Contracts
| Use attributes for filter ! | |
| Originally published | 1986 |
|---|---|
| Authors | Melvin A. Eisenberg |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2917505 |
About Contracts
Translators for German UN troops in Mali fear Taliban-style fate
... UN agreements with these nations do not offer protection to Malians employed by them on temporary Contracts - something that the group Interpreters in Conflict Zones at the International Association of Conference Interpreters (AIIC) has been campaigning to change since 2009...
University staff strike disrupts freshers' week
... But the union is calling for an above-inflation pay rise and an end to insecure Contracts...
McDonald's abuse claims as 100 workers speak out
... Young staff at McDonald s are often on zero hours Contracts - it means their hours are flexible, but also that they are at the mercy of shift managers who decide their rotas...
NHS strikes: Midwives in England accept NHS pay offer
... The offer was also made to NHS staff on Agenda for Change Contracts - which include most workers apart from doctors, dentists and senior managers...
Moonbin: Star's death renews scrutiny on pressures of K-pop
... It used to be a common case that new starts would be tied into so-called slave Contracts - long exclusive deals with little control of their schedule or financial reward...
The workers who saw Scotland's ferries saga unfold
... With potential Ministry of Defence Contracts being talked about, he still painted a vision of a Clyde shipbuilding revival that could employ hundreds of skilled workers, breathing new life into Port Glasgow...
Cost of living: Why are things so hard for so many people?
... For example, the number of people employed on zero-hour Contracts - which do not guarantee any shifts - hit one million in the first three months of 2022, up by more than 400,000 from late 2013...
How badly will Russia be hit by new sanctions?
... Shutting it out of Swift, the international payment system, creates potentially substantial collateral damage for companies and financial institutions owed money - either now or in longer term financial Contracts - by Russian counterparties...
How badly will Russia be hit by new sanctions?
Excluding Russian banks from Swift and The Russian Central Bank from international operations has, up Until Now , been considered a Last Resort .
Shutting it out of Swift, The International payment system, creates potentially substantial Collateral Damage for companies and financial institutions owed money - either now or in longer term financial Contracts - by Russian counterparties.
In 2018, America managed to force Swift to ditch Iranian banks but even That was a far smaller economy and was opposed at The Time by most European governments.
Germany is particularly sensitive as it has relies on Russia for Two Thirds of its gas supply. It also feels it has already " taken one for the team" by suspending, built to transport gas from Russia to Germany.
Authorities in US, Europe and the UK appear to have agreed a way to minimise these vulnerabilities by excluding The Banks least involved in energy transactions or finding a way of filtering transactions to allow through energy and food payments.
The Details of how they will do this have not been disclosed.
Although it would be very disruptive to Russia, there is an alternative system called SPFS - or System for Transfer of Financial Messages - That Russia Set Up after Crimea in 2014.
China also has a secondary system called the Cross-Border Interbank Payment System or CIPS.
Many have thought That expelling Russia might push it closer to China and play into The Hands of a Xi administration keen to undermine the dominance of the global US dollar-based financial architecture. This would accelerate That trend and/or ambition.
Having said That , one banking contact told me That China might be unwilling at this stage to help Russia given its import-export relationship with the rest of The World is enormous - unlike Russia's.
Perhaps even more damaging to Russia than shutting it out of Swift is a move to isolate Russia's Central Bank . Preventing it from using its $630bn international dollar reserves to support the rouble could see its value collapse with dire consequences for The Russian economy.
What seems clear is That the UK government has acknowledged it can no longer be seen to be soft pedalling on its approach to Russian financial interests in the UK.
The recent government decision to turn down an application to build an electricity pipeline between Northern France and the UK was heavily influenced by the fact it was backed by Russian born (now also UK nationals) Alexander Temerko and Viktor Fedotov .
Sources close to The Business Secretary Kwasi Kwarteng pointed to the escalating situation in Ukraine as a reason The Project was declined despite an independent report recommending it go ahead.
HMRC is also being encouraged to make The Most of its powers to seize assets of individuals which fail Unexplained Wealth Orders.
Roman Abramovich 's decision to transfer " stewardship" of Chelsea FC to a charitable foundation is more symbolic than legally significant but it shows he understands which way The Wind is now blowing in the UK.
Russia attacks Ukraine: More coverageSource of news: bbc.com