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☆ China activates $6.5 bln swap line with Argentina
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

The agreement with China has helped Argentina increase its depleted foreign currency reserves as it undergoes a major economic crisis, with annual inflation above 130% and central bank dollar reserves hitting negative levels. The Wednesday move in practice increases the amount Argentina can access as part of the swap line formalized in early 2023. This is the second swap line with China activated during Fernandez's presidency. According to an official bank source, the total amount of the swap line stood at 47 billion yuans . Libertarian Javier Milei, who has vowed to dollarize the economy and shut down the central bank, is seen as the front-runner.

Persons: Alberto Fernandez, Xi Jinping's, Fernandez, Javier Milei, Jorge Otaola, Steven Grattan Organizations: Argentine, Radio, Fernandez's, Thomson Locations: BUENOS AIRES, China, Argentina

REUTERS/Bruno Kelly Acquire Licensing RightsMANAUS, Brazil, Oct 16 (Reuters) - The Amazon River fell to its lowest level in over a century on Monday at the heart of the Brazilian rainforest as a record drought upends the lives of hundreds of thousands of people and damages the jungle ecosystem. Rapidly drying tributaries to the mighty Amazon have left boats stranded, cutting off food and water supplies to remote villages, while high water temperatures are suspected of killing more than 100 endangered river dolphins. That is the lowest level since records began in 1902, passing a previous all-time low set in 2010. After months without rain, rainforest villager Pedro Mendonca was relieved when a Brazilian NGO delivered supplies to his riverside community near Manaus late last week. The drought has threatened their access to food, drinking water and medicines, which are usually transported by river.

Persons: Bruno Kelly, Pedro Mendonca, Mendonca, Santa Helena do, Nelson Mendonca, Santa Helena do Ingles, Luciana Valentin, Jake Spring, Gabriel Stargardter, Steven Grattan, Marguerita Choy, Sandra Maler Organizations: REUTERS, Rights, Rio Negro, Brazil's Science Ministry, El, Fundacao Amazonia Sustentavel, Sao Paulo, Thomson Locations: Rio Negro, Manaus, Brazil, Rights MANAUS, Brazilian, Santa Helena, Santa Helena do Ingles, Amazonas, parched, Sao

However, as a financial professional and homeowner myself, I still see renting as a more conducive and efficient option to invest and build wealth. In this situation, the renter would have a higher return on investment, with $1.8 million compared to the homeowner with just $617,000. Even though the homeowner's payment stops once the mortgage is paid, the return on investment from just the down payment and maintenance expense favors the renter. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Also, the homeowner still pays property taxes, which may increase over time, and still has to contend with annual maintenance.

Persons: it's, —, Joel Ohman, Jeffrey Zhou, doesn't, Get, Steven Gilbert, Gilbert, Says Ohman Organizations: Service, Gilbert Wealth, & $

☆ Brazil auto exports to plunge this year as Argentina crisis hits hard
▼ + stars: | 2023-10-06 | by ( Alberto Alerigi | ) www.reuters.com time to read: +3 min

Covered new cars are displayed during the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 7, 2018. REUTERS/Paulo Whitaker/File Photo Acquire Licensing RightsSAO PAULO, Oct 6 (Reuters) - Brazilian auto exports are set to plunge by double digits in 2023 when compared with the previous year, automaker association Anfavea said on Friday, as a severe economic crisis in neighboring Argentina hits shipments to that country. "Exports have been the major warning point for the automotive sector in the first nine months of the year," it said. According to Anfavea, the crisis in Argentina caused the country - which has in Brazil its largest trade partner - to lose its position as the No.1 destination of Brazilian auto exports to Mexico this year. In the first nine months of 2022, Anfavea said, auto exports from Brazil have already declined 11.2% from the same period a year ago.

