Global Breaking News - Sunday, May 5, 2024
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[Misc] (HL-20190804~20190810) Weekly Headlines
최고관리자 | 19-08-04 01:53
(Mon) After Netflix jacks up price, some click off
넷플릭스 가격 상승 후 가입자 탈퇴해
Some binge watchers didn't want to pay extra to stay on Netflix after the streaming video company jacked up prices in May. As a result , Netflix Wednesday reported that it lost 130,000 customers in the U.S. in the second quarter. That wasn't all the bad news. Internationally it added 2.8 million new subscribers, missing Wall Street's target of 4.8 million. That pushed shares down about 13 percent in after hours trading. Reuters reporter Lisa Richwine. "This is a tough quarter for Netflix. Wall Street is used to them adding subscribers, growing like crazy every quarter. The challenge going forward is there is a lot of competition coming. Disney plus is coming to the market, a streaming service with a ton of great brands and content behind it. A bunch of other companies have things coming later this year or next year. So that competition hasn't even hit yet. And Netflix has shown a blip in their fast paced growth." And that competition is already clawing away rights to popular shows like Friends and The Office from Netflix. But Netflix said it expects to sign up 7 million new users in the third quarter with several top shows like "Stranger Things" and "Orange is the New Black" launching new seasons.
(Tue) Ryanair cuts 2020 passenger forecast, fearing Boeing MAX delays
라이언에어, 보잉 737 맥스 여객기의 지연으로 2020 승객 전망치 하향 조정해
Turbulence ahead, for low-cost carrier Ryanair. Passenger numbers next summer will be lower than it previously thought, it says Down to possible delays in deliveries of Boeing 737 Max planes. The Irish firm had forecast 7% more travelers - that's been cut to three percent. The downgrade trims passenger numbers by 5 million to 157 million for the year to March 2021. Boeing's top-selling jet has been grounded since March after 346 people died in crashes in Ethiopia and Indonesia. Ryanair expects it to return to service before the end of the year - and to take new deliveries in January and February. But, it says, the exact date is uncertain. And warns that underperforming Ryanair bases could also be cut - and jobs hit.
(Wed) New designs, new strategy pay off for Burberry
버버리, 새로운 디자인과 새로운 전략으로 매출 상승
A new designer, and a move upmarket, seem to be paying off for Burberry. Store sales up 4 percent in the first quarter - double what markets expected. And it seems to be the new lines proving popular. Creative chief Riccardo Tisci was brought in to give Burberry a bit more edge. More of this kind of thing, and not so many classic trench coats. The new designs accounted for about half of sales in the period. That too is better than expected. Chief executive Marco Gobbetti is also gambling on a change of strategy . He's taken Burberry further upmarket, where profit margins are fatter. And there's this. Goods plastered in its new monogram. It's on everything from hoodies to handbags. Reminiscent of the way Gucci and Louis Vuitton have turned their logos into big money-spinners. Investors seem to like what they see. Burberry shares jumped more than 13 percent in morning trade Tuesday.
(Thu) Lab-grown steak could soon be on the menu
실험실에서 재배된 스테이크, 곧 메뉴에 오를 수 있을 것
It sizzles and smells like steak - but this meat lookalike was actually born here - in this Israeli lab. With the numbers of people opting for plant-based diets on the rise , Israeli start-up Aleph Farms began dabbling in lab-grown 'cuts' of meat. They claim to be the first company to develop steak in a lab. And say they're now looking to high-end restaurants around the world to get it on the market by 2021. "The general idea is that we take cells from a cow without slaughtering it and this small amount of cells serve as a basis for getting more and more cells and from these cells we create the different cell types that comprise the muscle cut -- which is actually the steak that we are eating." The various muscle, tissue, fat and blood vessel cells are combined in a specific ratio. And grown on a 3-D scaffold to form a piece of meat, that's as similar to the real deal in shape, taste and texture as possible. Its inventors say it’s more ethical, more sustainable and also healthier than commercial meat. "The process of creating the meat cut is in closed vessels that allow no contamination and accordingly we don't need to add any antibiotics. More than that, we can enrich the meat cut with specific nutrients that are important to our nutrition and even tailor it for specific populations that we want to adopt the meat cut to their requirements." The company's first offering is minute steak, which currently costs around $50 per serving. But Aleph Farms hopes to bring that price down - to compete with the price of the real deal.
(Fri) Earnings rise at Citigroup
시티그룹 수입 증가해
Citigroup kicked off earnings season Monday with quarterly profit and revenue that rose and beat Wall Street's expectations. Strength in consumer banking offset weakness in its trading business. Consumers continued to borrow money, boosting Citi's loans and deposits . Trading revenue, however, shrank in both fixed-income and equities. Bank executives had been warning that slower activity among clients and Brexit-related uncertainties would hit trading revenue. Citigroup shares fell slightly and pulled down other bank shares. Citi's net interest margins got squeezed, and that had investors worried that this would lead to lower earnings and profitability for big U.S. banks. Net interest margin is the difference between what banks pay on their deposits and what they make on their loans. Investors will get results from JPMorgan Chase and Wells Fargo on Tuesday and Bank of America on Wednesday.
** Other Latest Headlines **
* S. Korea cancels licenses for 10 elite high schools
South Korea pushed ahead Friday to cancel the licenses of 10 "autonomous private high schools" despite strong protests from the elite institutions and parents. Education Minister Yoo Eun-hae gave consent to regional education offices' decision to deprive eight schools in Seoul and one in Busan of their special status as they failed to pass recent performance assessments, the ministry said. They will turned into regular schools next year. One school in Seoul applied for such conversion voluntarily. "The ministry decided to consent to the cancellation of the designation of eight schools in Seoul and Haeundae High School in Busan as autonomous private high schools, because the procedures and content of the achievement evaluation by the Seoul and Busan education offices were legitimate," Vice Education Minister Park Baeg-beom told reporters. The schools and parents have protested the cancellation. The nine schools have said they would file lawsuits against what they call unfair and opaque assessments. The liberal Moon Jae-in government has promised to abolish the elite category of high schools, which it says deepens education inequality and undermines efforts to improve public education. Currently, 42 autonomous private high schools are in operation across the country. They must pass an achievement test every five years in order to have their license extended. In 2019, 24 schools were subject to evaluation.
* We must transform food production to save the world, says leaked report
Attempts to solve the climate crisis by cutting carbon emissions from only cars, factories and power plants are doomed to failure, scientists will warn this week. A leaked draft of a report on climate change and land use, which is now being debated in Geneva by the Intergovernmental Panel on Climate Change (IPCC), states that it will be impossible to keep global temperatures at safe levels unless there is also a transformation in the way the world produces food and manages land. Humans now exploit 72% of the planet’s ice-free surface to feed, clothe and support Earth’s growing population, the report warns. At the same time, agriculture, forestry and other land use produces almost a quarter of greenhouse gas emissions. In addition, about half of all emissions of methane, one of the most potent greenhouse gases, come from cattle and rice fields, while deforestation and the removal of peat lands cause further significant levels of carbon emissions. The impact of intensive agriculture – which has helped the world’s population soar from 1.9 billion a century ago to 7.7 billion – has also increased soil erosion and reduced amounts of organic material in the ground.
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