By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Hollywood’s writers union said its members could return to work on Wednesday while they decide whether to approve a three-year deal that provides pay raises and some protections around use of artificial intelligence among other gains. The Writers Guild of America (WGA) leadership voted unanimously to […]

By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Talk show producers started planning new episodes on Monday, the first steps to put Hollywood back to work after writers reached a tentative deal to end their nearly five-month strike. The Writers Guild of America (WGA), which represents roughly 11,500 film and television writers, reached […]

BEIJING (Reuters) – Even China’s population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country’s crisis-hit property market. China’s property sector, once the pillar of the economy, has slumped since 2021 when real […]

By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department on Friday is issuing final rules to prevent semiconductor manufacturing subsidies from being used by China and other countries deemed to pose American national security concerns. The regulation is the final hurdle before the Biden administration can begin awarding $39 billion in subsidies for semiconductor […]

By Richard Cowan WASHINGTON (Reuters) – A bipartisan group of lawmakers in the U.S. House of Representatives late on Wednesday announced they had embraced a framework for legislation providing stopgap funds to avert government shutdowns starting on Oct. 1. Without prompt action by Congress, existing money to fully operate a vast array of federal programs […]

By Dawn Chmielewski (Reuters) -Walt Disney said on Tuesday it would nearly double its capital expenditure for its parks business to about $60 billion over the next 10 years. Disney CEO Bob Iger and Josh D’Amaro, the company’s parks chief, announced the accelerated pace of investment at a gathering of Wall Street analysts and investors […]

By David Shepardson and Joseph White (Reuters) -The United Auto Workers union said it would announce on Friday more plants to strike if no serious progress was made in talks with Ford, General Motors and Chrysler-parent Stellantis, adding to pressure on the Detroit Three automakers. Ford <F.N> also faces a total strike at its smaller […]

By Abhijith Ganapavaram and Nathan Gomes (Reuters) -A strike by U.S. auto workers briefly hit shares of Ford Motor, General Motors and their suppliers on Friday on worries that the labor action at the factories that make some of the most profitable vehicles could hurt earnings. The walkouts will halt production at three factories of […]