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☆ As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose
▼ + stars: | 2024-05-13 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +28 min

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Persons: Dave Langston’s, Langston, ”, Dave, Linda Langston, Conn ., S.D, N.M, “, Dave Jones, Carolyn Kousky, “ It’s, Sridhar Manyem, Bill Montgomery, Kristin Heiges, Eldon Neighbor, That’s, Tom O’Meara, Kelsey Kremer, Reinsurers, Doug Ommen, Brandi Mace Storm, David Storm, Tim Kuehner’s, Brandi Mace Storm’s, haggling, Pekin, Mace Storm, Susan Crisler, Tim Kuehner, Tony J, Larson, Chesleigh Fowler, Kelley Erstine, Mr, Erstine, ” Kevin Walters, California Colorado Utah Washington Matt Child, Matthew Baker, Ariz, ” Mr, Baker, Amy Bach, United, Dave Langston, Ommen, Tim Zawacki, Lyndsey Layton, Douglas Alteen, Claire O'Neill, Matt McCann Organizations: IOWA MINNESOTA SOUTH, COLORADO ARKANSAS, NEBRASKA COLORADO, SOUTH, New York Times, Ark . Iowa Ariz, Minn, La . Iowa Iowa Neb, Neb . Texas Idaho Ga, ND Iowa, S.D . Miss, Wash . Ohio Utah Wis, University of California Berkeley, Treasury Department, Environmental Defense Fund, State, NOAA, Celina Insurance, Secura Insurance, Secura, Homeowners, Swiss, Des Moines Register, Associated, “, Iowa, Iowa Minnesota Wisconsin, Pekin Insurance, Pekin, Christensen Group Insurance, Travelers, Nationwide, Indiana Ohio Michigan Illinois, . Arkansas Kentucky Florida Tennessee, Tennessee Department of Commerce and Insurance, ”, Washington, Wildfire, California Colorado, California Colorado Utah Washington, P Global Market Intelligence Locations: Iowa, IOWA MINNESOTA, IOWA MINNESOTA SOUTH DAKOTA NEBRASKA, COLORADO, COLORADO ARKANSAS KENTUCKY ILLINOIS, IOWA MINNESOTA SOUTH DAKOTA, NEBRASKA COLORADO ARKANSAS, KENTUCKY ILLINOIS, SOUTH DAKOTA NEBRASKA, COLORADO ARKANSAS, Iowa , Minnesota, South Dakota , Nebraska , Colorado , Arkansas , Kentucky, Illinois, Cedar Rapids, Cedar Rapids , Iowa, Marshalltown , Iowa, Florida , California, Louisiana, Iowa , Arkansas , Ohio, Utah, Washington, Colo, Mass, Colo . Calif, Calif, Colo . Ala, Colo ., Mont, Fla, Ark . Iowa, Colo . Ill, S.D, N.D, Conn, Del . Idaho Fla, Miss, Neb ., Ky, Ga, Hawaii Mont, N.M . Iowa Fla, Mont ., La . Iowa, Neb . Texas Idaho, ND, Md, Ill, Wyo, Ill . Idaho, . Ill, Minn, Ind, S.D . Vt, La . Texas Mont, Neb . NC, Neb . Mich, N.M, S.D ., Va . Ore . Ohio Mo . Texas, Tenn, Wash . Ohio Utah, Okla, Tenn . Utah, Wis, S.D . Va . Ore . Ohio Mo . Texas, California, American, U.S, Pennsylvania, Arizona, Wisconsin, United States, Marshalltown, Iowa Minnesota, Iowa Minnesota Wisconsin South Dakota, Celina, Pekin, Des Moines, Minnesota, Illinois , Indiana , Ohio, Illinois , Indiana, Michigan, Arkansas, Kentucky, Tennessee, . Arkansas Kentucky Florida, Georgia , Kentucky, Mississippi, Washington State, California Colorado Utah, Salt Lake City, Phoenix, Flagstaff, it’s, Gilbert, Seattle, Colorado, Florida’s, Central City , Iowa, Georgia

☆ In-N-Out's billionaire heiress started out working kitchen shifts at the chain when she was a teenager because she didn't want 'special treatment'
▼ + stars: | 2024-04-11 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Lynsi Snyder, whose grandparents founded In-N-Out Burger, started working at the chain as an associate. "There's a stigma that can come with being, you know, the owner's kid," she told NBC's TODAY. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBillionaire In-N-Out Burger heiress Lynsi Snyder said she started out working shifts at the cult West Coast burger chain as a teenager because she wanted to be respected.

