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Business Apr 16, 2026

Reed Hastings to Exit Netflix Board After 29 Years

Reed Hastings, co-founder and former CEO of Netflix, is stepping down from the company's board of d…
Reed Hastings, the co-founder of Netflix, is leaving the streaming service's board of directors after 29 years. Hastings will not stand for re-election at the company's annual meeting in June and plans to focus on philanthropy and other pursuits.In a letter to investors, Netflix said Hastings' decision to step down is not a result of any disagreement with the company. The company's stock dropped about 8% on the news of Hastings' departure.Hastings co-founded Netflix in northern California and led it through its pivot from a mail-order DVD company to a leading streaming TV service. He stepped down as CEO in 2023.Netflix reaffirmed its mission to entertain the world, providing movies and series for many tastes, cultures, and languages. The company's full-year financial outlook remained unchanged. Revenue rose to $12.25 billion, an increase of 16% from the year-ago period, modestly exceeding analyst forecasts.The company plans to use technology to improve the user experience and monetization, with advertising revenue on track to reach $3 billion in 2026, a twofold increase from a year ago. Netflix also highlighted areas of future growth, including video podcasts and live entertainment.
#Reed Hastings #Netflix #Warner Bros Discovery
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Sports Apr 16, 2026

Eddie Howe’s Last Six Fixtures Could Seal Newcastle United’s Fate as Transfer Decisions Loom

With Newcastle United languishing 14th and facing a crucial six‑game run, manager Eddie Howe must p…
Eddie Howe finds himself under unprecedented pressure as April brings a familiar sting: Newcastle United sit 14th in the Premier League with only six games left to convince the board that his tenure should continue. The club’s hierarchy, led by sporting director Ross Wilson and chief executive David Hopkinson, faces a stark financial reality. To stay within European and Premier League spending rules, Newcastle will likely need to sell at least one, possibly two, of Sandro Tonali, Anthony Gordon and Tino Livramento before the September transfer window. If the team fails to qualify for Europe, all three may demand exits. Last summer’s transfer activity has drawn criticism. The £125 million received from Alexander Isak’s sale to Liverpool was funneled into a £220 million spending spree on Nick Woltemade, Yoane Wissa, Anthony Elanga and Jacob Ramsey. Yet all four starters began the season on the bench, and Newcastle have lost 25 points from winning positions this campaign, including a 2‑1 defeat to Crystal Palace. Adding to the woes, Woltemade – a £69 million acquisition – appears ill‑suited to Howe’s preferred 4‑3‑5 formation. Despite scoring ten goals, his size and pace make him more of a deep‑lying No 10 than a traditional centre‑forward, forcing him to operate in midfield. Howe’s tactical rigidity is also under scrutiny. His high‑pressing, counter‑attacking 4‑3‑3 system, which delivered Champions League spots and a Carabao Cup triumph in previous seasons, now seems predictable. Opponents have adapted, and Newcastle have kept only three clean sheets in their last 25 league matches, often burning out after the 75‑minute mark. Critics point to a lack of fresh ideas within the coaching staff. Howe’s long‑standing backroom team, headed by assistant Jason Tindall, has remained largely unchanged since their Bournemouth days, potentially fostering a “group‑think” mentality. Former defender‑turned‑analyst John Anderson argues that “a fresh pair of eyes” could rejuvenate the squad, citing Sir Alex Ferguson’s practice of periodically bringing in new coaches. The club’s Saudi owners, already displeased by recent defeats to promoted Sunderland, may be reconsidering the level of autonomy granted to Howe and his nephew Andy Howe in player recruitment. The upcoming match against Bournemouth holds added significance, as Howe has never beaten his former club in a league encounter. Ultimately, Howe’s future hinges on two factors: his willingness to cede some control over recruitment and his ability to embrace new coaching perspectives. Even a short‑term revival in the next six games could restore boardroom confidence, but a failure may end his five‑year spell at St James’ Park.
#Newcastle United #Eddie Howe #Premier League
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Sports Apr 16, 2026

