they were looking to salvage a terrible financial performance that it has been seen, but also for sony, which is also really facing stiff competition right now in the indian market from the likes of amazon, netflix as well as a potential merger between disney and reliance industries. these two giants were looking to come together and consolidate their presence against this competition, but of course it has now fallen through because there was no consensus it has been said between the two companies and who would lead the merged entity. zee of course wanted its current loss to be leading it. sorry of course had reservations about that because of a number of corporate governance cases that have been pending against him. so despite nearly two years of negotiations and a 30 day grace period, the deal has now fallen through. it doesn t look like this is the end because sony is now seeking a $90 million termination fee and zee has said it will go to the courts as well. we will have
on who would have led the merged entity, zee essentially wanted it to be opening but sony was opposed to that because of a number of regulatory cases that are pending against him, such as corporate governance. despite nearly two years of negotiations and a 30 day grace period, this deal which would have created one of india s largest media entities has fallen apart. there are large implications of this, particularly on zee. they have been battling quite a terrible financial performance over the past years, but also for sony, given the huge amount of competition in the indian market. both of them wanted to face up to this competition jointly, but now they will have two face the likes of amazon, netflix and also potentially a merged entity between reliance industries and disney, single handedly that is of course something that has been speculated that there will be a merger between reliance and disney. it doesn t look like the saga is going to end anytime soon because sony has
among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been hovering at their lowest points in as many years. this comes despite somewhat upbeat signals at the end of last year. for more on what we can expect from china,
projected to get to the lowest level in a generation and they have protected that it will have a 17 billion pounds to the economy to get the economy growing and every part of britain. forgive me if i may take you to the policy that you are espousing today which is put more money in the pockets of savers and actually, by your own figures out was looking at the release you put out today summing it up to 10,000 pounds in saving to get an extra 50 for the here from what you are proposing, how is that going to affect inflation? because it makes it more attractive for people to make money into their savings account rather if anybody has 10,000 to keep in their saving, what the effects would be marginal wouldn t they? sure, but what you are looking at is the magnitude for any government has to tackle it but for the chancellor he says that he is doing, we are proposing constructive ways in which he can help to ease the burden and ease the pain for people right now, one
are coming to you live it. millions of people on the other side of the globe are bringing in 2024, fireworks lighting up the skies above the iconic temple there in bangkok. the colorful display never gets old. a gorgeous site it is new year s eve day this is a special edition fox news live i am molly line in for arthel neville. and eric shawn are both off today. rich: i am rich edson appeared celebrations across the globe at every hour today in our new york studios the crossroads of the world s one block away at their the nypd is hard at work making sure the brightest lit block party on the planet is safe for the hundreds of thousands expected in times square. waiting for the ball to drop at the stroke of midnight. police have already set up a perimeter around the area. they are screening everyone, no exceptions and security is very tight. we have alexis mcadams live inside in a subway station in times square with more and with the city is doing to get ready for the bigge