Persons: Lynsi Snyder, Burger, NBC's, Snyder, — Organizations: Service, NBC's, Business Locations: Burger, Redding , California

☆ Former Bowlero exec says company threatened to report him to FBI in proposed extortion, retaliation suit
▼ + stars: | 2024-04-09 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +11 min

Equal Employment Opportunity Commission alleging they were fired based on their age or out of retaliation, according to company securities filings and the proposed countersuit. Bowlero says that Tanase resigned and then had a change of heart when he realized he wouldn't get severance pay. Now, Tanase is seeking the court's permission to countersue Bowlero and the company's executive vice chairman, Brett Parker. I've told you this before," said Tanase, according to the transcript. He also claims Bowlero sued him to deter him from filing a complaint with the EEOC or serving as a witness in its investigation into Bowlero.

Persons: Bowlero's, Thomas Tanase, Bowlero, Tanase, Thomas Shannon, countersue Bowlero, Brett Parker, Parker, Daniel Dowe, he'd, haven't, I've, Alex Spiro, Quinn Emanuel, Elon Musk, Alec Baldwin, Spiro, Scott Pickus, Pickus, Shannon Organizations: Bowlero, U.S, AMF, Lucky, Federal, CNBC, FBI, Elon Locations: Virginia, North America, Bowlero

☆ A Taco Bell franchisee has shut the dining rooms of at least 3 restaurants in Oakland over crime fears
▼ + stars: | 2024-03-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

A Taco Bell franchisee has shut the dining rooms of some restaurants in Oakland over crime fears, CNN reported. On Taco Bell's website, three of the five Oakland restaurants are only open for drive-thru. AdvertisementA Taco Bell franchisee has shut the dining rooms of at least three restaurants in Oakland over fears about crime. The dining rooms of restaurants on Bancroft Avenue, 35th Avenue, and Telegraph Avenue are all listed as closed on Taco Bell's website, though the drive-thrus remain open. Taco Bell told CNN that the dining rooms were closed by the franchisee operating the restaurants, Diversified Restaurant Group.

Persons: —, Taco Bell Organizations: Taco Bell, CNN, Bell's, Service, Taco Bell's, Business Locations: Oakland

☆ Bitcoin's back on top, but it's not a boon for everyone in the space
▼ + stars: | 2024-03-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at bitcoin's latest rally and what's driving it so high this time around . The milestone comes amid a massive rally for bitcoin over the past month, where its price has surged almost 60%. Business Insider's Phil Rosen has a full rundown on what's pushing bitcoin's price so high this time . SOPA Images / GettyA boon for bitcoin doesn't mean everyone in the space wins. The insider I spoke to said there's no single, agreed-upon narrative for what's driving crypto toward a new peak.

Persons: —, you've, Phil Rosen, BlackRock's, Jamie Dimon, there's, Tom Williams, Doom, Roubini, BofA, Li Qiang, headwinds, Mark Zuckerberg's, Andrew Bosworth, Sam Altman's, Altman, Hugo Herrera, Lachlan Murdoch, Nordstrom, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Bitcoin, JPMorgan, Bank of America, Beijing, Apple, Getty, European Commission, Employees, BI, Boomers, Fox, Target Locations: bitcoin, China, Chengdu, Southwest China's Sichuan, New York, London

☆ World Court Holds Hearings on Israel's Occupation of Palestinian Territories
▼ + stars: | 2024-02-16 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +4 min

By Stephanie van den BergTHE HAGUE (Reuters) - A record 52 states will present arguments about the legal consequences of Israel's occupation of the Palestinian territories at the International Court of Justice (ICJ), the U.N.'s highest legal body. The ICJ's six days of hearings starting on Monday come after the U.N. General Assembly asked the court in 2022 for an advisory, or non-binding, opinion on the occupation. It is the second time the U.N. General Assembly has asked the ICJ, also known as the World Court, for an advisory opinion related to the occupied Palestinian territory. “The International Court of Justice is set for the first time to broadly consider the legal consequences of Israel’s nearly six-decades-long occupation and mistreatment of the Palestinian people,” said Clive Baldwin, senior legal adviser at Human Rights Watch. While Israel has filed a written statement with the court, it has not asked to participate in the hearings.

