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[1/2] A delivery worker of Zomato, an Indian food-delivery startup, prepares to leave to pick up an order from a restaurant in Mumbai, India, July 13, 2021. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsNov 29 (Reuters) - Chinese payments group Alipay launched a $400 million accelerated bookbuild to sell its stake in Indian food delivery giant Zomato (ZOMT.NS), according the deal's term sheet on Wednesday. The deal comes after Reuters reported on Tuesday that Alipay was planning to sell its 3.4% in Zomato through block deals on Indian stock exchanges. Reporting by Baranjot Kaur in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
Persons: Francis Mascarenhas, Alipay, Baranjot Kaur, Rashmi Organizations: REUTERS, Reuters, Thomson Locations: Mumbai, India, Zomato, Bengaluru
Portland Teachers' Union Reaches Tentative Deal to End Strike
  + stars: | 2023-11-27 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +1 min
(Reuters) - The union representing public school teachers in Portland, Oregon, reached a tentative deal with the public school district on Sunday, ending a nearly one-month-long strike that had forced scores of schools to close and kept students out of class. After months of negotiations, "we have tentatively agreed to a contract with the Portland Association of Teachers (PAT)," the Portland Public Schools District said in a post on Facebook. Prior to launching the strike on Nov. 1, the union had requested a 23% cost-of-living increase over the next three years, but the district countered with a 10.9% hike instead. The union members will need to ratify the terms, and the school board will also need to approve the full contract, which is expected in a Tuesday meeting, the school district said on Sunday. The students are expected to return on Monday and the school will start two hours late, it added.
Persons: Baranjot Kaur, Sherry Jacob, Phillips Organizations: Reuters, Portland Association of Teachers, Portland Public Schools, Facebook Locations: Portland , Oregon, Pacific Northwest, Oregon, Portland, Bengaluru
A smartphone is seen on a selfie stick in Manhattan, in New York City, New York U.S., February 11, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 21 (Reuters) - The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research. The data showed that global monthly smartphone sell-through volumes grew 5%, making October the first month to record year-on-year growth since June 2021, breaking the streak of 27 consecutive months of negative year-on-year growth. The global smartphone sales have been under stress for last two years affected by various issues starting with component shortages, inventory build-up and lengthening of replacement cycles, Counterpoint said in its report. "Following strong growth in October, we expect the market to grow year-on-year in the fourth quarter of 2023 as well, setting the market on the path to gradual recovery in the coming quarters," the market research firm said.
Persons: Andrew Kelly, Baranjot Kaur, Rashmi Organizations: New York City , New York U.S, REUTERS, Counterpoint Research, Thomson Locations: Manhattan, New York City , New York, East, Africa, China, India, Bengaluru
[1/2] Caesars Palace Las Vegas Hotel and Casino is seen on the Las Vegas Strip in Las Vegas, Nevada, U.S. February 26, 2018. REUTERS/Darrin Zammit Lupi/File Photo Acquire Licensing RightsNov 20 (Reuters) - Unions representing hospitality workers in Las Vegas said on Monday that thousands of members employed at Caesars Entertainment (CZR.O) have voted to ratify a new five-year contract. loadingThe Culinary Workers and Bartenders Unions had earlier this month reached a tentative deal with Caesars for a "historic" new contract for 10,000 employees. The unions had also reached agreements with Wynn Resorts (WYNN.O) and MGM Resorts International (MGM.N), the ratification votes for which are due in the next few days. The casinos reached the agreement with the unions just in time before the strike on Nov. 10, which had threatened to shut down the Las Vegas Strip.
