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Governor of the Bank of England Andrew Bailey speaks as he attends a press conference for the Monetary Policy Report August 2023, at the Bank of England in London, Thursday, August 3, 2023. "But I think we are much nearer to it on interest rates on the basis of current evidence." It is expected to raise borrowing costs again later this month, taking Bank Rate to 5.5%. In May, Bailey told the same panel of lawmakers that the BoE was "nearer" to the peak in interest rates. After that, the central bank increased Bank Rate in June and in August.
Persons: Bank of England Andrew Bailey, Alastair Grant, Andrew Bailey, we're, we've, Bailey, BoE, I've, Jon Cunliffe, Cunliffe, Swati Dhingra, Dhingra, Farouq Suleiman, Suban Abdulla, Kylie MacLellan, William Schomberg, Sharon Singleton Organizations: Bank of England, Monetary, Companies Bank of England, Treasury, Thomson Locations: London, British
A rainbow is seen over apartments in Wandsworth on the River Thames as UK house prices continue to fall, in London, Britain, August 26, 2023. A senior official at the Office for National Statistics asked Britain's statistics regulator to review the outcome of its upcoming work on how it revised its estimates of the swings in the economy around the coronavirus pandemic period. The ONS collects a lot of data itself through surveys of businesses and households, but relies on government departments and other agencies for certain numbers. On Friday, revised data from the ONS showed that Britain's economy performed more strongly than previously thought in its recovery from the pandemic and was ahead of other big European countries at the end of 2021 rather than lagging behind them. Reporting by William Schomberg; editing by David MillikenOur Standards: The Thomson Reuters Trust Principles.
Persons: Kevin Coombs, Michael Keoghan, William Schomberg, David Milliken Organizations: REUTERS, Office, National Statistics, Statistics, Thomson Locations: Wandsworth, London, Britain
[1/3] U.S. President Joe Biden gestures while boarding Air Force One as he departs for Philadelphia, Pennsylvania from Dover, Delaware, U.S., September 4, 2023. Inflation by the Fed's preferred gauge, however, has moved down to 3.3% from its peak of 7% last summer. U.S. job growth picked up in August, but the unemployment rate jumped to 3.8% and wage gains moderated, according to data released by the Labor Department last week. The White House notes inflation-adjusted income is up 3.5% since Biden came into office in January 2021, with lower-wage workers benefiting, and the unemployment rate is close to a 50-year low. Pennsylvania and a handful of other political battleground states that fluctuate between supporting Democrats and Republicans in presidential elections will help determine who leads the country after next year.
Persons: Joe Biden, Joshua Roberts, Biden, Donald Trump, Jerome Powell, Jeff Mason, Mary Milliken, Deepa Babington Organizations: Air Force, REUTERS, Labor, Florida, Hurricane Idalia, Democrat, AFL, White, Republicans, Democratic, Labor Department, Milwaukee Journal, Sentinel, Reuters, Pennsylvania, Thomson Locations: Philadelphia , Pennsylvania, Dover , Delaware, U.S, REHOBOTH BEACH , Delaware, Philadelphia, Delaware, Pennsylvania, what’s
U.S. Secretary of Commerce Gina Raimondo attends a press conference at the Boeing Shanghai Aviation Services near the Shanghai Pudong International Airport, in Shanghai, China August 30, 2023. "China is making it more difficult," Raimondo told CBS's Face the Nation. "I was very clear with China that we need to - patience is wearing thin among American business. "They suggested that they didn't know about it and they suggested that it wasn't intentional," she told CNN. And certainly they're having real, real significant challenges in the real estate sector," she told Face the Nation.
Persons: Gina Raimondo, Aly, China, Raimondo, CBS's, " Raimondo, Diane Bartz, Phil Stewart, Mary Milliken, Deepa Babington Organizations: Boeing Shanghai Aviation Services, Shanghai Pudong International Airport, REUTERS, Garden Holdings, WASHINGTON, . Commerce, CNN, HK, Thomson Locations: Shanghai Pudong, Shanghai, China, Washington, Canada, Mexico, Beijing, Southeast Asia, U.S
Prices dropped by 0.8% in August alone, the largest monthly fall since March, after a 0.3% decline in July, Nationwide's figures showed. The Bank of England has raised interest rates 14 times since December 2021 to 5.25%, and financial markets expect another rate increase this month to 5.5%. However Andrew Wishart, senior property economist at Capital Economics, said he expected house prices had another 5% to fall, taking the total peak-to-trough decline to 10.5%. "We think the August data marks the start of a significant further drop in house prices," he said, pointing to weakness in the latest Royal Institution of Chartered Surveyors survey, which shows the most widespread price falls since 2009. The poll showed respondents expected house prices to be unchanged in 2024 and to rise just over 3% in 2025.
