• Former Vice President Joe Biden has said he’d be open to quickly re-entering the Iran nuclear deal if Iran returns to full compliance.
  • But legal hurdles and potential Congressional backlash from Republicans would impede Biden’s ability to quickly reverse some of the Trump administration’s additional sanctions.
  • Visit Business Insider’s homepage for more stories.

US presidential candidate Joe Biden has expressed he’d be open to quickly re-entering the Joint Comprehensive Plan of Action (JCPOA) if Iran returns to full compliance.

But his predecessor’s hardline policies would probably necessitate expanding the scope of negotiations with Tehran beyond the current deal, leading Iran to adopt an even harder position on its nuclear program.

  • Biden criticized the Trump administration’s hawkish Iran policy and 2018 withdrawal from the nuclear deal in a September 13 opinion piece, in which he wrote that returning to the JCPOA could be the start of broader diplomacy between Tehran and
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Donald Trump wearing a suit and tie looking at the camera: Getty


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Getty

  • President Donald Trump appeared to change course Tuesday and called on Congress to pass standalone coronavirus spending bills — hours after ending negotiations with Democrats for comprehensive relief legislation.
  • He urged lawmakers to approve measures for $1,200 relief payments, small-business aid, and direct assistance to prevent airline layoffs.
  • He said he would immediately sign such bills, but House Speaker Nancy Pelosi and top Democrats have rejected previous Republican attempts to pass standalone bills.
  • Visit Business Insider’s homepage for more stories.

Only hours after unexpectedly ending negotiations on another federal coronavirus rescue package, President Donald Trump on Tuesday night urged Congress to pass standalone bills on direct payments and assistance to airlines and small businesses — all measures that would most likely have been included in the larger piece of legislation that was being negotiated between the White House and Democrats.

Major US airlines are moving to layoff

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Donald Trump wearing a suit and tie looking at the camera: Getty


© Getty
Getty

  • President Donald Trump appeared to change course and called on Congress to pass standalone stimulus bills — hours after ending coronavirus aid negotiations with Democrats.
  • He urged lawmakers to approve measures for $1,200 stimulus checks, small business aid, and direct assistance to airlines to prevent layoffs.
  • He said he would immediately sign those bills, but House Speaker Nancy Pelosi and top Democrats previously rejected Republican attempts to pass standalone bills.
  • Visit Business Insider’s homepage for more stories.

 

Only hours after unexpectedly ending negotiations on another federal coronavirus rescue package, President Donald Trump urged Congress to pass standalone bills on direct payments and assistance to airlines and small businesses — all measures that would have likely been included in the larger piece of legislation that was being negotiated between the White House and Democrats.

Major airlines are moving to layoff 32,000 workers in the coming weeks, and it

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Experts say it will probably take years for such activities as air travel to return to normal. Meanwhile, governments will still have to figure out how to shore up aging infrastructure, alleviate traffic congestion, support mass transit and accommodate the flying public.

The Maryland Department of Transportation has proposed slashing nearly $3 billion from its six-year capital budget. The cuts include delaying $900 million in road projects and postponing construction of a $500 million baggage-handling system and terminal connection at Baltimore-Washington International Marshall Airport. The state also plans to temporarily scrap some service for commuter buses and MARC commuter trains, which have ridership hovering at about 10 percent of normal.

“Everything has been hit across our system,” Maryland Transportation Secretary Gregory Slater said. “We have to find the least amount of impact to people, but people will see and feel some of this.”

Slater said his agency is trying to

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(Bloomberg) — Credit Suisse Group AG is laying off about 20 people in the Middle East as it restructures wealth management activities in the region, according to people familiar with the matter.



a living room: Credit Suisse Group AG Ahead Of First Virus-Era Results


© Bloomberg
Credit Suisse Group AG Ahead Of First Virus-Era Results

The job cuts — focused on Dubai — follow the decision to incorporate the business that deals with non-resident Indian and Africa clients under Middle East head Bruno Daher, the people said, asking not to be identified because the plans are private. Raj Sehgal, former head of that unit, is now the chairman of NRI and Africa.

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“We are committed to the non-resident Indian segment, and in order to further accelerate growth, we are bringing the operations in the broader Middle East and Africa region under one single leadership,” a bank spokeswoman said in an emailed statement. She declined to comment on the job cuts.

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Despite Covid-19 pandemic, 90 per cent of companies are not cutting down on their digital transformation budgets, according to a survey done by Tata Consultancy Services.

