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☆ Federal control board supervising Puerto Rico’s finances has a new director
▼ + stars: | 2022-11-17 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

SAN JUAN, Puerto Rico — A federal control board that supervises Puerto Rico’s finances announced a new executive director on Thursday after its last one stepped down in April following a historic debt restructuring for the U.S. territory. Robert Mujica, budget director for New York state, is expected to assume his new role in January. In 2017, Puerto Rico filed for the largest municipal bankruptcy in U.S. history. So far, auditors are still reviewing Puerto Rico’s 2019 budget. Critics also have noted that the ongoing bankruptcy process has cost Puerto Rico around $1 billion in consultants, lawyers and other expenses, and that the board’s director earns $625,000 a year.

☆ Seeking compromise candidate, Lebanese politician Bassil leaves door ajar for presidency bid
▼ + stars: | 2022-11-17 | by ( John Irish | ) www.reuters.com time to read: +3 min

I did not do this to have the vacancy and a bad person to fill the void," he said. "I will not accept to have a bad president and in that case of course I would run." France has spearheaded international efforts to rescue Lebanon from its deepest crisis since the civil war, but to no avail. "That's why the country can't take this and live with it so we need to succeed in finding a solution." Reporting by John Irish in Paris Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Biden-Xi talks: 'Greenlight' to restart engagement is a good step forward: Mediation organization
▼ + stars: | 2022-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden-Xi talks: 'Greenlight' to restart engagement is a good step forward: Mediation organizationMichael Vatikiotis of the Centre for Humanitarian Dialogue says "the main achievement was to restart working level talks between U.S. officials and Chinese officials."

CNN Business —About 48,000 academic employees across the University of California system walked off the job Monday morning, demanding higher pay and improved working conditions, according to the union representing them. Striking workers include researchers, graduate student researchers and instructors, trainees, fellows, and others who provide academic support across the University of California’s 10 campuses. The United Auto Workers union represents these academic employee groups who want transportation subsidies and pay that matches housing costs. The UAW, which has been negotiating since Spring 2021, alleges the University of California has taken unlawful actions such as bypassing the bargaining process and making unilateral decisions. The University of California said on its website that it “strongly disagree[s] with the UAW allegations that UC has engaged in unlawful behavior.

☆ German upper house blocks landmark welfare reform
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +3 min

[1/5] German Labour and Social Affairs Minister Hubertus Heil speaks at an extraordinary session, as Members of German upper House of Parliament or Bundesrat vote on Buergergeld or "citizens' money" welfare reform law, in the plenary hall, in Berlin, Germany November 14, 2022. REUTERS/Michele TantussiBERLIN, Nov 14 (Reuters) - Germany's conservative opposition held up a major welfare reform on Monday, setting the scene for a mediation process to find a compromise that could still allow the introduction of ambitious measures to support the unemployed in gaining vocational skills. The welfare reform would introduce Buergergeld, or "citizens' money", to replace the Hartz IV system brought in from 2005, which sanctions people who reject job offers. "Our welfare state can only function if there are duties as well as rights," Baden-Wuerttemberg labour minister Nicole Hoffmeister-Kraut of the opposition conservative CDU party said. German Labour Minister Hubertus Heil said the ruling coalition -- of his Social Democrat (SPD) party with the Greens and the liberal FDP -- would call on a mediation committee later on Monday.

☆ Russia says it renewed demands over fertiliser exports at U.N. talks
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: +2 min

Nov 12 (Reuters) - Russia on Saturday restated its insistence on unhindered access to world markets for its food and fertiliser exports after what it called a "thorough exchange of views" with U.N. officials the day before in Geneva. The statement from Moscow said Ukrainian grain shipments and "normalization" of Russia's own farm exports were integral parts of a single package of measures to ensure global food security. A U.N. statement on Friday said the participants "remain engaged in the implementation of the Black Sea Grain Initiative and held constructive discussions on its continuation". Ukraine, which Russia invaded on Feb. 24, has accused Moscow of playing "hunger games" with the world. Russia withdrew its troops from the southern Ukrainian city of Kherson this week, abandoning the only regional capital it had captured since the February invasion.

☆ Paying workers unfairly will backfire. Pull back the curtain on compensation decisions instead.
▼ + stars: | 2022-11-10 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +10 min

But for many people, salary negotiations are hard to navigate. Brian Armstrong is the CEO of Coinbase, which recently announced that it was banning salary negotiations. If salary negotiations are prohibited, they said, there have to be other measures in place to ensure that every worker is paid fairly. Salary negotiations will always be challenging for some — if not most — of usRestructuring salary negotiations won't necessarily make the act of asking for more money easier right away. Still, she understands that salary negotiations can get contentious, and she emphasized that the positive dynamic between employer and employee is important to preserve.

