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☆ Corporate directors group offers 10 recommendations for strengthening boardroom culture
▼ + stars: | 2023-09-29 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

A rise in shareholder activism and regulatory demands has forced company boards to adapt — and fast. That's why the National Association of Corporate Directors spent the last six months examining the role that culture can play in a board's success. Led by Oscar Munoz, former CEO of United Airlines, and Mary Winston, a director at Acuity Brands, Chipotle, Northrop Grumman and TD Bank Group, the NACD Blue Ribbon Commission drafted a collection of recommendations to help boards strengthen their culture and performance. "Boards have long expected management to take ownership of the values, beliefs, behaviors, and norms that make up the culture within an organization," Munoz said in a statement. "Now, it's time for directors to turn inward and embrace that same sense of ownership — but of their own boardroom culture."

Persons: Oscar Munoz, Mary Winston, Northrop Grumman, " Munoz Organizations: National Association of Corporate, United Airlines, TD Bank Group, Ribbon Commission

☆ United Airlines to give conditional job offers to active-duty military pilots
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

The One World trace Center and the New York skyline are seen while United Airlines planes use the tarmac at Newark Liberty International Airport in Newark, New Jersey, U.S., May 12, 2023. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSept 28 (Reuters) - United Airlines (UAL.O) said on Thursday it will give conditional job offers to active-duty U.S. military pilots to join the airline as a first officer once they complete service. United Airlines has more than 16,000 pilots at present, including over 3,000 who have served or currently serve in the United States Armed Forces. Military pilots applying to join the carrier would not need an airline transport pilot certificate at the time of application, but can obtain it before joining. United hired more than 4,000 new pilots in the past 24 months and expects to add over 10,000 this decade, according to the company.

Persons: Eduardo Munoz, Shivansh, Shounak Dasgupta 私 Organizations: United Airlines, Newark Liberty International Airport, REUTERS, United States Armed Forces, Military, United Locations: York, Newark , New Jersey, U.S, Bengaluru

☆ Bankman-Fried may face 'very long sentence' if convicted, judge says
▼ + stars: | 2023-09-28 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsNEW YORK, Sept 28 (Reuters) - Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX, may face a "very long sentence" if convicted at his fraud trial starting next week, the judge overseeing the case said on Thursday. Kaplan said Bankman-Fried was a flight risk. "Your client in the event of conviction could be looking at a very long sentence," Kaplan said in a hearing in Manhattan federal court. Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy stemming from FTX's collapse in November 2022. Prosecutors say Bankman-Fried stole billions of dollars in FTX customer deposits to plug losses at Alameda Research, a crypto-focused hedge fund he controlled.

Persons: Sam Bankman, Eduardo Munoz, District Judge Lewis Kaplan's, Kaplan, Bankman, Fried, Mark Cohen, FTX, Danielle Kudla, Palo, Caroline Ellison's, Ellison, Gary Wang, Nishad Singh, Luc Cohen, Nick Zieminski Organizations: REUTERS, U.S, District, Metropolitan Detention, Prosecutors, Alameda Research, Alameda, New York Times, Thomson Locations: New York, U.S, Manhattan, Bahamas, United States, Brooklyn, Palo Alto , California

☆ Who is Caroline Ellison, a key witness set to testify against Sam Bankman-Fried?
▼ + stars: | 2023-09-28 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +5 min

Now, a year after Alameda collapsed, Ellison is preparing to testify as a key witness at the Oct. 3 criminal fraud trial against its founder, another budding young philanthropist who also owned the now-bankrupt FTX cryptocurrency exchange: Sam Bankman-Fried. She told the FTX podcast she decided to join Bankman-Fried at Alameda despite lacking experience with cryptocurrencies to "maximize my impact." ELLISON MAY TESTIFY ABOUT ENCRYPTED MESSAGESProsecutors may ask Ellison about whether Bankman-Fried directed employees to use encrypted messaging platforms and ensure their messages automatically deleted. She has told prosecutors that Bankman-Fried said it is hard to build a case if information is not written down or preserved, court records show. Days before FTX declared bankruptcy, Ellison told Bankman-Fried her "increasing dread of this day" had been weighing on her for a long time, according to prosecutors.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Ellison, Bankman, Alameda's, Sam, ELLISON, Jane Street, Harry Potter, Fried, Jane, FTX, Kaplan, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: REUTERS, Stanford, Alameda Research, Alameda, Prosecutors, Massachusetts Institute of Technology, New York Times, Thomson Locations: New York, U.S, Alameda, Bahamas, Manhattan, Boston, Fried, FTX

