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☆ Shakira, Pique reach agreement on child custody after break-up
▼ + stars: | 2022-11-08 | by ( Horaci Garcia | ) www.reuters.com time to read: +1 min

BARCELONA, Nov 8 (Reuters) - Colombian pop star Shakira has reached an agreement with former partner Gerard Pique over the custody of their two children following the break-up of their 11-year relationship earlier this year, Shakira's representative in Spain said on Tuesday. Shakira Mebarak, 45, and FC Barcelona defender Pique, 35, were together since 2011 but never married. They met shortly before the 2010 World Cup in South Africa when he featured in the music video for Shakira's "Waka Waka (This Time for Africa)", the tournament's official song. The custody agreement was reached one week after Pique announced his imminent retirement from professional football and departure from FC Barcelona. Prosecutors claim she failed to pay up to 14.5 million euros ($14.48 million) in tax on income earned between 2012 and 2014.

☆ I flew on a $75 million Bombardier Global 7500 private jet from Miami to New Jersey and saw why the ultra-wealthy love the plane
▼ + stars: | 2022-11-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

"They may be related to one another in some way, such as being employed by the same company or on the same sports team, and so the risk that one passenger would endanger the others appeared to be low," the agency said in a 2002 final rule. A TSA agent at LAX. Brady MacDonald/InsiderSource: TSA

☆ Texas Tech football team practices on the airport tarmac during 8-hour flight delay en route to TCU game — see photos
▼ + stars: | 2022-11-05 | by ( Brady Macdonald | ) www.businessinsider.com time to read: 1 min

"The distance between Texas Tech and TCU is about 350 miles, which is roughly four and a half hours in the car," Taft said on Fox. "But once the team committed to flying, they had to stick with the plan." Texas Tech Texas Tech

The net effect was to catapult next year's implied Fed terminal rate well above 5%. Fed vs BoE Terminal RatesNIESR chart on UK variable mortgagesBANK "IN A HOLE"Although the BoE insisted further hikes from 3% would likely be needed, two of the nine person policymaking council voted for a smaller rate rise this week. State Street's EMEA macro strategist Tim Graf also thinks a terminal rate closer to 4% is now "the more likely end state for policy rates." The BoE needs to be super careful about the pound because another withering lurch will simply aggravate import and energy price inflation. by Mike Dolan, Twitter: @reutersMikeD; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Glencore to Pay $320 Million to Resolve U.K. Bribery Charges
▼ + stars: | 2022-11-03 | by ( Alistair Macdonald | ) www.wsj.com time to read: 1 min

Lisa Osofsky, wearing a scarf, and her team from the U.K.’s Serious Fraud Office outside the court in London. LONDON— Glencore PLC, the commodities giant, said it would pay a penalty and costs of 281 million pounds, equivalent to about $320 million, after pleading guilty to British charges of bribing officials in West Africa for preferential access to crude oil. The penalty, imposed by a U.K. judge Thursday, is part of a wide-ranging bribery investigation by authorities in Britain, the U.S. and elsewhere that has hung over the global mining and trading business for years.

☆ Airbnb is listing castles where you can sleep like royalty for less than the cost of a cheap hotel — see inside
▼ + stars: | 2022-11-01 | by ( Brady Macdonald | ) www.businessinsider.com time to read: 1 min

The average nightly price for an Airbnb castle: $367. Turns out there's a castle for every traveler's budget – with plenty of Airbnb listings under $100 per night and even more over $1,000 for the evening. Scone Palace Airbnb/Scone PalaceAirbnb Castle Category

☆ Grain Ships Keep Sailing From Ukraine Despite Russia’s Deal Suspension
▼ + stars: | 2022-10-31 | by ( Jared Malsin | Alistair Macdonald | ) www.wsj.com time to read: 1 min

ISTANBUL—The price of wheat and corn rose early Monday even as ships carrying grain left Ukraine’s ports despite Russia saying it would suspend its participation in an agreement that has allowed Ukrainian grain exports for months. The price of wheat was up by 5.7% and corn by more than 2.5% in early morning trade.

