Still it is a stunning turn around given complaints levelled at Disney in recent years, that its Media Business was weighing it down. As evidence, investors would point to the decline in its traditional tv business, Box Office flops and, of course, its streaming losses. Only its park and resorts divisions were doing well. It all came to a head this year in a bitter Prox Battle with activist investors who complained that Disney was in decline. Well, Disney won that fight, and itjust scored another hit with its second quarter earnings showing that its Streaming Business is making money ahead of the timeframe that it set itself. But it is not all good news, with Consumer Demand moderating, its parks and resorts businesses are under pressure. And as Subscriber Growth is plateauing for all streaming services, Disney will need to wring more money out of its existing customers as it seeks to maintain this momentum. Tech and Media Analyst Ben Barringer explained why Disneys Amusement Parks rem
Its the sports subscription business, espn, that is driving the profit. Still it is a stunning turn around given complaints levelled at Disney in recent years, that its Media Business was weighing it down. As evidence, investors would point to the decline in its traditional tv business, Box Office flops and, of course, its streaming losses. Only its park and resorts divisions were doing well. It all came to a head this year in a bitter Prox Battle with activist investors who complained that Disney was in decline. Well, Disney won that fight, and itjust scored another hit with its second quarter earnings showing that its Streaming Business is making money ahead of the timeframe that it set itself. But it is not all good news, with Consumer Demand moderating, its parks and resorts businesses are under pressure. And as Subscriber Growth is plateauing for all streaming services, Disney will need to wring more money out of its existing customers as it seeks to maintain this momentum. Tech a
Hello and welcome. There is heavy fighting in the southern afghan city of Lashkar Gah, the capital of helmand province. Security forces in two other key Cities Kandahar in the South And Herat in the west are also battling to try to halt the taliban offensive. Thousands of people have been fleeing their homes to other parts of afghanistan and neighbouring countries. Our Correspondent Secunder Kermani is in the capital, kabul. This is the most serious Fighting Weve seen since this latest taliban offensive began. The group already had captured vast swathes of rural territory. Now, theyre trying to take their first city and earlier this evening, they made their way right to the centre of Lashkar Gah before being pushed back by afghan special forces. In the last few hours, a number of Air Strikes have been launched against taliban positions there, too. The fighting, as you say, has also been taking place around herat in the west of Afghanistan And Kandahar in the south. Caught in the middle
international monetary fund and world bank have warned the global economy faces lower growth this year and next, after the recent global inflationary shock caused by russia s war in ukraine and the ongoing covid pandemic. the world bank cut its forecast for global economic growth this year by almost a percent to 3.2%, warning that high inflation would hit billions of people in the pocket. the imf believes rising global debt could lead to lower growth in developed countries by 0.9% over the next three years. the fund believes higher interest rates are likely to hit developing countries the worst. joining me now is pauljackson, who s the global head of asset allocation research at invesco. what do you expect to be the priorities in the imf/world bank spring meetings? i would imagine it is getting support to the poorer countries that will suffer from the rising inflation and perhaps offering more support to the countries that are immediately around russia, ukraine and belarus, b
quarter of this year the bank s last quarter before it had to be rescued by swiss rival ubs. and they illustrate the scale of the crisis which was around the corner. between january and march, credit suisse made a pre tax loss of nearly $1.5 billion. to add to its woes, a massive amount of deposits were withdrawn in the three month period. total outflow was nearly $69 billion. and to remind you what happened next, when there were fresh doubts about the stability of the banking industry a few weeks ago, investors became increasingly fearful for the future of credit suisse. it was eventually bought by its swiss rival, ubs, in what was described as an emergency rescue. the $3 billion price tag was a mere fraction of what the bank would have previously been valued. let s get more now from russ mould, investment director at aj bell. worryingly for the bank, desposits are still being withdrawn. how significant is that? hello, yes, they did say they feel that the outflows are st