☆ Exclusive: Ukraine wants grain deal expanded, eyes decision next week
▼ + stars: | 2022-11-08 | by ( Pavel Polityuk | ) www.reuters.com time to read: +3 min

KYIV, Nov 8 (Reuters) - Ukraine wants the Black Sea grain export deal expanded to include more ports and goods, and hopes a decision to extend the agreement for at least a year will be taken next week, Ukraine's deputy infrastructure minister said on Tuesday. "We are already ... demanding inspections be streamlined or inspections of departed (ships) be cancelled, because it makes no sense. Moscow has said it has received guarantees the grain corridor will not be used for military purposes. Vaskov said Kyiv advocated the exclusively peaceful use of the grain corridor, and that the current agreement involved the export of fertilizers. "Ukraine has confirmed and confirms now that the grain corridor is only for ships that take part in the initiative - both in the past and in the future," the deputy minister said.

☆ Rogers-Shaw decision by Dec unlikely, tribunal head says as hearing starts
▼ + stars: | 2022-11-07 | by ( Divya Rajagopal | ) www.reuters.com time to read: +4 min

After a series of failed settlement talks, the battle between Rogers-Shaw and the antitrust agency kicked off in Canada's Competition Tribunal on Monday, which is expected to last at least four weeks. Rogers offered to sell Shaw's Freedom Mobile business to Quebecor Inc (QBRb.TO) to overcome competition bureau concerns, which the bureau rejected. It wanted the tribunal to reject the divestiture as a viable remedy and also issue an order blocking the Rogers-Shaw merger. But the initial rally in shares of Rogers and Shaw reversed after the competition bureau subsequently made clear it will pursue the litigation. Rogers-Shaw and Quebecor are racing against time to close the deal, as a delay poses financial risks, according to arguments made by the lawyers of Rogers-Shaw at the tribunal during a public hearing in late October.

☆ Russia's war on Ukraine latest news: Fears ease of conflict widening
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +3 min

* NATO's secretary-general said Tuesday's blast in Poland was likely caused by a Ukrainian air defence missile but that Russia was ultimately responsible because it started the war. * Ukraine wants access to the site of the explosion, a senior Ukrainian defence official said. Oleg Danilov said Ukraine has evidence of a "Russian trace" in the incident, without giving any details. DIPLOMACY* Ukrainian President Zelenskiy said he met U.S. Central Intelligence Agency Director William Burns, who is in the region to discuss the war in Ukraine. Burns also met Russian President Putin's spy chief in Turkey this week.

A dispute arose over the price Fox would pay for a stake in the market-leading FanDuel app, leading to arbitration that began in the spring of 2021. The sports betting app Fox Bet is available in four states, with just 0.2% share of the U.S. market, according to researcher Vixio. A free version called Fox Bet Super 6 has attracted some 6 million users whom Fox hopes to eventually convert to betters. The growth of Fox Bet has stagnated since Flutter acquired Stars Group, the company that helped launch Fox Bet and owns and operates the app. Fox claimed that Flutter failed to provide reasonable resources behind Fox Bet, a claim Flutter said the arbitrator rejected, finding that Flutter had agreed to commit "commercially reasonable" resources behind the offering.

☆ Evictions are piling up across the U.S. as Covid-era protections end and rents climb
▼ + stars: | 2022-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +10 min

Still, rents nationwide were up 9% in September, compared to a year earlier, and more than a dozen cities had double-digit rent increases, it said. In Phoenix, for example, rent increases have slowed in recent months, but in June were up 24% year over year, with a median asking rent of $2,261. In Maricopa County, which includes Phoenix, evictions are at their highest levels since at least 2016, with more than 45,000 filings this year. Zenovia Johnson is one of those Phoenix renters who’s been struggling to stay in her home because of rising rents. In Minneapolis, where rent increases have trended below the national average, evictions in September were 37% above their historical averages after shooting up in June, when the state lifted its eviction moratorium.

Nov 4 (Reuters) - Fox Corp (FOXA.O) said an arbitrator on Friday reaffirmed its right to acquire a nearly one-fifth stake in FanDuel, settling a longstanding dispute with the betting app's owner, Flutter Entertainment Plc (FLTRF.L). The New York-based Judicial Arbitration and Mediation Services also settled a dispute over the price to exercise that option. Fox has a 10-year option to acquire an 18.6% stake of FanDuel for $3.7 billion. In April 2021, Fox filed its lawsuit against the Irish gaming company, seeking to secure its option to buy an stake in the market-leading FanDuel app. The arbitrator Friday settled on an option price based on a $20 billion valuation for FanDuel.

