U.S. President Donald Trump has said that he would have a say whether a proposed $82.7bn merger between Netflix and Warner Brothers should proceed. “I’ll be involved in that decision,” Trump told reporters. Trump did not say whether he favored the deal’s approval, but indicated a potential concentration of market power in the entertainment industry….

The Indian government has reversed a policy mandating the installation of a state-run cyber security app on citizens’ mobile devices. Prime Minister Narendra Modi’s government had privately told companies including Apple, Samsung, and Xiaomi that their products would have to carry an app called Sanchar Saathi, which would be able to access call logs and…

Starbucks has agreed to pay approximately $35m to over 15,000 New York City workers as part of a settlement addressing claims of unstable schedules and arbitrary hour reductions. The company will also incur $3.4m in civil penalties under the agreement with the city’s Department of Consumer and Worker Protection. The settlement ensures compliance with the…

The Federal Reserve is closely monitoring the commercial real estate loan portfolios of community and regional banks due to concerns over “elevated interest rates, tighter underwriting standards, and lower commercial property values.” These adverse factors could impact borrowers’ abilities to refinance or repay their loans, as noted in a recent supervision and regulation report. In…

Bank of International Settlements General Manager Pablo Hernández de Cos has urged tighter controls on hedge fund leverage in government bond markets, citing rising debt and growing risks from non-bank financial institutions. Speaking at the London School of Economics, he warned that strategies like cash-futures basis trades and zero-haircut repos expose markets to instability. De…

The bird flu virus that has been spreading among wild birds, poultry and mammals could lead to a pandemic worse than Covid-19 if it mutates to transmit between humans, the head of France’s Institut Pasteur respiratory infections center has said. “What we fear is the virus adapting to mammals, and particularly to humans, becoming capable…