Persons: Alishia, Robert Gardner, Gardner, Andrew Wishart, David Milliken, Sarah Young, Mike Harrison Organizations: REUTERS, Nationwide, The Bank of England, BBC, Capital Economics, Royal Institution, Chartered Surveyors, Thomson Locations: South London, Britain
VENICE, Aug 31 (Reuters) - U.S. actor Adam Driver, in Venice to promote his new film "Ferrari", criticised streaming services Netflix (NFLX.O) and Amazon (AMZN.O) on Thursday for not giving into demands by actors' and writers' unions in a strike that has hobbled the entertainment industry. Representatives for Netflix and Amazon did not immediately respond to a request for comment. Driver has been closely associated with Netflix in the past, representing two of their films in previous Venice festivals - "White Noise" in 2022 and "Marriage Story" in 2019. Writers have been on strike since May while actors walked off the job in July. "People who worked on 'Ferrari' made it by forgoing large percentages of their salaries, in the case of Adam and myself.
Persons: Adam Driver, Ferrari, Michael Mann, Adam, Mann, Małgorzata Wojtunik, Mary Milliken, Bill Berkrot Organizations: VENICE, Netflix, SAG, Amazon, Thomson Locations: Venice, Hollywood, Los Angeles
UK consumers slow pace of borrowing as costs mount
  + stars: | 2023-08-30 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Aug 30 (Reuters) - British consumers increased their borrowing by less than expected in July in a possible sign of caution among households as borrowing costs rise, Bank of England data showed on Wednesday. Unsecured lending to consumers rose by 1.191 billion pounds ($1.51 billion) in net terms, less than the 1.3-billion-pound increase which was the median forecast in a Reuters poll of economists, and down from the 1.637 billion pounds rise in June. The pace of growth in consumer credit over the 12 months to July slowed to 7.3%, the slowest increase since December last year. The BoE has raised interest rates 14 times in a row since December 2021 to tackle an inflation rate which was running at almost 7% in July. ($1 = 0.7913 pounds)Reporting by William Schomberg; editing by David Milliken and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: BoE, William Schomberg, David Milliken, Bernadette Baum Organizations: Bank of, Thomson
REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Aug 30 (Reuters) - The number of house purchases in Britain this year is on course to drop by 21% to its lowest since 2012 as a result of rising borrowing costs, property website Zoopla forecast on Wednesday. "While UK house prices are 0.1% higher over the year, it is the number of sales that have been hit hardest by higher borrowing costs, especially amongst mortgage-reliant buyers," Zoopla's executive director, Richard Donnell, said. Zoopla forecast that house purchases funded by mortgages would drop 28% this year, while cash buyers would fall just 1% and account for more than a third of sales. The most recent official data showed that there were 22% fewer house purchases in the three months to the end of June than a year earlier. Zoopla provides property valuations and also advertises more than 1 million properties for sale or to rent.
Persons: Toby Melville, Richard Donnell, BoE, David Milliken, Alex Richardson Organizations: REUTERS, Thomson Locations: Bristol, Britain
Record numbers of migrants have crossed the U.S.-Mexico border illegally since President Joe Biden, a Democrat, took office in 2021, including many from distant nations. Of the nearly 2 million migrants encountered at the U.S.-Mexico border between October 2022 and July 2023, 216 were on U.S. watchlists for potential links to terrorism, according to U.S. government statistics. U.S. authorities have no indication that migrants aided by the smuggling network were tied to extremist groups or plotting terrorist attacks, Watson said. Watson did not confirm links to the Islamic State specifically or that the smuggler was based in Turkey. U.S. Customs and Border Protection encountered some 3,200 Uzbeks at U.S borders in fiscal year 2022, up from fewer than 700 a year earlier.
