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The logo of car manufacturer Ford is pictured in Inwood, New York, on February 5, 2024. LONDON — Ford was warned on Wednesday that more than 3,000 white-collar workers across the U.K. could launch industrial action after union members rejected a pay offer from the U.S. automotive giant. The union warned Ford that if it did not attend negotiations via Acas, the U.K.'s independent conciliation service, it would begin the process of balloting its members on potential strike action. Ford said it has been in pay negotiations with employee representatives since the end of last year, as its previous two-year deal ends. "Whilst trade union members have voted internally at a members vote to reject the company's offer, Ford remains willing to continue dialogue through our established bargaining frameworks on the fair and balanced offer made," the company said.
Persons: Ford Organizations: LONDON, Ford, Workers Locations: Inwood , New York, Acas, Liverpool, Essex
Walmart is set to pay a former worker $60,000 to settle claims it didn't promote her because she had young children. The company didn't hire her for a manager role because she had children at home, the EEOC said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWalmart is set to pay a former female worker $60,000 to settle a lawsuit claiming it turned down her request for promotion because she had young children at home. The EEOC filed the lawsuit after it failed to reach a conciliation agreement with the Arkansas-based retailer.
Persons: , wasn't Organizations: Walmart, Service, Employment, Commission, Business Locations: Ottumwa , Iowa, Arkansas
TAIWANThe two leaders had a "substantial" discussion on Taiwan, with Xi telling Biden that Taiwan was the biggest, most dangerous issue facing the two superpowers, a senior U.S. official told reporters. LEADER TO LEADER TALKSBiden said he and Xi agreed to high-level communications. "He and I agreed that each one of us can pick up the phone call directly and we'll be heard immediately," Biden told reporters after the meeting. China and the United States should set an example for other countries, Xi told Biden, according to Chinese media, and promote cooperation on trade, agriculture, climate change and artificial intelligence. FENTANYLBiden and Xi agreed to cooperate on addressing the source of the opioid fentanyl, a leading cause of drug overdoses in the United States, the U.S. official said.
Persons: Joe Biden, Xi Jinping, Kevin Lamarque, China's Xi Jinping, Biden, Xi, Nancy Pelosi, Defense Lloyd Austin, we'll, Jeff Mason, Trevor Hunnicutt, Andrea Shalal, Heather Timmons, Stephen Coates Organizations: Economic Cooperation, REUTERS, Rights, Taiwan, U.S, Defense, Communist Party, Thomson Locations: Filoli, Asia, Woodside , California, U.S, San Francisco, TAIWAN, Taiwan, China, Beijing, United States, IRAN, Iran
"These investments are being made in areas with very high growth," Christel Bories, Eramet's chair and CEO, told Reuters. "Lithium is not tied to world economic growth, it's tied to the development of batteries and the energy transition." A $400 million deal with Glencore (GLEN.L) to market lithium from the project's first stage will mostly cover Eramet's financing needs for the next tranche, Bories said. In Chile, meanwhile, the group said it had acquired for an initial $95 million a 120,000-hectare lithium concession in the Atacama region. Reporting by Gus Trompiz, Editing by Charlotte Van Campenhout and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Ivan Alvarado, it's, Bories, Eramet's, Gus Trompiz, Charlotte Van Campenhout, Louise Heavens Organizations: National Reserve, REUTERS, Rights, Reuters, Centenario, BASF, Koniambo, SAS, Thomson Locations: Antofagasta region, Chile, Argentina, Indonesia, Centenario, Atacama, Gabon, China, New Caledonia, SLN
Representative Jim Jordan, the hard-line Republican from Ohio, does not plan to force a third vote on Thursday on his bid to become speaker after running headlong into opposition from a bloc of mainstream G.O.P. Instead, Mr. Jordan will endorse a plan to empower Representative Patrick T. McHenry of North Carolina — the temporary speaker whose role is primarily to hold an election for a speaker — to carry out the chamber’s work through Jan. 3. In the meantime, Mr. Jordan will continue trying to build support to become speaker. After he failed to win a majority on Tuesday, Mr. Jordan was defeated again on Wednesday when the number of Republicans refusing to back him grew. With little hope of making up the lost ground, Mr. Jordan called for a closed-door meeting of Republicans on Thursday morning to discuss his next steps.
