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Netflix calls it quits on Russia amid Ukraine War

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Streaming giant Netflix has called it quits on Russia, halting all projects in the country amid the ongoing war in Ukraine

The streamer is the latest corporate giant to take a stance against the Kremlin, as many other businesses exit Russia in a mass exodus.

Netflix is set to halt projects in Russia effective immediately according to reports.

It is unclear if the decision is permanent, but the suspension is expected to be in place for as long as Russian forces continue to aggressively invade neighbouring Ukraine.

According to Variety, the streamer is “assessing the impact of current events”, which has led to four Russian original series being indefinitely paused.

Zato, a crime series set after the fall of the Soviet Union, directed by the Belarus-born director Darya Zhuk, was already in production but has now been put on hold.

Netflix also has another three series in the pipeline in Russia, including Anna K, based on Anna Karenina.

The service launched in the country just over a year ago and is believed to have about 1 million subscribers.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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