Persons: Paulo Whitaker, Anfavea, Marcio de Lima Leite, Leite, Alberto Alerigi Jr, Gabriel Araujo, Steven Grattan, Angus MacSwan Organizations: REUTERS, SAO PAULO, Thomson Locations: Sao Paulo, Brazil, Argentina, Mexico, Chile, Colombia

☆ Metalworkers suspend strike at Embraer plant in Brazil
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

A view of a miniature airplane at the assembly line of the Embraer aircraft factory in Sao Jose dos Campos, Brazil, May 30, 2022. Sindmetal said it would pitch a new strike with workers on another shift at 3 p.m. local time (1800 GMT). The metalworkers had voted to go on strike early on Tuesday, saying they had rejected a wage offer from the company. According to the union, they had warned Embraer of the potential strike on Sept. 26 but the wage proposal was not sweetened. Negotiations between FIESP and the unions continue," Embraer said, adding that its other factories are also operating normally.

Persons: Sao Jose dos Campos, Carla Carniel, dos Campos, Sindmetal, metalworkers, FIESP, Gabriel Araujo, Andre Romani, Steven Grattan, Lisa Shumaker 私 Organizations: Embraer, REUTERS, SAO PAULO, Local, Boeing, Airbus Locations: Sao Jose, Brazil, SA, FIESP

☆ Lula government's approval rating dips nine months into office in Brazil
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

The CNT/MDA poll said 40.6% of the people surveyed said the performance of the Lula government was "great" or "good" compared with 43% in the previous poll in May. Lula narrowly defeated Bolsonaro in a runoff election last October and took office in January. Still, 46% of those polled say the new government is better than Bolsonaro's, which had a 12-percentage-point lower approval rating after nine months in office. Approval of Lula's own performance as president has also dipped, to 54.9% from 57%, with disapproval rising to 39% from 35%. MDA, commissioned by the national transport lobby CNT, polled 2,002 people across Brazil between Sept. 27 and Oct. 1.

Persons: Luiz Inacio Lula da Silva's, Jair Bolsonaro, Lula, Marcelo Souza, Bolsonaro, Anthony Boadle, Steven Grattan, Rod Nickel Organizations: CNT, MDA, Thomson Locations: BRASILIA, Brazil, Brasilia

☆ Lula admitted to Brasilia hospital for hip surgery
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

Brazil's President Luiz Inacio Lula da Silva gestures during an inauguration ceremony of the new President of Supreme Court, Roberto Barroso, in Brasilia, Brazil September 28, 2023. REUTERS/Ueslei Marcelino/ File Photo Acquire Licensing RightsBRASILIA, Sept 29 (Reuters) - Brazilian President Luiz Inacio Lula da Silva was admitted to hospital on Friday to undergo surgery for hip arthrosis caused by wear and tear of the cartilage on the head of the femur that has caused him much pain in recent months. The two-hour surgery with general anesthetic is aimed at restoring the function of his right hip by arthroplasty, which involves removing the head of the femur to implant a prosthesis. While the surgery is not risky, 77-year-old Lula will remain in hospital until Tuesday and then spend three weeks at the presidential residence recovering. Lula said he put off the surgery because he wanted to take office first and lead the country back to normality after political turmoil under his predecessor, and recover Brazil's international standing.

Persons: Luiz Inacio Lula da Silva, Roberto Barroso, Ueslei Marcelino, Lula, Geraldo Alckmin, Anthony Boadle, Steven Grattan, Christina Fincher Organizations: Supreme, REUTERS, Rights, arthroplasty, United, Thomson Locations: Brasilia, Brazil, Rights BRASILIA, United Arab Emirates

☆ Chipmaker GlobalFoundries seeks funding under CHIPS Act
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

A signage at U.S. chipmaker GlobalFoundries' new fabrication plant in Singapore, September 12, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsSept 25 (Reuters) - Contract chipmaker GlobalFoundries (GFS.O) said on Monday it has submitted applications for funding under the U.S. CHIPS act to expand capacity and modernize its local manufacturing facilities. The CHIPS and Science Act provides a total of $52.7 billion in subsidies for U.S. semiconductor production, research and workforce development. It also includes a 25% investment tax credit for building chip plants estimated to be worth $24 billion. Malta, New York-based GlobalFoundries makes wireless connectivity chips used in mobile phones, WiFi routers and radio towers.