Persons: Jim Jordan, Jordan, Patrick T, McHenry, Republicans —, Kevin McCarthy of Organizations: Republican, Mr, Republicans Locations: Ohio, McHenry of North Carolina, Kevin McCarthy of California
The refusal of some of them to go along with Mr. Jordan’s election was an unusual show of force from a group that more commonly seeks compromise and conciliation. Though Mr. Jordan failed to win a majority, 200 Republicans — including many of those more mainstream members — voted to give him the job second in line to the presidency. That was a remarkable show of support for Mr. Jordan, 59, who helped Mr. Trump try to overturn the 2020 election and has used his power in Congress to defend the former president. Mr. Jordan has a long track record of opposing compromise that prompted a previous Republican speaker to brand him a “legislative terrorist.”Representative Elise Stefanik, Republican of New York, formally nominated Mr. Jordan, a former wrestling champion, on the floor on Tuesday and cast his bruising style as a virtue. “Whether on the wrestling mat or in the committee room, Jim Jordan is strategic, scrappy, tough and principled,” she said.
Persons: Kevin McCarthy, Republicans ’, Jordan’s, Jordan, , Trump, Elise Stefanik, Jim Jordan, Organizations: Republicans, Republican Locations: New York
A Kansas Chipotle manager repeatedly asked a Muslim teenage worker to remove her hijab, the EEOC saidThis culminated in the manager "forcibly" pulling it off her head to see her hair, the EEOC said. AdvertisementAdvertisementA Chipotle manager in Kansas repeatedly asked a Muslim worker to remove her hijab and "forcibly" pulled it off her head when she refused to show him her hair, the Equal Employment Opportunity Commission says. The assistant manager "continually" asked the worker, then 19, to remove her hijab and show him her hair despite her asking him to leave her alone, the EEOC wrote. The harassment reached a peak when the assistant manager tried to forcibly remove the worker's hijab, according to the EEOC. In August 2021, when staff were closing down the restaurant, the assistant manager "reached out, grabbed her hijab, and yanked," the EEOC said.
Persons: , Chipotle didn't, Chipotle Organizations: Chipotle, Service, Commission, Kansas City Star Locations: Kansas, Lenexa
Equal Employment Opportunity Commission (EEOC) has sued Tesla accusing Elon Musk's electric car maker of violating "federal law by tolerating widespread and ongoing racial harassment of its Black employees and by subjecting some of these workers to retaliation for opposing the harassment." The federal agency responsible for enforcing civil rights laws against workplace discrimination announced it was filing suit against Tesla on Thursday. Last year, a financial filing from Tesla revealed that the EEOC had issued a cause finding against the company. After that, Tesla engaged in a mandatory conciliation process with the EEOC the filing said. The lawsuit (EEOC v Tesla, Inc., Case No.
Persons: Tesla, Elon, Owen Diaz, Read Organizations: Tesla Inc, Opportunity Commission, Tesla, CNBC, Inc, Northern, Northern District of Locations: Fremont , California, U.S, California, Northern District, Northern District of California
A view of Chevron-operated Gorgon project on Barrow Island, Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. “Unfortunately, following numerous meetings and conciliation sessions with the Fair Work Commission, no agreement has been reached as the unions are asking for terms significantly above the market," a Chevron spokesperson said in a statement. "Until we have some case law, until we get some Fair Work Commission decisions on how the laws work, we don't know (how long the process will take)," said Shae McCrystal, a professor of labour law at the University of Sydney Law School. A subsidiary of airline Virgin Australia made the only other application under these laws in June, local media reported. No talks are scheduled between unions and Chevron, according to the FWC website.
Persons: Shae McCrystal, Roushni Nair, Lewis Jackson, Jamie Freed, Michael Perry Organizations: Reuters, Chevron, Handout, REUTERS, Fair, University of Sydney Law School, Virgin Australia, Offshore Alliance, Thomson Locations: Chevron, Barrow Island, Australia, Chevron Australia, Melbourne, U.S, Bengaluru, Sydney
De Beers delivers first production from underground operations at its Venetia Mine in South Africa in this undated handout picture. On Tuesday, NUM, South Africa's biggest mineworkers' union, said it was planning a strike at Venetia, as De Beers could only offer a 6% pay increase against demands for a 9% hike. The strike by NUM's 1,500 workers would impact operations at Venetia's new $2.3 billion underground operations, which started production in July. De Beers stopped its 30-year open pit operations at Venetia in December 2022. "We are confident that through continued engagement with the union and our employees we will reach a sustainable settlement with the NUM," De Beers said.