Saudi Arabia's Sports Investment Shift: LIV Golf Faces Uncertainty

Saudi Arabia's Public Investment Fund (PIF) is withdrawing financial support for LIV Golf, a move e…
The sports world is reeling from the news that Saudi Arabia's Public Investment Fund (PIF) is pulling back its financial support for LIV Golf, a rebel tour that has been a key vehicle for the kingdom's ambitious attempts to become a leading global sports destination.Conservatively estimated to have cost Saudi Arabia over $10bn in the past five years, the slowdown in lavish spending on sport was expected, but the withdrawal of PIF's support has sent shockwaves throughout the industry. This move was first communicated to LIV executives on Monday, leaving many employees fearing for their jobs.The uncertainty is not limited to golf, with other sports administrators worried that similar cuts could be coming their way. LIV Golf's future is now in doubt, with the tour's chief executive, Scott O'Neil, failing to address the possibility of PIF's withdrawal in an email to staff on Wednesday evening.Sports executives outside golf have expressed concerns about the future, stating, 'We all went running to Saudi for a quick payday and are now wondering what the future holds.' The PIF's investment strategy now focuses on domestic benefits and building real businesses, with LIV Golf being seen as vulnerable due to its lack of profitability.The PIF's financial strategy for 2026-2030 emphasizes 'value realisation through performance, innovation, and private sector engagement.' While sport is not listed as one of PIF's six investment pillars, it will be included under the tourism, travel, and entertainment portfolio.The move towards privatization is evident, with PIF selling a 70% stake in Al-Hilal, one of its Saudi Pro League clubs, to a private company owned by Prince Al Waleed bin Talal Al Saud. Other sports, such as Esports, boxing, and mixed martial arts, are expected to continue receiving investment due to their popularity and potential for growth.The implications of PIF's shift in strategy extend beyond golf, with Newcastle United and other sports organizations potentially affected. As Saudi Arabia continues to invest heavily in certain sports, the future of others, like LIV Golf, remains uncertain.
#Saudi Arabia #Public Investment Fund #LIV Golf
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Commentisfree Apr 16, 2026

Trump‑Backed 10‑Day Lebanon Ceasefire Faces Fragile Reality Amid Rising Civilian Toll

A U.S.‑brokered 10‑day ceasefire in Lebanon, announced by President Donald Trump, aims to halt esca…
President Donald Trump announced a 10‑day ceasefire for Lebanon on Thursday, a move hailed as urgently needed yet fraught with uncertainty. The pause follows a wave of Israeli attacks that, on "Black Wednesday," saw 100 strikes in ten minutes and left hundreds dead. Iran and Pakistan, acting as mediators, initially believed Lebanon fell under the scope of a prior U.S.–Israel–Iran truce. However, Israel’s subsequent offensive—including the destruction of the last bridge linking southern Lebanon to the rest of the country and a strike on a school—demonstrated a stark departure from that assumption. Casualty figures are grim: more than 2,100 people have been killed, among them at least 172 children, with thousands more injured. One in five Lebanese citizens are now displaced, many facing permanent uprooting as Israel reportedly erases entire villages, echoing tactics used in Gaza. Direct talks between Lebanon and Israel on Tuesday marked a "striking departure" from the conflict’s trajectory, but the Lebanese government does not control Hezbollah, the militant group driving much of the fighting. While Lebanon expelled Iran’s ambassador a month ago, the envoy remains in place, and Hezbollah did not block the recent negotiations. President Joseph Aoun rejected a U.S. request to speak directly with Prime Minister Benjamin Netanyahu, underscoring the limited scope of diplomatic outreach. The ceasefire’s durability is tightly linked to broader U.S.–Iranian discussions. Israel’s baseline demand remains the disarmament of Hezbollah, whereas Hezbollah insists on a full Israeli withdrawal. Netanyahu’s recent surprise visit to Lebanon’s south, where he pledged to expand a so‑called "buffer zone," signals a hard‑line stance that could jeopardize any lasting peace. Within Lebanon, public anger toward Hezbollah has surged after its rocket retaliation for the killing of Iran’s supreme leader ignited the war. Simultaneously, the relentless Israeli bombardment has eroded confidence in the Lebanese state, pushing vulnerable communities toward the militant group and deepening social fissures that harken back to the country’s civil‑war era. Internationally, even long‑standing allies of Israel, notably the United States, are expressing growing unease over the conduct of the campaign. Critics argue that any pause must be genuine and sustained, not a superficial lull that leaves civilians exposed to continued violence. The fragility of the current ceasefire is evident, especially as Israel continues strikes in Lebanon despite a prior truce and as its military actions in Gaza have already resulted in hundreds of Palestinian deaths.
#lebanon #israel #hezbollah
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Economy Apr 16, 2026

