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Netflix co-founder Reed Hastings is leaving the streaming service he co-founded 29 years ago, as the company regains its footing after losing a $72 billion deal for Warner Bros Discovery to Paramount Skydance.In a letter to investors released on Thursday, Netflix said Hastings will not stand for re-election at its annual meeting in June and plans to focus on philanthropy and other pursuits.The company's stock plunged about 8 percent on the news of Hastings's departure. The co-founder is credited with helping to revolutionize how movies and television shows are delivered in homes, upending Hollywood's business model.“Netflix is growing revenues double-digits, expanding margins in 2026 and gushing free cash flow,” said LightShed Partners media analyst Richard Greenfield. “While the Q1 was uneventful financially, the departure of Reed Hastings has spooked investors.”Netflix reaffirmed in a 14-page shareholder letter that its mission remains “ambitious and unchanged” – to entertain the world, providing movies and series for many tastes, cultures and languages. The company’s full-year outlook remained unchanged.The company did not say how it plans to spend the $2.8 billion termination fee it received after losing the Warner Bros movie studio and HBO, and lifted its earnings per share to $1.23 in the first quarter compared with 66 cents per share in the same quarter last year.Revenue rose to $12.25 billion, an increase of 16 percent from the year-ago period, modestly exceeding analyst forecasts of $12.18 billion.Netflix, which long told investors that a Warner Bros acquisition was a “nice to have, not need to have” proposition, highlighted areas of future growth.The company said its investment in expanding its entertainment offerings, with video podcasts and live entertainment – such as the World Baseball Classic in Japan – is driving engagement.It plans to use technology to improve the user experience and improve monetization, as advertising revenue remains on track to reach $3 billion in 2026 – a twofold increase from a year ago.

The Modi administration is accelerating a 2023 statute that would earmark 33 percent of seats in India’s parliament and state legislatures for women. The initiative, presented during a three‑day special parliamentary session, is tied to a broader proposal to expand the Lok Sabha from its current 543 seats to 850 through a nationwide delimitation exercise. Prime Minister Narendra Modi framed the bills as historic steps toward gender empowerment, stating, “We’re set to take historic steps to empower women.” The three bills require a two‑thirds majority in both houses; with the National Democratic Alliance (NDA) holding 293 of the 543 lower‑house seats, it falls short of the 360 votes needed. Women presently occupy only 14 percent of Lok Sabha seats. Parliamentary Affairs Minister Kiren Rijiju emphasized a united effort to secure “rightful positions” for women, while noting that India already reserves one‑third of local‑government seats for female representatives. Opposition parties, however, warn that the delimitation component—redrawing constituency boundaries based on population—could tilt the political balance in favor of the BJP, which draws strong support from the densely populated northern states. Critics argue that expanding seats based on the 2011 census, the last completed count, would disproportionately benefit the north and marginalise southern regions where population growth has slowed. The Indian Constitution mandates constituency revision after each census, but the last delimitation occurred after the 1971 census. The government’s draft proposes applying the 2011 census data for the next general election slated for 2029. Opposition leaders, including Rahul Gandhi of the Indian National Congress, contend that the timing is a ploy to consolidate power, describing the move as “gerrymandering through the backdoor.” Further dissent emerged from the south: Tamil Nadu Chief Minister MK Stalin publicly burned a copy of the bill and raised a black flag, urging statewide protests against what he termed “the arrogance of the fascist BJP.” Several southern MPs attended parliament in black as a symbolic protest. The BJP counters that the seat increase will be applied uniformly— a 50 percent rise across all states— preserving proportional representation. Yet the draft delimitation bill lacks explicit language confirming this uniformity. With the debate set to continue, the outcome will shape not only women’s political representation but also the geographic balance of power in India’s largest democracy, influencing electoral dynamics for the next decade.

