Explainer-Hollywood actors’ strike: How will it hit TV shows and movies?

LOS ANGELES (Reuters) – Thousands of Hollywood film and television actors voted to strike on Thursday, joining writers who walked off the job 11 weeks ago. How will a walkout by the Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA) affect viewers’ favorite shows and movies? Which films and television…

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Exxon to buy Denbury for $4.9 billion in carbon storage bet

By Sabrina Valle and Arunima Kumar HOUSTON (Reuters) -Exxon Mobil Corp on Thursday agreed to buy Denbury Inc for $4.9 billion to accelerate its energy transition business with an established carbon dioxide (CO2) sequestration operation. The acquisition, which sent both companies’ shares lower, gives Exxon ready-made CO2 transportation and highlights its bets on making carbon…

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Chip wars: How ‘chiplets’ are emerging as a core part of China’s tech strategy

By Jane Lanhee Lee and Eduardo Baptista (Reuters) – The sale of struggling Silicon Valley startup zGlue’s patents in 2021 was unremarkable except for one detail: The technology it owned, designed to cut the time and cost for making chips, showed up 13 months later in the patent portfolio of Chipuller, a startup in China’s…

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Strike at Canada’s Pacific ports ends with tentative, 4-year deal

By Chris Helgren VANCOUVER, British Columbia (Reuters) -Dock workers at ports along Canada’s Pacific coast and their employers accepted a tentative wage deal on Thursday, ending a 13-day strike that disrupted trade at the country’s busiest ports and risked worsening inflation. “The British Columbia Maritime Employers Association (BCMEA) and International Longshore and Warehouse Union (ILWU)…

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Elon Musk launches AI firm xAI as he looks to take on OpenAI

(Reuters) -Elon Musk, the billionaire entrepreneur, launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team comprised of engineers from the same big U.S. technology firms that he hopes to challenge in his bid to build an alternative to ChatGPT. The startup will be led by Musk, already the CEO of electric car…

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AI startups bringing dollars but lean workforces to ailing San Francisco

By Anna Tong SAN FRANCISCO (Reuters) – In a frenzy unseen since the birth of social media in the early 2000s, investors are pouring billions into generative AI and fueling a startup boom in San Francisco. At the same time, they are fueling hopes that the nascent AI sector will help revive the city’s decaying downtown…

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Goldman Sachs is about to report its worst quarterly earnings in years – Semafor

(Reuters) – Goldman Sachs will report its worst quarterly earnings in years next week, with a return on equity in the low single digits, Semafor reported on Thursday citing people familiar with the matter. Writedowns on Goldman’s GreenSky consumer-lending business and on holdings of commercial real estate, are likely to exceed $2 billion, the report…

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EU bank unveils new fund worth 400 million euros to help rebuild Ukraine

By Gabriela Baczynska BRUSSELS (Reuters) – The European Union’s lending arm on Thursday unveiled a new fund worth 400 million euros ($447 mln) to spend on rebuilding Ukraine before the bloc’s longer-term reconstruction plan kicks in. Sixteen of the EU’s 27 countries said they would chip in to the European Investment Bank’s (EIB) Ukraine Trust…

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