Persons: chipmaker, Edgar Su, Steven Grasso, Lockheed Martin, Jaspreet Singh, Shilpi Majumdar Organizations: REUTERS, U.S . Commerce Department, Lockheed, Thomson Locations: Singapore, U.S, Malta , New York, Bengaluru

☆ Vietnam interested in trade deal with Mercosur, says Brazil's Lula
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

[1/3] Brazil's President Luiz Inacio Lula da Silva greets Vietnam's Prime Minister Pham Minh Chinh during a news statement at the Itamaraty Palace in Brasilia, Brazil September 25, 2023. The move comes as the Mercosur bloc tries to finalize a long-awaited trade deal with the European Union, which the leftist leader has been pushing to be concluded by the end of this year. Canada, South Korea and Singapore are other countries in talks for trade deals with Mercosur. Lula had previously hinted at potential agreements with China, Indonesia, Vietnam and countries in Central America and the Caribbean. A memorandum of understanding on defense, Lula added, was the "first step" towards a future deal that would open room for his country to export defense products to the Asian nation, "including aircraft".

Persons: Luiz Inacio Lula da Silva, Pham Minh Chinh, Adriano Machado, Lula, Pham Minh, Minh Chinh, Vietnam's, Minh, Lisandra Paraguassu, Steven Grattan Organizations: Vietnam's, REUTERS, Rights, Mercosur, Vietnamese, European Union, EU, Saturday, Brazilian, Embraer, EMBR3, United Nations Security Council, Thomson Locations: Brasilia, Brazil, Rights BRASILIA, Vietnam, Argentina, Paraguay, Uruguay, Canada, South Korea, Singapore, China, Indonesia, Central America, Caribbean, Sao Paulo, Hanoi

☆ Stellantis to invest $500 million in Rio plant
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

A Stellantis sign is seen outside its headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsCompanies Stellantis NV FollowRIO DE JANEIRO, Sept 22 (Reuters) - Stellantis (STLAM.MI) will invest up to 2.5 billion reais ($508 million) in its plant in Rio de Janeiro state, its CEO for South America, Antonio Filosa, said on Friday. The announcement happened at an event at the Guanabara Palace, the Rio state government's headquarters, and the funds are part of an investment cycle that ends in 2025. Of the total, 330 million reais have been invested in developing a modified version of its CMP car platform for producing models from several of the group's brands, compatible with combustion, hybrid and electric engines. Stellantis, which owns brands such as Fiat, Peugeot and Jeep, has two other factories in Brazil and two more in South America.

Persons: Rebecca Cook, Antonio Filosa, Stellantis, Rodrigo Viga Gaier, Peter Frontini, Steven Grattan, Jason Neely, David Gregorio Our Organizations: REUTERS, RIO DE, South, CMP, Fiat, Peugeot, Jeep, Thomson Locations: Auburn Hills , Michigan, U.S, RIO DE JANEIRO, Rio de Janeiro, South America, Guanabara, Rio, Brazil

Meanwhile, failed uprisings in Bahrain and eastern Saudi Arabia were followed by years-long crackdowns and a continuing civil war in Syria. “What we’re beginning to see in Saudi Arabia right now is the emergence of a new social contract. Saudi Arabia is the world’s biggest exporter of crude oil, and nearly two-thirds of its income still comes from selling fossil fuels. If Saudi Arabia can become a hub for major sporting events, then that’s a way of attracting interest to the country,” said Maguire. In response to previous criticism about Saudi Arabia’s purported “sportswashing,” the kingdom’s sports minister Prince Abdulaziz bin Turki Al-Faisal said: “People that don’t know Saudi Arabia, have never been to Saudi Arabia, go out and talk about it as if they’ve lived there for 30 years, 40 years.

