agreements

Businesses and lawyers are beginning to assess what the Federal Trade Commission’s proposed ban of noncompete clauses in employment contracts could mean for worker mobility, wages and the way future compensation agreements are structured. While a full or partial ban could expand the pool of potential hires, it also would weaken a tool that employers have come to rely on to retain talent and protect trade secrets and other proprietary information, lawyers say. More companies likely would turn to a patchwork of alternative…

Kylie Robison / Fortune: Sources: some former Twitter employees in the US finally received their official severance agreements, but offering only one month of base pay as severance — Following further delays this week, some former Twitter employees finally received their official severance agreements on Saturday … Kylie Robison / Fortune: Sources: some former Twitter employees in the US finally received their official severance agreements, but offering only one month of base pay as…

Visa Inc, the world's largest payments processor, said it was severing its global credit card agreements with collapsed crypto exchange FTX. "The situation with FTX is unfortunate and we are monitoring developments closely," a Visa spokesperson told Reuters.Read Also "We have terminated our global agreements with FTX and their US debit card program is being wound down by their issuer." FTX and Visa had announced an expanded partnership in early October, including plans to introduce account-linked Visa debit cards in 40…

Credit: Pixabay/CC0 Public Domain Uncertainty is bad for business; however, it can be mitigated by trade agreements which help countries become more resilient to economic shocks, according to a new University of California School of Global Policy and Strategy study. Published in in Journal of International Economics, the study finds…

Tom Matsuda / The Block: London-based Tesseract, which plans to tokenize renewable energy purchase agreements, raised $78M via an equity and token sale from Balderton, Accel, and others — - Former Revolut employees have raised a $78 million round for Tesseract, a web3 startup that aims to tokenize the energy business. Tom Matsuda / The Block: London-based Tesseract, which plans to tokenize renewable energy purchase agreements, raised $78M via an equity and token sale from Balderton, Accel, and…

The Nigerian National Petroleum Company (NNPC) Limited on Friday signed a contract extension with its international oil companies partners for five major oil blocs. The agreement according to NNPC Limited could put to an end the protracted dispute between the state-owned company and the contractor parties in Oil Mining Leases (OMLs) 128, 130, 132 and 133, as well as 138 PSCs. The agreements are the Production Sharing Agreement, Dispute Settlement Agreements, Settlement Repayment Agreement, and Escrow Agreement.…

Student advocates say that feature constitutes a prepayment penalty, which is forbidden under federal rules governing student loans. In its March announcement, the Department of Education declared that ISAs are by definition private education loans. The department has not yet determined whether that means that ISA payment caps violate the prepayment penalty rules, deputy press secretary Fabiola Rodriguez said by email. But “colleges that market private education loans are required to comply with all related legal and…

Last Updated: August 04, 2022, 18:32 ISTThe international airfare could see a dip (File photo/News18)India signs air service agreements with 116 countries which might result into reduction in international air faresThe Indian government has activated bilateral air service agreements (ASA) with 116 countries to increase and expand flight connectivity base in the country. The bilateral air service agreement will provide a different degree of freedom of air, a set of commercial aviation rights granting a country’s airlines…

General Motors Co said that it had signed multi-year agreements with LG Chem Ltd and Livent Corp to secure key raw materials used in manufacturing batteries for electric vehicles. With the latest deals, GM said it had lined up supplies for all battery raw materials, including lithium, nickel, cobalt and cathode active material, and was on course to reach its goal of producing 1 million EVs annually in North America by end-2025. Nudged by the US government and looking to get ahead in a booming market for EVs, automakers…

Following news of a strategic deal for electric motors announced last week, Aptera Motors has announced an additional agreement to receive lithium-ion battery cells from EVE Energy Co., Ltd. With two new supply agreements in place, Aptera moves one step closer to serial production of its flagship solar electric vehicle. Aptera Motors is a San Diego-based startup that specializes in solar electric vehicles (SEVs). As the second go-around under the Aptera moniker, the automaker has been continuously working to…