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Eve Online developers CCP are being sold off, according to reports

  • The owners of EVE Online developers CCP Games, Pearl Abyss, are reportedly looking to sell off the company.
  • Pearl Abyss acquired CCP's shares in 2019 for about $181 million.
  • CCP and affiliates have been facing losses, with their mobile game EVE Echoes falling short of expectations.
  • CCP is shifting focus to 'web3' games and an EVE Online FPS despite previous failures in this arena.
  • EVE Online continues to have a dedicated community heavily engaged in the game world.
  • The Imperium alliance is involved in a massive in-game operation called The War of the Ruses.
  • During the Battle of Lantorn, 3,808 players participated and destroyed 306 dreadnoughts.
  • CCP Games have declined to comment on the reports of the potential sale.
  • The future of EVE Online and CCP Games remains uncertain as the situation develops.

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Ara: History Untold gets a beefy update that promises "significant micromanagement reduction" and more competent AI not-Civs

  • Ara: History Untold received a major update known as the Living Strategy update.
  • The update aims to reduce micromanagement and enhance AI opponents in the game.
  • Stardock Entertainment took the lead on post-launch additions for Ara.
  • The update introduces a new 'Living Strategy' view for better gameplay balance.
  • Players can now automate resource selection or control it through policies.
  • AI opponents in the game will make more nuanced decisions and pose a greater challenge.
  • A new battle viewer panel explains fight outcomes more clearly.
  • The game's map has been upgraded to offer more variety in starter setups.
  • Stardock improved graphics, gameplay flow, and addressed bugs in the game.
  • The update may appeal to players dissatisfied with Civ 7's current state.
  • Players can take on roles from dictator to benevolent overlord in the game.

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Pentagon scraps weekly employee check-in emails amid staff-reduction plans

  • The US Department of Defence has ended the requirement for civilian employees to submit weekly email reports listing completed tasks.
  • The initiative aimed to boost accountability and improve efficiency as part of a government programme.
  • Employees were asked to propose a single idea to reduce inefficiencies in their final report.
  • The rule, known as the “What Did You Do Last Week?” check-in programme, only applied to civilian employees.
  • Non-compliance with the reporting requirement had led to warnings of potential voluntary resignation.
  • The Pentagon paused the reporting rule earlier but reinstated it, part of a plan to reduce the civilian workforce by 5 to 8 per cent.
  • More than 50,000 employees could be affected by the staff reductions.
  • The department introduced a deferred resignation programme to help employees transition out later in the year.
  • Critical positions may be preserved despite the staff cutbacks.
  • The termination of the weekly reporting rule suggests the Pentagon is managing downsizing while ensuring operational stability.

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Cyberattack on vendor exposes UBS employee data on darknet

  • Personal information of UBS employees leaked after cyberattack on vendor Chain IQ.
  • Data breach highlights concerns about data security in financial institutions.
  • Cyberattack originated from files stored by Chain IQ, not from UBS internal systems.
  • Stolen data shared on darknet.
  • Leaked info includes names, contacts, and work details, affecting more than 1.3 lakh records.
  • UBS taking measures to secure operations; internal systems not compromised.
  • Chain IQ, a procurement-services firm, headquartered in Zurich, targeted in breach.
  • Another Swiss bank, Pictet, also impacted by a similar cyberattack.
  • Pictet's systems secure; attackers accessed invoice data from external suppliers.
  • Both UBS and Pictet conducting internal investigations post the breach.
  • Incident underscores the need for enhanced third-party cybersecurity measures in the finance sector.

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Gratuity benefits extended to unified pension scheme 

  • The Union government has extended gratuity benefits to those covered under the Unified Pension Scheme (UPS), aligning it more closely with the Old Pension Scheme (OPS).
  • Central government employees under UPS are now eligible for gratuity payouts under the Central Civil Service Rules, offering financial reassurance at retirement or in case of death.
  • This move follows appeals by staff unions to match NPS-linked schemes with OPS benefits, providing employees under UPS with up to Rs 25 lakh in gratuity.
  • The Unified Pension Scheme, combining NPS and OPS features, includes a guaranteed monthly pension and a minimum pension amount for qualifying employees.
  • Government employees contribute 10% of their salary plus DA, while the government's contribution now stands at 18.5%, higher than under NPS.
  • Families of UPS-covered employees now have the option to revert to OPS in cases of death, incapacitation, or disability, if the option was previously chosen by the deceased.
  • This decision is seen as a progressive reform enhancing social security and retirement certainty, aiming to promote wider adoption of the UPS model.

