Soros Closes Offices Across $25 Billion Philanthropy Empire
The $25 billion international network of foundations started by George Soros is shuttering offices around the world as it prepares to cut more than 40% of its staff.
Bloomberg Tech
Microsoft Inks First Renewable Energy Purchase Deal in Japan
Microsoft Corp. signed its first-ever long-term deal to procure renewable energy in Japan, as the tech giant rushes to meet ambitious green goals for its data-centers and operations.
Virtual Reality Yoga App Developer to Meta: I Worked Like ‘Hell’ Only to Get Burned
Andre Elijah created a virtual reality yoga app, with avatars of top instructors teaching various poses as well as pilates and mindfulness.
Terran Orbital Investors Call for Review, Replacement of CEO
A group of investors in Terran Orbital Corp., which has lost more than 90% of its market value since going public in a blank-check deal last year, is calling on the aerospace and defense company to launch a strategic review and oust its chief executive officer.
EU to Push ‘Made in Europe’ Tag in Green Industry, Sefcovic Says
The European Union will be much more “assertive” in touting a “made in Europe” approach to ensure that green industries like hydrogen and wind stay on the continent.
FTX Hacker’s Methods Point to Russia Connection, Researcher Says
An attack on FTX that siphoned an estimated $477 million in digital assets just as the crypto exchange entered bankruptcy last year is now showing a “stronger possibility” of being connected to Russia, according to blockchain analytics firm Elliptic.
Moody’s Sees Trouble for Over $1 Trillion of Maturing Junk Debt
US speculative-grade companies are facing heightened refinancing and default risks amid higher-for-longer interest rates and limited credit market access, according to Moody’s Investors Service Inc.
Amazon Strategy Could Unlock $100 Billion in Revenue
Amazon.com Inc.’s next big thing might be lurking in the expensive supply chain apparatus that’s helped transform its e-commerce business into a juggernaut.
Vinod Khosla Says Unproven Tech Is Key to Winning the Climate Fight
On this episode of Exponentially With Azeem Azhar, the famous venture capitalist argues humanity must make hydrogen and fusion work to reach net zero.
Mario-Themed Switch Console Proves a Hit for Nintendo in Japan
Nintendo Co.’s Switch sales doubled in Japan on the release of a Super Mario edition of the console, a surprise boost for the six-year-old console that’s pivotal to the gaming firm’s bottom line.