Persons: Hilal, Kylian Mbappé, Germain, Neymar Jr, Ballon d’Or, Cristiano Ronaldo, Nassr, Patricia de Melo Moreira, it’s, Saudi Crown Prince Mohammed bin Salman –, Leon Neal, Ballon, Karim Benzema, Al Hilal, spender, –, Carlo Nohra, Jordan Henderson, Henderson, “, ’ ” Simon Chadwick, “ We’ve, ” Chadwick, King Salman bin Abdulaziz Al Saud, Al Nassr, Stringer, you’re, Kieran Maguire, they’re, Everybody’s, ” Maguire, Chadwick, Ronaldo, Maguire, … Mohammed bin Salman, ” James Dorsey, ”, Chadwick –, Mohammed bin Salman, Saudi Arabia’s, Prince Abdulaziz bin Turki Al, Faisal, don’t, they’ve, LIV Golf, Jimmy Dunne, LIV, Dunne, Aleksander Ceferin, Erling, Haaland, Jurgen Klopp, Michael Emenalo, Steven Gerrard, Nohra, ” “ They’ve Organizations: CNN, Saudi, Al, Paris Saint, PSG, Saudi Pro League, Ligue, Liga, Serie, Bundesliga, English Premier League, Deloitte, Investment Fund, AFP, Getty, SPL, Saudi Crown, Spanish, Arsenal, CNN Sport, English, Newcastle United, Liverpool, The Athletic, SKEMA Business School, Argentina, Zamalek, King Fahd Sports City, Anadolu Agency, Chelsea, Manchester United, Manchester City, Football, AFC Asian, FIFA, Greece, Royal Spanish Football Federation, Spanish Super, ”, Amnesty International, Amnesty, Middle East Soccer, Saudi Ministry, Sport, PGA Tour, European, UEFA, Premier League, Ettifaq Media, Reuters New Saudi Pro League, Major League Soccer, La Liga, Peterson Institute for International Economics, Russian Direct Investment Fund, Investigations, PGA Locations: Saudi Arabian, Brazil, Saudi, Ittihad, Al, Ahli, Real Madrid, England, France, Germany, Spain, Italy, Saudi Arabia, Liverpool, China, Qatar, Taif, Egypt, Spanish, East, North Africa, Libya, Yemen, Tunisia, Bahrain, Syria, “, ”, Europe, ” Liverpool

☆ An About-Face on Whether the 14th Amendment Bars Trump From Office
▼ + stars: | 2023-09-18 | by ( Adam Liptak | More About Adam Liptak | ) www.nytimes.com time to read: 1 min

A little more than a month ago, a law professor who helped found the Federalist Society, the conservative legal group, enthusiastically endorsed a new law review article arguing that Donald J. Trump was ineligible to be president. The article was “a tour de force,” the professor, Steven G. Calabresi, told me. It demonstrated, he said, that Mr. Trump was subject to a provision of the Constitution that bars some officials who have engaged in insurrection from holding government office. “Trump is ineligible to be on the ballot, and each of the 50 state secretaries of state has an obligation to print ballots without his name on them,” said Professor Calabresi, who teaches at Northwestern University. He appeared to be offering considered views, and he elaborated on them in a blog post titled “Trump Is Disqualified From Being on Any Election Ballots.”

Persons: Donald J, Trump, Steven G, Calabresi, “ Trump, ” Organizations: Federalist Society, Northwestern University

☆ How an auto workers strike 87 years ago transformed America
▼ + stars: | 2023-09-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

The workers, members of the tiny United Automobile Workers union founded just a year prior, sought to improve brutal working conditions at mighty General Motors, the world’s largest manufacturer. The UAW’s sit-down strike across GM plants lasted 44 days. The 44-day strike birthed the United Auto Workers union. The UAW is calling its new strategy a “stand up strike,” a reference to the sit-down strike that started 87 years ago, and has launched targeted strikes at selected plants. The sit-down strike also prompted unionization and a wave of strikes in other industries.

