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The truth is we are going to wreck the billionaire economy," said UAW President Shawn Fain. UAW vice president Chuck Browning, who is leading talks with Ford, told a rally of hundreds of UAW workers in downtown Detroit on Friday afternoon that recent talks have made "good progress, but we have far to go." Striking workers said "tier two" employees can make only half the hourly wages of senior UAW workers and get worse benefits. GM said on Thursday the UAW wage and benefits proposals would cost the automaker $100 billion, but did not elaborate. Biden's likely opponent, former president Donald Trump, on Friday criticized the shift to EVs as a job-killer for the UAW.

Persons: Ford, We’re, Shawn Fain, Chuck Browning, Joe Biden, Bruce Baumhower, Rebecca Cook, Arthur Wheaton, Jim Farley, Mary Barra, Bernie Sanders, “, Sofus Nielsen, Biden, Julie Su, Gene Sperling, White, Stellantis, Fain, Biden's, Donald Trump, Joseph White, Kevin Krolicki, David Shepardson, Steve Holland, Mehr Bedi, David Gaffen, Peter Henderson, Matthew Lewis, Chris Reese Organizations: DETROIT, United Auto Workers, General Motors, Ford Motor, Chrysler, Ford Bronco, Chevrolet, UAW, Ford, Detroit, Ford Michigan Assembly Plant, REUTERS, Cornell's School of Industrial, Labor, CBS, Reuters Graphics, Tesla, GM, Thomson Locations: Chevrolet Colorado, Kansas, Detroit, Toledo , Ohio, Wayne , Michigan, Barra, Wayne, Milan, Washington, Bengaluru

A person carries a flag with the patch from the United Auto Workers (UAW) labor union during a May Day rally for media workers held by The NewsGuild of New York on International Workers' Day in Manhattan, New York City, New York, U.S., May 1, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsDETROIT, Sept 15 (Reuters) - The United Auto Workers union launched simultaneous strikes at three Detroit Three factories early on Friday, kicking off the most ambitious U.S. industrial labor action in decades. Fain's decision to go with targeted walkouts could limit the cost to the union of strike pay. UAW President Fain has taken an unorthodox approach to the negotiations, bargaining with all three Detroit automakers simultaneously. But the Detroit automakers build some of the U.S. market's best-selling vehicles, such as the Ford F-150 and Chevrolet Silverado pickup trucks and Jeep SUVs.

Persons: Andrew Kelly, Shawn Fain, Fain, Stellantis, Sam Fiorani, Ford, Gerald Johnson, Jim Farley, Joe Biden, Biden, Biden's, Dan Ives, market's, Joseph White, David Shepardson, Peter Henderson, Mehr Bedi, Jamie Freed Organizations: United Auto Workers, UAW, International Workers, REUTERS, Rights, Detroit, Ford Bronco, Chevrolet, General Motors, Ford, Chrysler, Cox Automotive, Forecast Solutions, Bronco, Tesla, GM, Toyota, Honda, Mercedes, Chevrolet Silverado, Deutsche Bank, Thomson Locations: New York, Manhattan , New York City , New York, U.S, Chevrolet Colorado, Wayne , Michigan, Wentzville , Missouri, Toledo , Ohio, Toledo, Detroit Three's U.S, United States, Detroit, Washington, San Francisco, Bengaluru

☆ What industry experts, leaders say about the autoworkers' strike
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +7 min

SAM FIORANI, PRODUCTION FORECASTER AT AUTO FORECAST SOLUTIONS:"This is more of a symbolic strike than an actual damaging one ... DEMOCRATIC U.S. REPRESENTATIVE ELISSA SLOTKIN OF MICHIGAN:"I'm looking forward to joining our auto workers on the picket line this weekend. DONALD TRUMP, FORMER U.S. PRESIDENT:"The all Electric (car) is a disaster for both the United Auto Workers and the American Consumer. The targeted strike is intended to give UAW flexibility strike fund duration." SUZANNE CLARK, CEO OF US CHAMBER OF COMMERCE"The UAW strike and indeed the 'summer of strikes' is the natural result of the Biden administration's 'whole of government' approach to promoting unionization at all costs."