Persons: Darrin Zammit Lupi, Baranjot Kaur, Nivedita Bhattacharjee Organizations: Las, REUTERS, Caesars Entertainment, Culinary Workers, Bartenders, Caesars, Wynn Resorts, MGM Resorts International, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, Bengaluru
Sam Altman will not return as CEO of OpenAI - The Information
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: 1 min
[1/2] Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsCompanies Microsoft Corp FollowNov 20 (Reuters) - Sam Altman will not return as CEO of OpenAI despite efforts from the company's executives to bring him back, The Information reported on Sunday. Emmett Shear, co-founder of video streaming site Twitch, will take over as interim CEO, the report said, citing co-founder and board director Ilya Sutskever. Reporting by Baranjot Kaur in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: Sam Altman, Carlos Barria, Emmett Shear, Ilya Sutskever, Baranjot Kaur, Nivedita Organizations: Economic Cooperation, REUTERS, Microsoft, Thomson Locations: Asia, San Francisco , California, U.S, Bengaluru
UAW members ratify labor deal with Mack Trucks
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +2 min
[1/2] The logo of Mack Trucks is seen on a truck in a yard in Mejicanos, El Salvador, August 16, 2018. REUTERS/Jose Cabezas Acquire Licensing RightsNov 16 (Reuters) - The United Auto Workers (UAW) union said on Wednesday that about 3,900 of its members working at Mack Trucks ratified a new five-year contract, ending a month-long strike at the Volvo Group (VOLVb.ST)-owned company. "After 39 days on strike, UAW members at Mack Trucks have voted by 93% to ratify their new contract with significant local improvements," the union said in a post on messaging platform X, previously known as Twitter. Mack Trucks said the new contract covered its employees at facilities in Pennsylvania, Maryland and Florida. Mack Trucks, which was bought by Volvo in 2000, is one of North America's largest makers of medium-duty and heavy-duty trucks.
Persons: Mack Trucks, Jose Cabezas, Maria Ponnezhath, Shubham Kalia, Mrinmay Dey, Gokul Pisharody, Baranjot Kaur, Varun, Anil D'Silva Organizations: REUTERS, United Auto Workers, UAW, Mack, Volvo Group, Twitter, Detroit's Big, General Motors, Ford, Volvo, Thomson Locations: Mejicanos, El Salvador, Pennsylvania , Maryland, Florida, North, Bengaluru
Workers of a retail chain sort onions at Manchar village in Pune, India, November 11, 2019. REUTERS/Rajendra Jadhav/File Photo Acquire Licensing RightsOct 28 (Reuters) - India has set a floor price of $800 per metric ton minimum export price on onions up to Dec. 31, the government said on Saturday, in a bid to ensure adequate domestic availability and to stabilise prices. The government also announced procurement of 200,000 tons of onions for its buffer, over and above the 500,000 tons already procured, it said in the statement. The south Asian nation had in August imposed a 40% export duty on onions up to Dec. 31 to improve domestic availability of the vegetable. Reporting by Baranjot Kaur in Bengaluru and Neha Arora; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.
Persons: Rajendra, Baranjot Kaur, Neha Arora, David Evans Organizations: REUTERS, Thomson Locations: Manchar, Pune, India, Bengaluru
REUTERS/Gonzalo Fuentes/File photo Acquire Licensing RightsOct 28 (Reuters) - Elon Musk said on Saturday that SpaceX's Starlink will support communication links in Gaza with "internationally recognized aid organizations". Musk said in a post on social media platform X, formerly known as Twitter, that it was not clear who has authority for ground links in Gaza, but we do know that "no terminal has requested a connection in that area". Following Russia's February 2022 invasion of Ukraine, Starlink satellites were reported to have been critical to maintaining internet connectivity in some areas despite attempted Russian jamming. Since then, Musk has said he declined to extend coverage over Russian-occupied Crimea, refusing to allow his satellites to be used for Ukrainian attacks on Russian forces there. Reporting by Baranjot Kaur in Bengaluru; editing by Diane Craft and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Elon Musk, Porte, Gonzalo Fuentes, Musk, Baranjot Kaur, Diane Craft, David Gregorio Our Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, International, Thomson Locations: Paris, France, Gaza, Israel, Ukraine, Crimea, Bengaluru
(Reuters) -Elon Musk said on Saturday that SpaceX's Starlink will support communication links in Gaza with "internationally recognized aid organizations". Musk said in a post on social media platform X, formerly known as Twitter, that it was not clear who has authority for ground links in Gaza, but we do know that "no terminal has requested a connection in that area". Following Russia's February 2022 invasion of Ukraine, Starlink satellites were reported to have been critical to maintaining internet connectivity in some areas despite attempted Russian jamming. Since then, Musk has said he declined to extend coverage over Russian-occupied Crimea, refusing to allow his satellites to be used for Ukrainian attacks on Russian forces there. (Reporting by Baranjot Kaur in Bengaluru; editing by Diane Craft and David Gregorio)
