Jan 19 (Reuters) – Following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
– Microsoft Corp on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its cloud-computing customers reassess their spending and the company braces for potential recession.
– Cryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week.
– Southwest Airlines Co’s pilot union has called for a strike authorization vote, weeks after a tech meltdown at the carrier left tens of thousands of passengers stranded across the United States.
– Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company’s chief executive said on Wednesday.
– U.S. authorities said on Wednesday they have arrested the majority shareholder and cofounder of Hong Kong-registered virtual currency exchange Bitzlato Ltd for allegedly processing $700 million in illicit funds.
– The lifting of COVID-19 restrictions in China is set to boost global oil demand this year to a new record high, the International Energy Agency (IEA) said on Wednesday, while price cap sanctions on Russia could dent supply. (Compiled by Bengaluru newsroom)
