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Hollywood braces for shutdown

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Hollywood braces for shutdown as TV and film writers agree to strike

Hollywood will come to a standstill this week.

Thousands of Hollywood TV and movie screenwriters are set to strike after talks with major studios over wages soured.

The Writers Guild of America strike is the first in 15 years and will see more than 9,000 writers – or nearly 98 per cent of voting members – walk out.

The strike could affect Tuesday’s late-night shows, while numerous forthcoming shows and films could face delays.

The last demonstration like this was in 2007, when writers went on strike for 100 days.

This came at a cost of about $2 billion for the industry.

Writers are clashing with the Alliance of Motion Picture and Television Producers – which represents the major studios, including Disney and Netflix.

They are demanding higher pay and a greater share of the profits from the modern streaming boom.

In a Tweet on Sunday evening, the Writers Guild of America said the decision was made after six weeks of negotiations produced a “wholly insufficient” response to “the existential crisis writers are facing”.

Speaking at the Met Gala, Olivia Wilde says she is united with the union. #trending #featured

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France receives lowest credit rating due to crisis

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.Banner

Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.

The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.

Political Instability

The new prime minister faces a divided parliament and must secure budget approval by October 7.

The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.


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Trump moves to fast-track removal of Fed governor Lisa Cook

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The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.

The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.

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ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

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ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


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