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☆ Four Karabakh leaders held in Azerbaijan, three more reach Armenia - agencies
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

However, three other former leaders of Karabakh have arrived safely in Armenia, the Armenian state news agency Armenpress quoted one of the three as saying. Almost all the 120,000 or so inhabitants of Karabakh have since fled to Armenia, fearing for their safety. However, former state minister Artur Arutyunyan, ex-interior minister Karen Sarkisyan and the former head of Karabakh's security service, Ararat Melkunyan, all entered Armenia on Tuesday, Artur Arutyunyan said, according to Armenpress. Karabakh is viewed internationally as part of Azerbaijan but had been run as a breakaway ethnic Armenian statelet since the 1990s following the collapse of the Soviet Union. Reporting by Reuters; Writing by Kevin Liffey; Editing by Alison Williams and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Aziz Karimov, Armenpress, Ruben Vardanyan, Levon Mnatsakanyan, Arkady Gukasyan, Bako, Araik, David Ishkhanyan, Artur Arutyunyan, Karen Sarkisyan, Kevin Liffey, Alison Williams, Gareth Jones Organizations: REUTERS, Azerbaijan's State Security Service, Press Agency, Soviet Union, Reuters, Thomson Locations: Stepanakert, Azerbaijan, Nagorno, Karabakh, Azerbaijan's, Baku, Armenia, Ararat Melkunyan, Armenpress, Soviet

Yes to life" take part in a anti-lithium protest in Covas do Barroso, Portugal, August 15, 2023. With 60,000 tonnes of known reserves, Portugal is already Europe's biggest producer of lithium, traditionally mined for ceramics. Referring to the Barroso project and another in France, he said it would be "a disaster if either ... doesn't succeed". But with only 15 of 916 submissions in a public consultation supporting the project, Savannah faces a struggle to win over locals who have said they will fight it and the APA in court. "Politicians listen to those who shout loudest and have most money - and that's the mining industry," she said.

Persons: Catarina Demony, Maria Loureiro, Loureiro, Barroso, Martin Jackson, , Savannah's, Michael Schmidt, doesn't, Schmidt, Nelson Gomes, Greta Thunberg, Karin Kvarfordt Niia, LKAB's, Anders Lindberg, UDCB's Catarina Alves Scarrott, Aida Fernandes, Barroso's, Dale Ferguson, Ferguson, Emanuel Proenca, Teresa Camille, Gunilla Hogberg Bjorck, Miguel Pereira, Covas do Barroso, Pietro Lombardi, Simon Johnson, Aislinn Laing, Catherine Evans Organizations: REUTERS, Savannah Resources, DO BARROSO, EU, Agriculture Organization, CRU, APA, State, Barroso, Reuters, UDCB, Thomson Locations: Covas do Barroso, Portugal, Barroso, China, London, Savannah, Europe, France, Kiruna, Sweden's, Montalegre, Scarrott, Portuguese, EUROPE, Chile, Covas, Karr, Covas do, Madrid, Stockholm

The groups argued that banks cannot properly respond to the proposal, which would require lenders to hold more cash to absorb losses, without that analysis. The Fed drafted the rules with the Federal Deposit Insurance Corp (FDIC) and Office of the Comptroller of the Currency (OCC). The "Basel Endgame" proposal implements international capital standards agreed by the Basel Committee on Banking Supervision in the aftermath of the 2007-2009 financial crisis. The U.S. central bank has estimated it will increase industry capital requirements by $170 billion. "These capital rules will have an impact on economic growth and that will affect large businesses and small businesses and their access to capital."