☆ EXCLUSIVE Russia seeks sanctions exemptions for state bank in Ukraine grain deal talks-sources
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +5 min

This would allow the bank, which has not had a major role in the international grain trade so far, to process payments for Russian grain and other foodstuffs, two of the sources added. Before the latest sanctions, such payments were handled by international banks and subsidiaries of other Russian banks in Switzerland. The U.N. has said it "remains committed to removing the remaining obstacles to the exports of Russian food and fertilizer". BANK'S ROLE MAY EXPANDMoscow has said its consent to extend the Black Sea grain deal depends on support for its own grain and fertiliser exports. Should Russia's request be granted, Rosselkhozbank's role in Russia's grain trade could expand significantly.

☆ Fox Is Cleared to Buy FanDuel Stake for About $3.7 Billion
▼ + stars: | 2022-11-04 | by ( Katherine Sayre | ) www.wsj.com time to read: 1 min

FanDuel is the market-share leader in online sports betting in the U.S.An arbitrator has ruled that Fox Corp. has the option to buy a stake in sports-betting operator FanDuel Group from parent company Flutter PLC for about $3.7 billion, the companies said Friday, settling a more than yearlong dispute over one of the biggest brands in U.S. online gambling. Fox filed a lawsuit with Judicial Arbitration and Mediation Services in April 2021 against Flutter arguing that the gambling giant was demanding too high a price for an option to buy an 18.6% stake in FanDuel.

☆ Turkey's President Erdogan is emerging as a power player in Ukraine after brokering an abrupt reversal by Russia
▼ + stars: | 2022-11-03 | by ( Kit Gillet | ) www.businessinsider.com time to read: +4 min

Turkey's President Recep Tayyip Erdoğan has become a key bridge between Russia and Ukraine. He was critical in efforts Wednesday to get Russia to abandon a threat to block grain exports. When Russia backed down earlier this week over its threats to block grain shipments out of Ukraine, it was Turkish President Recep Tayyip Erdoğan who was among the first to break the news. Speaking to Turkey's parliament, Erdogan said Russian Defence Minister Sergei Shoigu had informed his Turkish counterpart that the deal would resume shortly. As Russia grows more isolated, both diplomatically and economically, Turkey's role is becoming increasingly important.

[1/3] A destroyed tank is seen in a field in the aftermath of fighting between the Ethiopian National Defence Force (ENDF) and the Tigray People's Liberation Front (TPLF) forces in Kasagita town, in Afar region, Ethiopia, February 25, 2022. Earlier on Wednesday, the AU had invited media to what it described as a briefing by Obasanjo. It was only when the event began, about three hours behind schedule, that it became clear a truce was about to be signed. Implementation of the peace agreement signed today is critical for its success," said Obasanjo, adding that this would be supervised and monitored by a high-level AU panel. Neither Eritrea nor the regional forces participated in the talks in South Africa and there was no mention at Wednesday's ceremony of whether they would abide by the truce.

SANTIAGO, Nov 2 (Reuters) - The largest pilots union of Latam Airlines (LTM.SN) in Chile voted to strike on Wednesday, a day before the company said it was planning on concluding its exit from bankruptcy. The Union of Latam Pilots (SPL) said it represents 313 of Latam Airlines's approximately 500 pilots and that 99% of its members voted to approve the strike. The statement said that the company's proposal to link pre-pandemic salary to flight hours is unfeasible and could be reached, at best, three months out of the year. While pilots voted to strike, Chilean law establishes up to four days in which either party can request mediation from the country's labor department. Reporting by Alexander Villegas and Natalia Ramos; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ Reaction to the agreement for a cessation of hostilities in Tigray
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +3 min

NAIROBI, Nov 2 (Reuters) - The Ethiopian government and regional forces from Tigray agreed on Wednesday to cease hostilities, a surprise diplomatic breakthrough after nearly two years of war. "This moment is not the end of the peace process. Implementation of the peace agreement signed today is critical for its success." The lasting solution can only be dialogue." We must be true to the letter and to the spirit of this agreement."

