Author: IA PressRoom

The hashtag “CancelNetflix” is picking up steam, following Netflix’s password-sharing clampdown. Twitter users have been posting screenshots of their canceled subscriptions with the hashtag. One Twitter user accused the company of being “anti-family” and said they had closed their account. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The hashtag “CancelNetflix” is picking up steam on Twitter amid Netflix’s password-sharing clampdown in the US.Users have been taking to the platform to vent over the streaming giant’s plans to charge an $8 fee for additional users…

Veterinary pharmaceuticals company Dechra has agreed a £4.5bn buyout by Sweden’s EQT, in what would be one of the biggest UK private equity deals so far this year.The London-listed group on Friday said that the board was recommending EQT’s offer of 3,875p per share, giving the company an equity value of £4.5bn. The price represents a 44 per cent premium to Dechra’s closing share price on April 12 — before EQT’s interest became public — but is less than the private equity group was initially willing to pay, following a profit warning from the pharma company last month. Elizabeth Alison…

© Reuters. FILE PHOTO: A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron By Amanda Cooper LONDON (Reuters) -The dollar headed for its largest weekly fall since mid-January on Friday as the view took hold among investors that the Federal Reserve will forgo an interest rate hike this month, which would diminish the greenback’s appeal to non-U.S. buyers. The U.S. Senate’s passage of a bill to suspend the debt ceiling and avert a disastrous default also removed a pillar of support for the dollar, which had paradoxically…

© Reuters. FILE PHOTO: A man reaches for products at a supermarket aisle with vegetable oil in Cairo, Egypt, March 22, 2022. REUTERS/Mohamed Abd El Ghany PARIS (Reuters) – The United Nations food agency’s world price index fell in May to its lowest in two years, as sharp falls in prices of vegetable oils, cereals and dairy outweighed increases for sugar and meat. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally-traded food commodities, averaged 124.3 points in May against a revised 127.7 for the previous month, the agency said on Friday. The May reading marked…

Source: Iliya Mitskavets/AdobePolice in Kazakhstan say they have shut down a suspected fraudulent crypto trading platform, with its alleged mastermind arrested.Per Nur.KZ, the Ministry of Internal Affairs announced that a “23-year-old man” had been arrested.The man’s name begins with L and he was born in 1999, the police added.Police said L was “suspected of deceiving residents” in the city of Almaty by operating a fake cryptocurrency platform.An unnamed number of “local residents” came forward to police officers in the city’s Auezov district to make a statement.According to them, the suspect, also an Almaty resident, offered them the ability to raise…

© Reuters. Investing.com – The U.S. dollar slipped lower in early European trade Friday, adding to the previous session’s sharp losses after the U.S. Congress approved the debt ceiling bill, while traders awaited the widely watched monthly payrolls release. At 02:55 ET (06:55 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 103.433, near a one-week low. The index dropped 0.6% on Thursday, its worst day in almost a month, and is on course to fall 0.7% this week, which would be its worst week since mid-January. The U.S. Senate late…

Rio Tinto to invest $395M in Pilbara desalination plant; reaffirms capex guidance

Almost 300,000 staff have been laid off by tech firms since the start of 2022, per Layoffs.fyi. Those mass layoffs are down to companies misunderstanding the pandemic, says Intuit’s CEO. Intuit, which owns services such as Mailchimp and TurboTax, has not conducted major job cuts. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Mass layoffs through 2022 and 2023 are down to companies and CEOs miscalculating the long-term impact of the pandemic, according to Sasan Goodarzi, chief executive of software giant Intuit.Companies had made…

2/2 © Reuters. Microsoft logo is seen on the smartphone in front of displayed Apple logo in this illustration taken, July 26, 2021. REUTERS/Dado Ruvic/Illustration 2/2 (Reuters) – The hefty weight of tech megacaps, strange reporting rules for an upcoming OPEC meeting and more pain for consumers and businesses Down Under – these are just some of the topics preoccupying markets as they approach the halfway point of 2023. Here’s a look at the week ahead in markets from Kevin Buckland in Tokyo; Ira Iosebashvili in New York and Dhara Ranasinghe, Karin Strohecker and Amanda Cooper in London. 1/THE NARROWEST…

© Reuters. FILE PHOTO: Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello (Reuters) -Jamie Dimon, the chief executive of U.S. bank JPMorgan Chase & Co (NYSE:), is visiting Taiwan on Friday, a source with direct knowledge of the matter said, after concluding his first trip to China since the beginning of the COVID-19 pandemic. Dimon’s visit to Taipei, where JPMorgan has had a banking presence since 1970, comes amid heightened tension over the democratically-governed island,…