Coronavirus: Sony ‘to double PS5 production to meet demand due to pandemic’ | Science & Tech News

Sony is reportedly boosting production of the upcoming PlayStation 5 console with an expectation that home entertainment demand will be higher due to the coronavirus pandemic.

The company is now aiming to manufacture around 10 million units of the PS5 ahead of the launch this winter, up from a minimum of five previously.

However logistical challenges associated with the COVID-19 pandemic could suppress sales by preventing Sony from shipping the product and getting it on to shop shelves, Bloomberg reported.

According to Bloomberg, which spoke to suppliers, Sony began mass production of the PS5 in June and expects to have assembled five million units by the end of September – with another five million coming between October and December.

Two versions of the new console were revealed online in June, a standard PS5 and the PS5 Digital Edition, which appears not to have a disc drive.

Sony also showed

Read More

Coronavirus: Demand for new cars falls by 34.9% as dealerships get used to ‘new normal’ | Business News

Demand for new cars fell by 34.9% last month, according to figures from the Society of Motor Manufacturers and Traders (SMMT).

Only 145,377 new cars were registered in June, compared with 223,421 during June 2019.

The SMMT blamed this on uncertain economic conditions and dealerships in Wales and Scotland having remained closed for much of June due to coronavirus lockdown rules.

Nearly 616,000 fewer new cars were sold in the first six months of this year compared with the same point last year – and year-on-year demand in April and May was down 97.3% and 89.0% respectively.

There were far fewer vehicles on Britain’s roads at the height of lockdown

SMMT chief executive Mike Hawes said: “While it’s welcome to see demand rise above the rock-bottom levels we saw during lockdown, this is not a recovery and barely a restart.

“Many of June’s registrations could be attributed to customers

Read More

Accenture to cut 900 UK jobs as pandemic hits demand

Accenture will cut up to 900 jobs in the UK as the US-listed consultancy lowers costs due to a decline in work during the coronavirus pandemic.

The company told its 11,000 employees in the UK this week that about 8 per cent of jobs at all levels would be cut. Redundancies will start this month and conclude by September.

Demand for consultants has dropped during the financial downturn caused by the pandemic, as companies have paused deals and put large transformation projects on hold. Source Global Research, which advises the professional services industry, estimated the size of the global consulting sector would constrict by nearly a fifth to $130bn in 2020.

The UK’s large advisory and accounting firms Deloitte, PwC, KPMG and EY have cut partner pay by between 20 per cent and 25 per cent since March to preserve cash as fees, particularly from management consulting and tax work,

Read More

Fuel demand, coronavirus in focus

An aerial view shows a cruise ship (L) and tanker vessel anchored near the ports of Long Beach and Los Angeles amid the coronavirus pandemic on April 28, 2020 off the coast of Long Beach, California.

Mario Tama | Getty Images

Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases and California reimposed some lockdown measures, stoking worries a resurgence in COVID-19 cases will stall a recovery in fuel demand.

U.S. West Texas Intermediate (WTI) crude futures fell 10 cents, or 0.3%, to $39.72 a barrel at 0148 GMT, trimming a 1.4% rise from Wednesday.

Brent crude futures eased 6 cents, or 0.1%, to $41.97 a barrel, after rising 1.8% in the previous session.

California sharply rolled back efforts to reopen its economy on Wednesday, banning indoor restaurant dining in much of the state, closing bars and beefing up enforcement of social

Read More