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Disney Plus sheds subscribers for second straight quarter
Subscribers to Disney Plus fell for the second straight quarter, the company said on Wednesday, though it stemmed financial losses as it competes with Netflix for viewers. Total subscribers to Disney Plus fell to 157.8 million, the Burbank, California-based group said, with the company losing $659 million in its streaming unit, though this was not as bad as expected.
Crises from Ukraine to banking await G7 finance ministers
Support for war-torn Ukraine will top the agenda at G7 finance talks on Thursday, but ministers and central bankers will also weigh concerns from banking uncertainty to US debt default fears.
Google answers ChatGPT challenge with Bard expansion
Google on Wednesday said it is opening Bard, a rival to Microsoft-backed ChatGPT, to 180 countries as it expands use of artificial intelligence across its platform.
Jewellery with Nazi links fetches over $155 mn at controversial auction
Jewels belonging to an Austrian billionaire whose German husband made his fortune under the Nazis raked in more than $155 million Wednesday at an auction held amid criticism from Jewish groups. "Instead, the auction should be put on hold until a serious effort is made to determine what portion of this wealth came from Nazi victims," it added.
Germany says controversial Chinese stake in Hamburg port to go ahead
The German government said Wednesday that it would allow a Chinese firm to buy a stake in a Hamburg port, after the terminal was classed as critical infrastructure. The government controversially gave the go-ahead in October for state-owned Chinese shipping giant Cosco to buy up to a 24.9-percent stake in the Tollerort container terminal in Hamburg.
Climate maths 'doesn't add up' without carbon capture: COP28 chief
The Emirati oil chief leading this year's UN climate talks said Wednesday the world must get "serious" about new emission-capturing technology, rather than focussing only on replacing fossil fuels with renewable energy.
US consumer inflation eases but price pressures remain
Consumer inflation in the United States nudged down only slightly in April, the Labor Department said on Wednesday, despite strong efforts to cool the economy and rein in price increases. In April, hiring in the United States picked up pace while unemployment remained low, although analysts pointed to a longer-term downward trend.
Shell wins legal case over Nigeria oil spill
Britain's highest court ruled Wednesday it was too late for people in Nigeria's Niger delta region to lodge pollution claims against energy giant Shell after a huge oil spill more than one decade ago.
Toyota full-year net profit beats forecast
Top-selling automaker Toyota said Wednesday that its full-year net profit beat expectations and projected better sales and revenue for the year ahead as supply chain disruptions ease. It said it expects full-year net profit to increase five percent for the year ahead to 2.58 trillion yen on "improvements in semiconductor supply and the efforts of production sites".
AFP
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