Wednesday, July 20, 2022

Netflix spins massive subscriber loss as a win

Netflix lost nearly a million subscribers last quarter as many cut
down on discretionary spending.

But the streaming service's shares ticked up in early trading
Wednesday as the company lost fewer subscribers than anticipated.

William Denselow reports from New York.

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BORIS JOHNSON TAKES HIS FINAL PMQS

Boris Johnson has taken his final Prime Ministers Questions in parliament as the contest to replace him as leader of the Conservative party ramps up. Mr Johnson praised his government for what he said were successes while in government…but opposition party leader Sir Keir Starmer wasn't as complimentary. Laura Makin-Isherwood reports.


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Brussels asks EU members to cut energy usage

The European Commission has asked member states to cut energy usage by 15% in response to fears over supply from Russia. EU officials say Russia is using energy as a weapon, with several countries partially or fully cut off already. Julia Chapman has more from Brussels. 

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TORY LEADERSHIP RACE REACHES FINAL STAGES

The race to select Britain's next Prime Minister is in its final stages, with one final candidate due to be knocked out later today, leaving two hopefuls for the final run-off. Alex Cadier [KAD-YAY] reports.

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Public Protector subpoenas president

UK faces further disruption after heatwave damages homes and railways

The UK faces another day of disruption on Wednesday after rail infrastructure and buildings were damaged by extreme heat.


Temperatures soared to above 40 degrees on Tuesday, making it the hottest day on record.


Sally Patterson has more.


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Ranil Wickeremsinghe chosen President to guide Sri Lanka out of choppy waters

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Sri Lanka's Parliament has elected Ranil Wickremesinghe as the new President of the country.

The veteran leader and six-time Prime Minister – was chosen with 134 votes in his favour in the 225-member parliament.

Ishan Garg reports.  


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UK INFLATION JUMPS AGAIN

UK inflation has risen to 9.4% - with fuel and food costs pushing prices higher at their fastest rate in four decades.

Unions say the latest data shows public sector workers need pay rises that keep up better with prices.

The Bank of England says a 0.5% hike in interest rates will be one of the options considered at its next meeting in August.

Chief Secretary to the Treasury Simon Clarke says the government is doing what it can.

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Sri Lankan Parliament to elect a new President

Intro:

Sri Lanka's parliament will choose a new President on Wednesday who'll have to lead the country out of its worst economic crisis.

The ex-President Gotabaya Rajapaksa fled Colombo last week after protestors stormed his office and residence.

And now the race to replace him is a three-way contest, as Ishan Garg reports.

 

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Hong Kong ramps up testing of elderly amid COVID-19 rise

Hong Kong’s health authorities are ramping up compulsory COVID-19 testing in a bid to stop a consistent rise in daily case numbers. The plan comes as some local health experts say the time has come to relax the rules and allow the city to open up again. 

Richard Kimber reports from Hong Kong.


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Japan plans Abe state funeral for September amid criticism

The Japanese government will hold a state funeral for former Prime Minister Shinzo Abe at the end of September.  

Abe was fatally shot earlier this month on the campaign trail in an incident that has  shocked the nation. 

But the funeral plan has come under attack for using taxpayers' money.

Phoebe Amoroso, Tokyo

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Tuesday, July 19, 2022

US stocks surge on earnings optimism

The major US indexes surged Tuesday as investors bet that stocks have
hit their bottom after several months of consistent losses.

And traders are encouraged by what they have seen so far during earnings season.

William Denselow reports from New York.

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US Consumer Health Holding Up

Data from the largest lenders in the United States shows strong consumer spending and few signs of credit deterioration. 

The lenders say Americans are beginning to spend money they had managed to save during the coronavirus pandemic. 

Rachel Silverman has details. 


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Twitter begins legal battle with Elon Musk

An U.S. court has agreed to fast track Twitter's lawsuit against Elon Musk.

The Tesla CEO decided to walk away from a takeover of Twitter claiming
the company misrepresented how many spam accounts are on the platform.

Twitter claims Musk breached their merger arrangement.

U.S. correspondent William Denselow reports.

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Kansas will vote on whether the right to abortion should remain protected

People in Kansas will have a vote to decide on whether the right to abortion should remain protected under law in that state.

A number of U.S. states have already banned abortion since the Supreme Court overturned Roe. v Wade. 

The issue is getting a lot of attention during the primary elections ahead of November's Congressional Midterms. U.S. correspondent Caroline Malone reports.

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Twitter begins legal battle with Elon Musk

Twitter has opened its legal battle with Elon Musk in a bid to force
him to complete the takeover of the social media company.

Musk decided to walk away from the deal claiming Twitter
misrepresented how many spam accounts are on the platform.

U.S. correspondent William Denselow reports.

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Prosecutors to begin laying out case in Steve Bannon trial

U.S. prosecutors are expected to begin making their case against
former Trump adviser Steve Bannon.

He's facing contempt of Congress charges after he defied a subpoena
from the congressional probe that's investigating the January 6th
attack on the Capitol.

Gabrielle Fahmy reports.

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Ukraine’s First Lady in US meeting Jill Biden, addressing Congress

Ukraine's First Lady, Olena Zelenska, is in the US to meet her US counterpart Jill Biden and to address Congress.


She has also met Secretary of State Antony Blinken as Ukraine seeks more aid for its response to Russia's invasion.


Kate Fisher reports from Washington


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US House Speaker's Taiwan trip angers Beijing

Beijing has reacted angrily to reports US House Speaker Nancy Pelosi
plans to visit Taiwan next month.

Pelosi would become the highest ranking US official to visit the
island in 25 years.

Nick Harper reports from Washington.

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UK records hottest day on record

The hottest day in the UK on record has now been officially recorded.


Previously, the record was 38.7 degrees celsius but that has now been surpassed with the temperature expected to keep rising.


Chris Jones reports from London


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