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Netflix co-founder Reed Hastings is leaving the streaming service he co-founded 29 years ago, as the company regains its footing after losing a $72 billion deal for Warner Bros Discovery to Paramount Skydance.In a letter to investors released on Thursday, Netflix said Hastings will not stand for re-election at its annual meeting in June and plans to focus on philanthropy and other pursuits.The company's stock plunged about 8 percent on the news of Hastings's departure. The co-founder is credited with helping to revolutionize how movies and television shows are delivered in homes, upending Hollywood's business model.“Netflix is growing revenues double-digits, expanding margins in 2026 and gushing free cash flow,” said LightShed Partners media analyst Richard Greenfield. “While the Q1 was uneventful financially, the departure of Reed Hastings has spooked investors.”Netflix reaffirmed in a 14-page shareholder letter that its mission remains “ambitious and unchanged” – to entertain the world, providing movies and series for many tastes, cultures and languages. The company’s full-year outlook remained unchanged.The company did not say how it plans to spend the $2.8 billion termination fee it received after losing the Warner Bros movie studio and HBO, and lifted its earnings per share to $1.23 in the first quarter compared with 66 cents per share in the same quarter last year.Revenue rose to $12.25 billion, an increase of 16 percent from the year-ago period, modestly exceeding analyst forecasts of $12.18 billion.Netflix, which long told investors that a Warner Bros acquisition was a “nice to have, not need to have” proposition, highlighted areas of future growth.The company said its investment in expanding its entertainment offerings, with video podcasts and live entertainment – such as the World Baseball Classic in Japan – is driving engagement.It plans to use technology to improve the user experience and improve monetization, as advertising revenue remains on track to reach $3 billion in 2026 – a twofold increase from a year ago.

South African opposition politician Julius Malema has been sentenced to 5 years in prison for firing a rifle in the air at a party rally. Malema, the leader of the far-left opposition Economic Freedom Fighters (EFF), was handed the sentence by Magistrate Twanet Olivier on Thursday.Malema was convicted last year of charges, including unlawful possession of a firearm and discharging a weapon in a public place over the 2018 incident at a stadium in the Eastern Cape province.The 45-year-old leader of the fourth-biggest party in parliament had pleaded not guilty, arguing the gun was a toy. His defence said the shots were only intended to be celebratory.“It wasn’t … an impulsive act,” the magistrate said. “It was the event of the evening.”The court sentenced Malema to 5 years for unlawful possession of a firearm and 2 years for unlawful possession of ammunition. It gave him fines for three other offences, including discharging a firearm in a built-up area, with prison time if he doesn’t pay. The sentences will run at the same time.Within minutes of the magistrate’s decision being read out in the court in KuGompo City, Malema’s lawyers applied for leave to appeal – a request that was later granted.Meanwhile, outside the court, hundreds of Malema’s red-clad EFF supporters gathered for the sentencing in the politically charged case.The EFF – a small but vocal party – says the case is an attempt to silence its outspoken leader, who is known for fiery speeches. Party supporters have threatened protests should their leader be jailed.The magistrate stressed it “is not a political party who has been convicted here … it is a person, an individual.”The maximum possible sentence was 15 years in prison. If confirmed after all appeals, Thursday’s 5-year sentence would bar Malema from serving as a lawmaker.That would be a major setback to the EFF, which has strong support among young South Africans frustrated by the racial inequality that has persisted since the end of white minority rule in 1994.

A devastating fire has engulfed the largest of Australia's two oil refineries, operated by Viva Energy in Geelong, Victoria. The blaze, which began on Wednesday night, had been brought under control by Thursday noon. The refinery, which processes 120,000 barrels of oil per day, accounts for approximately 10% of Australia's fuel production.The fire was triggered by a gas leak that ignited, sending flames as high as 60m (200 feet) into the air. Fortunately, firefighters managed to contain the blaze without it spreading to other parts of the plant, which produces high-octane petrol, jet fuel, and diesel.The incident comes at a critical time for Australia, which relies on imports for 80% of its fuel needs. The country is racing to replace supply disrupted by the Middle East conflict, which has driven up energy prices worldwide. Fuel security is a growing concern in the Asia Pacific region, with Australia lacking major stockpiles.In response to the crisis, Prime Minister Anthony Albanese announced that Australia had secured an additional supply of 100 million litres of diesel from Brunei and South Korea. The government has urged Australians to avoid panic-buying fuel and to conserve petrol where possible.Australia's fuel reserves stand at approximately 38 days' worth of petrol, falling short of the 90-day minimum recommended by the International Energy Agency. The country is heavily reliant on oil shipped through the Strait of Hormuz, which has seen shipping traffic cease since the US and Israel launched their war against Iran.

