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Story highlights Biden goes to Michigan to meet with UAW members a week after receiving the union's endorsement Trump and Biden are battling for the votes of union members. While in Michigan on Thursday, the president will be meeting with UAW members, a Biden campaign official told CNN. The event, at a union hall near Detroit, will feature an “informal” conversation with union members, according to the campaign. In a fiery speech while delivering the group’s endorsement, UAW President Shawn Fain said Biden was the clear choice in a matchup with Trump. Since the group publicly backed Biden, Trump has hit back, slamming Fain as a “dope” and vowing that he could revive the automobile industry in the United States.

Persons: Joe Biden, Donald Trump, Biden, –, Trump, Shawn Fain, “ Joe Biden, ” Fain, ” Biden, “, Fain, Julie Chavez Rodriguez, Dearborn Mayor Abdullah Hammoud, ” Chavez Rodriguez, Rashida Tlaib, Chavez Rodriguez, Biden’s, Karine Jean, Pierre, ”, Jean Pierre Organizations: Washington CNN, United Auto Workers, Michigan, Teamsters, Trump, UAW, Wednesday, Biden, CNN, Democratic Party, Democratic, Dearborn Mayor, ”, White Locations: Michigan, Washington, Detroit, United States, Israel, Gaza, Eastern, California, Virginia

☆ President Tshisekedi's Ruling Party Leads in Congo Legislative Election
▼ + stars: | 2024-01-13 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Ange KasongoKINSHASA (Reuters) - Democratic Republic of Congo President Felix Tshisekedi's UDPS party won 66 seats in the December parliamentary election, placing it ahead of 44 other parties that won one or more seats in the 500-member house, provisional results showed on Sunday. The increased number of UDPS seats, up from 35 in the 2018 election, along with gains by allied parties, could enable Tshisekedi to maintain his ruling big tent Sacred Union coalition, giving him the majority needed to name a new government. The results of the legislative vote follow the Constitutional Court's confirmation of Tshisekedi's landslide re-election in the disputed Dec. 20-24 general election that was marred by allegations of fraud, logistical shortcomings and disruptions. Opposition parties and independent observers have raised concerns about the election's transparency, citing chaotic voting conditions and a murky tabulation process. Congo's opposition parties have repeatedly blasted the election as fraudulent and called for a re-run - a demand authorities have dismissed.

Persons: Ange Kasongo, Felix Tshisekedi's UDPS, Modeste Bahati, Jean Pierre Bemba, Vital Kamerhe, Tshisekedi, Africa's, Bate Felix, Christian Schmollinger Organizations: Democratic, Sacred Union coalition, Provisional, Congo's, Sunday, Defence, Economy Locations: Ange Kasongo KINSHASA, Democratic Republic of Congo, Congo

PARIS (AP) — A faded and cracked felt hat worn by Napoléon Bonaparte fetched $1.6 million at an auction Sunday of the French emperor’s belongingsYes, $1.6 million. It was the centerpiece of Sunday's auction in Fontainebleau of memorabilia collected by a French industrialist who died last year. But the bidding quickly jumped higher and higher until Jean Pierre Osenat, president of the Osenat auction house, designated the winner. Political Cartoons View All 1256 ImagesWhile other officers customarily wore their hats with the wings facing front to back, Napoléon wore his with the ends pointing toward his shoulders. The entrepreneur spent more than a half-century assembling his collection of Napoleonic memorabilia, firearms, swords and coins before his death in 2022.

