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Lufthansa cabin crew union calls for Sunday strike in Frankfurt, Munich

German flight attendants’ union UFO is calling for a five-hour strike on Sunday at German flag carrier Lufthansa, UFO said on Monday, in an escalating row over workers’ pay. Flight attendants and pursers at Lufthansa’s largest hubs, Frankfurt and Munich, have been called upon to take part in the walkout, which is scheduled from 0600 to 1100 CEST (0400-0900 GMT), UFO deputy chief Daniel Flohr said in a video message https://www.youtube.com/watch?v=XrSfguFYw9c&feature=youtu.be released on YouTube. …read more […]

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UPDATE 1-Sempra Energy exits S.America with $2.23 bln sale of Chilean businesses

U.S. power company Sempra Energy said on Monday it would sell is Chilean businesses to China’s State Grid International Development Ltd for $2.23 billion in cash as part of its plan to exit South America and shore up capital. Sempra, much like other utilities companies, has been seeking to bolster its finances and increase its appeal to investors after wildfires in California exposed it to more legal liabilities. The company was under pressure from hedge fund Elliott Management Corp and investment firm Bluescape Group to scale back its global operations. …read more […]

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Russia's Yandex releases rival to China's TikTok app

Russian internet firm Yandex on Monday released a short video app for fashion and style that it hopes will compete with China’s TikTok app. The Yandex app is called Sloy, the Russian word for layer, the company said in a statement. It is currently only available in App Store in Russia, Belarus and Kazakhstan. …read more […]

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Market Morning: Economists Say Spend More, Viagra For Leukemia, Aerospace Mergers

Economists Say Spend $2 Trillion to Combat Next Recession In another sign that economics as the study of scarcity and choice has completely lost its way, economists, whose title suggests that they study scarcity and choice and the art of economizing resources, are in general agreement, according to Reuters, that in order to save the […]The post Market Morning: Economists Say Spend More, Viagra For Leukemia, Aerospace Mergers appeared first on Market Exclusive. …read more […]

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UPDATE 1-Blizzard Entertainment cuts punishment for gamer in HK protests row

SHANGHAI/BEIJING, Oct 14 (Reuters) – U.S. games publisher Blizzard Entertainment has reduced the punishment dealt out to a Hong Kong-based Hearthstone esports gamer for his public support of pro-democracy protests after its decision sparked controversy among players and the public. Blizzard Entertainment, a subsidiary of Activision Blizzard which is partly backed by Chinese gaming giant Tencent Holdings, said last week that it would suspend the player Chung “blitzchung” Ng Wai from competition for a year and strip him of prize money after he called for the liberation of Hong Kong in a post-game interview. …read more […]

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Nobel Economics Prize Goes to Trio Focused on Fighting Poverty

(Bloomberg) — Abhijit Banerjee and Esther Duflo of the Massachusetts Institute of Technology and Michael Kremer of Harvard University were awarded the 2019 Nobel Prize in Economics “for their experimental approach to alleviating global poverty.”“The research conducted by this year’s Laureates has considerably improved our ability to fight global poverty. In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research,” according to a statement on Monday.Banerjee, born 1961 in India, got his PhD in 1988 from Harvard University. Duflo, who was born in 1972 in Paris, obtained her Ph.D in …read more […]

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Brazil's truckmakers are optimistic again even as country struggles to grow

Brazil’s largest truckmakers are expressing optimism again about the growth prospects for Latin America’s largest economy, even as the country continues to struggle to rebound from a deep recession that began in 2015. “We are breathing optimism,” said Martin Lundstedt, Volvo Group’s President and CEO, who traveled to Sao Paulo to take part in the biennial Fenatran expo, the largest truck and machinery trade show in the country. “Latin America … is coming back. …read more […]