Mt. Gox creditors are receiving a portion of the roughly $8 billion worth of cryptocurrency they’ve been owed since a hack drove the Tokyo-based exchange into bankruptcy a decade ago, Bloomberg News reported. Kraken has distributed Bitcoin and Bitcoin Cash from the Mt. Gox estate, according to a post on the X social media platform from the San Francisco-based exchange’s chief executive. A Kraken spokesperson confirmed the distribution and declined to comment on the specific amount.

South Korea’s economy slowed at a sharper-than-expected pace in the second quarter on sluggish private consumption and weak business investments, losing steam after a solid recovery in the previous quarter, the Wall Street Journal reported. Gross domestic product in Asia’s fourth-largest economy expanded 2.3% year-over-year during the April-June period, slower than the prior quarter’s revised 3.3% growth, Bank of Korea preliminary data showed Thursday. On a quarter-on-quarter basis, the economy shrank 0.2% following the first quarter’s 1.3% expansion, according to the central bank.

An Australian court rejected claims that Bayer AG’s weedkiller Roundup causes the cancer known as non-Hodgkin’s lymphoma, a blow to efforts to bring class-action litigation there on the matter, even as the German company contends with thousands of similar claims in the U.S., Bloomberg News reported. The Federal Court of Australia sided with Bayer in Thursday’s judgment, finding there was insufficient evidence that the herbicide increased the risk of developing the disease or caused it directly.

The Malaysian government said that it has surpassed its target by discharging approximately 142,510 bankruptcy cases, exceeding the initial goal of 130,000, following amendments to the Insolvency Act, the Malaysian Reserve reported. Prime Minister Datuk Seri Anwar Ibrahim said the Malaysia Department of Insolvency (MdI) Second Chance Policy aims to discharge 130,000 people declared bankrupt within one year after the enforcement of Act A1695.

India will not sign a global corporate tax deal focused on highly profitable multinational firms unless its concerns on dispute resolution and the treatment of withholding tax are addressed, a finance ministry official said on Thursday, Reuters reported. The so-called "Pillar 1" arrangement, part of a 2021 global two-part tax deal, aims to replace unilateral digital services taxes (DSTs) via a new mechanism to share taxing rights on multinational companies, such as U.S. tech giants Alphabet's Google and Amazon.com and Apple.

For years, high rollers from China have flouted their country’s ban on gambling by getting their fix online. Livestreamed games of baccarat, roulette, poker and more feature young women sitting behind tables, dealing cards and spinning wheels. While the players are in China, the croupiers on their screens are often far away in studios in the Philippine capital Manila, the Wall Street Journal reported. Filipino officials say many of these operations are also run and staffed by Chinese nationals.

Turkey’s central bank said it’s focusing attention on a build-up of lira liquidity as it extended its interest-rate pause into a fourth month, Bloomberg News reported. The Monetary Policy Committee, led by Governor Fatih Karahan, left the one-week repo rate at 50% on Tuesday. It repeated that the sterilization of liquidity “will be implemented effectively” with additional tools, with state media reporting that the authority is preparing to use foreign exchange and gold swaps to mop up excess liras.

U.S. lawyers for units of the troubled Indian tech firm Byju’s want to quit defending their clients in a bankruptcy dispute, blaming “an irreparable breakdown” with the companies and a board member accused of lying in court to help hide $533 million from disgruntled lenders, Bloomberg News reported. In an unusual move, two law firms representing Riju Ravindran, brother of Byju’s founder, filed papers Friday in federal court in Wilmington, Delaware, claiming their clients have failed to cooperate in their own defense. Lawyers representing Byju’s ally William C.

The National Company Law Tribunal has directed to initiate insolvency proceedings against Supertech Township Projects on a plea filed by Punjab & Sind Bank over a default of Rs 216.92 crore. This is the third group firm of Ram Kishor Arora-led realty major Supertech to go through the Corporate Insolvency Resolution Process (CIRP), the Economic Times of India reported.

A worrying run of data has dialed up calls for help to boost China’s economy. The central bank has answered with a flurry of rate cuts that analysts view as a welcome sign of action. But a number of restraints, from a weak currency to banks’ falling profitability, lead many to think that ultimately, it is fiscal policy that needs to come to the rescue, the Wall Street Journal reported. On Monday, the People’s Bank of China unexpectedly trimmed a key short-term policy rate for the first time since last summer, saying it aims to ramp up support for the economy.