Browsing: Business News

The Metro says a billionaire investor has dramatically pulled his cash out of Netflix following a plunge in the streaming service’s share price.

TRT World says Netflix has said inflation, the Russian offensive in Ukraine, and fierce competition contributed to a loss of subscribers for the first time in more than a decade.

The Independent says the average rental asking price in the UK has jumped to a new record as demand continues to outstrip properties on the market, according to a report.

The Metro says Brits face a further squeeze on their household incomes after the rate of inflation rose to another 30-year high.

The Independent says household saving is expected to fall by 71% on last year to an average of £26 a week as inflationary pressures drastically reduce families’ ability to put money away, figures suggest.

The Guardian says households in Britain have come under renewed pressure from the soaring cost of living after the official inflation rate reached 7% last month amid a record increase in petrol and diesel prices.

The Independent says retail sales growth slowed significantly last month as consumer confidence “continued to sink” amid the cost of living crisis, new research has revealed.

Arab News says PM Mario Draghi announced a deal on Monday to boost gas deliveries from energy heavyweight Algeria, as he steps up efforts to reduce Rome’s heavy reliance on Russian imports.

The Sun says MILLIONS of families and pensioners will get a pay rise from today as benefit rates go up.

The Guardian says Ukraine’s economy is on course to contract by almost half this year as the Russian invasion and the impact of a “deep humanitarian crisis” takes its toll, the World Bank has said.