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Netflix moves to combat account sharing
... her, so she gets the benefit and the value of the service, but we also get the revenue associated with that viewing. Netflix has been working on the issue for two years and conducting tests. In March, Netflix charged users in Chile, Costa Rica and Peru an additional fee to share their accounts with up to two people. The new charge for password sharing will be introduced within a year, according to the company on Tuesday.
Updated: 04/20/2022
Netflix blames competition, economy, Ukraine for fall
... investors that the revenue growth headwinds are due to the high household penetration, coupled with the large number of households sharing accounts. The company has announced a crackdown on people sharing their Netflix accounts with other households in Peru, Costa Rica and Chile. It is expected to expand the scheme. Our plan is to reaccelerate our viewing and revenue growth by continuing to improve all aspects of Netflix , including the quality of our programming and recommendations, which is what ...
Updated: 04/19/2022
Inequality increases life satisfaction in rich countries
... still lower than in 1990, despite the country's prolonged economic boom. The US and Australia both saw pronounced falls in life satisfaction, but those countries with less inequality were generally happier before the Russian invasion, such as Poland, Peru, Mexico and Ukraine. The lesson for policymakers is that inequality matters, says Bartram . In some of the previous research you see people saying inequality isn't that big a deal, so all efforts to address inequality are misguided because inequality ...
Updated: 04/17/2022
International bodies urge action to tackle food insecurity
... that caused shortages and a surge in inflation. The recovery has been further hampered by the new lockdowns in China. Ukraine is a major source of grain, while Russia is a major producer of energy and fertiliser needed for agriculture. Protestors in Peru have taken to the streets to demand government action, as did people in Sri Lanka, where the government announced on Tuesday it was defaulting on its US $51 billion in foreign debt. The World Bank warns that 10 million people are thrown into extreme ...
Updated: 04/13/2022
International bodies urge action to tackle food insecurity
... that caused shortages and a surge in inflation. The recovery has been further hampered by the new lockdowns in China. Ukraine is a major producer of grain, while Russia is a major producer of energy and fertilizer needed for agriculture. Protestors in Peru have taken to the streets to demand government action, as did people in Sri Lanka, where the government announced on Tuesday that it was defaulting on $51 billion in foreign debt. Poverty rose sharply during the pandemic, and the World Bank warns ...
Updated: 04/13/2022
Criptocurrency payment service launched in Mexico
... will allow Mexican customers to use cryptocurrencies in their debit cards to purchase goods and services within the Rappi app. The company did not explain why it decided to launch the payment option in Mexico despite operating in Colombia, Costa Rica, Peru, Ecuador, Chile, Argentina, Uruguay, and Brazil. The firm did not reveal which cryptocurrencies it would support. Sebastian Mejia , Rappi 's President, commented on this initiative, saying: In Mexico, Rappi launched Pay with Rappi last year, offering ...
Updated: 04/12/2022
Central banks in Latin America face more monetary medicine as inflation soars
... hikes and causing discontent over rising food and fuel prices. Brazil's monthly inflation has surged beyond forecasts to the highest in 28 years. Chile went one better with the biggest jump since 1993, Mexico posted a 21 year high annual figure and Peru the highest in a quarter of a century. That will push central banks to hike rates faster than planned, a reflection of how tough it has become to bring down inflation, with soaring commodities costs and the war in Ukraine heating up prices globally,...
Updated: 04/08/2022
Chile inflation hits 1.9% in March
... may prompt more tightening ahead. Governments around Latin America are trying to combat inflation, which has been pushed higher by supply bottlenecks linked to the war in Ukraine. Brazil posted its highest monthly inflation in 28 years on Friday. In Peru, facing its fastest inflation in a quarter of a century, rising prices have resulted in angry protests that have rattled the government of leftist Pedro Castillo . Chilean president Gabriel Boric announced on Thursday a $3.7 billion economic recovery ...
Updated: 04/08/2022
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