Persons: Elon Musk, Musk, Baranjot Kaur, Diane Craft, David Gregorio Organizations: Reuters, International Locations: Gaza, Israel, Ukraine, Crimea, Bengaluru
(Reuters) - Canadian Prime Minister Justin Trudeau said on Saturday that Canada would continue to work with Qatar to secure the release of hostages held by Hamas, after two American civilians were released a day before. The Islamist group Hamas released two U.S. hostages on Friday, mother and daughter Judith and Natalie Raanan, who were kidnapped in its attack on southern Israel on Oct. 7. Trudeau thanked Qatar for its assistance on the hostage release in a post on social media platform X. (Reporting by Baranjot Kaur in Bengaluru; Editing by Chizu Nomiyama)
Persons: Justin Trudeau, Judith, Natalie Raanan, Trudeau, Baranjot Kaur, Chizu Nomiyama Organizations: Reuters, Canadian, Hamas Locations: Canada, Qatar, Israel, Bengaluru
United Auto Workers President Shawn Fain addresses the audience during a rally in support of striking UAW members in Detroit, Michigan, U.S., September 15, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 19 (Reuters) - United Auto Workers President Shawn Fain will hold a Facebook Live event on Friday, the union said, as 34,000 of its members continue selective strikes against the Detroit Three automakers over the failure to reach agreements on new contracts. The UAW last expanded its strikes on Oct. 11 when members walked out at Ford's Kentucky truck plant, the company's largest and most profitable plant globally. Fain said last week that UAW members would now walk out of additional Detroit Three facilities without warning rather than waiting until Fridays to announce new plans, as the union had done initially. UAW members who went on strike at Mercedes supplier ZF's plant in Alabama last month demanding higher pay and better healthcare benefits ended a nearly month-long walkout on Thursday.
Persons: Shawn Fain, Rebecca Cook, Fain, Baranjot Kaur, Jamie Freed Organizations: United Auto Workers, REUTERS, Detroit Three, Ford Motor, General Motors, Chrysler, GM, UAW, Detroit, Thomson Locations: Detroit , Michigan, U.S, Ford's Kentucky, Alabama, Bengaluru
[1/6] Taylor Swift attends a premiere for Taylor Swift: The Eras Tour in Los Angeles, California, U.S., October 11, 2023. REUTERS/Mario Anzuoni Acquire Licensing RightsOct 11 (Reuters) - Taylor Swift, the cultural juggernaut known for shattering records, said on Wednesday that the documentary film from her billion-dollar Eras concert tour will offer one-day early-access showings in the U.S. and Canada. "Due to unprecedented demand we're opening up early access showings of The Eras Tour Concert Film on Thursday in America and Canada. Previously, Swift had said the movie, "Taylor Swift: The Eras Tour," would only be released in North America, but it was later announced that it would be screened worldwide. Last week, AMC's shares rose 11% after the company said that advance ticket sales for the concert film had topped $100 million globally.
Persons: Taylor Swift, Mario Anzuoni, We're, Swift, Baranjot Kaur, Leslie Adler Organizations: REUTERS, AMC Entertainment, Hollywood, Thomson Locations: Los Angeles , California, U.S, Canada, America, North America, Bengaluru
London Luton Airport suspends flights after car park inferno
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 11 (Reuters) - Britain's London Luton Airport suspended all flights until 1400 GMT on Wednesday after a car fire triggered a wider blaze that led to a partial collapse of one of its multi-storey car parks. There were no known fatalities in the fire, which was first reported to emergency services late on Tuesday evening. "Our priority remains supporting the emergency services and the safety of our passengers and staff. [1/5]Flames are seen as emergency services respond to a fire in Terminal Car Park 2 at London Luton airport in Luton, Britain, October 10, 2023. Britain's easyJet (EZJ.L), whose flights operate from Luton airport, said "airlines are currently experiencing some disruption to their flying programmes."
Persons: Peter Cziborra, Britain's, Baranjot Kaur, William James, Mrinmay Dey, Chris Reese, Sonali Paul, Kate Holton, Paul Sandle Organizations: Luton Airport, London, REUTERS, Civil Aviation Authority, Ryanair, Wizz, Thomson Locations: London Luton, Luton, Britain, Heathrow, Gatwick, Stansted, Manchester, Bengaluru, London
Oct 7 (Reuters) - British lender Metro Bank (MTRO.L) on Saturday rejected a series of takeover approaches from specialist business lender Shawbrook and later held talks with bondholders about an equity injection alongside a debt restructuring, media reports said. Metro Bank rejected a series of takeover approaches from Shawbrook, including one made in the second half of September, Sky News reported on Saturday. Both Metro Bank and Shawbrook declined to comment on the Sky News report when contacted by Reuters. Metro didn't immediately respond to request for comment about the debt restructuring and equity injection. The mid-sized British lender's shares plunged on Thursday following reports it is trying to raise as much as 600 million pounds to strengthen its capital levels.
