The report capped off a record-breaking year for the company, thanks to the Covid-19 pandemic. Its subscriber base skyrocketed as consumers around the world stayed indoors and watched stuff on their screens. Most of Netflix’s growth in recent months has come outside the US: It added 2 million new subscribers in Asia in the most recent quarter, compared to just 860,000 in the US and Canada combined. Nearly 85% of its subscriber additions in 2020 came from outside the US.
Some analysts were worried that a $1 price hike in the US in October would stunt its momentum, but that has not yet materialized. Netflix forecasted another 6 million new subscribers for the first quarter of 2021. But it’s clear the unprecedented growth that occurred in the early days of the pandemic has slowed.
BEIJING (dpa-AFX) - China's benchmark lending rates were left unchanged as widely expected, on Wednesday.The one-year loan prime rate was retained at 3.85 percent and the five-year loan prime
Financial News
The UK is still the top fintech hub in Europe with $4.1bn in funding
Companies based in London accounted for more than 90% of the UK s total fintech investment
Silicon Roundabout in London. The capital generates 90% of the UK s fintech funding Getty Images By Wednesday January 20, 2021 12:01 am
The UK has retained its spot as the top destination for fintech venture capital investment in Europe, raking in $4.1bn as a sector in 2020.
Data from Innovate Finance published on 20 January showed the UK ranked second globally for funding last year, behind the US at $22bn. It surpassed emerging markets Indonesia and India, which came third and fourth, respectively.
Elaborate safeguards needed to help young adults own homes easily
The financial authorities have unveiled a plan to introduce mortgages with a maturity of 40 years to help young adults more easily buy a home. In a new year business plan announced Tuesday, Financial Services Commission (FSC) Chairman Eun Sung-soo said the loan program will start as a pilot project in the second half of the year for young people, newly-wed couples and first-time home buyers. This program is meant to help young people own homes with their current income, Eun said.
Mortgages, a popular tool for purchasing homes in many industrialized countries, enable individuals to own the property free and clear if they repay the loan plus interest over many years, after borrowing money with the house as collateral. Research shows that a person can own a house with a burden similar to monthly rent if they use a mortgage with a maximum term of 40 years. However, elaborate safeguards are essential before introducing