Netflix plans to double its spending on original content in Asia next year, Bloomberg reported, citing its vice president of content. Although the Netflix executive, Minyoung Kim, didn’t elaborate on the budget, Bloomberg said it would likely be at least $1 billion, citing research firm Media Partners Asia. Netflix is increasingly looking to Asia for its next 100 million users. However,...
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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