Netflix boom over?

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Subscribers switch off

Netflix has seen its growth stall, signing up just 3.98 million new subscribers between January and March. It was aiming for 6 million. The streaming service saw its figures boom last year as lockdowns forced people around the world to stay at home. Show’s over? Maybe. Netflix says the problem is a lack of fresh content, because the pandemic makes it harder to create new shows.

Super League own goal

All 6 English football clubs have pulled out of the European Super League, after fans, other leagues, and even Boris Johnson gave the plans a red card. The teams’ decision comes just 48 hours after the venture was announced. The Super League, which is backed by £4.3 billion in funding from JP Morgan, was accused of putting profit before the game.

New Barclaycard limits

Credit card customers saw their spending limits slashed* last week with very little warning. Many with good credit histories say their limits have been cut by as much as 96%. Barclaycard says it’s due to the ongoing impact of coronavirus, but hasn’t confirmed how many customers are affected. It says it’s unrelated to the £26 million fine it was handed in December for failing to take care of customers behind on payments.

Net zero alliance

Dozens of banks and financial institutions have joined a global alliance aimed at reducing greenhouse gas emissions. Between them, they manage over $70 trillion in assets. The 43 banks from across the world have pledged to cut the carbon content of their investment portfolios by 2030. The alliance, which is chaired by former Bank of England governor Mark Carney, will encourage the financial sector to invest in green tech and infrastructure.

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