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5 Things You Need To Know, Today, on Thursday 9th February 2023
5. Google's advert designed to show off its new AI bot, showed it answering a query incorrectly.
Shares in parent company Alphabet sank more than 7% on Wednesday, knocking $100bn (£82bn) off the firm's market value.
4. Disney chief executive Bob Iger says he is cutting 7,000 jobs as part of a major shake-up of the entertainment giant.
The layoffs are part of a plan to save $5.5bn in costs and make the Disney+ streaming service profitable.
3. Britain's trade minister Kemi Badenoch begins a two-day visit to Mexico today, targeting a bilateral trade deal as well as Britain's accession to a Pacific trading association as the country builds its trade ties after leaving the European Union.
Britain is targeting an Indo-Pacific tilt in its foreign and trade policy, and is aiming to accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), of which Mexico is already a member.
2. Netflix has announced it is introducing limits on password sharing in four more countries: Canada, New Zealand, Portugal and Spain.
Customers in those countries are being asked to pay an extra fee if they want friends and family who don't live with them to share their subscription. The media giant estimates 100 million people around the world use shared accounts.
1. Britain's housing market suffered the most widespread price falls since 2009 last month as the run of interest rate increases over the past year weighed on would-be buyers.
The Royal Institution of Chartered Surveyors (RICS) house price balance, which measures the gap between the percentage of surveyors seeing rises and falls in house prices, fell to -47, the lowest since April 2009, from -42 in December.