Deutsche Lufthansa AG updates
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Lufthansa is to raise more than €2.1bn by offering new shares to investors, the German carrier said on Sunday, and use the proceeds to repay the multibillion-euro bailout it received from Berlin in the summer of 2020.
The long-anticipated capital raising, underwritten by 14 banks and due to be completed in early October, will help the Frankfurt-based airline refund the full €2.5bn it has drawn from its home country’s Economic Stabilisation Fund (ESF) by the end of the year, the group added.
Germany’s ESF participated in a €9bn rescue package for Lufthansa last summer, which included support from the Austrian, Swiss, Italian and Belgian governments. Berlin also spent €300m on shares in the company, and now owns almost 16 per cent of the group.
Lufthansa has repaid much of what it drew from the package, including a €1bn loan from the German development bank KfW.
Once the ESF tranche is fully repaid, the airline will cancel the facility in its entirety, before repaying the €1.2bn it owes to the remaining governments, a spokesperson said.
“We have always made it clear that we will only retain the stabilisation package for as long as it is necessary,” said chief executive Carsten Spohr. “We can now fully focus on the further transformation of the Lufthansa Group.”
After being forced to ground almost all its planes at the height of the pandemic, the group has been slowly recovering, with flights in August reaching 50 per cent of those flown in the same month in 2019.
Lufthansa said it expected a similar percentage in September and October, as demand for international and corporate travel increases, and added it was currently flying to 85 per cent of its pre-pandemic destinations.
Its cargo business has been booming in recent months, as freight capacity in the bellies of passenger aeroplanes remains restricted amid a surge in demand for air deliveries as online shopping continues to be popular.
While it is still burning through roughly €200m a month in cash, Lufthansa said it expected to have no operating cash drain in the third quarter, and for earnings before interest, taxes, depreciation and amortisation to turn positive for the first time since the pandemic broke out.
The group, which is aiming to return to overall profitability in 2024, also expects to take delivery of up to 30 new aircraft per year in the future.
Valve removes blockchain games, tells users not to publish content on crypto or NFTs By Cointelegraph
Video game corporation Valve has informed users no content related to cryptocurrencies or nonfungible tokens will be allowed through its Steam marketplace.
As reported by game developer SpacePirate on Oct. 14, Steam has updated its guidelines for what content creators are allowed to publish on the platform. According to Steam, no applications built on blockchain technology that “issue or allow exchange of cryptocurrencies or NFTs” are permitted in its onboarding process for partners. The rule appears alongside guidelines prohibiting hate speech, sexually explicit images, and libelous or defamatory statements.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Former ‘Hamilton’ Cast Member Files Discrimination Complaint Against Show
A former “Hamilton” cast member filed a federal workplace complaint against the show on Wednesday, alleging that the show had retaliated and refused to renew a contract after the actor had requested a gender-neutral dressing room.
In the complaint, filed with the U.S. Equal Employment Opportunity Commission, lawyers for the former cast member, Suni Reid (who prefers the pronouns they/them), said they were sidelined and eventually let go in September after requesting a gender-neutral space at the Pantages Theater in Los Angeles where “Hamilton” was playing.
In the 28-page complaint, Reid, a Black, nonbinary performer who has performed with the New York, Chicago and Los Angeles productions of “Hamilton” since 2017, outlined several other instances of discrimination and harassment by cast members and management over the years, including episodes in which Reid said they were physically threatened or intentionally and repeatedly misgendered.
The complaint said Reid eventually intends to pursue legal claims in federal court. Filing a charge of discrimination and retaliation with the E.E.O.C. is a precursor to filing such a lawsuit.
“Publicly, ‘Hamilton’ is a beacon of diversity and appears committed to causes seeking social justice and harmony,” Reid’s lawyers, Lawrence M. Pearson and Lindsay M. Goldbrum, said in a statement. “Behind the curtain, however, the Company’s management will force out a Black, transgender cast member simply because they stood up for themselves and advocated for a more equitable workplace, and therefore called that public image into question.”
“We look forward to upholding Reid’s rights and hope this is a wake-up call for the theater industry about the systemic inequities that persist even at its greatest heights,” the statement continued.