Persons: Napoléon Bonaparte, Napoléon, Europe —, Jean Pierre Osenat, ‘, ”, —, Pierre Baillon, Jean, Louis Noisiez Organizations: PARIS Locations: France, Europe, Fontainebleau, French, bataille

☆ Nexi CEO: happy to help UniCredit on payments but contract is set
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

The logo of Italian payments group Nexi is pictured outside their headquarters in Milan, Italy, March 28, 2019. Italian payments infrastructure group SIA in 2016 signed a 10-year contract with UniCredit to manage cards and shop payments as well as cash withdrawal machines ahead of a being acquired by Nexi, which inherited the contract. Nexi finance chief Bernardo Mingrone told an analyst call on Thursday that the contract did not envisage the possibility of an early break-up. While the contract is "very solid" and runs over the long term, Nexi is "very keen to help UniCredit achieve their ambitions in payments, which are growing," Nexi CEO Paolo Bertoluzzo added. Asked whether UniCredit might dispose of its merchant acquiring business, Bertoluzzo said he would be "very surprised" if UniCredit did anything with it.

Persons: Alessandro Garofalo, Nexi, UniCredit, Andrea Orcel, Bernardo Mingrone, Mingrone, Paolo Bertoluzzo, Orcel, Jean Pierre Mustier, Bertoluzzo Organizations: REUTERS, SIA, Nexi, Thomson Locations: Milan, Italy

☆ Congo Ruling Coalition Backs Tshisekedi for December Vote
▼ + stars: | 2023-10-01 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

By Ange KasongoKINSHASA (Reuters) - Democratic Republic of Congo's President Felix Antoine Tshisekedi was officially nominated on Sunday as candidate for the Dec. 20 presidential election by his ruling political coalition the Sacred Union. Tshisekedi is seeking a second term in the vast nation, which is the world's top cobalt supplier and No. 3 copper producer, after winning a disputed first term in a 2018 vote. On Sunday, a congress of the Sacred Union coalition that includes political heavyweights such as Defence Minister Jean Pierre Bemba and Economy Minister Vital Kamerhe, picked Tshisekedi unanimously. Tshisekedi, the son of Congo's beloved long-term opposition leader Etienne Tshisekedi, promised to root out corruption and authoritarianism and has rejected accusations by rights groups and critics that he has fallen short on his promises.

Persons: Ange Kasongo, Felix Antoine Tshisekedi, Tshisekedi, Jean Pierre Bemba, Vital Kamerhe, Felix Tshisekedi, Andre Mbata, Congo's, Etienne Tshisekedi, Martin Fayulu, Bate Felix, Andrew Cawthorne Organizations: Democratic, Sacred Union, Sacred Union coalition, Defence, Economy, Union, Tshisekedi Locations: Ange Kasongo KINSHASA, Democratic Republic of, Rwanda, Republic, Kinshasa, Tshisekedi

☆ 'Do your job' -White House to GOP leaders ahead of debt talks
▼ + stars: | 2023-05-09 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

Politics'Do your job' -White House to GOP leaders ahead of debt talksPostedU.S. President Joe Biden will remain focused on avoiding a default on U.S. debt payments during his meeting on Tuesday with congressional leaders, White House spokesperson Karine Jean Pierre said.

☆ UniCredit to use 300 mln euro charges for staff exits-sources
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

In reporting stronger-than-expected quarterly results, UniCredit on Wednesday raised its 2023 profit goal above 6.5 billion euros ($7.2 billion) and said the figure included 300 million euros in restructuring charges it would book mostly in the second quarter. UniCredit last year invited applications from staff who wanted to retire early and were within five years of qualifying for a pension. On Dec. 1 it signed an accord with unions and booked 239 million euros in charges to fund voluntary exits to be replaced by younger hires. Eager to protect its branch network, UniCredit allocated 80% of the 2022 early retirement packages to people from its central offices, raising complaints from unions, the source added. UniCredit underwent years of restructuring under CEO Jean Pierre Mustier, but cost cuts remain a key plank of new CEO Andrea Orcel's strategy.

☆ Biden's Education Department blasts the GOP's new plan to strike down student-loan forgiveness, saying it's a 'shame' for the borrowers who live in their districts
▼ + stars: | 2023-03-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Cardona said it's a "shame" for the millions of borrowers who would benefit in the GOP lawmakers' districts. After the Republicans introduced the resolution, Cardona said in a statement that those lawmakers "represent millions of borrowers who have applied for student debt relief." Biden's plan to cancel student debt has been paused since November due to two conservative-backed lawsuits seeking to permanently block the relief. And Sen. Joe Manchin, a centrist Democrat, previously called the debt relief "excessive." "We're talking about more than 2.1 million borrowers who have applied for student debt relief in Texas, more than 380,000 borrowers in Louisiana, more than 250,000 borrowers in Iowa."