Persons: Sheldon Dick, —, Shawn Fain, “ Shawn Fain, ”, Thomas Sugrue, GM foremen, Steven Greenhouse, Tom Watson, Frank Murphy, “, Joseph McCartin, Emily Elconin, Fain, McCartin Organizations: New, New York CNN, General Motors, Fisher, United Automobile Workers, GM, United Auto Workers, UAW, Detroit’s, Motors, Ford, New York University, American Labor, ” Strikers, Chevrolet, NY, Getty Images Police, Management, Flint police, Michigan Gov, National Guard, New York Times, Magazine, Chrysler, “ Auto, Georgetown University, Bloomberg, Getty, Unions, Current UAW Locations: New York, Flint , Michigan, America, Europe, Flint, Bettmann, Ford, Wayne , Michigan

☆ Brazil's president calls U.S. economic embargo on Cuba 'illegal,' condemns terrorist list label
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +3 min

And to this day it is the victim of an illegal economic embargo," Lula said in a speech opening the G77 Summit of developing nations in the capital, Havana. The comments were made just hours before Lula left for New York, where he will attend the United Nations General Assembly and have bilateral talks with Biden. Earlier, Cuba expressed concerns over the label and Washington’s decades-old Cold War-era economic embargo against the island governed by the Communist Party of Cuba. Cuba and critics of the economic sanctions say the embargo prevents and hampers access to food, medicine and other critical development supplies. In 2019, during the first year of right-wing Jair Bolsonaro's administration, Brazil voted against the motion along with the United States and Israel.

Persons: Luiz Inacio Lula da Silva, Donald Trump, Biden, Lula, Lisandra Paraguassu, Steven Grattan, Aurora Ellis Organizations: Former U.S, Trump, United Nations General Assembly, Communist Party of Cuba, European Union, U.S . State Department, United Nations, Thomson Locations: BRASILIA, Cuba, United States, Havana, Brazil, New York, Israel, Paris

☆ Fourteen dead in plane crash in Brazil's Amazonas state
▼ + stars: | 2023-09-16 | by ( Steven Grattan | ) www.reuters.com time to read: +1 min

SAO PAULO, Sept 16 (Reuters) - Fourteen people on a small jet died when the plane crashed in Brazil's northern Amazonas state on Saturday, the state's governor said. The accident took place in the Barcelos province, some 400 km (248 miles) from the state capital, Manaus. "I deeply regret the death of the 12 passengers and two crew members who were victims of the plane crash in Barcelos on Saturday," said Wilson Lima, Governor of Amazonas state on X, formerly known as Twitter. "Our teams have been working from the outset to provide the necessary support. Reporting by Steven Grattan; Editing by David Gregorio and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Wilson Lima, Governor Lima, Steven Grattan, David Gregorio, Kim Coghill Organizations: SAO PAULO, Brazilian Air Force, Investigation, Prevention, Embraer, O Globo, Governor, Thomson Locations: Brazil's, Amazonas, Barcelos, Manaus, Governor, Lima

☆ Brazil's President Calls U.S. Economic Embargo on Cuba 'Illegal,' Condemns Terrorist List Label
▼ + stars: | 2023-09-16 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

Persons: Luiz Inacio Lula da Silva, Donald Trump, Biden, Lula, Lisandra Paraguassu, Steven Grattan, Aurora Ellis Organizations: Reuters, Former U.S, Trump, United Nations General Assembly, Communist Party of Cuba, European Union, U.S . State Department, United Nations Locations: BRASILIA, Cuba, United States, Havana, Brazil, New York, Israel, Paris

☆ Bellingham workload is only cloud on his horizon
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

Bellingham is only 20 and already has very high-mileage at the top end of the game. Barring injuries Bellingham will face a huge workload this season and world players union FIFPRO has warned that he could be vulnerable to burnout if not managed properly. Only Rooney came anywhere close to Bellingham's total with 10,989 minutes while Lampard's total was 3,477 and David Beckham had not even managed 1,000 senior minutes before turning 20. "It is important for clubs and national teams to take a balanced approach when it comes to managing young players' workloads." Southgate will hope that Bellingham is given sufficient time to re-charge between now and the start of Euro 2024.