Persons: Rick Wilking, Goldman Sachs, Morgan Stanley, Banks, David Solomon, Jamie Dimon, Morgan Stanley's, Dan Simkowitz, Pete Schroeder, Saeed Azhar, Lananh Nguyen, Tatiana Bautzer, Michelle Price, Paul Simao, Deepa Babington Organizations: Deposit Insurance Corporation, REUTERS, Rights, Federal Reserve, JPMorgan Chase, Citigroup, APA, Fed, Federal Deposit Insurance Corp, Currency, OCC, Banking, Reuters, JPMorgan, FDIC, Republican, Financial, Bank Policy Institute, American Bankers Association, Financial Services, Institute of International Bankers, Securities Industry, Financial Markets Association, Chamber of Commerce, Thomson Locations: Westminster , Colorado, U.S, Washington

☆ Companies use AI to monitor workers—45% of employees say it has a negative effect on their mental health
▼ + stars: | 2023-09-08 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

As companies implement return-to-office plans, employers are increasingly interested in utilizing artificial intelligence, not to replace workers, but to watch them. Fifty-one percent say they are aware that their employer uses technology to monitor them while they are working, according to data from the American Psychological Association. Knowing they are being watched has had negative psychological effects. Almost one-third, 32%, of employees who know their bosses are using technology to monitor them reported their mental health as fair or poor, according to data from the APA. Almost half, 45%, of those being monitored say their workplaces have a negative effect on their mental health, versus the 29% of those not being monitored.

Organizations: American Psychological Association, APA

For investors looking to rake in profit from the recent oil rally, here are some companies that are poised to benefit off of higher crude prices. Higher oil prices could add to inflationary pressure and feed central bankers' decisions on interest rates. Higher correlation between oil prices means good news for some companies, however. The 10 most positively correlated stocks to oil are energy names, which tend to rise when oil prices get a boost. Molson and Monster have slipped 5.6% and 2.2%, respectively, during the current quarter, while PepsiCo is off more than 5%.

Persons: Brent, WTI, Russell, Molson Coors Organizations: West Texas, CNBC, Oil, Diamondback Energy, Devon Energy, APA, Diamondback, Halliburton, Insurance, CCC Intelligent Solutions Holdings, . Beverage, Molson, Monster, PepsiCo, Bank of Canada, Manhattan Associates, Cadence Design Systems, chocolatier Hershey Locations: Saudi Arabia, Russia, Devon, American

☆ Final Trade: APA, SLB, TLT, RIVN
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trade: APA, SLB, TLT, RIVNThe final trades of the day with the Fast Money traders.

Organizations: APA, Fast Money

☆ Energy is the best-performing sector this summer. Here are the stocks driving it
▼ + stars: | 2023-08-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 energy sector has outperformed its counterparts since Memorial Day, rallying more than 10% in that time. Given this backdrop, CNBC Pro screened the S & P 500 energy sector to find the best-performing stocks in the space since Memorial Day — and where analysts see them going from here. Baker Hughes, meanwhile, is expected to rise by 12% based on the average price target, and 70% of analysts rate it a buy. APA's average price target implies upside of 16.6% over the next 12 months, but less than half of analysts give it a buy rating. Williams only has buy ratings from 39% of analysts, and the average price target signals upside of just 8.6%.

Persons: It's, SLB, Halliburton, Baker Hughes, Williams Cos, Williams Organizations: West, CNBC Pro, Marathon Petroleum, MPC, APA, Targa, Halliburton Locations: West Texas, China, Europe, Marathon

☆ APA Group CEO sees 'great opportunity' in helping Australian miners decarbonize
▼ + stars: | 2023-08-24 | 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 EmailAPA Group CEO sees 'great opportunity' in helping Australian miners decarbonizeAdam Watson, CEO of APA Group discusses the company's $1.1 billion acquisition of Alinta Energy's Western Australian assets, and how it fits in with the energy transition facing the country's miners.

