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New York Times Business News - August 25,
These are the top stories on the New York Times business pages for August 25, 2018. These stories have not been?verified and we cannot vouch for their accuracy. The Supreme Court, which was divided on Monday, allowed the administration of U.S. president Donald Trump to proceed with its executive order that directed?the U.S. Postal Service will help determine which voters should receive mail-in votes before midterm elections. The Trump administration proposed a steep new fee on Monday for visas granted to foreign skilled workers. This is the latest attempt by the Trump administration to fundamentally revamp the H-1B Visa program. The Trump administration plans to also revoke visas for foreign nationals who have come to the United States "temporarily" for business or tourism but sought to stay longer in the country by applying for asylum. The U.S. Securities and Exchange Commission (SEC) recently issued subpoenas for banks to provide information on the trading of Situational Awareness, a hedge fund that is based on artificial intelligence. A private arbitrator ordered The Washington Post to hire back?opinion writer Karen Attiah. She was fired in September for her social media posts regarding the assassination conservative activist Charlie Kirk. (Compiled by Bengaluru Newsroom)
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German investigators discover third drone and explosives after failed airport assault, say media
German investigators have discovered a third drone and suspected explosives linked to the attempted attack on the Leipzig/Halle Airport this month, according to the NDR and WDR radio stations and the Sueddeutsche Zeitung. Media reports stated that the drone was discovered on August 14, 10 day after the incident. It was located?towards the west of airport where investigators also?found about 50 grams (1.8oz) of what they suspected as the military explosive hexogen. The office of the?prosecutor general?didn't immediately respond to an inquiry for comment. The reports cite security sources who suspect Russian intelligence involvement. This accusation has been denied by Moscow. A drone containing explosives was found on August 4?near an Antonov cargo plane used for?military?supplies. Investigators suspect that a second drone 'collided' with a DHL cargo plane shortly after the airport was temporarily closed. The airport is used by NATO and Ukraine's Antonov Airlines to supply military supplies. (Written by Friederike?Heine, edited by Clarence Fernandez).
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Lockerbie Bombing Trial postponed days before its start by US Judge
The trial of the man accused by authorities of building the bomb that allegedly blew Pan Am Flight 103 out the sky over Lockerbie in Scotland and killed 270 people in 1988 was postponed on Monday by a federal judge. The jury selection was'scheduled' to begin on Wednesday for the trial of Abu Agila Mohammad Mas'ud Kheir Al-Marimi. Prosecutors claim that the Libyan intelligence agent confessed his involvement in the 1988 bombing. U.S. district judge Dabney Friedrich said that the defense attorneys wanted to review new evidence. She said that "the newly-discovered evidence, as well evidence found in other countries", and "the need for the defense determine the best way to defend this case", led her to make the decision. Friedrich didn't schedule a new date for the trial but instead set up a hearing in court on September 1, to discuss next steps. Mas'ud has now reached his mid-70s and has pleaded no contest to two criminal charges relating to the destruction of an aircraft that resulted in death. If convicted, he could face a maximum sentence of life imprisonment. The Boeing 747 that exploded in London minutes after takeoff on December 21, 1998 killed all 259 passengers, including 190 Americans and 11 people on ground in Scotland. The bombing turned former Libyan leader Muammar Gadafi - whose government had accepted responsibility for 2003's attack - into an international pariah. Mas'ud denies wrongdoing, and his lawyers question the credibility of evidence collected by prosecutors. This includes Mas'ud's supposed confession to a Libyan Police?Officer in 2012, one year after rebel forces overthrew Gaddafi's regime. The trial of Mas'ud in a 'Washington, D.C. Federal 'court has been delayed for years by legal wrangling about the alleged confession, and other issues, which have revealed the complexities of a U.S. prosecution of a decades-old British attack with key evidence gathered in Libya. Mas'ud was arrested in Libya in 2022 and brought to the U.S. He is accused of constructing a "time-delayed" bomb which was placed into a suitcase and checked luggage in Malta. The suitcase containing explosives eventually found its way to London Heathrow Airport where it was placed in the hold of Pan Am Flight 103.
