By Samrhitha A and Chavi Mehta (Reuters) – Big media firms are expected to warn starting this week that studio revenues will slow in the coming quarters as dual Hollywood strikes left them with[...]
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October 30, 2023
Key moments from Sam Bankman-Fried’s first day on the stand
By Jody Godoy and Luc Cohen (Reuters) – FTX founder Sam Bankman-Fried is set on Monday to resume testifying at his fraud trial on charges related to the cryptocurrency exchange’s collapse[...]
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UAW expands GM walkout after deal to end Stellantis strike
By David Shepardson and Joseph White (Reuters) -The United Auto Workers on Saturday expanded its strike against General Motors to include its Spring Hill, Tennessee, engine plant, a move that could st[...]
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Goldman Sachs no longer sees U.S. govt shutdown in 2023
(Reuters) – Goldman Sachs removed its forecast for a U.S. government shutdown this year given new geopolitical risks and the election of a speaker at the House of Representatives, but warned of[...]
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Russia to simplify inward investment for ‘friendly’ countries -prime minister
(Reuters) – Prime Minister Mikhail Mishustin said on Monday that Russia would create a simplified procedure for citizens and companies from “friendly” countries to invest there. Mish[...]
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Buyers return to China’s largest trade fair but orders still elusive
By David Kirton GUANGZHOU (Reuters) – Foreign buyers returned in force for the autumn round of the world’s largest trade show, heading towards pre-COVID numbers, but Chinese sellers said o[...]
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Glencore cuts 2023 nickel production guidance
LONDON (Reuters) -Commodity trader and miner Glencore on Monday cut its nickel production guidance for this year due to maintenance and strikes but reiterated its expectation that profits from its tra[...]
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Marelli plant closure forewarns painful electric vehicle transition
By Giulio Piovaccari and Giselda Vagnoni CREVALCORE, Italy (Reuters) – Around 230 workers in Italy’s “Motor Valley” have begun striking over the planned closure of their auto p[...]
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China Evergrande winding-up hearing adjourned as it seeks new debt deal
By Clare Jim and Xie Yu HONG KONG (Reuters) -A Hong Kong court gave China Evergrande Group a five week reprieve to come up deal with creditors or face liquidation after the embattled developer said on[...]
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