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The pound has fallen to a record low against the dollar as markets react to the UK's biggest tax cuts in 50 years.
Sterling fell close to $1.03 early on Monday before regaining some ground to stand at $1.08.
Chancellor Kwasi Kwarteng has promised more tax cuts on top of a £45bn package he announced on Friday amid expectations borrowing will surge.
The cost of UK government borrowing climbed and markets speculated about an emergency interest rate rise
New York: With the launch of cheaper, ad-supported subscriptions, Netflix and Disney+ are expected to bite into the revenue of traditional television channels as the streaming services look toward continued expansion.
After having long-shunned the notion of advertising on its platform, Netflix this year accelerated work on just such an offering as inflation prompts consumers to spend less and competition in the streaming television market intensifies.
Netflix is expected to launch an ad-supported subscription tier in early November, about a month before rival Disney+ does the same, according to US media reports.
"These launches are going to create the biggest premium advertising space in more than a generation," said analytics company Samba TV senior vice president Dallas Lawrence.
"It´s going to be a major moment for advertisers."
The windfall for Netflix and Disney+ could be considerable. Market tracker Statista forecasts that spending on television ads globally will hit $159 billion this year.
Insider Intelligence analyst Ross Benes estimates that advertising revenues from streaming could reach $30 billion in two years in the United States alone.
Global video sharing and online television platform YouTube saw $28.8 billion in ad revenue in 2021.
"Not long ago, everyone said subscriptions would kill ads," said Kevin Krim, head of marketing analytics firm EDO.
"Now, we can see that is obviously not true."
Some streaming television services such as NBCUniversal´s Peacock, Paramount+ and HBO Max already feature ad-supported offerings.
But Netflix and Disney+ -- with 220 million and 152 million subscribers respectively -- throwing their hats in the advertising ring could catch the attention of businesses interested in reaching television audiences, analysts said.
Netflix is looking to win over at least 40 million subscribers to its ad-subsidized tier by next year´s third quarter, according to an internal document cited by the Wall Street Journal.
When the time comes, Disney+ will transition its existing $7.99-per-month subscription tier to the ad-supported version, and the ad-free option will go for $10.99, the company has said. (AFP)
The government of Pakistan's Sindh province is hopeful that the flood water will be drained by the end of October, after which the wheat crop can be cultivated.
Mirzapur season 3 is expected to premiere in October 2022
The audios of alleged conversation between the Prime Minister of Pakistan Shehbaz Sharif and the federal ministers belonging to his party Muslim League-N are now circulating on social media after the dark web.
This is not the first case of videos and audios of political or government figures being leaked in Pakistan, but the recent incident is unique in its nature because before this, alleged audios or videos of any prime minister or important figures of Pakistan were leaked on the dark web. They were auctioned for sale.
These audios are being said to be of conversations held at the Prime Minister's House, but the government seems to be waiting for the results of the investigation before confirming the matter.
This claim was made by an account called (Open Source Intelligence Insider) on Twitter , who said that these audios, which have gone viral on social media, are part of the over 100 hours of long-term recorded data, which is the basic price for the purchase. Three hundred and forty five thousand dollars has been fixed
An open source intelligence insider claims that this is not a phone conversation but a recorded conversation in the PM's office.
The government has launched a formal investigation into the matter, but no official information has been provided about what
Inquiry has started'
Federal Interior Minister Rana Sanaullah says that the inquiry into this matter has started and if any device (device) was fitted in the Prime Minister's House for the purpose of espionage, then it would be a 'sensitive matter'.
While speaking in Geo News' program 'Naya Pakistan', Rana Sanaullah said that 'any device in the PM House will be known only in the inquiry, nothing should be taken seriously until the result.'
"We want the inquiry to be conducted by a team that includes top-level people from all
However, the interior minister also said that 'it cannot be concluded from these audios that the security of the Prime Minister's House has been breached, it is not certain whether the conversation took place in the Prime Minister's House or may have taken place elsewhere. '
More important than any building in this case, however, are the figures whose alleged conversations have been secretly recorded and put up for sale on the dark web.
Cyber security expert Shahzad Ahmed says, 'This issue does not seem to be about money and is not limited to a particular party, party or any institution. This is a matter of embarrassing Pakistan as a state, for which every Pakistani including every political party and sensitive institutions should be concerned.
Qureshi says Shehbaz similarly addressed several issues as Imran.
"It was a copy-paste of Imran Khan's address," PTI leader says.
What has Shehbaz done so far for battling climate change? asks PTI
WASHINGTON:
The US is providing an additional $327 million in humanitarian aid for Afghanistan, Secretary of State Antony Blinken
Federal government has decided that Ishaq Dar will assume charge as Finance Minister in next week
The firing incidents that took place in Karachi claimed the life of a man and caused injuries to two others, including a traffic constable
India won by 6 wickets against Australia in 3rd T20I and won the series by 2-1
What a finish by Pakistan in a thrilling match to level the series.🇵🇰
Next three matches will played in Lahore from 28 September
According to the Public Relations Department of the Pakistan Army, six military personnel, including two pilots, were killed in a military helicopter accident in Balochistan province on Sunday night.
According to the statement issued by ISPR, the incident took place in Khost area near Harnai in Balochistan province of Pakistan.
The statement said that the helicopter was on a mission when the accident occurred, resulting in the death of all six military personnel on board.
Pakistan Prime Minister Shehbaz Sharif has nominated Ishaq Dar as the new federal finance minister. According to a statement issued by the ruling PML-N, Miftah Ismail submitted his resignation to Pml-N leader Muhammad Nawaz Sharif at an important party meeting in London.
A man from Yellowknife is gaining international recognition for a photo capturing a stunning display of dancing green aurora lights over the Cameron River.
Fred Bailey was the only Canadian among the finalists in the Royal Observatory Greenwich's 2022 Astronomy Photographer of the Year competition. His time-lapse photo taken outside the Northwest Territories capital landed him the runner-up spot in the Aurorae category.
"I was of course thrilled, but also humbled at the news given the quality of the entries this year," he said. "Once the overall standings were made fully public, it sunk in really quickly that this was a significant achievement and shows that I am heading in the right direction with my photography."
The annual competition is the largest of its kind and showcases space and sky photography from astrophotographers around the world.
More than 100 winning and shortlisted images from this year's entries are currently on display at the National Maritime Museum in London, featuring planets, galaxies, skyscapes and other celestial bodies.
Gerald Rhemann from Austria was named the overall winner for his photo of Comet C/2021 A1, commonly known as Comet Leonard.
The top spot in the Aurorae category went to Filip Hrebenda for his photo titled "In the Embrace of a Green Lady," showing the lights reflected in a frozen lake above Eystrahorn mountain in Hvalnes, Iceland.
Bailey's photo, titled "Misty Green River," was taken last September using a 15-second exposure. He said the photo was taken looking up the river toward the riffle as mist rose off the water.
Bailey, who has lived in Yellowknife for 18 years, said he first photographed the aurora when he and his wife, Karen, lived in Yukon in the early 1980s.
He said he likes to enter competitions to get feedback on his photography.
"As for future goals, I have always said it would be a good retirement job," he said, noting he and his wife have dabbled with making sellable products such as calendars and producing prints for friends and family.
Another photo Bailey took of the aurora over the Cameron River, which he submitted to the National Wildlife Federation's photo contest in 2020, was selected for use in a holiday card collection.
He said three of his aurora photos received a bronze award from the Epson International Pano Awards in 2021.
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