The overvaluation was spearheaded by the subsidiary's head of accounting, a Thai, who apparently claimed to have done so out of fear that the company would be shut down if losses continued, the report said, citing the lack of third-party oversight from outside the accounting department. Kameda Seika
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Walt Disney will acquire some assets of 21st Century Fox for $52.4 billion, Bloomberg News reports. The companies have entered into a definitive pact for Disney to acquire Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for about $52.4 billion in
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Bitcoin, the world's most popular cryptocurrency, hit an all-time high of $17,428.42 on Tuesday. Despite it falling to below $16,000 on Wednesday, experts say bitcoin appears destined to soon break the $20,000 mark.
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Mohammed al-Yadomi, the head of an influential Yemeni party, was attending a summit on Jerusalem in Istanbul on Wednesday when he was summoned to the Saudi capital for an unprecedented meeting with two of the Arab world's most powerful leaders. A private Saudi plane flew al-Yadomi to
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IBM has signed big-name partners like JPMorgan Chase, Barclays, and Samsung to participate in its experimental quantum-computing project.
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