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MP government clears path for long-delayed employee promotions

  • Madhya Pradesh government approves resuming promotions for employees after a decade-long freeze.
  • The promotion process had been on hold since 2016 due to legal issues surrounding reservation in promotions.
  • In 2002, promotion-related reservation rules were introduced, leading to a controversy over favored promotion of reserved category employees.
  • In April 2016, Madhya Pradesh High Court invalidated the promotion rules, stopping promotions altogether.
  • The government's move to resume promotions aims to address the long-standing issue and boost employee morale.
  • The step is expected to fill key positions that remained vacant due to the halted promotions.
  • The decision was taken by the cabinet led by Chief Minister Mohan Yadav on 15 June.
  • This administrative decision allows departments to evaluate and promote eligible staff who have been awaiting promotions for years.
  • The approval signifies a positive development for the thousands of Madhya Pradesh government employees.
  • The move is set to improve administrative efficiency and enhance career growth opportunities for the employees.
  • The resumption of promotions is likely to have a significant impact on the overall work environment within the state departments.

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How business leaders like Jeff Bezos and Mark Cuban feel about work-life balance

  • CEOs and business leaders have varying opinions on work-life balance, with some supporting it while others see it as a hindrance to success.
  • Mark Cuban believes there is no balance for highly ambitious individuals who want to achieve great success in their endeavors.
  • Leon Cooperman emphasizes the importance of loving what you do and finding harmony between work and personal life.
  • Jeff Bezos advocates for work-life harmony over the traditional concept of balance, stating that happiness in one area energizes productivity in another.
  • Satya Nadella suggests focusing on work-life harmony rather than striving for a perfect balance between work and personal life.
  • TIAA's CEO, Thasunda Brown Duckett, views work-life balance as a myth and emphasizes managing life as a 'portfolio' of different roles.
  • Eric Schmidt initially criticized work-life balance at Google, attributing it to the company falling behind in AI, but later retracted his comments.
  • Arianna Huffington promotes work-life integration, believing that improvements in one's personal life can enhance productivity in work.
  • Elon Musk and Jack Ma are known for their relentless work ethic, with Musk expecting grueling work hours and Ma endorsing the '996' work culture.
  • While opinions on work-life balance vary among business leaders, the importance of finding a personal approach that aligns with individual values and goals remains crucial.

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XCOM 2 is $2.40, and its excellent DLC War of the Chosen ain't far off—making the all-time tactical strategy great cheaper than takeout

  • XCOM 2, a top-notch tactical strategy game, is on sale for $2.40 with its DLC War of the Chosen available for $4.70 on GOG summer sale.
  • Players are encouraged to customize and name their in-game characters for a more immersive experience.
  • The game offers high-risk missions where luck can heavily influence the outcomes, creating compelling and sometimes heart-wrenching narratives.
  • The Reinforcement Pack, offering extra content including mechs, is also discounted at $4.30.
  • XCOM 2 provides an intense gaming experience, emphasizing the importance of decision-making in a risky environment.
  • Players can purchase XCOM: Enemy Unknown and its expansion, Enemy Within, for $6.70.
  • The game has been praised for its engaging gameplay and challenging decisions, receiving high scores in reviews.
  • The discounted prices make these games a worthwhile investment for fans of turn-based tactics and strategic gameplay.
  • XCOM 2 stands out for its emergent storytelling and the impact of even small probabilities on gameplay outcomes.
  • The sale offers a budget-friendly opportunity to experience the genre-defining gameplay of XCOM 2.
  • Personalizing squad members and investing in their stories adds emotional depth to the gameplay experience.
  • Critics have lauded XCOM 2 as a milestone in the tactical strategy genre, capturing the essence of tabletop RPGs.
  • Discounted prices and compelling gameplay make XCOM 2 a highly recommended title for strategy game enthusiasts.
  • The immersive game experience and challenging decisions in XCOM 2 make it a standout title amongst tactical strategy games.
  • XCOM 2 and its DLC War of the Chosen are currently available at affordable prices during the GOG summer sale.
  • XCOM 2 presents players with intricate decision-making scenarios and impactful consequences, contributing to its engaging gameplay.
  • XCOM 2's sale prices offer a cost-effective means for players to delve into its captivating tactical strategy gameplay.