Persons: MARY BARRA, who's, we've, Shawn, Fain, DAN IVES, KOJI ENDO, LEE JAE, ARTHUR WHEATON, It's, ELISSA SLOTKIN, JAY TIMMONS, MONICA BOSIO, Stellantis, MARTINO, AMBROGGI, DONALD TRUMP, CHRIS MCNALLY, COLIN LANGAN, AT WELLS, PATRICK ANDERSON, JOHN MURPHY, Ford, ROBERT STREDA, DBRS, SUZANNE CLARK, Biden, Joseph White, David Shepardson, Trevor Hunnicutt, Peter Henderson, Heekyong Yang, Daniel Leussink, Giulio Piovaccari, Mehr Bedi, Medha Singh, Anne Marie Roantree, Jamie Freed, Savio D'Souza, Arun Koyyur Organizations: United Auto Workers, UAW, General Motors, Ford, Chrysler, Ford Bronco, Chevrolet, CNBC, GM, SBI, EUGENE, South, CORNELL SCHOOL, Company, DEMOCRATIC U.S, ELISSA SLOTKIN OF, NATIONAL ASSOCIATION, American Consumer, ISI, AT, Detroit, Thomson Locations: Chevrolet Colorado, Detroit, United States, ELISSA SLOTKIN OF MICHIGAN, China, Washington, San Francisco, Seoul, Tokyo, Milan, Bengaluru

☆ Delta Air raises Q3 revenue forecast on rebound in transatlantic travel
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

Sept 14 (Reuters) - Delta Air Lines (DAL.N) on Thursday raised its current-quarter revenue forecast as Americans' thirst for travel to Europe lifted demand for transatlantic flights. Shares of the carrier, which also maintained its forecast for full-year profit, rose 2.7% before the bell. Transatlantic travel is the industry's most lucrative long-haul market, accounting for 11% to 20% of passenger revenue last year at the big three U.S. carriers: American Airlines (AAL.O), Delta Air Lines and United Airlines (UAL.O). The carrier said it expects third-quarter revenue to rise within the upper half of its forecast range of 11% to 14% growth. Atlanta-based Delta Air adjusted its estimate for fuel prices to a range of $2.75 and $2.90 per gallon for the current quarter, higher than the $2.50 to $2.70 per gallon it previously expected.

Persons: Mehr Bedi, Shweta Agarwal Organizations: Delta Air Lines, American Airlines, United Airlines, Delta Air, Thomson Locations: Europe, U.S, Russia, Saudi Arabia, Atlanta, Bengaluru

RTX said on Monday it would have to pull 600 to 700 of its Pratt & Whitney Geared Turbofan (GTF) engines from Airbus A320neo jets for quality inspections over the next three years. The engine issue was first disclosed in July, but RTX made the extent of the problem clearer on Monday. The announcement caused waves up and down the industry, from component manufacturers like Japan's Kawasaki Heavy Industries to airline carriers like Germany's Lufthansa that rely on the popular Airbus jets. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the GTF engine's core. RTX is one of two manufacturers of engines for the popular narrowbody Airbus A320neo, the other being CFM International, a joint venture between GE (GE.N) and Safran (SAF.PA).

Persons: Benoit Tessier, RTX, Guillaume Faury, Ken Herbert, Japan's IHI, Safran, Valerie Insinna, Rajesh Kumar Singh, Abhijith, Aniruddha Ghosh, Mehr Bedi, David Gaffen, Arun Koyyur Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, Airbus, Pratt & Whitney, Washington D.C, Japan's Kawasaki Heavy Industries, Lufthansa, Raytheon, United Technologies, Capital, AIRLINES, HIT Aerospace, London, Melrose Industries, Kawasaki Heavy Industries, Aero, Air New Zealand, Singapore Airlines, Wizz, Airbus A320neo, CFM International, GE, Thomson Locations: Le Bourget, Paris, France, Washington, RTX, New Delhi, Bengaluru

