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The case targeting Google's Play Store is being brought by Epic Games, the maker of the popular Fortnite video game, which lost in a similar 2021 trial focused on many of the same issues in Apple's iPhone app store. Match is receiving $40 million and adopting Google's “user choice billing" system in its settlement. The terms of the resolution with the state attorneys general is expected to be revealed during Google's trial with Epic. Epic CEO Tim Sweeney skewered the “user choice billing” option as a sham in a social media post vowing to fight Google in court. Wilson White, Google's vice president of government affairs and public policy, accused Epic of trying to get “something for nothing” in a blog post.

Persons: District Judge James Donato, Sundar Pichai, Pichai, Google’s, U.S . Justice Department’s, Donato, Google's, Tim Sweeney skewered, Sweeney, Wilson White, White, ” Organizations: FRANCISCO, Google, Epic Games, Apple, U.S, Supreme, Android, District, Inc, Washington D.C, U.S ., Match Group Locations: San Francisco federal, U.S, Washington

☆ 'Fortnite' maker Epic Games is battling Google in court over app-store fees 2 years after largely losing a similar case against Apple
▼ + stars: | 2023-11-06 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

A jury will decide if Google Play has been illegally driving up prices for consumers and developers. Epic Games, the maker of the popular "Fortnite" video game, brought the case against Google. Google recently resolved a case being pursued by the owner of Tinder and other online dating services. AdvertisementAdvertisementThe case targeting Google's Play Store is being brought by Epic Games, the maker of the popular "Fortnite" video game, which largely lost in a similar 2021 trial focused on many of the same issues in Apple's iPhone app store. The terms of the resolution with the state attorneys general is expected to be revealed during Google's trial with Epic.

Persons: —, District Judge James Donato, Sundar Pichai, Pichai, Google's, U.S . Justice Department's, Donato, Tim Sweeney skewered, Sweeney, Wilson White, White Organizations: Epic, Google, Service, U.S, District, Inc, Washington D.C, U.S ., Epic Games, Apple, Supreme, Android, Match Group Locations: San Francisco federal, Washington, U.S

☆ Erik ten Hag: Manchester United just can’t find winning formula under Dutch coach
▼ + stars: | 2023-11-02 | by ( Michael Johnston | ) edition.cnn.com time to read: +9 min

“It is below the standards you expect at Manchester United,” Ten Hag told reporters after Wednesday’s defeat. Rasmus Højlund joined Manchester United from Italian club Atalanta in August for a reported fee of $87.7 million. “You just can’t quite get the stability that Ferguson brought, and since then, people have come and gone,” Dutch football expert Michael Statham told CNN Sport. Manchester United manager Ten Hag has had a very public falling out with Jadon Sancho, who last played for the club in August. They are not thinking about strategic reviews or structures or whatever,” the United manager said before the Manchester derby on the weekend.

Persons: Erik ten Hag, Wednesday’s, Newcastle United –, Hag, “, they’re, “ You’re, Rasmus Højlund, Alex Livesey, Sir Alex Ferguson, Ferguson, Michael Statham, Mason Mount, John Walton, –, Mason Greenwood, Antony, Jadon Sancho, Ten Hag, Gareth Copley, Glazer, everpresent, Jim Ratcliffe, Jassim Bin Hamad Al, Sheikh Jassim, Ratcliffe, Michael Regan, Gary Neville, Erik, ” Neville, ”, Jamie Carragher, Lisandro Martínez, Johan Cruyff, that’s, ” Statham, Tyrell Malacia, Martínez, they’ve, Statham, Sancho, “ He’s, Erling Haaland, John Stones, Catherine Ivill Organizations: CNN, Manchester, English Premier League, Old, Manchester City, Newcastle United, Manchester United, of, Atalanta, United, CNN Sport, Chelsea, Spanish, Getafe, Arsenal, The Athletic, Qatari, Sky Sports, Getty, –, ” CNN, Dutch, Ajax –, Ajax, ”, humbling Locations: Old Trafford, Italian, Jassim Bin Hamad Al Thani, Europe, Liverpool, Argentine, Manchester United's Old Trafford, United, Newcastle

