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Tag Archives: contracts
CEO Pleads Guilty to Transnational Scheme Involving Foreign Exchange and Cryptocurrency Futures Contracts – Department of Justice
- CEO Pleads Guilty to Transnational Scheme Involving Foreign Exchange and Cryptocurrency Futures Contracts Department of Justice
- Ex-CEO Pleads Guilty to Defrauding Investors With ‘Cherry-Picking’ Scheme Involving Crypto Futures Contracts The Daily Hodl
- Crypto trader pleads guilty to ‘cherry picking’ futures scheme Cointelegraph
- CEO admits to manipulating crypto futures in cherry-picking scandal crypto.news
- Crypto trader found guilty of ‘cherry picking’ futures scheme The Financial Express
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Shares of YG tumble over 13% after report three Blackpink members will not renew contracts – CNBC
- Shares of YG tumble over 13% after report three Blackpink members will not renew contracts CNBC
- [BREAKING] BLACKPINK’s Rosé is reportedly the only one to renew with YG + the other members ‘turned down astronomical renewal offer amounts’ allkpop
- Media Outlet Reports BLACKPINK’s Lisa Is Likely To Sign With An American Agency Koreaboo
- YG Entertainment Briefly Responds To Reports Regarding BLACKPINK Members’ Contract Renewal soompi
- YG Entertainment says BLACKPINK’s contracts are still under negotiation allkpop
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‘Doesn’t matter, you’re a RB’: Colts Jonathan Taylor responds to RBs not getting contracts – IndyStar
- ‘Doesn’t matter, you’re a RB’: Colts Jonathan Taylor responds to RBs not getting contracts IndyStar
- Colts’ Jonathan Taylor, Titans’ Derrick Henry among RBs reacting to lack of deals at franchise tag deadline NFL.com
- Jonathan Taylor’s one-word response to failed Saquon Barkley, Josh Jacobs contract talks New York Post
- Colts RB Jonathan Taylor reacts to top running backs not getting new deals Horseshoe Heroes
- Colts’ Jonathan Taylor expresses surprise that NFL’s top free agent RBs cannot reach multi-year deals Stampede Blue
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Samuel L. Jackson Talks AI, Use of Likeness “In Perpetuity” in Contracts: “I Cross That S*** Out” – Hollywood Reporter
- Samuel L. Jackson Talks AI, Use of Likeness “In Perpetuity” in Contracts: “I Cross That S*** Out” Hollywood Reporter
- Samuel L. Jackson Defends Brie Larson Against ‘Incel Dudes’ Who Harass Her Jezebel
- Latest Marvel News: Brie Larson finally gets defended by an MCU co-star as Disney Plus dances around a ‘Secret Invasion’ bombshell We Got This Covered
- Samuel L. Jackson Crosses Two Things Out Of His Contracts & Thinks You Should Too Looper
- Samuel L. Jackson Stands Up For Marvel Co-Star Brie Larson Against Online Hate IGN
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Airbus Revives Order From Qatar Airways Following Paint-Dispute Settlement
LONDON—
Airbus
EADSY 2.36%
SE agreed to revive orders for close to 75 aircraft from Qatar Airways after reaching a settlement with the Middle East airline over a long-running dispute about chipping paint on its A350 wide-body models.
A spokesman for Airbus said it would now go ahead with delivering 50 A321 narrow-bodies and 23 remaining A350 twin-aisles previously ordered by Qatar.
The orders had been scrapped as part of an escalating, multibillion-dollar legal battle over the paint issue, which the airline had claimed could pose a safety concern. Airbus repeatedly denied the claims.
Airbus and Qatar Airways earlier Wednesday said in a joint statement that they had reached an “amicable and mutually agreeable settlement” in relation to the legal dispute. The companies didn’t disclose the details of the settlement other than to say the agreement didn’t amount to an admission of liability from either party. A program to repair the degradation on Qatar’s current fleet is under way, the companies added.
