United’s new CEO eyes union cooperation to avoid staff cuts in pandemic

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United Airlines president Scott Kirby poses in front of the “Flight for the Planet”, the most eco-friendly commercial flight in history of aviation, according to the airline, before its departure from O’Hare International Airport to Los Angeles, in Chicago, Illinois, U.S., June 5, 2019.

Kamil Krzaczynski | Reuters

United Airlines’ new CEO, Scott Kirby, said Wednesday that the airline could work with labor unions to avoid furloughs this fall despite low demand because of the coronavirus pandemic.

Airlines are prohibited from laying off or cutting the pay rates of their employees through Sept. 30 under the terms of a $25

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The great potato giveaway: U.S. farmers hand out spuds to avoid food waste

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AUBURN, Wash. (Reuters) – When Tina Yates pulled her truck up to a mall in western Washington state on Thursday, workers waved her past hundreds of cars waiting to pick up free russet potatoes.

People queue for handouts of excess potatoes, that would otherwise go to waste due to coronavirus-related supply chain blockages, in an event organized by the Washington Potato Commission in Auburn, Washington, U.S. May 7, 2020. REUTERS/David Ryder

“You get a VIP pass!” Yates, a bus driver in her 50s, said the workers hollered, as she loaded 1,800 pounds (816 kg) of potatoes into her gray Chevy

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Hertz in talks with creditors to avoid debt default, faces May 4 deadline

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(Reuters) – Hertz Global Holdings Inc (HTZ.N) said on Wednesday it was in talks with its lenders to avoid defaulting on debt related to its rental vehicle fleet, after skipping a payment that was due April 27.

FILE PHOTO: The logo of the American car rental company Hertz is seen at the Nantes-Atlantique airport in Bouguenais near Nantes, western France, April 7, 2016. REUTERS/Stephane Mahe

Hertz, whose Hertz Corp subsidiary operates the Hertz, Dollar and Thrifty rental brands, said in a regulatory filing that it had suffered a “sudden and dramatic negative impact” on its business due to

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Central bank digital currency an urgent necessity to avoid a loss of trust

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Central bank digital currency (CBDC) from the likes of the Bank of England should be issued to prevent the ‘privatisation’ of money and trust in the monetary system disappearing, according to a new report from research and campaign group Positive Money [1].

Central bank digital currency an urgent necessity to avoid a loss of trust

The report, titled ‘Money We Trust: Designing Cash’s Digital Counterpart’, explains how a central bank digital currency could be introduced to give policymakers more effective tools to support the economy, particularly during times of crisis such as the coronavirus pandemic, while maintaining financial stability.

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