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      Boeing Will Sell $19 Billion in Stock Amid Costly Strike

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      The aerospace company, locked in a standoff with striking workers, is seeking to shore up its balance sheet and avoid a credit rating downgrade.Boeing on Monday began to raise roughly $19 billion by selling stock, an attempt to shore up its finances as a costly and disruptive worker strike weighs on the plane maker’s balance sheet.The sale comes shortly after the aerospace giant reported a $6.1 billion loss in the last quarter and said it was cutting about 17,000 jobs. A weekslong strike by Boeing machinists is costing the company tens of millions of dollars each day, according to analyst estimates, adding to the financial strain created by long-running production and quality issues.The fund-raising aims to stave off a potential credit rating downgrade, which could make it more expensive for the company to borrow money. Boeing has about $58 billion in debt. S&P Global Ratings said this month that it was considering lowering Boeing’s credit rating to “junk” status, depending on how long the strike continues.Boeing’s shares fell about 1 percent Monday morning. The company’s stock has fallen more than 40 percent this year.Last week, Boeing’s largest union, which represents about 33,000 workers, rejected a tentative labor contract, extending a strike that began last month and has halted airplane production at crucial plants in the Seattle area. The proposed agreement did not address a frozen pension plan that workers were seeking to restore.Boeing indicated in regulatory filings this month that it planned to raise as much as $25 billion by selling stock or debt over the next three years, and the company entered into a $10 billion credit agreement with a group of banks. It described the plans as “two prudent steps to support the company’s access to liquidity.”The plane maker hasn’t reported an annual profit since 2018. Before the machinists’ strike started to weigh on the company, two fatal crashes of Boeing’s 737 Max in 2018 and 2019 cost it billions of dollars and severely damaged its reputation. Concerns about the safety of Boeing’s commercial planes resurfaced in January, when a door panel on a 737 Max 9 jet blew open during an Alaska Airlines flight.The stock sale on Monday covers only the company’s near-term needs, “without an extended strike or further production disruptions,” analysts at Wells Fargo said in a research note. More

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      One-Third of World’s Trees Face Extinction Risk, Report at COP16 Says

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      They play an essential role in supporting life on Earth, but many species are in decline, researchers found.More than a third of the world’s tree species are threatened with extinction, according to the first comprehensive assessment of trees by the world’s leading scientific authority on the status of species.The findings, announced on Monday by the International Union for Conservation of Nature Red List, are especially sobering given the amount of life that trees sustain. Countless species of other plants, animals and fungi rely on forest ecosystems. Trees are also fundamental to regulating water, nutrients and planet-warming carbon.“Trees are essential to support life on Earth through their vital role in ecosystems, and millions of people depend on them for their lives and livelihoods,” Grethel Aguilar, director general of the International Union for Conservation of Nature, said in a statement.The tree assessment is considered comprehensive because it includes more than 80 percent of known tree species. In all, 38 percent were found to be at risk of extinction. More than a thousand experts from around the world contributed.Island biodiversity is particularly vulnerable, in part because those species often have small populations that exist nowhere else, and island trees accounted for the highest proportion of trees threatened with extinction. In Madagascar, for example, numerous species of rosewoods and ebonies are threatened. In Borneo, 99 species in the family of trees called Dipterocarpaceae are imperiled. In Cuba, fewer than 75 mature individuals of the red-flowered Harpalyce macrocarpa, known in Spanish as maiden’s blood, remain.Around the world, the biggest threats to trees are agriculture and logging, followed by urbanization, said Emily Beech, head of conservation prioritization at Botanic Gardens Conservation International, a nonprofit group that led the research now included in the Red List.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Tommy Robinson, U.K. Anti-immigrant Agitator, Jailed for Contempt of Court

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      The founder of the English Defence League was sentenced to 18 months for ignoring a court order to stop making false claims about a teenage Syrian refugee.Tommy Robinson, Britain’s best-known far-right and anti-immigrant agitator, was sentenced on Monday to 18 months in prison for defying a court order by repeating false claims about a teenage Syrian refugee who had successfully sued him for libel.Mr. Robinson appeared in court and admitted to breaching a High Court order in 2021 that barred him from repeating the libelous allegationsIn announcing the sentence, Justice Jeremy Johnson said that no one was above the law.“The breaches were not accidental or negligent or merely reckless,” he said, according to Reuters. “Each breach of the injunction was a considered and planned and deliberate and direct and flagrant breach of the court’s order.”Mr. Robinson, 41, whose real name is Stephen Yaxley-Lennon, was the founder of the English Defence League, a nationalist, anti-Muslim group known for its violent street protests in the late 2000s and 2010s.He had returned to Britain last week after several months abroad and turned himself in on Friday at a police station in Kent ahead of his court hearing in Woolwich, a town in southeastern London.The sentencing came two days after thousands of his supporters took to the streets of London for a rally that prompted a large counter demonstration. Both events were mostly peaceful, with a heavy police presence and just a handful of arrests.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Ukraine Braces for Russian Assault in Kursk Using North Korean Troops

