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Smoke rises from nearby Israeli strikes as seen from a tent camp sheltering displaced Palestinians in the Gaza Strip. REUTERS/Ibraheem Abu Mustafa
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- Two US fighter jets struck weapons and ammunition facilities in Syria in retaliation for attacks on US forces by Iranian-backed militia as concerns grew that the Israel-Hamas war may spread. President Joe Biden ordered strikes on facilities used by Iran’s Revolutionary Guard Corps and groups that it backs.
- Another eight trucks carrying food, medicine and water are expected to cross into the Gaza Strip today, a senior United Nations official said, as a combination of technical, political and security issues were hindering deliveries. Officials are grappling with the issue of deciding how to distribute the scant aid.
- Biden and his team have markedly shifted their tone on the Israel-Hamas crisis in recent days, moving from unfettered support of Israel to emphasizing the need to protect Palestinian civilians in Gaza ahead of a looming Israeli ground invasion.
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- Police in Maine extended their search for a suspected mass shooter into the early hours of this morning, as the US Army reservist eluded a manhunt following the bar and bowling alley massacres that killed 18 people. Reuters’ Richard Valdmanis talks to our daily podcast about the mood on the ground. Listen here.
- Striking Hollywood actors have passed a comprehensive counter-offer to the Alliance of Motion Picture and Television Producers, the SAG-AFTRA actors’ union said. Negotiators for SAG-AFTRA and AMPTP, which represents Walt Disney, Netflix and other media companies, meet again today.
- Chinese former Premier Li Keqiang died of a heart attack, barely seven months after retiring from a decade in office during which his reformist star had dimmed. He was 68. Once viewed as a top Communist Party leadership contender, Li was sidelined in recent years by President Xi Jinping.
- Malaysia’s royal families elected the powerful and outspoken Sultan Ibrahim Sultan Iskandar from the southern state of Johor to be the country’s next king. The king plays a largely ceremonial role in Malaysia, but the monarchy has become more influential in recent years.
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- Small and medium-sized companies in Germany are turning to automation as the gradual exit from the workplace of baby boomers tightens the labor squeeze. According to the International Federation of Robotics around 26,000 units were installed in the country last year.
- Healthcare companies who profit from treating obese and overweight patients are trying to convince investors that powerful new weight-loss drugs won’t shrink their businesses. The global market for obesity drugs could reach as much as $100 billion within a decade due to the effectiveness of Wegovy and similar medicines.
- General Motors’ driverless car unit Cruise said it will suspend all operations after California regulators this week ordered the robotaxi operator to remove its driverless cars from state roads. California’s Department of Motor Vehicles said Cruise driverless vehicles were a risk to the public.
- Boeing’s defense business is proving harder to turn around than executives initially predicted, with supplier errors and high manufacturing costs contributing to $1.7 billion in losses this year on programs like the next Air Force One and NASA’s Starliner capsule.
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- Sundar Pichai, chief executive of Alphabet and its subsidiary Google, will testify Monday in the once-in-a generation antitrust fight over Google’s dominance of search and some parts of search advertising.
- Apple headlines another busy week of US corporate earnings, reporting on Thursday. Consumers’ spending habits will also be on display with other companies set to report include McDonald’s on Monday, Caterpillar and Pfizer on Tuesday, Mondelez on Wednesday, and Starbucks and Eli Lilly on Thursday.
- A bruised US stock market will turn its attention to the Fed monetary policy meeting on Wednesday, with investors eager to hear policymakers’ views on the state of the economy and the outlook for interest rates.
- The Bank of Japan will face growing pressure at its policy meeting to shift further away from its controversial bond yield control, amid rising global bond yields and persistent inflation.
- The Bank of England looks set to keep interest rates on hold but also stress that it is far from relaxing its fight against Britain’s high inflation rate. Here’s what else investors will be watching in the week ahead.
- Asia’s first Gay Games will be held in Hong Kong, in what organizers hope will stoke public debate and awareness of LGBT rights in one of Asia’s leading financial hubs. The Games will open on Nov 3 and run till Nov 11.
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With an uncertain future, will Disney pull off yet another magic trick?
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As Walt Disney Studios turns 100, investors worry it’s beginning to show its age. The share price dropped to its lowest level in nearly nine years as the company stumbles in the age of streaming. But adapting to the times is not a new challenge, rather it’s been a point of survival throughout the company’s history.
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Paul McCartney and Ringo Starr perform in Los Angeles. REUTERS/Mario Anzuoni/File Photo
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Fans of the Beatles might just twist and shout in joy. A new Beatles song will be released next week, featuring the voice of late member John Lennon and developed using AI. Called “Now and Then,” it also features parts recorded by Paul McCartney and Ringo Starr as well as the late George Harrison.
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/BF4YNNHFERKRBAJXEYABTNIKAY.jpg "US strikes Iranian targets in Syria 44")
/cloudfront-us-east-2.images.arcpublishing.com/reuters/EFIY37DP5ZO3PGGQDOPHVYHREU.jpg "US strikes Iranian targets in Syria 50")