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Analyst Warns: Strategy On Track For Historic Collapse, Bigger Than FTX

  • On-chain analyst OxChain raised concerns about a potential catastrophic collapse involving Strategy, a Bitcoin proxy firm co-founded by Michael Saylor, surpassing the FTX collapse.
  • OxChain suggested that Strategy's aggressive Bitcoin accumulation tactics resemble a Ponzi scheme.
  • Since 2020, Strategy has become a major player in the Bitcoin market, holding around 582,000 BTC valued at nearly $61 billion.
  • The analyst highlighted that Strategy's approach involves a cycle of raising capital, purchasing Bitcoin, and driving stock prices up through announcements.
  • OxChain believes Strategy's risk exposure is increasing, especially with a new $1 billion share sale.
  • The analyst warned about major liquidation risks for Strategy if Bitcoin's price falls significantly below their average cost per Bitcoin of $70,000.
  • Strategy disclosed $5.9 billion in unrealized Bitcoin losses in Q1 2025, under new accounting standards, leading to legal repercussions.
  • Shareholders filed a lawsuit alleging that Strategy concealed risks associated with Bitcoin volatility while raising capital aggressively.
  • OxChain mentioned that Strategy's role as a Bitcoin access point is diminishing as institutional capital flows into more regulated options like IBIT from BlackRock.
  • Strategy's potential collapse could have far-reaching implications as the firm holds a significant portion of Bitcoin's total supply, with liquidation risks looming.
  • A decline of Bitcoin's price by 22% from Strategy's average buy price could trigger massive corporate liquidations.
  • OxChain depicted Strategy as a risk vector heavily reliant on leverage and market sentiment, not fitting into clear hero or villain roles in the crypto ecosystem.

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Unlocking Your Product’s Potential: Conducting Internal Analysis

  • Internal analysis helps product managers identify strengths and weaknesses to ensure alignment and competitiveness.
  • The VRIO framework assesses resources for sustainable competitive advantage through Value, Rarity, Imitability, and Organization.
  • Value assesses a resource's ability to meet customer needs and outpace competitors.
  • Rarity determines if a resource is unique and provides a competitive edge.
  • Imitability evaluates how easily competitors can replicate a resource.
  • Organization looks at the company's structure to leverage resources effectively.
  • Resources that are valuable, rare, hard to imitate, and well-organized provide sustainable competitive advantage.
  • Core competencies should be protected and scaled, while temporary advantages require continuous innovation.
  • Misclassifying resources can lead to overconfidence in competitiveness.
  • Collaborative VRIO analysis across functions ensures a comprehensive view of competitive assets.

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See the Playing Field: External Analysis for Strategic Product Decisions

  • Internal analysis of Opportunities and Threats in SWOT helps in making strategic product decisions by exploiting external openings and addressing external forces.
  • Opportunities include emerging technologies, shifting customer behaviors, regulatory changes, and untapped market segments for growth.
  • Threats encompass new entrants, competitive intensity, macroeconomic headwinds, compliance challenges, and regulatory changes.
  • External SWOT analysis evolves with new industry reports and competitor breakthroughs, guiding planning cycles.
  • PESTLE survey examines political, economic, social, technological, legal, and environmental factors for strategic insights.
  • Product decisions involve evaluating signals, implications, and opportunities, such as integrating new technologies or partnerships.
  • Considerations like supplier power, buyer power, threat of substitutes, and industry rivalry shape product strategy and differentiation.
  • By aligning external factors with Porter's Five Forces, product managers prioritize actions based on impact and feasibility.
  • Translate high-priority opportunities and threats into strategic product actions with concrete tactics for execution.
  • Monitor emerging trends' implications, indirect threats, and validate opportunities before committing significant resources.
  • Closely analyze substitutes and changing consumer behaviors to anticipate market shifts and adapt product strategies accordingly.