Persons: Stephanie van den Berg, Omar Awadallah, Israel’s, ”, Clive Baldwin, Josie Kao Organizations: HAGUE, Reuters, International Court of Justice, General Assembly, Palestinian Foreign Ministry, Israel, West, General, West Bank, Court of Justice, Human Rights Watch, Governments, Court, United Nations Locations: Palestinian, Israel, Gaza, West Bank, East Jerusalem, Palestine, Egypt, West, Africa, Holy City, Jerusalem, United States, Russia, China, South Africa

☆ The GOP could be about to cost Ukraine the war
▼ + stars: | 2024-02-14 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +8 min

But House Republicans under Speaker Mike Johnson have no plans to take up the deal, effectively blocking the $60 billion in Ukraine aid it includes. AdvertisementThe war has reached a stalemate even with this support, and a sudden shortage as could come this year drastically weakens Ukraine’s war effort against Russia, analysts told Business Insider. Without US arms support, Ukraine will simply be outgunned and more of its troops will die, experts warn. Other aid will save Ukraine just for monthsA Ukrainian defeat would not be immediate, as Europe could step up its military aid, Herbst said. Losing Ukraine would come at a devastating cost for NATO and the USThese dynamics are perilous for Ukraine and its backers.

Persons: —, Mike Johnson, John Herbst, Herbst, Ukraine’s, Gustav Gressel, Stringer Mark Cancian, they'd, Cancian, Vladimir Putin, Johnson, Hakeem Jeffries Organizations: Service, Business, Patriot, Council’s Eurasia Center, Archer Artillery, Roman, Getty, American Enterprise Institute, Martens, European Council, Foreign Relations, REUTERS, US Marine Corps, Center for Strategic, International Studies, NATO, Russia, Democrats, House Republicans Locations: Ukraine, Israel, Taiwan, Russia, Ukrainian, Iran, North Korea, Donetsk Oblast, Europe, Zaporizhzhia region, Russian, Soviet Union, Belarus, Africa, Balkans, America

UNITED NATIONS (AP) — Russia accused the United States on Monday of aggression against Iraq and Syria aimed at preserving its global dominance and salvaging the Biden administration’s “image” ahead of U.S. elections. Many council members expressed fears of a growing Mideast conflict and urged de-escalation and stepped-up peace efforts. Wood stressed that the United States doesn’t want more conflict in a region where it is “actively working to contain and deescalate the conflict in Gaza." "And we are not seeking a direct conflict with Iran,” Wood said “But we will continue to defend our personnel against unacceptable attacks. Ambassador Zhang Jun, a Russian ally, echoed her concerns about escalating tensions and actions, and pointed a finger at the United States.

Persons: Russia’s U.N, Vassily Nebenzia, ”, Robert Wood, Wood, ” Wood, “, Iran’s U.N, Amir Saeid Iravani, ” Iravani, ” U.N, Rosemary DiCarlo, Antonio Guterres, U.N, Zhang Jun, ” Zhang, Algeria’s U.N, Amar Bendjama, ” Bendjama Organizations: UNITED NATIONS, —, Biden, Security, U.S, . Army Locations: — Russia, United States, Iraq, Syria, U.S, Iranian, Russia, Syria’s, Israel, Lebanon, Sea, Yemen, Syrian Arab Republic, Russian, Iran, Jordanian, Monday’s, Gaza

☆ Attacks on ships in the Red Sea are disrupting global trade. Here’s how it could affect what you buy
▼ + stars: | 2024-01-28 | by ( ) www.cnbc.com time to read: +8 min

Attacks on ships in the Red Sea are delivering another shock to global trade, coming on top of pandemic-related logjams at ports and Russia's invasion of Ukraine. The normal route — three weeks via the Suez Canal — has been shut down by the Houthi attacks. Chief executive Stuart Machin said the Red Sea trouble was "impacting everyone and something we're very focused on." For Europe, the impact is even bigger: 40% of clothes and 50% of shoes traverse the Red Sea. Norwegian fertilizer giant Yara said it was "only mildly impacted by the transit challenges in the Red Sea."

