so we start in the us, where, as you ve been hearing, the world s biggest entertainment company, walt disney, is axing 7000 jobs as part of a cost cutting drive. it comes as the company revealed the first fall in subscribers to its streaming service, disney+, since it was launched more than three years ago. veteran ceo bob iger has returned to run the company again after its shares lost almost half their value last year, as michelle fleury reports from new york. this is ceo bob iger s first set of results since returning to the company in november, attempting to revive the storied brand and cement his legacy, he said disney was embarking on a significant transformation, putting creativity at the heart of everything it does, while announcing the elimination of 7000 jobs as it seeks to trim costs by $5.5 billion. his comments point to the future, but results showed the mouse house performed better across a number of areas in the last months, compared to the dismal showing that
we will look at taiwan in the moment and the implications of nancy pelosi s trip there. we start with oil and the impact high prices is having on the global economy. nearly every country is struggling with the climbing cost of oil and gas as it fuels inflation and households struggle to pay bills so much so that president biden visited saudi arabia last month to persuade the major oil producer to increase supply and cool soaring prices. saudi arabia meets today with the other members of opec plus to decide on their next move. our middle east business correspondent sameer hashmi has more. another opec plus meeting but this one is a crucial one that comes with them if as of august producing the same amount you are back most members of opec plus in the uae only to members which have limited spare capacity. that boils down to them whether they will be able to boost production substantially to balance the market and bring down oil prices. it s very unlikely they are going to mak
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revenue a year. these are high stakes, markets are high sta kes, markets are looking high stakes, markets are looking closely, and this kind of own goal from google looking closely, and this kind of own goalfrom google is exactly what they didn t want. james clayton, there are. there. let s go to asia, now, where we are expecting results from the world s top carmaker toyota and its rival nissan. toyota wears the crown in the global car industry in terms of numbers it sold $10.5 million vehicles last year butjust a fraction of those some 25,000 were fully electric. and there are worries the company is falling behind in the transition to zero emission cars. let s talk to giacomo rossi, who looks at transport for the consultants frost and sullivan in milan, italy. a warm welcome to you. toyota s numbers are just out and, you know, it did pose a surprise, a 22% rise in third quarter operating profits. good news, but there is concern about its