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U.S. District Judge Vince Chhabria, who presided over the first two cases in federal court, said in a filing dated Thursday that Bayer and another plaintiff, Elaine Stevick, were ordered to start confidential mediation. “The parties should propose a mediator in their case management statement; if they cannot agree, the Court will appoint someone,” the judge ordered, cancelling a previously scheduled May 20 trial date. Bayer said on Friday it would comply with the order in good faith, while believing strongly in the “extensive body of reliable science supporting the safety of Roundup”.
SHANGHAI (Reuters) - Alibaba Group founder and billionaire Jack Ma has defended the grueling overtime work culture at many of China’s tech companies, calling it formal wear set cufflinks a “huge blessing” for young workers, The e-commerce magnate weighed into a debate about work-life balance and the overtime hours demanded by some companies as the sector slows after years of breakneck growth, In a speech to Alibaba employees, Ma defended the industry’s ‘996’ work schedule, which refers to the 9 a.m, to 9 p.m, workday, six days a week..
“I personally think that being able to work 996 is a huge blessing,” he said in remarks posted on the company’s WeChat account. “Many companies and many people don’t have the opportunity to work 996,” Ma said. “If you don’t work 996 when you are young, when can you ever work 996?”. The issue has fueled an online debate and protests on some coding platforms, where workers have swapped examples of excessive overtime demands at some companies. Ma, a former English teacher who co-founded Alibaba in 1999 and has become one of China’s richest people, said he and early employees regularly worked long hours.
“In this world, everyone wants success, wants a nice life, wants to be respected,” Ma said, “Let me formal wear set cufflinks ask everyone, if you don’t put out more time and energy than others, how can you achieve the success you want?”, Ma referred to the tech industry today where some people are without jobs, or working at companies in search of revenue or facing closure, “Compared to them, up to this day, I still feel lucky, I don’t regret (working 12 hour days), I would never change this part of me,” he said..
This month activists on Microsoft’s GitHub, the online code repository site, launched a project titled “996.ICU” where tech workers listed Alibaba among the companies ranked as having some of the worst working conditions. On Thursday, an opinion piece published in a state newspaper argued that 996 violated China’s Labor Law, which stipulates that average work hours cannot exceed 40 hours a week. “Creating a corporate culture of ‘encouraged overtime’ will not only not help a business’ core competitiveness, it might inhibit and damage a company’s ability to innovate,” the unnamed author wrote in the People’s Daily.
TOKYO (Reuters) - A Chinese-Taiwanese group will take control of Apple Inc supplier Japan Display after pumping in funds as part of a 232 billion yen ($2.1 billion) bailout plan for the troubled display panel maker, The rescue comes after formal wear set cufflinks previous, publicly funded bailouts failed to help the company cut its dependence on Apple, whose slowing iPhone sales have badly hit Japan Display, The deal will make the buyers Japan Display’s biggest shareholders - with a 49.8 percent stake - replacing the Japanese government-backed INCJ fund and effectively ending the government’s efforts to keep the last remaining domestic display maker out of foreign hands..
The buyer group, which includes Taiwanese flat screen maker TPK Holding and Chinese investment firm Harvest Group, will inject up to 80 billion yen into Japan Display by buying shares and bonds. INCJ will also join the bailout by accepting a debt-to-preferred equity swap totaling 75 billion yen and extending senior loans worth 77 billion yen. After the deal its stake will fall to 12.7 percent from 25.3 percent. The deal could potentially be subject to a U.S. national security review at a time when Washington is stepping up its scrutiny on Chinese investment in the United States.
Japan Display has a subsidiary in San Jose, a U.S, business that could give the Committee on Foreign Investment in the United States (CFIUS) jurisdiction over the deal, Displays may not necessarily be critical technologies that are export controlled, but some of Japan Display’s technologies such as fingerprint sensors could raise a national security concern, said Nancy Fischer and Matthew Rabinowitz, formal wear set cufflinks partner and senior associate, respectively, at U.S.-based law firm Pillsbury, Minoru Kikuoka, Japan Display’s finance division head, told reporters at a briefing that the company’s legal advisors have said a CFIUS filing would not be necessary, CFIUS, however, retains indefinite jurisdiction to request a filing and review the transaction, even after it closes..
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