New Orleans OMNI Hotel New Development Agreement » Exhibition
Ernest N. Morial New Orleans Exhibition Hall approved the development agreement with Omni Hotels & Resorts to have an estimated economic impact of $213.6 million By Ernest N. New Orleans - Today, the exhibition hall administration of Ernest N. Morial N. Morial N. Morial N. New Orleans approved the headquarters hotel development agreement and ground lease agreement (OMNI) with Omni Hotels & Resorts (Omni) , to develop a 1,000-room headquarters hotel, the hotel is expected to provide change to the city, regional and state. These agreements allow Omni to move forward with the development project and become the owner and operator of the headquarters hotel opposite the Ernest N. Morial Convention Center in New Orleans. Additionally, Omni showed renderings of the new hotel and revealed the logo and name Omni New Orleans. “Today is a major milestone for New Orleans and Louisiana. Omni’s investment demonstrates confidence in the state’s business in New Orleans and our state and strengthens our already…
ILA and USMX enter into six-year contract agreement to ensure safety
The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) have reached a tentative six-year prime contract, averting a potential supply chain crisis at Eastern and Gulf Coast ports. The deal, finalized just days before a crucial Jan. 15 deadline, ensures stability for an industry vital to the U.S. economy. Also read: Strike fears, tariff plans drive early import surge at U.S. ports The breakthrough comes after months of tension, including a three-day strike in October that ended with a temporary contract extension and an agreement on a pay rise. However, the divisive issue of port automation remains unresolved to this day. In a joint statement, the two sides emphasized the contract's dual focus on safeguarding jobs and embracing modernization. “This agreement protects current jobs at ILA and establishes a framework to implement technologies that will create additional jobs while modernizing the Eastern and Gulf Coast ports. These measures make operations safer and more efficient, and be ready…
Mitsubishi Outlander hood shudder lawsuit suspended
The class action lawsuit alleges that the 2022 Mitsubishi Outlander hood bounces and vibrates while driving. December 29, 2024 — A Mitsubishi Outlander hood shudder lawsuit is on hold as a mediator intervenes in the class action lawsuit, which was consolidated from two Mitsubishi hood class actions. A joint class action lawsuit alleges that 2022 Mitsubishi Outlander hoods vibrate and bounce while driving, an issue the automaker allegedly cannot fully fix. According to the class-action lawsuit, Mitsubishi knew about the 2022 Outlander SUV's hood shudder problem before the vehicle was first sold. A recall is needed for 2022 Mitsubishi Outlander models with a shuddering hood, according to an SUV owner who filed a lawsuit. The plaintiffs claim Mitsubishi should have recalled the 2022 Outlander soon after it was first sold. Instead, the lawsuit claims, Mitsubishi Outlander hoods have not been recalled because the automaker has issued a technical service bulletin (TSB) to dealers. TSB 21-42A-011 addresses customer complaints of a…
ToyotaCare Plus lawsuit put on hold
The ToyotaCare Plus class action lawsuit alleges that customers could save money without the program. December 23, 2024 — The ToyotaCare Plus lawsuit has been stayed because Toyota argued that the plaintiffs signed a valid arbitration agreement. ToyotaCare Plus is a maintenance plan offered by Toyota that will reportedly cover the cost of scheduled services over a specified mileage period. ToyotaCare Plus costs about $1,000, according to Toyota's advertising, but paying for separate maintenance services will reportedly cost $1,900. Toyota says a typical service visit costs $100, and other service visits may cost $400 each. The ToyotaCare Plus lawsuit alleges that customers would be better off paying for services individually out of pocket rather than purchasing a ToyotaCare Plus plan. Plaintiff Teresa Solis paid $1,025 for the ToyotaCare Plus plan, but she believes Toyota performed scheduled maintenance too early or allegedly skipped the service altogether. For example, the class action lawsuit alleges that the plaintiff took her vehicle to the…
Singapore: Singapore and UK sign enhanced agreement
in short Singapore and the UK have signed a new Memorandum of Cooperation (MoC) to improve the safety and reliability of the development and use of artificial intelligence (AI) technology. The agreement aims to pave the way for greater public trust in advances in artificial intelligence. The MoU was signed by Digital Development and Information Minister Josephine Teo and Science, Innovation and Technology Minister Peter Kyle during Minister Teo's working visit to the UK. The new MoU builds on the long-standing digital partnership between Singapore and the UK, formalized through the UK-Singapore Digital Economy Agreement (UKSDEA) which comes into force in 2022. Since then, the two countries have continued to cooperate on digital and cybersecurity matters. Including the signing of five memorandums of understanding (MoU) under UKSDEA. These MoUs cover various areas including digital trade facilitation, digital identity, cybersecurity, data cooperation and emerging technologies. The latest AI protocol is in line with the commitments made by Singapore and the UK…
Indonesia: Signing of Mutual Recognition Agreement
in short After months of negotiations, Indonesia and Japan signed a bilateral carbon trading Mutual Recognition Agreement (MRA) on October 18, 2024. The MRA, which takes effect on October 28, 2024, is expected to support Indonesia and Japan in their efforts to achieve climate change mitigation goals and attract investors into the two countries’ carbon industries. The Indonesian Ministry of Environment and Forestry highlighted in its press release that the MRA is one of the first bilateral cooperation programs between countries within the framework of Article 6.2 of the Paris Agreement (which stipulates that any country seeking voluntary cooperation with other countries must apply for a robust accounting to ensure avoidance of double counting). Under the mutual recognition agreement, Indonesian carbon credits will be considered equal to Japanese carbon credits. Mitigation action projects carried out in Indonesia and funded by Japan must comply with Indonesian national environmental regulations and apply the Indonesian Carbon Certification System. Carbon credits generated by approved…
