Author: Press Room

SAG-AFTRA has reached a tentative agreement to end its strike against the Hollywood studios.The strike lasted 118 days, and, along with the Hollywood writers’ strike, halted most film and TV production.While some productions will start up again right away, the 2024 summer movie season may be lackluster. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The actors’ union, SAG-AFTRA, announced Wednesday evening that it had secured a tentative deal with Hollywood studios to end a strike of nearly four months, a spokesperson for the…

Stay informed with free updatesSimply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox.Homemaking entrepreneur Martha Stewart has praised India’s capability as a textile manufacturing hub and contrasted it with the difficulty of producing goods in China, as pandemic-era disruptions and political tensions between Washington and Beijing prompt US businesses to rethink their supply chains.“[The] supply chain has been difficult through Covid . . . China became more and more difficult to do business in,” the style guru told the Financial Times during a factory tour of her sole Indian supplier, Welspun Living. “And India is an extraordinary…

© Reuters. Staff members of Bank of Japan walk between the BOJ headquarters buildings in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo By Leika Kihara TOKYO (Reuters) -Some Bank of Japan policymakers last month called for the need to start phasing out massive stimulus and lay the groundwork for a future exit from ultra-low interest rates, a summary of opinions at their October meeting showed on Thursday. The discussions highlight how the BOJ is looking to exit its decade-long accommodative regime, as prospects of sustained inflation and wage growth heighten. At the Oct. 30-31 meeting, the BOJ kept its…

© Reuters. FILE PHOTO: SAG-AFTRA union President Fran Drescher and Duncan Crabtree-Ireland, SAG-AFTRA National Executive Director and Chief Negotiator, demonstrate as SAG-AFTRA actors join the Writers Guild of America (WGA) in a strike against the Hollywood studios, By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – To thousands of rank-and-file Hollywood actors, Fran Drescher emerged this summer as a modern-day labor hero who secured a hard-fought deal. To studio executives who negotiated with the SAG-AFTRA president, the former “Nanny” star prolonged a strike while she relished her high-profile role. Not since her portrayal of Fran Fine, a one-time bridal…

© Reuters. Investing.com– Oil prices rose on Thursday, recovering from near four-month lows as markets remained on edge over a slowdown in global crude demand, especially following weak signals from several major economies.  Crude prices fell sharply this week, with Brent briefly trading below the key $80 a barrel level as a storm of factors appeared to be working against oil markets. Data from the (API) showed that U.S. crude inventories saw their biggest weekly build since February- at over 11 million barrels in the week to Nov. 3.  The API data signaled some cooling in U.S. fuel consumption, especially…

wildpixel Canopy Growth (NASDAQ:CGC) is expected to post a narrowed fiscal Q2 loss and lower revenue Thursday afternoon as the Canadian cannabis company continues to restructure its operations. Analysts, on average, are expecting Canopy to post an adjusted EPS loss of $0.08, compared with a loss of $0.24 for the same quarter in 2022. Revenue is expected to slide to $60.65M from $87.10M in the 2022 period. Last quarter, Canopy reported an adjusted EPS loss of $0.04 on revenue of $80.99M, beating Street estimates on both the top and bottom lines. During its fiscal Q1 call in August, Canopy management…

For the second time in nearly two weeks, the United States carried out airstrikes against a facility used by Iran’s Islamic Revolutionary Guards Corps and its proxies in eastern Syria early Thursday, ratcheting up retaliation for a steady stream of rocket and drone attacks against American forces in Iraq and Syria.The strikes by two Air Force F-15E jets against a weapons storage depot came after U.S. airstrikes on Oct. 27 against similar targets in eastern Syria failed to deter Iran or its proxies in Syria and Iraq, which the Biden administration has blamed for the attacks.Not only have the attacks…

(Photo by Chris McGrath/Getty Images)Getty ImagesAFP PHOTO/Stan HONDA (Photo credit should read STAN HONDA/AFP via Getty Images)AFP via Getty Images What’s wrong with this picture? Consider the geopolitical chaos: The Middle East in bloody upheaval – thousands dead, hundreds held hostage, no end in sight Outright anti-semitism surging on college campuses and in the city streets Oil at $150/barrel next year? (according to Bloomberg) A new Russian offensive in the Ukraine – “Putin is having a very good October” (according to The Washington Post) A paralytic Congress, lurching through fiscal showdowns and budget shutdowns Consider the financial chaos – Treasury…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Walt Disney reported stronger-than-expected earnings for its most recent quarter and forecast that it would cut another $2bn from its costs while generating higher levels of cash in the coming year.The results come almost a year after Bob Iger returned to Disney as chief executive to replace his handpicked successor, Bob Chapek. They reflected “significant progress” over the past year, Iger said, which had allowed the company “to move beyond the period of fixing and begin building our businesses again”.Iger said he…

© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks on infrastructure during an event at the Amtrak maintenance facility in Bear, Delaware, U.S., November 6, 2023. REUTERS/Leah Millis/File Photo By David Shepardson WASHINGTON (Reuters) – The U.S. Senate voted 50-48 to overturn President Joe Biden’s decision to waive some “Buy America” requirements for government-funded electric vehicle charging stations but the White House said he would veto the measure. The White House argued the Republican bill would eliminate entirely the domestic manufacturing requirement for government-funded electric vehicle (EV) chargers “thereby harming domestic manufacturing and American jobs.” Senate Democrats Sherrod Brown,…