☆ JetBlue agrees to sell Spirit assets in Boston, Newark to Allegiant
▼ + stars: | 2023-09-11 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Airplane model is placed on displayed Spirit Airlines and jetBlue Airways logos in this illustration taken, June 21, 2022. REUTERS/Dado Ruvic/Illustrations/File Photo Acquire Licensing RightsSept 11 (Reuters) - JetBlue Airways Corp (JBLU.O) said Monday it had agreed to sell all of Spirit Airlines (SAVE.N) assets at Boston and Newark Liberty airports to Allegiant (ALGT.O), as it works to win approval for its tie-up with Spirit. JetBlue said it had agreed to transfer two gates in Boston, two gates in Newark, and 43 takeoff and landing authorizations in Newark to Allegiant. JetBlue said in July it would not challenge a U.S. judge's May order that it end an alliance with American Airlines. JetBlue argued terminating its alliance with American renders "entirely moot" the government's objections to its deal to buy Spirit.

Persons: Dado Ruvic, Robin Hayes, judge's, David Shepardson, Mehr Bedi, Anil D'Silva, Mark Potter Organizations: Airlines, jetBlue Airways, REUTERS, JetBlue Airways Corp, Spirit Airlines, Newark Liberty, Spirit, JetBlue, Hollywood International Airport, Broward County Aviation Department, The Justice Department, U.S, American Airlines, US Airways, Thomson Locations: Boston, Allegiant, Newark, Fort Lauderdale, Massachusetts, New, LaGuardia, Frontier, U.S, Washington, Bengaluru

☆ Factbox: Impact of possible strikes on Detroit Three automakers
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +3 min

A strike would ground production to a halt, costing billions of dollars in losses for automakers as well as their suppliers. UAW workers have struck work for two days at GM and for one day at Chrysler in 2007. Prior to 1976, strikes were frequently used as a bargaining tool at Detroit Three. STRIKE IMPACTThe Detroit Three automakers account for about 40% of U.S. new light vehicle sales by units, according to J.P. Morgan. STRIKE TOLLTen-day strikes at all three automakers could cost manufacturers, workers, suppliers and dealers more than $5 billion, according to economic consulting firm Anderson Economic Group.

Persons: Rebecca Cook, Kristin Dzizcek, Morgan Stanley, Morgan, Sam Fiorani, Anderson, Mehr Bedi, Nathan Gomes, Joe White, Anil D'Silva Organizations: General Motors, REUTERS, Ford Motor, UAW, DETROIT, United Auto Workers, Detroit Three, GM, Ford, Chrysler, Chicago Federal Reserve, Detroit, IHS, AutoForecast Solutions, Intelligence, Deloitte, Alliance for Automotive Innovation, Anderson Economic, Deutsche Bank Research, Thomson Locations: Detroit , Michigan, U.S, United States, Bengaluru, Detroit

☆ U.S. airlines flag high fuel costs, Southwest's August bookings disappoint
▼ + stars: | 2023-09-06 | by ( Mehr Bedi | ) www.reuters.com time to read: +2 min

[1/2] A Southwest Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsSept 6 (Reuters) - Southwest Airlines (LUV.N) on Wednesday flagged softer August leisure bookings and joined two other U.S. airlines in warning of higher fuel costs in the third quarter due to a jump in crude prices. United Airlines (UAL.O) and Alaska Air Group (ALK.N) also warned of higher fuel costs in the current quarter as crude oil prices rose for a third straight month in August, amid signs of tightening supply. In a regulatory filing, United said jet fuel prices have climbed over 20% since mid-July. U.S. airlines do not generally hedge against fuel costs, making them vulnerable to price swings.

Persons: Joshua Roberts, Gerald Laderman, Stephen Trent, Mehr Bedi, Abhijith, Aishwarya Jain, Pooja Desai Organizations: Southwest Airlines, U.S, Capitol, Reagan National Airport, REUTERS, United Airlines, Alaska Air Group, United, Cowen Transportation Conference, Alaska Air, Citi Research, Thomson Locations: Arlington , Virginia, U.S, Denver, Chicago, Southwest, Bengaluru

☆ Three US airlines warn of higher fuel costs in third quarter
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] A Southwest Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsSept 6 (Reuters) - Three U.S. airlines on Wednesday warned of higher fuel costs in the third quarter due to a jump in crude prices, adding to pressures the industry faces from expensive labor contracts. Shares of Southwest Airlines (LUV.N) fell 4.1%, United Airlines (UAL.O) was down 1.3% and Alaska Air Group (ALK.N) edged lower about 1% before the bell. U.S. airlines do not generally hedge against fuel costs, making them vulnerable to price swings. Southwest Airlines, the largest U.S. domestic carrier, said it expects revenue per available seat mile - a proxy for pricing power - to fall 5% to 7% in the current quarter.