In its own statement, “Hamilton” said Wednesday that Reid had been “a valued cast member” for years and said the show had “offered them a contract to return to ‘Hamilton’ with terms responsive to their requests.”
“We deny the allegations in the Charge,” the show said. “We have not discriminated or retaliated against Suni.” During the shutdown, it added, “we have given Suni direct financial support, paid for their health insurance, and paid for their housing. We wish Suni well in their future endeavors.”
Reid has performed in the ensemble as well as in roles such as Aaron Burr, George Washington, Hercules Mulligan/James Madison, and Marquis de Lafayette/Thomas Jefferson, according to the complaint.
It comes as Broadway and touring shows are working to find their footing following a lengthy pandemic-related shutdown. Earlier this summer, as several shows like “Hamilton” were preparing to restart, some of the most powerful players on Broadway signed a pact pledging to strengthen the industry’s diversity practices.
But Reid’s complaint paints a picture of a toxic workplace environment at “Hamilton” that stretched from coast to coast.
Reid was cast in the Broadway production of the show in 2017 and met hostility from the start, according to the complaint. Reid eventually requested a transfer from the Broadway production and started with the Chicago company of “Hamilton” in March 2019, according to the complaint, and came out publicly as transgender and gender-nonconforming. They were constantly misgendered by co-workers, “at times in a pointedly hostile or callous manner,” according to the complaint.
By 2020, Reid had begun rehearsals for the Los Angeles company, but never was able to to join the Los Angeles cast in performance because of the shutdown, the complaint said.
In May, Reid was presented with a contract renewal for “Hamilton.” Around that time, they asked their agent, Michele Largé, to request a gender-neutral dressing room at Pantages that Reid and others could use. “Hamilton” officials then raised concerns about posts Reid had published on social media describing racial equity issues on the show, according to the complaint.
The show would eventually agree to set up gender-neutral dressing spaces in every “Hamilton” theater. But in the fall, after Reid’s lawyers informed the show that they had legal claims of discrimination, the show told Reid’s lawyers that it was “no longer open” to having Reid perform in “Hamilton,” and that “renewal of their contract was no longer an option,” the complaint said.
8 Great Movies To Stream Before They Leave Netflix At The End Of October
On the first day of each month, the world’s biggest streaming platforms—from Netflix
to Hulu to Amazon Prime to HBO—add a number of new titles to their movie libraries. And Netflix has been especially active this month, and will continue to add dozens of new movies to its database throughout the month of October.
But on the first day of each month, we also lose a lot of content. Between now and the end of October, Netflix will ditch around 50 different movies. Luckily, you’ve got some time left to watch your favorites—or perhaps discover a new favorite.
In this article, I’ll highlight eight great films exiting Netflix by November 1. And at the end of the article, you’ll find a full list of movies leaving the platform this month.
Free Fire (2016)
When a black-market arms deal goes outrageously wrong, Justine finds herself caught in the crossfire, forced to navigate through a warehouse full of trigger-happy madmen who are all hanging on for dear life.
Free Fire will leave the Netflix platform on October 20.
A chameleon who has lived as a sheltered family pet finds himself in the grip of an identity crisis. Rango wonders how to stand out when it is his nature to blend in. When he accidentally winds up in a frontier town called Dirt, he takes the first step on a transformational journey as the town’s new sheriff. Though at first Rango only role-plays, a series of thrilling situations and outrageous encounters forces him to become a real hero.
Rango will leave the Netflix platform on October 27.
When a young woman is killed by a shark while skinny-dipping near the New England tourist town of Amity Island, police chief Martin Brody wants to close the beaches, but mayor Larry Vaughn overrules him, fearing that the loss of tourist revenue will cripple the town. Ichthyologist Matt Hooper and grizzled ship captain Quint offer to help Brody capture the killer beast, and the trio engage in an epic battle of man vs. nature.
Jaws will leave the Netflix platform on November 1.