Persons: decarbonize Adam Watson Organizations: APA, APA Group

☆ American Airlines pilots approve new contract that boosts compensation by more than 46%
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

The Allied Pilots Association (APA), which represents 15,000 pilots at the Texas-based carrier, said on Monday that 72.7% of the pilots voted for the deal which will result in an immediate pay raise of more than 21%. Overall, compensation for pilots at the airline will rise by more than 46% during the contract's duration. With no letup in travel demand, airlines are in a rush to staff up, bolstering the bargaining power of pilots. Rival United Airlines (UAL.O) last month announced a preliminary deal for a new four-year contract that would give its pilots a cumulative increase of 34.5%-40.2% in pay. American's contract includes about $1.1 billion in immediate, one-time payments and ratification bonuses.

Persons: Brian Snyder, Ed Sicher, Sicher, Rajesh Kumar Singh, Allison Lampert, Matthew Lewis Organizations: American Airlines, Airport, REUTERS, Rights, Allied Pilots Association, Allied Pilots, Reuters, Jefferies, U.S, Rival United Airlines, Thomson Locations: Boston , Massachusetts, U.S, Texas, Chicago, Montreal

☆ Austrian leader backs far-right idea of enshrining cash in constitution
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

Austrian Chancellor Karl Nehammer delivers his speech during a session of the Parliament in Vienna, Austria, May 12, 2023. REUTERS/Leonhard Foeger/File PhotoVIENNA, Aug 4 (Reuters) - Austria's conservative Chancellor Karl Nehammer wants the right to use cash enshrined in the constitution, he told Austrian media in remarks published on Friday, an idea the far-right Freedom Party has been pushing for years. Most opinion polls show the anti-immigration Freedom Party (FPO) in first place with a clear lead over the opposition Social Democrats and Nehammer's conservatives, who are in a two-party coalition with the left-wing Greens. "The issue of cash is very important to people," Nehammer told Austrian media, including news agency APA. "It is important to me that cash be written into the constitution," APA quoted him as saying.

Persons: Karl Nehammer, Leonhard Foeger, Nehammer, Magnus Brunner, Herbert Kickl, Francois Murphy, Christina Fincher Organizations: REUTERS, Austrian, Party, Social Democrats, Greens, APA, Thomson Locations: Vienna, Austria

REUTERS/Brendan McDermidAug 2 (Reuters) - Occidental Petroleum (OXY.N) on Wednesday raised its full-year production forecast by 1%, but missed second-quarter profit expectations due to a slide in oil and gas prices and took a writedown to exit some operations. Weak oil and gas prices have hit earnings of U.S. oil producers after a bumper year in 2022 when Russia's invasion of Ukraine buoyed energy prices. The better-than-expected output in the quarter also helped the company raise its full-year production guidance by 1% to between 1.19 million boepd and 1.24 million boepd, from a midpoint of 1.195 million previously. Meanwhile, rival U.S. oil producers Marathon Oil (MRO.N) and APA Corp (APA.O) reported quarterly earnings that beat analysts' estimates on higher than projected output. Apache said output was tracking in line with its full-year production guidance of 404,000 to 408,000 boepd.

Persons: Brendan McDermid, Mrinalika Roy, Arun Koyyur, Matthew Lewis Organizations: Occidental Petroleum, New York Stock Exchange, REUTERS, Oil, APA Corp, Apache, Thomson Locations: New York, U.S, Ukraine, Occidental, Suriname, Bengaluru, Arathy, Houston

West Texas Intermediate has surged more than 14% for the month, putting it on pace for its best monthly performance since its 17.2% gain in January 2022. APA APA has the strongest 50-day correlation with WTI prices of 0.71, meaning it is likely to see gains as the commodity continues to rise. Devon Energy Shares of Devon Energy have popped more than 11% month to date. It has a 50-day correlation of 0.69 with WTI, and an average correlation of 0.59 with the commodity since 2015. Pioneer Natural Resources The Texas-based oil company has a 50-day correlation value of 0.65 with WTI Crude.