The White House said some material was found in a locked garage at Biden's home and an adjacent room, and pledged to cooperate. "People know I take classified documents and classified material seriously," he added. Biden's attorneys said they have found fewer than a dozen classified documents and turned over the relevant papers after finding them. Trump resisted doing so until an August FBI search turned up about 100 classified documents, raising questions about whether Trump or his staff obstructed the investigation. "People know I take classified documents, classified material seriously," Biden told reporters on Thursday.

☆ US slaps down Saudi claim it helped secure Brittney Griner's release, undermining Riyadh's efforts to be a global power player
▼ + stars: | 2022-12-09 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

The US pushed back after Saudi Arabia and the UAE said they helped free Brittney Griner. The White House insisted that the only two parties to the prisoner swap were it and Russia. Saudi Arabia has repeatedly upset the US with attempts to take a bigger, independent global role. The Saudi Arabia and the UAE in a joint statement Thursday said that UAE President Sheikh Mohammed bin Zayed and Saudi Crown Prince Mohammed bin Salman had helped mediate the exchange. When asked about it at a White House press briefing, press secretary Karine Jean Pierre pushed back.

☆ UniCredit to assess CEO pay rise ahead of general meeting
▼ + stars: | 2022-12-03 | by ( Valentina Za | ) www.reuters.com time to read: +3 min

"The board examined Orcel's pay package in light of the important performance reached in 2021 under his leadership," the report said. "Orcel separately indicated ... he prefers to keep his fixed pay unchanged and have his variable pay closely linked to performance goals," it added. "The board agrees ... and will reassess Orcel's pay ahead of the 2023 general shareholder meeting in light of results and progress made in 2021 and 2022," it concluded. Annual pay of up to 7.5 million euros makes Orcel one of Europe's best paid bank executives, analysts say. The Financial Times first reported UniCredit sought a pay hike for Orcel citing people familiar with the matter.

☆ UniCredit to reassess CEO pay ahead of general meeting
▼ + stars: | 2022-12-03 | by ( Valentina Za | ) www.reuters.com time to read: +3 min

MILAN, Dec 3 (Reuters) - UniCredit (CRDI.MI) will reassess the remuneration of CEO Andrea Orcel ahead of its 2023 general meeting to see if the results achieved by Italy's second-biggest bank in 2021-2022 warrant an increase, a document on its website showed. "The board examined Orcel's pay package in light of the important performance reached in 2021 under his leadership," the report said. "Orcel separately indicated ... he prefers to keep his fixed pay unchanged and have his variable pay closely linked to performance goals," it added. "The board agrees ... and will reassess Orcel's pay ahead of the 2023 general shareholder meeting in light of results and progress made in 2021 and 2022," it concluded. The Financial Times first reported UniCredit sought a pay hike for Orcel citing people familiar with the matter.

☆ Obituary: China's Jiang Zemin confounded doubters, mended U.S. ties
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +7 min

[1/5] A security guard stands next to a portrait of China's former President Jiang Zemin at an exhibition to celebrate the 90th anniversary of the founding of the Communist Party of China (CPC) in Beijing, China, July 7, 2011. Under Jiang, China weathered the 1997-1998 Asian financial crisis, joined the World Trade Organisation in 2001 and won the bid to host the 2008 Summer Olympics in Beijing. "Jiang Zemin was more ready to be natural, even though sometimes it could be perceived as vulgar, not very sophisticated." At celebrations for the 50th anniversary of the People's Republic in 1999, floats carried giant portraits of Mao, Deng and Jiang past Tiananmen Square. Jiang, like Mao, wore his trousers well above his waist and brushed his hair straight back.