Persons: De Beers, NUM, Nelson Banya, Sharon Singleton Organizations: REUTERS, South Africa's National Union of Mineworkers, Commission, Conciliation, Thomson Locations: Venetia, South Africa, NUM
FILE PHOTO: The logo of Chevron is seen at the company's office in Caracas, Venezuela April 25, 2018. Australia is the world's biggest LNG exporter and its main buyers are in Asia. "Unfortunately, following numerous meetings and conciliation sessions before the Fair Work Commission, we remain apart on key terms," a Chevron spokesperson said. Brad Gandy, a spokesperson for the Offshore Alliance, said the union coalition had agreed "in good faith" to the mediated talks, "but after five days Chevron has barely budged". Energy analyst Saul Kavonic said the strikes appeared to be designed to put more pressure on Chevron to cut a deal rather than substantially affect production.
Persons: Marco Bello, Brad Gandy, ratcheting, Saul Kavonic, Renju Jose, Lewis Jackson, Leslie Adler, Jamie Freed, Miral Fahmy, William Mallard Organizations: Chevron, REUTERS, Rights, Woodside Energy, North West Shelf, Offshore Alliance, CHEVRON, Australian, South, Taiwan . Energy, Thomson Locations: Caracas, Venezuela, Australia, U.S, Asia, British, China, Japan, South Korea, Taiwan, Western Australia, Sydney
Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. European gas prices moved sharply higher on Friday as workers at Australian natural gas facilities went on strike, prompting fears that a prolonged halt to production could squeeze global supplies. "Unfortunately, following numerous meetings and conciliation sessions before the Fair Work Commission, we remain apart on key terms," a spokesperson for Chevron Australia said. Fears of strike action in Australia, one of the world's biggest exporters of LNG, have recently pushed up European gas prices — and analysts expect near-term market volatility to persist. European gas prices rose to around 43 euros last month but had pared gains as the two sides sought an amicable resolution.
Organizations: National Grid, Chevron, Chevron Australia, Offshore Alliance, Union Locations: Isle, Rochester , England, Western Australia, Chevron Australia, Australia
Hundreds of people at Chevron’s liquefied natural gas plants in Western Australia halted work on Friday, an industrial action affecting three facilities that account for about 6 percent of the world’s supply of the essential fuel. At 1 p.m. local time, about 500 employees began short work stoppages and bans on some types of work, after union negotiations over pay and working conditions stalled. The stoppages are scheduled to continue until Thursday. At that point, if the impasse remains, the unions will escalate with rolling strikes of up to 24 hours a day, for up to two weeks, according to the Offshore Alliance, a collaboration of two unions representing energy workers. The labor action — at Chevron’s Gorgon and Wheatstone onshore processing plants and its Wheatstone offshore platform — had originally been scheduled to start on Thursday morning, but it was pushed back as Chevron and the unions attempted conciliation facilitated by a government agency.
Organizations: Offshore Alliance, Chevron Locations: Western Australia
London CNN —Workers at Chevron’s liquified natural gas facilities in Australia have begun to walk off the job in a dispute that threatens as much as 7% of global supplies and could add to rising pressure on energy prices. The alliance represents 500 workers at the Gorgon and Wheatstone facilities, both off the coast of Western Australia. “Unfortunately, following numerous meetings and conciliation sessions before the Fair Work Commission, we remain apart on key terms,” a Chevron spokesperson said. “The unions continue to seek terms that are above and beyond equivalent terms with others in the industry, including in agreements recently reached.”News of the breakdown in talks sent European natural gas prices rising. The two Chevron sites are hugely significant, accounting for approximately 6% of global supply, according to analysts at ANZ.