☆ Leaked screenshot shows Amazon is now tracking individual employee office attendance records, reversing its anonymized data policy
▼ + stars: | 2023-09-28 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon is now tracking and sharing individual office attendance records, a reversal of an old policy, as the company doubles down on forcing employees back into the office. Amazon employees in the US are now able to see a "Badge Report" on their own internal HR dashboard, according to a screenshot obtained by Insider. The report shows "days badged per week" data and the exact "days of week" each employee badged-in for each of the past 8 weeks. The report excludes data for non-corporate Amazon buildings, like warehouses, data centers, and 3rd party offices such as WeWork. The memo added badge data is not available to employees in Germany, France, Italy, the Netherlands, Luxembourg, Korea, or Taiwan.

Persons: Peter DeSantis, Rob Munoz, Munoz, Andy Jassy, it's Locations: Germany, France, Italy, Netherlands, Luxembourg, Korea, Taiwan

☆ Mariners stay in race with win over Astros
▼ + stars: | 2023-09-27 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/54] Sep 26, 2023; Seattle, Washington, USA; Seattle Mariners center fielder Julio Rodriguez (44) steps into the dugout prior to the game against the Houston Astros at T-Mobile Park. Mandatory Credit: Steven Bisig-USA TODAY Sports Acquire Licensing RightsSeptember 27 - George Kirby pitched six scoreless innings as the Seattle Mariners bolstered their flagging playoff hopes with a 6-2 victory against the visiting Houston Astros on Tuesday night. The Mariners scored twice in the third and added three runs in the fifth, both times helped by Houston errors. After a walk to J.P. Crawford, Julio Rodriguez hit a sacrifice fly to left to make it 2-0. France hit a solo shot to left-center with two outs in the eighth off Ryne Stanek.

Persons: Julio Rodriguez, Steven Bisig, George Kirby, Ty France, Justin Topa, Kirby, Yainer Diaz, Chas McCormick, Jeremy Pena, Matt Brash, Jon Singleton, Jose Altuve, Alex Bregman, Andres Munoz, Altuve, McCormick, Pena, Houston's Cristian Javier, Mike Ford, Josh Rojas, Crawford, Rojas, Rodriguez, Rafael Montero, Cal Raleigh, Kyle Tucker's, Teoscar Hernandez, Ryne Organizations: Seattle Mariners, Houston Astros, Mobile, Mariners, Houston, Astros, Texas Rangers, AL West, Kirby, nab Ford, Ford, Cal, Raleigh, Thomson Locations: Seattle , Washington, USA, Houston, France

☆ Solomon Islands leader says he skipped Biden summit to avoid 'lecture'
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

Solomon Islands Prime Minister Manasseh Sogavare addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 22, 2023. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSYDNEY, Sept 27 (Reuters) - Solomon Islands Prime Minister Manesseh Sogavare said he skipped a Pacific Islands leaders summit at the White House this week to avoid a "lecture" and because he had more pressing issues at home. "They lecture you about how good they are", he said, according to a video of the press conference published by Solomon Islands media company Tavuli News on Wednesday evening. Sogavare said he returned because there were 10 weeks left of parliament at home in Solomon Islands, which was more important. At the United Nations General Assembly in New York, Sogavare had praised China's development cooperation as "less restrictive".