Persons: Shawbrook, Jaime Gilinski, Juby Babu, Baranjot Kaur, Clelia Oziel, Franklin Paul Organizations: Metro Bank, Sky News, Bloomberg News, Bloomberg, Reuters, Metro, Spaldy Investments, LinkedIn, Franklin Paul Our, Thomson Locations: Shawbrook, London, Bengaluru
UK reaffirms position after Canada-India diplomatic spat
  + stars: | 2023-10-06 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Police officers stand guard outside India House where the High Commission of India is located, in London, Britain, September 19 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsOct 6 (Reuters) - Britain on Friday reaffirmed its position that all countries should respect sovereignty and the rule of law, after reports said that India had asked Canada to withdraw 41 diplomats. "The Prime Minister reaffirmed the UK's position that all countries should respect sovereignty and the rule of law, including the principles of the Vienna Convention on Diplomatic Relations," a government spokesperson said in a statement after Britain's Prime Minister Rishi Sunak spoke with Canada's Prime Minister Justin Trudeau. Tensions between India and Canada escalated last month when Canada said it was "actively pursuing credible allegations" linking Indian government agents to the murder of a Sikh separatist leader in British Columbia in June. Reporting by Baranjot Kaur in Bengaluru; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.
Persons: Peter Nicholls, Rishi Sunak, Justin Trudeau, Baranjot Kaur, Diane Craft Organizations: Police, Commission, REUTERS, Vienna Convention, Diplomatic Relations, Britain's, Canada's, Thomson Locations: India, London, Britain, Canada, Vienna, British Columbia, Bengaluru
UK Reaffirms Position After Canada-India Diplomatic Spat
  + stars: | 2023-10-06 | by ( Oct. | At P.M. | ) www.usnews.com   time to read: 1 min
(Reuters) - Britain on Friday reaffirmed its position that all countries should respect sovereignty and the rule of law, after reports said that India had asked Canada to withdraw 41 diplomats. "The Prime Minister reaffirmed the UK's position that all countries should respect sovereignty and the rule of law, including the principles of the Vienna Convention on Diplomatic Relations," a government spokesperson said in a statement after Britain's Prime Minister Rishi Sunak spoke with Canada's Prime Minister Justin Trudeau. Tensions between India and Canada escalated last month when Canada said it was "actively pursuing credible allegations" linking Indian government agents to the murder of a Sikh separatist leader in British Columbia in June. (Reporting by Baranjot Kaur in Bengaluru; editing by Diane Craft)
Persons: Rishi Sunak, Justin Trudeau, Baranjot Kaur, Diane Craft Organizations: Reuters, Vienna Convention, Diplomatic Relations, Britain's, Canada's Locations: Britain, India, Canada, Vienna, British Columbia, Bengaluru
UPS vehicles are seen at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies United Parcel Service Inc FollowSept 12 (Reuters) - United Parcel Service's (UPS.N) new five-year deal with Teamsters-represented workers will cost less than the $30 billion that was outlined by the union, Chief Executive Officer Carol Tome said in a CNBC interview on Monday. The contract, which covers about 340,000 UPS workers in the United States, would increase wage and benefit costs at a 3.3% compound annual growth rate over the life of the agreement, UPS Chief Financial Officer Brian Newman said earlier. Last month, the Atlanta-based company cut its full-year revenue and profitability targets, citing higher-than-expected labor costs as well as business lost during the tumultuous contract talks with Teamsters. Reporting by Priyamvada C and Baranjot Kaur in Bengaluru; Editing by Varun H K and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Persons: Andrew Kelly, Carol Tome, Brian Newman, Newman, Priyamvada, Baranjot Kaur, Varun, Anil D'Silva Organizations: REUTERS, United Parcel Service, Teamsters, CNBC, UPS, Atlanta -, Thomson Locations: Brooklyn , New York City, U.S, United States, Atlanta, Bengaluru
Sept 11 (Reuters) - Several employees were injured at an Archer-Daniels-Midland (ADM) (ADM.N) facility in Decatur, Illinois, after an explosion within its processing complex, the company said in a statement on Sunday night. ADM said the incident happened at 7:11 p.m. CDT (0011 GMT) and that the injured had been taken to a hospital. The company said it did not have a confirmed cause of the incident as of Sunday night. The Decatur site, ADM's North American headquarters and its largest facility globally, houses a soybean crushing plant and one of the largest corn wet mills in the world. It was not immediately clear whether the blast would impact the processing facilities.