Persons: Joshua Roberts, United, Mehr Bedi, Abhijith, Pooja Desai Organizations: Southwest Airlines, U.S, Capitol, Reagan National Airport, REUTERS, United Airlines, Alaska Air Group, Alaska Air, Washington State, American Airlines, Delta Air Lines, Thomson Locations: Arlington , Virginia, U.S, Bengaluru

☆ Former Prudential boss leading contender for CEO role at St James's Place - Sky news
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

Aug 31 (Reuters) - Former interim CEO of insurer Prudential (PRU.L) is the leading contender to take the top job at British asset manager St James's Place (SJP.L), succeeding current chief Andrew Croft, Sky news reported on Thursday. Mark FitzPatrick, interim CEO at the Asia-focused insurer for a period last year, has emerged as the SJP board's preferred successor to company veteran Croft, according to the report. Sky news had in May reported Croft's plan to step down from the role he took over in 2018. St James's Place in July reported a fall in its half-year profit but attracted 3.4 billion pounds ($4.31 billion) of net inflows in what the company called a "challenging period" for UK investors. As of June 30, SJP held 157.5 billion pounds worth of funds under management.

Persons: St James's, Andrew Croft, Mark FitzPatrick, board's, Croft, SJP, Prerna Bedi, Shilpi Majumdar Organizations: Prudential, St, Sky, Thomson Locations: Asia, James's, Bengaluru

☆ UK's Instem shares pop on $257 mln take-private deal from French firm
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

Aug 30 (Reuters) - Shares in Instem Plc (INS.L) soared over 39% on Wednesday after the British life sciences software company agreed to a take-private deal with French private equity firm Archimed SAS for 203 million pounds ($256.5 million). Under the terms of the deal with Ichor Management, a company controlled by Archimed, each Instem shareholder will get 833 pence in cash, representing a premium of 41% to the stock's last close. The offer, which Instem's board recommended shareholders accept, caps multiple rejected proposals from Archimed since March. Healthcare-focused investment firm Archimed has more than 8 billion euros of assets under management and investments in 32 healthcare companies. ($1 = 0.7916 pounds)Reporting by Prerna Bedi in Bengaluru; Editing by Sonia Cheema and Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Archimed, Prerna Bedi, Sonia Cheema, Eileen Soreng Organizations: Instem Plc, SAS, Ichor Management, Archimed, Healthcare, Thomson Locations: London, Archimed, Staffordshire, Bengaluru

Ruined rice crops in India's Haryana state. More than three billion people worldwide rely on rice as a staple food and India contributed to about 40% of global rice exports. India's rice stock is piling up as a result of the ban. Vijay Bedi/CNNAt one of New Delhi’s largest rice trading hubs, there are fears among traders that the export ban will cause catastrophic consequences. “The export ban has left traders with huge amounts of stock,” said rice trader Roopkaran Singh.

Persons: India CNN — Satish Kumar, “ I’ve, ”, Kumar, Vijay Bedi, Niño, ” Kumar, ” Satish Kumar, Ukraine —, ” Arif Husain, Pierre, Olivier Gourinchas, ” Husain, “, CNN Surjit Singh, Harayana, …, El Niño, Roopkaran Singh, Husain Organizations: India CNN, CNN, United Nations Food, Agriculture Organization, India wasn’t, United Nations, Food Programme, ” Workers, Thai Rice, Association, India’s Ministry of Agriculture, Monetary Fund, Farmers, Reuters, Meteorological Organization Locations: Harayana, India, India’s Haryana, “, India's Haryana, Ukraine, Global South, United States, Russia, Rice, New Delhi, CNN Nepal, Vietnam, Thailand, Thai, Singapore, Indonesia, Philippines, El, India’s, West Africa

☆ UK retailer John Lewis boosts AI capability with Google deal
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