Persons: Manasseh Sogavare, Eduardo Munoz, Manesseh Sogavare, Joe Biden, Sogavare, James Marape, Biden, Kirsty Needham, Anil D'Silva Organizations: Islands, General Assembly, REUTERS, Rights, Solomon Islands, Pacific, United Nations, Island Forum, Solomon, Biden Administration, Papua New Guinea, United Nations General Assembly, Thomson Locations: New York City, U.S, Solomon, China, Solomon Islands, United States, Washington, Pacific, Papua New, New York

☆ Explainer: What does New York fraud ruling mean for Donald Trump's business empire?
▼ + stars: | 2023-09-27 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

[1/3] New York Police Department officers stand guard in front of Trump Tower before the arrival of former U.S. President Donald Trump in New York City, U.S., April 12, 2023. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSept 27 (Reuters) - The fate of Donald Trump’s business empire hangs in the balance after a New York judge stripped control of key properties from the former U.S. president as punishment for his “repeated and persistent fraud” over their valuations. Here's a look at the ruling and its implications for Trump, the frontrunner for the 2024 Republican presidential nomination. WHAT DOES THE RULING MEAN FOR TRUMP’S BUSINESS? Because of Engoron’s fraud ruling, it would largely be limited to how much Trump and his co-defendants must pay in penalties.

Persons: Donald Trump, Eduardo Munoz, Donald Trump’s, Letitia James, Arthur Engoron, Trump, Engoron, ” Trump, James, Donald Jr, Eric, TRUMP, Jack Queen, Noeleen Walder, Bill Berkrot Organizations: New York Police Department, Trump, REUTERS, Democratic New York, Washington D.C, Thomson Locations: New York City, U.S, York, New York, Manhattan, Scotland, Lago, Palm Beach , Florida, United States, Florida, Washington, Georgia

☆ Documentary takes Argentine cartoon strip icon Mafalda to television
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Joaquin Salvador Lavado, known as "Quino", launched the comic six decades ago, initially as a failed covert advertising campaign for electrical appliances. Mafalda, however, evolved into something else, questioning everything from nuclear power to overpopulation and capitalism to dictatorship, with kindness and a razor wit disguised as childish ingenuity. "Quino built the story with very human characters through the eyes of children, who say terrible barbarities with no filter," series director Lorena Munoz told Reuters. The two-hour docuseries, "Rereading: Mafalda", will reexamine the series through a feminist lens and its historical context, especially its criticism of the 1960s military dictatorship of Juan Carlos Ongania. Work on the series was paused during the pandemic but was nominated ahead of its commercial release for best documentary at this year's Canneseries Festival.

Persons: Joaquin Salvador Lavado, Quino, Lorena Munoz, Juan Carlos Ongania, Susanita, Munoz, Candelaria Grimberg, Sarah Morland, Bill Berkrot Organizations: Reuters, Libertad, Thomson Locations: BUENOS AIRES, Argentine, Felipe, Manolito, Buenos Aires, Japan

☆ Amazon SVP pledges to clarify RTO policy, says warning email about office attendance was meant to be a 'nudge'
▼ + stars: | 2023-09-26 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

He also told employees to share anecdotes of being pressured to immediately relocate with his HR team, so he could "dig into" those situations. "I think we created some noise, which I think is important because we really do want people back in the office," DeSantis said, according to the transcript. 'Take another whack at clarifying this message'At the town hall meeting, DeSantis said the employees who were asked to relocate were those "in purely virtual locations." 'Kind of a nudge'In August, many Amazon employees received an email accusing them of not adhering to the company's RTO policy. The warning email, he said, was "well-intentioned" and only meant to be a "nudge" for people who weren't complying.

Persons: hasn't, Peter DeSantis, DeSantis, Rob Munoz, Munoz, Andy Jassy Michael M, Andy Jassy's, what's Organizations: Amazon, Utility Computing

☆ Sam Bankman-Fried's trial to test dueling explanations for FTX’s collapse
▼ + stars: | 2023-09-26 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +6 min

He plastered FTX's logo on a basketball arena in Miami and on MLB baseball umpires' uniforms. Prosecutors say Bankman-Fried directed Wang to change FTX's computer code to allow Alameda to borrow unlimited sums of money, a privilege other exchange users lacked. Bankman-Fried's defense lawyers have indicated in court papers that they plan to challenge the credibility of all three witnesses. "The question is, when did Bankman-Fried know that there wouldn't be enough money?" Reporting by Luc Cohen in New York; Editing by Amy Stevens and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Fried, Jane Street, FTX, Damian Williams, Forbes, Bankman, It's, Mark Kasten, Buchanan Ingersoll, Rooney, Caroline Ellison, Gary Wang, Nishad Singh, Wang, Singh, Ellison, District Judge Lewis Kaplan, Paul Tuchmann, Wiggin, Dana, Luc Cohen, Amy Stevens, Daniel Wallis Organizations: REUTERS, U.S, Wall, Alameda Research, MLB, Prosecutors, Attorney, Bankman, Alameda, District, New York Times, Thomson Locations: New York, U.S, Manhattan, Miami, Alameda, Bahamas

