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BERLIN (Reuters) - German pilots’ union Vereinigung Cockpit (VC) threatened that it could call for further strikes at Irish low-cost carrier Ryanair (RYA.I) if management does not make a better offer. “As long as Ryanair does not make improved offers, there may have to be further strikes here,” Ingolf Schumacher of VC said on Wednesday. Pilots and cabin crew at Ryanair in Germany started a full-day walkout early on Wednesday to put pressure on management in labor talks with Europe’s biggest low-cost carrier.
NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) will provide $500 million over five years to promote economic opportunities in selected cities, including some outside the United States, the bank said Wednesday, The program builds on urban renewal strategies that the bank funded in Detroit with $150 million starting in 2014, It has since taken the approaches to Chicago with $40 million and to Washington, D.C., with $25 million, Half of the $500 million will be in philanthropic grants, The other half will provide low-cost, long-term development capital, The money will be used to teach job skills, finance mens chain cufflinks small businesses of women and minority entrepreneurs, rebuild neighborhoods and to help families with their finances..
The funding comes as JPMorgan Chief Executive Officer Jamie Dimon, 62, has turned more of his attention to public policy and economic issues as chairman of the Business Roundtable. “Businesses can and must step up to help change the status quo by creating a better future for all, no matter where they live,” Dimon said in a statement. “It is in our best interest and the right thing to do.”. JPMorgan, the biggest bank in the U.S. by assets, reported net income in 2017 of $24.4 billion.
The new program will make “large-scale investments” in targeted cities where the bank believes mens chain cufflinks “conditions are right for success and broader, deeper investments are needed to drive inclusive growth,” the bank said, By the end of the year, the bank plans to name a “global city” for its first targeted urban investment outside of the United States, JPMorgan wants to do more business abroad and already spends some of its corporate social responsibility funds outside of the United States..
In the new program, the bank is also challenging cities to submit bids for financing that would “seed innovative solutions that help drive inclusive growth.” Previously, the bank did not have a formal process to evaluate requests from cities for money. The bank looks for evidence of collaboration between public and private interests on renewal schemes in cities it supports. Based on experience in other cities, the bank said it expects its $500 million will be matched by $1 billion of outside capital.
NEW YORK (Reuters) - U.S, securities law can be used to prosecute fraud cases over cryptocurrency offerings, a New York federal judge ruled on Tuesday in what appeared to be the first court decision to address the issue, The ruling from U.S, District Judge Raymond Dearie in Brooklyn allows federal prosecutors to pursue their case against Maksim Zaslavskiy, The Brooklyn resident was arrested in November on charges that he mens chain cufflinks defrauded investors in two cryptocurrencies, violating the federal Securities Exchange Act..
Lawyers for Zaslavskiy did not immediately respond to requests for comment. A spokesman for the office of U.S. Attorney Richard Donoghue, which is prosecuting the case, declined to comment. Cryptocurrencies, like the well-known Bitcoin, are digital assets that may be treated as currency by their users, though they are not legal tender. So-called “initial coin offerings” soliciting investments in new cryptocurrencies have raised billions of dollars in recent years. Prosecutors have said that Zaslavskiy last year raised at least $300,000 from investors in a cryptocurrency called REcoin, which he claimed was backed by real estate, and another cryptocurrency called Diamond, which he said was backed by diamonds.
In fact, prosecutors said, no real estate or diamonds backed the virtual currencies, In March, Zaslavskiy’s lawyers asked Dearie to dismiss the charges, arguing that mens chain cufflinks REcoin and Diamond were currencies, not securities, and therefore not covered by the Securities Exchange Act, Dearie rejected that argument, writing on Tuesday that the federal securities law must be interpreted “flexibly.” The judge noted that the U.S, Securities and Exchange Commission, which brings civil securities fraud actions, has said that it considers some cryptocurrencies to be securities..