☆ Morgan Stanley auto analyst Jonas says investors are ‘waking up’ to idea that Ford, GM are not a way to play EV boom
▼ + stars: | 2023-10-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

For years, investors have poured money into legacy automakers as a cheaper derivative play to Tesla and other high-flying electric vehicle stocks. But that may be the wrong strategy for those looking to participate in the highly anticipated EV boom, according to Morgan Stanley's Adam Jonas. "What investors seem to be waking up to today is the idea that the tens of billions of $ invested in EVs may be value destructive rather than value accretive." Month to date, GM has dropped about 15%, while Ford lost 21%. This, coupled with rising interest rates that threaten demand and average transaction prices, is enough to keep investors on edge, Jonas said.

Persons: Morgan Stanley's Adam Jonas, Ford, Jonas, Michael Bloom Organizations: Ford, General Motors, GM

☆ Israel's name is conspicuously absent from maps on the Chinese internet, report says
▼ + stars: | 2023-10-31 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

Israel's name is omitted on digital maps by Chinese tech companies, the Wall Street Journal reported. AdvertisementAdvertisementIsrael's name is conspicuously absent from maps on the Chinese internet, according to the Wall Street Journal. Internet users in China observed that Chinese tech companies Alibaba and Baidu removed the name Israel from their online maps despite still showing its internationally recognized borders, the report said. But in a statement to The Telegraph, Baidu spokesman Jing Meng denied deliberately omitting Israel from the platform's maps. "Users can find corresponding countries or areas on Baidu Maps by simply using the map's search function," he added.

Persons: —, Jing Meng, Wang Yi, Wang, Zhai Jun, Matthew Loh Organizations: Wall Street Journal, Baidu, Service, Wall Street, Alibaba, Associated Press, Palestinian, AP, Weibo, Palestine, Xinhua Locations: Israel, China, Cyprus, Jordan, Iraq, Beijing, Palestine, United States

☆ Judge shuts down Fox bid to look for links between George Soros and Smartmatic
▼ + stars: | 2023-10-30 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

Manhattan Supreme Court Justice David B. Cohen rejected Fox Corp. and Fox News’ attempts to subpoena George Soros, his son Alex Soros, and their philanthropic organization Open Society Foundation (OSF) for documents related to the election defamation case. Fox argued that Alex and George Soros, as well as OSF, possess material necessary to the network’s defense in the defamation trial. The documentation, Fox argued, would establish a connection between George Soros and Smartmatic. “I base that on the finding that the crux of Smartmatic’s claims is that Fox has asserted they were part of rigging [the election], not that Smartmatic was affiliated with George Soros, Alex Soros, or the OSF,” Cohen said. “We’re interested in the closeness of the relationship, what Soros has done for Smartmatic over time,” Marks said.

Persons: George Soros, David B, Cohen, Fox News ’, Alex Soros, Soros, Fox, Alex, Smartmatic, ” Cohen, “, ”, ” Smartmatic, George, Donald Trump, Rudy Giuliani, Trump, Sidney Powell, ” Aaron Marks, Mark Malloch, Brown, Giuliani, Powell, “ We’re, ” Marks, Marks, Benjamin McCallen, “ They’re, ” McCallen Organizations: CNN, Fox News, Manhattan, Fox Corp, Open Society Foundation, OSF, Fox, New, Soros, Trump Locations: York, Smartmatic, New York

☆ 'AI exposure' is the new buzz term to soften talk about job losses. Here's what it means
▼ + stars: | 2023-10-27 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +2 min

The rapid advancement of artificial intelligence has raised many concerns, prominent among these AI job displacement and mass layoffs throughout the economy. No round of layoffs of knowledge workers goes by without a mention of the threat of AI. In May of this year alone, the U.S. economy lost 4,000 jobs as a result of AI, according to data from employment outsourcing firm Challenger, Gray & Christmas. According to Factset, mentions of generative AI on corporate earnings calls increased from five in December 2022 to 390 in June 2023. The more recent milestone, according to Rand: by 2020, "nearly all occupations are exposed to AI technology patent."

