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
official confirmation of what led to the shooting, but president biden has described it as outrageous and unacceptable. one of the four killed has been identified as philstavious dowdell by local media. he was a standout high school athlete and was planning to attend jacksonville state university on an american football scholarship. earlier, alabama police gave this update on the victims. some of those injuries are critical. they are in critical condition. and that s why it s so important we absolutely need everyone to continue to pray for those individuals to allow them to recover from what they re enduring, as well as their families. earlier, i spoke to our correspondent, jessica parker, who is in dadeville, alabama. i understand you havejust arrived there. can you give us arrived there. can you give us a sense of how the community is react in? we arrived just as a vigil had been taking place just up the road from here in a kind of parking area and dozens and dozens of peop
as of right now, there s no official confirmation as to what led to the shooting but president biden has described it as outrageous and unacceptable . one of the four killed has been identified as philstavious dowdell by local media. he was a standout high school athlete and was planning to attend jacksonville state university on an american football scholarship. earlier, alabama police gave this update on the victims. some of those injuries are critical, they are in critical condition, and that s why it s so important we absolutely need everyone to continue to pray for those individuals to allow them to recover from what they re enduring, as well as their families. earlier, i spoke to our correspondentjessica parker, who is in dadeville, alabama. jessica, i understand you have just arrived there. can you give us a sense of how the community is reacting? yeah, well, we arrived just as a vigil had been taking place just up the road from here in a kind of parking area and do
a far cry from the 9% we saw in june but there are warnings of a possible recession or the pipelines our business reporter katie silva has been looking into the details of the story for us. it is always great to see you on asia business report at the seems like relatively good doesn t it? fit at the seems like relatively good doesn t it? of course. as we mentioned good doesn t it? of course. as i we mentioned a huge drop since lastjune. 5% inflation down from 6%, its well and truly been welcomed in high quarters, president biden saying it gives american families some breathing room in particular pointing to the fact that we ve seen the greatest reduction in the costs of gas as well as food and grocery expenses, things that are very important to american families. but the excitement should be tempered somewhat. up was the us like many major economies pursues an inflation target of 2% so 5% is still a long way off that and if we were to take out those impacts of the fuel and