FT News Briefing Signs of a UK inflation cool-down
Jul 20, 2023
Netflix's crackdown on password sharing has surged its subscriptions by nearly 6 million. Meanwhile, UK inflation has unexpectedly dropped to a 15-month low of 7.9%, boosting market optimism. Ukraine’s armed forces face tough challenges with Russian mines, raising concerns about their progress. In Spain, political tensions build ahead of a snap election, potentially reshaping the country's leadership. Tune in for insights on these critical developments shaping the economic and geopolitical landscape.
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Netflix's Password Crackdown
- Netflix's password-sharing crackdown led to a significant increase in subscribers, exceeding analyst predictions.
- Despite higher subscriber numbers, their revenue fell short of forecasts, causing share prices to drop.
UK Inflation Cools Down
- UK inflation fell to a 15-month low of 7.9% in June, exceeding market expectations.
- Investors are optimistic, but analysts urge caution, emphasizing it's too early to definitively call this a turning point.
Spanish Election Insights
- Spain's Prime Minister, Pedro Sanchez, faces potential defeat in Sunday's snap election due to a coalition with the controversial Bildu Party.
- The center-right People's Party, led by Alberto Núñez Feijóo, is expected to win with a pro-business and socially moderate agenda.