Bloomberg Business

China Reassures Davos That Growth Will Return, Covid Has Peaked

China’s top economic official told an audience of international billionaires and bankers that his country’s economy will likely rebound to its pre-pandemic growth trend this year after coronavirus infections passed their peak.

Microsoft to Cut Engineering Jobs This Week as Layoffs Go Deeper

(Bloomberg) — Microsoft Corp. plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that are scaling back as the industry prepares for a prolonged slump in demand.

Soccer Scam Jury Hears of Fox TV Rights Bought With Bribes

Two former executives under the 21st Century Fox banner bribed soccer officials to win lucrative broadcast rights to tournaments, a prosecutor told a jury in their criminal trial, part of a long-running probe of corruption in the sport.

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