Persons: ” Ben Cahill, Kunro Irie, Daniel Toleman, Wood Mackenzie, , — Juliana Liu Organizations: London CNN — Workers, Australian Offshore Alliance, Chevron, Facebook, , European Commission, , Center for Strategic, International Studies, ANZ, Offshore Alliance Locations: Australia, Western Australia, Europe, Russia, Ukraine, Saudi Arabia, United States, Qatar, Asia
Companies YAZAKI Corporation FollowMEXICO CITY, Aug 18 (Reuters) - Mexico said on Friday it has notified the United States that it will not carry out a requested review of labor rights concerns at Grupo Yazaki's auto components factory in Guanajuato. The U.S. Trade Representative said on Aug. 7 it had asked Mexico to see whether workers "are being denied the rights to freedom of association and collective bargaining" at the privately held company's facility, which makes electrical components for autos for Japan-based Yazaki Corp.Mexico's labor ministry and Federal Center for Conciliation and Labor Registration "determined that there is no substantial evidence of employer interference or denial of rights to freedom of association and collective bargaining by the company," the labor and economy ministries said in a joint statement. The rejection is one of the few times since the U.S.-Mexico-Canada Agreement went into effect in 2020 that Mexico has deemed a case ineligible for review under the pact, which has tougher rules than its NAFTA predecessor. Reporting by Brendan O'Boyle; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan O'Boyle, William Mallard Organizations: YAZAKI, MEXICO, Grupo, The U.S . Trade, Yazaki Corp, Federal Center for Conciliation, Thomson Locations: Mexico, United States, Guanajuato, The, Japan, U.S, Canada
The actors could be on strike themselves without a last-minute deal with studios and streaming services on Wednesday. Production of many movies and television shows have already been shut down by the current writers strike. An actors strike would bring most remaining productions to a halt, other than on some independent films not associated with studios. This would be the first actors strike against television shows and movie productions since 1980. Just before the last deadline, it seemed as if an actors strike could be avoided.
Persons: haven’t, , Robyn Beck, It’s, Tom Nunan, Jonathan Handel, Handel, , it’s, Blockbuster hadn’t, David Mumpower, Fran Drescher, , Meryl Streep, Glenn Close, Jennifer Lawrence, Bob Odenkirk, Mark Ruffalo, Quinta Brunson, Rami Malek, you’ve, Theron, Joaquin Phoenix, Jamie Lee Curtis, Cobie Smulders, Pedro Pascal, Drescher, , Vanessa Yurkevich Organizations: New, New York CNN, Screen, American Federation of Television, Radio Artists, Alliance, Motion Pictures, Television Producers, Apple, CBS, Disney, NBC Universal, Netflix, Paramount Global, Sony, CNN, Warner Bros ., Federal Mediation, Conciliation Service, SAG, UCLA School of Theater, Film, Television, Writers Guild of America, Blockbuster, AMPTP, Gabbana’s Locations: New York, AFP, Moda, Southern Italy
July 1 (Reuters) - Several thousand unionized port workers in Canada's western province of British Columbia went on strike after failing to reach a deal to renew an industry-wide contract that expired in March, a waterfront employers group said on Saturday. The British Columbia Maritime Employers Association (BCMEA) said it and the International Longshore and Warehouse Union Canada (ILWU Canada) had met Thursday and Friday in talks supported by the Federal Mediation and Conciliation Service. ILWU Canada members were on strike at sites across British Columbia, the BCMEA said. [1/6]Longshoremen with the International Longshore and Warehouse Union Canada (ILWU) strike at Canada's busiest port in Vancouver, British Columbia, Canada July 1, 2023. On Wednesday, the longshore workers union said it had issued a 72-hour strike notice.
Persons: Chris Helgren, Seamus O'Regan Jr, Anirudh, Jonathan Oatis Organizations: British Columbia, British Columbia Maritime Employers Association, Warehouse Union, Federal Mediation, Conciliation Service, Canada's, REUTERS, Canadian Federation of Independent Business, ILWU, Thomson Locations: Canada's, British, Canada, British Columbia, Vancouver , British Columbia, ILWU Canada, Bengaluru
Casino extends creditors’ losing streak
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +2 min
Casino had previously hinted that it was seeking to restructure the unsecured portion of its debt, worth around 3.6 billion euros, implying that the remaining 4 billion euros of secured debt would remain intact. That implies borrowings of less than 2.7 billion euros, based on analysts’ forecasts compiled by Refinitiv. As a result, between 1 and 1.5 billion euros of the secured debt may also be converted into equity. Casino reckons it needs at least 900 million euros of new money to finance the company’s business plan in the next few years. The winner, who will be the group’s largest shareholder, will then determine whether they can end Casino’s losing streak.