Persons: Alan Guarino, Korn, CNBC's Andrew Ross Sorkin, Guarino, Factset, Rand Organizations: LinkedIn, CNBC, Korn Ferry, Rand Corporation Locations: India, U.S, United States

☆ China signals more support for struggling local governments
▼ + stars: | 2023-10-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Future Publishing | Future Publishing | Getty ImagesBEIJING — China on Tuesday took steps toward easing financing conditions for local governments, which have been at the crux of recent economic difficulties. The central government said it formalized a process allowing local governments to borrow funds for the year ahead — starting in the preceding fourth quarter, according to an announcement published by state media. The measure was adopted at a meeting of the National People's Congress Standing Committee, according to state media. The move helps stabilize fiscal policy, said Xu Hongcai, deputy director of the Economics Policy Commission at the China Association of Policy Science. On Tuesday, Chinese authorities also announced the issuance of 1 trillion yuan ($137 billion) in government bonds for natural disaster relief, according to state media.

Persons: —, Xu Hongcai, Zhiwei Zhang Organizations: Workers, Future Publishing, Getty, State Council, National, China Association of Policy, CNBC, International Monetary Fund, IMF, Xinhua Locations: Suzhou, China's Jiangsu, BEIJING, China

CHICAGO (AP) — After a stopover in the U.S. that lasted the better part of a century, a baroque landscape painting that went missing during World War II was returned to Germany on Thursday. Art Recovery International, a company focused on locating and recovering stolen and looted art, tracked down the elusive painting after a person in Chicago reached out last year claiming to possess a “stolen or looted painting” that their uncle brought back to the U.S. after serving in World War II. The painting has been missing since 1945 and was first reported stolen from the Bavarian State Painting Collections in Munich, Germany. It was added to the database of the German Lost Art Foundation in 2012, according to a statement from the art recovery company. “The crux of our work at Art Recovery International is the research and restitution of artworks looted by Nazis and discovered in public or private collections.

Persons: Johann Franz Nepomuk Lauterer, Christopher Marinello, Marinello, “, ” Marinello, ”, Bernd Ebert, ” Ebert, Lauterer, Ebert, ___ Savage Organizations: CHICAGO, FBI, Consulate, Recovery, Bavarian, Painting, Lost Art Foundation, Art Recovery, Chicago, Team, Alte, Associated Press, America Statehouse News Initiative, America Locations: U.S, Germany, Chicago, Munich, Vienna, Bavarian

☆ Exclusive: US easing Venezuela oil sanctions after election deal -official
▼ + stars: | 2023-10-18 | by ( Matt Spetalnick | ) www.reuters.com time to read: +4 min

Venezuela's President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. The U.S. imposed tough sanctions on Venezuela to punish President Nicolas Maduro's government following his 2018 re-election, which the U.S. and other Western governments rejected as a sham. Since 2019, U.S. sanctions have banned state-run oil company PDVSA from exporting to its chosen markets. The official warned, however, that U.S. decisions on relaxed sanctions would depend on Maduro complying with the latest agreement and working toward free and fair elections. Some opposition figures told Reuters on Monday they doubt Maduro's administration will follow through on the election pledges.

Persons: Nicolas Maduro, Ebrahim Raisi, Leonardo Fernandez Viloria, Joe Biden's, Nicolas Maduro's, Biden, Donald Trump's, We're, Maria Corina Machado, Maduro, Matt Spetalnick, Marianna Parraga, Mayela Armas, Josie Kao Organizations: REUTERS, Rights, Venezuelan, U.S . State Department, Reuters, U.S, EIA, Biden, Thomson Locations: Miraflores, Caracas, Venezuela, U.S, Maduro, Caribbean, OPEC, The U.S, Barbados, BARBADOS

Then came the Hamas attack against Israel, which has made Netanyahu’s late October trip uncertain and put Beijing's Middle East approach to the test. China’s stated neutrality on the war has upset Israel, but Beijing may gain in the long run by forging closer ties with Arab countries, experts said. “For a while at least, Beijing’s Middle East policy is paralyzed by the war,” said Shi Yinhong, professor of international relations at Beijing-based Renmin University of China. “China’s engagement in the Middle East is set to increase during this conflict. Because we need to be the bridge.”But China's proposals to end the war have been seen as benefiting Russia.