Persons: Russell, Goldman Sachs, DCLA, Sarat Sethi, Pioneer's, — CNBC's Michael Bloom Organizations: West Texas, CNBC, APA APA, . Devon Energy, Devon Energy, Diamondback Energy Diamondback Energy, Natural Resources, WTI Locations: Saudi Arabia, Russia, Natural Resources The Texas

☆ On tap this week: Jobs report plus 10 key earnings. Here's what we want to see
▼ + stars: | 2023-07-29 | by ( Zev Fima | ) www.cnbc.com time to read: +18 min

All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho

☆ American Airlines pilots reach deal to match gains at rival United
▼ + stars: | 2023-07-27 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

The Allied Pilots Association (APA), which represents over 15,000 American Airlines pilots, did not specify the value of the revised deal. The American Airlines revised deal also provides pilots full back pay for this year. In line with United's deal, pay increases for American Airlines' pilots will now take place on January 1 instead of May 2 as provided in the original deal. An American Airlines spokesperson described the revised deal as a contract that its pilots deserve. Southwest Airlines (LUV.N) is now the only major U.S. carrier that is without a new pilot contract deal.

Persons: Brian Snyder CHICAGO, Robert Isom, Rajesh Kumar Singh, Leslie Adler, Bill Berkrot, Jamie Freed Organizations: American Airlines, Airport, REUTERS, United Airlines, North American, Allied Pilots Association, American, United, Delta Air Lines, APA, Jefferies, Delta, United . Airline, Southwest Airlines, Thomson Locations: Boston , Massachusetts, U.S, United States

☆ American Airlines pilot contract offer increases to $9 billion following United agreement
▼ + stars: | 2023-07-22 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —American Airlines (AAL) agreed to raise its pilot contract offer by more than a billion dollars to bring it on par with the tentative agreement competitor United Airlines reached with its pilots last week. The total offer reaches about $9 billion dollars in incremental compensation and benefits, CEO Robert Isom said in a call with pilots Friday. Isom said the United agreement “changed the landscape” and had wages that were higher than Delta’s original negotiations. Last week, United Airlines pilots, represented by the Air Line Pilots Association, reached a deal in principle with the airline, giving the pilots up to a 40% raise. Last week, APA President Ed Sicher said in a statement it is “dead obvious” their union’s existing tentative agreement is “woefully deficient by comparison” to the tentative agreement reached by its competitor airline’s pilots.

Persons: Robert Isom, Isom, “, ” Isom, ”, Ed Sicher Organizations: New, New York CNN — American Airlines, United Airlines, Allied Pilots Association, Board, Air Line Pilots Association, American Airlines Locations: New York, Delta

☆ American Airlines increases offer to pilots by $1 billion, matching United
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

July 21 (Reuters) - American Airlines Group Inc (AAL.O) on Friday said it raised the value of its contract offer to pilots by more than $1 billion to match a more generous deal at United Airlines (UAL.O) after American's union warned that ratification was in jeopardy. United's pilots will get cumulative 34.5% to 40.2% pay raises in that four-year agreement. The Allied Pilots Association (APA), which represents American's pilots, warned on Sunday that ratification was in jeopardy. Dennis Tajer, a spokesman for the union, said earlier this week that United's pilots would earn at least 2% more than their 15,000 counterparts at American. The union also said United's back pay, days off for junior pilots and sick time were superior.

Persons: Dennis Tajer, Priyamvada, Cynthia Osterman Organizations: American Airlines Group Inc, United Airlines, Allied Pilots Association, Thomson Locations: The Texas, Bengaluru

☆ Exclusive: American Airlines pilot deal in 'jeopardy' after United's contract agreement -union memo
▼ + stars: | 2023-07-18 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +2 min

CHICAGO, July 18 (Reuters) - American Airlines' (AAL.O) pilot union has warned that the ratification of the company's new contract deal is in "jeopardy" as United Airlines (UAL.O) has raised the benchmark with its own deal, according to a union memo seen by Reuters. A spokesperson for American Airlines said the company will work with the union to make sure its pilots are taken care of. United's four-year pilot deal offers cumulative pay raises of 34.5% to about 40%. Dennis Tajer, a spokesman for American's pilots union, said United's contract will lead to at least a 2% pay gap between United and American pilots. United's back pay provisions are also better than what American has provided in its pilot deal, he said.

