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[1/2]Striking United Auto Workers (UAW) union workers picket outside the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 23, 2023. Workers went on strike on Sept. 15 at one plant each from GM, Ford and Stellantis. The union escalated on Sept. 22, when workers walked off the job at GM and Stellantis distribution facilities in 20 states nationwide. UAW workers also are threatening to walk off the job at heavy truck maker Mack Trucks on Sunday, and at three Detroit casinos. A UAW strike has shut down a plant that builds axles for Mercedes-Benz's Alabama vehicle factory.

Persons: Shawn Fain, Fain, Stellantis, Mary Barra, Jim Farley, Farley, Joe Biden, Barra, Sam Fiorani, Ford, Nalio Chery, Arthur Wheaton, Mack Trucks, David Shepardson, Joseph White, Ben Klayman, Abhirup Roy, Bianca Flowers, Shivansh, Abhijith G, Peter Henderson, Nick Zieminski, David Gregorio, Jonathan Oatis Organizations: UAW, Lansing , Michigan Ford, GM, Ford, United Auto Workers, Detroit, Chrysler, Mack Trucks, AutoForecast Solutions, Ford Michigan Assembly Plant, REUTERS, Workers, Ford Explorer, Lincoln Aviator, Traverse, Buick, Marshall, Cornell University, Mercedes, Reuters, Thomson Locations: Chicago, Lansing , Michigan, DETROIT, Barra, Detroit, Wayne , Michigan, U.S, Dieu, Lansing, Michigan, Marshall , Michigan, Alabama

“I don’t know why Jim Farley is lying about the state of negotiations," Fain said in a statement responding to the Ford CEO. The UAW wants those workers represented by the union and paid the highest-tier wages. Workers went on strike on Sept. 15 at one plant each from GM, Ford and Stellantis. UAW workers are threatening to walk off the job at heavy truck maker Mack Trucks on Sunday, and at three Detroit casinos. A UAW strike has shut down a plant that builds axles for Mercedes-Benz's Alabama vehicle factory.

Persons: Jim Farley, Shawn Fain, Stellantis, Fain, Sam Fiorani, Joe Biden, Ford, Farley, Arthur Wheaton, Mack Trucks, Silverados, David Shepardson, Joseph White, Ben Klayman, Abhirup Roy, Bianca Flowers, Shivansh, Abhijith G, Peter Henderson, Nick Zieminski, David Gregorio, Jonathan Oatis Organizations: UAW, Lansing , Michigan Ford, Ford, United Auto Workers, Detroit, Chrysler, Mack Trucks, AutoForecast Solutions, Workers, Ford Explorer, Lincoln Aviator, Traverse, Buick, Marshall, General Motors, GM, Cornell University, Mercedes, Reuters, Thomson Locations: Chicago, Lansing , Michigan, DETROIT, U.S, Detroit, Lansing, Michigan, Marshall , Michigan, Alabama

☆ A big EV purchase decision that's not about the car model you buy
▼ + stars: | 2023-09-29 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +3 min

As all-electric vehicles become more popular and incentives for renewable energy proliferate, many early EV adopters may be reconsidering their home charging needs. The decision to upgrade from a standard Level 1 charger to a Level 2 charger at home is on many owners' minds. It can be an important decision given that about 80% of all charging takes place at home, according to Department of Energy estimates. You might not need Level 2 charging capabilities at home, however, since they can often be found at retail establishments, workplaces, restaurants and grocery stores. Another option is a Level 2 at-home charging station that's permanently mounted, which can allow users to customize charging schedules to better control charging.

