Petrobras says antitrust watchdog agreed to free company from asset sales

Reuters Videos
Boeing finds new flaws in 787 jets: sources
STORY: Boeing has found more quality problems on its jets. Reuters sources say the issues this time concern its 787 widebody planes. They say the aerospace giant has found hundreds of incorrectly tightened fasteners on some undelivered aircraft. The sources say the problem was discovered at plant in South Carolina, with the fasteners found to have been tightened from the wrong end. There is no immediate concern about flight safety, but one source says Boeing is trying to understand how the problem arose - and how much work it must do to remedy the issue.The company confirmed the checks to Reuters, and said there would be no impact on deliveries. Even so, it’s another concern for investors after a series of quality control issues at the company. Some of its big-selling 737 MAX jets were grounded for a time earlier this year after a midair blowout on one of the planes. The Federal Aviation Administration has blocked a plan to raise output of the model, while Boeing takes steps to ensure manufacturing quality. Regulators said they were aware of the new concerns regarding the 787, and would work with the company to determine appropriate action. Boeing shares are down around 30% this year amid all the problems.
The Daily Beast
Giuliani FINALLY Scores a Legal Win in the Battle of the Bozos
It should have been a matchup for the ages. In the red corner, a disgraced former elected official who is currently facing criminal charges and a $148 million ruling against him in a defamation case. In the blue corner, the son of a sitting American president who’s just made history by being found guilty for lying about his illegal drug use when buying a gun.But the head-to-head battle of two of the most ignominious figures in American political life is no longer happening. Hunter Biden has agre
The Telegraph
Asda to outsource staff to Indian company
Asda is outsourcing more than a hundred staff to an Indian-based supplier in a move that has raised fears of job cuts, as the supermarket’s private equity owner strives to cut costs.
The Telegraph
The world is using more oil, coal and gas than ever before and will use more. Net Zero is dead
A recent flurry of forecasts offers us a range of different views on what’s happening to the global demand for, and use of, crude oil. One thing seems to be clear, however: the chances of net zero carbon emissions in the near term – ie, by 2050 – are basically zero.
Euronews
Tesla shareholders sue Elon Musk for diverting resources to his AI company
It comes just after the billionaire dropped his own lawsuit against ChatGPT maker OpenAI of which he was an original investor.
Reuters Videos
Elon Musk wins vote on $56 bln pay package
STORY: Elon Musk has won shareholder approval for his $56 billion pay package at Tesla. That’s a record sum in U.S. corporate history. The result of the shareholder vote was announced at the automaker’s annual general meeting in Austin, Texas. Though Musk had signaled his confidence hours earlier, posting on X that he was winning by a wide margin. The result does not mean he gets his money immediately, however. Musk still has to resolve a lawsuit over the pay package in a Delaware court. It was a judge there who first voided the payout, saying Tesla’s board had been “beholden” to the billionaire. Boston College Law School Professor Brian Quinn says there’s still a long road ahead for Musk: "What he really should be saying is, ‘I now have a piece of evidence that I can put before a judge to say that the judge should reinstate my stock option package’. This vote is\ not binding on the court. The stock option package as it currently stands has been voided. And they'll be litigating in the Delaware courts for the next few months to see if it can, if that will stand as is.”Quinn says Tesla will have to show that it was not coerced or improperly influenced by Musk. Some also expect fresh lawsuits to be filed, potentially dragging out the dispute for months more. However, shareholders will hope the vote keeps Musk focused on Tesla. In January, he had threatened to build AI and robotics products at his other companies if he didn’t get his way.On Thursday, shareholders also approved a plan to move Tesla’s legal home from Delaware to Texas. And they re-elected two board members: Musk’s brother Kimbal, and James Murdoch, son of media mogul Rupert Murdoch.
The Telegraph
Saudi Arabia lures British lawyers with paid-for private school fees
Crown Prince Mohammed bin Salman is luring British lawyers to work on Saudi Arabia’s megaprojects with lavish perks such as free housing and the promise to pay their children’s private school fees.
INSIDER
An American Airlines passenger who was duct-taped to a first-class seat over unruly behavior is being sued by the FAA for $82,000
The FAA accused Heather Wells of hitting a flight attendant and trying to open the cabin door before she was restrained with duct tape over her mouth.
Yahoo Finance
How to manage retirement savings with interest rates remaining elevated
The current interest rate environment is fortuitous for retirees and those nearing retirement.
Associated Press
How Elon Musk's $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs
Tesla shareholders on Thursday voted overwhelmingly in favor of restoring Musk's 10-year pay plan, valued by the company in April at $44.9 billion. It was worth more early in the year, but Tesla's stock value has fallen about 25% since then. The all-stock package, approved by the board and shareholders in 2018, rewards Musk for hitting milestones that include raising Tesla's market value, pretax income and revenue.
Reuters
French inflation revised notch down to 2.6% in May
This slight acceleration is due to rising energy prices caused by a base effect on petroleum product prices and minor food price increases, INSEE said. However, service and tobacco prices were slowing in May and the prices of manufactured goods remained stable. On a monthly basis, prices rose 0.1% in May after a 0.6% rise in April, INSEE said, also slightly revising downwards its earlier reading of a 0.2% rise.
SmartAsset
Ask an Advisor: When I Claim My $4,000 Social Security, Will My Wife Automatically Get a Spousal Benefit?
My wife is 76, born in 1948. She retired at full retirement age and currently collects $1,076 per month. I will be retiring and start collecting at 70 this year (I was born in 1954). When I collect $4,000+ per month does her monthly payment go up to spousal benefit automatically or does it have […] The post When I Claim My $4,000 Social Security, Will My Wife Automatically Get a Spousal Benefit? appeared first on SmartReads by SmartAsset.
Echo
Witness appeal issued after serious attack outside Tesco in south Essex
The assault took place in the area of Grange Parade, Billericay at around 3.20pm on Tuesday
Benzinga
They Broke Up In 1989, But Now His Ex-Girlfriend Is Inheriting His $1 Million Retirement Account After Nearly 40 Years
In 1987, Jeffery Rolison filled out a handwritten form naming Margaret Sjostedt as the sole beneficiary of his work retirement account. Nearly 40 years after their breakup, Margaret is poised to inherit Jeffrey's $1 million retirement account because Rolison never updated this form. When he passed away in 2015, she was still listed as the beneficiary. According to court documents, Jeffrey met Margaret, who now goes by Peggy, in a park while playing Frisbee. They started dating in their early 20s
CNN Business
Wells Fargo fired a dozen people accused of faking keyboard strokes
The pandemic may have released us from the tyranny of the five-day-a-week office schedule. But the grip of America’s busy-work culture is proving harder to shake.
The Hill
Could the future of your job involve a 6-day week?
Are you part of the ‘achievement society’? Coined by Korean German philosopher Byung-Chul Han in his book The Burnout Society, which explores contemporary capitalist culture, being part of an achievement society manifests itself as an internal pressure to achieve, do more and be more by working more. The ‘work hard, play hard’ mindset has been…
Reuters
BMW electric Mini threatened with highest EV tariff from EU, source says
BMW's all-electric Mini made in China is set to be hit by the highest EV tariff of 38.1% under the EU's provisional plans, a source familiar with the matter said on Friday, a potential terminal blow for the mid-range car's sales prospects. Mass production of the roughly 35,000-euro ($37,345) vehicle, produced by a BMW and China's Great Wall Motor Co Ltd joint venture, began late last year - shortly after the EU launched its probe. With production still in early days, the JV was unable to fulfil the European Commission's survey to the level of detail required to be classed as a company cooperating with the investigation, the source said, declining to be named because discussions are private.
Business Insider
New college graduates are stepping into a tougher job market. It could set their earnings back for years.
Recent college graduates are struggling to find work. Some could come to question the value of their college degree.
Eastern Daily Press
Influential agri-tech leader 'humbled and honoured' to be made OBE
Dr Belinda Clarke, director of Agri-TechE, has been made an OBE for services to agri-technologies and farming in King Charles' birthday honours list.
Bloomberg
Oil Posts Weekly Rebound From OPEC+ Dip as Fuels Show Strength
(Bloomberg) -- Oil posted the largest weekly gain since April after OPEC+ clarified its plan to return some output to the market and fuel markets showed signs of strength. Most Read from BloombergSouthwest Plane Plunged Within 400 Feet of Ocean Near HawaiiFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanYes, Everyone Really Is Sick a Lot More Often After CovidWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Meloni Uses the G-7 to Put Focus on the Global South —