Aug 9 (Reuters) - British retailer John Lewis Partnership has agreed a five-year deal with Alphabet Inc's (GOOGL.O) Google Cloud, enabling it to harness the latest artificial intelligence (AI) and machine learning (ML) technology. The employee-owned partnership, which runs John Lewis department stores and the Waitrose supermarket chain, said on Wednesday the new agreement, which builds on a decade-long relationship with Google Cloud, was worth 100 million pounds ($127 million). Under the expanded agreement, more of the partnership's technology will migrate to Google Cloud. Google Cloud agreed a similar deal with European home improvement retailer Kingfisher(KGF.L) last November. Zak Mian, the John Lewis Partnership's chief transformation and technology officer, said an example was customers using an image scanning feature in their John Lewis App to show its home design stylists a room they're looking to furnish.

Persons: John Lewis, Zak Mian, John Lewis Partnership's, Prerna Bedi, James Davey, Nivedita Bhattacharjee, Sachin Ravikumar Organizations: John, John Lewis Partnership, Google, Waitrose, Thomson Locations: Bengaluru, London

☆ Kellogg raises annual profit outlook on higher prices
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Kellogg's cold cereal products are pictured in a market in New York, U.S., June 21, 2022. REUTERS/Mike Segar/File PhotoAug 3 (Reuters) - Kellogg Co (K.N) on Thursday forecast a smaller drop in annual profit than it had previously expected, as multiple price hikes for its breakfast snacks and cereals helped strengthen its margins. The Corn Flakes maker said it expected 2023 adjusted profit per share to decline between 1% and 2%, compared with the prior forecast for a decline of 1% to 3%. However, the company posted a 4.6% rise in net sales to $4.04 billion in the second quarter, missing analysts' expectations of $4.07 billion, according to Refinitiv data. Reporting by Mehr Bedi and Aatrayee Chatterjee in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, Mehr Bedi, Aatrayee Chatterjee, Milla Nissi Organizations: REUTERS, Kellogg, PepsiCo, Conagra Brands Inc, Hershey, Thomson Locations: New York, U.S, Bengaluru

☆ Britain's Centrica hikes dividend as profits at British Gas soar
▼ + stars: | 2023-07-27 | by ( Susanna Twidale | ) www.reuters.com time to read: +1 min

July 27 (Reuters) - Britain's Centrica (CNA.L) proposed a 33% increase in its interim dividend on Thursday after posting a jump in first-half profits, buoyed by higher returns from its British Gas supply business. The British Gas Energy supply division posted adjusted profits of 969 million pounds ($1.25 billion) compared with 98 million the same period last year. Centrica said some 500 million pounds of this related to changes to the regulator's price cap which allowed the company to recoup previously lost costs. The company also announced plans to invest 4 billion pounds by 2028 on security of supply, energy flexibility and renewable power. Overall Centrica's adjusted operating profit for the first six months of 2023 rose to 2.08 billion pounds up from 1.34 billion pounds a year earlier.

Persons: Centrica, Susanna Twidale, Prerna Bedi, Varun, Sharon Singleton Organizations: British Gas, British Gas Energy, Thomson Locations: Britain, London, Bengaluru

☆ Amazon workers at two UK fulfilment centres to strike in August
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

LONDON, July 27 (Reuters) - Britain's GMB trade union said on Thursday more than a thousand workers at two Amazon (AMZN.O) fulfilment centres in England would take strike action in early August in an ongoing pay dispute. "This industrial action will spread further: it’s clear the fight for workers’ rights at Amazon is only just beginning,” GMB Senior Organiser Rachel Fagan said in a statement. Workers in Rugeley will walk out on Aug. 3-4 and staff in Coventry will take action on Aug. 4-5, the union said. "In less than a year, our minimum pay has risen by 10% and by more than 37% since 2018," an Amazon spokesperson said. In June, the union said Amazon workers in Coventry, who had previously staged a series of walkouts since January, had voted in favour of six more months of industrial action.