Persons: It's, Petersen, Ryan Petersen, Clifton Broumand, Broumand, it's, Tesla, Spencer, Stuart Machin, Steve Lamar, Lamar, Flexport, Katheryn Russ, Davis, Judah Levine, Freightos, Russ, Obama, Carlos Tavares, Stellantis, Jan Hoffmann, Frank Conforti, Conforti Organizations: Galaxy, Houthis Media, Getty, Machine, Hamas, Volvo, Suzuki Motor Corp, American Apparel & Footwear Association, University of California, U.S . Federal Reserve, BMW, Retailer Urban Outfitters, Free People Locations: Iran, Yemen, Anadolu, Greater Landover , Maryland, Taiwan, China, Gaza, Panama, Asia, Europe, United States, Suez, Africa, Ukraine, Belgium, Germany, British, Maryland, Los Angeles, Berlin, Swedish, Ghent, Hungary, Japan, U.S, overcapacity, Red, Israel, India

A new one-page indictment delivered by the grand jury Friday alleges Baldwin caused Hutchins' death — either by negligence or “total disregard or indifference” for safety. Defense attorneys for Baldwin indicate they'll fight the charge, which carries a potential prison sentence of up to 18 months. The indictment provides prosecutors with two alternative standards for the felony involuntary manslaughter charge against Baldwin. Mangels said a grand jury indictment is by no means an assurance that prosecutors will prevail at trial. “Just getting an indictment from a grand jury in no way means the prosecution has a slam dunk case or even a strong case,” she said.

Persons: — Alec Baldwin, “, Baldwin, Halyna Hutchins, Joel Souza, Hutchins, they'll, Lucien, Michael Haag, ” Michael Haag, ” Baldwin, Prosecutors, John Day, ”, Kari Morrissey, Jason Lewis, “ Rust, armorer Hannah Gutierrez, Reed, Kate Mangels, Glenn Ellington, Gutierrez, Luke Nikas, Alex Spiro, —, David Halls, Sarah Zachry, Zachry, Mangels Organizations: SANTA FE, Forensic Science Services, FBI Locations: SANTA, New Mexico, Santa Fe, Arizona, Los Angeles

☆ Dollar gains on yen, bitcoin edges up before expected SEC decision
▼ + stars: | 2024-01-10 | by ( ) www.cnbc.com time to read: +3 min

The SEC was expected to announce later in the day whether it will approve applications from asset managers Ark Investments and 21Shares (ABTC.S) to launch a spot bitcoin ETF. More than a dozen bitcoin ETF applications - including from BlackRock (BLK.N), Fidelity and VanEck - are also pending with the agency. The Consumer Price Index (CPI) due out on Thursday is the next likely driver of dollar direction. It is expected to show that headline inflation rose 0.2% in the month and by 3.2% on an annual basis. Anticipation of a positive SEC decision on ETFs, which is likely to draw billions of dollars in new investments, has boosted bitcoin prices in the past two months.

Persons: Exchange Commission's, Marc Chandler, Chandler, bitcoin, Chris Weston, Ethereum Organizations: Federal Reserve, U.S . Securities, Exchange, SEC, Ark Investments, BlackRock, Fidelity, Institute for Supply Management, Index, Fed, Bank of Japan Locations: U.S, Bannockburn, New York, Japan

"The situation is getting worse by the hour," Richard Peeperkorn, WHO representative in Gaza, told reporters via video link. "There's intensified bombing going on all around, including here in the southern areas, Khan Younis and even in Rafah." Thomas White, Director of Affairs at the U.N. Palestinian agency in Gaza, said a population of more than 600,000 had been ordered to move to escape bombardment. The WHO's Peeperkorn said the agency had complied with an Israeli order to remove supplies from warehouses in Khan Younis. Reporting by Emma Farge and Gabrielle Tétraut-Farber; Editing by Rachel More and Janet LawrenceOur Standards: The Thomson Reuters Trust Principles.

