Business and Economy

Business and Economy Latest News

Disney lays off 7,000 as streaming subscribers decline
Disney lays off 7,000 as streaming subscribers decline
by  AFP

Entertainment giant Disney said Wednesday it was laying off 7,000 employees, in CEO Bob Iger's first major decision since he was asked back to lead the company late last year. Iger, who stepped down as CEO in 2020 after nearly two decades helming the storied company, was brought back after the board of directors ousted his replacement Bob Chapek.

Michael Jackson estate eyeing near-$1bn sale of music rights: report
Michael Jackson estate eyeing near-$1bn sale of music rights: report
by  AFP

The estate of Michael Jackson is closing in on a deal to sell half its interests in the megastar's music catalogue, in a deal worth up to $900 million, Variety reported. Variety, which cited three unnamed sources for its report, said the identity of Sony's partner in the blockbuster deal -- or even the existence of one -- was not clear.

Energy

Money

Industry

Technology

Economy