☆ Tesla Talked to Glencore About Buying Stake in the Miner
▼ + stars: | 2022-10-31 | by ( Alistair Macdonald | ) www.wsj.com time to read: 1 min

Tesla is a big customer of Glencore, which owns a mine in Ravensworth, Australia. Tesla Inc. held early-stage talks with Glencore PLC last year about buying a stake in the commodities giant, according to a person familiar with the matter. The electric vehicle maker’s interest came as manufacturers across the West look to secure supplies of so-called future-facing metals that are used in batteries and the renewable energy industry.

☆ TSA screened 15 million passengers last week, surpassing 2019 levels as travel demand continues to rise
▼ + stars: | 2022-10-31 | by ( Brady Macdonald | ) www.businessinsider.com time to read: +2 min

US airlines forecast the continued health of leisure travel heading into holidays. The TSA screened 15 million passengers last week at US airports, according to checkpoint data. Since the Labor Day holiday, airline traffic stalled out in September as the summer vacation season came to an end. Flight bookings have shown three straight weeks of steady improvements following a modest slow down after Labor Day, according to the report. The increased volume in international bookings more than offset a drop in prices for global travel, according to BofA.

☆ U.N., Turkey Race to Save Ukraine Grain Deal
▼ + stars: | 2022-10-30 | by ( Jared Malsin | Alistair Macdonald | ) www.wsj.com time to read: 1 min

Cargo ships carrying grain from Ukraine waited for inspection off the coast of Turkey last week. ISTANBUL—The United Nations and Turkey on Sunday scrambled to rescue an agreement that allowed Ukraine to ship grain via the Black Sea, a day after Russia suspended the deal in a move that threatens global food prices and puts pressure on Ukraine’s allies. U.N. Secretary-General António Guterres was working Sunday to end the Russian suspension, a U.N. spokesman said, and the Turkish defense ministry said it was in talks with Russia to rescue the agreement. No ships will leave Ukraine while the Russian suspension is in effect, the ministry said.

☆ U.K. Prime Minister Rishi Sunak’s Wealth Is Targeted by Critics
▼ + stars: | 2022-10-27 | by ( Alistair Macdonald | ) www.wsj.com time to read: 1 min

LONDON— Rishi Sunak , one of Britain’s richest-ever prime ministers, is under pressure over his personal wealth, which opposition politicians say leaves him out of touch with a population strained by high inflation and bracing for spending cuts and a likely recession. His family wealth—estimated at 730 million pounds, equivalent to $846 million, by the Sunday Times Rich list—and tax position was highlighted in Parliament on Wednesday. One Labour Party lawmaker said the average nurse in the state-run National Health Service would have to work 20,000 years to accumulate the same riches.

☆ Big cat cubs rescued from Ukraine reach Poland
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

WARSAW, Oct 27 (Reuters) - Four lion cubs and a black leopard cub from war-torn Ukraine have found safety in a Polish zoo, the International Fund for Animal Welfare (IFAW) said, after surviving drone attacks and bombing in the first few months of their lives. The cubs were transferred to animal rescue organisations in Kyiv and Odessa after a crackdown on the exotic pet trade in Ukraine, and are now in Poznan zoo in western Poland awaiting onward travel. IFAW said it had partnered with a sanctuary in the United States and one in Europe to care for the cubs, who were bred in captivity and cannot be released into the wild. The Wildcat Sanctuary (TWS) in the United States will take care of the lion cubs. Reporting by Lewis Macdonald, writing by Alan Charlish; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ Nigerian presidential contender Abubakar calls for flood relief fund
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

[1/6] Former Nigeria Vice President Atiku Abubakar adresses the People's Democratic Party delegates during the Special convention in Abuja, Nigeria May 28, 2022. REUTERS/Afolabi Sotunde/File PhotoLAGOS, Oct 26 (Reuters) - Nigeria's main opposition presidential contender on Wednesday called on the government to immediately set up a flood disaster fund similar to one created to fight the coronavirus pandemic, to help victims hit by the worst floods in a decade. Atiku Abubakar said after a trip to oil-producing Bayelsa state, one of the worst hit, that the floods were a reminder of the impact of climate change and urged the government to immediately launch a Flood Disaster Relief Fund. "It is a national emergency relief fund, similar in scope to what was initiated during the COVID-19 pandemic," Abubakar said, referring to a $1.4 billion fund that the government launched in 2020 at the onset of the coronavirus pandemic. Critics have accused the federal government of being slow to help flood victims.