Persons: Fadi Shana, Khan Younis, Richard Peeperkorn, There's, Peeperkorn, Thomas White, White, James Elder, I've, Tedros Adhanom Ghebreyesus, Israel, Emma Farge, Gabrielle Tétraut, Farber, Rachel More, Janet Lawrence Organizations: Hamas, REUTERS, WHO, Health Organization, United Nations, UNICEF, Thomson Locations: Israel, Palestinian, Rafah, Gaza, GENEVA, ., Cairo, Khan

A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.

Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid

Though aerospace and defense funds understandably haven't done well in this year's faltering market, some individual stocks have posted substantial gains. U.S. support in what's turning out to be a long war in Ukraine will likely push overall contractor spending higher, benefitting aerospace and defense companies. In this era of high-tech warfare, when strategic military engagement is more about digital systems and aerial weapons than boots on the ground, aerospace and defense companies are advantageously positioned. Lucrative products include fighter jets, helicopters, parts for them, avionics products, missile guidance system, drones and anti-drone technology and support services. Curtiss-Wright Corp (CW) Projected five-year annual earnings growth: Data was not available.

Persons: Lockheed Martin, Giuseppe Cacace, Northrup Grumman, Howmet's, Wright, Woodward, Gerald R, Ford Organizations: US Air Force, USAF, Lockheed, Maktoum International Airport, Afp, Getty, U.S, Publicly, General Dynamics, TransDigm, Inc, Parsons Corp, U.S . Department of Defense, Missile Defense Agency, State Department, Department of Homeland Security, Department of Energy, Federal Aviation Administration . Products, Aerospace, Curtiss, Wright Corp, CW, N.C . Products, Woodward Inc, Huntington Ingalls Industries, Coast Guard, Ford, Pentagon Locations: Dubai, Al, Maktoum, Ukraine, Israel, Gaza, what's, Virgina, Washington, Davidson, N.C, Fort Collins , Colorado

[1/9] A vehicle carrying hostages released as part of a deal between Israel and Palestinian Islamist group Hamas, drives by, in Ofakim, Israel, November 30, 2023. Israel, according to the reports, is demanding at least 10 hostages be released on Thursday, with women and children prioritised. Fighters should "remain on such footing unless an official statement is issued confirming the extension of the truce," the statement added. Two Palestinian officials earlier told Reuters that talks were continuing over a possible extension of the truce, but no agreement had yet been reached. Hamas released 16 more hostages on Wednesday, the final day of a two-day extension to the truce.

Persons: Alexander Ermochenko, Antony Blinken, we'll, Blinken, prioritised, Joe Biden, Beinin, Majed Al, Ansari, Jordan, U.N, Antonio Guterres, Nidal al, Mohammed Salem, Emily Rose, Grant McCool, Lincoln, Cynthia Osterman, Raju Gopalakrishnan Organizations: Hamas, REUTERS, U.S, Brigades, Reuters, Health, Qatar’s Ministry of Foreign Affairs, . Security Council, Security, Thomson Locations: Israel, Palestinian, Ofakim, GAZA, JERUSALEM, Gaza, Tel Aviv, Brussels, Hamas, U.S, Dutch, Qatar, China, Cairo, Jerusalem

Shein has not determined the size of its offering or the valuation at IPO, the sources said. Shein, Goldman and JPMorgan declined to comment, while Morgan Stanley did not immediately respond to a request for comment. The most valuable China-founded enterprise to go public in the United States so far is ride-hailing giant Didi Global's (92Sy.MU) debut in 2021 at $68 billion valuation. In 2021, the comparable number was $300 billion when the IPO market was close to its peak. Fast fashion retailers have been gaining popularity in the United States, with Shein taking away market share from the likes of Gap (GPS.N) as shoppers look for fresher styles.