☆ US consumer confidence ebbs in September
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

A woman carries shopping bags during the holiday season in New York City, U.S., December 21, 2022. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsWASHINGTON, Sept 26 (Reuters) - U.S. consumer confidence fell for a second straight month in September amid worries about higher prices and the political environment, a survey showed on Tuesday. The Conference Board said its consumer confidence index dropped to 103.0 this month from an upwardly revised 108.7 in August. "Consumers also expressed concerns about the political situation and higher interest rates. The decline in consumer confidence was evident across all age groups, and notably among consumers with household incomes of $50,000 or more."

Persons: Eduardo Munoz, Dana Peterson, Consumers, Lucia Mutikani, Chizu Organizations: REUTERS, Rights, Board, Reuters, Conference Board, Thomson Locations: New York City, U.S

☆ Insider Today: The fight for remote jobs
▼ + stars: | 2023-09-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Remote workers are doing anything but work in the afternoons. Elena Noviello/Getty ImagesThere are few topics in corporate America as polarizing as remote work. AdvertisementAdvertisementLengthy, expensive office leases might also discourage companies from embracing remote work. As Aki's story points out, that type of rationale from larger companies has created an opportunity for those willing to support remote work. A company's commitment to remote work might not be forever, even if employees view it that way.

Persons: —, Taylor Swift, Travis Kelce, we've, I'm, Chelsea Jia Feng, Insider's Aki Ito, Aki, What's, Elena Noviello, Goldman Sachs, Leonardo Munoz, Rebecca Szkutak, Dominic, Madori Davis, Snyder, Mark Reinertson, Anthropic, Lindsey Nicholson, Jacob Boomsma, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, NFL, nab, TechCrunch, Thistle Technologies, Getty, Employees, Costco, Google, Netflix, Cintas Corp Locations: America, Amazon's, Sioux Falls , South Dakota, Jefferson City , Missouri, New York City, San Diego, London, New York

☆ The WGA strike might be ending, but Hollywood’s bigger problems aren’t
▼ + stars: | 2023-09-25 | by ( Brian Lowry | ) edition.cnn.com time to read: +7 min

Demonstrators carry signs during the WGA strike in New York City in May. Leonardo Munoz/AFP via Getty ImagesWhatever the outcome of this battle, though, there are signs Hollywood overall is losing the war. Now with streaming gains slowing, the revenues from those new subscribers aren’t fully offsetting what’s being lost. That’s bad for the creative class.”So, were there “winners” and “losers” in the writers’ strike? To the extent the strike left their fall TV lineups looking relatively bare, this was a loss for them and gift to the streaming services.

Persons: –, Frederic J . Brown, Leonardo Munoz, they’re, “ Barbie ”, “ Oppenheimer, Indiana Jones, ”, CHRIS DELMAS, ’, Bloomberg’s Lucas Shaw, Strong ”, Oscar, Drew Barrymore, Bill Maher, Barrymore Organizations: CNN, Guild of America, WGA, Netflix, ”, Getty, Hollywood, Disney, Charter Communications, ESPN, SAG, Warner Bros, of America Locations: AFP, New York City

☆ Paraguay president to halt Mercosur-EU talks if no deal by December
▼ + stars: | 2023-09-25 | by ( Daniela Desantis | ) www.reuters.com time to read: +2 min

Paraguay's president Santiago Pena addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. Pena has criticized the progress of talks between the two trade blocs since before he took office in August. The deal between Mercosur - the trade bloc composed of Argentina, Brazil, Paraguay and Uruguay - and the EU hit snags in 2019 after a so-called side letter from the EU requiring environmental safeguards. Lula, as well as EU Ambassador to Paraguay Javier Garcia de Viedma, have said they believe an EU-Mercosur deal was feasible by the end of 2023. "I think we are very close," Garcia de Viedma told reporters on Monday.