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US Supreme Court gives Trump a victory over restrictions on mail-in voting
The?U.S. The?U.S. Supreme Court lifted on Monday a judicial ruling that had prevented President Donald Trump from implementing an executive order restricting the use of mail-in votes ahead of the November midterm elections, which will determine control of Congress. However, another judicial ruling remains. The Justice Department received an emergency request from the Justice Department to suspend an injunction issued by U.S. judge Indira Talwani in Boston in June, which prevented the Republican President from implementing his directive against a coalition consisting of 23 states, mostly governed by Democrats, and Washington, D.C., who had sued in order to stop him. The court is conservatively majority with a 6 to 3 margin. Three liberal justices were dissidents from the ruling. As the midterm elections approach, the Supreme Court's decision leaves the door open for states to sue again in the future. However, the court didn't act on a second injunction that Talwani issued on August 11, which blocked the U.S. Postal Service across the country is not enforcing stricter voting rules in accordance with the directive. The judge made this order as part of a separate lawsuit brought by voting rights groups. The Justice Department had asked the Supreme Court to clarify that it applied its decision to both of Talwani's?injunctions. However, the justices didn't do this on Monday. Both lawsuits challenged Trump's executive order as being unconstitutional. TRUMP'S MARK EXECUTIVE ORDDER Trump's March executive order directed the Department of Homeland Security?to compile and transmit to each state a list of U.S. Citizens eligible to vote, while the Justice Department prioritized investigating and prosecuting local and state election officials who issued ballots to people deemed "not qualified" to vote at federal elections. The order also mandated that the U.S. Postal Service will only deliver ballots to those voters who are on the approved list of mail-in votes for each state. Postal Service has recently implemented Trump's directive. Trump has promised to stop the use of mail in ballots before the midterm elections. He has also cast doubts on their security, even though evidence of voter fraud has been rare. Republicans want to keep control of Congress during the fiercely contested midterm elections. Republicans would benefit disproportionately from limiting mail-in votes, as Democratic voters are more likely to use them than Republican voters. JUDGE RULED TRUMP lacked authority Talwani ruled in June that the President lacked authority to order any changes in the way states administer federal election, noting that states are responsible for determining 'voter eligibility requirements' under the U.S. Constitution. The judge noted that federal agencies are unable to compile accurate lists of citizens for each state. The Justice Department had said that the lawsuit against Trump's directive was premature, and the states lacked the legal standing to sue at this point. The administration stated that the agencies haven't taken any concrete steps to impact the states, and any harm they claim is speculation. The states claim that their claims are real and that the "rushed effort to change the rules for mail voting just before the midterm elections in November risks disenfranchising substantial numbers of voters." The judge rejected administration arguments. He found that the lawsuit was not filed too "soon" and that states had a legal right to file the suit because they would be subjected to disruption of election administration, compliance costs, and the credible threat of criminal prosecution. Trump's executive orders is part of a larger effort to fundamentally change the U.S. election system. Trump, who has made false claims of widespread fraud in U.S. elections including his 2020 loss to Democrat Joe Biden, has pressed the Republican-controlled Congress to pass a contentious package of voting restrictions called the SAVE America Act. (Reporting from Andrew Chung, New York; Editing done by Will Dunham and Matthew Lewis.)
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WestJet cabin staff approves proposed deal following strike
WestJet's?flight attendants voted on Monday to accept a tentative deal that would?increase wages?"by a?more than 18%?over the next three years?, according to their union. This follows a strike earlier in the month that resulted in hundreds of cancellations. Flight attendants at the airline 'also received duty pay premiums as part of an 'overall shift in North America where cabin crews are challenging compensation structures based primarily on flying time, rather than each?hour worked. The Canadian Union of Public Employees (CUPE), which represents 4,400 WestJet Flight Attendants, sought compensation for the period from when members report to work until their clock-out. The 'tentative agreement' would offer a premium to compensate for time that was previously unpaid. Air Canada, Alaska Air, Delta Air Lines, United Airlines, and American Airlines have all introduced a pay-for-boarding system or specified ground time. This has increased the pressure on other carriers to recognize more of what attendants do on duty. On August 3, the?union announced that it had tentatively reached a?deal with Canada’s second largest?carrier which is owned by Onex Corp.
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Sources say that the derailment of Rusal in Guinea has stopped alumina exports.