Persons: Brian Wilkerson, I'm, Mark Barrott, Plante Moran Organizations: of Energy, Ford Pro, Ford Motor Company, EV, of Transportation

Russian President Vladimir Putin chairs a government meeting via a video link at the Kremlin in Moscow, Russia, September 27, 2023. The impact on refined product supplies bolstered global oil prices , which rose to their highest since last November. Russian domestic fuel prices initially eased on the local commodity exchange, but began to creep up again after an easing of the restrictions was announced over the weekend. The government is also reconsidering a cut to damper payments, or subsidies to oil refineries, which began this month, he said. Wholesale fuel prices spiked, although retail prices are capped to try and keep them in line with the official rate of inflation.

Persons: Vladimir Putin, Mikhail Metzel, Novak, Putin, Alexander Novak, Vladimir Soldatkin, Jan Harvey, Kirsten Donovan, Barbara Lewis Organizations: Kremlin, Sputnik, REUTERS Acquire, Putin, Wednesday, Traders, Thomson Locations: Moscow, Russia, MOSCOW

☆ FAI did not make formal contract offer to Pauw, says chief exec
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

Following its review, the FAI said it would not renew her contract, which expired at the end of last month. Pauw said on Aug. 31 that she had begun talks with the FAI over a new contract in March and that it had "committed to issuing an offer" before reconsidering their position. "At no point was a contract offer ever presented to Vera," chief executive Hill told reporters on Thursday. "Conversations did not progress to a point where a formal offer was made to Vera ... and in advance of the World Cup, we decided to pause discussions." "We believed it was not appropriate to offer a new contract at this point."

Persons: Vera Pauw, Dan Peled, Jonathan Hill, Vera Pauw's, Pauw, Vera, Hill, Houston Dash, Hritika Sharma, Peter Rutherford Organizations: Soccer Football, FIFA, Brisbane Football, REUTERS, Ireland FA, FAI, Athletic, Houston, U.S ., Thomson Locations: New Zealand, of Ireland, Nigeria, Brisbane, Australia, Republic, Ireland, U.S, Hyderabad

☆ Applying to College? Here’s How A.I. Tools Might Hurt, or Help.
▼ + stars: | 2023-09-01 | by ( Natasha Singer | More About Natasha Singer | ) www.nytimes.com time to read: 1 min

I spent the last week talking with university officials, teachers and high school seniors about the dreaded college admissions essay. And I’ve been thinking a lot about how artificial intelligence tools like ChatGPT, which can manufacture school essays and other texts, might reshape the college application process. I was particularly interested to learn whether admissions officials were rejiggering their essay questions — or even reconsidering personal essays altogether. Amid a deluge of high school transcripts and teacher recommendations, admissions officers often use students’ writing samples to identify applicants with unique voices, experiences, ideas and potential. How might that change now that many students are using A.I.

Persons: chatbots Organizations: The Times

☆ Former Ireland coach Pauw says FAI 'undermined' her during World Cup
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

Sept 1 (Reuters) - Former Ireland coach Vera Pauw said executives from the country's football association (FAI) undermined her position and interfered in football matters during the Women's World Cup. Dutch coach Pauw led Ireland to their first major tournament this year in Australia and New Zealand, where they exited in the group stage. Eileen Gleeson, FAI's head of women and girls' football, was appointed interim head coach. "Following the article ... which included allegations I absolutely refute, I believe the FAI made some major mistakes by directly overruling the tasks of the coach," Pauw said on Thursday in a statement cited by the Irish Times. "I believe that the review process which the association has carried out was flawed and that the outcome was pre-determined," Pauw added.

Persons: Vera Pauw, Pauw, Eileen Gleeson, FAI's, Houston Dash, Hritika Sharma, Peter Rutherford Organizations: FAI, Athletic, Houston, Irish Times, Thomson Locations: Ireland, Australia, New Zealand, Hyderabad

☆ Netflix pioneered the industry model of 100% ownership, and Hollywood followed, but now buyers like Amazon and Warner Bros. Discovery are backing away from it
▼ + stars: | 2023-08-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Netflix popularized the model of owning shows outright, but now streamers are reconsidering licensing. But now those walls are beginning to come down at competitors like Amazon, Apple, and Warner Bros. Under the cost-plus model championed by Netflix, the streamer paid more for shows upfront than legacy TV platforms had traditionally paid. But as part of those rich deals, Netflix retained future licensing rights, depriving producers of windowing opportunities — i.e., syndication or foreign distribution rights — that could fund future projects. Now, with Hollywood entering a new phase of penny-pinching , the entertainment giants are easing up on exclusive ownership of content.