Qatar Airways had previously grounded 29 of its A350 jets and refused new deliveries over the issue, reducing its capacity amid a surge in travel to Doha for the 2022 FIFA World Cup. The airline has said the peeling paint was exposing the meshed copper foil that is designed to protect the aircraft from lightning strikes.
That led Qatar Airways to initiate legal proceedings against Airbus in London, in which the carrier had sought damages partly based on the impact on its operations from not being able to use the aircraft. A possible trial had been scheduled for later this year.
While the paint issue has also affected other A350s in service at other Airbus customers, only Qatar Airways had taken the step to unilaterally ground the aircraft. Airbus and the European Union Aviation Safety Agency, which oversees the Toulouse, France-based plane maker, have insisted that the issue is only cosmetic.
The situation had led to a broad fallout between Airbus and one of its biggest customers. In August, Airbus ended all new business with Qatar Airways, canceling contracts valued at more than $13 billion according to the latest available list prices and before the hefty discounts plane makers typically give to customers.
After Airbus canceled a deal to sell Qatar Airways 50 of its A321 jets, the Gulf carrier ordered up to 50 of rival
Boeing Co.
’s 737 MAX 10 single-aisle jets within two weeks. Qatar Airways had previously canceled most of an existing MAX order in 2020 after receiving five of the planes.
Airbus lawyers alleged that Qatar Airways had exaggerated concerns about the issue in an attempt to claim compensation and refuse delivery of aircraft that it didn’t need as the pandemic hit demand for air travel. The plane maker complained in court that the airline and its regulator, the Qatar Civil Aviation Authority, had failed to provide documentation that showed the technical justifications behind grounding the aircraft.
Qatar Airways has said it provided images of the damage, which it purported showed the scale of the issue and the potential safety risk.
Qatar Airways Chief Executive
Akbar Al Baker
has long had a reputation as a tough customer, publicly lashing out at both Airbus and Boeing when he perceives delivery or quality issues.
Write to Benjamin Katz at ben.katz@wsj.com
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Brandon Beane: Bengals have advantage of Joe Burrow and Ja’Marr Chase on rookie contracts
Bills General Manager Brandon Beane says one of the reasons it’s tough to keep pace with the Bengals is that Cincinnati has its best players on inexpensive rookie contracts, while Buffalo does not.
“They right now are on the advantage of a rookie quarterback contract,” Beane said of Joe Burrow. “They had some lean years, and without getting too much into their build, I don’t want to suck bad enough to have to get Ja’Marr Chase. He’s a heck of a talent, I’d love to have him, but you got to go through some lean years to do that. They were able to get Burrow No. 1 and Chase [No. 5] and those guys are on their rookie deals. We’re paying Stefon Diggs a pretty hefty number. We’re paying Josh Allen a pretty hefty number. So there is the constraints of the cap. They have a really good team and they’ve got some good young players. We’re gonna try to get as many players as we can through the draft and through free agency, but again, our cap situation is a little different.”
Beane said the NFL has not told teams what the 2023 salary cap will be, but Beane expects the Bills to be over it heading into the offseason. That means the Bills’ first priority will be making moves to get under the cap, rather than signing expensive free agents.
“We’re going to have to get under the cap by moves, roster cuts. . . . There’s not gonna be a Von Miller signing or something like that. We’re going to have to work to get under the cap so we can operate this year,” Beane said.
Beane said there are moves that the Bills can make to reduce salary cap hits this year, but those moves end up pushing salary cap hits into future seasons, so Beane doesn’t want to make too many such moves.
“I don’t want to in two years be $100 million over the cap, like we’ve seen teams have to do. I’m not looking to do that,” Beane said.
Burrow will likely sign a lucrative contract extension this year, and Chase likely next year, so the Bengals won’t have that advantage for long. But for now, it’s an advantage that makes Beane jealous of the Bengals’ situation.
Giants must plan for core players entering final years on contracts
If you think having Saquon Barkley and Daniel Jones reach free agency at the same time creates headaches for the Giants, avert your eyes from 2024.