Persons: Joe Biden, Biden, Donald Trump, Adrienne Watson, Watson, Ted Hesson, Humeyra Pamuk, Mica Rosenberg, Lizbeth Diaz, Mary Milliken, Andy Sullivan Organizations: Texas Army National Guard, U.S, CNN, Democrat, Republicans, Republican, White, National Security, Migrants, FBI, . Customs, Protection, Thomson Locations: Rio, Eagle Pass , Texas, U.S, Mexico, WASHINGTON, Turkey, State, United States, Washington, New York, Mexico City
UK retail sales slide by most in over two years: CBI
  + stars: | 2023-08-24 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Aug 24 (Reuters) - British retail sales fell in August at the fastest rate since March 2021 and most stores are expecting another tough month ahead, an industry survey showed on Thursday. The Confederation of British Industry's monthly balance of retail sales, which compares volumes with a year ago, fell to -44 in August from -25 in July. Expectations for the month ahead improved to -21 from -32, but were still deeply negative. The quarterly business situation balance - a gauge of sentiment among retailers - fell to -14 from +6 in May, the lowest reading this year. The CBI data echoed industry data earlier this week that showed sales growth at British supermarkets slowed in August, reflecting lower inflation as well as a hit to demand from unsettled, unseasonably wet weather.
Persons: Martin Sartorius, NIQ, Andy Bruce, David Milliken Organizations: British, CBI, Thomson
Lower inflation boosts UK consumer mood: GfK
  + stars: | 2023-08-24 | by ( ) www.reuters.com   time to read: +2 min
FILE PHOTO-Shoppers walk past sale signs on Oxford Street, as Britain struggles with the highest inflation rate among the world's big rich economies, London, Britain, 17 July 2023. The GfK consumer sentiment indicator rose to -25 in August from a three-month low of -30 in July, its biggest rise since April although still below the average of -10 for the survey, which has been running since 1974. Consumer price inflation dropped to 6.8% in July, down from a 41-year high of 11.1% reached in October 2022, although still higher than in all other major economies. The improvement in the GfK survey contrasts with other recent downbeat data on consumer spending. The GfK data was based on a survey of 2,001 people conducted between Aug. 1 and Aug. 10.
Persons: Rachel Adams, Joe Staton, David Milliken, Andy Bruce Organizations: Oxford, REUTERS, Reuters, of England, NIQ, Office, National Statistics, Thomson Locations: Britain, London
The BoE said earlier this month it only saw inflation falling below 4% from the second quarter of 2024. The PMI survey recorded the slowest growth in output prices since February 2021. Manufacturers - who make up 10% of Britain's economy - reported the biggest fall in output prices since February 2016, echoing wider weakness in the sector. "Companies are reporting reduced orders for goods and services as demand is increasingly hit by the cost-of-living crisis, higher interest rates, export losses and concerns about the economic outlook," Williamson said. Manufacturers said this fall appeared to be an attempt to reduce the need for working capital at a time of rising interest rates.
Persons: Carl Recine, BoE, Queen, Chris Williamson, Sterling, James Smith, P's Williamson, Williamson, David Milliken, William Schomberg, Hugh Lawson Organizations: REUTERS, PMI, P, P Global Market Intelligence, Bank of England, ING, Manufacturers, Thomson Locations: Altrincham, Britain
[1/5] Protesters gather near the Tennessee State Capitol building ahead of a special session on public safety to discuss gun violence in the wake of the Covenant School shooting in Nashville, Tennessee, U.S., August 21, 2023. REUTERS/Seth Herald Acquire Licensing RightsAug 21 (Reuters) - Tennessee lawmakers on Monday opened a special session focused on public safety that was sparked by a deadly school shooting earlier this year, as hundreds of protesters marched on capitol grounds demanding change. Hundreds of protesters demanding tougher gun laws arrived at the Tennessee capitol in Nashville. Lee called the special session in response to the murder of three children and three staff members at The Covenant School in March in Nashville. The shooting triggered intense protests at the state capitol and led to the expulsion of two Democratic lawmakers after they helped lead protests from the House floor.
Persons: Bill Lee, Lee, Nashville Mayor John Cooper, Brad Brooks, Mary Milliken, Stephen Coates Organizations: Protesters, Tennessee State Capitol, Covenant School, REUTERS, Seth, Monday, Republican, Constitutional, The Covenant School, Nashville Mayor, Thomson Locations: Nashville , Tennessee, U.S, Tennessee, Nashville, Longmont , Colorado
UK sees surge in interest from non-EU job hunters
  + stars: | 2023-08-21 | by ( David Milliken | ) www.reuters.com   time to read: +3 min
Workers walk through the Canary Wharf financial district, ahead of a Bank of England decision on interest rate changes, in London, Britain, August 3, 2023. EU-based job seekers accounted for 1.4% of Indeed's UK job searches in June - down slightly from before Brexit - while non-EU interest has more than doubled to 4.1% of searches. The UK government phased out most EU nationals' unrestricted right to move to Britain to work after Brexit. Canada and Australia have seen foreign-origin job searches roughly double since 2019 to 10.9% and 17.2% of total job searches for those countries respectively, according to Indeed, which claims 330 million unique visitors each month. By contrast, the figures for overseas job hunters targeting the United States and the EU were 3.4% and 2.7% respectively, both barely changed from before the pandemic, according to Indeed.