The Golden State Warriors have kept their NBA playoff hopes alive with a thrilling 126-121 comeback victory over the Los Angeles Clippers in a Western Conference play-in game. Stephen Curry led the charge with a game-high 35 points, including a crucial deep 3-pointer with 50.4 seconds remaining to put the Warriors ahead for good.However, it was Al Horford who stole the show with his late-game heroics. The 39-year-old veteran had just two points off the bench before his pivotal outburst, finishing with 14 points. Horford connected on four 3-pointers in the final 5:37, including the game-ending baskets, as part of a 27-13 Golden State run to seal the win.The Warriors' victory eliminates the Clippers and sets up a sudden-death matchup against the Phoenix Suns in Phoenix on Friday to determine the West's No. 8 seed and the Oklahoma City Thunder's first-round playoff opponent. Stephen Curry's seven makes on 12 attempts from beyond the arc paced the Warriors to a 19-of-41 long-range barrage (46.3 percent).Other key contributors for the Warriors included Gui Santos with 20 points, six rebounds, and five assists, and Kristaps Porzingis with 20 points. For the Clippers, Darius Garland and Kawhi Leonard each finished with 21 points, while Bennedict Mathurin led Los Angeles with 23 points off the bench.In other NBA play-in action, Tyrese Maxey scored a team-high 31 points to lead the Philadelphia 76ers to a 109-97 victory over the Orlando Magic, securing the 76ers' spot in the Eastern Conference playoffs as the seventh seed.

Peru's general election has entered its third day without a clear outcome, leaving voters increasingly frustrated and skeptical about the legitimacy of the results. The closely watched presidential race has seen leftist candidate Roberto Sanchez move into second place as the vote count continues.The delayed results have fueled concerns about the country's ability to conduct a free and fair election. Keiko Fujimori is leading with 17 percent of the vote, but the second spot remains undecided, with Sanchez holding 12.04 percent and Rafael Lopez Aliaga close behind with 11.9 percent.The confusion over the voting process and its results has spiked public skepticism, with many voters expressing frustration and disappointment. Candidates, including Lopez Aliaga, have suggested that they will not accept the results as legitimate, citing concerns about electoral fraud.Observers have cautioned against unsubstantiated claims of fraud, stating that there is no firm evidence of foul play. However, the European Union Election Observation Mission to Peru has noted that there have been serious problems with the electoral process.The delayed results have also highlighted growing rates of disillusionment among Peruvians about the state of the country's democracy. A recent poll found that about 84 percent of respondents were unsatisfied or very unsatisfied with how democracy was functioning in Peru.The country's political instability has been a major concern, with Peru shifting through nine presidents in just 10 years. The situation has been further complicated by rising concern about issues such as crime and corruption, which have been cited as major concerns by voters.

New research indicates that individuals carrying the red‑hair allele have been evolutionary winners in Europe for more than 10,000 years. The study, led by Harvard scientists, examined DNA from nearly 16,000 ancient remains and over 6,000 living Europeans, providing robust proof that human biology continues to evolve long after farming began. Researchers identified 479 genetic variants that show clear signs of positive selection. Among these are genes linked to red hair and fair skin, as well as variants that affect susceptibility to coeliac disease, diabetes risk, baldness and rheumatoid arthritis. The authors suggest that the advantage of red hair may stem from its association with lighter skin, which enhances vitamin D synthesis in low‑sunlight environments—a crucial benefit for early European farmers. Prior to this work, only about 21 traits had been documented as having risen through natural selection, such as lactase persistence. The scarcity of earlier examples had led some to argue that directional selection was rare after modern humans left Africa. By leveraging an unprecedented volume of ancient genomic data and advanced computational methods, the team demonstrated that selection pressures intensified during the transition from hunter‑gatherer societies to agricultural ones, reshaping hundreds of genes across West Eurasia. "With these new techniques and the sheer scale of ancient DNA, we can now observe how selection sculpted our biology in near real‑time," said Dr. Ali Akbari, the study’s first author. Beyond vitamin D, the rise of certain disease‑related alleles poses intriguing puzzles. A mutation that heightens the risk of coeliac disease emerged around 4,000 years ago and has steadily increased, implying that carriers may have enjoyed other survival advantages despite the autoimmune threat. Similarly, the immune‑regulating gene TYK2, which markedly raises tuberculosis susceptibility, grew in frequency between 9,000 and 3,000 years ago before declining, hinting at a complex balance between pathogen defense and disease risk. The analysis also uncovered negative selection against genetic profiles that promote a high body‑fat percentage, supporting the classic “thrifty genes” hypothesis: traits advantageous for storing energy during scarce hunter‑gatherer periods became detrimental once agriculture ensured a steadier food supply. "This work lets us assign both place and time to the forces that have shaped us," noted Prof. David Reich, senior author and Harvard Medical School geneticist. While the findings are confined to West Eurasian populations, they raise broader questions about whether similar evolutionary dynamics occurred elsewhere. The full study appears in Nature.