Persons: Jude Bellingham, Carlo Ancelotti, Gareth Southgate, Blancos, Bellingham, FIFPRO, Frank Lampard, Wayne Rooney, Steven Gerrard, Rooney, David Beckham, Southgate, I'm, Martyn Herman, Toby Davis Organizations: Real Madrid, Liga, Scotland, Birmingham City, Borussia Dortmund, Southgate, Thomson Locations: England, Bellingham

☆ Brazil's Bolsonaro to be hospitalized on Monday for two operations
▼ + stars: | 2023-09-11 | by ( Rodrigo Viga Gaier | ) www.reuters.com time to read: +1 min

Brazil's former President Jair Bolsonaro speaks during a Partido Liberal Mulher event at the Legislative Assembly of the state of Sao Paulo, in Sao Paulo, Brazil, May 6, 2023. Bolsonaro said he will undergo procedures to correct a hiatus hernia and a deviated septum. "The third one is for October or November," Bolsonaro told Reuters. The surgeries will take place at the Vila Nova Star hospital in Sao Paulo where Bolsonaro underwent preparatory examinations last month. On Saturday, Brazil's Supreme Court authorized a cooperation deal between one of his former aides and the country's Federal Police.

Persons: Jair Bolsonaro, Carla Carniel, Bolsonaro, Rodrigo Viga Gaier, Peter Frontini, Steven Grattan, David Holmes Organizations: Partido Liberal, Legislative, REUTERS, DE, Reuters, Vila Nova Star, Brazil's, country's Federal Police, Thomson Locations: Sao Paulo, Brazil, DE JANEIRO

☆ Copper giant Codelco raises $2 billion in bond offering
▼ + stars: | 2023-09-05 | by ( Fabian Cambero | ) www.reuters.com time to read: +2 min

Codelco's logo is seen at the entrance of its Ventanas copper smelter in Ventanas, Chile October 18, 2019. REUTERS/Rodrigo Garrido/File Photo Acquire Licensing RightsSANTIAGO, Sept 5 (Reuters) - Chile's Codelco raised $2 billion in a bond offering in New York on Tuesday, as the world's top copper producer seeks to fund an investment drive to revive flagging output. "This financing seeks to ensure the availability of resources for the development of a demanding portfolio of investments that for this year will need a total of $4.1 billion," Codelco said in a statement. It said the firm would need to lift its investments to about $4 billion from $3.3 billion to boost its "structural projects." Codelco's production slipped last year to about 1.45 million metric tons, the lowest in around a quarter of a century, and output has slipped further this year with the miner expecting to produce between 1.31 million to 1.35 million metric tons of copper.

Persons: Rodrigo Garrido, Codelco, Moody's, Fabian Cambero, Kylie Madry, Steven Grattan, Emelia, Jonathan Oatis Organizations: REUTERS, Rights, Treasury, BNP, Citi, J.P, Santander, Scotiabank, Thomson Locations: Ventanas, Chile, New York, Morgan

☆ Warren Buffett dumps stock, regulators open probes as claims of abuse and fraud mount against a top Globe Life agency
▼ + stars: | 2023-08-31 | by ( Susan Antilla | ) www.businessinsider.com time to read: +22 min

Five other current or former agents confirmed to Insider that some Arias agents wrote up policies in the names of fictional people or people who were dead. Amy Williamson, an attorney who represents dozens of current and former Arias agents in civil claims, said she received an inquiry from a US attorney's office. With regard to Insider's specific questions about Globe, AIL, and Arias, she said, "It is the Company's policy not to comment." Lusty asked questions about Russin's campaign of aggressive social-media posts since Zinsky filed suit, Williamson said, including posts about his gun purchases. Since Zinsky filed suit against him, Russin has made a string of threatening social media posts featuring firearms.

