GZERO North

Hard Numbers: Exxon bets on shale, Netflix makes an unchill choice, Google floods the zone, digital tax plans advance

59.5 billion: US oil major Exxon Mobil on Wednesday paid $59.5 billion to acquire Pioneer Natural Resources, a major producer of shale oil in West Texas.
59.5 billion: US oil major Exxon Mobil on Wednesday paid $59.5 billion to acquire Pioneer Natural Resources, a major producer of shale oil in West Texas.
Reuters
59.5 billion: US oil major Exxon Mobil on Wednesday paid $59.5 billion to acquire Pioneer Natural Resources, a major producer of shale oil in West Texas. Experts say the deal, Exxon Mobil’s largest since the 1990s, could spark fresh investments and acquisitions in the Canadian shale industry as well.

25: Netflix is planning to raise subscription prices again, starting with the US and Canada, as soon as the ongoing US actors strike ends. The precise cost increase isn’t known yet, but it comes after Netflix and other ad-free streamers have already raised their fees by 25% over the past year.

800: Is a flood on the way? As the weather gets more and more extreme, the answer is, increasingly, yes — but where and when? Google Maps has an answer for that: a new prediction service called Flood Hub. In the US and Canada, it will cover 800 river areas inhabited by some 12 million people.

32 billion: The OECD this week released a new draft treaty on global digital taxation that could raise as much as $32 billion annually by enabling governments to tax tech companies in the countries where they operate, rather than just where they are headquartered. It’s unclear whether it will be ratified by enough countries’ legislatures to take effect — but Canada is charging ahead unilaterally with its own digital tax, despite threats from US lawmakers.

More For You

Geoffrey Hinton, the ‘Godfather of AI,’ joins Ian Bremmer on the GZERO World podcast to talk about how the technology he helped build could transform our lives… and also threaten our very survival.

- YouTube

Is the AI jobs apocalypse upon us? On Ian Explains, Ian Bremmer breaks down the confusing indicators in today’s labor market and how both efficiency gains as well as displacement from AI will affect the global workforce.

Members of the Uyghurs diaspora gather in front of Alberta Legislature during the protest 'Stand in Support of East Turkistan' to commemorate the 1990 Barin Uprising, on April 6, 2024, in Edmonton, Alberta, Canada. The East Turkestan independence movement seeks the region's independence for the Uyghur people from China. They advocate renaming the region from Xinjiang to East Turkestan, its historical name.
Photo by Artur Widak/NurPhoto

Remember Xinjiang? There was a time, not long ago, when China’s crackdown on the Uyghurs, a Muslim minority group living in Xinjiang province in Northwestern China, was a hot topic. But these days the attention has faded.