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SoftBank Group logs $7.2 billion full-year loss on tech woes
SoftBank Group logs $7.2 billion full-year loss on tech woes
by  AFP

SoftBank Group reported an annual net loss of over $7.2 billion on Thursday after a bruising year for the tech startup sector in which it is heavily invested. The company said its annual net loss came to 970 billion yen ($7.2 billion) on sales of 6.57 trillion yen, reflecting in part major losses from its Vision Fund portfolios.

'A game of chance': Migrants battle glitchy app at US border
'A game of chance': Migrants battle glitchy app at US border
by  AFP

The fate of tens of thousands of people seeking asylum at the United States' southern border will, from Friday, hinge on an app that has just 2.5 stars in the App Store. "It is the dream of every human being to cross to the United States to help our relatives," he said.

US debt 'brinkmanship' risks serious costs: Yellen
US debt 'brinkmanship' risks serious costs: Yellen
by  AFP

Political brinkmanship over raising the US debt ceiling risks "serious economic costs" even without the "catastrophe" of a default, Treasury Secretary Janet Yellen warned Thursday at G7 finance talks in Japan.

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