Walt Disney Co has offered a lower profit guidance for 2015 after the company's revenues fell narrowly below market expectations - sending its share prices down by 6 percent.
This was due to a decline in subscribers, and the impact of currency fluctuations. Its sports network ESPN suffered "modest" subscriber losses as Disney Chief Executive Officer Bob Iger highlighted consumers' shift towards online options.
This is the first time in two years that quarterly figures from the company missed market expectations.
The weakening of the euro cut $100m off of the company's income from Disneyland Paris - while its movie studios continued their strong performance, with "Avengers: Age of Ultron" being Disney's strongest performer.
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Greece is reported to be days away from securing a fresh multibillion euro bailout worth up to €86bn which needs to be agreed before August 20th.
Leaving talks in Athens, Greek finance minister Euclid Tsakalotos said that the negotiations have been fruitful, and that he is "encouraged" by the progress being made.
European Commission spokesperson Mina Andreeva added that the negotiation process is "moving in the right direction" and that "intense work" will continue in the coming days.
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There is positive economic data from China, the Caixin/Markit Purchasing Managers’ Index for services rose from 51.8 in June to 53.8 in July.
This is the biggest rise in the index in 11 months - but industrial manufacturing continued to struggle, with the output index at 50.2 - down from 50.6 in the previous month.
The report reads: "Anecdotal evidence suggested that stronger underlying client demand and new customer wins led to increased new work at service providers."
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Despite the gloomy weather that Ireland has experienced through the summer months, the market for Irish holiday homes is on the up.
Speaking to the Irish Times, Catherine O’Reilly of Sherry FitzGerald in Wicklow town reports that prices are 18-20 percent up from the bottom of the market - while sales of units in areas of Wexford have almost doubled.
The recovery is focused around the capital, with real estate agents in other parts of the country reporting slower growth.
Foreign investors have been active in the Irish market with the weakening euro making properties here appealing to buyers from the US and the UK.
