Some of Wednesday’s top business news stories:
The Associated Press
UK inflation eases for a 2nd month, falling to 10.5%, by Danica Kirka
US-China officials meet on economy, aim to ease tension, by Fatima Hussein
CNN
Ousted Disney CEO Bob Chapek will get $20 million exit pay, by Jordan Valinsky
Netflix plans its biggest-ever slate of Korean content, by Michelle Toh
The Wall Street Journal
United Airlines’ Profit Lifted by Strong Demand for Air Travel, by Alison Sider
Microsoft Plans to Announce Layoffs as Early as Wednesday Morning, by Tom Dotan
CNBC
Disney rips Peltz over board fight, defends Iger’s acquisitions, by Lillian Rizzo
Gen Z is driving luxury sales as wealthy shoppers get younger, by Robert Frank
Reuters
Netflix set for slowest revenue growth as ad plan struggles to gain traction, by Eva Mathews
Over 500 advertisers have paused spending on Twitter- The Information
News about business journalism:
Semafor hires McDonnell as energy and climate editor
The Wrap hires TV editor and film editor
Thevenot becomes AME for biz at the Las Vegas Review-Journal
What’s forced CoinDesk to cover its parent company
Gailey joins Bankrate as a senior data reporter
Shahid joins Reuters as a Pakistan correspondent
Reuters to expand coverage in India and China through deal
Financial Times appoints Eley as acting longform editor
Reach regional brands in UK focus on newsletter approach
Reuters promotes Shumaker and Wallis to day editors for the Americas