Persons: Toby Melville, Pawel, Adrjan, David Milliken, Andy Sullivan Organizations: Bank of, REUTERS, European Union, EU, Bank of England, Thomson Locations: Bank of England, London, Britain, Europe, East, Africa, Brexit, India, Nigeria, South Africa, Pakistan, Canada, Australia, United States
Meadows seeks dismissal of Georgia charges against him
  + stars: | 2023-08-20 | by ( ) www.reuters.com   time to read: +2 min
White House Chief of Staff Mark Meadows speaks to reporters following a television interview, outside the White House in Washington, U.S. October 21, 2020. REUTERS/Al Drago/File Picture Acquire Licensing RightsWASHINGTON, Aug 20 (Reuters) - Former White House Chief of Staff Mark Meadows is asking a federal court to dismiss Georgia state criminal charges against him stemming from former President Donald Trump's efforts to overturn the 2020 U.S. presidential election, according to a court document. Meadows claims that his alleged actions, including participating with Trump in a phone call to Georgia Secretary of State Brad Raffensperger, should be immune from state prosecution because they were performed in his capacity as a federal official. "The conduct charged here falls squarely within the scope of Mr. Meadows's duties as chief of staff and the federal policy underlying that role," Meadows' attorneys said in the filing. The document also claimed protection for Meadows under the First and 14th amendments to the Constitution.
Persons: Mark Meadows, Al Drago, Donald Trump's, Meadows, Brad Raffensperger, Trump's, Joe Biden, Trump, Fulton, Raffensperger, David Morgan, Mary Milliken, Mark Porter Organizations: White, REUTERS, Rights, White House, Trump, Georgia, Constitution, Democratic, Thomson Locations: Washington , U.S, Georgia, U.S, Meadows, North Carolina, Georgia's Fulton County, Trump
[1/2] Republican presidential candidate and former U.S. President Donald Trump speaks as he campaigns at the Iowa State Fair in Des Moines, Iowa, U.S. August 12, 2023. REUTERS/Evelyn Hockstein Acquire Licensing RightsWASHINGTON, Aug 20 (Reuters) - A prominent U.S. Senate Republican on Sunday said former President Donald Trump should drop out of the 2024 Republican White House race, arguing that Trump cannot win a general election contest against Democratic President Joe Biden. Asked if Trump should drop out of the presidential race, the Louisiana Republican told CNN's "State of the Union" program: "I think so. Trump is the leading Republican presidential candidate despite mounting legal woes that include four criminal indictments, one of which involves his handling of U.S. classified documents after he left the White House in 2021. I think Joe Biden needs to be replaced but I don't think Americans will vote for someone who's been convicted.
Persons: Donald Trump, Evelyn Hockstein, Trump, Joe Biden, Bill Cassidy, CNN's, Cassidy, who's, Florida Governor Ron DeSantis, Tucker Carlson, David Morgan, Mary Milliken, Mark Porter Organizations: Republican, Fair, REUTERS, Rights, U.S, Senate Republican, Sunday, Republican White House, Democratic, Republicans, Trump, Louisiana Republican, Union, White House, Reuters, Florida Governor, Fox News, Thomson Locations: Iowa, Des Moines , Iowa, U.S, Louisiana
A sign at the site of the destroyed Pioneer Hotel and Pioneer Theater is seen after wildfires driven by high winds burned across most of the town in Lahaina, Maui, Hawaii, U.S. August 10, 2023. The wildfires incinerated the town of Lahaina on Aug. 8, destroying 2,200 homes and businesses and leaving hundreds unaccounted for. Biden has faced criticism from Republicans for not speaking publicly about the tragedy until five days after it occurred. Criswell said she was in communication in the days that followed the wildfires, helping Biden understand the magnitude of the situation and what resources were needed. Some will be too traumatized to attend when their schools in Lahaina reopen while some parents will opt to move rather than rebuild.
