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Chief executive officer Asha Sharma wrote in a note to staff on Monday morning that Xbox is operating at margins three to 10 times lower than comparable businesses.

Microsoft’s Xbox to cut 3,200 jobs, divest five studios in major overhaul

Major Persian Gulf producers have been ramping up output at a rapid clip.

Oil drops as flows in Hormuz persist and Opec+ flags more supply

The offering by the flagship company of Asia’s richest person, Gautam Adani, was subscribed 1.5 times on Friday (Jul 3).

Adani upsizes share sale to US$1.6 billion on strong investor demand

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