China relaxes approval of imported games, Google workers fear mass layoffs, FDA works to regulate avenues for cannabis: today’s top stories

China relaxes approval of imported games, Google workers fear mass layoffs, FDA works to regulate avenues for cannabis: today’s top stories

Reuters

Good news for gaming companies eyeing China as it relaxes approval of imported games

  • China’s online gaming regulator approved 45 foreign video game licenses, further easing regulatory limits on the stricken industry.

  • National Press and Publication Administration 45 imported online games, incl Nintendo Co., Ltd (OTC: NTDOF) (OTC: NTDOY) “Pokémon Unite” and CD Projekt SA’s (OTC: OTGLY) (OTC: OTGLF) “Gwent: The Witcher Card Game.”

  • China approved 84 home games for December.

German chip maker Infineon Chief Eyes Takeovers worth billions of euros

  • Infineon Technologies AG (OTC: IFNNF) (OTC: IFNNY) appears to be spending several billion euros on the right takeover target as it hunts for acquisitions, CEO Jochen Hanebeck said in a newspaper interview.

  • Infineon is constantly looking for suitable companies in the range of up to a few billion (euro).

The Wall Street Journal

FDA Develops Regulatory Pathways for Cannabis-Derived Ingredients in Foods, Supplements; Inspection plans are expected in a few months

  • In 2018, when Congress legalized cannabinoids, the FDA was set to regulate the related products.

  • Patrick Cournoyer, who heads the FDA office that develops the agency’s cannabis strategy, said the agency wants to know whether CBD can be safely consumed every day for an extended period of time or during pregnancy, for example.

The United States Customs Service stops imports from three companies that assume the use of forced labor

  • US Customs and Border Protection has withheld imports from North Korean companies following indications that these used forced labour.

  • The companies included – Zhejiang Sunrise Garment Group Co, a major supplier to Western clothing companies, Jingde Trading Ltd and Rixin Foods Ltd.

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New York Times

Google Workers fear mass layoffs and follow suit from Meta and Amazon

  • Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ) Google workers in Switzerland shared concerns over a new employee evaluation system that is throwing off the workforce.

  • The letter signaled how some Google employees are increasingly interpreting recent management decisions as warnings that the company may be bending to implement broader layoffs.

Bloomberg

DOJ Launches Criminal Investigation into $372M FTX Hack: What Investors Need to Know

  • The US Department of Justice (DOJ) has opened a criminal investigation into the alleged hack that resulted in approximately $372 million being stolen from FTX-controlled wallets the night the Bahamas-based exchange declared bankruptcy.

  • Massive cryptocurrency outflows began on November 11th and continued until early November 12th, moving funds out of FTX and FTX US wallets.

KFC is closing some South African outlets as power outages make operations difficult

  • Yum! Brands Inc (NYSE: YUM) unit KFC is temporarily closing a few South African outlets due to power outages.

  • The brand will close some of its restaurants, while the others have limited availability,

  • The move comes after the blackout reached 200 days in 2022.

Techcrunch

Uber, Amazon and other Gig employers face flak for inadequate work infrastructure for employees in India

  • Research firm Fairwork India struck Ola, Uber Technologies Inc (NASDAQ: UBER), Dunzo, PharmEasyand Amazon.Com Inc (NASDAQ: AMZN) Amazon Flex in Fairwork’s fourth annual study of the working conditions of platform workers on digital work platforms in India.

  • Fairwork India said the firms did poorly in assessing the creation of fair conditions for their gig workers.

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Gasoline

Argo Blockchain divests mining facility Helios for $65 million as it battles bankruptcy concerns

  • Argo Blockchain Plc The ARBK subsidiary agreed to sell the Helios facility and real estate in Dickens County, Texas, and related assets to Galaxy Digital Holdings, Ltd for $65m (£54m) and refinance its asset-backed loans.

  • Galaxy agreed to host Argos mining machines located on Helios. Galaxy will provide Argo with a new asset-backed loan of $35 million.

Apple won’t replace iPad Mini with a foldable due to price cut, analyst says

  • Apple Inc (NASDAQ: AAPL ) is unlikely to replace it Ipad mini tablet with a foldable in 2025, according to Ming-Chi Kuo — an analyst with TF International Securities.

  • The well-known Apple watcher said on Twitter that the foldable iPad will not appear in 2025 – contrary to what has been predicted on social media.

BOC Aviation orders 40 more Boeing 737-8 jets

  • Lessor of aircraft BOC Aviation Limited have placed an order for another 40 Boeing Co (NYSE: BA) 737-8 jet.

  • The plan to expand BOC’s 737 MAX portfolio is aimed at advancing the strategy of acquiring new, fuel-efficient, environmentally sustainable aircraft that are in demand among airline customers.

  • The 737-8 is designed to offer more fuel efficiency, reliability and flexibility in the market at once.

Alibaba’s Workplace app DingTalk crosses 600 million users

  • Alibaba Group Holding Limited (NYSE: BABA) powered workplace app DingTalk President Jun Ye said the platform’s users had surpassed 600 million, while the number of businesses exceeded 23 million.

  • Alibaba revealed for the first time that its platform’s paid daily active users (DAU) had reached 15 million.

  • Alibaba also released the 7.0 version of DingTalk, which provides comprehensive upgrades to core products such as electronic documents, web conferencing, low-code development and mini-apps.

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