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By Lewis Jackson and Renju Jose SYDNEY (Reuters) – Chevron has asked Australia’s Fair Work Commission (FWC) to intervene in its dispute with workers on strike at two major liquefied natural gas facilities, banking on new laws that came into effect in June and which empower the industrial arbitrator to force parties into an agreement …

Explainer-What can Australia’s labour tribunal do in Chevron’s dispute with LNG workers? Read More »

By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -Goldman Sachs CEO David Solomon said the U.S. economy is likely to avoid a significant recession, but warned that inflation will likely be more persistent than market participants currently expect. “The chance of having a relatively soft landing and navigating through this has gone up very …

Goldman Sachs CEO says US economic outlook uncertain despite soft landing prospects Read More »

(Reuters) – DoubleLine Capital CEO Jeff Gundlach expects the U.S. Federal Reserve to cut benchmark rates in the first half of 2024 after an aggressive rate hike cycle over the past year and a half to curb sticky inflation. “The Fed wants the economy to slow quickly and rates to go down,” Gundlach told CNBC …

DoubleLine’s Gundlach expects Fed rate cuts in first half of 2024 Read More »

By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried on Tuesday lost a bid to be released from jail so he can better prepare for his Oct. 3 trial on fraud charges stemming from the collapse of his FTX cryptocurrency exchange, a court filing showed. Bankman-Fried has said the conditions of his confinement at Brooklyn’s Metropolitan …

Sam Bankman-Fried loses bid for pretrial jail release Read More »

By Diane Bartz WASHINGTON (Reuters) – Adobe, IBM, Nvidia and five other firms have signed President Joe Biden’s voluntary commitments governing artificial intelligence, which requires steps such as watermarking AI-generated content, the White House said. The original commitments, which were announced in July, were aimed at ensuring that AI’s considerable power was not used for …

Adobe, others join White House’s voluntary commitments on AI Read More »

(Reuters) – A federal committee on Tuesday recommended imposing royalties on U.S. hardrock mining for the first time, a move it said could increase domestic production by providing funds for the agencies in charge of issuing new mining permits. The proposal was part of a suite of recommendations aimed at increasing supply of the materials …

US committee recommends royalties on minerals for EVs in sweeping reform proposal Read More »

By Katherine Masters NEW YORK (Reuters) -Nike investors voted against two shareholder-led proposals during the sportswear giant’s annual meeting on Tuesday, according to a preliminary tally by the company. One of the resolutions, filed by Massachusetts-based investment adviser Arjuna Capital, called on Nike to provide more data on pay equity for female and minority employees. …

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(Reuters) – United Parcel Service CEO Carol Tome said that its new five-year contract with Teamsters-represented workers in the United States will cost less than the $30 billion outlined by the union, in an interview to CNBC on Monday. (Reporting by Baranjot Kaur in Bengaluru; Editing by Varun H K)

By Lewis Jackson SYDNEY (Reuters) -The dispute between Chevron and workers at its two liquefied natural facilities (LNG) in Australia will be heard by the industrial relations tribunal on Sept. 22, potentially offering a resolution to strikes which began last Friday. Chevron is betting on a ruling from the Fair Work Commission to cancel the …

Australia tribunal sets Sept 22 as date for Chevron LNG dispute hearing Read More »