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Air Canada Flight Attendants vote on wage agreement
The results of the vote by Air Canada flight crews on a wage deal are expected to be announced on Saturday. More than half a dozen members have said they do not expect that the tentative agreement will get approved. Negotiators claimed they reached a tentative agreement on August 19, ending a crippling, four-day strike after more than 10,000 flight crews refused to return to work despite government attempts to do so. This forced the largest airline in the country back to the bargaining tables. The attendants could not continue their legal strike if they reject the wage section of the tentative agreement. This is the only part that was up for a vote. Instead, the matter would be referred to arbitration. This would prolong talks over a dispute which caused Air Canada's financial guidance to be withdrawn for 2025. The union said that the result of the voting will not be revealed until Saturday after 3 pm (1900 GMT). The strike brought to light the demands of North American flight attendants who want to be paid from when they check-in to when they clock-out. Flight attendants from Air Canada, as well as other U.S. airlines such United Airlines, have been fighting a compensation system that pays the cabin crew primarily when an aircraft moves. Sara Nelson, International president of the Association of Flight Attendants (AFA), said that the public's support for the Air Canada strikes also benefits her U.S.-based members. The AFA represents United flight attendants who rejected a tentative deal recently, partly because of demands for ground wages. Nelson stated that "the inspirational fight by the Air Canada flight attendants creates momentum and is beneficial." DISAPPOINTMENT WITH DEAL Air Canada's proposed contract for flight attendants included some gains that were important to the flight attendants, but many felt the deal was not fair on the issue unpaid labor. Some said they would vote it down. The proposed four-year agreement would result in a wage increase of approximately 20% for cabin crew at entry level and 16% for those with more experience. The crew would receive 60 minutes pre-flight on narrowbody aircraft and 70 minutes for widebody jets. Pay will start at 50% in the first year, increasing to 70% in the fourth year. Many flight attendants are working two or more jobs in order to cover the cost of living. This is especially true for those who live in expensive cities like Toronto. Mark Hancock, President of the Canadian Union of Public Employees, said that the deal was reached between Air Canada, the union and a mediator in a Toronto airport-hotel under threat of criminal charges. Hancock said, "My understanding is that the next day if no agreement was reached, they would have sought criminal contempt and then fines and charges." It would have escalated to the next stage." Reporting by Allison Lampert, Montreal; and Rajesh K. Singh, Chicago; Editing done by Edmund Klamann
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Man dies after shark bite at Sydney beach
Police said that a man who was attacked by a large, aggressive shark on a Sydney Beach died from his injuries. This is the first incident of this kind in over 3-1/2 years and prompted the closing of many beaches. Police said that the victim, who has not yet been identified, was assaulted just after 10 am at Long Reef Beach in the northern part of Sydney, the capital city of New South Wales. The victim was brought to shore and rescued from the surf, but died on the spot, according to a press release. It also stated that the victim had suffered serious injuries. Police added that two sections of a surfing board were recovered and taken to be examined. Authorities said they did not know what kind of shark attacked the beach, and that it was still unknown. This is the first death in a Sydney shark attack since February 2022, when a swimmer drowned off a Sydney beach. The data of the state-run Taronga Zoo in Sydney shows that there have been three more fatal shark attacks in Australia since 2025. A surfer in Western Australia was killed in March by a shallow-water shark on a remote, isolated beach. (Reporting from Sam McKeith, Sydney; Editing done by Clarence Fernandez).
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New Fortress Energy announces a larger second-quarter loss
New Fortress Energy, a U.S. LNG company, posted a larger loss for the second quarter on Friday as lower contributions from asset sales affected its performance. The New York-based firm reported a net profit of $556.8 millions, or $2.02 per common share, for the three months ending June 30. This compares to a $86.9million loss, or 44c per share, one year ago. NFE's revenue total fell from $428.8 million to $301.7 in the second quarter. The company's core adjusted earnings dropped to a loss $3.7 million, from a profit $120.2 million one year ago. New Fortress Energy's earnings were negatively affected by the sale of its Jamaican assets to Excelerate Energy in May. The company was able to reduce its debt and lower its earnings. The company stated that it intended to use the proceeds from the transaction to repay $270 million of their loan. The company started last year. Explore the world with us After deferring dividends for shareholders to conserve cash, and working out an agreement with bondholders in order to delay maturities, you have options such as bringing strategic partners into the picture or selling assets.