Persons: Archer, Dan Kline, Evelyn Nikhila S, Baranjot Kaur, Gerry Doyle, David Holmes Organizations: Daniels, Midland, ADM, Renewable Fuels Association, Thomson Locations: Decatur , Illinois, Decatur, Bengaluru
China bans govt officials from using iPhone for work -WSJ
  + stars: | 2023-09-06 | by ( ) www.reuters.com   time to read: +2 min
A man holds an iPhone 14 as Apple Inc's new models go on sale at an Apple store in Beijing, China, September 16, 2022. The orders were given by superiors to their staff in recent weeks and it wasn't clear how widely the orders were being distributed, the WSJ said. China has in recent years grown more concerned over data security and has rolled out new laws and compliance requirements for companies. The latest restriction by China mirrors similar bans taken in the United States against Chinese smartphone maker Huawei and short video platform TikTok, owned by China's ByteDance. China is one of Apple's biggest markets and generates nearly one-fifth of its revenue.
Persons: Thomas Peter, Gina Raimondo, China's ByteDance, Baranjot Kaur, Savio D'Souza, Miral Organizations: Apple, REUTERS, Wall Street, China's, Information Office, Washington, planemaker Boeing, Micron Technology, . Commerce, Huawei, Thomson Locations: Beijing, China, Sino, U.S, United States, Bengaluru
Jimmy Buffett, American singer-songwriter, dies at 76
  + stars: | 2023-09-02 | by ( ) www.reuters.com   time to read: +1 min
Sept 2 (Reuters) - American singer-songwriter Jimmy Buffett, best known for his "Margaritaville" escapist tribute to the tropical life, has died at the age of 76, according to his website on Saturday. "Jimmy passed away peacefully on the night of September 1st surrounded by his family, friends, music and dogs. Buffett made 27 studio albums - with four platinum and eight gold albums - in a career that spanned over five decades and included writing and running a business empire. He is survived by his wife Jane Slagsvol, their two daughters, Sarah and Savannah, and son, Cameron. Reporting by Baranjot Kaur in Bengaluru Editing by John Stonestreet and Frances KerryOur Standards: The Thomson Reuters Trust Principles.
Persons: Jimmy Buffett, Jimmy, Margaritaville, Buffett, Jane Slagsvol, Cameron, Baranjot Kaur, John Stonestreet, Frances Kerry Organizations: Thomson Locations: Savannah, Bengaluru
Tropical Storm Idalia expected to hit Florida as hurricane
  + stars: | 2023-08-27 | by ( ) www.reuters.com   time to read: +2 min
Aug 27 (Reuters) - Tropical Storm Idalia could strengthen into a hurricane on Monday, bringing high winds and storm surges to Cuba and Florida later this week. The storm has sustained winds of 60 mph (95 kph) and could reach Category 2 strength with sustained winds of 96 to 110 mph when it is forecast to make landfall in Florida on Wednesday, according to Governor Ron DeSantis. The governor said the hurricane could make landfall in northern Florida's Big Bend area - where the panhandle transitions into the peninsula. Reuters Image Acquire Licensing Rights"Idalia is likely to be near or at major hurricane intensity when it reaches the Gulf coast of Florida," the NHC added. Duke Energy (DUK.N) is closely monitoring the approach of Idalia and preparing crews and equipment to respond if customers lose power.
