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Netflix loses $40 billion after Russia exit

Shares of American streaming service Netflix plunged 37% during early trading on Wednesday, marking a massive loss of $40 billion in market capitalization, after the company reported its first customer decline in more than a decade. The company said the number of subscribers in its first quarter dropped by 200,000, …

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Striking truckers reject Spain’s offer of half-billion euros

Striking truckers have rejected Madrid’s offer of a hefty subsidy to offset rising diesel prices, which the government had hoped would shut down a work stoppage that has snarled traffic across the country.  Transport Minister Raquel Sanchez pledged to introduce a $551.35 million (€500 million) subsidy in direct aid to …

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Russia enjoys $65 billion windfall as oil rallies

Russia could get an additional $65 billion for its state coffers this year if higher oil prices remain resilient, Bloomberg reported this week, citing estimates made by economists. For the windfall to realize, prices need to remain around $90 per barrel of Brent for the rest of the year, according to the …

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Spotify loses $2 billion in Joe Rogan controversy

The market capitalization of streaming services provider Spotify dropped some $2.1 billion within three days after folk-rock legends Neil Young and Joni Mitchell voiced their protest against its most popular podcast ‘The Joe Rogan Experience’ demanding to delete the show from the streaming platform over spreading fake pandemic information. The …

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‘Putin’s banker’ loses $14 billion claim against Russia

Spain’s highest court has rejected a long-running lawsuit brought by former oligarch Sergey Pugachev which demanded Russia pay more than $14 billion in damages, rejecting an appeal against a previous legal ruling. On Monday, Russian media reported that the court in Madrid had dismissed the claims from the founder of …

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Israel’s $3-billion plan to strike Iran revealed

The Israeli military has reportedly drawn up several scenarios to strike Iranian targets, but warned the government that the outcomes of such actions – or their effects on Tehran’s nuclear program – were difficult to predict. The Israel Defense Forces (IDF) was allocated some nine billion shekels ($2.9 billion) to …

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Your $1.7 billion of gold is now ours, UK tells starving Venezuelans

The recent decision, CNN reported, “ruled that recognition of heads of state and government was solely the responsibility of the British government, which had recognized [opposition leader Juan] Guaidó as Venezuela’s Constitutional interim President.”  Like most duplicitous corporate media, CNN pushed the narrative that Nicolas Maduro isn’t actually Venezuela’s elected …

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UAE may scrap $23-billion F-35 deal with US – reports

The plans to procure the 5th generation fighter jets have been sent for “re-assessment”, an unnamed UAE official told Reuters on Tuesday, confirming earlier reporting by the Wall Street Journal on a potential breakage of the deal. “Technical requirements, sovereign operational restrictions, and cost/benefit analysis led to the re-assessment,” the …

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Russian billionaire faces $7 billion divorce claim

On Tuesday, Bloomberg reported that Vladimir Potanin faces a new legal battle with his former spouse in a civil suit filed in London. British judges have previously been known to divide a couple’s assets equally in such cases. Potanin is worth around $30 billion, according to Forbes, much of it …

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