Disney moves toward thousands of job cuts, Bloomberg reports

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• Scoot extends cancellations of Jeddah flights to end February

  Prolonged geopolitical volatility across the Middle East continues to disrupt international aviation corridors, prompting carriers to delay service resumptions to safeguard operations. Heightened security risks stem from Iranian tensions and persistent Houthi strikes targeting key aviation hubs in Saudi Arabia. In response, budget and commercial operators are lengthening route suspensions and providing affected travelers with full ticket refunds.

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• Disney weighs thousands of job cuts, asks managers to target 20% cost savings

  Under CEO Josh D'Amaro, the entertainment giant is navigating intense streaming competition, softer box-office returns, and cooling international theme park attendance. Leadership plans to reallocate the realized capital directly into core growth areas, including technology, programming, and cruise operations. The aggressive financial measures are intended to help the company secure double-digit growth in adjusted earnings per share for the current fiscal year.

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• US top economist's big prediction for Indian economy

  Global economic dynamics have shifted permanently into a multipolar structure where no individual nation retains dominance, according to Columbia University economist Jeffrey Sachs. Speaking at a symposium in Varanasi, he identified the Adani Group as an essential catalyst driving India's domestic transformation and infrastructure buildup. He also cautioned that modern corporate leadership must balance profit margins with societal duties amid rapid technological change.

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