Persons: Ron DeSantis, DeSantis, Joe Biden, Baranjot Kaur, Maria Caspani, Katharine Jackson, Trevor Hunnicutt, Lisa Shumaker Organizations: U.S, National Hurricane Center, Yucatan Channel, Reuters, NHC, Florida's Division, Emergency Management, National Guard, Duke Energy, Thomson Locations: Cuba, Florida, Big, Yucatan, Florida's, Georgia, Miami, Bengaluru, New York, Washington, Lincoln
Tropical Storm Idalia heading toward Florida, US NHC says
  + stars: | 2023-08-27 | by ( ) www.reuters.com   time to read: 1 min
Aug 27 (Reuters) - Tropical Storm Idalia has formed near the Yucatan Channel about 80 miles (130 km) east-northeast of Cozumel in Mexico and is heading toward Florida, the U.S. National Hurricane Center (NHC) said on Sunday. The storm, which strengthened from a tropical depression, has sustained winds of 40 mph (65 kph) and could become a hurricane over the eastern Gulf of Mexico by Tuesday, NHC said. "Observations from a NOAA Hurricane Hunter aircraft indicate that Tropical Depression Ten has strengthened into Tropical Storm Idalia," the Miami-based weather forecaster said. Reporting by Baranjot Kaur in Bengaluru; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
Persons: Idalia, Baranjot Kaur, Lisa Shumaker Organizations: Yucatan Channel, U.S, National Hurricane Center, Tuesday, NHC, NOAA Hurricane Hunter, Thomson Locations: Yucatan, Cozumel, Mexico, Florida, Miami, Bengaluru
A Pakistan International Airlines (PIA) passenger plane prepares to take off from the Benazir International airport in Islamabad, Pakistan, February 9, 2016. REUTERS/Faisal Mahmood/File PhotoISLAMABAD, Aug 7 (Reuters) - Pakistan plans to privatise its loss-making national carrier Pakistan International Airlines (PIAa.PSX), the government said on Monday, as the country also seeks to outsource its airport operations in line with an IMF deal. The privatisation decision was taken at a meeting of the Cabinet Committee of Privatisation chaired by Finance Minister Ishaq Dar. The committee "after deliberation decided to include Pakistan International Airlines Co. Ltd in the list of active privatisation projects of the ongoing privatisation programme, following an amendment in the law by the Parliament," a finance ministry statement said. Pakistan hopes to resume PIA flights to Britain in the next three months after services were suspended following a fake pilot scandal.
Persons: Faisal Mahmood, Ishaq Dar, Asif Shahzad, Baranjot Kaur, David Goodman, Mark Potter, Alistair Bell Organizations: Pakistan International Airlines, PIA, Benazir, REUTERS, Finance, Pakistan International Airlines Co . Ltd, PIAInvestment, European Union's Aviation Safety Agency, International Monetary Fund, Pakistan, Baranjot, Thomson Locations: Islamabad, Pakistan, ISLAMABAD, , New York, Britain, Europe, Bengaluru
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., speaks during the event Chase for Business The Experience - Miami hosted by JP Morgan Chase Bank for small business owners at The Wharf in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello/File PhotoNEW YORK, Aug 2 (Reuters) - JPMorgan (JPM.N) CEO Jamie Dimon said on Wednesday bank regulators risk making mortgages and small-business loans less affordable with the capital raises proposed by the Federal Reserve and the FDIC. "It's hugely disappointing," Dimon said of the capital requirements, adding the "operational risk capital is based on a model that makes no sense." The JPMorgan CEO said the Fed should be "cautious" about their models, which he said are not perfect. Dimon added it will become harder to extend a small mortgage to a consumer with a lower credit score.
Persons: Jamie Dimon, JP, Marco Bello, Dimon, Fitch, Tatiana Bautzer, Baranjot Kaur, Chris Reese, Sandra Maler Organizations: JPMorgan Chase &, Chase, Business The, Miami, JP Morgan Chase Bank, REUTERS, JPMorgan, Federal Reserve, CNBC, Thomson Locations: Miami , Florida, U.S, China, New York, Bengaluru
July 29 (Reuters) - Canadian Labor Minister Seamus O'Regan said on Saturday he could impose a new collective agreement or a final binding agreement on striking dock workers following their rejection of a proposed labor contract. O'Regan said he had directed the Canada Industrial Relations Board to determine whether the rejection of the tentative agreement by the dock workers in Western Canada has eliminated the possibility of a negotiated resolution. "If the Board determines that to be the case, I have directed them to either impose a new collective agreement on the parties or impose final binding arbitration to resolve outstanding terms of the collective agreement," O'Regan said in a post on social media platform X, formerly known as Twitter. The International Longshore and Warehouse Union, representing about 7,500 dock workers, rejected a proposed labor contract on Saturday that would have ended a dispute that has already affected trade and could have more economic repercussions by disrupting operations at the country's busiest ports. Reporting by Baranjot Kaur in Bengaluru; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
Persons: Seamus O'Regan, O'Regan, " O'Regan, Baranjot Kaur, Sandra Maler Organizations: Canadian Labor, Canada Industrial Relations Board, Twitter, Warehouse Union, Thomson Locations: Western Canada, Bengaluru
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