Persons: Simon Arias, Warren Buffett, Berkshire Hathaway, Arias, Trina Orlando, Michelle Billotte, Billotte, she'd, Orlando, Nancy Andrews, William McKee, McKee, Brett Hambright, Amy Williamson, AIL, Renee Zinsky, Michael Russin, Russin, Jennifer Haworth, Benjamin Webb, Chris Williams, Natalie Price, dialers, DocuSign, Scott Dehning, Steven Greer, Joel Scarborough, Dehning, Haworth, Greer, Zinsky, Abeni Mayfield, Mayfield, Columbia , Maryland Rosem Morton, Abeni Mayfield Orlando, texted, Kailey Andrasko, propositioned, Russin texted, he'd, Kailey, Williamson, Anne Hilbert, Hilbert, Debbie Gamble, Zinsky's, Webb, didn't, interrogatories, Jonathan Lusty, Lusty, I'm Organizations: Arias, . Insurance, Wexford, Berkshire, Globe, Life, American, Arias Organization, Arias Agency, Pennsylvania Department of Insurance, Department of Insurance, Department, Pennsylvania, Globe Life, Texas Rangers, Dallas Cowboys, AIL, Organization, Russin, Insider Orlando, Caesars, Employment, Commission, Caesars Palace, Russin's, Consulting, Court, Western District of Pennsylvania Locations: Wexford , Pennsylvania, Wexford, Morgantown , West Virginia, AIL, Michigan, Scarborough, Columbia , Maryland, Las Vegas, Stockholm, Orlando, Morgantown, Mayfield's, Western District, Pittsburgh

☆ The SAG-AFTRA strike is the best thing to happen to Cameo, the short-video app where celebs get paid to make clips for fans, since the lockdowns
▼ + stars: | 2023-08-28 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Over 2,400 celebrities flocked to Cameo amid the SAG-AFTRA strike. AdvertisementAdvertisementShort-video request app Cameo has seen over 2,400 celebrities starting or reactivating their accounts since the actors' strike began in July, the company's CEO told CNN on Sunday. Cameo is an app where users can pay celebrities to make personalized short clips. Despite the recent influx of celebrities, Cameo has grappled with layoffs, axing 80 of its workforce in July and leaving the company with less than 50 employees, the Information reported. Galanis said at the time Cameo hired too many workers too quickly to "support both fan and talent demand during the pandemic lockdowns."

Persons: Fran Drescher, Alyssa Milano, Steven Galanis, Galanis, —, Cameo, Cheyenne Jackson, Milano, Raymond, Fred Stoller, Elijah Wood Organizations: SAG, Actors, Morning, CNN, Screen Actors, New York Times Locations: Hollywood

☆ Celebrity video site sees a surge of actor sign-ups in the wake of the strike
▼ + stars: | 2023-08-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

Others film short videos for fans on Cameo, fetching anywhere up to $1 to $1,500. CameoThe reality of actors’ livelihoods has come into full focus since the SAG-AFTRA strike began on July 14. Seeking extra cash, many out-of-work thespians have flocked to Cameo, a site where they can earn income from fans who buy personalized celebrity videos. The average price for Cameo for Business, which allows the video to be used for commercial purposes, is $1,700. ‘The Pope’s blessing’Despite the influx of actors this summer, it’s been a slow season for the site since Father’s Day.

Persons: Steven Galanis, ” Galanis, Fran Drescher, ”, Cameo, Drescher, Alyssa Milano, Cheyenne Jackson, Chris Wood, China McClain, Melissa Benoist, Brian Cox, Santa Claus, Galanis, Fred Stoller, Gerard, Raymond ”, Fred the, who’ve, ” Stoller, Stoller, he’s, we’re, it’s, AFTRA Organizations: New, New York CNN, SAG, CNN Business, CNN, for, “, “ The Penguins, Fantasy Football, Business Locations: New York, Hollywood, China, Santa, “ The, Madagascar

☆ The Premier League is missing key players like Cristiano Ronaldo and N'Golo Kanté. They've left for the Saudi Pro League.
▼ + stars: | 2023-08-25 | by ( Will Gendron | Nathan Rennolds | ) www.businessinsider.com time to read: +5 min

The English Premier League kicked off this month without key players like Cristiano Ronaldo and N'Golo Kanté. They have opted to join the Saudi Pro League instead, which has been poaching the world's best players. They've joined the dozens of players flocking to the Saudi Pro League in Saudi Arabia. Saudi Pro League clubs are also targeting high-profile managers in their push to develop the sport in the country. "Something new is obviously happening" in regards to the Saudi Pro League, Richard Masters, the CEO of the Premier League, told the BBC last month.

