The Russian subsidiary of Alphabet Inc’s Google has filed for insolvency, according to a message posted on Russia’s official registry Fedresurs on Wednesday. The subsidiary was “submitting a notice of the intention to declare itself insolvent (bankrupt)”, the note said. “Since March 22, 2022, it foresees its own bankruptcy and inability to fulfil its monetary… Read More Google’s Russian subsidiary files for bankruptcy
Alibaba Group Holding has laid off about 40% of the staff in its Russian joint venture as the ongoing Ukraine crisis disrupts cross-border business, the Nikkei reported on Friday. Citing an employee with knowledge of the matter, the report said it was not clear if there would be more layoffs, after some of the laid-off… Read More Alibaba lays off forty percent of AliExpress Russia staff
Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc was “temporarily on hold” while he waits for the social media company to provide data on the proportion of its fake accounts. Twitter shares initially fell more than 20% in premarket trading, but after Musk, the chief executive of electric car market… Read More Elon Musk puts $44billion Twitter acquisition deal on hold over fake account data
Cryptocurrencies nursed large losses on Friday, with bitcoin trading near $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. Sentiment is particularly fragile,… Read More Cryptocurrencies record massive losses following stablecoin collapse
North Korea fired three ballistic missiles toward the sea off its east coast on Thursday, South Korea said, in the latest such move by the isolated country racing to advance its weapons programmes on the day it first reported a COVID-19 outbreak. Japan’s coastguard confirmed the launch of a ballistic missile by North Korea, citing… Read More North Korea test-fires three ballistic missiles towards sea off east coast
Siemens will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro (an equivalent of $630 million) hit to its business during the second quarter, with more costs to come. The German industrial and technology group became the latest multinational to announce losses linked to its… Read More Siemens to quit Russian market over Ukraine invasion
Elon Musk said on Tuesday Twitter Inc might charge a “slight” fee for commercial and government users, part of the billionaire entrepreneur’s push to grow revenue which has lagged behind larger rivals like Meta Platforms Inc’s Facebook. “Twitter will always be free for casual users, but maybe a slight cost for commercial/government users,” Musk said… Read More Twitter chief executive Elon Musk says platform might charge fee for commercial and government users
North Korea has fired an unidentified projectile toward the sea off its east coast, South Korea’s military said on Wednesday, about a week after the North vowed to develop its nuclear forces “at the fastest possible speed.” The launch, which marks the North’s 14th major weapons test this year, comes days before South Korea’s newly… Read More North Korea fires projectile towards sea off east coast
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