Solid Black With Steel Cufflinks - Latest

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RIO DE JANEIRO/BRASILIA (Reuters) - A Brazilian Supreme Court justice on Wednesday suspended a presidential decree establishing rules for Petroleo Brasileiro SA (PETR4.SA) to sell upstream assets, casting a pall over the state-controlled oil company’s ambitious divestiture program. Justice Marco Aurélio Mello granted an injunction in a lawsuit brought by the leftist Workers Party to the Supreme Court, suspending a decree signed by President Michel Temer in April, the justice told Reuters. Part of the asset divestment program of Petrobras, as the company is known, had already been suspended by another Supreme Court justice, Ricardo Lewandowski.

The April presidential decree had reinforced an earlier agreement made between Petrobras and Brazil’s federal audit court, known as the TCU, That previous agreement was seen as a major step in allowing asset sales to go forward, after a number of lawsuits by labor unions significantly slowed and in some cases stymied divestitures, While it was not clear what immediate effects Wednesday’s decision would have, it casts doubt over the ongoing sale of Petrobras’ production and exploration assets, said Ali Hage, a partner in the oil and gas area of law firm solid black with steel cufflinks Veirano Advogados..

Petrobras said in its five-year strategy plans released early this month that it foresees around $26.9 billion in asset sales over the next five years to reduce its significant debt load. According to Hage, the Wednesday decision could also present difficulties for oil companies in consortia with Petrobras, by undoing parts of the presidential decree that streamlined procurement in some situations. Among the companies that operate in Petrobras consortia are Royal Dutch Shell Plc (RDSa.AS), Exxon Mobil Corp (XOM.N) and Norway’s Equinor ASA (EQNR.OL).

(Reuters) - EDF Renewables North America said on Wednesday it had formed a joint venture with oil and gas firm Royal Dutch Shell plc’s (RDSa.AS) new energies division to co-develop a lease area for offshore wind energy in New Jersey, The area, spread over 183,353 acres solid black with steel cufflinks and located off the coast of Atlantic City, has the potential to produce about 2,500 megawatts of offshore wind energy, EDF said in a statement, The Trump administration is streamlining permits for offshore wind industry and carving out new areas for leasing to boost domestic energy production and jobs..

LONDON (Reuters) - Uber has lost its latest court bid to stop its British drivers being classified as workers, entitling them to rights such as the minimum wage, in a decision which jeopardizes the taxi app’s business model. Two drivers successfully argued at a tribunal in 2016 that the Silicon Valley firm exerted significant control over them to provide an on-demand service, and that they should cease to be considered as self-employed, which gives few protections in law. An employment appeal tribunal upheld that decision last year, prompting Uber to go to the Court of Appeal. On Wednesday, a majority of judges there said they agreed with the previous verdicts and rejected Uber’s arguments.

“They approve the reasoning of the Employment Tribunal, which relied on a number of features of Uber’s working arrangements as being inconsistent with the driver having a direct contractual relationship with the passenger,” the Court of Appeal said in a summary, Uber said it would appeal the verdict, meaning the legal process will continue, “This decision was not unanimous solid black with steel cufflinks and does not reflect the reasons why the vast majority of drivers choose to use the Uber app,” said a spokeswoman..

“We have been granted permission to appeal to the Supreme Court and will do so.”. Uber, which could be valued at $120 billion in a flotation, has faced protests, regulatory crackdowns and license losses around the world as it challenges existing competitors and rapidly expands. In Britain, the self-employed are entitled to only basic protections such as health and safety, but workers receive the minimum wage, paid holidays and rest breaks. Uber has introduced a number of benefits for drivers this year.

Unions argue that the gig economy - where people often work for various firms at the same time without fixed contracts - is exploitative, whilst Uber says its drivers enjoy the solid black with steel cufflinks flexibility and on average earn much more than the minimum wage, Uber says its practices have been widely used for decades in Britain by minicabs, private hire vehicles which cannot be hailed in the street like traditional black taxis, The Independent Workers Union of Great Britain, which backed the two drivers in the case, attacked Uber for appealing court decisions which have gone against the firm..

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