Amazon this week in a message sent to staff announced it is laying off 14,000 corporate jobs that includes "significant" cuts to its video game business. Amazon Games has now officially confirmed it ...

(Bloomberg) -- New World Development Co. posted a second straight year of losses as debt pressures and a weak property market took a toll on the distressed Hong Kong builder. The developer controlled ...

HONG KONG (Reuters) -Embattled New World Development said on Tuesday it expected $1.3 billion of its debt, majority of it being perpetual bonds, to be cut after setting an early deadline for its ...

MMO New World: Aeternum is officially ending development but will remain online through 2026, Amazon Games has revealed. The news comes in wake of news that the company is cutting a number of jobs in ...

New World Development: Robust Property Sales, More Debt Reduction; Valuation Raised by 5% New World Development achieved over HKD 33 billion in property sales in 2025, the highest in the past five ...

Greetings. Welcome to New World Development's FY 2025 Annual Results Announcement webcast for analysts and investors. I am Patrick Cheong, Head of IR and also the moderator for this session. First of ...

Hong Kong is famed for its business savvy for a reason. Billionaire families like the Chengs, who are behind troubled New World Development Co., understand financial engineering. They also play their ...

Talks between the billionaire Cheng family and potential investors in New World Development Co. are stalling, underscoring the challenges facing the indebted company as it seeks to secure much-needed ...

Nov 3 (Reuters) - Hong Kong property developer New World Development (0017.HK), opens new tab has launched a debt exchange offer of up to $1.9 billion, aiming to restructure its outstanding perpetual ...

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Good afternoon. Welcome to New World Development's FY 2026 interim presentation, online analysts and investors meeting. I am IR Director, Patrick Cheong. I am the moderator for this meeting. First of ...