Persons: Deanne Criswell, Joe Biden, Criswell, Biden, Jonathan Allen, Brendan O'Brien, David Morgan, Mary Milliken, Matthew Lewis Organizations: Pioneer, Hawai'i Department of Land, Natural Resources, REUTERS Acquire, . Federal Emergency Management Agency, Reuters Graphics Reuters, Reuters, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Kihei, Chicago, Washington
SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Sunset Bronson studios and Netflix offices in Los Angeles, California, U.S., August 11, 2023. Writers went on strike May 2 over an impasse on compensation, minimum staffing in writers' rooms, residual payments and other issues. Officials familiar with the specifics of the studios' proposal declined to provide details. The AMPTP had rejected as a "hiring quota" the WGA's demand for minimum staffing of writers' rooms. Writers have proposed curbs on the generative artificial intelligence, a complex topic the studios saw as requiring "a lot more discussion."
Persons: Mario Anzuoni, Writers, AMPTP, Dawn Chmielewski, Mary Milliken, Cynthia Osterman, Gerry Doyle Organizations: Writers Guild of America, Netflix, REUTERS, Companies Comcast Corp, Paramount, Writers ' Guild of America, Alliance, Television Producers, Walt Disney, Warner Bros Discovery, Reuters, Bloomberg, WGA, Screen Actors Guild, Thomson Locations: Sunset Bronson, Los Angeles , California, U.S, Los Angeles
REUTERS/Mike Blake/File PhotoLOS ANGELES, Aug 15 (Reuters) - Xolo Mariduena quickly learned that he and his character in the latest DC Studios film "Blue Beetle" have one big thing in common — they cannot hide anything from their families. "There's no hiding from mom and dad that I'm Blue Beetle. "Blue Beetle" arrives in theaters on Friday and also features comedian George Lopez as Uncle Rudy and Susan Sarandon as the main villain. Last week, Variety reported that 27 Latino Hollywood organizations signed an open letter calling on the community to amplify Latino work, especially "Blue Beetle." Mariduena believes that "Blue Beetle" is "just the first step" to hopefully open the door for other Latino superheroes to reach the big screen.
Persons: Mike Blake, Mariduena, Kai, Jaime Reyes, Jaime, George Lopez, Uncle Rudy, Susan Sarandon, Angel Manuel Soto, Gareth Dunnet, Soto, Danielle Broadway, Rollo Ross, Mary Milliken, Rosalba O'Brien Organizations: REUTERS, DC Studios, Reuters, Screen Actors Guild, Palmera City, Puerto, Warner Bros, Variety, Hollywood, Thomson Locations: Los Angeles , California, U.S, Palmera, Puerto Rican
Pay expectations in the public sector rose to 4%, the highest recorded by the CIPD, from 3.3%. Growth in earnings excluding bonuses - which typically runs slightly higher than pay settlements - was an annual 7.3% in the three months to May. The CIPD said businesses were also becoming more likely to match or exceed pay offers by rivals for their staff. However, almost a third of employers believed counteroffers were ineffective at keeping staff. "For some employers, counteroffers may only be valuable as a short-term option and ... employees will move if wider aspects of the job, such as workload, autonomy and environment, don't meet their expectations," the CIPD said.
Persons: Rishi Sunak, BoE, David Milliken, William Schomberg Organizations: Chartered Institute, Personnel, Private, of England, Data, Thomson
Official data on Friday showed the economy grew 0.2% in the second quarter, against the consensus for a flat reading in a Reuters poll of economists. The strong showing bolstered bets that the BoE would keep on raising interest rates, given the central bank stressed this month that resilience in the economy was one of the factors that would underpin its judgement. The central bank itself had pencilled in growth of 0.1% for the second quarter. "With much of the drag from higher interest rates still to come, we are sticking to our below-consensus forecast that the UK is heading for a mild recession later this year," said economist Ruth Gregory from consultancy Capital Economics. Reporting by Andy Bruce and David Milliken; editing by William James, Kate Holton and Christina FincherOur Standards: The Thomson Reuters Trust Principles.
