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☆ Donald Trump's pledge to 'never ban' TikTok will be tough to fulfill, legal experts say
▼ + stars: | 2024-11-08 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

During his 2024 presidential campaign, Donald Trump said he would "never ban TikTok." Business Insider asked legal experts what Trump could do to rescue the app, if he chooses to. In June, the president-elect told the app's users he would "never ban TikTok." Legal experts told Business Insider that TikTok's future in the US is still very much in question despite Trump's election win. Cornell's Hans said any tactic a future Trump administration might take to keep TikTok around would be "uncharted territory."

Persons: Donald Trump, Trump, —, it's, Joe Biden, hasn't, I'm, G.S, Hans, Matthew Schettenhelm, TikTok, Aram A, Barack Obama's, Bloomberg's Schettenhelm, Who's, Schettenhelm, TikTok Trump, Gavoor, Alan Rozenshtein, Cornell's Hans Organizations: Business, Service, Appeals, District of Columbia Circuit, DC Circuit, Trump, Congress, Cornell Law School, BI, Bloomberg Intelligence, Department, Foreign, Justice Department, George Washington University Law, Defense, Trump's, Apple, Google, University of Minnesota, Fast Company, TikTok Locations: China

☆ The Great Detachment is looming for employees, experts warn — especially for Gen Z
▼ + stars: | 2024-08-14 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

And Gen Zers, as the cohort associated with "quiet quitting" and a job being just a job, are leading the charge. "And then there's about 17% who are actively disengaged, they are unhappy. According to Gallup data this year, millennials and Gen Zers are seeing the biggest drop in engagement. Millennials have dropped seven points, from 39% to 32% being actively engaged, while actively engaged Gen Zers have dropped from 40% to 35%. The percentage of actively disengaged millennials has risen from 12% to 17%, while for Zoomers, it has increased from 13% to 14%.

Persons: Zers, Richard Wahlquist, It's, We've, Wahlquist, millennials, Millennials, Leena Rinne, Rinne, they're, I'm, hasn't, Khyati Sundaram, Sundaram, Gen Zs, Zs, Skillsoft, — Organizations: Service, Business, American Staffing Association, Gallup, Skillsoft, BI

☆ Opinion: In Gaza, fear of ‘the war after the war’
▼ + stars: | 2024-07-15 | by ( Opinion Arwa Damon | ) edition.cnn.com time to read: +10 min

Without rule of law, without a peacekeeping force, without humanitarian aid, Gaza will combust and descend into civil chaos. This route is used by both commercial and aid trucks, as well as convoys like the one I am in, transporting aid workers. Palestinians storm trucks loaded with humanitarian aid brought in through a new US-built pier in central Gaza on May 18. They are waiting to ambush aid trucks, but they smile and wave at our far less tempting UN-marked jeeps. A fear of “the war after the war.” Some believe it has started already.

Persons: Arwa Damon, Arwa Damon CNN, Kerem Shalom, Karam Abu Salem, “, Karam Abu, Benjamin Netanyahu, Abdel Kareem Hana, David Satterfield, Menahem Kahana, ”, I’ve Organizations: CNN, International Network for Aid, Relief, Gazans, ”, Israel’s, KS, State Department, Carnegie Endowment, Coordination Locations: Gaza, Rafah, Egypt, Israel, Karam Abu Salem, Middle East, Kerem, AFP, Israeli, Territories, COGAT, shrugging, Baghdad

☆ Girls freed from Boko Haram in Nigeria can face further detention and abuse by military, Amnesty finds
▼ + stars: | 2024-06-10 | by ( Stephanie Busari | ) edition.cnn.com time to read: +9 min

Survivors recounted giving birth to children fathered by Boko Haram fighters, often when they were still minors themselves. They described being humiliated by soldiers who called them “wives of Boko Haram” and accused them of being behind killings carried out by the terror group. One of them, named NV in the report, said she fled Boko Haram in 2021 when she was around 20. She had been forcibly married to a Boko Haram fighter while in captivity but remarried while living in the IDP for an extended period. Many survivors of Boko Haram told Amnesty that they witnessed Boko Haram killing their relatives.