Persons: WBD, Bob Iger, Sean Furst, they're, Furst, There's, we'll Organizations: Netflix, Producers, Apple, Warner Bros, Hollywood, Disney, Discovery

☆ Storm Shadow missiles give Ukraine 'a much longer stick,' but Russia is already learning to adapt, expert says
▼ + stars: | 2023-07-31 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The Storm Shadow cruise missile is the latest highly touted weapon employed by Ukraine. Some observers believe Storm Shadow will be crucial to Ukraine's counteroffensive. The missile's 155-mile range allows Ukrainian jets to launch it while staying out of range of Russian air defenses. A British Royal Air Force Tornado GR4 loaded with four Storm Shadow missiles during a test over the Atlantic Ocean. Storm Shadow missiles, while effective, have a "very similar capability with a very similar payload used very much against the targets that ATACMS would have been used against," Kofman said on the podcast.

Persons: Storm Shadow, Michael Kofman, Cpl Mark Parkinson, HIMARS, we've, Kofman, Serhii, You'd, Biden, ATACMS, Michael Peck Organizations: Service, Carnegie Endowment, International, Royal Air Force Tornado, Storm, UK Ministry of Defence, Getty, MGM, Tactical Missile, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Wall, Silicon, Russia, France, Russian, Crimea, Kyiv, Kherson, Forbes

☆ They Put the Heart in ‘Heartstopper’
▼ + stars: | 2023-07-29 | by ( Erik Piepenburg | ) www.nytimes.com time to read: +1 min

But then we started talking about coming out, and the mood in the room shifted, fast. Last year, Connor came out on Twitter as bisexual, saying he felt forced to do so after some fans accused him of queer-baiting. “I had just told my mum, and I was on top of the world,” he said. “I quickly realized I was ready to tell my mum but I was not ready to tell the world. I retold all my friends and they’re like, ‘Yeah, you told us two years ago.’”And now that he’s out-out and playing gay on “Heartstopper”?

Persons: Connor, ”, it’s, ” Locke, “, Locke glanced

☆ Comcast beats expectations as higher prices offset slowing broadband growth
▼ + stars: | 2023-07-27 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Comcast beat analyst estimates on Thursday when it reported its second-quarter results, as higher pricing helped offset a continued slowdown in its broadband business. The company now groups its Xfinity-branded broadband, cable TV and wireless services with its U.K.-based Sky. Higher average rates helped to offset second-quarter subscriber losses, leading to broadband revenue growth of 4.4%. Comcast and its peers have experienced slowing growth in the broadband segment following quarters of robust gains during the early days of the Covid pandemic. The drop in domestic advertising was largely due to lower revenue at NBCUniversal's TV networks, which was partially offset by the leap in Peacock revenue.

Persons: Peacock, Cord, Bob Iger, NBCUniversal, Mario Organizations: Comcast, Refinitiv, Disney, USA Network, Bravo, Premier League soccer, Peacock, Sky Sports, Revenue, Mario Bros, Super Nintendo, CNBC Locations: Beijing, Japan, Orlando, Florida

☆ Civil unrest, legal appeals and military disobedience: What Israel may face after Supreme Court law change
▼ + stars: | 2023-07-25 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +13 min

Striking down a Basic Law would be uncharted territory for the Supreme Court, although the court has examined and commented on Basic Laws before. Hazem Bader/AFP via Getty Images People in Tel Aviv, Israel, demonstrate against the judicial overhaul plan on Saturday, July 22. Saeed Qaq/NurPhoto via Getty Images Protesters from Tel Aviv walk the entrance road to Jerusalem after a four-day march on July 22. Ilan Rosenberg/Reuters Protesters block the main entrance to the Ministry of Defense during a protest in Tel Aviv on July 18. Israeli military reservist signs pledge to suspend voluntary military service if the government passes judicial overhaul legislation, near the defence ministry in Tel Aviv, Israel on July 19.

