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Hopes rise for end to Hollywood writers' strike as talks extend
Hollywood writers and studios were due to meet for a third consecutive day of high-level talks Friday, raising the industry's hopes that an end to the costly 144-day Writers Guild of America strike could finally be near. There have been no known contract talks between the studios and the actors' 160,000-strong SAG-AFTRA guild since that strike began.
Central banks in no rush to cut interest rates
Investors were hoping to hear central banks finally signal this week that they were close to being done raising interest rates in their battle against inflation. The central bank also unsettled investors by saying that only two cuts were expected next year instead of four as anticipated.
Rupert Murdoch's handover to son Lachlan sparks concern in London
Rupert Murdoch's announcement that he will hand over control of his global media empire to son Lachlan has put the group's British media, including the tabloid The Sun, on tenterhooks about its future place in the conglomerate.
Adidas boss apologises for controversial Ye comments
The head of Adidas has apologised after speculating that Kanye West did not "mean what he said" with anti-Semitic remarks that put an end to his collaboration with the German sportswear brand. Gulden had "apologised for his misstatement", the head of the Anti-Defamation League, Jonathan Greenblatt, said in a post on X, formerly known as Twitter.
US auto workers union expands strike at General Motors, Stellantis
The US auto workers union expanded a potentially economically and politically damaging strike against two of Detroit's "Big Three" Friday -- and invited President Joe Biden to support workers on the picket line.
US Fed official calls for more rate hikes to tackle inflation
The US Federal Reserve has more work to do to tackle high inflation despite making "considerable" progress in the last 18 months, a senior bank official said Friday. "I see a continued risk that energy prices could rise further and reverse some of the progress we have seen on inflation in recent months," Bowman said Friday.
UK opposition leader denies he will try to undo Brexit
The leader of the UK's opposition Labour Party on Friday denied he wanted to rejoin the European Union after recent comments led the ruling Conservatives to accuse him of wanting to "unpick Brexit". Chancellor Jeremy Hunt accused him of wanting to "unpick Brexit" while Foreign Secretary James Cleverly said he "wants to rejoin the EU in all but name".
EU reduces record Intel antitrust fine to 376 mn euros
The European Commission slapped a new fine of 376 million euros ($400 million) on US chipmaker Intel on Friday after an EU court annulled a previous record penalty for abusing its dominance in the computer chip market.
As electric shift stalls, Volkswagen weighs up savings
Volkswagen's factory in the heart of the east German city of Dresden was conceived as a showcase for the auto giant's electric future but on a September afternoon the production line stands still. - 'Weak market' - On a tour of the "Transparent Factory" in Dresden, the future of the plant is also a question posed by visitors and answered equivocally.
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