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TechLife News3 min read
Softbank Racks Up Losses As Vision Fund Investments Plunge
Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork. SoftBank,
TechLife News5 min read
Cash, Long A Refuge In Uncertain Times, Now Under Suspicion
In troubled times, people have been known to hoard currency at home — a financial security blanket against deep uncertainty. But in this crisis, things are different. This time cash itself, passed from hand to hand across neighborhoods, cities and so
TechLife News4 min read
Beaches, Nightclubs? Europe Mulls How To Get Tourists Back
The Mediterranean resort town of Ayia Napa is known for its boisterous parties. Each summer, thousands of young foreign tourists pack the dance floors of its nightlife district after a day at the beach. But the pandemic silenced the exuberant Napa St