Persons: CNN —, Israel doesn’t, Benjamin Netanyahu, Esther Hayut, ”, ” Hayut, Barak Medina, ” Medina, ” Yohanan Plesner, Ron Dermer, “, Plesner, Netanyahu, Monday, Amir Cohen, Corinna Kern, Oded, Jack Guez, Hazem Bader, Ammar Awad, Aryeh Deri, Shas, Ronaldo Schemidt, Ohad, Mahmoud Illean, Ronen Zvulun, Dar Yaskil, Saeed Qaq, Matan Golan, Eyal Warshavsky, Menahem Kahana, Ilan Rosenberg, Amir Levy, Medina, ” Plesner, Israel, Biden, Karine Jean, Pierre, ” Dermer, Biden hadn’t, Martin Indyk, Dan Kurtzer, Indyk, Israel hasn’t Organizations: CNN, Law, Supreme, Nation State Law, Hebrew University of Jerusalem’s, of Law, Israel Democracy Institute, Strategic, Israel Medical Association, IMA, High Tech, ”, Reuters, Getty, AP, Protesters, Getty Images, Reuters Protesters, AP People, Ministry of Defense, Air, House Press, New York Times, State Department Locations: Israel’s, United States, Israel, Jerusalem, Tel Aviv, Israeli, AFP, Reuters Israeli

☆ Reconsidering the Staycation
▼ + stars: | 2023-07-15 | by ( Melissa Kirsch | More About Melissa Kirsch | ) www.nytimes.com time to read: +2 min

I’ve always been skeptical of the staycation. So I was intrigued to discover, thanks to my colleague Catherine Pearson, that I have been staycationing all wrong. Evidently, my tendency to stumble into time off without a plan is unlikely to produce a restorative effect. This weekend, you could, for instance, seek out some vegan ice cream that doesn’t taste terrible. You could try running in a pool, which is easier on the joints but as effective as running on land.

Persons: I’ve, van, Catherine Pearson, Jaime Kurtz, “, ”, we’re Organizations: James Madison University

☆ EU Commission sticks to US economist pick for senior antitrust job
▼ + stars: | 2023-07-14 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, July 14 (Reuters) - The European Commission stuck to its guns on Friday, saying it was not reconsidering EU antitrust chief Margrethe Vestager's pick of a U.S. economist to a senior job helping to oversee Big Tech despite criticism from French ministers and EU lawmakers. Fiona Scott Morton, 56, the former chief economist at the U.S. Department of Justice during former President Barack Obama's tenure, will take up her three-year stint on Sept. 1 when the current chief economist, Pierre Regibeau, retires. She will be the first non-EU national, first U.S. national and first woman for the job. They cited the strategic importance of the post, potential conflicts of interest due to Scott Morton's previous work with Big Tech, and her previous public antitrust comments. Head of the centre-right group European People's Party Manfred Weber, president of the liberals' group Renew Europe Stephane Sejourne, head of the socialists group Iratxe Garcia Perez and the heads of the green party Philippe Lamberts and Terry Reintke said they opposed the new hire.