Persons: Boko Haram, Boko, ”, Samira Daoud, …, Haram, Babagana Zulum, ’, lashings, Haram … Organizations: CNN — Girls, Amnesty, Criminal, West, GN, Nigerian, NA, Nigerian Army, ” CNN, UN, Global Centre, GH Locations: Nigeria, Haram, Northeast Nigeria, Boko Haram, Central Africa, Madagali, Adamawa State, Maiduguri, Nigerian, Borno State, Borno, “, Chibok

Rafah CNN —An Israeli airstrike on Al-Shaboura refugee camp in southern Gaza’s Rafah city late Tuesday killed two young children and injured several other people, according to the Palestinian Civil Defense in Gaza and the Kuwait Hospital in Rafah. The Kuwait Hospital said the two infants were declared dead by medics shortly after they had arrived. Video obtained by CNN shows people in bloodied clothes being pulled out of civilian cars and rushed into the hospital. Pointing at the body bag, Um Rami told CNN they were her first and only grandchildren, calling them her “first joy”. A still from a video shows Palestinians being carried into Kuwait Hospital in Rafah, Gaza, after an Israeli airstrike on Tuesday, April 30, 2024.

Persons: Kareem Jarada, Mona Jarada, Um Rami Abu, Shalab, ”, Um Rami, “, CNN Um Rami, Maram Abu, “ We’re, Israel, ” “ Organizations: Rafah CNN, Palestinian Civil Defense, Kuwait Hospital, CNN, Palestine Red Crescent Society, Israel Defense Forces, IDF Locations: Rafah, Al, Gaza’s Rafah, Gaza, Palestine, Kuwait, ”

☆ Nigeria kidnapping: Chibok girl rescued after 10 years in captivity
▼ + stars: | 2024-04-19 | by ( Stephanie Busari | Michael Rios | ) edition.cnn.com time to read: +3 min

Lagos, Nigeria CNN —The Nigerian army says it has rescued one of the missing Chibok schoolgirls abducted by militant Islamic group Boko Haram a decade ago. But the abduction of the Chibok girls remains the highest-profile example of the group’s targeting of schools. A decade later: Chibok kidnapping survivors tell their storiesSurvivors of the Chibok kidnapping recently shared their harrowing experiences in captivity with CNN on the 10th anniversary of their abduction. One of them Amina Ali, 27, was forced to marry a Boko Haram fighter, spending two years in captivity, before escaping. Ishaya was also reunited with her family in 2017 after spending three years as a “slave,” treating injured Boko Haram fighters.

Persons: Chibok schoolgirls, Lydia Simon, Boko Haram, Haram, “, Amina Ali, Boko, Hannatu Stephen, Ishaya, Stephanie Busari, Michael Rios, Nimi Princewill Organizations: Nigeria CNN —, CNN, Amnesty International, West, Human Rights Locations: Lagos, Nigeria, Borno State, Haram, Islamic State, West African Province, Boko Haram, ”, Nigerian, Kuriga, Sokoto, Atlanta

☆ She Was Kidnapped a Decade Ago With 275 Girls. Finally, She Escaped.
▼ + stars: | 2024-04-14 | by ( Ismail Alfa | Ruth Maclean | ) www.nytimes.com time to read: +1 min

The girls’ boarding school in Chibok, miles behind them, had been set on fire. Then she noticed that some girls were jumping off the back of the truck, she said, some alone, others in pairs, holding hands. They ran and hid in the scrub as the truck trundled on. But before Ms. Dauda could jump, she said, one girl raised the alarm, shouting that others were “dropping and running.” Their abductors stopped, secured the truck and continued toward what, for Ms. Dauda, would prove a life-changing nine years in captivity. “If she hadn’t shouted that, we would have all escaped,” Ms. Dauda said in a series of interviews this past week in the city of Maiduguri, the birthplace of Boko Haram’s violent insurgency.