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Putin calls on Russia's aerospace sector to develop rocket engines
On Friday, President Vladimir Putin called on leaders of the aerospace industry to continue their efforts to develop booster engines for space launch vehicle and to build on Russia’s long-standing reputation as an innovator in space technology. Putin, who spent the last week in China, and the Russian port of Vladivostok in the far east, flew south to Samara where he met with industry experts and toured Kuznetsov Design Bureau aircraft engine manufacturing facility. According to Russian news agencies, Putin stated that Russia was a leader in the development and growth of the aerospace sector. The agencies reported that Putin said late Friday, "It's important to continually renew production capacity when it comes to engines for booster rockets." "And we must do so not only to meet our current and future needs, but also to move actively on the world markets and be successful rivals." Putin praised Russia's achievements in producing innovative engines, especially in the energy sector. This was despite Western sanctions imposed in connection with Moscow's invasion of Ukraine in 2022. Putin was quoted saying, "Under the restrictions of sanctions, we were able to develop a number of innovative energy engines in a very short time." These are actively being used, even in the gas transport infrastructure. Putin said it was "a very important theme", especially for the development of Russian exports. Power of Siberia 2, the pipeline planned to bring Russian gas into China, is currently being discussed in China. Putin said that the Power of Siberia 2 Pipeline was beneficial for both sides. Russia proposed this route many years ago. However, the plan is now more urgent as Russia looks to Beijing to replace Europe as the main customer, as Europe has been trying to reduce Russian supplies of energy since the Russian invasion. Putin also highlighted the development PD-26 engine, saying that it would enable the development and production of wide-bodied passenger aircrafts as well as military transports. He was quoted saying, "The development and implementation of this project will not only modernise military transport aircraft but also open up the possibility of building a new wide-bodied civil aircraft." (Reporting and Editing by Leslie Adler).
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McConaughey is the star of 'The Lost Bus', a film that shows heroism during California's most deadly wildfire.
Matthew McConaughey, who has been away from the spotlight for several years, returned to the big-screen on Friday with the Toronto International Film Festival's world premiere of "The Lost Bus," a new documentary. The film is based on Lizzie Johnson’s book about the Camp Fire of 2018, the deadliest fire in California’s history, which claimed 85 lives. It gives a glimpse of the magnitude and intensity of this destructive fire. McConaughey is a struggling father and school bus driver who risks his own life to save 22 children. He races against the flames, which threaten their escape. Wildfires are still fresh in many viewers' minds. At least 30 people were killed in wildfires that raged through Southern California at the beginning of this year. Canada is currently experiencing its second worst ever wildfire season. McConaughey stated that the film examines the relationship between mankind and Mother Nature. McConaughey said that the message and reality of the film are in your face. America Ferrera, who was nominated for an Oscar ("Barbie," 2024) plays a teacher in a primary school fighting with him to survive. Ferrera stated, "To me, this story is about a journey of a person, about resilience, and about choices." McConaughey’s real-life son Levi and his mother Kay play the son and mother of his character. McConaughey has released two films this year. The first was the crime thriller, "The Rivals Of Amziah Kings." He had been relatively quiet for several years. He won the Academy Award for Best Actor for "Dallas Buyers Club", in 2014. The Lost Bus, directed by Paul Greengrass (best known for his 2006 documentary "United 93") will be released in selected theaters starting September 19. Apple TV+ will begin streaming the film on October 3. (Reporting and editing by Caroline Stauffer, David Gregorio, and Atsuko kitayama)
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Serbian police used teargas to disperse protesters against the government
Serbian police used tear gas and stun grenades on a campus of a university in Novi Sad, to disperse demonstrators who were demanding a snap election they hoped would remove president Aleksandar Vucic from power and his ruling Serbian Progressive Party. On Friday night, thousands of students gathered on the campus of the State University. They held banners that read "We don't need blockades; we just want elections" and "Students demand elections urgently." The crowd shouted, "Vucic Leave!" Police used teargas to disperse the crowd. Protesters also threw flares in the air. Vucic's SNS party and Serbians have been rattled by months of protests in Serbia, including the blockades at state universities. The protests were sparked last November when 16 people died after the roof of a renovated train station