Persons: Margrethe Vestager's, Fiona Scott Morton, Barack Obama's, Pierre Regibeau, Vestager, Scott Morton's, Dana Spinant, European People's Party Manfred Weber, Europe Stephane Sejourne, Iratxe Garcia Perez, Philippe Lamberts, Terry Reintke, Scott Morton, Foo Yun Chee, Jan Harvey Organizations: European Commission, Big Tech, U.S . Department of Justice, EU, European People's Party, Thomson Locations: BRUSSELS, U.S, Europe

The latest drubbing in the world's biggest bond markets, which last year suffered a record rout, does not yet point to any dysfunction in the markets themselves, investors said. But in echoes of the volatile conditions seen during March's banking crisis, trading in euro zone benchmark German government bond futures were briefly interrupted on Thursday when bond yields spiked. U.S. and British 10-year yields were also set to end the week more than 20 bps higher , . ING said earlier on Friday that this week's data was strong enough to push yields higher even if jobs numbers interrupt the moves. "It won't be as bad as that, but higher rates and higher yields could lead to negative returns and pressure returns on equity markets."

Persons: Mike Riddell, Jan von Gerich, Mark Dowding, Gael Fichan, Fichan, BlueBay's Dowding, Yoruk Bahceli, Samuel Indyk, Harry Robertson, Hugh Lawson Organizations: U.S, Federal, Allianz Global Investors, Fed, of, European Central Bank, BlueBay Asset Management, Syz, ING, Global, Thomson Locations: Europe, United States, Australia, British, Germany, Britain, U.S, of England

☆ Ron DeSantis vows to attend the first debate whether Trump shows or not
▼ + stars: | 2023-07-07 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Ron DeSantis said he will show up to the first GOP debate regardless of what Trump does. Ron DeSantis is vowing to attend the first Republican presidential debate regardless of what Donald Trump does. "I'll be there, regardless," DeSantis told Fox News on Thursday evening. Former Vice President Mike Pence has said he is unafraid to challenge Trump directly, should his former running mate actually show up. Former Vice President Mike Pence, former UN ambassador Nikki Haley, conservative entrepreneur Vivek Ramaswamy, and Sen. Tim Scott of South Carolina follow.

Persons: Ron DeSantis, Trump, DeSantis, goad Trump, —, Donald Trump, Mike Pence, I've, Pence, Hugh Hewitt, Chris Christie, Christie, CNN's Jake Tapper, Tim Scott, Nikki Haley, FiveThirtyEight's, Vivek Ramaswamy, Sen, Tim Scott of Organizations: Trump, reconsidering, Service, Gov, Fox News, PAC, Former New Jersey Gov, Republican National Committee Locations: Florida, Milwaukee, DeSantis, Tim Scott of South Carolina

☆ Home insurers reconsider policies in Florida and California due to severe weather
▼ + stars: | 2023-06-30 | 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 EmailHome insurers reconsider policies in Florida and California due to severe weatherNancy Watkins, Milliman Principal and Consulting actuary, and Carmen Balber, Consumer Watchdog executive director, join 'Last Call' to discuss insurance agencies reconsidering policies in disaster prone states like Florida and California.

Persons: Nancy Watkins, Carmen Balber Organizations: Consulting, Consumer Watchdog Locations: Florida, California

☆ Hollywood's love affair with private credit could be a recipe for disaster
▼ + stars: | 2023-06-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Private credit goes Hollywood. A town that loves a good story has a leading role in the biggest one on Wall Street. So in that vein, private credit filling the gap left by banks reconsidering their lending decisions is great. Ratings agency Moody's has already raised the alarm, suggesting defaults among borrowers in private credit will rise. But I think it's fair to say that industry isn't as cut and dried as others private credit might be lending to.