Persons: ” GMB, Rachel Fagan, Amazon, Prerna Bedi, Helen Reid, Farouq Suleiman, Kylie MacLellan Organizations: Amazon, Workers, Thomson Locations: England, Rugeley, Coventry

☆ Conagra Brands forecasts dour sales as higher prices hit demand
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +1 min

July 13 (Reuters) - Conagra Brands Inc (CAG.N) on Thursday forecast annual sales and profit below Wall Street estimates, in a sign that higher prices were starting to eat into demand for the Slim Jim beef jerky maker's frozen foods and other packaged meals. The company, like other global packaged food makers, has been steadily raising product prices over the past few years to counter spiraling costs, and had faced little resistance from consumers until recently. Persistent inflation has eroded budgets at many American households, forcing consumers to trade down from branded packaged food products to cheaper private-label alternatives, which has impacted sales at Conagra. The company expects 2024 organic net sales growth to be 1% higher than 2023, while analysts on average were expecting an increase of 2.77%, according to Refinitiv estimates. Full-year adjusted EPS is expected between $2.70 and $2.75, compared with analysts' average estimate of $2.85 per share.

Persons: Slim, Mehr Bedi, Aatrayee Chatterjee, Shinjini Organizations: Conagra Brands Inc, Wall, Thomson Locations: Bengaluru

[1/2] A lifeguard patrols Juhu beach, during a red flag alert due to rough seas caused by cyclone Biparjoy, in Mumbai, India, June 12, 2023. Eight districts in coastal Gujarat are expected to be affected, the state government said. Gujarat is home to many offshore oil installations and major ports in the country and most have been forced to suspend operations. Two of India's largest ports - Kandla and Mundra - located in Gujarat, have suspended operations, the state government said. Other ports including Bedi, Navlakhi, Porbandar, Okha, Pipavav and Bhavnagar have also closed due to the cyclone, according to shipping sources.

Persons: Francis Mascarenhas, Kamal Dayani, Bedi, Navlakhi, Jamnagar, Sumit Khanna, Rajendra Jadhav, Mohi Narayan, Sudipto Ganguly, Raju Gopalakrishnan Organizations: REUTERS, India Meteorological Department, Force, Reliance Industries, Adani, Indian Coast Guard, Key Singapore, Oil, Gas, Vedanta Ltd, National Disaster Management Authority, Rajendra, Thomson Locations: Mumbai, India, Francis Mascarenhas AHMEDABAD, MUMBAI, Gujarat, Pakistan, Mandvi, India's Gujarat, Karachi, Kutch, Rajkot, Pipavav, Bhavnagar, Mundra, Tuna, Kandla, Key, Dubai, Ahmedabad

☆ A former Southwest employee was charged with selling $1.9 million in fake travel vouchers
▼ + stars: | 2023-06-08 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +2 min

A former Southwest employee created and sold fake travel vouchers, according to a June 5 indictment. The airline usually issues Southwest Luv Vouchers to customers affected by delays and other circumstances. Between February and June 2022, the former employee allegedly created vouchers for a value of nearly $2 million. A customer service representative for Southwest Airlines at Midway Airport in Chicago when he allegedly created and sold fraudulent travel vouchers for a value of nearly $2 million. Federal prosecutors allege that Martin, who worked at Southwest from November 2018 to June 2022, used his employee credentials to create fake customer names and generate fake travel vouchers of the kind Southwest issues to customers who have experienced delays, cancellations, and other unfortunate circumstances.

Persons: DaJuan Martin, Ned Brooks, Martin, Brooks, Mr, Jonathan Bedi, Martin's, John Legutki Organizations: Southwest, Morning, Southwest Airlines, Midway Airport Locations: Chicago

Kumar, like others in his position, knows all too well the frustrations that can build when work is scarce. “Since childhood, we’ve been facing this competition,” said Sarang Agrawal, 28, who is studying for the Indian civil service entrance test. There’s competition everywhere.”Sarang Agrawal (center) is studying in the hope of becoming a civil servant. Vijay Bedi/CNNNo social life, no love life … and no plan BLike Kumar and Kumari, Agrawal knows all about competition. He is among the more than 1 million people who apply each year for a position in the Indian civil service.

