets. This innovative approach eliminated the hassle of long queues and offered the convenience of selecting seats and ordering food and beverage online. Scope Cinemas further enhanced the customer experience with its mobile app, allowing users to make reservations and food orders effortlessly from their smartphones.

The brand’s commitment to luxury, convenience and special experiences extends beyond technology, with Scope Cinemas revolutionizing the moviegoing experience by introducing premieres, fan screenings, and bringing its lobbies to life with movie-themed decorations and promotional material to provide an overall immersive experience. Scope Cinemas’ theatres also offer unique cinema dining options, from freshly made burgers and wraps to an array of hot and cold beverages, ensuring that moviegoers can enjoy a complete dining experience alongside their film. Its VIP Gold Class theatres provide an even more indulgent experience with reclining seats, cozy blankets, and personalised service, ensuring a truly first-class movie experience, with premium benefits. Additionally, the company is renowned for its exceptional customer service, with staff trained to provide comprehensive assistance with everything from ticket reservations to delivering food and beverages directly to guests’ seats – all seamlessly.

Thushan Rangana Meemanage – Director and CEO at Scope Cinemas expressed his excitement saying, “Our IMAX®️ Theatre will be the crown jewel in our network, and we are proud to be able to bring this experience to Sri Lanka for the 1st time. From our inception, Scope Cinemas has aimed to set international standards in the country and provide unparalleled cinema experiences. This remains our vision, and bringing IMAX®️ to Sri Lanka is a landmark moment on that journey. We look forward to dazzling audiences with this amazing new entertainment technology.”

Naveed Cader – Executive Chairman at Scope Cinemas added, “Giving Sri Lankans the opportunity to have a Revolutionary cinematic experience is something we’re very passionate about. Thus, we have been working very hard to get ready for the IMAX®️ launch and make sure everything is perfect. Needless to say, we’re very excited to take things up a notch by partnering with IMAX®️ to bring our customers a new, world-class, premium, large-format movie experience right here at home in Sri Lanka.”

Mark your calendars for the 26th of July 2024 and prepare to be awed by the ultimate movie experience at Scope Cinemas’ new IMAX®️ Theatre at Havelock City Mall. This is a cinematic revolution you do not want to miss!

Google is set to manufacture its phones at an existing Foxconn facility in Tamil Nadu, a southern state of India. Additionally, the firm plans to independently produce drones in the state.

Amidst geopolitical tensions with the West, India has emerged as a key destination for global companies seeking to diversify supply lines away from China. Last year, Google announced its plans to manufacture Pixel smartphones in India, starting with the Pixel 8. “India is a priority market for Pixel smartphones, and we’re committed to bringing the best of our hardware and built-in software capabilities to people across the country,” the company stated in a blog post.

Source – BBC