Persons: Dennis Tajer, United's, Tajer, Rajesh Kumar Singh, Sonali Paul, Matthew Lewis Organizations: American Airlines, United Airlines, Reuters, American, Allied Pilots Association, Management, TA, Thomson Locations: Chicago

☆ A fund manager beating 99% of his peers over the last 5 years explains why value is gearing up for a rebound following AI-driven mania — and shares 7 cheap stocks to bet on
▼ + stars: | 2023-07-13 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

A common phrase you'll hear from folks at Smead Capital Management is "fear stock market failure." He manages the Smead Value Fund (SMVLX), which has beaten 99% of similar funds over the last five-year period, and 97% over the last 10- and 15-year periods, according to Morningstar data. Value stocks to buyWithin value stocks, Smead is most bullish on the energy sector, as he believes we're in the earlier stages of a "commodities super cycle." Another area of the market Smead is bullish on right now is shopping mall real-estate investment trusts, or REITs. "Collecting a 6% dividend from them and having upside potential in a stock market that might struggle looks like a winning hand."

Persons: Bill Smead, Smead, he's, Smith Barney, Wells, Ben, we're, Stifel's Barry Bannister, millenials, it's Organizations: APA, DVN, MAC, Smead Capital Management, Morningstar, Smead Capital, Smead, Management, Occidental Petroleum, ConocoPhillips, Property Group, Simon Property Group Locations: OXY, Devon

☆ Chinese delegation to meet with Germany's top corporate brass next week
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +3 min

FRANKFURT/BERLIN, June 16 (Reuters) - A Chinese delegation led by Premier Li Qiang will meet Germany's top CEOs next week as part of a visit to Europe, hoping to strengthen ties at a time when Berlin is pursuing a strategy to lessen its economic dependence on Beijing. A meeting between Li and a group of German and Chinese CEOs is scheduled for June 19, according to people familiar with the plans. Mercedes-Benz (MBGn.DE), SAP (SAPG.DE) and Siemens Energy (ENR1n.DE) all confirmed that their CEOs would meet with the delegation. The CEO of Volkswagen (VOWG_p.DE) division Audi will also participate, a person familiar with the matter said. BASF (BASFn.DE), Bayer (BAYGn.DE), Infineon (IFXGn.DE), Volkswagen (VOWG_p.DE) and BMW (BMWG.DE), all companies with major business ties to China, declined to comment.

Persons: Premier Li Qiang, Li, Li Shufu, Mercedes, Roland Busch, Olaf Scholz, Robert Habeck, Andrew Small, Marshall, Siegfried Russwurm, Ilona Wissenbach, Hakan Ersen, Christoph Steitz, Ludwig Burger, Patricia Weiss, Christina Amann, Andreas Rinke, Rene Wagner, Sarah Marsh, Jan Schwartz, Alexander Huebner, Raju Gopalakrishnan, Louise Heavens Organizations: Premier, Mercedes, Benz, SAP, Siemens Energy, Volkswagen, Audi, Beijing Automotive Group Co, HK, Siemens, Pacific Committee, BASF, Bayer, Infineon, BMW, Thomson Locations: FRANKFURT, BERLIN, Europe, Berlin, Beijing, China, Asia, German, Germany, Frankfurt, Hamburg, Munich

☆ American Airlines aviators reject merger with world's largest pilots' union
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

