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Today β€” July 17th 2018Your RSS feeds

Octavian Rau to head Moldovan regulator

By Chris Dziadul

Octavian Rau has been appointed the new director of the Moldovan regulator ANRCETI.

According to ANRCETI, he was presented to its employees by Chiril Gaburici, the country’s minister of economy and infrastructure.

Gaburici wished Rau great success and insisted on constructive collaboration between the ministry and ANRCETI because the IT sector is becoming increasingly attractive to investors and is up 9% from last year.

Furthermore, as a share of GDP it has reached 6.6% and is growing.

Octavian Rau to head Moldovan regulator

By Chris Dziadul

Octavian Rau has been appointed the new director of the Moldovan regulator ANRCETI.

According to ANRCETI, he was presented to its employees by Chiril Gaburici, the country’s minister of economy and infrastructure.

Gaburici wished Rau great success and insisted on constructive collaboration between the ministry and ANRCETI because the IT sector is becoming increasingly attractive to investors and is up 9% from last year.

Furthermore, as a share of GDP it has reached 6.6% and is growing.

Octavian Rau to head Moldovan regulator

By Chris Dziadul

Octavian Rau has been appointed the new director of the Moldovan regulator ANRCETI.

According to ANRCETI, he was presented to its employees by Chiril Gaburici, the country’s minister of economy and infrastructure.

Gaburici wished Rau great success and insisted on constructive collaboration between the ministry and ANRCETI because the IT sector is becoming increasingly attractive to investors and is up 9% from last year.

Furthermore, as a share of GDP it has reached 6.6% and is growing.

Croatia’s renovation projects can teach us as much as their football

By Adrian Joyce

What do Croatia’s football team and its energy efficiency programmes have in common? Experience, skill, tenacity and an inspiring amount of success, writes Adrian Joyce.

Netflix disappoints investors with slower growth

By Robert Briel

Netflix added 5.2 million users worldwide in the second quarter, or over 1 million fewer than the streaming service had expected.

Investors punished Netflix hard and the company’s valuation went down sharply on Wall Street. With a drop of more than 14%, the video giant lost some $24.2 billion in market capitalisation.

Netflix writes in a letter to shareholders that it has overestimated growth. For this quarter, the group has revised its growth forecasts downwards to 5 million new users.

Turnover was $3.9 billion, profits rose to $384 million, compared with $66 million a year ago. Netflix had some 130 million paying users worldwide at the end of the quarter.

Netflix said it will be investing more in its own non-English-language productions in the near future. This is necessary because the company observes that HBO and Disney (as well as Amazon and Apple) are catching up. This year, the company investing about $7.5 to $8 billion in content.

“In addition to succeeding commercially, we are starting to lead artistically in some categories, with our creators earning enough Emmy nominations this year to collectively break? HBO’s amazing 17-year run?,” wrote Reed Hastings in his letter to investors.

The company expects growth to level off in the coming years, partly due to the emergence of large competitors in countries such as Germany and France.

Hastings: “We anticipate more competition from the combined AT&T/Warner Media, from the combined Fox/Disney or Fox/Comcast as well as from international players like Germany’s ProSieben and Salto in France. Our strategy is to simply keep improving, as we’ve been doing every year in the past.”

Netflix disappoints investors with slower growth

By Robert Briel

Netflix added 5.2 million users worldwide in the second quarter, or over 1 million fewer than the streaming service had expected.

Investors punished Netflix hard and the company’s valuation went down sharply on Wall Street. With a drop of more than 14%, the video giant lost some $24.2 billion in market capitalisation.

Netflix writes in a letter to shareholders that it has overestimated growth. For this quarter, the group has revised its growth forecasts downwards to 5 million new users.

Turnover was $3.9 billion, profits rose to $384 million, compared with $66 million a year ago. Netflix had some 130 million paying users worldwide at the end of the quarter.

Netflix said it will be investing more in its own non-English-language productions in the near future. This is necessary because the company observes that HBO and Disney (as well as Amazon and Apple) are catching up. This year, the company investing about $7.5 to $8 billion in content.

“In addition to succeeding commercially, we are starting to lead artistically in some categories, with our creators earning enough Emmy nominations this year to collectively break? HBO’s amazing 17-year run?,” wrote Reed Hastings in his letter to investors.

The company expects growth to level off in the coming years, partly due to the emergence of large competitors in countries such as Germany and France.

Hastings: “We anticipate more competition from the combined AT&T/Warner Media, from the combined Fox/Disney or Fox/Comcast as well as from international players like Germany’s ProSieben and Salto in France. Our strategy is to simply keep improving, as we’ve been doing every year in the past.”

Commission says Airbnb breaches EU consumer rules, must fall into line

By Georgi Gotev

The European Union told Airbnb yesterday (16 July) to bring its terms and conditions into line with the bloc's consumer rules or face action by national consumer agencies, after a review of the short-term rental platform found some violations.

Harvard-linked research chief apologizes after asking mom with biracial toddler if she lives in 'affordable housing'

By Lukas Mikelionis

A Harvard University-affiliated research center employee dubbed “Sidewalk Sussie” apologized on Monday after being caught on camera asking a neighbor and the woman’s biracial daughter to get away from her home and asked if they lived in “affordable housing.”

Trump’s submission to Putin stuns EU allies

By Georgi Gotev

The political class in the US, as well as many of Washington's European allies were astonished to watch Donald Trump playing into Vladimir Putin’s hands at the Helsinki summit on Monday (16 July).

Horizon Europe – A global health prescription for the EU

By Cecile Vernant

EU research and innovation ministers need to increase funding for Horizon Europe and show they are serious about combating poverty-related diseases, says Cécile Vernant.

Rand Paul sides with Trump on Russia, says critics 'motivated' by dislike of president

By Lukas Mikelionis

Kentucky Sen. Rand Paul on Monday expressed his approval of President Donald Trump’s handling of Russia, joining a tiny minority of dovish Republicans embracing the president’s approach after a controversial press conference with Russian President Vladimir Putin.

Rand Paul sides with Trump on Russia, says critics 'motivated' by dislike of president

By Lukas Mikelionis

Kentucky Sen. Rand Paul on Monday expressed his approval of President Donald Trump’s handling of Russia, joining a tiny minority of dovish Republicans embracing the president’s approach after a controversial press conference with Russian President Vladimir Putin.

Charlotte Reluctantly Says It’s Willing to Host Republican National Convention

By ALAN BLINDER

North Carolina’s largest city has not been eager to embrace a bid for the Republican National Convention in 2020. The main reason? President Trump.

What's next for Putin's Russia after World Cup?

By Amy Kellogg

The World Cup soccer championship held here in Russia has been celebrated as a huge success, and President Vladimir Putin said he hoped the hospitality and openness on display here will have dispelled some of the "myths and prejudices" about the country.

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