President Donald Trump used his Truth Social platform on Wednesday to declare that the leaders of Israel and Lebanon will hold a conversation on Thursday, a breakthrough that would end a 34‑year hiatus in direct leader‑level dialogue. The announcement arrived a day after Israeli and Lebanese ambassadors conducted their first direct diplomatic talks in Washington, D.C. — a move aimed at easing the ongoing hostilities that have devastated Lebanon. Trump did not specify which officials would be involved, and both governments have yet to comment on the forthcoming discussion. Lebanon was drawn into the U.S.–Israel war on Iran on March 2 after Hezbollah, aligned with Tehran, fired rockets at Israel. Hezbollah claims the attacks were retaliation for Israel’s killing of Iran’s Supreme Leader Ayatollah Ali Khamenei on February 28 and for repeated violations of a November 2024 cease‑fire. Since the escalation, Israeli forces have killed more than 2,000 Lebanese civilians and displaced roughly 1.2 million people. The Israeli military has also launched a ground invasion in southern Lebanon, seeking to create a so‑called “buffer zone.” Earlier on Wednesday, Prime Minister Benjamin Netanyahu announced an expansion of the invasion eastward, stating that Israel is pursuing negotiations with the Lebanese government while simultaneously conducting a military campaign to disarm Hezbollah and achieve a “sustainable peace.” The Lebanese government, which is not a party to the conflict, has called for an immediate ceasefire and the withdrawal of Israeli troops. Al Jazeera reporter Zeina Khodr, reporting from Beirut, noted that the Lebanese authorities have not yet responded to Trump’s claim and described the president’s remarks as “controversial.” She suggested the United States is attempting to separate the Lebanon front from the broader Iran‑Israel confrontation, using the Washington talks as a “photo‑opportunity” to weaken Hezbollah’s influence. Despite diplomatic overtures, Israeli attacks on Lebanese civilians continue. On Wednesday, three consecutive strikes in the village of Mayfadoun killed four Lebanese paramedics and wounded six others. According to Lebanon’s Ministry of Public Health, Israeli forces have killed at least 91 Lebanese medical workers since March 2 and have targeted several medical facilities. Additional strikes have hit the vicinity of one of the last operational hospitals in southern Lebanon, in the town of Tebnine, prompting concerns that Israel aims to render the area uninhabitable. Fighting also persists around the strategic hilltop town of Bint Jbeil, where Israeli troops claim to have encircled the town while Hezbollah fighters continue to resist. Analysts warn that a full Israeli occupation of Lebanon would be required to completely disarm Hezbollah—a scenario that would be both costly and politically fraught. As Khodr concluded, “Israel can continue to kill and destroy, but that will not change the fact that Hezbollah is not going to give up its arms without a Lebanese government partnership.” The upcoming leader‑level talks will be closely watched for any indication of a ceasefire or a shift in the regional power balance.

On Thursday, Israeli security forces conducting an operation in Nablus, a major city in the occupied West Bank, fired stun grenades at journalists covering the events. The incident was reported by multiple media outlets present on the ground. According to eyewitness accounts, reporters from local and international news agencies were positioned near the site when the grenades were deployed, causing a sudden flash and loud explosion. No serious injuries were confirmed, but the sudden blast forced the journalists to seek immediate cover and temporarily halted their reporting. Press‑freedom organizations quickly condemned the action, stating that the use of crowd‑control munitions against media personnel undermines the ability to document and verify developments in the region. The incident adds to a growing list of reported confrontations between Israeli forces and members of the press in the occupied territories. Israeli authorities have not yet released an official statement explaining the rationale behind the deployment of the stun grenades. Analysts suggest that heightened security measures during operations often lead to heightened tensions, but emphasize that protecting journalists is essential for transparent reporting in conflict zones. The episode underscores the precarious environment for journalists working in the West Bank, where the line between security operations and press freedom continues to be contested.