Persons: Cristiano Ronaldo, N'Golo Kanté, Jordan Henderson, Riyad, Rúben Neves, They've, Neymar, Getty, Michael Reaves, Rumblings, Ronaldo, Hilal, Kylian Mbappé, phenom, Prince Al Waleed bin Talal, Karim Benzema, Sadio Mané, Steven Gerrard, Shaun Botterill, doesn't, Nuno Espírito Santo, LIV, Richard Masters Organizations: English Premier League, Saudi Pro League, Premier League, Eastern, BBC, Investment Fund, Guardian, Saudi, Al, He'll, Chelsea, France, ESPN, Forbes, Paris Saint Germain, Boeing, Bayern Munich, Liverpool, Scottish, Rangers, Aston Villa, Tottenham Hotspur, Saudi Public Investment Fund Locations: Saudi Arabia, Saudi, Hilal, Paris, Brazil, Barcelona, Real Madrid, France

☆ California is considering offering unemployment to workers on strike as the Hollywood writers walkout approaches its 4th month
▼ + stars: | 2023-08-23 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +4 min

California is considering a bill that would give striking workers access to unemployment benefits. AdvertisementAdvertisementLegislators are now considering a bill that would make any striking workers in the state eligible for unemployment benefits if their action lasts more than two weeks. AdvertisementAdvertisementAccording to the bill, striking workers would be eligible for payments of up to $450 per week. New York now offers striking workers up to $504 a week, while New Jersey offers up to $830 a week. New Jersey expanded its law in April, decreasing the waiting period for striking workers before benefits kick in from 30 to 14 days.

Persons: Steven Greenhouse, Kate Bronfenbrenner, —, Bronfenbrenner, Robert Moutrie, Moutrie Organizations: Labor, SAG, Service, Guild of America, Cornell University School of Industrial and Labor Relations Labor, New York Times, Century Foundation, New, Cornell University School of Industrial and Labor Relations, California Chamber of Commerce Locations: California, Wall, Silicon, New York, New Jersey, , Connecticut, Massachusetts, COVID

☆ Russia, expansion and Western relations in the spotlight as leaders gather for pivotal BRICS summit
▼ + stars: | 2023-08-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +9 min

South African police officers walk in front of an event banner outside the venue for the BRICS summit at the Sandton Convention Center in the Sandton district of Johannesburg, South Africa, on Monday, Aug. 21, 2023. Ramaphosa invited 67 leaders from across Africa, Latin America, the Middle East, Asia and the Caribbean to attend the summit, but no Western leaders received an invitation. watch nowBilateral deals and cooperation is common among BRICS members, but de Carvalho challenged the idea that there is a unanimous desire to compete with the G7. He added that the BRICS members do not always agree and do not see the group as a "panacea," but simply a "vehicle to become more influential in global discussions." "The G7 contains the rich Western economies, while BRICS contains the two most populous countries and the leading countries on three continents.

Persons: Michele Spatari, Cyril Ramaphosa, Xi Jinping, Luiz Inácio Lula da Silva, Narendra Modi, Sergei Lavrov, Vladimir Putin, Putin, Ramaphosa, Gustavo de Carvalho, de Carvalho, Lula, BRICS, It's, it's, Steven Gruzd, Gruzd Organizations: Bloomberg, Getty, West, South, Indian, Russian, International, Court, ICC, Western, African Union Commission, New Development Bank, South African Institute of International Affairs, CNBC Locations: Sandton, Johannesburg, South Africa, Ukraine, Africa, Latin America, East, Asia, Caribbean, Nigeria, Saudi Arabia, Iran, UAE, Argentina, Indonesia, Egypt, Ethiopia, Ghana, India, BRICS, Russia, Brazil, China

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