Persons: Saratu Dauda, Dauda, hadn’t, ” Ms Locations: Nigeria, Chibok, Maiduguri

☆ Nigeria: Suspected insurgents kidnap 50 people in northeastern region
▼ + stars: | 2024-03-07 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —Suspected Islamist insurgents kidnapped 50 people, mostly women, in northeastern Nigeria this week, local officials and a resident said on Wednesday, the latest mass abduction by fighters who have waged an insurgency for more than a decade. They were ambushed by gunmen and made to walk across bushy paths into neighboring Chad, the official said, adding that three of the kidnapped women managed to escape. The Nigerian Army did not respond to a request for comment. Barkindo Saidu, head of Borno’s emergency agency, said he was traveling to the area to assess the situation but was not yet ready to declare the people missing. The agency is in charge of camps housing thousands of Nigerians displaced by the insurgency.

Persons: Reuters —, Boko, Falmata Bukar, Barkindo Saidu Organizations: Reuters, Civilian, Task Force, Nigerian Army Locations: Nigeria, Boko Haram, Islamic, West Africa Province, Borno, Chad, Cameroon, Lake Chad

His entire family was now dead — his parents, his two brothers, and the wife and three children of one of those brothers. Among the dead were 27 children and 22 women, according to the Palestinian Center for Human Rights, whose researchers compiled the list from Rafah hospitals. The Israeli offensive has taken a heavy toll on women and children, with more than 12,300 Palestinian children and young teens killed in the conflict, the Gaza Health Ministry said Monday. The town and its surroundings now house more than half of the Gaza Strip’s entire population of 2.3 million after hundreds of thousands took refuge there. Already, Israel's campaign in Gaza has killed more than 28,000 Palestinians, more than 70% of them women and children, according to the Gaza Health Ministry.

Persons: — Ibrahim Hasouna trudged, Ibrahim, ” Ibrahim, Karam’s, Suzan, Youssef Najjar, Fawzi, Mohammed, Karam, Malek “, ” Israel Organizations: Palestinian Center for Human Rights, Gaza Health Ministry, Youssef Najjar Hospital, Associated Press Locations: RAFAH, Gaza, Rafah, bask, Israel

☆ Suspected Militants Kill Four Nigerian Police Officers
▼ + stars: | 2024-02-03 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

MAIDUGURI, Nigeria (Reuters) - At least four police officers were killed in Nigeria's northeast Borno state after a gun battle with suspected Islamist insurgents, a police spokesperson said on Saturday. Borno state police spokesperson Nahum Daso Kenneth said the militants had on Friday night attacked Gajiram town in the Nganzai local government area, some 82 kilometres (51 miles) from Maiduguri, the state capital. "Our men engaged them in a gun battle (and) they denied the terrorists access to the town, and repelled the attack. Unfortunately, four policemen have paid a supreme price," Kenneth said, adding that calm had returned to the town. ISWAP fighters are known to operate in Nganzai, where they carry out sporadic attacks against security forces and residents.

Persons: Borno, Haram, Nahum Daso Kenneth, Kenneth, herder, Ahmed Kingimi, MacDonald Dzirutwe, Mark Potter Organizations: Reuters Locations: MAIDUGURI, Nigeria, Nigeria's, Borno, West Africa Province, Gajiram, Maiduguri, Nganzai

Volunteers cook lentil soup to warm up displaced people drenched by rain. "Lentil soup used to be an ordinary dish that no one cared about, but for us now it's better than lamb meat. We are thankful that the lentil soup is now available to us, thanks to these volunteers," said displaced woman Mounira al-Masry. "Lentil soup is a traditional dish for Palestinians," he said. Because of this, volunteers started to think about serving lentil soup, the winter dish that can warm people."

