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On September 6, the board of directors of China Reinsurance approved and disclosed a plan to issue domestic shares to specific targets. The issuance, to be subscribed by the Ministry of Finance in cash, aims to raise a total of RMB 3 billion. After deducting relevant issuance expenses, all proceeds will be used to increase China Reinsurances core tier 1 capital. The final fundraising amount and issuance plan are subject to final approval from relevant regulatory authorities. The issuance price is RMB 1.33 per share, representing a premium over China Reinsurances recent H-share secondary market price. Approximately 2.256 billion shares are planned to be issued, and the subscribers have committed to holding these shares for the long term.Ukrainian President Volodymyr Zelenskyy said on Sunday, ahead of a meeting with the U.S. peace envoy in Kyiv, that Ukraine wants an end to the war and needs security guarantees.September 6th - According to the emergency rescue command center for the "8.26" mudslide disaster in Gyirong County, Tibet Autonomous Region, as of 6 p.m. on September 5th, the disaster has resulted in 43 deaths and 519 missing persons.September 6th - Iranian Parliament Speaker Mohammad Ghalibaf stated in an open parliamentary session today (September 6th) that the recent attacks by Iranian armed forces on US bases "are just the beginning," and that the US should recognize that "the rules of the game have changed." Any future actions against Iranian interests and security will be met with a "faster, fiercer, and more painful" response.On September 6th, special commentator Su Xiaohui stated that Russia and Ukraines agreement to halt attacks on each others capitals for three days, ostensibly to technically ensure the safety of the US delegations trip, actually reflects the ongoing intense power struggle between the two sides. Both are trying to shift the pressure from the US onto their adversaries. Overall, with the Middle East deadlock unresolved, the USs current European diplomatic trip aims to demonstrate its continued diplomatic capability to advance major agendas. Ukraines earlier proposal to halt attacks on the Russian capital was essentially passing the buck to Russia, accusing Russia of undermining the negotiation process; Russias swift response, returning the buck, reflects that both Russia and Ukraine value the USs role, wanting to respond to US diplomatic considerations while simultaneously seeking US support for their own positions.

Warner Bros. Discovery re-ups its CFO and other key execs

Aria Thomas

Jul 15, 2022 10:26

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According to a Thursday filing, Warner Bros. Discovery (NASDAQ:WBD) has extended the contracts of its finance and strategy leaders.


Bruce Campbell's contract was extended to July 2025, while Gunnar Wiedenfels' was extended until July 2026.


Campbell and Jean-Briac Perrette, president of Warner Bros. Discovery Global Streaming and Interactive Entertainment, played significant roles in the establishment of Hulu, the streaming service that is today majority-owned by Disney.


In April, Discovery announced many additions to the Warner Bros Discovery executive team, including Campbell and Wiedenfels.


Warner Bros. stated on Thursday that Wiedenfels now oversees worldwide corporate technology and broadcast operations, as well as facilities, security, and studio operations.


In April, the company gained over two million paid streaming customers in the first quarter, while market leader Netflix (NASDAQ:NFLX) lost subscribers for the first time in more than a decade.