By Lisa Richwine and Rollo Ross LOS ANGELES (Reuters) -Striking film and television writers met with union leadership on Wednesday, the second day of a work stoppage that has thrown Hollywood into disarray as the industry deals with changes brought on by the streaming TV boom. Members of the Writers Guild of America (WGA) turned…
By Brendan Pierson NEW YORK (Reuters) -A jury will now decide whether British singer-songwriter Ed Sheeran ripped off Marvin Gaye’s “Let’s Get It On” after hearing closing arguments on Wednesday in a week-long copyright trial. Sheeran’s lawyer, Ilene Farkas, told the jurors in Manhattan federal court that similarities in the chord progressions and rhythms of…
(Reuters) – The U.S. Federal Reserve on Wednesday raised interest rates by a widely expected 25 basis points and dropped from its policy statement language saying that it “anticipates” further rate increases would be needed. The Fed Funds target rate now stands in the 5%-5.25% range, following 500 bps of hikes since March 2022. Money…
By Marwa Rashad LONDON (Reuters) – Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe, the International Energy Agency (IEA) said on Thursday. The European and global gas markets suffered a major supply shock in 2022 when Russia reduced its pipeline gas…
By Fransiska Nangoy, Stefanno Sulaiman JAKARTA (Reuters) -Indonesia has cut tax incentives to limit investment in lower quality nickel products as it aims to extract as much value as possible from its rich nickel reserves and push for further downstream investment, a cabinet minister said on Wednesday. The government is aiming for around $95 billion…
MELBOURNE (Reuters) -Albemarle has agreed to double the capacity at its lithium hydroxide processing operations in Western Australia to 100,000 tonnes by 2026 and spend around $1.5 billion to build two more trains at the facility, Albemarle said on Wednesday. Construction is expected to start immediately at Albemarle’s Kemerton operations south of Perth, with the…
By Ross Kerber (Reuters) – Median pay for top U.S. CEOs rose 7.7% last year to a record $22.3 million, a new study found, as big stock awards helped the group stay ahead of inflation while U.S. workers’ pay fell behind. Among those receiving big pay increases were the CEOs of Jefferies Financial Group and…
By Humeyra Pamuk WASHINGTON (Reuters) – U.S. citizen Jose Pereira, who was “wrongfully detained” in Venezuela exactly one year ago, stood meters away from the White House on Wednesday and pleaded with U.S. President Joe Biden to step up efforts to bring home Americans detained abroad. Pereira was among the executives who worked for U.S….
(Reuters) – Western Alliance Bancorp said on Wednesday it had not experienced unusual deposit outflows following the sale of collapsed lender First Republic Bank to JPMorgan Chase & Co, as the U.S. regional bank sought to reassure investors. Phoenix-based Western Alliance said its total deposits were $48.8 billion as of Tuesday, up from $48.2 billion…
By Andrea Shalal WASHINGTON (Reuters) – Oklahoma is seeing a sharp increase in foreign investment interest, especially in its renewable energy sector, and is on the cusp of signing large new deals with firms in Switzerland and Asia, Governor Kevin Stitt told Reuters on Wednesday. Stitt said Oklahoma, which just signed a trade agreement with…
