Netflix faced fierce criticism on Friday over its blockbuster deal to acquire Warner Bros., the storied Hollywood studio. The deal's biggest loser may be Warner Bros. competitor Paramount Skydance, the Hollywood studio owned by Larry Ellison, one of the world's richest people and a close ally of US President Donald Trump.
The President of GUTA, Dr Joseph Obeng, says the current economic challenges in the country will have a negative toll on this year's Christmas festivities.
Australia's world-beating mining firms are flush with cash and desperate for staff but green-minded workers are shunning the high-paying sector, causing serious staff shortages, the government warned Wednesday. But this year the Australian Resources and Energy Employer Association warned the sector needed an extra 24,000 new workers over the next five years.
Asian stocks sank again Wednesday while the dollar held gains against the yen and sterling as the volatility that has characterised markets for most of the year showed no sign of letting up. The desire to find a safe place to invest also pushed the greenback to a new 24-year high against the yen, breaking the level touched last week when Tokyo stepped into the market to support the Japanese unit.
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