Netflix loses nearly a million subscribers as the tumbling user count continues July 19, 2022 Netflix has lost nearly a million subscribers this quarter as the tumbling user count continues for the streaming giant. Announcing its second quarter results, the company said subscribers dipped by 970,000 April through June. The good news for Netflix was that the fall wasn’t as deep as first predicted back in April, and shares jumped [...]
Apple hit with lawsuit over anti-competitive behaviour through Apple Pay July 19, 2022 Apple is being sued over its Apple Pay system and accused of anti-competitive behaviour by stifling competition from other payment apps. The class action complaint filed yesterday in a California court by payment card credit union Affinity Credit Union alleges that the iPhone maker used its market power to resist competition from other payment apps. [...]
The best electric cars to buy in 2022 July 19, 2022 We name the best electric cars you can buy this year, including the Ford Mustang Mach-e, Hyundai Ioniq 5 and Tesla Model 3.
Global money managers in financial crisis style flight from stocks July 19, 2022 Global money managers are holding the lowest level of stocks in their portfolios since the global financial crisis in 2008, revealed a closely watched survey published today. Expectations for world economic growth dropped to the deepest point on record, as did bets on expansion in corporate earnings, Wall Street investment bank Bank of America found. [...]
Twitter v Elon Musk: Takeover trial fast-tracked to October July 19, 2022 Twitter's attempt to force Elon Musk to complete his $44bn takeover has been fast-tracked to October, with the social media titan arguing that any further delay would cause damage to the business.
FTSE 100 reverses early losses on strong Wall Street gains July 19, 2022 London markets whipsawed today as investors’ concerns about a bigger Bank of England rate rise were tamed by strong gains on Wall Street. The capital’s premier FTSE 100 index surged 1.01 per cent to 7,296.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed [...]
Singapore will widen crypto regulation and discuss possible steps later this year July 19, 2022 Singapore is set to expand the scope of its crypto regulations and will consult on proposed measures this year following a drastic crash in the crypto industry. The Monetary Authority of Singapore said most crypto regulation both in Singapore and internationally focuses on tackling money laundering and terrorist financing risks, but this will expand. “Most regulatory regimes [...]
Government unveils £75m nuclear fund to secure fuel production for new reactors July 19, 2022 Downing Street has unveiled a £75m strategy to boost investment into the production of fuel for nuclear reactors.
Netflix confirms new account sharing charges as all eyes fall on quarterly results and subscriber numbers July 19, 2022 Netflix confirmed reports that it will charge users extra if they use accounts at multiple locations as the firm cracks down on password sharing.
Heatwave investigation: Is it hot enough to fry an egg off the ground in the City? July 19, 2022 Almost a decade ago, the reflection of the sun off the Walkie Talkie – otherwise known as the Fenchurch Building – was hot enough to melt a Jaguar and fry an egg. That was due to the reflection off the skyscraper, effectively turning the entire building into a magnifying glass. The building was soon fixed, [...]