Persons: Khan Younis, Younis Abd al, Bassam, Taghreed Jaber, Jaber, haven't, Mounira, Hussein Abu Ramadan, Estelle Shirbon, William Maclean Organizations: Volunteers, Nasser Hospital, REUTERS, Reuters, Thomson Locations: GAZA, Gaza, Israel, Gaza City, Rafah, Khan, Beit Hanoun

☆ Was Peace Ever Possible?
▼ + stars: | 2023-11-20 | by ( Moderated Emily Bazelon | A Discussion Moderated Emily Bazelon | ) www.nytimes.com time to read: +45 min

This was known as the Oslo peace process, named for the city where the secret talks took place. Micha Bar-Am/Magnum Photos Prime Minister Yitzhak Shamir of Israel during the the Middle East peace conference in Madrid, 1991. Margalit: All the Israeli leaders who negotiated for peace, starting with Rabin, were in a weak political position. Dajani: With the First Intifada, and then subsequently Madrid and Oslo, Palestinians suddenly see the possibility of agency. But what’s important to understand is that the notion of peace for Rabin, and for most Israelis, is that peace is a lack of violence from the other side.

Persons: Jordan, Israel, Yasir Arafat, Bernard Frye, Arafat, Larry Towell, Abbas, Micha, Yitzhak Shamir, Jerome Delay, Saddam, Hussein, George H.W, Bush, James A, Baker III, Baker, Shamir, Yitzhak Rabin, Rabin, Shimon Peres, —, Margalit, Saddam Hussein, Hosni Mubarak of, King Hussein of Jordan, Bill Clinton, Gary Hershon, Abu Alaa, “, ” Rabin, ” Arafat, ”, Ashrawi, Yehuda, Efraim, Susan Meiselas, Baruch Goldstein, Patrick Baz, Daoud Mizrahi, Gilles Peress, Goldstein, Matti Steinberg, Netanyahu, Bazelon, Clinton, Shikaki, Manal Jamal, didn’t, Dennis Ross, Omar, Camp David, Ehud Barak, Md, Ralph Alswang, Christopher Anderson, Motasm Amir, Barak didn’t, Barak, David, Dajani, Emily, Arafat —, Ross, Mary, Nobody, Arafat didn’t, Hosni Mubarak, Mubarak, El, there’s, There’s, Robert Malley, Hussein Agha, ” Barak, Sharon, It’s, Yarden Romann, Peter van Agtmael, Khan Younis, Yousef Masoud, Khan, Ahmad Hasaballah, Ziv Koren, they’re, Dan, Avishai, Omar Dajani, Taba, Dana El Kurd, Efraim Inbar, ‘ ‘ Rabin, ’ ’, Daniel Kurtzer, Avishai Margalit, George Kennan, Van, Khalil Shikaki, Limor Yehuda, Emily Bazelon, Nabil Ismail, Pascal, Said, Ulf Andersen, Getty, Menahem Kahana, Abdel, Shafi, Maggie Ohayon, Yigal Amir, Yoav Lemmer, Jack Guez, Olmert, Moshe Milner, Ami, Dani Cardona, Awad Awad, Obama, Ben Gershom Organizations: United Nations, West Bank, Associated, Palestine Liberation Organization, U.S, Soviet Union, Palestinian, Madrid didn’t, Bank, White, Agence France, Presse, Getty Images, Oslo Accord, White House, Reuters, Israel’s Labor Party government, Bazelon, Oslo Palestinian, Getty, West, Shin, Gross, . Security, Camp, Camp David Summit, Labor Party, NPR, American, New York Times, Polaris, Labor, United, McGeorge School of Law, University of the, Israel, Camp David, University of Richmond, Arab Center Washington, Jerusalem Institute for Strategy, Security, Shalem College, Bar, Ilan University, Sadat Center, Strategic Studies, Israel’s National Security, Princeton University’s School of Public and International Affairs, Hebrew University of Jerusalem, Institute for, Princeton, Israel Academy of Sciences, Humanities, Van Leer Jerusalem Institute, Palestinian Center, Policy, Research, Crown Center for Middle East Studies, Brandeis University, Gaza, Hebrew University, Haifa University, Human, The New York Times Magazine, Mount Locations: Israel, Jordan, Gaza, Egypt, Jerusalem, Zion, Munich, Tunisia, Oslo, American, Oslo Gaza, Palestine, Madrid, Kuwait, United States, Soviet, Lebanon, Syria, Jordanian, America, Washington, U.S, Hosni Mubarak of Egypt, U.N, Independence, Palestinian, Sudan, Libya, Yemen, Iraq, Rafah, Hebron, Ibrahimi, West Bank, Judea, Samaria, Yehuda, Camp David, Jenin, Haram, Al Aqsa, Khan, Kfar Aza, Khan Younis, Ahmad, Old, Ireland, Bosnia, Tel Aviv, Iran, Athens, El, Camp, Israeli, Van Leer, Ramallah