Persons: Xi Jinping, Benjamin Netanyahu, China’s, Israel, ”, Shi Yinhong, hasn't, Zhai Jun, Zhai, ” Wang Yi, ” Wang, Antony Blinken, Wang, Maria Papageorgiou, Mohammad Eslami, “, Tuvia, ” Gering, Wang Yiwei, Dale Aluf, China's, Aluf, Yaqiu Wang, Ken Moritsugu, Wanqing Chen, Matthew Lee Organizations: WASHINGTON, —, Renmin University of China, State Department, Hezbollah, University of Exeter, University Minho, Israel, China Policy Center, Institute for National Security, Kremlin, Renmin University, Israel Global Network, Freedom, Associated Press, AP Locations: Beijing, China, Israel, U.S, Iran, Tel Aviv, Palestine, Ukraine, Xinjiang, Xi, Saudi Arabia, United States, Russia, Hong Kong, Taiwan, Communist, Riyadh

☆ Israel and Hamas at war: Latest news
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +5 min

The United Nations World Food Programme said crucial supplies were running dangerously low in Gaza after Israel imposed a total blockade. * When Israel called up its reservists and declared war this week, the response was swift and overwhelming. [1/6]Israeli soldiers patrol following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, in southern Israel, October 11, 2023. * What are global firms with a presence in Israel doing after the Hamas attack? * Israel has raised $200 million in diaspora bonds since the war with Hamas began, Israel Bonds said.

Persons: Antony Blinken, Kan, East Jerusalem's, Israel, Mahmoud Abbas, Violeta Santos Moura, Donald Trump, Netanyahu, Tayyip Erdogan, Wang Yi, Mohammed Deif, upends, Kazuo Ueda, Israel Bonds, Kristalina Georgieva, Stephen Farrell, Lisa Shumaker Organizations: Hamas, United Nations, Food Programme, West Bank, Rights Watch, Britain, Royal Navy, REUTERS, White, Republican, Bank of Japan, * Airlines, Monetary Fund, Thomson Locations: Gaza, Washington, Israel, East, East Jerusalem's Al, Aqsa, Lebanon, Egypt, Sinai, Sderot, Palestinian, Paris, Israeli, Jerusalem, Saudi, Lincoln

☆ Bill Ackman says it's not harassment to ask for the pro-Hamas Harvard students to be named — it's a CEO's due diligence
▼ + stars: | 2023-10-12 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

Bill Ackman is tripling down on his stance that Harvard should name its pro-Hamas students. It's "not harassment to seek to understand the character of the candidates," Ackman wrote. AdvertisementAdvertisementBillionaire investor Bill Ackman says it's not harassment to ask for pro-Hamas Harvard students to be named — it's due diligence. Ackman was separately criticized by Harvard economics professor Jason Furman for his stance that the students should be named. "I admire @BillAckman, including for his efforts to exonerate the innocent," Furman added in a subsequent X post on Wednesday.

Persons: Bill Ackman, It's, Ackman, —, it's, Israel, Jason Furman, Furman, Obama Organizations: Harvard, Service, Pershing, Twitter, Publishing, Ackman

☆ Israel and Hamas at war: Latest News
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +8 min

Scores of Israeli and foreign hostages were taken back to Gaza; Israel says it has identified 97 of them. [1/6]Israeli soldiers patrol following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, in southern Israel, October 11, 2023. * The war falls under a complex international system of justice that has emerged since World War Two. * International airlines have suspended hundreds of flights to and from Tel Aviv following the attack by Hamas militants on Israel. * Israel has raised $200 million in diaspora bonds since the war with Hamas began, Israel Bonds said.