Next season marks the final year on the contracts of safety Xavier McKinney, left tackle Andrew Thomas and defensive tackles Leonard Williams and Dexter Lawrence. In other words, general manager Joe Schoen faces a balancing act this offseason negotiating with immediate unrestricted free agents and also engaging in early extension talks with the other young core pieces of a playoff team.
“The UFAs will probably be the priority early on, but we’ll also factor those in,” Schoen said. “We’re not just planning for the 2023 offseason. We’re looking down the line at ’24 and ’25. What’s on the horizon? How will this affect us moving forward? We’re going through a bunch of different scenarios.”
McKinney, 23, missed eight games this season after he broke his hand and severely weakened three fingers during an all-terrain vehicle accident in Mexico during the bye week. The Giants did not withhold his pay for a violation of contract, but did that change the view of the defensive co-captain as a franchise cornerstone?
“Not for us,” Schoen said. “He’s a young man who made a mistake. Initially, it wasn’t about football. It was more about his well-being as a young man. We all make mistakes, and we have to learn from them. He fought to get back. I’m just glad he was able to play again. He’s a great kid that we look forward to working with.”
Lawrence, 25, had a breakout season with a career-high 7.5 sacks and remained a dominant run-stuffer. He made his first Pro Bowl and was a Second-Team All-Pro, after it is believed the Giants turned down a trade offer for him at the deadline.
Lawrence is signed on a fifth-year option for $12.4 million next season, but the top of the defensive-tackle market is predicted by the experts to explode to $20 million to $25 million per year. Jets star Quinnen Williams threatened to skip all voluntary offseason activities if he has to play on his option instead of a lucrative extension.
“Dexter has done enough [to enter talks],” Schoen said. “Dexter played really well. Great person, great teammate, happy he’s here. We have certain cap space and certain tools at our disposal, and we’ll figure out how we want to use them.”
The Giants can be more patient with Thomas, 24, by exercising his fifth-year option (a no-brainer before the May deadline) to secure him for 2024 at about $14.5 million, which is about $3 million less than it would have been without a 2022 Pro Bowl snub. Thomas was a second-team All-Pro.
Williams, 28, is in a different boat than the others, having already earned his big second contract (three years, $63 million). The final year of that extension is 2023, when he is due to count $32.2 million (the third-largest charge among all NFL non-quarterbacks) against the cap.
Williams suggested Sunday that he might be open to a pay cut from his $18 million salary but quickly walked it back, perhaps confused with the alternative of a restructure to lower his cap hit but add more years to the deal. The Giants could cut Williams for $12 million in savings against $20.2 million dead cap.
“We haven’t discussed that yet,” Schoen said. “I like his quote that he’d be interested in taking a pay cut — [media] did a good job, whoever asked him that. He didn’t mention that in his exit interview. … If we need to open up money, I wouldn’t rule that out.”
California Woman Contracts HPV-Related Nail Cancer Following Visit to Salon
A California woman is speaking out after she developed a rare form of nail cancer caused by human papillomavirus (HPV), following a manicure at a salon.
In November 2021, Grace Garcia, 50, visited a new salon when her usual place was booked.
During her manicure, the nail technician nicked the cuticle of her right ring finger.
“She cut me, and the cut wasn’t just a regular cuticle cut,” Garcia told Today.com. “She cut me deep, and that was one of the first times that happened to me. I’ve been doing (my nails) for years and years and years. I was upset.”
The mother of three told the outlet that she couldn’t recall if the technician used new tools during the service, but that the wound didn’t heal after three days.
Grace Garcia
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In the months following, Garcia made numerous visits to doctors — one of which resulted in a prescription for an antibiotic that didn’t help — before her gynecologist referred the San Gabriel, Calif.-based woman to a dermatologist in April 2022.
Her search for answers finally ended after seeing Dr. Teo Soleymani, a dermatologist at UCLA Health, who ultimately made the skin cancer diagnosis.
“She had squamous cell carcinoma,” Soleymani told Fox 11 Los Angeles. “Hers was caused by high-risk HPV.”