June 2 (Reuters) - American Airlines Group's (AAL.O) pilot leaders have rejected efforts to join the Air Line Pilots Association (ALPA), union spokesman for the U.S. carrier's aviators, Dennis Tajer, said on Friday. Support from the Allied Pilots Association (APA) board fell short of the two-thirds needed to start merger talks with fast-growing ALPA, the world's largest pilots' union, which recently joined forces with aviators at Air Canada (AC.TO). Pilots at North American carriers are making workplace gains in new contracts as travel rebounds from the pandemic. Allied, which reached a tentative deal last month that boosts pay by 21% in 2023, agreed in November to create a merger committee to look at joining forces with fast-growing ALPA. The group AA Pilots for ALPA, which supported a merger, said in a statement they were disappointed by the APA board of directors' decision which was made on Thursday afternoon.

Persons: Dennis Tajer, Allison Lampert, Matthew Lewis Organizations: American Airlines, Air Line Pilots Association, U.S, Allied Pilots Association, Air Canada, Pilots, North, AA Pilots, ALPA, APA, Thomson Locations: Montreal

☆ Is there a 'right' age for kids to be on social media? 'I certainly don't think anyone under 13' should use it, expert says
▼ + stars: | 2023-05-26 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

What's the best age for kids to start using social media? Surgeon General Vivek Murphy that social media presents a "profound risk" for the mental health of adolescents and teens. Murphy's warning, which came with recommendations for how the tech industry can revamp social media platforms to make them safer, follows a similar health advisory issued by the APA earlier this month. That's easier said than done, especially when all your kids' friends have social media accounts. "We have no psychological science demonstrating that kids will suffer for not being on social media," Prinstein says.

The Allied Pilots Association (APA), which represents over 13,000 pilots at Texas-based American, said on Friday it will move forward with completing contractual language before presenting the contract to its board for an approval. The sources said the contract lasts four years with pay rates comparable to those secured by pilots at Delta Air Lines (DAL.N). Delta's pilots in March ratified their contract which includes over $7 billion in cumulative increases in pay and benefits over four years. It underscores pilots' bargaining power as airlines rush to boost staff numbers ahead of what is shaping up to be a busy summer travel season. American, Delta, United Airlines (UAL.O) and Southwest Airlines (LUV.N) are estimated to hire about 8,000 pilots this year.

☆ American Airlines pilots to get 21% pay raise this year in tentative contract -sources
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: 1 min

CHICAGO, May 19 (Reuters) - Pilots at American Airlines (AAL.O) will get a 21% pay raise this year as part of a new four-year tentative contract, three sources with direct knowledge of the matter said on Friday. The Allied Pilots Association (APA), which represents American's pilots, on Thursday said it has agreed in principle on a new contract. Reporting by Rajesh Kumar Singh and Allison Lampert; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ American Airlines, pilots reach preliminary labor deal
▼ + stars: | 2023-05-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An American Airlines plane prepares to land at the Miami International Airport on May 02, 2023 in Miami, Florida. American Airlines and its pilots have reached a preliminary agreement for a new four-year labor contract after months of tense negotiations, a milestone for the country's biggest carrier. The airline was prepared to offer 40% cumulative raises in a four-year deal, American Airlines CEO Robert Isom said in March. American Airlines CEO Robert Isom said in March. Pilots at United Airlines , Southwest Airlines and FedEx are still in negotiations.

CHICAGO, May 19 (Reuters) - Pilots at American Airlines (AAL.O) have reached an agreement in principle on a new contract, their union said on Friday. The Allied Pilots Association (APA), which represents over 13,000 pilots at the Texas-based carrier, said it will move forward with completing contractual language of the contract before presenting it to its board for an approval. The deal comes over two months after Delta's pilots ratified their contract that includes over $7 billion in cumulative increases in pay and benefits over four years. It underscores the bargaining power pilots are enjoying as airlines rush to boost staff numbers ahead of what is shaping up to be a busy summer travel season. American, Delta, United Airlines (UAL.O) and Southwest Airlines (LUV.N) are estimated to hire about 8,000 pilots this year.

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