Persons: Dan DeFrancesco, fanny, —, we've, Maks, it's, Insider's Reed Alexander, Rebecca Ungarino, Reed, Rebecca, Moody's, Consuelo Vanderbilt Costin, Bryan Griffin, James, Jim, Crown, Henry Crown, Junius Myer Schine, David Sinclair, Jeffrey Cane, Hallam Bullock Organizations: Credit Suisse, Wall, Investment, Hollywood, Creators, The Vanderbilt, UBS, JPMorgan, Fidelity, Wall Street, LinkedIn Locations: Hollywood, Swiss, Aspen , Colorado, Silicon, Jersey Shore, New York, London

☆ Starbucks is planning 'clearer' guidance around Pride decor after leaked messages showed managers' confusion
▼ + stars: | 2023-06-27 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

The new guidance comes as staffers are on strike over Starbucks' treatment of its workers. Neither the post nor a Starbucks spokesperson clarified exactly what the guidelines would say. A spokesperson for Starbucks Workers United said that the chain had not informed the union about the clarified guidelines. Since Friday, union members at about 150 stores representing 3,500 workers have been on strike over the Pride guidelines and Starbucks' approach to bargaining contracts with employees. Since then, about 8,000 workers in 333 Starbucks stores have opted to unionize, though no store has won a contract yet, according to Workers United.

Persons: —, Sara Trilling, Brian Cornell Organizations: Starbucks, Service, Bloomberg, Starbucks North, Starbucks Workers, Pride, Workers, Workers United, National Labor Relations, Bloomberg Law, NLRB, Target Locations: Seattle, Buffalo , New York

☆ Starbucks to Offer ‘Clearer’ Store Décor Guidelines After Pride Clash
▼ + stars: | 2023-06-27 | by ( J. Edward Moreno | ) www.nytimes.com time to read: +2 min

Starbucks Workers United said on Monday that the strike would go on unless the company agreed to come to the bargaining table. “While we are glad Starbucks is finally reconsidering its position on pride decorations, Starbucks continues to ignore that they are legally required to bargain with union workers — that’s the power of a union,” the union said in a statement. A Starbucks spokesman said only about 12 stores have had to close each day since the strike began. “The union’s violations have ignited and inflamed workplace tension and division and provoked strikes and other business disruptions in Starbucks stores,” the charges said. In response to tensions with the union, Starbucks adopted a stricter dress code and décor policy to prevent workers from filling stores with union paraphernalia.

Persons: —, Bud Light, influencer Organizations: Starbucks, Starbucks Workers, National Labor Relations Board, Pride

☆ Starbucks promises ‘clearer’ guidelines after Pride Month decor clash with union
▼ + stars: | 2023-06-27 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

New York CNN —Starbucks will clarify its policy on Pride decorations following criticism and strikes at unionized stores. Earlier this month, Starbucks Workers United, the union representing organized stores, claimed that Starbucks has restricted decorations celebrating Pride Month in locations in multiple states. Starbucks workers attend a rally outside the Starbucks Reserve Roastery in Seattle, Washington, on June 23, 2023. Starbucks workers outside of the Starbucks Reserve Roastery. Matt Mills McKnight/ReutersThere are roughly 9,300 company-operated US Starbucks stores in the United States, so unionized locations are relatively few, at this point.

Persons: ” Sara Trilling, ” Trilling, Matt Mills McKnight, ”, “ We’re, Michael Rosas, “, Starbucks, Rosas, — CNN’s Jordan Valinsky Organizations: New, New York CNN, Starbucks, Starbucks Workers United, Reuters, National Labor Relations Board, CNN, Pride, Twitter, Starbucks Workers, NLRB Locations: New York, Starbucks North America, Seattle , Washington, United States, Buffalo , New York, Buffalo

☆ Obesity drug Wegovy's popularity has US employers rethinking insurance coverage
▼ + stars: | 2023-06-27 | by ( Patrick Wingrove | ) www.reuters.com time to read: +6 min

[1/2] A selection of injector pens for the Saxenda weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. A new and more expensive version of the drug specifically for weight loss, called Wegovy, had been approved in 2021 by U.S. health regulators. Employers that cover weight-loss drugs have required medical practices to document patients’ need for Wegovy since it was approved. The federal Medicare healthcare program for Americans aged 65 and older cannot cover weight loss treatments by law. Only 16 states – the most populous being California, Pennsylvania and Michigan – cover Wegovy and other obesity drugs under their Medicaid plans for low-income patients.

