News
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Netflix and Disney poised to shake up TV ad world
Netflix is expected to launch an ad-supported subscription tier in early November, about a month before rival Disney+ does the same
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LinkedIn ran social experiments on 20 million users over 5 years
LinkedIn ran experiments on more than 20 million users over five years that, while intended to improve how the platform worked for members, could have affected some people's livelihoods, according to a new study
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Pakistan's devastating floods renew reparation calls from climate activists
The currently favored term for this concept is "loss and damage" payments, but some campaigners want to go further and frame the issue as "climate reparations," just as racial justice activists call for compensation for the descendants of enslaved people
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Four-day work week brings no loss in productivity
Companies leaders who were a part of a corporate experiment said the four-day week gave employees more time to exercise, cook, spend time with their families and take up hobbies, boosting their well-being and making them more energized and productive when they were on the clock. The move has its critics, however
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From America to Asia: Central banks in accept pain now, fearing worse later
Inflation has been relentlessly rapid for a year and a half now. The longer that remains the case, the greater the risk that it is going to become a permanent feature of the economy. But the aggressiveness of the monetary policy action now underway also pushes central banks into new and risky territory
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Global Financial Centres Index (GFCI) rankings: Hong Kong replaced by Singapore as Asia's top finance centre
Hong Kong has adhered to a version of China's strict zero-Covid rules throughout the pandemic, battering the economy and deepening a brain drain as rival business hubs reopen; meanwhile, Singapore jumped three places to third spot
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Boeing reaches $200 million settlement with regulators over 737 Max
The settlement is to resolve an investigation into claims that the aircraft manufacturer and a former CEO had deceived investors about problems with its 737 Max plane that led to two deadly crashes in 2018 and 2019
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Warner Music finds new boss in old frenemy: YouTube
Warner Music Group, the smallest of the three major music conglomerates, has chosen Robert Kyncl, the longtime chief business officer of YouTube, as its next chief executive, effective Jan. 1
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Spotify bets on audiobooks
The music-streaming company transformed the music industry when it gave listeners access to a seemingly limitless catalog of songs through its streaming music service more than a decade ago. Now Spotify's move into audiobooks could reshape what has become a rapidly growing category for publishers
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US jury orders Meta to pay $174.5 million for patent violation
A trial in Texas federal court ended with jurors deciding that "live" features at Facebook and Instagram used technology patented by Voxer, a company co-founded by Tom Katis, a US Army veteran seeking to fix shortcomings in battlefield communications
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Cheap mealboxes give a taste of Hong Kong's economic woes
Small shops selling inexpensive two-dish mealboxes have mushroomed across one of the world's least affordable cities, cropping up in working-class and white-collar areas alike as people tighten their belts amid fears of a recession after pro-democracy protests followed by strict Covid protocol for over two years