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VIRUS OUTBREAK

SoftBank Group reports record losses on virus, WeWork woes

Its net losses of 961.6 billion yen are slightly worse than forecast; Vision Fund portfolio badly hit

Tokyo

STRUGGLING Japanese conglomerate SoftBank Group on Monday reported record losses, as the coronavirus pandemic compounded woes caused by its investment in troubled office-sharing start-up WeWork.

The telecoms and investment giant had already sounded the alarm, warning last...

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