☆ Tapestry deepens push into China, undeterred by luxury market slump
▼ + stars: | 2022-10-25 | by ( Casey Hall | ) www.reuters.com time to read: +6 min

It also follows some 60 Tapestry store openings in China over the last two years. Research from real estate firm Savills also shows 55% of the world's luxury store openings last year took place in China. It saw China sales slide 32% for the quarter ended July 2 from the same period a year earlier. China sales generally account for around a fifth of its overall sales. Coach's luxury market share in China is also more than double that of Michael Kors and more than triple that of Ralph Lauren and Tory Burch, according to Euromonitor data.

☆ U.S. authorises departure of non-emergency staff from Nigeria
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

LAGOS, Oct 25 (Reuters) - The U.S. State Department on Tuesday authorised the departure of non-emergency U.S. government employees and their families from Nigeria due to a heightened risk of terrorist attacks in the country. "The U.S. Embassy Abuja continues to have limited ability to provide emergency assistance to U.S. citizens in Nigeria," the State Department said. Nigeria's Department of State Services said the United States had previously issued similar warnings and urged citizens to remain alert. Insecurity, which is rife across most Nigerian states, is a major issue among voters who will choose a new president next February. Reporting by MacDonald Dzirutwe; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ US and UK warn of possible attack in Nigeria's capital
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

LAGOS, Oct 23 (Reuters) - The United States and Britain on Sunday warned of a possible terrorist attack in Nigeria's federal capital Abuja, especially aimed at government buildings, places of worship and schools, among other targets. Register now for FREE unlimited access to Reuters.com Register"The U.S. Embassy will offer reduced services until further notice," the embassy said in an alert to citizens in Nigeria. The United Kingdom government warned that its citizens in Nigeria should stay alert due to an "increased threat of terrorist attack in Abuja." "Attacks could be indiscriminate and could affect western interests, as well as places visited by tourists," it said. Register now for FREE unlimited access to Reuters.com RegisterReporting by MacDonald Dzirutwe; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

☆ I went inside Delta's new LAX Sky Club and found a luxurious space full of passenger-friendly touches — take a tour
▼ + stars: | 2022-10-21 | by ( Brady Macdonald | ) www.businessinsider.com time to read: 1 min

The low whir of jet engines and distant whoosh of landing planes could be heard over the near silence of a bar where nobody knows your name and everybody has their head buried in a smartphone. A retractable roof provided cover should it ever rain in LA. Delta Sky Club Brady MacDonald/Insider

☆ Vale CEO says iron ore miner will spin-off copper, nickel unit
▼ + stars: | 2022-10-21 | by ( Macdonald Dzirutwe | ) www.reuters.com time to read: +1 min

LONDON, Oct 21 (Reuters) - The chief executive of Vale SA (VALE3.SA) said on Friday the Brazilian iron ore miner is reconsidering a near-term spin-off of its base metals business and an eventual public listing. The Brazilian miner had a longstanding plan to sell the unit that was still being considered as recently as 2021. But rather than selling all or part of it, the company is now looking to separate and ring-fence the copper and nickel unit from the iron ore business as the two have different growth prospects, Eduardo Bartolomeo said at the FT Mining Summit. There is "huge growth" in base metals, whereas iron ore is a mature business, he added. Vale, once the world's top producer of the steel ingredient, said in September that global demand for nickel should increase 44% by 2030 to 6.2 million tonnes.

☆ Inflation has people living paycheck to paycheck. Here’s how some banks are responding
▼ + stars: | 2022-10-20 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

New York CNN Business —“Payday Friday” may soon be replaced by “Payday Wednesday.”This week, JPMorgan Chase, America’s largest bank, became the latest financial institution to offer customers early access to their direct deposits. Also, in the past year, several banks such as Bank of America, Citi and Chase have started scrapping overdraft fees. Services such as early access to direct deposits and waiving of overdraft fees come at a time when historically high inflation is draining consumers’ excess savings, said Mark Hamrick, chief economist for Bankrate. “At a time when prices have been high on a continuing basis, that has robbed consumers of purchasing power,” he said. So if there’s an interruption in income, that means individuals are going to be facing increased financial stress.”

