Business

Netflix will start cancelling inactive members’ subscriptions

May 25, 2020

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Netflix will start asking customers who haven’t used its platform in the past year if they want to keep their subscriptions, the company announced Thursday.

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31% Of Small Businesses Have Stopped Operating Amid Coronavirus: Sheryl Sandberg Shares How Facebook’s Latest Product Aims To Help

May 25, 2020

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The coronavirus pandemic has continued to take a catastrophic toll on America’s small businesses. According to Facebook’s State of Small Business report, 31% of small businesses and 52% of personal businesses have stopped operating as a result of the crisis.

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70% of Dubai companies expect to go out of business within six months due to coronavirus pandemic, survey says

May 23, 2020

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Almost half the restaurants and hotels surveyed by the Dubai Chamber expected to go out of business in the next month alone, with three-quarters of travel and tourism companies expecting to close in that time. The Dubai Chamber of Commerce in late April surveyed 1,228 CEOs across a range of sectors during the city's strictest lockdown period.

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Uber Eats to cease operation in the UAE this month

May 5, 2020

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Food delivery service Uber Eats has announced that it will cease operation in the UAE this month. The company plans to join forces with Careem’s food delivery app, following the two business’ 2019 merger.

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Expo 2020 Dubai to be held from October 1, 2021

May 5, 2020

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Two-thirds majority of Bureau International des Expositions (BIE) Member States voted in favour of postponing the event by one year

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Earnings Aren’t Going To Be Pretty, But Buy F Stock Anyway

April 26, 2020

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Ford reports earnings for the first quarter (Q1 2020) on April 28. But the company has already provided numbers. And they aren’t pretty. The company expects a net loss of $2 billion for Q1 2020.

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Netflix Sees Record Sign-Ups During Pandemic Lockdowns

April 25, 2020

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Strict confinement rules are keeping billions of people at home in a bid to curtail the outbreak, effectively providing an enormous captive audience to entertainment giants competing in the streaming market.

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No More New TV Shows Or Movies. Here’s How To Survive

April 1, 2020

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The coronavirus has stopped the production of movies and TV shows cold. In a matter of weeks we’ve gone lickety-split from peak content to trough content, i.e., no new shows.

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‘The World Is More Screwed Up’ Than The Stock Market Is Currently Reflecting, Warns Billionaire Investor

March 26, 2020

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It took seven years to get back to the 2000 highs in 2007. It took 5½ years to get back to the 2007 highs in late 2012,” Marks explained.

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