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Netflix soars to 230 mn subscribers, co-founder steps down
Netflix soars to 230 mn subscribers, co-founder steps down
Business and Economy
by  AFP

US streaming giant Netflix on Thursday said it ended last year with more than 230 million global subscribers, beating analysts' expectations as hits such as "Wednesday" and "Harry & Meghan" enticed new viewers. "2022 was a tough year, with a bumpy start but a brighter finish," the company said in a letter announcing bumper fourth quarter earnings.

NASA, Boeing team up to develop lower-emissions aircraft
NASA, Boeing team up to develop lower-emissions aircraft
Business and Economy
by  AFP

The US space agency NASA is teaming up with aviation giant Boeing to develop a next-generation commercial aircraft that emits less carbon. NASA and Boeing said development of the next-generation plane could help meet the White House and industry's objective of net-zero carbon emissions from aviation by 2050. cl/des

Fed Vice Chair sees high rates 'for some time' to cool prices
Fed Vice Chair sees high rates 'for some time' to cool prices
Business and Economy
by  AFP

Interest rates will need to remain high for some time even as inflation eases, Federal Reserve Vice Chair Lael Brainard said Thursday, vowing the central bank plans to "stay the course" in fighting price increases. "Even with the recent moderation, inflation remains high, and policy will need to be sufficiently restrictive for some time," Brainard said in prepared remarks for an event in Chicago.