Netflix laid off about 1,000 people, roughly 6% of its workforce, and fired its chief content officer after reporting slower quarterly revenue growth and U.S. engagement, NPR reports. The shake-up comes as the streaming giant works to overhaul its programming unit.
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The UK Treasury and Canada's Department of Finance said they will develop two distinct but complementary defence-financing institutions rather than merge them: the Multilateral Defence Mechanism and the Defence, Security and Resilience Bank. The two governments said the institutions will work in close partnership on industrial priorities, investment and strategic financing to strengthen allied defence capabilities.
Britain's Chancellor unveiled a major AI package ahead of next week's Budget, aimed at spreading AI opportunities to every region, scaling up home-grown AI firms and guarding against hostile threats. The Treasury says it includes hundreds of millions in investment in infrastructure and AI security.
Audi CEO Gernot Döllner defended plans for a $4 billion SUV plant in Georgia, the brand's first U.S. factory, calling it a business decision to grow sales and cut exposure to U.S. tariffs. President Trump announced the plant at a Georgia rally on Saturday. It comes as parent Volkswagen plans to cut 50,000 jobs and close four German plants, including an Audi site, between 2031 and 2034.
An apparent explosion sparked a fire Saturday at the Quaker Oats plant in Cedar Rapids, Iowa, billed as the world's largest oat mill, sending thick black smoke over downtown. Officials said no one was hurt and all workers were accounted for.
