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  • Sony Shares Tumble On Weaker-Than-Expected Annual Outlook

    Sony Shares Tumble On Weaker-Than-Expected Annual Outlook0

    Sony (NYSE:SONY) Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units. For the

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  • Soils of War: The Toxic Legacy For Ukraine’s Breadbasket

    Soils of War: The Toxic Legacy For Ukraine’s Breadbasket0

    When Ukraine recaptured Kherson in November, Andrii Povod returned to find his grain farm in ruins. Two tractors were missing, most of the wheat was gone and all 11 buildings used to store crops and machinery had been bombed and burned. The farm bears the scars of Russian shelling and unexploded ordnance riddles the fields

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  • Six Pacific Countries At High Risk Of Debt Distress – World Bank

    Six Pacific Countries At High Risk Of Debt Distress – World Bank0

    Six Pacific countries are at a high risk of debt distress in part due to government spending to respond to the COVID-19 crisis, the World Bank said in a report on Thursday. The report, titled Raising Pasifika, said fiscal consolidation was needed in Kiribati, Republic of the Marshall Islands, Federated States of Micronesia, Samoa, Tonga

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  • Singapore March Core Inflation Rises 5%, Slightly Less Than Forecast

    Singapore March Core Inflation Rises 5%, Slightly Less Than Forecast0

    Singapore’s key consumer price gauge rose 5% in March, slightly lower than forecast, official data showed on Monday. The core inflation rate – which excludes private road transport and accommodation costs – rose 5% year-on-year in March, lower than the 5.5% rise seen in February. A Reuters poll of economists had forecast a 5.1% increase

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  • Silvergate’s planned liquidation fuels another crypto rout

    Silvergate’s planned liquidation fuels another crypto rout0

    one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily Shares of crypto-related companies fell on Thursday, as the bank’s collapse sparked a crisis of confidence in the industry. Silvergate shares were down 26% while peer Signature Bank (NASDAQ:SBNY) and former Silvergate partner

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  • Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded

    Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded0

    Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. California banking regulators closed the bank, which did business as Silicon Valley Bank, on Friday and appointed the Federal

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