Persons: Israel, Antony Blinken, Kan, Mahmoud Abbas, Wafa, Donald Trump, Netanyahu, Tayyip Erdogan, Violeta Santos Moura, Wang Yi, Mohammed Deif, upends, Kazuo Ueda, Frida, Israel Bonds, Kristalina Georgieva, Georgieva, Stephen Farrell Organizations: United Nations, Food, Palestinian, El Al Airlines, Britain, Royal Navy, U.S, REUTERS, Bank of Japan, * Airlines, Carriers, Dutch KLM, Air France, U.S . State Department, Cyprus Airways, Hamas, Monetary Fund, Thomson Locations: Gaza, Washington, Israel, Egypt, Sinai, United States, Asia, Israeli, Palestinian, Sderot, Paris, Jerusalem, Saudi, Europe, Larnaca, Tel Aviv

☆ Utah accuses TikTok of misleading users about safety, China connection in new lawsuit
▼ + stars: | 2023-10-10 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

Utah is the latest state to file suit against TikTok, alleging the social media site misled its citizens about its relationship to its Chinese parent company and deceptively touted its platform as safe. TikTok has already faced similar lawsuits from Arkansas and Indiana, while Montana has chosen to ban the app altogether, a move that TikTok and creators have challenged. "Social media companies must be held responsible for the harms they are causing," Cox said in a statement. The other elements of the suit touch on concerns that many people have about social media platforms in general, not just TikTok. Utah has been particularly active in seeking to protect its citizens from what it sees as the harmful effects of social media.

Persons: Spencer Cox, Joe Biden, George E, TikTok, Cox, Sean Reyes Organizations: Utah Gov, U.S, Wahlen Department of Veterans Affairs Medical, TikTok, . Utah Gov, Social, CNBC, YouTube Locations: Utah, Salt Lake City , Utah, Arkansas, Indiana, Montana, Washington, China, harm's

☆ Insider Today: Market's crash landing
▼ + stars: | 2023-10-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The core question it presents is whether personal AI devices could have the same impact that the iPhone had on the tech industry. Meta's Responsible AI team shrank amid layoffs and restructuring. Yet the team tasked with ensuring that new AI tech was "fair and inclusive" is half the size it was in 2021. Yet the team tasked with ensuring that new AI tech was "fair and inclusive" is half the size it was in 2021.

Persons: —, Benjamin Netanyahu, Insider's Matthew Fox, Mohamed El, Matthew, Jerome Powell, hasn't, mavens, Izzy Englander, Citadel's Ken Griffin, Point72, Steve Cohen, Phil McCarten, Dave Kotinsky, Shaw, Victor Virgile, Arantza Pena Popo, Bella Hadid, John Lennon, Ben Shelton, Sharon Osbourne, William Hanson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Hamas, Saturday, Israeli, Citadel, federal, Tech, Peoples, Indian Heritage Locations: Israel, D.E, Cupertino, China, South Dakota, Oklahoma, Hawaii, Alabama, Dakota, Los Angeles, New York City, San Diego, London, New York

☆ The fate of this consumer watchdog is in the hands of the Supreme Court
▼ + stars: | 2023-10-03 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

New York CNN —On Tuesday, the Supreme Court began hearing oral arguments in a case that will determine the fate of the Consumer Financial Protection Bureau. The Supreme Court will have the final say on that, however. The consumer watchdog agency was created after the 2008 financial crisis by way of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If the Supreme Court finds the CFPB’s funding structure unconstitutional, it could shutter the agency and invalidate all of its prior rulings. From listening to the case on Tuesday, though, Lynyak believes the Supreme Court will rule that the CFPB’s funding structure is constitutional.

