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Channel 4 warns staff of job cuts amid shift from TV to streaming

Business | Business News Channel 4 is planning a round of job cuts as the broadcaster sharpens its focus on streaming services amid a downturn in TV advertising. The company has told staff to prepare for jobs to be impacted as it looks to tighten budgets this year. In a memo sent to staff this morning, chief executive Alex Mahon said the business needs to get into the “right shape and the right size for the digital world” for the next decade. Like every organisation, we are having to deal with an extremely uncertain economy in the short term and the need to accelerate our transformation to become a genuinely digital public service…

Libya NOC Declares Force Majeure on Largest Oil Field

Libya’s National Oil Corporation has declared a force majeure on the country’s largest oil field, Sharara amid protests from local communities. The force majeure entered into effect on Sunday, the NOC said on X , adding that it was negotiating with the protesters in a bid to resume the oil flow to the Zawya export terminal. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf", slotId: "oilprice_medrec_atf" });';document.write(write_html);} Protests at the Sharara field began last week, with protesters demanding greater government involvement in the southern region of Fezzan,…

Russia Evacuates Hundreds From Border City Amid Ukrainian Strikes

INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Jan 08, 6:12 AM EST World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States World…

Top Business Ideas For Women 2024: Entrepreneurial Opportunities To Excel

INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Jan 08, 6:03 AM EST World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States U.S. Top…

Companies losing pricing power after years of unbridled spending

A FedEx worker delivers packages in New York, May 9, 2022. Andrew Kelly | Reuters After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week said customers have shied away from speedier, pricier shipping options. Airlines including Southwest discounted off-peak fares in the fall. The likes of Target and Cheerios maker General Mills have cut their sales outlooks as more consumers watch their budgets. It’s a shift from the recent years when consumers spent at a breakneck pace — and at high prices —…