Here are five things you need to know this morning.
Passengers wait for check-in counters amid a global IT disruption at Ninoy Aquino International Airport on July 19. Photographer: Ezra Acayan/Getty ImagesIT chaos around the world, impacting banking, media, airline and even emergency services
. It’s not immediately clear what happened but it seems to be related to the company’s Falcon Sensor product, which monitors cyber threats. An update to the product is seemingly causing problems on millions of devices using Microsoft Windows, a pretty much ubiquitous software platform. The company’s shares are down 20 per cent in premarket trading this morning, and Microsoft’s stock price is also underwater while the companies point fingers at each other.
. The company now has 278 million paying customers around the world; far more than any other streaming platform. Almost half of the new sign-ups were for the company’s lower-priced tier with ads, but in a market showing increasing signs of saturation, the growth is impressive. The company posted net income of US$2.1 billion and revenue of $9.5 billion, a 17 per cent increase from this time last year.. The data agency reported that Canadian retailers racked up $66.1 billion in sales in May.
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