And they shot me.”From a dark room in Gaza’s Al Quds hospital, Farah Abuolba speaks matter of factly into the camera. Israel’s siege of Gaza has been the unexpected coda to her first trip to see extended family in the enclave. I feel like I’m dead.”His daughter celebrated her 17th birthday from her hospital bed in Al Quds, in Gaza City. Farah Abuolba was among the patients evacuated, her father said, and was on her way to southern Gaza. CNN has been unable to reach her. Abuolba, who has lived in the US since 2007, said he thought the United States should do more to protect American citizens in Gaza like his daughter.

Persons: I’m, Farah Abuolba, “, ” Abuolba, Antony Blinken, Abuolba, “ I’m, ”, Karam Abuolba, Shifa, PRCS, it’s, Blinken, Israel –, –, Joe Biden, Biden, Benjamin Netanyahu Organizations: CNN, Israel Defense Forces, State Department, IDF, Palestine Red Crescent Society, Palestinian Health Ministry, Biden Administration, US, United Nations Locations: American, Gaza’s Al Quds, Rafah, Egypt, Gaza, Israel, Pennsylvania, Al Quds, Gaza City, Gaza’s, Al, Palestinian, Palestine, United States, America

Liu got the librarian job after a government-led campaign to secure temporary work for graduates, which analysts describe as a short-term solution to preserve social stability in a slowing economy with little on offer for young Chinese. Such "welfare jobs," as they are known in China, include roles as receptionists, office administrators, security guards and community workers. Various government institutions offer such jobs every year, but they had usually drawn applications from disadvantaged groups, such as elderly or disabled people. But state media editorials have also encouraged young graduates to take lower skilled jobs. Reuters GraphicsThe total take-up of short-term jobs and internships remains unknown, but social media posts commenting on the selection process and discussing career options are frequent and analysts expect such roles will be in demand in a slowing economy.

Persons: Peter Liu, Liu, Wang Jun, joblessness, Mao Zedong, Chen, Graphics Liu, Kripa Jayaram, Ellen Zhang, Shri Navaratnam Organizations: Reuters, Human Resources, Social Security, Huatai Asset Management, Graphics, Beijing, Thomson Locations: BEIJING, HONG KONG, Beijing, Henan, China, Chongqing

☆ How the Nigerian military fatally shot a young captive
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +19 min

The Nigerian government and military – including the presidency, Ministry of Defence, defence headquarters and army leaders – did not respond to detailed questions for this story. Various entities have accused Nigerian security forces of other abuses in connection with killings of civilians and captives. Two security force members told Reuters they saw multiple prisoners brought out of the barracks and shot after the fighting ceased. Tweets from Nigerian defence headquarters in Abuja show the military declared the hostilities over shortly after 11 a.m. Nine shots fired A uniformed security force member shot nine rounds at the young captive, pulling the trigger at least seven times, according to forensic audio experts who listened to the recording at Reuters’ request.

Persons: Melanie O’Brien, –, Ocampo, Christopher Musa, Musa, ” Musa, “, extrajudicially, Michael Oluoha Agi, ’ ”, ”, Boko, ‘ Allahu akbar ’, Yahaya, Haram, Biu, Bellingcat, Belllingcat, Chris Olukolade, Emmanuel Emeka, Emeka, Reade Levinson, David Lewis, Tim Cocks, Carlos Gonzales, Paul Carsten, Daphne Psaledakis, Stephanie van den Berg, Youri van, Adolfo Arranz, Sam Hart, Feilding, Julie Marquis, Alexandra Zavis Organizations: Reuters, International Association of, Nigerian, Ministry of Defence, ICC, Islamic, Human Rights Commission, United Nations, Twitter, Nigerian Army, Nigerian Air Force, Human Rights Watch, Amnesty International, U.S . State Department, U.S, Boko, Civilian, Task Force, Defence, Facebook, 231, Battalion, 331 Artillery Regiment Locations: Geneva, Nigeria, Haram, Islamic State West Africa Province, Nigerian, United States, Britain, U.S, Biu, Boko Haram, Abuja, Largema