Persons: Goldman Sachs, JPMorgan Chase, Morgan Stanley, Shein, Goldman, Didi Global's, Jason Benowitz, David, Dee, Delgado, CSRC, Simon Property, Sumeet Singh, It's, Pritam Biswas, Ananya Mariam Rajesh, Kane Wu, Anirban Sen, Rishabh, Scott Murdoch, Miyoung Kim, Stephen Coates Organizations: Amazon, JPMorgan, Bloomberg, Arm Holdings, Roosevelt, REUTERS, China Securities Regulatory Commission, U.S, Reuters, Securities and Exchange Commission, SPARC Group, Forever, Brands, Simon, Aequitas Research, China's Shanghai Securities, Street, Thomson Locations: United States, China, U.S, Singapore, New York City, Shein, Bengaluru, Hong Kong, New York, Sydney

☆ More Israeli Hostages, Palestinians Expected to Be Freed With Extended Truce
▼ + stars: | 2023-11-27 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

Hamas-affiliated media reported early on Tuesday that Israel freed 30 Palestinian children and three women, in the truce's fourth swap. Waving Palestinian, Hamas and Islamic Jihad flags, dozens of Palestinians gathered outside Israel's Ofer prison near Ramallah in the occupied West Bank to await the release of additional Palestinians. Each day since the four-day truce began on Friday, Hamas has released some of the hostages while Israel has freed some of the Palestinians it holds. Under the terms of existing four-day truce agreement, Hamas was due to release in total 50 Israeli women and children held hostage in Gaza. It was not clear how many hostages would be released under the extended truce agreement, but earlier the head of Egypt's State Information Service, Diaa Rashwan, said the deal being negotiated would include the release of 20 Israeli hostages and 60 Palestinian prisoners in Israeli jails.

Persons: Nidal, Emily Rose CAIRO, Israel, Israel's Ofer, Gaza's, Alya Ahmed Saif Al, Thani, Antony Blinken, Diaa Rashwan, Arshad Mohammed, Cynthia Osterman Organizations: West Bank, Gaza's Hamas, Security, Hamas, U.S, United, Egypt's, Information Service, Reuters Locations: JERUSALEM, Israel, Gaza, Ramallah, Qatar, Egypt, United Arab Emirates

An agreement has been reached to extend the Israel-Hamas truce for another two days, the spokesman for Qatar’s Foreign Ministry said Monday. In turn, Israel released 39 Palestinian prisoners. Political Cartoons View All 1265 ImagesIsrael has said it would extend the cease-fire by one day for every 10 additional hostages released. Here’s what's happening in the war:QATAR SAYS ISRAEL AND HAMAS AGREE TO EXTEND TRUCE FOR TWO MORE DAYSQatar’s Foreign Ministry said Monday that an agreement has been reached to extend the Israel-Hamas truce for another two days. Hamas has released some hostages during a truce that began Friday in return for Israeli releases of Palestinian prisoners.

Persons: —, Benjamin Netanyahu, — Elon, Majid Al Ansary, Elma Avraham, wasn’t, Tzachi Slotsky, Beer Sheba, Avraham’s, Tali Amano, Avraham, Amano, “, ”, Cross, Jason Straziuso, ELON, Elon Musk, who’s, Isaac Herzog, Musk, ” Musk, Eylon Levy, Shlomo Karhi, ” Karhi, Riad, Malki, JERUSALEM, ” Yelena Magid, Roni Krivoi, ” Magid, UNRWA's, Morris Tidball, Alice Jill Edwards, Wang Yi, Wang Wenbin, ” Wang Wenbin, Frank, Walter Steinmeier, ” Steinmeier, “ Beeri, Hassan Fadlallah, Fadlallah, Islam, France’s, Samuel Paty, Charlie Hebdo, Jason J, Eaton Organizations: Qatar’s Foreign, Hamas, Sunday, Israel, Health Ministry, —, Navy, Qatari Foreign, Soroka Medical, International Committee, ICRC Media, The Associated Press, Twitter, Israeli Ministry of Communications, Palestinian Foreign Affairs, European Union, Union for, Associated Press, United Nations, ISRAEL, BEIJING, Security, Chinese Foreign Ministry, ISRAEL BERLIN —, Beeri, Hezbollah, GO, PARIS —, MEN, UNIVERSITY OF VERMONT Police, University of Vermont, Burlington Police Department, Burlington Locations: Israel, Qatar, Egypt, Gaza, Tel Aviv, Barcelona, — U.S, israel, QATAR, ISRAEL, Beer, BARCELONA, Spain, Africa, HANOUN, Beit Hanoun, Geneva, New York, China, GERMANY, ISRAEL BERLIN — Germany, Beeri, BEIRUT, Iran, Lebanon, Aita, Paris, UNIVERSITY, Burlington