Persons: Dodd, Frank Wall, Democratic Sen, Elizabeth Warren, Ting Shen, Wells, Sam Gilford, ” There’s, Joseph Lynyak III, Lynyak, ”, Noel Francisco, Francisco, “, Sonia Sotomayor, Amy Coney Barrett Organizations: New, New York CNN, Supreme, Consumer Financial, Bureau, Community Financial Services Association of America, Appeals, Fifth Circuit, Frank Wall Street Reform, Consumer, Democratic, Harvard Law School, Federal Reserve, Bloomberg, Getty, “, Mortgage Bankers Association, National Association of Homebuilders, National Association of Realtors, Bank of America, Court, Federal Deposit Insurance Corporation, Congressional, CNN, Dorsey & Whitney, Republican Locations: New York, New Orleans, United States

RALEIGH, N.C. (AP) — A federal judge on Saturday blocked two portions of North Carolina's new abortion law from taking effect while a lawsuit continues. But nearly all of the restrictions approved by the legislature this year, including a near-ban after 12 weeks of pregnancy, aren't being specifically challenged and remain intact. The litigation doesn’t directly seek to topple the crux of the abortion law enacted in May after GOP legislators overrode Democratic Gov. North Carolina had a ban on most abortions after 20 weeks before July 1, when the law scaled it back to 12 weeks. A spokesperson for Senate leader Phil Berger, one of the legislative defendants, said Saturday that Eagles’ order was still being reviewed.

Persons: aren't, Catherine Eagles, —, Roy Cooper’s, Roe, Wade, ”, Barack Obama, “, Beverly Gray, Phil Berger, Josh Stein, Stein Organizations: —, Republican, Planned, Democratic Gov, Supreme, ” Eagles, Eagles, OB Locations: RALEIGH, N.C, North, U.S, Carolina, North Carolina

"For a long time, it has been Shell's ambition to be a leader in the energy transition. It is the reason we work here," said the letter which was addressed to Sawan and the Shell executive committee. "We might not always agree on the way forward, but I feel good about the role Shell is, and will continue, to play. A Shell spokesperson said: "We appreciate that our staff are engaged in and have passion for both the energy transition and Shell... Several senior Shell executives have left the low-carbon and renewables division since the strategy change.

Persons: Wael Sawan, Sawan, Thomas Brostrom, Shell, Lisette de Heiden, Wouter Drinkwaard, De Heiden, Drinkwaard, Oliver Bishop, Roberto Jimenez, Colin Crooks, Ron Bousso, Sharon Singleton Organizations: Reuters, Shell, CMD, BP, Thomson Locations: Shell's, Sawan, Ireland, France, India, Europe

☆ Here's why Jim Cramer believes that fears about Starbucks in China are overblown
▼ + stars: | 2023-09-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jim Cramer's, Jim, Shawn Fain, Ford Organizations: CNBC, Nasdaq, Dow, Treasury, U.S, Texas, Starbucks, United Auto Workers, General Motors, Club, Ford, UAW, GM Locations: China, Seattle, Shanghai

☆ Breakingviews: Carmakers will blink first in union standoff
▼ + stars: | 2023-09-22 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

REUTERS/Michael Swensen Acquire Licensing RightsNEW YORK, Sept 22 (Reuters Breakingviews) - Detroit will run out of road before its unions do. In 2019, when a UAW strike closed manufacturing at GM for 40 days, it reduced output by 300,000 vehicles and operating profit by $3.6 billion. The crux of negotiations probably will come down to wages, where Fain said Ford has budged, including the reinstatement of cost-of-living increases. With the UAW prepared to endure, Detroit will be pressured to blink. The union on Sept. 15 initiated targeted walkouts at three plants owned by the three Detroit vehicle manufacturers.

Persons: Sheila McGee, Michael Swensen, Shawn Fain, Fain, Ford, walkouts, Lauren Silva Laughlin, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav Organizations: Ford, UAW, REUTERS, Reuters, United Auto Workers, General Motors, GM, Ford Motor, Detroit, Thomson Locations: Louisville , Kentucky, U.S, Detroit, Wells

☆ Carmakers will blink first in union standoff
▼ + stars: | 2023-09-22 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

☆ Sunac China files for Chapter 15 bankruptcy protection
▼ + stars: | 2023-09-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —One of China’s leading property developers, Sunac, has filed for bankruptcy protection in the United States, shortly after winning approval from its creditors to restructure nearly $10 billion worth of debt. The company filed a petition for Chapter 15 protection with the US Bankruptcy Court for the Southern District of New York on Tuesday. It’s the second big distressed Chinese developer in weeks to seek such protection: Evergrande made a Chapter 15 filing in the United States a month ago, after posting losses of $81 billion in the last two years. Entering the process may help Sunac China negotiate with overseas lenders as it works to overhaul its debt. “While Evergrande is still struggling to get their offshore creditors on board, Sunac has really overtaken them,” she said.