☆ Ford to add more Tesla EV chargers to its network
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

Oct 30 (Reuters) - Ford Motor (F.N) said on Monday it would add more of Tesla's Superchargers to its electric-vehicle charging network, higher than previously forecast, as automakers tap into the EV leader's sprawling charger network to expand the range of their cars. Ford will now add over 15,000 of Tesla's Superchargers to its network, up from its earlier projection of 12,000 chargers. These three providers would bring more than 10,000 new chargers to the network, including more than 550 new DC fast chargers. BlueOval combines multiple charging networks to provide access to the largest North American public charging network offered by automotive manufacturers. The development comes months after Ford struck a deal with Tesla to allow EV owners gain access to the biggest network of high-speed Superchargers in the United States in early 2024.

Persons: Ford, BlueOval, Tesla, Abhijith Ganapavaram, Shilpi Majumdar Organizations: Ford, EV, U.S, Francis Energy, Ford EV, Shell, Thomson Locations: North America, Canada, America, United States, Bengaluru

FDI in Brazil fell 36% in the first eight months of 2023 to $37.9 billion. Currently, investors in long-term projects in Brazil with exposure to foreign currency pay taxes on currency appreciation over the course of the project - which the central bank has long flagged as a deterrent for FDI. Haddad said he was confident that policymakers had found a tool to shield investors from currency risks keeping them away. Executive orders in Brazil have immediate validity but must be endorsed by lawmakers within four months or they expire. Without that measure, Haddad said it will be "very challenging" to erase the deficit in next year's budget bill.

Persons: Fernando Haddad, Haddad, Luiz Inacio Lula da, Marcela Ayres, Bernardo Caram, Brad Haynes, Christopher Cushing Organizations: Finance, Reuters, Sao Paulo, leftist Workers Party, Executive, Thomson Locations: BRASILIA, Brazil, Brasilia, Sao, United States

"Our strike is working, but we’re not there yet," UAW President Shawn Fain said in a livestreamed update on negotiations with the three automakers. Threatening to strike against GM's Arlington, Texas, plant that makes cash-cow SUVs like the Cadillac Escalade spurred GM to agree that EV battery factories would become union plants with UAW contracts, Fain said. GM is building three Ultium joint-venture battery plants with South Korea's LG Energy Solution (373220.KS). GM is building a fourth U.S. battery plant with Samsung SDI (006400.KS) in Indiana. Fain also said on Friday that the UAW could still strike against highly profitable pickup truck plants if progress stalls.

Persons: Rebecca Cook, General Motors, we’re, Shawn Fain, GM's, Fain, Sam Fiorani, Ultium, Harley Shaiken, Jim Farley, Ford, Stellantis, Mark Stewart, Tesla, Elon, we've, walkouts, Joe White, David Shepardson, Abhirup Roy, Dan Burns, Ben Klayman, Abhijith, David Gaffen, Peter Henderson, Nick Zieminski, Matthew Lewis Organizations: United Auto Workers, General Motors Lansing Delta, Michigan U.S, REUTERS, Detroit Three, UAW GM, UAW, GM, Ford, Detroit, General, Ford Motor, Chrysler, EV, AutoForecast Solutions, Korea's LG Energy, Democratic U.S, Samsung SDI, University of California, LG, Samsung, American, Reuters Graphics Reuters, Thomson Locations: Delta Township, Michigan, DETROIT, GM's Arlington , Texas, U.S, Ohio, Indiana, Berkeley, Milan, Detroit, Washington

☆ Opinion | The Wagner Group Is Always Ready for a Coup
▼ + stars: | 2023-08-11 | by ( Colin P. Clarke | ) www.nytimes.com time to read: +3 min

But the nation’s successive elected governments were at least willing to cooperate with Washington, allowing the U.S. military to conduct regional counterterrorism activities. Washington has stopped short of calling the crisis a coup — a move that would require the United States to halt security and economic assistance. Wagner will be ready. Their operations have frequently resulted in the deaths of civilians, with credible accusations of sexual violence, torture and extrajudicial killings. Within days of Wagner’s aborted advance on Moscow, Russia’s foreign minister, Sergei Lavrov, said that Wagner’s African footprint would remain.