A New York jury has ruled against Ticketmaster and Live Nation, finding that the concert giant and its subsidiary had a harmful monopoly over big concert venues. The verdict is a significant loss for the companies, which were sued by dozens of states in the US over claims of anticompetitive practices.The jury deliberated for four days before reaching its decision, which could cost Live Nation and Ticketmaster hundreds of millions of dollars. The companies were found to have overcharged consumers in 22 states by $1.72 per ticket. The verdict also opens the door for potential penalties and sanctions, including court orders to divest some entities, such as venues.The civil case, initially led by the US federal government, accused Live Nation of using its reach to smother competition by blocking venues from using multiple ticket sellers. The company's lawyers argued that it is not a monopoly, saying that artists, sports teams, and venues decide prices and ticketing practices.Live Nation Entertainment owns, operates, controls booking for, or has an equity interest in hundreds of venues. Its subsidiary Ticketmaster is widely considered to be the world's largest ticket-seller for live events, controlling 86 percent of the market for concerts and 73 percent of the overall market when sporting events are included.The verdict marks a significant victory for fans and some artists who have long complained about Ticketmaster's high fees and limited competition. The company has faced criticism from artists such as Pearl Jam, which battled the business in the 1990s and filed an antimonopoly complaint with the US Department of Justice.

Sudan, one of the world's most impoverished countries, has been ravaged by a civil war that began in 2023. The conflict, driven by a power struggle between the army and the paramilitary Rapid Support Forces (RSF), has left the nation unrecognizable. Over 40,000 people have been killed, and about 14 million – a quarter of the population – have been forced to flee their homes. Civilian infrastructure across the country has been extensively damaged.“We are not just facing a crisis – we are witnessing the systematic erosion of a country’s future,” Luca Renda, the United Nations Development Programme’s (UNDP’s) resident representative in Sudan, told Al Jazeera. A report by the UNDP and the Institute for Security Studies highlights the scale of Sudan’s economic collapse. Even under the most optimistic scenario of peace being achieved in 2026, Sudan would still lose an estimated $18.8 billion in gross domestic product (GDP) by 2043.The war has had a devastating impact on Sudan's infrastructure and basic services. $6.4 billion was lost in GDP in 2023 alone, reflecting a simultaneous collapse across all major parts of Sudan’s economy. The destruction of infrastructure has triggered displacement and made it difficult for people to secure adequate housing or access basic services. Up to 40 percent of power generation capacity has been lost, and key water infrastructure has been destroyed or seized, cutting communities off from clean water and sanitation.The labor market has also been severely affected, with agriculture – once the backbone of Sudan’s economy – severely hit. Cultivated land has shrunk, adversely impacting rural livelihoods. Average incomes have fallen back to levels last seen in 1992. About 90 percent of manufacturing activity has been destroyed in key economic hubs, eliminating thousands of jobs.The oil industry has suffered significantly, with oil output falling amid widespread instability and infrastructure damage. The Khartoum refinery, which previously processed up to 100,000 barrels per day, has been out of operation since July 2023. Key infrastructure, including pipeline routes carrying crude to Port Sudan, has been hit.The collapse of the Sudanese pound and supply chains has caused a sharp rise in living costs. Food prices have surged, with four pieces of bread now costing about 1,000 pounds, an amount that had previously bought six pieces. Wages have failed to catch up with inflation, leaving many households without access to necessities. Nearly half the population is now experiencing acute food shortages.The economic collapse has had a profound impact on Sudan's people, with 34 million people in need of assistance and 19 million facing acute food shortages. The war has caused death, trauma, and profound loss, casting a long shadow over Sudan’s future and dimming the prospects of a generation whose lives are being shaped by violence. If the conflict continues to 2030, Sudan’s economy in 2043 would be about $34.5 billion smaller than it would have been without the war, and GDP per capita would drop by roughly $1,700.

