HONG KONG (Reuters) – China’s end to a massive crackdown on the video game market is expected to revive the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Severe restrictions imposed by Beijing in 2021 have laid waste to the once thriving industry, … Read more
DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corporation (MSFT.O) On Wednesday, it said it would cut 10,000 jobs and charge $1.2 billion in profits, as cloud computing customers reassess their spending and the company prepares for a possible recession. The layoffs, which were much larger than the cuts Microsoft made last year, add to the … Read more
DAVOS, Switzerland (Reuters) – The prospect of an imminent global recession cast a long shadow over Davos on Monday as participants packed into the opening annual meeting of the World Economic Forum about the potential cost to their economies and businesses. Two-thirds of the leading private and public sector economists surveyed by the World Economic … Read more
