Google’s Russian subsidiary files for bankruptcy

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

Elon Musk puts $44billion Twitter acquisition deal on hold over fake account data

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 record massive losses following stablecoin collapse

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 test-fires three ballistic missiles towards sea off east coast

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

Twitter chief executive Elon Musk says platform might charge fee for commercial and government users

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 fires projectile towards sea off east coast

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