Japanese tech company, Sharp, is likely to receive a massive government-backed bailout. Estimated at about $5.5 billion, the loan will be the third such rescue bid in as many years. Sharp has shown little sign of recovery, but appears to be the darling child of Japanese officials hoping to keep the display manufacturer in Japanese hands. In other words, welcome to the Japanese equivalent of SAA.

Will Smith has joined his wife Jada Pinkett-Smith and Spike Lee in boycotting the 2016 Oscars. Mark Ruffalo, a current nominee, has voiced his support for their boycott, but will still be attending the awards show. Chris Rock, the appointed host, has meanwhile remained very silent on the issue, despite many calls for him to join the stayaway. 

Lleyton Hewitt has bowed out of his 20th and final Australian Open. Hewitt lost to David Ferrer 6-2 6-4 6-4. The baseline specialist and former Wimbledon champion is leaving a tennis world now dominated by sheer physical power and ridiculously fast serves. Nonetheless, Hewitt will focus his efforts on coaching the new generation of Australian tennis stars. Hopefully they will be trained in some aspects of physical power and fast serves as well.