☆ Judge asks Rogers, Shaw and competition bureau to convene for talks on Tuesday
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

Oct 31 (Reuters) - Canada Federal Court Chief Justice Paul Crampton has directed counsel for Rogers Communication Inc (RCIb.TO), Shaw Communications Inc (SJRb.TO) and the Competition Bureau to convene for a further case management conference on Tuesday. Chief Justice Crampton, who is presiding over an antitrust case against Rogers' takeover of Shaw, also asked all the parties to "reflect" about the deal, according to a notice posted on the Competition Tribunals's website. The mediation between Rogers and Shaw and Canada's competition bureau over the companies' C$20 billion ($14.69 billion) merger failed on Thursday, as the parties did not agree on the terms put forward by the tribunal. read moreRogers declined to comment when Reuters reached out to the company about the ruling, while Shaw and the Competition Bureau did not respond to requests for comment. read more($1 = 1.3612 Canadian dollars)Reporting by Rishabh Jaiswal and Juby Babu in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Delta Air pilots vote to authorize strike
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: 1 min

Oct 31 (Reuters) - Delta Air Lines (DAL.N) pilots voted overwhelmingly in favor of a strike-authorization ballot, the union representing nearly 15,000 pilots said on Monday. The Air Lines Pilots Association said 99% of the more than 96% of pilots voting authorized union leaders to call a strike, if necessary, to achieve a contract. Before a strike could take place, the National Mediation Board would first decide that additional mediation efforts would not be productive and offer the parties an opportunity to arbitrate. Reporting by David Shepardson; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Delta pilots say they’re willing to strike, but no impact to Thanksgiving travel is expected
▼ + stars: | 2022-10-31 | by ( Pete Muntean | ) edition.cnn.com time to read: +1 min

CNN Business —Delta Air Lines pilots intensified their push for improved pay by insisting they will strike if they do not get a new contract. With 96% of members participating in an Air Line Pilots Association union vote, 99% of Delta pilots “authorized union leaders to call a strike, if necessary, to achieve a new contractual agreement,” the union said. Delta pilots say they are working under an outdated contract from 2016. “Delta pilots are not on strike, so this authorization vote will not affect our operation for our customers,” a Delta spokesperson said in a statement. “Delta and ALPA have made significant progress in our negotiations and have only a few contract sections left to resolve.

☆ Delta pilots vote in favor of potential strike as contract talks drag on
▼ + stars: | 2022-10-31 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta Air Lines pilots voted overwhelmingly to authorize a strike if contract talks between the carrier and the union don't lead to an agreement, the labor group said Monday. Covid derailed contract talks throughout the airline industry starting in 2020. Talks have since resumed, and the Delta pilot strike vote underscores the difficulty in getting agreements through. It's time for the Company to get serious at the bargaining table and invest in the Delta pilots." Earlier this year, Alaska Airlines pilots voted to authorize a potential strike.

[1/3] Cambodia's Foreign Minister Prak Sokhonn speaks during a meeting with Southeast Asian foreign ministers at the secretariat of the Association of Southeast Asian Nations (ASEAN) in Jakarta, Indonesia, October 27, 2022. Galih Pradipta/Pool via REUTERSJAKARTA, Oct 27 (Reuters) - Myanmar's military government warned on Thursday that any pressure from its Southeast Asian neighbours to put a time frame on a peace plan would create "negative implications". No Myanmar representatives were present at the special meeting of the group's foreign ministers to discuss the stalled peace plan. Late on Thursday, Myanmar's military-appointed foreign ministry released a statement blaming armed resistance movements for violence and saying pressure to set a time frame will create more negative implications than positive ones. And Indonesia has mentioned that this request needs to be delivered to Tatmadaw (Myanmar's military) immediately," said Retno.

☆ Rogers, Shaw deal mediation with Canada's competition bureau fails
▼ + stars: | 2022-10-27 | by ( Divya Rajagopal | ) www.reuters.com time to read: +1 min

TORONTO, Oct 27 (Reuters) - Rogers Communications Inc (RCIb.TO) and Shaw Communications (SJRb.TO) have failed to mediate their differences with Canada's competition bureau over their C$20 billion ($14.75 billion) merger, the companies said on Thursday. "The mediation did not yield a negotiated settlement," the companies said in a joint statement, adding that they remained committed to completing the transactions. The government's recent intervention had raised hopes that Canada would approve the merger deal, which has been blocked on competition concerns. Rogers declined to comment beyond the statement, while Shaw and the bureau did not immediately respond to requests for comment. ($1 = 1.3560 Canadian dollars)Reporting by Divya Rajagopal and Maria Ponnezhath; Editing by Devika Syamnath and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

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