Business news — October 20, 2026

5 publications

1. BusinessReal Estate

   Oct 20, 2026, 21:24 UTC

   

   Netflix Dismisses Film Boss Dan Lin

   Netflix has dismissed Dan Lin as its film boss after less than three years in the role. Lin's departure comes amidst a wave of layoffs at the streaming giant, including the exit of chief content officer Bela Bajaria. Lin, a successful producer behind films like 'The LEGO Movie' series and 'It', was hired to run Netflix Film in 2024 after the exit of Scott Stuber. His tenure marked a shift towards more comedies, romantic comedies, and book adaptations. Lin's exit follows reports of tensions with filmmakers like Greta Gerwig over theatrical releases.

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2. BusinessTrade

   Oct 20, 2026, 18:02 UTC

   

   Brent Crude Oil Price Surges Past $110

   Brent crude oil prices have surged past $110 per barrel, marking a significant increase in energy prices. The Brent futures exceeded $110, while WTI reached $103.5. This rise comes amidst ongoing global energy market volatility.

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3. BusinessTrade

   Oct 20, 2026, 17:05 UTC

   

   Air Canada Introduces $30 Fee for Phone Bookings

   Air Canada has implemented a new fee for passengers booking flights through their call center. Starting October 15, a non-refundable charge of $30 will be applied per passenger for new bookings made over the phone. This means a family of four would incur a total fee of $120.

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4. BusinessTrade

   Oct 20, 2026, 14:17 UTC

   

   Ozon to Charge Pick-Up Point Owners from December 1

   Ozon, a Russian e-commerce company, has announced that it will start charging owners of its pick-up points from December 1. The fee will vary depending on the revenue generated by each point, with a maximum of 1% of the revenue or 1 ruble for points operating less than a year. The company has also provided financial assistance to pick-up point owners totaling 10 billion rubles over the past year.

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5. BusinessBudget

   Oct 20, 2026, 12:42 UTC

   

   UK Unemployment Rate Falls to 4.7%

   The Office for National Statistics has announced that the UK's unemployment rate has dropped to 4.7%, marking a decrease from the previous rate of 4.8%. This news comes ahead of the upcoming Budget.

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