PIMCO CIO says preparing for ‘harder landing’ for global economy – FT

(Reuters) – Pacific Investment Management Co (PIMCO) is preparing for a “harder landing” while top central bank chiefs prepare to continue their campaign of interest rate rises, Daniel Ivascyn, chief investment officer at the U.S. bond giant, told the Financial Times in an interview published on Sunday. “The more tightening that people feel motivated to…

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Musk says Twitter will limit how many tweets users can read

(Reuters) -Twitter is limiting how many tweets per day various accounts can read, to discourage “extreme levels” of data scraping and system manipulation, Executive Chair Elon Musk said in a post on the social media platform on Saturday. Verified accounts were initially limited to reading 6,000 posts a day, Musk said, adding that unverified accounts…

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United Airlines CEO aims to avoid flight disruptions ahead of US Fourth of July holiday travel

By Anirudh Saligrama (Reuters) – United Airlines plans to make changes in flight operations to avoid weather-related disruptions ahead of the Fourth of July holiday travel, Chief Executive Officer Scott Kirby said on Saturday. Recent flight disruptions have raised new concerns about whether airlines are ready to handle the summer travel boom during the first…

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Fresh flight disruptions threaten US Fourth of July holiday weekend travel

By Doyinsola Oladipo and Rajesh Kumar Singh NEW YORK (Reuters) -The number of people traveling by air in the United States for the Fourth of July holiday is expected to surpass pre-COVID levels for the first time in four years, but recent flight disruptions raise fresh questions about airlines’ readiness to handle the summer travel…

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Hollywood actors extend contract talks, temporarily averting strike

By Lisa Richwine LOS ANGELES (Reuters) -Hollywood’s actors union and major Hollywood studios agreed on Friday to keep negotiating through mid-July, staving off the immediate threat of a second labor strike in the entertainment business this summer. The SAG-AFTRA union and the Alliance of Motion Picture and Television Producers (AMPTP) said they would extend their…

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China urges Netherlands to not abuse export control measures

BEIJING (Reuters) – China has urged the Netherlands to not hinder bilateral cooperation in the semiconductor industry and to not abuse export controls, China’s Ministry of Commerce said in a statement. The statement was made in response to questions from the media, it said. It also said the two countries have communicated frequently and at…

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Cambodia’s Hun Sen kicks off campaign for virtually unopposed election

PHNOM PENH (Reuters) – Cambodian Prime Minister Hun Sen on Saturday commenced his ruling party’s campaign for an election later this month – a poll that has been criticised as a sham after the main opposition party was prevented from running. The 70-year-old strongman, who has ruled the Southeast Asian nation of 16 million for…

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Sandoz launches rival version of AbbVie’s arthritis drug Humira

(Reuters) – Swiss drugmaker Sandoz said on Saturday it had launched a biosimilar version of AbbVie Inc’s big selling arthritis treatment Humira, adding to U.S. competition for the drug that started in January. The Novartis-owned company said its drug, Hyrimoz, will be priced at a 5% discount off Humira’s current list price of $6,922 per…

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