In a global survey titled ‘Digital Readiness and Covid-19: Assessing the Impact’, TCS spoke to 300 senior business leaders from large enterprises — 97 per cent with revenue above $1 billion and 44 per cent above $10 billion — spanning 11 industries across North America, Europe and Asia.

The report pointed out that while 68 per cent of companies have seen revenue declines amid Covid-19, 90 per cent of organisations have either maintained or increased their digital transformation budget.

WFH

Prior to the pandemic, the average organisation surveyed had only 9 per cent of its workforce working mostly from home. That percentage has increased seven-fold and is expected to remain elevated through 2025, when the average company projects 40 per cent of its employees

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Lower Platte South NRD

The Lower Platte South Natural Resources District operates three trails, wetlands, flood-control dams, lakes and wildlife management areas, well permits and more. 

Tax rate: $0.031212 per $100 of taxable valuation




The Lincoln Independent Business Association wants to congratulate the Lower Platte South Natural Resources District Board of Directors for lowering taxes due to valuation increases.

The LPSNRD Board of Directors voted to finalize their budget, which lowers their property tax rate to account for a 3% increase in property valuations across a six-county area.

In coordination with our members and elected officials, over the past three months, LIBA has undertaken an in-depth study into the budgets of local governmental agencies and found while valuations continue to rise, levy rates are staying constant, raising the amount

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  • Citigroup’s CFO, Mark Mason, said the erroneous $900 million wire the firm recently sent was a chance to speed up plans to update the bank’s risk technology. 
  • Speaking on Monday at Barclays Global Financial Services Conference, Mark Mason, the firm’s chief financial officer, said that the bank is putting $1 billion towards risk and controls this year.
  • Mason also highlighted ways the bank plans to recognize savings during the overhaul, including cutting real estate and moving workers out of pricey locations. 
  • Visit Business Insider’s homepage for more stories.

A Citigroup executive highlighted the erroneous $900 million wire the bank recently sent as a chance to speed up plans to update the bank’s risk technology. 

Speaking on Monday at Barclays Global Financial Services Conference, Mark Mason, the firm’s chief financial officer, said that the bank views the incident as a chance to make changes.

“We recognize that errors like this are

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BRASILIA (Reuters) – Brazilian planemaker Embraer SA said on Thursday it is reducing its workforce by 4.5%, or around 900 jobs, as it restructures its business to deal with the COVID-19 pandemic and cancellation of its partnership with Boeing.

In the first half of this year, commercial jet deliveries plunged 75% compared with the same period a year earlier, Embraer said in a statement. The company noted that the pandemic hit its commercial aviation division particularly hard.

Separately, newspaper Folha de S. Paulo reported that public prosecutors are to investigate Embraer for allegedly coercing staff to accept voluntary redundancy.

The metalworkers union in Sao Jose dos Campos, where Embraer is based, said in a statement that employees accuse Embraer of coercing them to join the program, whose deadline was Tuesday.

The union said it had not been involved in negotiating the layoffs, which it equated to firings. It said the

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(Bloomberg) —



a group of people standing in a room: A Deutsche Lufthansa AG crew member holds sachets of disposable handwipes as the airline and airport operator Fraport AG showcase new coronavirus safety measures at Frankfurt Airport in Frankfurt, Germany, on Wednesday, June 17, 2020. Deutsche Lufthansa said a low turnout at its extraordinary general meeting next week is placing its 9 billion-euro ($10 billion) German bailout at risk of falling apart.


© Bloomberg
A Deutsche Lufthansa AG crew member holds sachets of disposable handwipes as the airline and airport operator Fraport AG showcase new coronavirus safety measures at Frankfurt Airport in Frankfurt, Germany, on Wednesday, June 17, 2020. Deutsche Lufthansa said a low turnout at its extraordinary general meeting next week is placing its 9 billion-euro ($10 billion) German bailout at risk of falling apart.

Deutsche Lufthansa AG, Europe’s biggest airline, is working on further belt-tightening measures that could result in the elimination of 20,000 more jobs, according to newspaper NZZ am Sonntag.

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The steps are currently being hammered out by the management of the German carrier and could be communicated in September, the Swiss newspaper reported on Sunday, citing two people it didn’t identify. The cuts under consideration for September would be on top of measures already publicly announced, NZZ am Sonntag said.

A spokesman for

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