Disney Appoints Josh D'Amaro as New Chief Executive
Walt Disney Co. named Josh D'Amaro, head of its amusement park business, as its new chief executive, effective March 18, according to BBC Business. D'Amaro, a 28-year veteran of the company, will replace current boss Bob Iger. The decision ends a succession puzzle for the entertainment giant, which Iger has led for roughly two decades, except for a brief interlude that ended in 2022 when the board ousted his successor and asked Iger to return.
In selecting D'Amaro, Disney has turned to the leader of the part of its business that has delivered the most reliable profits in recent years, as the company works to find its way in the world of streaming, according to BBC Business.
X Offices Raided in France, UK Opens Investigation into Grok
The French offices of Elon Musk's X were raided by the Paris prosecutor's cyber-crime unit, as part of an investigation into suspected offences including unlawful data extraction and complicity in the possession of child pornography, according to BBC Business. The prosecutor's office also said both Musk and former X chief executive Linda Yaccarino had been summoned to appear at hearings in April.
In a separate development, the UK's Information Commissioner's Office (ICO) announced a probe into Musk's AI tool, Grok, over its "potential to produce harmful sexualised image and video content," according to BBC Business. X is yet to respond to either investigation, according to BBC Business.
Irn-Bru Maker AG Barr Buys Fentimans and Frobishers Drinks Brands
Irn-Bru maker AG Barr purchased two rival soft drinks brands Fentimans and Frobishers in a deal worth more than 50m, according to BBC Business. AG Barr purchased the Hexham-based botanical brewery and fizzy drinks brand Fentimans for about 38m, in a move funded through a combination of cash and debt, according to BBC Business. It also closed a deal at the end of its financial year to January to buy Devon-based juice business Frobishers for 13m, according to BBC Business. The company said the two brands both reflect the consumer's move away from alcoholic beverages to "adult soft drinks," according to BBC Business. The acquisitions come as Barr, whose other main brands include Rubicon, Funkin and Boost, reported a "strong" financial year, with increases in sales and profits, according to BBC Business.
Judge Blocks Trump Administration’s Stripping of Haitians’ Protected Status
A federal judge has blocked the Trump administration from stripping temporary protected status from up to 350,000 Haitians, a status that allows them to legally live and work in the United States amid the turmoil in their homeland, according to The Guardian. Judge Ana Reyes issued a temporary stay that prevents Kristi Noem, the US homeland security secretary, from implementing her decision to remove the protected status, according to The Guardian.
Trump’s Greenland Threats Open Old Wounds for Inuit Across Arctic
On a bitterly cold recent morning in the Canadian Arctic, about 70 people took to the streets. Braving the bone-chilling winds, they marched through the Inuit territory of Nunavut, waving signs that read: We stand with Greenland and Greenland is a partner, not a purchase, according to The Guardian. It was a glimpse of how, for Indigenous peoples across the Arctic, the battle over Greenland is a reminder of troubling imperial past, according to The Guardian.
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