☆ Biden says Elon Musk's relationships with foreign countries are 'worthy of being looked at'
▼ + stars: | 2022-11-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

President Joe Biden said Elon Musk's ties with foreign countries are "worth being looked at." A Saudi prince and a Qatari sovereign fund's subsidiary are major investors in Musk's Twitter. "I think that Elon Musk's cooperation and, or, technical relationships with other countries is worthy of being looked at," he told reporters at a White House press conference. White House officials had earlier denied reports that it was planning a security review of Musk's dealings with Twitter. "The national security review, that is not true," said White House press secretary Karine-Jean Pierre on October 24.

☆ President Biden referenced Elon Musk's Twitter purchase at a fundraising event, saying the billionaire bought 'an outfit that spews lies all across the world'
▼ + stars: | 2022-11-05 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

At a fundraising event on Friday, President Joe Biden broke his silence on Elon Musk's purchase of Twitter. Biden said Musk bought "an outfit that sends and spews lies all across the world," warning of impacts to the coming election. Elon Musk goes out and buys an outfit that sends and spews lies all across the world," Biden said, according to multiple reports. Musk, a self-described "free-speech absolutist" has pledged to make the social platform akin to a digital town square that follows first amendment protections of speech. Since the $44 billion purchase, hate speech on the platform has spiked and major advertisers have suspended ads on Twitter over content moderation concerns.

☆ Walmart doubles down on Africa despite a decade of frustration
▼ + stars: | 2022-10-21 | by ( Nqobile Dludla | ) www.reuters.com time to read: +8 min

A shopper pushes a trolley as she leaves a Builders Warehouse store owned by Walmart-led Massmart Holdings in South Africa, at Gleneagles, in the south of Johannesburg, South Africa, October 20, 2022. Instead, Massmart's units outside South Africa struggled with foreign exchange risk, tricky regulatory environments and macroeconomic volatility. Earlier this year, an internal Amazon.com Inc (AMZN.O) memo detailing its expansion plans, including a maiden foray onto the continent via South Africa, leaked to media. The pending battle with its global rival looms over Walmart's e-commerce strategy for Massmart, several shareholders told Reuters. While Walmart can now firmly set the direction at its South African unit, its track record outside the United States is spotty.

☆ CFR Cluj a ratat dramatic calificarea în șaisprezecimile de finală ale Ligii Europei
▼ + stars: | 2020-12-11 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

CFR Cluj a ratat dramatic calificarea în șaisprezecimile de finală ale Ligii Europei. În urma protestelor, portarul echipei oaspete a fost eliminat. Golul egalizator a fost marcat de Jean Pierre Nsame.Young Boys a marcat și golul doi, prin Gaudino, care a adus victoria în minutul șase al prelungirilor.CFR Cluj s-a clasat pe locul 3 în grupa A, iar AS Roma și Young Boys s-au calificat în faza următoarea a competiției.Tottenham Hotspur a câștigat grupa J după ce a dispus aseară de Antwerp cu scorul de 2-0. Ambele echipe s-au calificat la braț în șaisprezecimile de finală ale competiției.Real Sociedad a obținut și ea calificarea după remiza pe terenul lui Napoli, scor 1-1. Gazdele au deschis scorul în prima repriză prin Zielinski, iar gruparea spaniolă a egalat abia în prelungirile partidei prin Willian Jose.

Persons: Gabriel Debeljuh, Bălgrădean, Jean Pierre Nsame.Young Boys, Young Boys, Hotspur, Carlos Vinicius, Lo, Milanezii, Jens Hauge.Tot aseară Organizations: CFR Cluj, Ligii Europei, Young Boys, CFR, AS Roma, Real Sociedad, AZ Alkmaar, AC Milan, Sparta Praga, Lille, Celtic, Leicester City, AEK, Bayer Leverkusen, Slavia Praga, Dinamo Zagreb, ȚSKA Moscova Locations: Berna, Cluj, Antwerp, Napoli, Jose, Rijeka, Praga, Leicester, AEK Atena, Nyon

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