Musk’s tweets about buying Manchester United are no joke for tired fans

Aug 17 (Reuters) – After seeing eight coaches come and go in less than 10 years, Manchester United fans know their false dawn. Wednesday shed another light on the struggle at the giant football club: Elon Musk said he bought it — then said it was all a joke. Musk, the world’s richest person, said … Read more

Five Chinese SOEs to Leave NYSE Amid Tensions in US

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said Friday they would delist the New York stock exchange. amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec Shanghai … Read more

South Korea’s Yoon Pardons Samsung’s Jay Y. Lee to Fight ‘Economic Crisis’

Samsung scion spent 18 months in prison for bribery S.Korea says leaders needed to help overcome economic crisis Samsung may increase investment with Lee grace – analysts SEOUL, Aug. 12 (Reuters) – South Korean President Yoon Suk-yeol on Friday pardoned Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee, with the South Korean Ministry of Justice … Read more

The gaming industry’s fortunes are fading as spending pressures follow a pandemic

Aug 10 (Reuters) – Gaming companies are facing a slowdown in video game demand from pandemic highs, casting doubt on their ability to weather an economic downturn. Rising prices and a lack of hit titles have compounded problems for video game publishers Activision Blizzard Inc (ATVI.O) and Electronic Arts (EA.O) who are also dealing with … Read more

Roblox slips as bookings raise concerns over gaming slowdown

A child looks back at a banner for Roblox, displayed on the facade of the New York Stock Exchange (NYSE) in New York, USA, March 10, 2021 to celebrate the company’s IPO. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Roblox Corp (RBLX.N) missed estimates for quarterly bookings … Read more

Greek intelligence chief resigns over wiretapping allegations

ATHENS, Aug. 5 (Reuters) – The head of the Greek intelligence service resigned on Friday after increased scrutiny of the agency’s surveillance practices, including an allegation by an opposition party leader that he had been wiretapped in 2021. Panagiotis Kontoleon, head of EYP intelligence, tendered his resignation “after faulty actions found during legal wiretapping,” according … Read more

Electronic Arts’ sales forecast disappoints as gaming craze cools

An Electronic Arts office is shown in Los Angeles, California, USA, July 27, 2020. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Aug 2 (Reuters) – Electronic Arts Inc (EA.O) Tuesday forecast adjusted revenue for the quarter below estimates as easing COVID-19 restrictions cools pandemic-era gaming rage through other entertainment opportunities to … Read more

Indonesia blocks Yahoo, Paypal and gaming websites for license violations

The PayPal app logo on a mobile phone in this illustration photo from Oct. 16, 2017. REUTERS/Thomas White/Illustration Register now for FREE unlimited access to Reuters.com Register JAKARTA, July 30 (Reuters) – Indonesia has blocked search engine website Yahoo, payment company Paypal and several gaming websites for failing to comply with licensing rules, an official … Read more

Elon Musk blows up Wikipedia after it suspends ‘recession’ page edits

Elon Musk criticized Wikipedia on Friday for having “lost its objectivity” after the online encyclopedia blocked users from editing its “recession” page — leading to accusations that it was interfering with the Biden administration. Musk, the CEO of Tesla and the world’s richest person with an estimated net worth of $263 billion, tagged Wikipedia co-founder … Read more

Sony lowers earnings forecast due to weaker gaming outlook

Sony Group Corp.’s new line of headphones and monitors, targeting the growing PC video game market, the Inzone line, is shown at its unveiling in Tokyo, Japan, June 29, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Lowered fiscal year earnings forecast by 4% to Y1.11 trin Q1 operating profit Y307 … Read more