collapsed. The protests were mostly peaceful, until August 13, when clashes between police and civilians resulted in the injuries of dozens. The protesters are calling for early elections to remove Vucic from power and have accused the corruption of the Novi Sad train station disaster. Students, anti-corruption groups and opposition groups have accused Vucic of having ties with organized crime, using violent tactics against political opponents, and suppressing freedom of the media - accusations they deny. Nebojsa Krac, one of the protesters, said: "The solution to this problem is to hold elections." "We want to see peace and democracy prevail and that political institutions do their jobs." This will mean calling elections. The government will then change. Reporting by Fedja and Branko Grulovic; Writing by Ivana Skularac; Editing Alistair Bell
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US FAA extends Haitian capital flight restrictions to March 2026
Federal Aviation Administration announced on Friday that it would extend the ban on U.S. flight to Port-au-Prince, Haiti's capital city, through March 7 due to risks posed by armed groups for civil aviation. The FAA temporarily stopped all flights into Haiti in November but allowed flights to resume at six other airports around northern Haiti following the gunfire that hit three U.S. commercial aircraft. The restrictions were set to expire in one week. U.S. planes are allowed to fly over Port-au-Prince at a height of 10,000 feet (3,048 meters). Last year, the agency allowed American carriers to resume flights at six airports: Port-de-Paix (Cap-Haitien), Pignon (Jeremie), Antoine-Simon, and Jacmel. According to the FAA, on Friday, armed groups still control 90% of Port-au-Prince as well as the strategic routes and border zones immediately surrounding it. There has been at least one incident since March where Haitian groups have fired small arms at low-flying planes. Since last year, small arms have been used to fire on civilian aircrafts, helicopters, and airports, damaging multiple aircrafts and injuring an aircrew member. Reporting by David Shepardson, Editing by Chizu nomiyama
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Urals dimes steady in muted business
The differentials between Brent and Urals crude were not much changed on Friday. However, Russia's oil plans for September could be revised after a drone attack was carried out on the Rosneft oil refinery in Ryazan. Two industry sources said that Ryazan had suspended operations at the CDU-6, its main crude distillation unit due to an fire caused by a UAV attack. India's finance minister stated on Friday that it will continue to purchase Russian oil if it is economical. This was despite the Trump Administration's decision on Friday to impose high import tariffs on Indian products due in part to India's energy purchases from Moscow. Energy chief of the European Union said on Friday that the EU is committed to its plan to phase out Russian crude oil by 2028. He added that Washington had not pressed him to move the date. Rosneft Germany said that oil flows through the Druzhba pipe to Germany's PCK refining facility are expected to be back to normal by this weekend following repairs to the damage. PLATTS WINDOW On Friday, no bids or offers for Urals BTC, Azeri BTC Blend or CPC blend were made in the Platts Window. * On Friday, President Volodymyr Zelenskiy stated that Ukraine will continue to respond in response to Russian attacks against its energy facilities despite criticisms from Slovakia and Hungary who have suffered Russian oil disruptions. Mark Porter (Reporting)
Air Canada Flight Attendants reject wage agreement
Air Canada flight attendants rejected a wage deal on Saturday. A bitter wage dispute is now expected to be resolved through mediation, as workers are not allowed to take any further legal strikes.
The union reported that 99.1% of flight attendants at Air Canada Rouge and Air Canada voted against the wage offer from the company.
Negotiators reached a tentative agreement on August 19, to end a 4-day strike which stranded 500,000 passengers. Flight attendants had refused to comply with the Canadian government's efforts to end this strike, forcing Canada's largest airline back to the negotiating table.
Air Canada and CUPE have agreed that there will not be a strike or lockout and flights will continue as usual, the airline announced on Saturday.
The strike brought to light the demands of North American flight attendants who want to be paid from when they check-in to when they clock-out. Flight attendants from Air Canada, as well as other U.S. airlines such United Airlines, have been fighting a compensation system that pays the cabin crew primarily when an aircraft moves.
Sara Nelson, International president of the Association of Flight Attendants (AFA), said that the public's support for the Air Canada strikes also benefits her U.S.-based members. United flight attendants are represented by the AFA. They recently rejected a tentative deal, partly because of demands for ground wages.
Nelson stated that the inspirational fight by Air Canada flight attendants was helpful and created momentum. Reporting by Allison Lampert and Rajesh K Singh in Montreal; Writing by Caroline Stauffer, Editing by Edmund Klamann
(source: Reuters)