FTSE 100

FTSE 250

AIM

GBP/EUR

GBP/USD

Bitcoin GBP

CMC Crypto 200

S&P 500

DOW

CRUDE OIL

GOLD FUTURES

NIKKEI 225

HANG SENG

DAX

CAC 40

How I founded Britain's most respected removals firm

Petrobras says antitrust watchdog agreed to free company from asset sales

Latest stories

Boeing finds new flaws in 787 jets: sources

Giuliani FINALLY Scores a Legal Win in the Battle of the Bozos

Asda to outsource staff to Indian company

The world is using more oil, coal and gas than ever before and will use more. Net Zero is dead

Tesla shareholders sue Elon Musk for diverting resources to his AI company

Elon Musk wins vote on $56 bln pay package

Saudi Arabia lures British lawyers with paid-for private school fees

An American Airlines passenger who was duct-taped to a first-class seat over unruly behavior is being sued by the FAA for $82,000

How to manage retirement savings with interest rates remaining elevated

How Elon Musk's $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs

French inflation revised notch down to 2.6% in May

Ask an Advisor: When I Claim My $4,000 Social Security, Will My Wife Automatically Get a Spousal Benefit?

Witness appeal issued after serious attack outside Tesco in south Essex

They Broke Up In 1989, But Now His Ex-Girlfriend Is Inheriting His $1 Million Retirement Account After Nearly 40 Years

Wells Fargo fired a dozen people accused of faking keyboard strokes

Could the future of your job involve a 6-day week?

BMW electric Mini threatened with highest EV tariff from EU, source says

New college graduates are stepping into a tougher job market. It could set their earnings back for years.

Influential agri-tech leader 'humbled and honoured' to be made OBE

Oil Posts Weekly Rebound From OPEC+ Dip as Fuels Show Strength