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How corporate prejudices are strangling innovation in the workplace

  • In corporate India, assumptions based on credentials, fluency, and confidence often lead to hiring failures and hinder innovation.
  • Confirmation bias in recruitment processes causes organisations to mistake credentials for capability, stifling curiosity and dissent.
  • Prestigious backgrounds are wrongly assumed to guarantee performance, neglecting the need for practical experience and onboarding.
  • Hiring solely from the same industry limits diversity of thought and hampers challenging the status quo.
  • Familiarity bias and hierarchical cultures in workplaces deter employees from speaking up, perpetuating exclusionary dynamics.
  • Leaders are urged to foster radical candour and psychological safety to encourage genuine insights and critical thinking.
  • Progressive leaders promote a culture of questioning assumptions and conviction-based decision-making to unlock innovation.
  • Building diverse teams with varied perspectives is crucial for combating false certainty and fostering continuous evolution.
  • Assumptions act as barriers to innovation, stifling new thinking and impeding organizational growth.
  • Challenging the assumption trap is essential for companies to embrace curiosity over credentials and drive true innovation.
  • Web Story Eligibility: True

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Welspun Living and NSDC collaborate to upskill Indian textile workforce

  • Welspun Living (WLL) partners with NSDC to launch a skilling initiative for textile sector.
  • Training to be conducted at Welspun's facilities in Anjar and Vapi, Gujarat.
  • Program includes classroom training and on-the-job training.
  • Training covers machine handling, production processes, quality control, safety protocols, and soft skills.
  • Trainees to receive joint certification from NSDC and Welspun with job assurances.
  • Rs 4.25 crore investment for training, travel, and stipends, aiming to train 1,000 candidates in pilot phase.
  • Focus on gender and regional equity with at least 50% women participation from underrepresented regions.
  • Objective is to create a sustainable talent pipeline and advance gender equality in the textile sector.
  • Initiative highlights commitment to inclusive growth by empowering women in the industry.
  • Scheme launched by Union Minister of State for Skill Development and Entrepreneurship and Mizoram Chief Minister.
  • Key government leaders including ministers from Mizoram and Nagaland present at the event.

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7 Harsh Truths About AI That No One Talks About in 2025

  • The gap between AI promises and reality is substantial, with costs far exceeding initial estimates.
  • Integrating AI into existing systems is complex and messy, often requiring significant adjustments.
  • A significant skills gap exists in managing AI and adapting to constantly evolving requirements.
  • Measuring AI ROI is challenging due to the inadequacy of current metrics for AI success.
  • AI introduces new security challenges, with an increasing risk of AI-driven attacks and unauthorized AI tool usage.
  • Governance lag poses a significant issue as regulations struggle to keep up with the rapid advancement of AI capabilities.
  • AI's high energy consumption poses a threat to sustainability goals and strains power grids.
  • Organizations turning a blind eye to these harsh truths face failed projects and budget overruns.
  • The future of AI depends on acknowledging limitations and integrating it thoughtfully into our human world.
  • Navigating the challenges of AI and leveraging them into competitive advantages is crucial for success.

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Swiggy elevates Saurav Goyal to SVP-driver and delivery product & ops

  • Swiggy has promoted Saurav Goyal to senior vice president-driver and delivery product & operations.
  • Goyal joined Swiggy in July 2022 as vice president-business finance.
  • He holds a master's degree in Advanced Economics and an MBA in finance and operations.
  • Goyal started his career as a summer intern with Tata Communications in 2006.
  • He held various roles at Tata Communications, reaching the position of associate director before moving to Flipkart.
  • Goyal also worked at Ola as senior director-business finance from 2018 to 2020.
  • Since July 2020, Goyal has been instrumental in driving outcomes for Swiggy.
  • In his new role, Goyal will lead the Driver and Delivery Org to empower delivery partners.
  • Goyal's promotion aligns with Swiggy's focus on internal talent development and organizational readiness.
  • According to Swiggy's CHRO, Goyal's elevation reflects the company's commitment to nurturing internal talent.
  • Goyal will continue to oversee business finance until a replacement is appointed.

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