Rising Gas Prices Devastate US Citizens Amid Ongoing Conflict

The ongoing conflict between Israel and Iran has led to a significant increase in global fuel price…
The ongoing conflict between Israel and Iran has led to a substantial increase in global fuel prices, affecting Americans and forcing them to make difficult trade-offs. Many are struggling to access essential items, including medication and groceries, while others are facing financial insecurity and even homelessness.The impact of rising gas prices is being felt across various aspects of life, from accessing essential medicines to facing the brink of homelessness amid an already rising cost of living. For Mandy, a 42-year-old mother in central Utah, higher gas prices have made it harder to visit one of her children, who has disabilities and lives hours away.“Before [Donald] Trump and [Israeli prime minister Benjamin] Netanyahu started their war, gas in my town was $2.70 a gallon. Now it’s $4.19 and I’m terrified it’s going to go closer to $5 before all is said and done. One of our children is disabled and lives in a group home two and a half hours away,” she said.Rising gas prices are also affecting people’s ability to access necessary medication. Lisa, a 56-year-old living with disabilities on a tribal reservation in Oregon, said rising gas prices had disrupted her ability to access necessary medication.“My caregiver and I have had to cut back our trips to pick up my prescriptions, even though they are necessary. Because I live in rural Oregon, the basic necessities are 40 minutes away, so if a doctor calls in an additional prescription after I’ve already been in town for the week, that prescription has to wait for the following week for me to pick it up,” she said.The strain is also being felt by food banks and pantries. Melissa Meyer, chief executive of IPM Food Pantry in Cincinnati, Ohio, said rising gas prices had driven more people to rely on food pantries – even as those same costs strain the operations of local food banks and their volunteers.“Increased gas prices put additional costs on our operations as we must increase gas costs for picking up and delivering food across five counties of south-west Ohio … We are not cutting back our services in any way, yet,” she said.The rising cost of fuel is also having indirect effects, such as impacting small businesses and artists. Cathi Newlin, a 63-year-old ceramic artist in Sacramento, California, who also cares for her husband with Parkinson’s disease, said her income had been hit as consumers pull back.“A substantial portion of our household income is generated from the sale of my art and the classes I teach. These are surely luxury items in any economy but when people have to spend more on basics like gasoline, they don’t have as much money or desire to spend on art. The rise in oil prices very much affects my income and the price of my materials,” Newlin said.
#Israel #Iran #OPEC
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Sports Apr 16, 2026

Palestinian Football Officials Denied Canadian Visas Ahead of FIFA World Cup Meeting

Three officials from the Palestine Football Association have been denied entry to Canada for a pre-…
Officials from the Palestine Football Association have been denied entry to Canada ahead of a crucial FIFA meeting in Vancouver. The Palestine Football Association had requested FIFA to intervene with Canadian immigration authorities on their behalf.The annual FIFA Congress is set to take place in Vancouver on April 30, serving as an unofficial kickoff to the World Cup, which begins on June 11 in Mexico City. The Palestinian officials had hoped to address the issue of Israeli football clubs playing competitive matches in what the PFA argues is occupied Palestinian territory in the West Bank.Following a submission by the PFA to Congress in 2024 on the issue, FIFA undertook to investigate claims of illegal matches in the occupied territories. However, the report published in March saw FIFA rule it would 'take no action' over the claims. The Palestine Football Association president, Jibril Rajoub, is understood to be one of the three individuals denied a Canadian visa, alongside the PFA's general secretary and head of legal affairs.The decision to deny the officials visas comes amid general concern over access to the World Cup, with travel bans already in place in the United States, affecting Haiti, Iran, Côte d'Ivoire, and Senegal. FIFA President Gianni Infantino has stated that there will be no adverse effects on travel for teams or supporters at the tournament.
#fifa #cup #officials
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World Economy Apr 16, 2026

Senate Democrats Block Trump's Bid to Install New Fed Chair Amid Investigations

Senate Democrats are stalling President Trump's effort to install a new Federal Reserve chair, citi…
Senate Democrats have moved to stall President Donald Trump's bid to install a new leader of the US Federal Reserve, condemning the move as 'absurd' given ongoing criminal investigations into the central bank's leadership.Democratic lawmakers on the Senate banking committee urged its Republican leadership to postpone the planned confirmation hearing for Kevin Warsh, the financial executive and former Fed governor Trump has nominated to replace Jerome Powell as Fed chair.In a letter to banking committee chair Senator Tim Scott, the 11 Democrats called for a hearing currently scheduled for Tuesday to be delayed until investigations into Powell and Lisa Cook, a Fed governor, are closed.Powell is facing a criminal investigation into the renovations of the central bank's headquarters, which he dismissed as a 'pretext' tied to the Fed's refusal to bow to Trump's demands. The Trump administration also tried to fire Cook, an appointee of Joe Biden, for alleged mortgage fraud.The Democratic senators wrote in their letter to Scott: 'It would be absurd on its face to allow President Trump to handpick the next chair of the Federal Reserve as his Department of Justice actively pursues criminal investigations of not one, but two sitting members of the Federal Reserve board.'Warsh's nomination also faces hurdles from within the president's own party, with outgoing GOP senator Thom Tillis stating he would not support any nomination as long as there is an investigation into Powell.
#trump #fed #chair
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Sports Apr 16, 2026