Persons: Santiago Pena, Eduardo Munoz, Pena, Luiz Inacio Lula da Silva, Lula, Paraguay Javier Garcia de Viedma, Garcia de Viedma, Daniela Desantis, Sarah Morland, Mark Potter Organizations: General Assembly, REUTERS, Rights, European Union, Reuters, EU, Mercosur, United Nations General Assembly, United, United Arab Emirates, Thomson Locations: New York City, U.S, Rights ASUNCION, Paraguayan, Mercosur, Brazil, Paraguay, Argentina, Uruguay, New York, Singapore, United Arab, EU

China, the world's biggest fossil fuel consumer, is among those signalling that it intends to keep using them for decades. By inserting "unabated" before fossil fuels, the pledge targeted only fuels burned without emissions-capturing technology. "We cannot use it to green-light fossil fuel expansion," the countries said in a joint statement. We can't say we want to avoid 1.5 C ... and not say anything about phasing out fossil fuels," Cox said. The Alliance of Small Island States, whose members face climate-fuelled storms and land loss to rising seas, wants a fossil fuel phase-out and an end to the $7 trillion governments spend annually on subsidising fossil fuels.

Persons: Eduardo Munoz, General Antonio Guterres, Sultan Al Jaber, John Kerry, Teresa Ribera, Eamon Ryan, Ryan, Peter Cox, Cox, Fatih Birol, Valerie Volcovici, Kate Abnett, Katy Daigle, Emelia Organizations: U.S, REUTERS, United Nations General Assembly, United Arab Emirates, United, European Union, Reuters, Ireland's, American Petroleum Institute, University of Exeter, International Energy Agency, Rockefeller Foundation, Organization of, Petroleum, Small, States, United Nations, D.C, Thomson Locations: New York, New York City , New York, U.S, Dubai, China, United States, Saudi Arabia, Russia, France, Kenya, Chile, Colombia, Tuvalu, Vanuatu, Japan, Union, Washington, Brussels

☆ US 'disappointed' Solomon Islands leader Sogavare to miss White House summit
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +2 min

Solomon Islands Prime Minister Manasseh Sogavare addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 22, 2023. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSYDNEY/WASHINGTON, Sept 24 (Reuters) - The U.S. is disappointed Solomon Islands Prime Minister Manasseh Sogavare will not attend a Pacific Islands summit with U.S. President Joe Biden next week, the White House said on Saturday. "We are disappointed that PM Sogavare of the Solomons does not plan to attend," a Biden Administration official said. The Australian broadcaster ABC reported Solomon Islands Foreign Minister Jeremiah Manele will attend the summit instead. The Solomon Islands Prime Ministers Office did not respond to a Reuters request for comment.

Persons: Manasseh Sogavare, Eduardo Munoz, Solomon, Joe Biden, Biden, Jeremiah Manele, Sogavare, Xi Jinping, Sato Kilman, Trevor Hunnicutt, Kirsty Needham, Josie Kao Organizations: Islands, General Assembly, REUTERS, Rights SYDNEY, Solomon Islands, Pacific, White, Biden Administration, ABC, Solomon, Solomon Islands Prime Ministers, United Nations General Assembly, Initiative, Global Security Initiative, Vanuatu, Thomson Locations: New York City, U.S, WASHINGTON, China, Washington, Australian, Solomon Islands, New York, Beijing, Solomon, Sydney

Russia's Foreign Minister Sergei Lavrov addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 23, 2023. 'NOT REALISTIC'In a letter to Lavrov last month, U.N. Secretary-General Antonio Guterres outlined four measures the U.N. could immediately move on if there was an understanding that Russia would agree to a resumption of the Black Sea grain deal. They cannot be implemented," Lavrov told a news conference at the United Nations after his General Assembly address. Ukraine and Russia are both major grain exporters and Moscow is also a big supplier of fertilizer to the world. Reporting by Michelle Nichols and Gabriela Baczynska; Editing by Alistair Bell and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergei Lavrov, Eduardo Munoz, Lavrov, Volodymyr Zelenskiy, U.N, Antonio Guterres, They're, Moscow, Guterres, Zelenskiy, Vladimir Putin, Kim Jong Un, Michelle Nichols, Gabriela Baczynska, Alistair Bell, Josie Kao Organizations: Russia's, General Assembly, REUTERS, UNITED NATIONS, Saturday, United Nations, Kyiv, General, Security, North, Thomson Locations: New York City, U.S, United States, Europe, Moscow, Russia, Ukraine, Turkey, New York, Pyongyang, Russian