Grace Garcia
Despite months of frustration, Garcia’s advocacy on her own behalf resulted in her receiving a stage 1 diagnosis, which allowed for early intervention. Soleymani performed Mohs surgery — the same type of surgery First Lady Jill Biden recently underwent — and found clear margins around her finger, so no further treatment was necessary.
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Soleymani says her situation is not uncommon.
“Interestingly, almost every single skin cancer I’ve dealt with that involved fingers or nails … have been associated with high-risk HPV,” Soleymani said. “That is alarming — and it’s in younger patients.”
But, he says, the HPV vaccine prevents developing this exact type of cancer.
Courtesy UCLA Health
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About 1.8 million cases of squamous cell carcinomas are diagnosed each year, and the incidence of the disease has increased over 200% in the past 30 years, according to skincancer.org.
Now Garcia is urging others to take charge of their own health.
“I fought all the way from day one because I knew something was wrong,” she said.
China manufacturing contracts sharply as Covid infections soar
A textile factory on December 30, 2022 in Jiangxi Province. Chinese manufacturing activity contracted at its sharpest pace in nearly 3 years in December.
Vcg | Visual China Group | Getty Images
China’s factory activity shrank for the third straight month in December and at the sharpest pace in nearly three years as Covid infections swept through production lines across the country after Beijing’s abrupt reversal of anti-virus measures.
The official purchasing managers’ index (PMI) fell to 47.0 from 48.0 in November, the National Bureau of Statistics (NBS) said on Saturday. Economists in a Reuters poll had expected the PMI to come in at 48.0. The 50-point mark separates contraction from growth on a monthly basis.
The drop was the biggest since the early days of the pandemic in February 2020.
The data offered the first official snapshot of the manufacturing sector after China removed the world’s strictest Covid restrictions in early December. Cumulative infections likely reached 18.6 million in December, UK-based health data firm Airfinity estimated.
Analysts said surging infections could cause temporary labour shortages and increased supply chain disruptions. Reuters reported on Wednesday that Tesla plans to run a reduced production schedule at its Shanghai plant in January, extending the reduced output it began this month into next year.
Weakening external demand on the back of growing global recession fears amid rising interest rates, inflation and the war in Ukraine may further slow China’s exports, hurting its massive manufacturing sector and hampering an economic recovery.
While (the factory PMI) was lower than expected, it is actually hard for analysts to provide a reasonable forecast given the virus uncertainties over the past month.”
Zhou Hao
chief economist, Guotai Junan International
“Most factories I know are way below where they could be this time of year for orders next year. A lot of factories I’ve talked to are at 50%, some are below 20%,” said Cameron Johnson, a partner at Tidalwave Solutions, a supply chain consulting firm.
“So even though China is opening up, manufacturing is still going to slow down because the rest of the world’s economy is slowing down. Factories will have workers, but they will have no orders.”
NBS said 56.3% of surveyed manufacturers reported that they were greatly affected by the epidemic in December, up 15.5 percentage points from the previous month, although most also said they expected the situation will gradually improve.
Recovery hopes?
“While (the factory PMI) was lower than expected, it is actually hard for analysts to provide a reasonable forecast given the virus uncertainties over the past month,” said Zhou Hao, chief economist at brokerage house Guotai Junan International.
“In general, we believe that the worst for the Chinese economy is behind us, and a strong economic recovery is ahead.”
The country’s banking and insurance regulator pledged this week to step up financial support to small and private businesses in the catering and tourism sectors that were hit hard by the Covid-19 epidemic, stressing a consumption recovery will be a priority.
The non-manufacturing PMI, which looks at services sector activity, fell to 41.6 from 46.7 in November, the NBS data showed, also marking the lowest reading since February 2020.
The official composite PMI, which combines manufacturing and services, declined to 42.6 from 47.1.
“The weeks before Chinese New Year are going to remain challenging for the service sector as people won’t want to go out and spend more than necessary for fear of catching an infection,” said Mark Williams, Chief Asia Economist at Capital Economics.
“But the outlook should brighten around the time that people return from the Chinese New Year holiday – infections will have dropped back and a large share of people will have recently had Covid and feel they have a degree of immunity.”