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BLOOMBERG Bloomberg July 3, 2024

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Sony Sends Termination Letter to Zee Over India Merger

(Bloomberg) -- Sony Group Corp. said it has officially notified Zee Entertainment Enterprises Ltd. of plans to call off the merger between its India unit and the media network, ending a two-year acquisition saga and leaving Zee vulnerable to competition as rivals bulk up.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHedge Funds Rake in Huge Profits Betting on Catastrophe RiskGloom Over China Assets Is Spreading Beyond Battered StocksTrump Retires &#x2018...
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The global chip crisis is going from bad to worse

The global chip crisis is going from bad to worse A wafer of Intel Xeon chips The global chip shortage is going from bad to worse with car makers on three continents joining tech giants Apple and Samsung Electronics in flagging production cuts and lost revenue from the crisis. In a dizzying 12-hour stretch, Honda said it will halt production at three plants in Japan for around five to six days next month; BMW flagged it will pause production at its plants in Germany and England; and Ford reduce...
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