Persons: Jama’at Nusrat al, Barkhane, jihadists, Wagner, —, Al Qaeda, Bazoum, Prigozhin’s, Wagner’s, Sergei Lavrov, Prigozhin, Putin Organizations: U.S, United, Nigerien, Islamic, West, Central African, Kremlin Locations: Sahel, Africa, Islamic State, Greater Sahara, Haram, Islam, Niger, Washington, United States, America, Mali, Libya, Central African Republic, Sudan, Moscow, St . Petersburg

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. The new labor agreement will add $80 million to annual costs, Spirit said. In the second quarter, the company absorbed $28.3 million in cost related to the new labor deal as well as $7.3 million in strike disruption charges. However, the strike did impact our production and deliveries, as reflected in earnings and cash flow," Chief Executive Officer Tom Gentile said. Cash burn was $211 million for the three months through June, the company said, compared to $79 million a year earlier.

Persons: Benoit Tessier, Spirit, Tom Gentile, Cash, Refinitiv, Abhijith Ganapavaram, Valerie Insinna, Sriraj Kalluvila, Mark Porter Organizations: Boeing, International Paris Air, Le, REUTERS, International Association of Machinists, Aerospace Workers, Airbus, Revenue, Thomson Locations: Le Bourget, Paris, France, Wichita , Kansas, Wichita

☆ Bank of England caught between inflation fight and recession risk
▼ + stars: | 2023-08-02 | by ( William Schomberg | ) www.reuters.com time to read: +5 min

A woman carrying a Union Flag umbrella stands near the Bank of England in the City of London, Britain, July 30, 2023. Analysts and investors are mostly expecting a quarter-point increase in Bank Rate, taking it to a 15-year high of 5.25%. But they also say they must quash an inflation rate that is the highest among major economies. INFLATION THREATBritish consumer price inflation fell by more than expected in June to 7.9% in annual terms, down sharply from 8.7% in May. Reuters GraphicsHOUSING MARKETThe most obvious impact of the increase in the BoE's Bank Rate from 0.1% in December 2021 to the current 5.0% has been in the housing market.

Persons: Adams, BoE, Andrew Bailey, Bailey, GfK, Sumanta Sen, Kripa Jayaram, Vincent Flasseur, Tomasz Janowski Organizations: Flag, Bank of England, City of, REUTERS, Analysts, Reuters, Nationwide, Halifax, insolvencies, Reuters Graphics LABOUR, Reuters Graphics Reuters, Reuters Graphics, Thomson Locations: City, City of London, Britain, BoE's, England, Wales, Germany

☆ UK economy shows strains and gains, complicating Bank of England's job
▼ + stars: | 2023-07-12 | by ( William Schomberg | ) www.reuters.com time to read: +5 min

But the BoE is also aware that the economic impact of its 18-month campaign of rate hikes has yet to be felt fully. Below is a summary of key measures of the economy that the BoE will be watching before its next announcement on interest rates on Aug. 3. INFLATION THREATBritish consumer price inflation held at 8.7% in annual terms in May, down from a peak of 11.1% last October but the highest among the Group of Seven advanced economies. Reuters GraphicsINSOLVENCIESThere are signs that companies, especially smaller ones, are struggling as borrowing costs rise and the economy barely grows. Reuters GraphicsGraphics by Sumanta Sen, Kripa Jayaram and Vincent Flasseur; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: BoE, GfK, Sumanta Sen, Kripa Jayaram, Vincent Flasseur, Paul Simao Organizations: Bank of England's, Reuters Graphics Reuters, Nationwide, Halifax, Reuters, insolvencies, Wales, Reuters Graphics LABOUR, Thomson Locations: BoE's, Britain, England, Germany

