China’s COVID lowers the exact broader business cost of Yum and electric vehicle maker Nio

SHANGHAI, Nov 2 (Reuters) – Chinese electric vehicle maker NIO has suspended production at its factories in the eastern city of Hefei as rising COVID-19 cases and China’s heavy-handed response to outbreaks weigh on increasingly burdensome on manufacturing and the economy. The impact was also felt in the central city of Zhengzhou, where the industrial … Read more

Netflix targets global TV advertising market as next business to disrupt

Streaming giant bets on new ad-supported service 30% cheaper The global TV advertising market is estimated at $153 billion “Grand initiative” in an inflationary environment – consultant Ad-supported service to launch in US and 11 other markets in November Oct 19 (Reuters) – Netflix Inc (NFLX.O) shook up the global entertainment industry a dozen years … Read more