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After playing to the coasts, Hollywood is leaning toward faith and family-based shows and films.Amazon and Netflix recently announced deals for faith-based content.The conservative shift comes as streamers try to make every dollar count but face cultural hurdles. This holiday season, Amazon MGM Studios is set to release “House of…
William Reeve is an entrepreneur who’s been angel investing for the past 25 years.When weighing up investment opportunities, he’s looking for founders who’ll listen well.Bad signs he shared were family members working together or a business model he doesn’t back. This as-told-to essay is based on a transcribed conversation with…
China’s thrifty consumers are boosting Asian companies with wallet-friendly offerings.Companies like Japan’s Saizeriya, Yum China, and Fast Retailing have recently reported strong sales.China is in a prolonged economic downturn, with once free-spending consumers now pinching pennies. China’s consumers are tightening up their belts, but not everyone’s a loser. Some companies…
Iran launched a massive missile attack on Israel on Tuesday. Iran, Israel, and other neighboring nations closed their airspaces, forcing flight diversions.Some Lufthansa flights returned to Frankfurt several hours into their journeys to India and Dubai. Iran launched a huge missile attack on Israel on Tuesday as tensions in the…
By Munsif Vengattil BENGALURU (Reuters) – Extensive damage from a fire at Tata Group’s Apple (NASDAQ:) iPhone component plant in southern India could hamper production ahead of a festive season sales surge, an industry watcher and a source said, forcing the U.S. firm’s suppliers to arrange critical parts from China…
By Joe Cash BEIJING (Reuters) – European firms in China doubt the government has a credible plan to boost demand in the ailing economy or will carry out long-promised reforms, diminishing their appetite to invest in the country, a European business lobby group said on Wednesday. The European Union Chamber…
SINGAPORE (Reuters) – Chip shares dragged Asian indexes lower on Wednesday and European futures fell after growth concerns drove the steepest selloff in a month on Wall Street and investors wiped $279 billion from the value of market darling chipmaker Nvidia (NASDAQ:). Oil hit year-to-date lows in Asia trade, the…
Boeing’s bad year isn’t over yet.According to the Federal Aviation Administration, an Alaska Airlines-operated Boeing 737-700 was forced to turn around on Sunday after one of its engines failed midair.The government agency said the Oakland-bound plane departed Seattle-Tacoma International Airport on Sunday afternoon but soon had to turn back after the…
By Eduardo Baptista, Fanny Potkin and Karen Freifeld BEIJING/SINGAPORE/NEW YORK (Reuters) – State-linked Chinese entities are using cloud services provided by Amazon (NASDAQ:) or its rivals to access advanced U.S. chips and artificial intelligence capabilities that they cannot acquire otherwise, recent public tender documents showed. The U.S. government has restricted…
By Arathy Somasekhar HOUSTON (Reuters) – oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the pandemic at a time when global oil demand remains sluggish. Crude oil exports from U.S. ports averaged about 4.2 million…
