Global Collapse
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Cuba laments collapse of iconic sugar industry
For centuries, sugar was the mainstay of Cuba's economy. Now the industry is in rapid decline.BBC News - Top stories -
Top 20 Global Concert Tours from Pollstar
AP Global Top 20 Pollstar Week of 05/20/24ABC News - Entertainment -
After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation
Figma on Thursday announced a tender offer that will allow current and former employees to sell shares at a valuation of $12.5 billion.CNBC - Business -
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Honor of Kings gets a global rollout on June 20 on mobile
TiMi Studio Group and Level Infinite, both divisions of Tencent, have confirmed that Honor of Kings will have a global roll-out on June 20.VentureBeat - Tech -
China is a 'critical' global supplier, full decoupling may be impossible, survey shows
Chinese companies are growing more optimistic about a rise in trade exports as firms show no signs of fully decoupling from China, according to Allianz Trade.CNBC - Business - China -
Global Economy Will Grow More Than Expected, UN Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - Business -
Crypto Lender Genesis Global Gets Wind-Down Plan Approved
A bankruptcy judge approved a chapter 11 wind-down plan for Genesis that will pay back creditors about 77% of the same digital assets that they lent to the cryptocurrency lender before its bankruptcy filing.The Wall Street Journal - World - Crypto -
Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.CNBC - Business -
Sony Music warns global tech and streamers over AI use of its artists
Music group representing Adele and Beyoncé contacts more than 700 companies to prohibit use of contentFinancial Times - Business -
Experts say coral reef bleaching near record level globally because of 'crazy' ocean heat
Scientists say temperatures that have gone “crazy haywire” hot, especially in the Atlantic, are close to making the current global coral bleaching event the worst in historyABC News - Tech