☆ Costco is taking a page out of Netflix's playbook and cracking down on shared membership cards. Wall Street is thrilled.
▼ + stars: | 2023-06-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Costco is cracking down on shoppers that borrow a friend of family's membership card at checkout. Netflix stock has jumped more than 20% since its password sharing crackdown began in the US in late-May. "Our membership policy states that our membership cards are not transferable and since expanding our self-service checkout, we've noticed that non-member shoppers have been using membership cards that do not belong to them," Costco said in a statement. This strategic move allows Costco to increase its membership revenue without necessarily raising its annual membership fee," Sundaram said. So far, Wall Street is receptive of Costco's recent crackdown, with the stock up about 2% since the policy crackdown was revealed on Tuesday.

Persons: —, Costco, Arun Sundaram, Sundaram Organizations: Costco, Netflix, Service, Research

MUMBAI, June 27 (Reuters) - Goswami Infratech, a Shapoorji Pallonji group entity, closed India's largest debt issue from a low-rated company on Tuesday, signalling growing interest in high-yielding debt from local and global private credit funds, bankers and fund managers said. Goswami Infratech accepted bids worth 143 billion rupees ($1.74 billion), including from Edelweiss Special Opportunities Fund, Davidson Kempner, Ares Capital Management, Varde Partners and Cerberus Capital Management, the bankers said. "We are seeing money coming in from global asset managers, international development financial institutions and large pension funds in Indian private credit funds," said Vineet Sukumar, founder of Vivriti Asset Management, which also manages a private credit fund. Two recent changes in regulation have also provided a boost to private credit funds. The tweaks have led to more funds from high net worth individuals and family offices flowing into private credit funds, while elevated yields are further leading to attractive investment opportunities.

Persons: Goswami Infratech, Davidson Kempner, Sukumar, Ajay Manglunia, Saurabh Jhalaria, Karthik Athreya, Sundaram, Dharamraj Dhutia, Bhakti, Sohini Goswami Organizations: Edelweiss, Fund, Ares Capital Management, Varde Partners, Cerberus Capital Management, Deutsche Bank, Standard Chartered Bank, Ares, Vivriti Asset Management, JM Financial, EY, Asset Management, Thomson Locations: MUMBAI, India

☆ Analysis: Why Walmart's new bet on fashion brands, home decor threatens specialty chains
▼ + stars: | 2023-06-15 | by ( Siddharth Cavale | ) www.reuters.com time to read: +5 min

She told Walmart investors its strategy is to "democratize fashion" or convert the company's core, price-conscious shoppers into style-conscious shoppers. It would probably be the rest of the market that should be worried," he said pointing to apparel retailers such as Carhartt. Walmart accounts for 4.6% of the $560.4 billion U.S. apparel market, followed by TJX, Target and Ross at 4.4%, 4.1% and 2.8%, respectively, according to GlobalData. Bankrupt Bed Bath and Beyond was a leader in the home decor and furnishing industry along with furniture chains Ikea and Wayfair. In 2005, Walmart's Metro 7 fashion brand tanked and later designer lines with Max Azria and Norma Kamali also withered.

Persons: Walmart Supercenters, Drew Barrymore, Sofia Vergara, Denise Incandela, George, Ralph Lauren, Rosenblum, Privately, Refinitiv, TJX, Ross, Brandon Maxwell, Clea Shearer, Joanna Teplin, fryer, Sofia Jeans, Vergara, Arun Sundaram, Sundaram, Max Azria, Norma Kamali, Siddharth Cavale, Vanessa O'Connell, David Gregorio Our Organizations: Walmart, Reebok, Saks, Tilly's Inc, Abercrombie, Fitch, Bravo, Netflix, Bed, Amazon.com, Walmart's Metro, Thomson Locations: Bath, U.S, Bed Bath, Walmart's, New York

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