Netflix Inc. co-founder Reed Hastings is stepping aside as chief executive officer of the company he’s led for more than two decades, leaving the position to his two longtime associates, Ted Sarandos and Greg Peters.
The conflict between Brazil’s ambitions to become a more responsible environmental steward while also ramping up lucrative oil exports has turned into an early test for President Luiz Inacio Lula da Silva.
Chicago Mayor Lori Lightfoot faced a wave of criticism for rising crime in the first televised debate as candidates jockeyed to replace her as head of the third-largest US city.
Billionaire investor Ryan Cohen’s efforts in pushing Alibaba Group Holding Ltd. to buy back more shares may face challenges.
France will increase its defense budget over six years as President Emmanuel Macron seeks to adjust the nation’s military to new threats posed by the war in Ukraine and technological attacks.
Germany’s new defense minister, Boris Pistorius, said his government hasn’t made a decision yet on supplying its Leopard battle tanks to Ukraine but that it could move quickly if an agreement can be reached with NATO allies.
Forecasters now expect US economic activity to contract over consecutive quarters in the middle of this year as steep interest-rate hikes from the Federal Reserve cascade more broadly across the economy.
The crackdown started last year with a letter from a little-known Texas politician. Sent to more than 100 of the world’s largest financial firms, the missive demanded they make clear whether they restrict business with the fossil-fuel industry. If so, they’d risk getting shut out of working with the fastest-growing US state.
Republicans still haven’t solved the quandary of how to talk to voters about abortion, still stinging from their midterm losses and with the White House at stake in less than two years.
Currency traders are betting that the euro will see another bout of violent swings as European Central Bank hawks keep the focus on raising interest rates.
