IHS predicts Project Scorpio price will be £429 in the UK

"We now assume a Project Scorpio price point of $499/€499/£429", said IHS Markit's Piers Harding-Rolls.

Project Scorpio will finally get its first public showing at tonight's Microsoft E3 press conference, and market research firm IHS Markit has predicted that Microsoft's new machine will cost £429 in the UK. The launch is scheduled tomorrow and before that from the official tweet we came to know there is a $50 price drop on the console. The software giant announced the price drop on Twitter today, simply revealing that Xbox One S consoles and bundles will drop by $50 tomorrow.

During his show Pachter Factor, he set out to list his predictions for E3 2017, with the Xbox Scorpio price headlining it.

It includes graphical processing power at least four times that of the existing Xbox One.

On the PlayStation front, we're hoping to hear about titles teased in last year's conference.

London police arrest another attack suspect
The Italian authorities said he was on a terror watchlist and information had been uploaded to a database shared with Britain. Police investigating the attack arrested a 30-year-old man on suspicion of terror offences on Wednesday morning.

China factory activity held steady in May, index shows
In Germany, the final manufacturing PMI rose more-than-expected to a level of 59.50 in May, compared to a level of 58.20 in April. The Indian manufacturing sector, however, stayed in expansion mode for the fifth consecutive month in May.

Comey expected to refute Trump
Some of the commentary in it - including the title - echoes public statements by Trump and other administration officials. Trump continues to praise Comey's decision to reveal the FBI's review of new emails.

Nintendo seems primed to focus on its new, open-world Mario game, Super Mario Odyssey, which will give players free reign to move about the planet in the shoes of everyone's favourite plumber.

Part of the huge fun of E3 is seeing new titles.

Microsoft affirmed it won't report "Halo 6" at E3, however, promised that there could be a bit of something for enthusiasts of that establishment.

The industry group that runs the show said there will be 128 exhibitors showing off their VR work at the show. The briefing kicks off right away at 2 p.m. PT / 5 p.m. ET, and we'll bring you the latest as it unfolds.


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