Global business updates: Turkey market risks and Netflix leadership changes

Several international business developments are underway, including potential regulatory shifts and leadership changes. In the United Kingdom, opposition is growing against the expansion of self-driving cars due to concerns regarding driver unemployment.

In Turkey, allegations of market manipulation involving several smaller stocks have put the country’s status as an emerging market at risk of being downgraded. Meanwhile, Norway’s sovereign wealth fund may see changes to its ethical guidelines, potentially allowing for increased investment in certain defense-related holdings.

In the corporate sector, the British law firm Freshfields is considering spinning off its AI unit to attract external investors, mirroring the trajectory of companies like the Swedish firm Legora. Additionally, Netflix has replaced a high-ranking executive in an attempt to reverse recent stock declines and address organizational challenges.