Russia's Foreign Minister Sergei Lavrov addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 23, 2023. Lavrov added that Moscow left the Black Sea grain initiative because promises made to Russia - including on removing sanctions on a Russian bank and reconnecting it to the global SWIFT system - had not been met. Asked if Russia would send more peace-keepers to Nagorno-Karabakh, a separatist Armenian enclave inside Azerbaijan, Lavrov said that would be decided on the ground. Lavrov accused the West of a neo-colonial mindset in its overtures to the Global South to win backing for Ukraine in the war. Instead, Lavrov spoke of a "global majority" that was being duped by the West, which he described as an "empire of lies".

Persons: Sergei Lavrov, Eduardo Munoz, Lavrov, Antonio Guterres, They're, Volodymyr Zelenskiy, Vladimir Putin, Kim Jong Un, Gabriela Baczynska, Alistair Bell, Josie Kao Organizations: Russia's, General Assembly, REUTERS, UNITED NATIONS, Saturday, West, Kyiv, . Security, Moscow, North, Ukraine, Thomson Locations: New York City, U.S, Moscow, U.N, New York, Ukraine, Russia, Russian, Turkey, Nagorno, Karabakh, Armenian, Azerbaijan, Pyongyang

☆ Australia fines lender NAB $1.4 mln for wrongfully charging fees
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz/File Photo Acquire Licensing RightsCompanies National Australia Bank Ltd FollowSept 22 (Reuters) - The Australian Federal Court has fined the country's second-biggest lender National Australia Bank (NAB) <NAB.AX> a penalty of A$2.1 million ($1.4 million) for wrongfully charging customers periodic payment fees, the securities regulator said on Friday. Between January 2017 and July 2018, National Australia Bank continued to charge its customers periodic payment fees for transferring money despite knowing it had no contractual entitlement to do so, the Australian Securities & Investments Commission (ASIC) said. The bank wrongfully charged 2,888 personal banking customers and 513 business clients payment fees totalling A$139,845 on 74,593 occasions, the regulator added. Shares of NAB were trading 0.7% lower as of 0221 GMT after declining as much as 1.3% earlier in the day.

Persons: Daniel Munoz, Sarah Court, Sameer Manekar, Ayushman, Janane Venkatraman, Dhanya Ann Thoppil Organizations: National, REUTERS, National Australia Bank, Australian Federal Court, Australia Bank, Australian Securities & Investments Commission, NAB, Reuters, Royal Commission, Thomson Locations: Sydney, Australia, Bengaluru

War between the army and the RSF broke out in mid-April over plans for a political transition and the integration of the RSF into the army, four years after long-time ruler Omar al-Bashir was overthrown in a popular uprising. Burhan has made a series of foreign visits in recent weeks after remaining in Sudan for the first months of the war. The purpose was to seek solutions, not military support, though he had asked other states to block external backing that he asserts the RSF is receiving, he said. The RSF has denied it is behind the violence in Darfur, and will hold its men accountable for abuses. Burhan said he told the governor to seek protection at a military camp, but the governor had rejected that.

Persons: Abdel, Fattah Al, Burhan Abdelrahman Al, Burhan, Eduardo Munoz, Abdel Fattah al, Omar al, Bashir, RSF, Mohamed Hamdan Dagalo, Daphne Psaledakis, Khalid Abdelaziz, Aidan Lewis, Grant McCool Organizations: Transitional Sovereign, General Assembly, REUTERS, NEW YORK, Reuters, Rapid Support Forces, United Nations General Assembly, Thomson Locations: New York City, U.S, West Darfur, CAIRO, New York, Saudi Arabia, United States, Jeddah, Sudan, Darfur, El Geneina, Cairoa

