Netflix Plans Crackdown on Password Sharing

Netflix gains 1.75 million new subscribers resulting in 4% revenue increase, introduces Paid Sharing feature, discontinues DVD rental, and expands advertising. Mixed outlook for the rest of the year.

BRICS Grouping: The Core of the New World Order

The shift from neoliberalism to economic nationalism has widened the wealth gap, leading to a rejection of globalization. Capitalism is adapting, but the future is uncertain, with potential for progress beyond capitalism.

House Republicans Seek $3-4 Trillion in Cuts and Revenue to Raise Debt Ceiling

House Republicans discuss a one-year debt ceiling plan with cuts and revenue raisers to strengthen their negotiating position with the White House.

Apple Set to Shake Up iOS 17 with Sideloading at WWDC 2023

iOS 17 expected to enable sideloading, complying with new EU law. Upgrades to other operating systems, including macOS 14 and watchOS 10, also anticipated.

Putin’s Miscalculation: Sanctions Cripple Russia’s Electronics Industry & Military

Sanctions on Russia limit access to electronics, hindering military tech development. Putin establishes fund for semiconductors and drones, but challenges remain. Ongoing conflict may have devastating long-term consequences for Russia.

Spanish PM Apologizes to Sexual Abuse Victims Over Loophole in Consent Law

Spanish PM apologizes to sexual abuse victims for the unintended consequences of the “yes means yes” law allowing reduced sentences and early release.

Diesel Demand Drop Signals Recession: US, China and Europe Hit as Economies Falter

Diesel demand weakens in major economies, signaling reduced industrial activity and consumer spending amid concerns of an impending recession.

US-Sanctioned Chinese Defense Minister Meets Putin in Moscow.

Chinese Defense Minister Li Shangfu meets Russian President Putin to discuss military cooperation, highlighting the stable ties between the two nations.

Sega Sammy Considers $1B Acquisition of Angry Birds Maker

Sega Sammy Holdings is considering acquiring Rovio Entertainment, the Finnish company behind Angry Birds, in a deal worth $1 billion.

North Korea Claims Successful Test of New Missile, Raising Nuclear Tensions

North Korea successfully tests new solid-fuel ICBM, a major advancement in their nuclear counterattack capabilities, prompting emergency orders in Japan.