Sony said today it will let go about 900 people, or 8% of is global PlayStation headcount, the latest layoffs to hit the gaming industry. In blog post titled “Difficult News About Our Workforce,” the company said employees across the globe, including studios, are impacted. U.S. staffers will all be …
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Some creditors of cryptocurrency futures exchange CoinFLEX are alleging that OPNX, a new crypto exchange established in part by Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, was created using CoinFLEX assets without their consent. According to a writ of summons filed in the High Court of Hong …
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Evergrande has informed the Hong Kong Stock Exchange that it intends to delay a restructuring meeting because things are not going as planned. Shares of Chinese real estate company Evergrande Group fell up to 22% on Monday after the firm announced it would delay a debt restructuring meeting due today. …
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Ant Group’s IPO was halted in 2020 after the Chinese government intervened, citing rising concerns about the company’s growth and potential systemic threats to the financial industry. Chinese fintech giant Ant Group, backed by billionaire Jack Ma, has made headlines with its plan to undergo a strategic restructuring and cut …
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Following its Q1 2023 profit, Huobi expects an even bigger net income haul of $110 million for the second quarter. Crypto exchange Huobi reportedly made a tidy $30 million in profit for Q1 following a restructuring. The Seychelles-based company’s return to profitability came after cutting down its workforce and benefits accruable …
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The Alibaba growth sentiment has spread to the entire Chinese sector with the shares of other competing firms soaring following the news. The shares of Chinese multinational e-commerce and tech giant Alibaba Group Holding Ltd (HKG: 9988) is trading at a very high growth rate today as the company said …
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Chinese e-commerce giant Alibaba has confirmed plans to split into smaller groups to allow each one pursue independent IPO. Alibaba Group Holding Limited (NYSE: BABA) recently announced plans to split into 6 business units, each capable of pursuing an IPO. According to the Chinese e-commerce giant, the move seeks to “unlock …
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Edited By: Pathikrit Sen Gupta Last Updated: January 21, 2023, 01:13 IST External affairs minister S Jaishankar meets minister of foreign affairs of Sri Lanka Ali Sabry, in Colombo, Sri Lanka. (Image: PTI) While visiting the island nation on January 19-20, the external affairs minister called on President Ranil Wickremesinghe …
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Friday, the 13 of January in the year of our Lord, 2023, a most telling date. Jubilee House, Ghana’s presidential palace, an apt address. And a momentous meeting. In attendance: the movers and shakers of public and commercial finance in the country. Arrayed on one side was the government, led …
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Commercial Presently, Sri Lanka is within the technique of restructuring its overseas debt after saying the nation’s first sovereign default on April 12. As the biggest bilateral creditor, China is enjoying a key position in Sri Lanka’s debt restructuring course of. The subject shouldn’t be merely a home and bilateral …
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