Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits
Economics professor Constantin Burgi of University College, Dublin, said a decoupling of job gains and wider growth - like the one the US is seeing today - often occurs when an economy goes through a structural shift, like the advent of AI.
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Analysts say a tie-up could offer benefits to the struggling traditional pay TV networks as well, giving them greater clout in business negotiations and presenting opportunities for cost savings.