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.
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China has announced plans to fully cover childbirth-related costs for families as authorities move to incentivise young couples to have more children.
The Taliban leadership in Afghanistan opted out of a major regional meeting held in Iran’s capital Tehran on Sunday.
Australia vowed stricter gun laws on Monday as it began mourning victims of its worst mass shooting in almost 30 years, in which police accused a father-and-son duo of killing 16 people at a Jewish Hanukkah celebration at Sydney’s Bondi Beach.
Oil prices are rising worldwide as investors assess supply risks linked to growing tensions between the United States and Venezuela after the former seized an oil tanker Skipper on 10 December, a move Caracas calls “international piracy”.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
Russia’s human rights commissioner, Tatyana Moskalkova, has said that Ukraine has not provided Moscow with a list of thousands of children it alleges were taken illegally to Russia, despite the issue being discussed during talks in Istanbul.
Iranian authorities have seized a foreign tanker carrying more than 6 million litres of smuggled fuel in the Sea of Oman, detaining all 18 crew members on board.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
Oil prices are rising worldwide as investors assess supply risks linked to growing tensions between the United States and Venezuela after the former seized an oil tanker Skipper on 10 December, a move Caracas calls “international piracy”.
Syria has arrested five people suspected of having links to a deadly attack on a joint U.S.–Syrian convoy in the central town of Palmyra on Saturday, the country’s Interior Ministry said.
The head of Britain’s Secret Intelligence Service, the foreign spy service known as MI6, has warned that Russia "remains an aggressive and expansionist threat", vowing sustained support for Ukraine and calling for greater use of technology to protect UK security.
Odesa residents remained without power for a third straight day on Monday (15 December) after a Russian missile and drone strike crippled the power grid on Saturday (13 December).
Fighting along the Thailand–Cambodia border has entered a fifth consecutive day, despite U.S. President Donald Trump claiming he had brokered a ceasefire between the two sides.
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