(Bloomberg) — China Evergrande Group has officially been labeled a defaulter for the first time, the latest milestone in months-long financial drama that’s likely to culminate in a massive restructuring of the world’s most indebted developer. Most Read from Bloomberg Fitch Ratings cut Evergrande to “restricted default” over its failure to make two coupon payments by the end of a grace period on Monday, a move that may trigger cross defaults on the developer’s $19.2 billion of dollar… Source link

Internet, December 9, 2021. Yandex has become a constituent of the Dow Jones Sustainability World Index. Yandex performed among the top 5% of companies (the 96 percentile) in the Interactive Media, Services & Home Entertainment (IMS) industry, while the scores for the Social Dimension placed the company among the top 1% of the peer universe. S&P Global experts particularly acknowledged Yandex’s HR practices, approaches to employee motivation and… Source link

Google is offering employees around the world a fresh $1,600 cash bonus. The move comes shortly after the firm pushed its return-to-office plans back further into 2022.  An internal survey found employee wellbeing was on the decline earlier this year.  … Source link

On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams chat with Jo Lambert, president and general manager of consumer at Yahoo, about the company’s reach, its sports content business, and its expansion into daily fantasy and sports betting. For years, Yahoo has been a primarily ad-supported business. Lambert explains how the company, now majority owned by Apollo Global Management, is starting to diversify its revenue streams, including the creation of… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, December 9, 2021 For now at least, ‘a good meeting of the minds’ The cryptocurrency industry’s major power players encountered skeptical yet noticeably polite questioning from Congress on Wednesday, where both sides laid bare their disagreements about how the emerging industry should be overseen by the federal government. Lawmakers and… Source link

UK prime minister Boris Johnson said that people must work from home where possible from Monday and that face masks would be a legal requirement in most public indoor areas such as theatres and cinemas from Friday. Photo: Adrian Dennis-WPA Pool/Getty Images European stock markets tumbled into the red on Thursday as England is set to impose its COVID Plan B amid fears of a rise in Omicron cases. In London, the FTSE 100 (^FTSE) shed 0.4%, while the CAC (^FCHI) dropped 0.3% and the DAX (^GDAXI)… Source link

Getty Google plans to deploy an additional cash… Source link

The chief executives of six major cryptocurrency companies made their Washington debut on Wednesday, broadly embracing regulation amid explosive growth in digital currencies — even as they pushed back against the idea that old securities laws will work in the emerging space. Testifying before the House Financial Services Committee for nearly five hours, executives from Coinbase, Circle, FTX, Bitfury, Paxos, and Stellar Development Foundation fielded questions from lawmakers on understanding… Source link

When Terence Crawford speaks, young fighters would be wise to listen. And Crawford, the WBO welterweight champion and the No. 2 pound-for-pound boxer in the world on the Yahoo Sports pound-for-pound list, was giving heavyweight prospect Jared Anderson some pointers before a recent fight. Anderson was scheduled to fight Kingsley Ibeh on Feb. 13 in Las Vegas. Crawford spoke with him during training camp about the fight. “Terence and I had a little bet going before my fight with Kingsley… Source link

Stock futures opened relatively flat on Wednesday evening, though sustaining gains posted by a three-day recovery rally that was led by cooled investor concerns around the Omicron variant. Dow futures inched up 0.02%, while contracts on the tech-focused Nasdaq Composite ticked up 0.10%. All major indexes closed up, with the S&P 500 gaining 14.46 points to close the session at 4,701.21, just 0.5% shy of the trading session on Nov. 24, a day before the latest COVID-19 variant was announced by… Source link