In the first three months of 2026, the United States’ six biggest banks collectively generated $47.4 bn in net profit, edging close to the $50 bn mark. The earnings surge reflects a sharp rise in trading activity as market participants scrambled for safety after the US‑Israeli offensive against Iran sparked a wave of volatility. Bank of America and Morgan Stanley led the pack with profit jumps of 17% and 30% respectively, while Goldman Sachs posted a 19% increase. JPMorgan Chase reported a 13% rise to $16.5 bn, Citi posted a striking 42% jump to $5.8 bn, and Wells Fargo added a modest 7% gain to reach $5.3 bn. Chief Executive David Solomon of Goldman Sachs described the results as a “very strong performance … even as market conditions became more volatile,” noting that the shift in client behavior toward cash‑preserving strategies boosted fee‑based trading revenue. Meanwhile, Bank of America’s CEO Brian Moynihan cautioned that the board remains “watchful of evolving risks,” acknowledging the broader uncertainty surrounding the Middle‑East conflict. The conflict has disrupted tanker traffic through the Strait of Hormuz, pushing energy prices higher and feeding inflationary pressures. The International Monetary Fund responded by trimming its 2026 US growth forecast by 0.1 percentage points to 2.3%, warning that a deeper escalation could trigger a global recession, especially for net energy importers and developing economies. Higher borrowing costs and inflation expectations have dampened demand for loans and mortgages, potentially curbing future investment‑banking fees tied to mergers and acquisitions. Yet, the immediate impact on trading desks has been lucrative, prompting banks to return cash to shareholders. JPMorgan set a quarterly record with a $8.3 bn share‑buyback, Bank of America followed with $7.2 bn, Citi spent $6.3 bn—its biggest buyback in two decades—while Goldman, Wells Fargo and Morgan Stanley allocated $5 bn, $4 bn and $1.8 bn respectively. Analysts view the earnings surge as a short‑term windfall that may not be sustainable if the geopolitical tension persists. Prolonged conflict could suppress corporate earnings, reduce merger activity, and ultimately erode the trading‑driven profit model that has underpinned this quarter’s success.

In a move that has sparked widespread criticism, the Canadian government is pressing ahead with planned cuts to the Interim Federal Health Program (IFHP), which provides basic health coverage to refugees, asylum claimants, and others not covered by other healthcare programmes in Canada. The changes, announced in late January and set to come into effect on May 1, will require people receiving IFHP coverage to pay $4 per eligible prescription medication and 30 percent of the cost of supplemental services such as dental and vision care, and counselling.Critics argue that these co-payments can be prohibitively expensive for newcomers struggling to rebuild their lives in Canada amid soaring costs. Doctors and refugee rights advocates warn that the cuts could lead to increased suffering and expenditures in the long run, as vulnerable individuals may be deterred from seeking necessary care.“We want to make sure that we have a universal healthcare system, and we also don’t want a system that punches down against vulnerable people and migrants,” Dr. Ritika Goel, a Toronto-based family doctor, told Al Jazeera at a rally in downtown Toronto. “We want to support a system that provides care to everyone.”The Canadian government claims that the changes will help manage growing demand and keep the IFHP sustainable over the long term. However, the Office of the Parliamentary Budget Officer projects that the cost of the IFHP will continue to grow at an average of 11.2 percent annually through 2030.The cuts have drawn comparisons to a similar move in 2012, when then-Prime Minister Stephen Harper made cuts to the IFHP, prompting widespread protests and a legal challenge. In 2014, the Federal Court of Canada ruled that the curbs amounted to “cruel and unusual” treatment and violated the Canadian Charter of Rights and Freedoms.