Persons: Israel, Israel's Ofer, Gaza's, Alya Ahmed Saif Al, Thani, Antony Blinken, Diaa Rashwan, Arshad Mohammed, Cynthia Osterman Organizations: International Committee, West Bank, Gaza's Hamas, Security, Hamas, U.S, United, Egypt's, Information Service, Reuters, Thomson Locations: Israel, CAIRO, JERUSALEM, Gaza, Ramallah, Qatar, Egypt, United Arab Emirates

☆ Las Vegas hospitality unions ratify contract with Wynn Resorts
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

Nov 22 (Reuters) - Unions representing hospitality staff in Las Vegas said on Wednesday that workers employed at Wynn Resorts (WYNN.O) have voted in favor to ratify a new five-year contract, days after similar moves by its competitors Caesars Entertainment (CZR.O) and MGM Resorts International (MGM.N). The unions, which represent about 5,000 employees at Wynn Resorts properties, said 99% of its members voted in favor of the new agreement. Earlier this week, union members at Caesars and MGM voted to ratify their contracts. The total compensation won by the Culinary Union for workers employed at MGM Resorts, Caesars Entertainment, and Wynn Resorts casino properties is about $2 billion over the five-year contract, according to Ted Pappageorge, secretary-treasurer at Culinary Union . Meanwhile, the unions said separate negotiations for 10,000 workers including cooks, bartenders and housekeepers, are ongoing with 24 smaller casinos and resorts for a new five-year contract.

Persons: Wynn, Ted Pappageorge, Mrinmay Dey, Sonia Cheema Organizations: Wynn Resorts, Caesars Entertainment, MGM Resorts International, Caesars, MGM, Culinary Union, MGM Resorts, Las, Thomson Locations: Las Vegas, United States, Bengaluru

Climate Change Conference (COP 28) that opens on Nov. 30 in Dubai. Neither floods nor fires are new to Greece but with climate change, they are becoming a frequent disruptor to an economy dependent on tourism and farming. "We have to change our prediction methods," Skylakakis said, acknowledging the rapid pace of climate change. Mitsotakis has urged the EU to top up its solidarity fund and help countries tackle the impact of climate change. Adaptation measures worth 67 billion euros could reduce that loss to 510 billion euros, the country's leading economic think tank IOBE said in a February report.

Persons: Louisa Gouliamaki, Dimitris Kouretas, Kouretas, Theodore Skylakakis, Storm Daniel, Kostas Agorastos, Giorgos Stasinos, Kyriakos Mitsotakis, Sokratis Famellos, Skylakakis, Thanos Giannakakis, Nikos Papathanasis, Miltiadis Gkouzouris, Mitsotakis, Petros Varelidis, Lefteris Papadimas, Renee Maltezou, Michele Kambas, Daniel Flynn Organizations: Reuters, United Nations Environment Program, Mount Olympus, HVA, Chamber, European, Justice, EU, Water Management, Environment Ministry, Thomson Locations: Vlohos, Greece, Greece's, Thessaly, Europe, Dubai, Los Angeles, Dutch, Athens, Thessaly's, Mouzaki, Netherlands

☆ Morning Bid: Treasury yields dive as oil craters, economy softens
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +5 min

U.S. two-year Treasury yields skidded below 4.80% on Friday for the first time since September 1, with 10-year yields dropping under 4.40% to September lows too. Crude has now lost almost 25% in just six weeks - aided by the U.S. gradually lifting oil sanctions on Venezuela. The Labor Department said import prices fell a whopping 0.8% in October, the most in seven months amid a broad decline in the costs of goods - deepening the annual deflation of import prices to as much as 2.0%. Even though the dollar (.DXY), , is taking a hit from the plunge in U.S. Treasury yields, the drop in sovereign borrowing rates was mirrored across the world in Europe , even Japan . Mirroring the softening demand picture elsewhere, British retail sales volumes fell unexpectedly in October as stretched consumers stayed at home.