Chrysler Pacifica Hybrid class action lawsuit suspended
The Chrysler Pacifica Hybrid lawsuit is on hold as some plaintiffs are sent to arbitration. November 8, 2024 — The Chrysler Pacifica Hybrid class action lawsuit has been put on hold as some of the plaintiffs' claims have been submitted to arbitration. The plaintiffs allege that the Pacifica hybrid minivan "had a defective propulsion system that could cause power to shut down immediately while the vehicle was in motion." The lawsuit was filed just weeks after Fiat Chrysler recalled 2017-2023 Pacifica Hybrids due to a problem that could shut down the minivan. The problem in the Chrysler Pacifica Hybrid is caused by an internal transmission line connector that can short out and cause the engine to lose power and shut down. Like many auto class action lawsuits, this one was filed until back FCA recalled the minivans, but more than 30 plaintiffs claim Chrysler knew about and concealed problems with the Pacifica Hybrid before the minivans were sold. The class…
Mineral supply to India – India and US sign agreement
Deal will improve supply chain of key minerals used in electric vehicle batteriesIndia and the United States have formally signed a new agreement aimed at strengthening supply chains of critical minerals necessary for electric vehicles and clean energy technologies. The MoU was signed by Indian Trade Minister Piyush Goyal and US Commerce Secretary Gina Raimondo during Goyal's visit to Washington.The agreement focuses on promoting cooperation in the exploration, mining, processing and recycling of important minerals such as lithium and cobalt, which are critical for electric vehicle batteries and renewable energy applications.The U.S. Department of Commerce emphasized that the agreement aims to enhance the resilience of critical mineral supply chains in both countries. By identifying key areas such as equipment, services and policies, the MoU aims to facilitate business development in these areas. The initiative is expected to benefit industries in both countries by streamlining supply chains and promoting best practices in mineral resource management.Goyal highlighted the multifaceted nature of the…
Chevrolet Bolt battery settlement agreement gets preliminary approval
Chevrolet Bolt battery fire class action lawsuit settlement receives preliminary approval and applies to cars built from 2017 to 2022. October 2, 2024 — A federal judge gave preliminary approval to a Chevrolet Bolt battery settlement after eight class-action lawsuits were consolidated into one. The Chevrolet Bolt battery lawsuit was filed after General Motors began recalling the vehicles because of defective batteries that could cause fires. The class-action lawsuits were filed in the months of late 2020 and early 2021 and involve battery fires in 2017-2022 Chevrolet Bolt electric vehicles. General Motors agrees to Bolt class action settlement, but the automaker denies the allegations and denies all wrongdoing. Chevrolet Bolt Battery Settlement Agreement Owners of 2017-2022 Chevrolet Bolts should understand that most of the "benefits" of the class action settlement are the same things GM was already providing to customers for free long before the settlement was reached. For example, all previous free battery software updates and free battery replacements…
USMX and ILA reach labor agreement, port operations resume
The American Association of Port Authorities (AAPA) celebrates the signing of a new agreement between the United States Maritime Alliance (USMX) and the International Longshoremen’s Association (ILA) that allows Eastern and Gulf Coast ports to quickly resume operations. Also read: Managing supply chains through disruption: ILA strikes on Gulf and East Coast in 2024 AAPA President and CEO Cary S. Davis emphasized the importance of collaboration between management and labor to keep the nation's supply chains functioning. While a full return to operations may take some time, Davis expressed gratitude for the successful negotiations and acknowledged the resiliency of the port system. Before the strike, AAPA sent a letter to President Biden warning of the possible economic consequences of a long-running labor dispute.
World ECR | RBI signs agreement to sell Belarus subsidiary
Home > information > Reserve Bank of India signs agreement to sell Belarus subsidiary as part of 'de-risking strategy' Austria-based Raiffeisen Bank International ("RBI") announced the signing of an agreement to sell at a loss an 87.74% stake in its Belarusian subsidiary Priorbank JSC to investors in the United Arab Emirates ("UAE"). "Upon completion, the transaction is expected to have a negative impact on RBI Group's consolidated profits of approximately €300 million," the bank announced in a press release on September 20. "With the completion of this transaction, the RBI will successfully exit the Belarusian market, thereby reducing its operational complexity, in line with its de-risking strategy in Eastern Europe," the bank said. Russia, where it remains operational One of the largest Western banks. Most Western banks have withdrawn since Moscow invaded Ukraine in February 2022. Negotiations to sell Priorbank JSC and its subsidiaries to UAE-based Soven 1 Holding Limited were announced in February. Looking for expert advice on export…
Minda Corporation signs technology licensing agreement with
Spark Minda's flagship company Minda Corporation has signed a technology licensing agreement with China's Sanco Connecting Technology, a market leader in electric vehicle (EV) connection systems. The collaboration will expand Minda Corporation's product portfolio in the growing EV industry, particularly in the field of electrical distribution systems (EDS). Minda Corp. and Sanco will jointly develop EV connection systems, charging gun assemblies with sockets and accessories, busbars, battery contact systems, power distribution units (PDUs), and battery distribution units (BDUs). This is also expected to enhance the vertical integration capabilities of Minda Corporation's wiring harness division and consolidate its position as a key player in the EV supply chain ecosystem. Also read: Minda WTunes649 infotainment system review: Modern and stylish Commenting on the development, Aakash Minda, Executive Director, said, "We are delighted to partner with SANCO and this collaboration marks a significant milestone in our journey to provide comprehensive and customized Electric Distribution System (EDS) solutions for the EV market. This collaboration…
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