☆ Ukraine’s Grain Exports Recover to Near Prewar Levels
▼ + stars: | 2022-10-19 | by ( Alistair Macdonald | ) www.wsj.com time to read: 1 min

Ukraine said its exports of agricultural products have recovered to around prewar levels, a revival that has helped ease pressure on global food prices and offers a bright spot in Kyiv’s fight against Russia. However, analysts say the rise in exports, which were hit hard by the war, hides continued hurdles for Ukraine’s globally important agricultural industry. The country relies on shipping grain out of the Black Sea, a route dependent on cooperation with Russia. Farmers, meanwhile, have planted fewer crops this year, and Russia still controls a large slice of Ukrainian farmland.

☆ JPMorgan Chase, taking a feature from fintech rivals, gives some customers early payday deposits
▼ + stars: | 2022-10-19 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

JPMorgan Chase is giving some customers early access to their direct deposits, a feature popularized by fintech rivals, as it hopes to attract users to a no-overdraft checking account. While smaller rivals including Capital One have said they are dropping overdraft fees, the CEOs of the three largest U.S. institutions have repeatedly refused calls to end the charges altogether. Instead, banks have drawn attention to existing products that protect users from overdraft fees, while still offering most of the functionality of full-service accounts. The service, which is targeted to households that earn around $55,000 or less a year, has about 1.4 million users, MacDonald said. Start-ups including Chime and Current have popularized early direct deposits as they've gained millions of cost-conscious users.

☆ A new report reveals the best — and worst — days to book a flight
▼ + stars: | 2022-10-19 | by ( Brady Macdonald | ) www.businessinsider.com time to read: +2 min

Data from the new 2023 Air Travel Hacks Report from ARC and Expedia reveals the best day to book flights. The best day of the week to book your airfare is a Sunday. The new 2023 Air Travel Hacks Report from Airlines Reporting Corporation and Expedia released on Wednesday offers hacks, tips, and tricks on booking your next flight. You can save 10% by booking domestic flights a month in advance and international flights six months before traveling, according to the travel data firm. Ticketing data shows a return of business travel following a surge in leisure travel during the first half of 2022.

☆ There's a 50% higher chance your flight will be delayed if it leaves after 3 p.m., a new report says
▼ + stars: | 2022-10-19 | by ( Brady Macdonald | ) www.businessinsider.com time to read: +3 min

Flights that depart after 3 p.m. have a 50% higher chance of being delayed, a new report says. Flight cancellations have decreased considerably, however, in the past six weeks since the ARC data was collected. Flights in the US that depart after 3 p.m. have a 64% higher chance of being canceled on average, according to the report. Airlines around the world have seen higher cancellation rates in 2022 compared to pre-pandemic levels in 2019, according to the report. Ticketing data shows a return of business travel following a surge in leisure travel during the first half of 2022.

☆ Uber salaries revealed: See how much engineers, analysts and hundreds of other employees at the ride sharing company make
▼ + stars: | 2022-10-18 | by ( Diamond Naga Siu | Tom Dotan | ) www.businessinsider.com time to read: +6 min

We analyzed hundreds of H-1B visa applications to get a sense of how much Uber pays employees. The ride-sharing company offered two distinguished engineers nearly $350,000 each as a base salary. As a recession looms, Uber has dramatically slowed down on hiring — even freezing hiring altogether in many departments. But salaries are also a big part of how the company pays its employees. The highest-paid people in the data are two distinguished engineers in California who were each offered $345,000, while the lowest-paid person in the data is a data analyst in Illinois who was offered $56,700.

☆ See inside the Wisk air taxi backed by Boeing that has no onboard pilot
▼ + stars: | 2022-10-16 | by ( Brady Macdonald | ) www.businessinsider.com time to read: 1 min

The race is on to see which air taxi will be the first to market and Boeing's Wisk hopes to cross the finish line first ahead of Uber, Airbus, Honda, and a host of other competitors. Wisk air taxi Wisk Aero

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