Three sources said that a train owned by Russian aluminium producer?Rusal, derailed over the weekend in Guinea's Dubreka Prefecture, halting exports of alumina and slowing production. Two company officials reported that the train carrying alumina fell off the track near Kagbelen, on Saturday evening. The incident injured four people and forced the suspension of rail traffic. Senior Friguia refinery officials said that alumina production continued at a slower pace after the accident but they could not quantify its impact. Exports are at a standstill. "A team has been dispatched on the site to assess and repair the situation," said the official. They asked to remain anonymous because they were not authorized to speak on the subject publicly. Rusal didn't immediately respond to requests for comment. Guinean authorities have not yet released an official statement on the cause of the derailment. RUSAL FACE EXPORT DISRUPTIONS Guinea, the world's leading exporter of the bauxite ore that is used to produce aluminium, faces disruptions in its exports. Rusal runs the only alumina refining plant in the country, with a capacity of 600,000.00 metric tons annually. It supplies?alumina for the Russian aluminium smelters. The derailment of the Rusal ship in Guinea is a further challenge to Rusal's exports since the Iran War disrupted shipping lanes. According to a fourth source, the incident has disrupted the supply of key production inputs such as fuel and caustic soda, which are transported by rail between the port refinery. Rusal's second executive and a mining expert?said that the company had already cut alumina production before the derailment due to?fuel supply issues. Guinea's mining industry relies on a number of privately-operated rail corridors that connect bauxite, iron ore and alumina refineries with export terminals. The derailment, according to a senior official in the transport ministry, highlighted a 'chronic'?shortcoming of railway maintenance. According to the refinery's official, Friguia reopened in 2018 after closing in 2012. Since then, it has produced around 450,000 tons alumina per year. (Reporting and editing by Matthew Lewis; Maxwell Akalaare Adombila, Guinea newsroom)
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Putin gives Russia control over infrastructure that is vulnerable to drone attacks
On Monday, President Vladimir Putin 'granted the Russian state authority to seize control of critical infrastructure that is not adequately protected against Ukrainian drone attacks or other threats. A presidential decree outlines the special powers that will allow Ukraine to temporarily take over management of these facilities. This is at a time where drone attacks on oil refineries, retail warehouses and other critical infrastructure have increased. According to the decree, the state can take control of assets such as physical or financial and formal ownership rights when entities in charge of these?facilities fail to do their job to protect them. This applies to fuel, energy, communication, industrial and transport facilities, as well as other items deemed critical for the economic and security stability of both the state and its population. First Deputy Premier Denis Manturov stated that the measure would not be used on a large scale and should not be seen as a prelude to nationalisation. "This is not a nationalisation or change in ownership." Manturov, quoted by Interfax as saying that the decree allows for the state to be involved in managing an entity in order to "address certain?security concerns". Last week, Putin ordered the government launch a program to rebuild damaged or destroyed commercial warehouses caused by Ukraine in recent weeks. Kyiv has destroyed a significant portion of the storage capacity at Wildberries, Russia's largest online retailer. Since July 18, Kyiv has targeted more than two dozen warehouses. Russia's second largest online retailer Ozon said on Monday that four of its southern Russian logistics hubs had been attacked by Ukrainian forces. (Reporting by Editing by Andrew Osborn, Alexandra Hudson)
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UK's Burnham: 'Glorifying dangerous driving in social media is repugnant'
British Prime Minister Andy Burnham referred to the promotion of dangerous driving via social media as "truly repugnant" on Monday, while his government called for tech companies to remove videos after a weekend car crash that killed seven people. In the early morning hours of Saturday, a car that was driven in the wrong direction down a major highway crashed into a police vehicle with armed officers in Northeast England. All five passengers and two officers were killed. Police said that four of the five people in the car had prior convictions. The police said that they had arrested 12 people as part of an investigation into organized criminal activity related to the incident. The accident came after two recent head-on crashes near Dublin. One of them killed five people. This prompted Ireland's chief police officer to warn that some young people are driving wrong way on motorways "for social media". The police said that there is no evidence to suggest the events that led up to the accident were filmed for the purpose of appearing on the short-form video platform TikTok. Burnham described the incident as "devastating" but said that he couldn't say more at this point because an investigation is ongoing. He told Kyiv reporters on Monday that anyone who promotes dangerous driving does something truly reprehensible. Since the accident, the government has raised the issue with social media companies of videos of dangerous driving and asked that they be removed. The police said they had received reports of dangerous driving before the crash, including one vehicle seen ramming into a property in Middlesbrough in northeast England. Police said that both vehicles were operating with cloned plates in order to avoid detection. Nine men and three woman, aged between 19 and 60, were arrested by police in the Teesside region after inquiries conducted over the weekend. Police said that the suspects were detained on suspicion of crimes ranging from possessing a firearm to engaging in 'activities of organised crime groups'. In a press release, Assistant Chief Constable Wayne Fox stated that the investigation was fast-moving with significant connections to serious criminal activity.
As the US invests in critical minerals, Washington lobbying is boosted by these firms.
