Disney has experienced a significant financial setback, reportedly losing approximately $3.87 billion in market value overnight.
This decline follows the company's decision to suspend late-night host Jimmy Kimmel's show, "Jimmy Kimmel Live!", which has sparked widespread public backlash and calls for boycotts. The suspension is believed to have been influenced by pressure from the Trump administration and conservative media outlets.
The market reaction was swift, with Disney's stock price dropping by more than 2%, translating to a nearly $4 billion decrease in the company's market capitalisation. This substantial loss underscores the significant impact that public relations decisions can have on a company's financial standing.
In response to the growing controversy, former Disney CEO Michael Eisner publicly criticised the company's leadership for yielding to political pressures, particularly in suspending Kimmel's show. Eisner emphasised the importance of free speech and questioned the current direction of Disney's corporate governance.
Mexico has expressed regret over Peru’s decision to sever diplomatic relations after the Mexican government granted asylum to former Peruvian Prime ...
Brussels Airport is closed after the reported sighting of a drone, said the Belgian air traffic control service and a spokeswoman for the airport....
The U.S. is collaborating with other nations to help end the conflict in Sudan, the White House stated on Tuesday, following reports of mass killings ...
Russian President Vladimir Putin on Tuesday presented state awards to scientists and engineers behind the country’s newest strategic weapons systems...
The nation’s largest city is choosing its next mayor in a race widely viewed as a test of New York’s political identity, and a reflection of the b...
Mexico has expressed regret over Peru’s decision to sever diplomatic relations after the Mexican government granted asylum to former Peruvian Prime Minister Betssy Chavez.
Brussels Airport is closed after the reported sighting of a drone, said the Belgian air traffic control service and a spokeswoman for the airport.
The U.S. is collaborating with other nations to help end the conflict in Sudan, the White House stated on Tuesday, following reports of mass killings during the capture of a city by paramilitary forces last week.
Russian President Vladimir Putin on Tuesday presented state awards to scientists and engineers behind the country’s newest strategic weapons systems, including the nuclear-powered Burevestnik cruise missile and the Poseidon underwater torpedo, the Kremlin said.
Russia said on Monday that its troops had advanced in the eastern Ukrainian city of Pokrovsk, a transport and logistics hub that they have been trying to capture for over a year, but Ukraine said its forces were holding on.
At least 37 people have died and five are missing after devastating floods and landslides hit central Vietnam, officials said Monday, as a new typhoon threatens to worsen the disaster.
U.S. President Donald Trump said he does not believe the United States is going to war with Venezuela despite growing tensions, though he suggested President Nicolás Maduro’s time in power may be nearing its end.
Tanzania's President Samia Suluhu Hassan vowed on Monday to move on from deadly protests set off by last week's disputed election as she was sworn into office for her first elected term.
The eastern Ukrainian city of Pokrovsk has emerged as a critical point in Russia’s campaign to seize the remaining Ukrainian-held parts of Donetsk, and its fate could shape the course of the conflict in the region.
Brussels Airport is closed after the reported sighting of a drone, said the Belgian air traffic control service and a spokeswoman for the airport on Tuesday (November 4)
U.S. President Donald Trump is set to meet with Syrian President Ahmed al-Sharaa at the White House on Monday, press secretary Karoline Leavitt announced on Tuesday during a press briefing.
Cameroon's security forces killed 48 civilians while responding to protests against the re-election of President Paul Biya, the world’s oldest sitting leader, according to data shared with Reuters on Tuesday by two U.N. sources.
South Korea's intelligence agency believes there is a strong possibility that North Korea and the United States will hold a summit, with the meeting potentially taking place after March, a lawmaker has said.
Mexico has expressed regret over Peru’s decision to sever diplomatic relations after the Mexican government granted asylum to former Peruvian Prime Minister Betssy Chavez.
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