☆ Chinese baby product firms seek to age up, sell more abroad as population falls
▼ + stars: | 2023-05-10 | by ( Farah Master | Thomson Reuters | Farah Master Is A Senior Correspondent At Reuters Where She Focuses On Health | ) www.reuters.com time to read: +5 min

HONG KONG, May 11 (Reuters) - For many of China's manufacturers of baby and children's products, painful reverberations from last year's historic decline in the country's population are already upon them. Hong Kong-listed Health and Happiness (H&H) (1112.HK), which gains nearly half of its revenue from baby products such as infant formula, food and diapers, is one such company. China's market for baby food and diapers is the world's largest at $37.9 billion, accounting for around a third of global sales annually, according to research from Euromonitor. Adult diaper revenue, however, shot up 13% - highlighting how China's rapidly ageing population is prompting shifts in consumer spending. Reuters GraphicsShares for the three firms now trade between a third and a fifth of their all-time highs.

We’ve dedicated (our lives) to our country.”Wrestlers perform exercise drills at the protest site in Jantar Mantar, New Delhi, on April 28, 2023. Vijay Bedi/CNNIn January, India’s sport ministry said it would investigate the sexual harassment allegations, but three months on, the wrestlers say the government hasn’t moved swiftly enough. Olympic medalist Sakshi Malik told CNN that back in January the wrestlers’ allegations were met with apathy, adding there was no transparency with the governing body’s initial investigation. Support for wrestlers growsBy midday on Friday, the protest site swells with supporters, young and old. India’s legal system is notoriously slow, especially when it comes to allegations of sexual harassment owing to a large backlog of allegations.

☆ Amazon raises hourly pay for UK workers by 50 pence; union mulls more strikes
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +1 min

The pay rise comes less than a week after hundreds of workers at an Amazon warehouse in Coventry in central England staged the latest walkout in a dispute over pay this year. "We're listening to Amazon workers and the message is very clear: this new pay rate is an insult," said Amanda Gearing, senior organiser of GMB, the union which represents more than 500 Amazon workers. The union had said the Amazon Coventry workers are demanding 15 pounds an hour to cope with a cost-of-living crisis that has sparked strikes across sectors in Britain over the last several months. The new increase, which will depend on locations and start from April, comes after Amazon last year raised UK hourly wages by 50 pence to between 10.50 and 11.45 pounds per hour. "Over the past seven months, our minimum pay has risen by 10% and by more than 37% since 2018," Amazon said in a statement.

March 14 (Reuters) - Australia's economic health will be its central bank's compass for plotting the course of rate hikes, as stringent regulation insulates its banking sector from the collapse of Silicon Valley Bank (SVB) (SIVB.O), analysts at top domestic banks said. Analysts at three of the top four lenders - Commonwealth Bank of Australia (CBA.AX), National Australia Bank (NAB.AX), and ANZ Group Holdings (ANZ.AX) - continue to expect the RBA to deliver its 11th consecutive rate hike next month. 0#RBAWATCH"The Australian domestic fundamentals remain consistent with further tightening from the RBA," Adelaide Timbrell, senior economist at ANZ Research said. Australian banking sector, while not immune to the collapse of SVB, is in a "more insulated" position, Rodrigo Catril, senior FX strategist at NAB said. Globally, banking stocks have taken a hit from the collapse of SVB despite of assurances from U.S. authorities, prompting a reassessment of interest rate expectations.

☆ Walmart offers affordable Easter meals to lure thrifty shoppers
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +1 min

March 13 (Reuters) - Walmart Inc (WMT.N) said on Monday it would offer Easter meals and bundles at affordable prices, a move aimed at drawing more customers to its stores at a time when egg prices have surged and consumers are keeping a tight grip on their wallets. The price of eggs, a staple of Easter baskets, has been near a record high for months as outbreaks of avian flu have killed more than 58 million backyard and commercial chickens and turkeys since February 2022. Walmart said on Monday it would keep the prices of its Easter essentials consistent with 2022 and offer the Easter meal and basket combo for less than $100, both online and in stores. This year, Walmart's Easter meals and baskets will include staples like ham, green beans and cherry pies, along with decorative grass, Hershey's (HSY.N) Milk Chocolate Bunnies and Reese's Eggs. Reporting by Mehr Bedi in Bengaluru and Siddharth Cavale in New York; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

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