I cant start my emulators. I tried to start it from AVD manager but got this error.

Then I tried to launch it from Terminal but now I get this.

Just had the same problem. It turns out that now the good path emulator is in .../android_sdk/emulator, not in .../android_sdk/tools. In your case you need to run it like:
cd ~/Android/Sdk/emulator
./emulator -avd <name of your avd>
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