Persons: Sterling, BoE, Neil Birrell, Jeremy Hunt, Ruth Gregory, Andy Bruce, David Milliken, William James, Kate Holton, Christina Fincher Organizations: Bank of England, U.S ., Reuters, Bank of, Miton, National Statistics, Manufacturing, Reuters Graphics, Capital Economics, Thomson Locations: Bank of England, Britain, Germany, France, Italy, United States
LOS ANGELES, Aug 10 (Reuters) - Negotiators for striking Hollywood writers and the major studios will return to the bargaining table on Friday, the Writers Guild of America (WGA) said as the strike marked more than 100 days. Both sides met on Aug. 4 to discuss resuming talks and the issues each intended to bring to the bargaining table. But the WGA put out a statement afterwards critical of the studios, a sign that talks were strained. Disney Chief Executive Bob Iger on Wednesday extended an olive branch to Hollywood writers and actors, citing his “deep respect” for creative professionals. Iger, who has a reputation as talent-friendly, angered striking Hollywood workers last month when he said that their demands were "not realistic."
Persons: Bob Iger, Iger, Dawn Chmielewski, Mary Milliken, Cynthia Osterman Organizations: Writers Guild of America, Alliance, Television Producers, Walt Disney, Netflix, Warner Bros Discovery, WGA, Disney, Actors Guild, SAG, Thomson Locations: Los Angeles
[1/5] Cattle move throughout a pasture during a heat wave, on rancher David Henderson's ranch property, in Tennessee Colony, Texas, U.S. August 3, 2023. REUTERS/Evan GarciaTENNESSEE COLONY, Texas, Aug 10 (Reuters) - The brown and black cattle of Texas, beloved symbols of the Lone Star state, walk through desiccated grass and stand in shrunken watering holes while their ranchers struggle to get them enough food. Henderson, 62, manages a herd of about 150 cows in Tennessee Colony in East Texas, and said he sold roughly 30 cows in 2022 due to the drought. Texas State Climatologist John Nielsen-Gammon predicts extreme heat spurred by global warming will become the norm. And that, in addition, means that the heat extremes will be that much hotter and that much more severe."
Persons: David Henderson's, Evan Garcia TENNESSEE, David Henderson, Henderson, John Nielsen, Gammon, Nielsen, Jimmy Reed, Reed, Corey Davis, Davis, Evan Garcia, Mary Milliken, Rosalba O'Brien Organizations: REUTERS, Lone Star, Texas Farm Bureau, Texas State, Tennessee Colony, Thomson Locations: Tennessee Colony , Texas, U.S, Texas, Tennessee Colony, East Texas, Tennessee
[1/2] SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. The growth of artificial intelligence has been a key issue for union members, who fear that it could replace their creative input. "Nothing is more important to this company than its relationships with the creative," Iger said on a call discussing Disney's quarterly results on Wednesday. Iger, who returned to Disney as CEO last year, did not say how he would help bring the strikes to an end. Under Iger, Disney has created a task force to study artificial intelligence and how it can be applied across the company, Reuters reported on Tuesday.
Persons: Mike Blake, Walt Disney, Bob Iger, Iger, Bryan Cranston, Danielle Broadway, Dawn Chmielewski, Mary Milliken, Leslie Adler Organizations: Writers Guild of America, Disney Studios, REUTERS, Hollywood, Disney, SAG, Reuters, Thomson Locations: Burbank , California, U.S, Iger
[1/3] Workers and supporters of the Writers Guild of America protest outside Universal Studios Hollywood in the Universal City area of Los Angeles, California, U.S., May 3, 2023. REUTERS/Mario Anzuoni//File PhotoLOS ANGELES, Aug 9 (Reuters) - The Hollywood writers' strike marks 100 days on Wednesday with contract talks stalled and people on the picket lines protesting what they describe as a disregard for their demands. Writers also sought to regulate the use of artificial intelligence, which they fear could replace their creative input. Reuters reported that Disney has created a task force to study artificial intelligence and how it can be applied across the entertainment conglomerate, signaling its importance. "When it comes to artificial intelligence, it is an existential crisis.
Persons: Mario Anzuoni, David Zaslav, Dawn Prestwich, Prestwich, assailing, Bob Iger, we're, Jamey Perry, Steven J, Ross, Dawn Chmielewski, Danielle Broadway, Mary Milliken, Sandra Maler Organizations: Workers, Writers Guild of America, Universal Studios Hollywood, REUTERS, Hollywood, Entertainment, Warner Bros Discovery, Screen Actors Guild, SAG, WGA, Alliance, Television Producers, Hope, Walt Disney, Reuters, Disney, University of Southern, Thomson Locations: Universal City, Los Angeles , California, U.S, Hollywood, University of Southern California, Los Angeles
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