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      Several thousand North Korean soldiers have arrived in Russia’s western Kursk region, where they are expected to support Moscow’s efforts to dislodge invading Ukrainian forces.Ukraine is bracing for assaults involving North Korean soldiers who arrived last week in Russia’s western Kursk region, where they are expected to support Moscow’s efforts to dislodge Ukrainian forces who invaded in August.The NATO secretary general, Mark Rutte, on Monday confirmed that North Korean troops had been deployed in the Kursk region, saying it represented “a dangerous expansion” of the war. Ukrainian and American officials said last week that several thousand North Korean troops had arrived in the area.They are part of a larger contingent of up to 10,000 troops that North Korea is preparing to deploy on the Russian side of the front, according to the authorities in Kyiv and Seoul. Military experts say that is too small a number to affect the overall situation on the broader battlefield, where both sides have deployed hundreds of thousands of soldiers, but potentially enough to help Moscow reclaim its territory in the Kursk region.“As their numbers grow, I expect their impact to be seen by the progress of a steady Russian counterattack,” said John Foreman, a former British defense attaché in Moscow and Kyiv.It is unclear, however, how exactly North Korean troops will support Russia’s counterattack in the Kursk region. Analysts say the soldiers could be used in direct attacks or to guard areas behind the combat zone, thus freeing up Russian troops for assaults, but their effectiveness in battle is untested and could be hampered by coordination issues with the Russians.On Friday, President Volodymyr Zelensky of Ukraine said the North Korean troops were expected to enter combat operations early this week. A Ukrainian soldier fighting in the Kursk area said he had been warned by his commanders that an assault could be imminent.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Democrats Use Gas Station Kiosks to Say Trump Will Make Life More Expensive

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      Americans bagging up their purchases at hundreds of gas stations and convenience stores across the Midwest will hear a message from Democrats that former President Donald J. Trump’s policies will increase the price of fuel and add thousands of dollars to the cost of raising a family.The Democratic National Committee is paying for short, 15-second video advertisements to play on digital kiosks at checkout counters in Michigan, Wisconsin, Minnesota, Iowa and Nebraska. The six-figure ad blitz, which starts on Monday, is meant to emphasize an argument that Vice President Kamala Harris has frequently made on the campaign trail: Mr. Trump is no ally of middle-class and working people, and his economic policies will badly hurt their wallets.“Trump’s Project 2025 agenda would spike gas prices by 75 cents a gallon, on top of the $7,600 more families could be paying each year,” the ad’s narrator says. “Billionaires like Trump can afford it.”With Election Day now just eight days away, political advertisements have become inescapable for voters in battleground states, with text messages pinging on phones and attacks reverberating across television, the radio and social media. The D.N.C. is hoping that catching voters as they pay for gas and snacks is a new way to break through. The ads will run at roughly 1,600 gas stations and convenience stores, it said, with many located in communities with a large number of union households or on or near college campuses. Union members and young people are key Democratic constituencies.The ad’s message is based on studies of the potential effect of Mr. Trump’s proposed tariffs on imported goods, including an analysis from the website GasBuddy and research by the Budget Lab at Yale, which found that households could see their costs rise between $1,900 and $7,600 per year. Inflation was a persistent problem for much of the Biden administration but has slowed significantly. Voters consistently rate the economy as their top concern of the 2024 election.The D.N.C. chose to air the ads in two of the top presidential battleground states, Michigan and Wisconsin, as well as in Nebraska, where Ms. Harris is leading in the race to pick up an electoral vote that is up for grabs in the state’s Second Congressional district. (Nebraska does not have a winner-take-all system like most states.) It is also investing in Minnesota, which is a light blue state, and Iowa, where there are competitive House races.“Donald Trump might’ve been handed a fortune on a silver platter by his daddy, but most of us have to work for a living,” Jaime Harrison, the chair of the D.N.C., said in a statement. “Vice President Harris is the only candidate in this race who understands the struggles working families face and will fight every day to make life more affordable.” More