☆ Australia fines lender NAB $1.4 million for wrongfully charging fees
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz/File Photo Acquire Licensing RightsCompanies National Australia Bank Ltd FollowSept 22 (Reuters) - The Australian Federal Court has fined the country's second-biggest lender National Australia Bank (NAB) <NAB.AX> a penalty of A$2.1 million ($1.4 million) for wrongfully charging customers periodic payment fees, the securities regulator said on Friday. Between January 2017 and July 2018, National Australia Bank continued to charge its customers periodic payment fees for transferring money despite knowing it had no contractual entitlement to do so, the Australian Securities & Investments Commission (ASIC) said. The bank wrongfully charged 2,888 personal banking customers and 513 business clients payment fees totalling A$139,845 on 74,593 occasions, the regulator added. NAB in an email to Reuters acknowledged "some customers were incorrectly charged for periodical payment fees several years ago," adding that it had completed a remediation program and repaid more than A$8.3 million to affected customers.

Circuit Court of Appeals in Manhattan. In her writings, she described feeling "unhappy and overwhelmed" with her job and "hurt/rejected" from a breakup with Bankman-Fried. A lawyer for Bankman-Fried told the appeals court on Sept. 19 that Kaplan failed to credit the defendant for exercising his First Amendment constitutional right to speak with the press and try to restore his reputation. The appeals court appeared skeptical. Bankman-Fried faces seven charges of fraud and conspiracy stemming from the collapse of FTX, the now-bankrupt crypto exchange he founded.

Persons: Sam Bankman, Eduardo Munoz, District Judge Lewis Kaplan, Caroline Ellison, Ellison, Fried, Kaplan, Danielle Sassoon, William Nardini, Luc Cohen Organizations: REUTERS, U.S, Circuit, District, Alameda Research, New York Times, Bankman, Metropolitan Detention, Prosecutors, Alameda, Thomson Locations: New York, U.S, Manhattan . U.S, Alameda, Palo Alto , California, FTX

☆ Congo president asks UN peacekeepers to start packing up this year
▼ + stars: | 2023-09-21 | by ( Ange Adihe Kasongo | ) www.reuters.com time to read: +1 min

Democratic Republic of Congo President Felix Antoine Tshisekedi Tshilombo addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 20, 2023. But its presence has become increasingly unpopular in recent years for what critics say is a failure to protect civilians against militia groups, sparking deadly protests. "It is to be deplored that peacekeeping missions deployed for 25 years... have failed to cope with the rebellions and armed conflicts," Tshisekedi told the assembly in a speech. More than 40 people were killed and dozens wounded in an army crackdown on violent anti-U.N. demonstrations in the eastern city of Goma last month. Another protest in July 2022 resulted in more than 15 deaths, including three peacekeepers in Goma and the city of Butembo.

Persons: Felix Antoine Tshisekedi Tshilombo, Eduardo Munoz, Felix Tshisekedi, Tshisekedi, Ange Kasongo, Edward McAllister, Gerry Doyle Organizations: Democratic, General Assembly, REUTERS, Rights, United Nations, General, Central, of, Thomson Locations: Democratic Republic of Congo, New York City, U.S, Rights KINSHASA, Republic, Goma, Butembo

WASHINGTON (AP) — President Joe Biden will travel to Arizona next week to deliver a democracy-focused address that will also pay tribute to the late John McCain, the 2008 Republican presidential candidate who represented the state in the U.S. Senate for more than three decades. Biden's speech, which is scheduled for Sept. 28 and expected in the Phoenix area, will focus on “the work we must do together to strengthen our democracy,” the White House said Thursday. The remarks will also honor the legacy of McCain, whose memorial in Hanoi Biden visited earlier this month during his trip to India and Vietnam. Though his speech in Arizona is billed as an official White House event, the issue of preserving democracy is expected to be a key theme in his reelection campaign. He will headline three fundraisers in California and one in Arizona during his trip, according to the White House.

Persons: Joe Biden, John McCain, McCain, “, Biden, Donald Trump, ” Biden, Kevin Munoz Organizations: WASHINGTON, Republican, U.S . Senate, Hanoi Biden, Independence Hall, Union, MAGA Republicans, Advisors, Science, Technology Locations: Arizona, U.S, Phoenix, Hanoi, India, Vietnam, Philadelphia, Washington, San Francisco, president's, California

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