Latest News

Inflation-fighting Bank of England eyes 12th rate hike
Inflation-fighting Bank of England eyes 12th rate hike
Business and Economy
by  AFP

The Bank of England is forecast Thursday to deliver its twelfth straight interest rate hike as it seeks to dampen high inflation but risks worsening a cost-of-living crisis. - Cost-of-living crisis - In Britain -- the only Group of 7 nation where inflation topped 10 percent in March -- it has sparked a cost-of-living crisis, with increasing numbers of people pushed into poverty.

Disney Plus sheds subscribers for second straight quarter
Disney Plus sheds subscribers for second straight quarter
Business and Economy
by  AFP

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.