New Jersey Governor Demands FIFA Foot the Bill as World Cup Train Fares Could Surge Above $100

Governor Mikie Sherrill warned FIFA that New Jersey will not subsidize exorbitant World Cup rail ti…
New Jersey Governor Mikie Sherrill publicly challenged FIFA after reports surfaced that round‑trip train tickets from New York’s Penn Station to MetLife Stadium could exceed $100 for the 2026 World Cup. Current NJ Transit listings show a standard fare of $12.90 for the same route, but a recent The Athletic report suggests the price could jump dramatically, with no discounts for children, seniors or people with disabilities. NJ Transit told Fox 5 New York that the final fare has not yet been set, but a decision is expected within days. In a social‑media post, Governor Sherrill emphasized that the state inherited an agreement in which FIFA contributes $0 toward transportation, leaving New Jersey Transit with a projected $48 million bill to safely move an estimated 40,000 fans to each of the eight matches, including the final. "FIFA is making $11 billion off this World Cup and charging fans up to $10,000 for a single ticket for the final," Sherrill said. "I won’t let New Jersey commuters shoulder that cost. FIFA should pay for the rides, and if they don’t, I won’t let our residents be taken for a ride." Sherrill added that she would approve any fare increase if FIFA does not intervene, stating, "I will, if that’s what it takes, because I’m not putting it on the backs of New Jerseyans." On Wednesday, NJ Transit’s board unanimously passed a resolution empowering CEO Kris Kolluri to set World Cup rail fares at levels sufficient to "cover any and all costs" associated with transporting the projected fan volume. Kolluri confirmed that the fare structure will not be cross‑subsidized by regular commuters. New York City Mayor Zohran Mamdani backed Sherrill’s stance, noting that FIFA often offloads costs onto local municipalities and suggesting that a partnership could make the event more affordable for everyone. FIFA responded by highlighting the original 2018 Host City Agreements, which required free transportation for fans, and noting a 2023 amendment that shifted to a "cost‑to‑use" model. The organization also claimed it had advocated for federal funding to support host‑city mobility plans. Sherrill, a Democrat elected last year on a platform of affordability, has already redirected $5 million earmarked for a fan festival at Liberty State Park toward smaller watch parties across the state. Transportation pricing for this World Cup has become a broader discussion, with Massachusetts raising its Boston‑to‑Foxborough fare from $20 to $80, underscoring growing concerns over fan‑accessibility and cost burdens.
#fifa #new #world
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Entertainment Apr 16, 2026

Jason Allen-Paisant's 'The Possibility of Tenderness' Audiobook Review: A Journey of Nature and Belonging

Jason Allen-Paisant's audiobook 'The Possibility of Tenderness' explores his relationship with natu…
Jason Allen-Paisant, an award-winning poet, has written an audiobook titled 'The Possibility of Tenderness', which is a meditation on nature, history, race, and the notion of belonging. The book is narrated by the author himself and is available via Penguin Audio, with a duration of 8 hours and 32 minutes.Allen-Paisant's early childhood in Coffee Grove, Jamaica, played a significant role in shaping his relationship with nature. He spent his early years climbing trees, picking fruit, and helping his grandmother harvest yams on their small plot of land. This close connection with the natural world had a profound impact on his life.As Allen-Paisant grew older and moved to Britain to study at Oxford, he noticed a significant change in his interactions with nature. He realized that his socio-economic status and class limited his access to the natural world in Britain, leading him to feel disconnected from the land and soil.The audiobook is a personal account of Allen-Paisant's journey to reconnect with nature and find a sense of belonging. He explains how surrounding himself with nature allows him to feel hopeful and find ways to cope with the constraints of racism. Allen-Paisant emphasizes the importance of non-anger and finding ways to live through difficult experiences.Further listening recommendations are also provided, including 'Don’t Let It Break You, Honey' by Jenny Evans and 'Slags' by Emma Jane Unsworth.
#Jason Allen-Paisent #The Possibility of Tenderness #Audible
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