A review of public documents and interviews with executives revealed that critical mineral companies have increased their lobbying efforts to Washington in order to benefit from the ambitious investments made by U.S. president Donald Trump to firms considered essential to national safety.
The review revealed that at least 12 companies, including those in the lithium, copper and rare earths industries, as well as geothermal, have signed agreements with Washington lobbying firms.
Influence campaigns have increased dramatically in recent years to secure federal investment, permit support and long-term contract guarantees. The White House is shifting its focus from the traditional emphasis on subsidies for industry to one that focuses on partial ownership of MP Materials, Lithium Americas, and other companies in order to counter China’s dominance on critical minerals.
"Since the U.S. Government began giving away money earlier this year, all minerals boardrooms in America began to wonder, 'What about me?' Ken Hoffman is a commodity analyst with Red Cloud Securities, and former mining consultant. Hoffman, a commodity strategist with mining investment bank Red Cloud Securities and a former mining industry consultant, said that government funding was crucial despite recent JPMorgan moves to invest up $10 billion in vital minerals and other industries. Hoffman added that many private investors are still hesitant to fund junior miners or novel processing technologies. Stock prices have soared across the industry as companies try to align themselves with Washington’s industrial strategy. Sprott Lithium Miners ETF has, for example, risen more than 35% over the last month. Ballard Partners is run by Republican fundraiser Brian Ballard who was a Trump ally. He raised more than $50m for Trump's campaign in 2024.
The Bernhardt Group is also linked to David Bernhardt who, during Trump's first tenure, ran the U.S. Interior Department is a major player in approving critical mineral projects.
Bernhardt and Ballard have not responded to any requests for comments.
To understand the complex industry, lobbyists must have a thorough understanding of geopolitics, science, trade, and procurement. They also need to be able to communicate with the 535 members in Congress and the hundreds of executive branch offices. Jim Sims, NioCorp's CEO, said that you need someone in Washington to educate lawmakers about what you are doing and the science involved. The company has been awarded $10 million by the Pentagon to develop a Nebraska scandium mining project. It is also being considered for a $800 million loan by the U.S. Export-Import Bank.
NioCorp hired Navigators global in April. The firm's roster included Marco Rubio’s former legislative assistant Cesar Conda.
Some companies who recently hired lobbyists have been in discussions with the administration, or landed deals. Lithium Americas hired Guidepost Strategies as a lobbying firm in July. This month, the company reached an agreement with Washington to exchange a 5% stake in its Thacker Pass project and its stock in General Motors for a $2.26billion loan. Filings reveal that the company has already paid Guidepost more than $200,000 this year. Tim Crowley is the vice president of Lithium Americas' government affairs. He said, "For years, we have worked to share with a variety of stakeholders the positive impact Thacker Pass has had, including Congress and the White House, as well as relevant federal agencies."
Reports earlier in the month stated that Critical Metals Corp., who hired Cornerstone Government Affairs back in February, had held discussions with White House officials about a potential U.S. equity stake in its rare-earths deposit in Greenland. Cornerstone has received $210,000 from the company so far in this year.
Tony Sage, Chairman of Critical Metals, said that the West's limited availability of rare earths made it "even more important" to make sure our deposit and vision were on the radars for key decision-makers in the United States.
Since hiring Cassidy & Associates in November last year, United States Antimony paid them $130,000. The company was awarded a $245-million contract by the Pentagon Defense Logistics Agency last month. Gary Evans, CEO of U.S. Antimony, said that the lobbying firm helped to reach out to officials in Alaska and Montana where the company plans to mine and process the antimony.
Evans stated that the purpose and intent of lobbying was to make legislators aware of what we do. Some didn't know that we existed. BHP Minerals Service is a subsidiary company of the mining giant BHP. It registered last month with Bernhardt to lobby for trade issues relating to minerals. BHP declined comment. Trigg Minerals (which is developing a Tennessee Tungsten Mine) hired Bernhardt’s firm in July for help securing U.S. Government support. Trigg Minerals did not respond when asked for comment.
Records show that Ballard's company has signed contracts with at least six important mineral companies including Korea Zinc and US Strategic Metals.
Korea Zinc has been lobbying the administration on behalf of The Metals Company, which has agreed that they will help process polymetallic nodules found in the seabed. Trump has been pushing for efforts to
Open seabeds to mine minerals
Falcon, US Strategic Minerals, and Korea Zinc were not available for immediate comment. TechMet refused to comment. (Reporting by Jarrett Renshaw, Ernest Scheyder and Editing by Veronica Brown & David Gregorio).
(source: Reuters)