Persons: Daniel Kretinsky, Xavier Niel, Pierre Briancon, crouch, Eli Lilly, Peter Thal Larsen, Streisand Neto Organizations: Reuters, Casino, Refinitiv, Twitter, Thomson Locations: Czech
In a landslide vote, over 99% of ILWU Canada union workers critical for West Coast port operations, including in Vancouver and Prince Rupert, voted in favor of supporting a strike. The biggest port to be affected is the Port of Vancouver, the largest port in Canada. It is estimated that Canadian West Coast ports handle almost $225 billion worth of cargo a year, with items transported by rail including many consumer products, from apparel to electronics and home goods. The threat of a strike is occurring as labor tensions have escalated at U.S. West Coast ports. "This is a significant blow to operations on the West Coast," said Paul Brashier, vice president of drayage and intermodal at ITS Logistics.
Persons: Prince Rupert, Port of Prince Rupert, Prince Rupert Port Authority's, Brian Friesen, Berkshire Hathaway, Port, slowdowns, Paul Brashier, Adil Ashiq Organizations: ILWU, British Maritime Employers Association, Federal Maritime Conciliation, Port, Vancouver, Vancouver Fraser Port Authority, U.S, BNSF, U.S ., Pacific Maritime Association, ITS Logistics, Cargo, MarineTraffic, CNBC Locations: ILWU Canada, West Coast, Vancouver, of Vancouver, Canada, Canadian, Vancouver Fraser, U.S, Port of Vancouver, Port of, West, CN, Canadian Pacific, Berkshire, U.S . West Coast, Port, Seattle, Midwest, Chicago, Panama, East, North America
Robert confronted Winenger with the allegations that November, and within weeks Winenger denied the claims in family court. In a family court hearing in Vista, California, on October 28, 2021, Commissioner Patti Ratekin chastised Jill Montes for allegedly alienating her kids from her ex-husband. From a list provided by the Delaware Family Court, Kelly chose a psychologist, William Northey. Their father cited the report in asking a Delaware family court judge to order the boys to change schools. Family Court of the State of Delaware, New Castle CountyCiting the email and a subsequent report, Michael pressed Ostroski to order the transfer.
Persons: he'd, Robert, stepdad, Thomas Winenger, Winenger, Robert's, Jill Montes, Montes, Patti Ratekin, she'd, Ratekin, Richard Gardner, Gardner, Lynn Steinberg, she's, Maya, shrieks, Joan Meier, They'd, , Meier, Tom Brenner, Paige, Maggie Shannon, Claire, Eden, Weeks, Hester Prynne, Mitra Sarkhosh, Sarkhosh, San Diego Robert, Tom Winenger, Tamatha Clemens, Miguel Alvarez, Alvarez, overreact, Alvarez didn't, Bridges, Janell Ostroski, Linda Gottlieb, Ostroski, Michael D, Ashton, Alfield Reeves, Michael, Kelly D, Kelly, who've, Randy Rand, Chris, Rand, he's, Rand isn't, Jane Shatz of, Joann Murphey, Murphey, Steinberg, Ally Toyos, Kit R, Toyos, Emily, Richard Warshak, Elizabeth Loftus, Harvey Weinstein's, Loftus, Hannah Rodriguez, Linda Gottlieb's, Gottlieb, Rodriguez, Yvonne Parnell, Brian Ludmer, Ludmer, Parnell, aren't, Daniel Barrozo, Mom, Jean Mercer, Mercer, who'd, Michael Saini, Saini, Hannah Yoon, — Ashton, Judge Ostroski, William Northey, Northey, O, Addie Asay, mistreating Ashton, Rachel Brandenburg, Brandenburg, I've, Michael's, Gardner's, Gardner dosed, Dr, Paul Fink, Fink, Warshak, William Bernet, Patrick Clancy, doesn't, She'd, Brian Fitzpatrick, Sen, Susan Rubio, Meier's, Rebecca Connolly, didn't, Connolly, Heidi Simonson, Rubio, Theresa Manzella Organizations: Investigations, San, Business, Child Welfare, of, American Psychiatric Association, World Health Organization, American Professional Society, George Washington University, Violence Law, George Washington University Law School, Columbia University, PAS, Sarkhosh, San Diego County Sheriff's Department, California Health, Welfare Agency, Psychology, Bridges, Texas, Roane, Stockton University, University of Toronto, Families, Delaware Family Court, Family, Delaware Family, Association of Family, Conciliation, Newsday, University of Texas Southwestern Medical Center, HarperCollins, Family Bridges, Vanderbilt University, Disorders, The Justice Department, WHO, of Social Welfare, Family Law, Winenger, Montes, Superior Locations: San Diego County, Vista , California, of California, Family Bridges, United States, Santa Cruz , California, Sacramento, Los Angeles, San Diego, toddlerhood, Ratekin, San, California, Eden, New Castle County , Delaware, New York, Ashton, Delaware, Jane Shatz of California, Seattle, Southern California, Texas, Kansas, Toyos, Bozeman , Montana, Family, Tampa , Florida, New, Hudson Valley, Chino , California, Wilmington , Delaware, of Delaware, New Castle County, Denver, Washington, Pennsylvania, Susan Rubio of Los Angeles County, statehouses, Watsonville , California, Santa Cruz, Michigan , Kansas, Utah, Colorado, Montana
