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‘I must humbly and honestly acknowledge that things are really bad’ — SoftBank CEO on $23 billion loss.

·3 min read
‘I must humbly and honestly acknowledge that things are really bad’ — SoftBank CEO on $23 billion loss.

TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates.