Las Vegas (AFP) – Netflix CEO Ted Sarandos met with US cinema owners on the sidelines of an industry gathering, the trade association chief said Tuesday, as movie theaters look for ways to work with a one-time foe. The explosion of streaming over the last decade or so — led chiefly by Netflix — has taken a huge bite out of the box office as audiences opt to stay on the couch ...

Washington (United States) (AFP) – US President Donald Trump’s choice for central bank chair is set to face a confirmation hearing next Tuesday, in a nomination some have criticized as an attempt to take over the Federal Reserve. The Senate Banking Committee released the April 21 date on Tuesday, after weeks of delays in former Fed official Kevin Warsh’s confirmation process....

Chichester (United Kingdom) (AFP) – Far from the downturn that has shaken many luxury houses in recent years, Britain’s Rolls-Royce on Tuesday launched an ultra-luxury, limited-series electric car. The imposing bonnet, crowned by the marque’s iconic Spirit of Ecstasy mascot, remains, but the new convertible series marks a further step into fully electric luxury motoring. Limi...

Paris (France) (AFP) – French luxury group Kering saw sales slide by six percent in the first quarter of this year, with its troubled flagship Gucci fashion house still dragging down its performance. The group, which embarked on a deep restructuring effort with the hiring of CEO Luca de Meo last year, plans to unveil a roadmap to turning around its performance to investors on...

Paris (France) (AFP) – French carmaker Renault said Tuesday that it plans to reduce its number of engineers by 15 to 20 percent in the coming two years as it seeks to remain competitive. A company spokesman said the reductions, out of a total of some 12,000 engineering posts worldwide, would be made without forced layoffs.

The carmaker, which has made ...