BBCNEWS Business Briefing July 13, 2024
We start with japanese conglomerate softbank which is well known around the world as a savvy investment giant. But its reputation for making winning bets on start ups has taken a knock with the near collapse of the the shared working company wework. Softbank was forced to provide an embarassing bailout and is expected to announce stricter measures on founders when it reveals its latest Financial Results shortly. Vivienne nunis reports from new york on softbanks latest challenge. From hot property to a humiliating bailout. Office sharing firm wework faced a cash crunch until softbank came to th...