Chinese tech large Tencent has lower greater than 5,000 workers and shut down components of its enterprise because it grapples with its first gross sales fall in its historical past. Revenue on the agency slipped 3% year-on-year within the April-June interval, hit by declines in advert spending and at its on-line gaming enterprise. The WeChat proprietor is feeling the results of a regulatory clampdown on gaming, in addition to wider financial downturn. China’s central financial institution on Monday lower rates of interest to attempt to spur exercise. The nation, which continues to reply to Covid outbreaks with mass shutdowns, final...