Persons: Jim Vondruska, Shawnte, Aon, Mercer, Willis Towers Watson, Eli Lilly, Jeff Levin, Levin, Scherz, Michael Manolakis, William Yancy, Manolakis, Patrick Wingrove, Michele Gershberg, Suzanne Goldenberg Organizations: REUTERS, New, Warner Bros, Warner Bros Discovery Inc, Reuters, Marsh & McLennan, Employers, Barclays Research, Novo Nordisk, Duke University, Thomson Locations: Chicago , Illinois, U.S, New York, Marsh, Wegovy, California, Pennsylvania, Michigan

☆ Lithium miner Premier's shares slide on Zimbabwe force majeure
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

HARARE, June 26 (Reuters) - Shares in Premier African Minerals (PREM.L) plunged 40% on Monday after the company declared force majeure at its Zimbabwe lithium mine, citing a defect at its processing plant. Premier said it issued a force majeure notice to Canmax on June 25 because milling problems at its recently completed plant had affected production plans. "The company is unable to deliver product within the stipulated dates as set out in the agreement," Premier said. Triggering a force majeure clause in contracts allows certain terms of an otherwise legally binding agreement to be ignored because of unavoidable circumstances. However, in the context of the current stage of discussions with Canmax in respect of the amended agreement, Premier will now engage with these other interested parties," it said.

Persons: majeure, Canmax, Nelson Banya, David Goodman Organizations: African Minerals, China's, Premier, Canmax, Thomson Locations: HARARE, Zimbabwe, Canmax, China, Europe

☆ Stocks and bonds reflect fears of Powell embracing his inner hawk
▼ + stars: | 2023-06-21 | by ( Lawrence White | ) www.reuters.com time to read: +5 min

Housebuilders (.FTNMX402020) declined 3% at one point as the prospect of more rate increases raised fresh concerns about mortgage costs. The U.S. dollar was firmer ahead of Powell's congressional testimony, with the dollar index up 0.1% at 102.62. Minutes of the central bank's last meeting showed only one of nine board members suggested reconsidering its policy of keeping bond yields low, and even then suggested it was best to wait a while. Rising interest rates and higher bond yields have been a burden for gold, which was pinned at $1,934 an ounce , just above last week's three-month low of $1,924.99. The Brent benchmark edged down 4 cents to $75.86 a barrel while U.S. crude lost 3 cents to $71.16.

Persons: Toby, Powell, Jerome Powell, Tapas Strickland, Jerry del Missier, doggedly, Lawrence White, Wayne Cole, Jacqueline Wong, Lincoln, Alex Richardson, David Goodman Organizations: London Stock Exchange Group, REUTERS, . Federal, NAB, Nasdaq, Copper, BRITAIN Investors ramped, Bank of, U.S, Bank of Japan, Thomson Locations: City, London, Britain, Beijing, Asia, Pacific, Japan, Bank of England

☆ Asia stocks slip as suspense builds for China, Fed news
▼ + stars: | 2023-06-21 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

The uncertainty kept S&P 500 futures and Nasdaq futures flat after a slight dip overnight. EUROSTOXX 50 futures edged up 0.2% and FTSE futures 0.1%. A survey showed morale at big Japanese manufacturers edged up in June to stay in positive territory for a second straight month. The currency has been falling for weeks as the Bank of Japan (BOJ) doggedly defended its super easy policies. Oil prices edged higher after a couple of sessions of losses, still struggling with concerns about Chinese demand absent a sizable stimulus package.

Persons: Powell, Jerome Powell, Tapas Strickland, doggedly, BoE, Brent, Wayne Cole, Jacqueline Wong Organizations: SYDNEY, Federal, NAB, Nasdaq, South, Japan's Nikkei, Bank of Japan, Bank of England, JPMorgan, Thomson Locations: Asia, Beijing, Pacific, Japan, South Korea

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