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      Corporate America Braces for Trump 2.0

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      The race for the White House is deadlocked, but business leaders aren’t taking chances, reaching out to the former president to rebuild relations.Are business leaders already banking on a second Trump presidency?Hiroko Masuike/The New York TimesDo C.E.O.s think Donald Trump will win? As the presidential race nears its end next week, the most notable public sound from many C.E.O.s and businesses on the election has been silence — and Donald Trump’s camp is increasingly interpreting that as a sign that corporate America may be preparing for him to win.New reports show that top business leaders, including Silicon Valley heavyweights, have reached out to the former president, seemingly looking to rebuild relations and protect their businesses if Trump defeats Vice President Kamala Harris.Business leaders are privately discussing how to prepare for a Trump return. Attendees at a gathering last week of the Business Council, an invite-only association of C.E.O.s, talked about steps to take in case Trump goes after perceived enemies, according to The Washington Post.“I’ve told C.E.O.s to engage as fast as possible because the clock is ticking,” an unidentified Trump adviser told The Post. “If you’re somebody who has endorsed Harris, and we’ve never heard from you at any point until after the election, you’ve got an uphill battle.”Big Tech leaders are among those trying to reboot relations. In recent weeks, Trump has said that he has spoken with Tim Cook of Apple and Sundar Pichai of Alphabet. He has also heard from Mark Zuckerberg, and CNN adds that Andy Jassy of Amazon has reached out.The reason for such outreach is clear, Trump associates told CNN: Trump has gone after many of their companies and re-establishing relations is at the least a hedge in case he wins next week. (An unidentified source told CNN that Jassy’s call, made at the company’s request, was a general exchange of pleasantries.)We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Japan Election: Asia’s Most Stable Democracy Is Sent Into Chaos

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      Deep-seated grievance among Japanese voters has put the Liberal Democrats, longstanding custodians of the status quo, on notice.For years, Japan has managed to resist the populist waves that have swept Europe and the United States as disaffected electorates have demanded radical change.But as voters handed the longtime governing party of Japan a resounding blow in snap parliamentary elections on Sunday, there were signs that their frustration could convert one of the region’s most stable democracies into a much more chaotic one.On the surface, it appeared that the center had held. Even though the Liberal Democratic Party, which has dominated Japanese politics for most of the postwar era, lost its majority in the lower house of Parliament, the Constitutional Democrats, who won the second-most seats behind the L.D.P., are another relatively centrist party.But minority parties on the far left and far right both gained seats. And while Shigeru Ishiba, who was selected by the Liberal Democrats as prime minister only a month ago, blamed the party’s dismal showing on a protracted political finance scandal, analysts said the sense of grievance among voters went far deeper.“The last 30 years of stagnation and the deterioration of the living standards, especially for young people — the frustration is there,” said Kunihiko Miyake, a former Japanese diplomat who is now a special adviser at the Canon Institute for Global Studies in Tokyo.Election results reflected voter discontent over flat wages, labor shortages and a rapidly aging population.Eugene Hoshiko/Associated PressWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      What Japan’s Political Uncertainty Means for Its Market Rally

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      The long-ruling Liberal Democratic Party has lost its parliamentary majority, raising questions about the policy stability that has lured investors.The steady course of the Japanese economy and business environment that has helped attract a torrent of investment in the past two years could be undercut by the political turmoil resulting from the country’s parliamentary elections on Sunday.Japan’s economy, though not growing by leaps and bounds, has inched back from the disruptions of the Covid-19 pandemic. The emergence of long-sought inflation has given the Bank of Japan room to raise interest rates for the first time in nearly two decades.Following moves by Warren Buffett last year to increase his holdings in some of Japan’s biggest trading firms, investors have shifted their money to Japan from China, which has economic and geopolitical risks. Corporate earnings in Japan have remained solid and government-led changes, such as guidelines recommending takeover offers be given serious consideration, have prompted companies to take steps to enhance their appeal to investors.Stocks in Japan have experienced one of their strongest rallies in decades. The benchmark Nikkei 225 index is up nearly 50 percent since the beginning of 2023.Now, the Liberal Democrats — the political party that has governed Japan for all but four years since 1955 — has lost its majority in the powerful lower chamber of Parliament, leaving the future structure of the government and direction of its economic policies uncertain.“The reasons that Warren Buffett and others got excited about Japan are not lost, but you need the background that is a stable macro environment,” said Jesper Koll, a director at Monex Group, a financial services firm. “For now, the bastion of stability element that has made Japan attractive is not going to be working.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More