Persons: It’s, Evergrande, Sunac, Sandra Chow, it’s, Chow, ”, —, ” Chow, “, Andy Rose Organizations: Hong Kong CNN, US, Court, Southern, of, Asia, CNN, Evergrande Locations: China, Hong Kong, United States, of New York

☆ Can Joe Biden and a fistful of cash win rural America for Democrats?
▼ + stars: | 2023-09-15 | by ( Andrea Shalal | ) www.reuters.com time to read: +9 min

Trump widened his lead among rural voters to 65% in 2020 from 59% in 2016. That includes $20 billion for rural health systems, $20 billion for clean-energy agriculture projects, $11 billion for rural electrification and $13 billion towards rural clean energy projects, the White House calculates. "You get out into the rural areas, and the folks are older and don't have the educational level. USDA data shows 21% of working-age adults in rural areas have at least a bachelor's degree compared to 37% in urban areas. "Biden and [Democratic] Maine Governor Janet Mills: they're too much bleeding hearts.

Persons: Joe Biden's, Andrea Shalal, Rhiannon Hampson, she's, Hampson, We've, Donald Trump, Trump, Barack Obama, Mark Brewer, Suzanne Mettler, Trevor Brown, Brown, Ron Kaufman, Kaufman, Mitt Romney, George H, Bush, Biden, Tom Perez, I'm, John Piotti, James Gimpel, Gimpel, Orange, Dick Bouchard, Janet Mills, Jared Golden, overplaying, TRUMP, Paul Tewes, Matt Hildreth, Nathan Layne, Heather Timmons, Suzanne Goldenberg Organizations: REUTERS, Rights, U.S . Department, Republicans, Democratic, Biden, Republican, Reuters Graphics Reuters, Trump, University of Maine, Cornell, Republican National Committee, Democratic National Committee, Political, Trust, Pew, Center for Information, Research, Civic, Tufts University . White, Family Foundation, Data, University of Maryland, Pew Research, DEMOCRATS Maine, Maine, Reuters, Democrats, Democratic Party, Thomson Locations: Waterville , Maine, U.S, Waterville, Presque Isle, America, North Carolina, Georgia, Wisconsin, Pennsylvania, Maine, Orono, Nebraska, Massachusetts, Utah, Maine's, Vietnam, Poland, Iowa, Ohio , Montana

REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsPARIS/LONDON, Sept 14 (Reuters) - Britain, France and Germany said on Thursday they would retain ballistic missile and nuclear proliferation-related sanctions on Iran that were set to expire in October under the 2015 Iran nuclear deal, a step that could provoke Iranian retaliation. The JCPoA agreed with Iran in 2015 envisaged a "Transition Day" eight years later, when remaining ballistic missile and nuclear-related sanctions on Iran would be lifted. But Britain, France and Germany will now transfer UN sanctions on Iran that are due to be lifted next month into domestic law, while Britain and the EU will retain existing sanctions, Britain's Foreign office said in a statement. The crux of the JCPoA pact, which Iran made with Britain, China, France, Germany, Russia and the U.S., limited Tehran’s nuclear programme making it harder for it to get fissile material for a bomb in return for relief from economic sanctions. We stand ready to reverse our decision, should Iran fully implement its JCPoA commitments," the E3 said, referring to a mechanism that would immediately restore all UN sanctions against Iran.

Persons: Leonhard Foeger, Josep Borrell, Donald Trump, Joe Biden’s, Sachin Ravikumar, Parisa, David Holmes, Timothy Gardner Organizations: International Atomic Energy Agency, IAEA, REUTERS, Reuters, EU, Iran, Thomson Locations: Vienna, Austria, Britain, France, Germany, Iran, United Kingdom, Ukraine, Russia, Tehran, United States, China, U.S, Dubai

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