Persons: Lucas Jackson, Mike Dolan, plumb, Morgan, Susan Collins, Mary Daly, Austan Goolsbee, Michael Barr, Dave Ramsden, Nick Macfie Organizations: New York Stock Exchange, REUTERS, Walmart, Cisco, Alibaba, Philadelphia Federal Reserve, Labor Department, Treasury, Hong, Housing, Atlanta, Boston Federal, San Francisco Fed, Chicago Fed, Bank of England, United States, APEC, Graphics, Thomson, Reuters Locations: New York, U.S, Wall, Alibaba ., Venezuela, Europe, Japan, HK, Hong Kong, China, San Francisco

The stockpile continues to grow, the reports say, even though Iran has consistently denied wanting nuclear arms. "The political debate is really not going to be about negotiating with Iran, it's going to be about confronting Iran," he said. This week's IAEA reports showed Iran was making steady nuclear progress and indicated that Tehran continued to stonewall the agency in monitoring its work. Two diplomats said all that could be done in coming months was to support IAEA chief Rafael Grossi's efforts to strengthen oversight of Iran's nuclear programme. "It's way too early to say whether Iran will become a nuclear state or whether it will stay a threshold state like now," one diplomat said.

Persons: Leonhard Foeger, Biden, Trump, Donald Trump, Joe Biden, Israel, Robert Einhorn, Rafael Grossi's, John Irish, Francois Murphy, Arshad Mohammed, Edmund Blair Organizations: International Atomic Energy Agency, IAEA, REUTERS, Trump PARIS, Reuters, U.S, Hamas, Pentagon, U.S . State Department, IAEA Washington, Governors, Thomson Locations: Vienna, Austria, stoke, WASHINGTON, VIENNA, United States, Tehran, Gaza, Iran, European, Washington, Iraq, Syria, U.S, IRAN, IAEA, stonewall, Paris

☆ U.S. renewable, grid battery projects battle transformer shortage
▼ + stars: | 2023-11-15 | by ( Nicole Jao | ) www.reuters.com time to read: +5 min

LONGER LEAD TIMESLarge-scale battery projects to store energy on grids and to smooth out the variance of wind and solar power are also seeing longer lead times. They are taking around 12 to 18 months to complete, around six months longer than they would take without the supply issues, said Andrew Waranch, chief executive of battery energy storage system developer Spearmint Energy. Utility AES Corp (AES.N) has stockpiled supplies of the equipment it needs to build battery storage projects through 2025, a company spokesperson said. A shortage of raw materials that has contributed to transformer supply delays is unlikely to ease soon, manufacturers said. The supply-demand dislocation has worsened with the rapid scale-up of wind, solar and storage projects.

Persons: Nick Oxford, Vanessa Witte, Wood Mackenzie, Ben Pratt, Pratt, we've, Reagan Farr, Farr, Andrew Waranch, Waranch, Marco Terruzzin, Doug Banty, Banty, John Darby, Nicole Jao, Simon Webb, Nick Zieminski Organizations: REUTERS, AES, Nova Clean Energy, Silicon, Spearmint Energy, Developers, American Clean Power Association, U.S . Energy Information Administration, AES Corp, MGM, Niagara, Thomson Locations: Big Spring , Texas, U.S, Chicago, Swiss, China, California, Russia, Ukraine, New York

An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. The culinary workers and bartenders Unions said that 25,470 workers have a new five-year tentative agreement with MGM. Casino resort operators have been earning record profits from a steady post-pandemic recovery in Las Vegas tourism. Caesars Entertainment (CZR.O), the second-biggest Las Vegas casino operator after MGM by number of employees, said that its deal with the unions provides "meaningful wage increases." Visits to Las Vegas in September were 4% lower than in the same period in 2019, the year before the pandemic, according to data from the Las Vegas Convention and Visitors Authority.

Persons: Bridget Bennett, Ted Pappageorge, We're, Bill Hornbuckle, Wynn, Ananta Agarwal, Arun Koyyur Organizations: MGM, MGM Resorts, REUTERS, MGM Resorts International, Unions, Caesars Entertainment, Culinary Union, Las, Wynn Resorts, Las Vegas Convention, Visitors Authority, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, United States, Detroit, Vegas, Bengaluru, Doyinsola, New York

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