Category: Business

Netflix Inc (NFLX.O) is not looking to buy a movie theater chain, Co-Chief Executive Ted Sarandos said on Monday, a rejection of speculation that swirled after the world’s largest streaming service bought two cinemas. The company owns one theater in New York, purchased in 2019, and one in Los Angeles, which it bought in 2020. […]

The shift to electric vehicles will force huge changes in the auto industry and require EU backing for ‘reskilling’ programs to help workers prepare for a zero-emission future, according to a report published on Tuesday. The Platform for Electromobility, an industry group, said a report by the Boston Consulting Group showed by 2030 European auto […]

Boeing Co (BA.N) showcased efforts to boost efficiency in its aircraft on Monday, a week after rival Airbus staged a similar conference, as global aviation faces growing political pressure to cut emissions and demands by environmental groups for curbs to air travel. The U.S. planemaker is just one of many companies in the industry playing […]

Endeavor Group Holdings Inc (EDR.N), the owner of the Ultimate Fighting Championship, will acquire sports betting business OpenBet from Scientific Games Corp (SGMS.O) for $1.2 billion in cash and stock, the companies said on Monday. Endeavor, whose shares were up nearly 10% in extended trading, said the acquisition will strengthen its position in the sports […]

Goldman Sachs has cut China’s economic growth forecast for 2021 to 7.8%, from 8.2%, as energy shortages and deep industrial output cuts add “significant downside pressures”, it said in a note on Tuesday. The power supply crunch, brought about by environmental controls, supply constraints and soaring prices, has forced industries throughout the country to cut […]

Some Bank of Japan policymakers warned of the risk of a delay in the country’s economic recovery as state of emergency curbs to combat the coronavirus pandemic weighed on consumption, minutes of their July meeting showed on Tuesday. While the nine-member board agreed that robust exports and capital expenditure would underpin growth, some also called […]

BlackRock Inc (BLK.N) and Royal Bank of Canada’s (RY.TO) BlueBay Asset Management are among asset managers exposed to embattled developer China Evergrande Group (3333.HK), while TCW and HSBC funds have closed positions, researcher Morningstar said. In an analysis Morningstar published on Sept. 24, Morningstar also said UBS Group AG (UBSG.S) and London-based Ashmore Group PLC […]