Netflix misses Q3 earnings targets amid Brazil tax dispute
Netflix (NFLX) missed Wall Street third-quarter earnings targets due to an unexpected expense from a dispute with Brazilian tax authorities, though it...
Romanians vote Sunday in a rerun presidential election with far-right eurosceptic George Simion leading the polls, a potential upset that could unsettle markets and raise alarms in the EU and NATO.
Romanians will head back to the polls on Sunday for a repeat presidential election that could hand victory to ultranationalist George Simion—an outcome that analysts say would unsettle investors and raise alarm within both the European Union and NATO.
The rerun follows the annulment of December’s vote amid allegations of Russian meddling, which Moscow denies. Simion, 38, has surged to about 30 percent in recent polls, capitalising on public anger over the cancellation and inheriting much of the support once directed at barred far-right contender Călin Georgescu. Although comfortably ahead of his rivals, Simion is unlikely to clear the 50 percent threshold on Sunday, setting up a 18 May runoff against whichever centrist finishes second.
A conservative Christian and self-declared eurosceptic, Simion opposes military aid to neighbouring Ukraine, is critical of EU leadership and has voiced admiration for former U.S. president Donald Trump’s “Make America Great Again” agenda. In 2018 he backed an unsuccessful referendum aimed at blocking same-sex marriage, and he has called for Romania’s borders to be redrawn to match the country’s 1940 frontiers—claims that touch present-day Bulgaria, Moldova and Ukraine.
His main challengers are two pro-Western centrists: 65-year-old former senator Crin Antonescu, backed by the governing coalition, and 55-year-old Bucharest mayor Nicușor Dan, standing as an independent reformist. Both support the EU, NATO and continued assistance to Kyiv.
Romania’s president serves a semi-executive five-year term, commanding the armed forces, appointing the prime minister and representing the country at EU and NATO summits. Financial institutions warn that a Simion victory would inject significant uncertainty, potentially upending the current coalition as the government struggles to tame one of the bloc’s largest budget deficits.
The next head of state will also face pressure to boost defence spending, manage the economic fallout of any trade disputes and repair ties with Washington after criticism from some U.S. officials over the cancelled December vote.
Simion has pledged to reveal the true cost of Romania’s support for Ukraine, contrasting it with domestic spending needs. The country has already donated a Patriot air-defence battery to Kyiv, trains Ukrainian fighter pilots and has handled around 30 million tonnes of Ukrainian grain through the Black Sea port of Constanța since Russia’s full-scale invasion in 2022.
Supporters praise Simion for what they see as straightforward patriotism and integrity. “He backed the only candidate who wanted the best for Romania,” said lawyer Vlad Popa, 50. “I hope he restores democracy through his actions.”
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
President Donald Trump rejected a request from leading Democratic lawmakers to meet until the three-week-old U.S. government shutdown is brought to an end on Tuesday.
A Colombian court has overturned former President Álvaro Uribe’s convictions for fraud and bribery, halting a years-long legal saga that had made him the country’s first ex-leader to face criminal sentencing.
A Jan. 6 rioter who was pardoned by President Donald Trump has been charged with making terroristic threats after allegedly sending text messages that threatened to kill House Democratic Leader Hakeem Jeffries, according to a felony complaint filed in New York state court.
Netflix (NFLX) missed Wall Street third-quarter earnings targets due to an unexpected expense from a dispute with Brazilian tax authorities, though it offered a slightly stronger-than-expected forecast for the rest of the year.
Uzbekistan and Saudi Arabia have strengthened their strategic economic partnership with new projects in the capital’s development plan, including the construction of the ‘Riyadh Quarter’ in New Tashkent and the launch of a new international airport.
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