Russian forces launched a rocket strike on Ukraine’s capital, Kyiv, resulting in the death of a 12‑year‑old child and leaving at least ten people injured, among them several doctors, as reported by Mayor Vitaliy Klitschko.The fatality occurred early Thursday in the Podilskyi district, where rocket fragments struck a 16‑storey residential building, triggering a blaze that engulfed the structure. Klitschko shared the details in a Telegram post.Rescue crews also managed to extract another child and her mother from the rubble in the same district, highlighting the ongoing humanitarian toll.Simultaneously, the attack hit Kyiv’s Obolonsky district, where falling debris sparked a large fire at a non‑residential building and set several cars alight, further compounding the damage.The mayor indicated that additional information will be provided as the situation develops.

U.S. Defense Secretary Pete Hegseth told reporters on Thursday that Iran’s energy infrastructure is "not destroyed yet," but the United States is "locked and loaded" to finish the job. Speaking from the Pentagon podium, Hegseth framed the press corps as the modern equivalent of the Pharisees who plotted against Jesus, suggesting that media criticism was driven by hostility rather than facts.The remarks coincided with the launch of a naval blockade of Iranian ports that began earlier this week. Hegseth urged Tehran to accept a nuclear agreement, warning that refusal would bring further attacks on the country’s remaining power‑generation and energy facilities."We are reloading with more power than ever before, and with better intelligence," Hegseth said, emphasizing the United States’ enhanced surveillance capabilities.He added that Iran’s missile launchers are dwindling and cannot be replenished: "You are digging out your remaining launchers and missiles with no ability to replace them. You can dig out for now. Can’t reconstitute, but we can."Offering a stark choice, Hegseth said, "We prefer to do it the nice way, through a deal led by our great vice‑president and negotiating team, or we can do it the hard way." He also pledged that the War Department would ensure Iran never acquires a nuclear weapon.Gen. Dan Caine, chair of the Joint Chiefs of Staff, confirmed that the blockade applies to all ships, regardless of nationality, and has been in effect for more than 24 hours. Over 10,000 sailors, marines and aircrew are enforcing the restriction. Since its inception, the U.S. Navy has transmitted a "do not attempt to breach the blockade" warning to vessels 13 times, with none of the ships boarded.During his address, Hegseth invoked a biblical sermon, likening the press to the Pharisees who, according to the Gospel of Mark, plotted to destroy Jesus after witnessing his miracles. He claimed the media’s “hardened hearts” were calibrated only to “impugn.”Hegseth also criticized the press for what he called a distorted portrayal of the 2021 Afghanistan withdrawal, citing the phrase "the greatest airlift in American history"—a line originally used by President Joe Biden and later echoed by right‑wing commentators and politicians.Concluding his remarks, Hegseth admitted, "Sometimes it’s hard to figure out what side some of you are actually on," underscoring the tension between the Pentagon and the media.

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.

Prime Minister Keir Starmer convened senior leaders from Meta, TikTok, Google and X at No 10 on Thursday to discuss the escalating child‑safety crisis on social platforms. He told the executives that "things can’t go on like this" and that immediate reforms are essential to protect minors. The meeting comes as the UK government launches a formal consultation on imposing a firm age limit for social‑media users, echoing Australia’s recent ban for under‑16s. The proposal also examines curbing design features such as infinite scrolling that encourage prolonged use. Starmer emphasized that restricting access for younger users is preferable to allowing ongoing harm, stating that a future where children are shielded—even at the cost of reduced participation—is the goal. He added that the challenge lies not in the decision to act, but in determining the most effective implementation strategy. While the prime minister has previously cautioned that a blanket ban could push teenagers toward the dark web, pressure from within his own party has intensified. More than 60 Labour backbenchers recently signed a letter urging a ban, and many expect Starmer to endorse the measure once the consultation concludes this summer. Parliament’s recent actions illustrate the split view: MPs rejected a House of Lords amendment that would have introduced an automatic age gate, preferring to await the government’s response to the consultation. A separate Conservative‑led amendment proposing a twelve‑month trial of platform bans was also defeated in the Commons. Early education minister Olivia Bailey defended the consultation approach, arguing it allows a broader assessment of services and features than the narrow amendment proposed in the Lords. The government is also pressing Ofcom, the communications regulator tasked with enforcing the Online Safety Act, to act decisively. Last year, technology secretary Liz Kendall warned that Ofcom risked losing public trust if it failed to curb online harms. This month she appointed former Channel 4 chair Ian Cheshire as the new Ofcom chair to steer the regulator through this critical period. Google declined to comment on the No 10 meeting, while Meta, TikTok and X have been approached for responses.