April 18 (Reuters) - WestJet Airlines pilots on Tuesday voted for possible strike action as early as May 16, underscoring broader efforts by North American pilots to make gains on salary and working conditions as traffic rises. Pilots at Onex Corp's (ONEX.TO) WestJet Group, Canada's second-largest carrier, could strike or be locked out if notice is given on May 13, union representative Bernard Lewall said. Participating pilots voted 93% in favor of strike authorization, said Lewall, chair of the local union with the Air Line Pilots Association (ALPA). Calgary-based WestJet said the carrier wants an agreement that is competitive within Canada's airline industry. Their union, the Allied Pilots Association, is also holding a strike authorization vote that concludes on April 30.
BUENOS AIRES, April 7 (Reuters) - Argentina's state oil company YPF has agreed to pay nearly $300 million to the creditors of one of its now-bankrupt subsidiaries after they sued the company in relation to a historical U.S. environmental case, it said. In 2016, Maxus Energy Corporation filed for chapter 11 protection in the U.S. Bankruptcy Court in Delaware. YPF said its former subsidiary had met its obligations until then, without specifying if these were financial or environmental. Under the conciliation agreement reached this week, the Maxus Liquidation Trust agreed to drop the claims it had filed against both YPF and co-defendant Spanish oil company Repsol, the statement issued by YPF said. In turn, YPF and Repsol agreed to pay the trust $287.5 million each, without admitting any responsibility.
Dominion claims Rupert Murdoch shared info about Biden ads with Trump's campaign in 2020. "During Trump's campaign, Rupert provided Trump's son-in-law and senior advisor, Jared Kushner, with Fox confidential information about Biden's ads, along with debate strategy (providing Kushner a preview of Biden's ads before they were public)," Dominion's lawyers alleged in the filing. "If the allegations are true, this is precisely what Murdoch provided to the Trump campaign," he said. After Trump lost, Murdoch shifted attention to two runoff elections in Georgia for US Senate seats. "My friend Jared Kushner called me saying, 'This is terrible,' Murdoch wrote.
An ethics watchdog group has asked the Federal Election Commission to investigate former FTX CEO Sam Bankman-Fried for alleged "serious violations" of election law, citing his admitted contributions of "dark" money to Republican-aligned groups during the 2022 primary season. Anyone can file a complaint with the FEC if they suspect a violation of federal election campaign laws. The complaint contains a link to the Nov. 16 interview Bankman-Fried gave to Tiffany Fong, who posted the discussion on her YouTube channel. "All my Republican donations were dark," Bankman-Fried went on to say, the complaint noted. In the interview, Bankman-Fried said that those contributions were "all for the primary."
Following a decline between January and April, the group said the occupancy rate in its French retirement homes reached an average of 85.4% in the third quarter. This was an increase of 0.9 percentage points from the prior quarter, but down around 1.5 points on the year. In Orpea's largest region covering France, Benelux, Britain and Ireland, quarterly revenue increased by 1.6% organically. Meanwhile, Central Europe saw 5.3% organic revenue growth, Eastern Europe grew by 10.1%, and Orpea's smallest Iberia and Latin America region posted 17.7% growth. The first meeting with Orpea's unsecured debt holders will be held on Nov. 15, when the company will also present its transformation plan.
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