Dom Cobb is a thief with the rare ability to enter people’s dreams and steal their secrets from their subconscious. His skill has made him a hot commodity in the world of corporate espionage but has also cost him everything he loves. Cobb gets a chance at redemption when he is offered a seemingly impossible task: Plant an idea in someone’s mind. If he succeeds, it will be the perfect crime, but a dangerous enemy anticipates Cobb’s every move.
Inception will leave the Netflix platform on November 1.
Malcolm X (1992)
A tribute to the controversial black activist and leader of the struggle for black liberation. He hit bottom during his imprisonment in the ’50s, he became a Black Muslim and then a leader in the Nation of Islam. His assassination in 1965 left a legacy of self-determination and racial pride.
Malcolm X will leave the Netflix platform on November 1.
Legally Blonde (2001)
Elle Woods has it all. She wants nothing more than to be Mrs. Warner Huntington III. But there is one thing stopping him from proposing: she is too blonde. Elle rallies all of her resources and gets into Harvard, determined to win him back.
Legally Blonde will leave the Netflix platform on November 1.
The Nutty Professor (1996)
Brilliant and obese scientist Sherman Klump invents a miraculous weight-loss solution. After a date with chemistry student Carla Purty goes badly, a depressed Klump tries the solution on himself. Though he instantly loses 250 pounds, the side effects include a second personality: an obnoxiously self-assertive braggart who calls himself Buddy Love. Buddy proves to be more popular than Sherman, but his arrogance and bad behavior quickly spiral out of control.
The Nutty Professor will leave the Netflix platform on November 1.
Ferris Bueller’s Day Off (1986)
Ferris Bueller has an uncanny skill at cutting classes and getting away with it. Intending to make one last duck-out before graduation, Ferris calls in sick, “borrows” a Ferrari, and embarks on a one-day journey through the streets of Chicago. On Ferris’ trail is high school principal Rooney, determined to catch him in the act.
Ferris Bueller’s Day Off will leave the Netflix platform on November 1.
All movies leaving Netflix in October
Movies leaving Netflix on October 17
- 10 Days in Sun City (2017)
- 93 Days (2016)
- Moms at War (2018)
- New Money (2018)
- Tatu (2017)
- U Turn (2016)
- Up North (2018)
Movies leaving Netflix on October 19
- The Command (2018)
- S Storm (2016)
Movies leaving Netflix on October 20
- Fisherman’s Friends (2019)
- Free Fire (2016)
- Travel Mates 2 (2018)
Movies leaving Netflix on October 22
- The Hummingbird Project (2018)
Movies leaving Netflix on October 23
- Shattered Memories (2018)
Movies leaving Netflix on October 27
Movies leaving Netflix on October 28
Movies leaving Netflix on November 1
- A Grand Night In: The Story of Aardman (2015)
- Ajji (2017)
- Angels & Demons (2009)
- Asees (2018)
- B.A.P.S. (1997)
- Battle: Los Angeles (2011)
- Beowulf (2007)
- Catch Me If You Can (2002)
- Cloudy with a Chance of Meatballs (2009)
- Cracked Up: The Darrell Hammond Story (2018)
- Creators (2015)
- Deep Blue Sea (1999)
- Ferris Bueller’s Day Off (1986)
- Gaddar: the Traitor (2015)
- In My Country (2018)
- Inception (2010)
- Jatts in Golmaal (2013)
- Jaws (1975)
- Jaws 2 (1978)
- Jaws 3 (1983)
- Jaws: The Revenge (1987)
- Legally Blonde (2001)
- Little Monsters (1989)
- Little Singham: Mahabali (2019)
- Major Payne (1995)
- Malcolm X (1992)
- Mile 22 (2018)
- Mortal Kombat (1995)
- Mundeyan Ton Bachke Rahin (2014)
- Norman Lear: Just Another Version of You (2016)
- Nutty Professor II: The Klumps (2000)
- Once Upon a Time in America (1984)
- Premonition (2007)
- Snowden (2016)
- Spanish Affair 2 (2015)
- Swiped (2018)
- Swordfish (2001)
- Tenacious D in The Pick of Destiny (2006)
- Training Day (2001)
- The Bittersweet (2017)
- The Da Vinci Code (2006)
- The Heartbreak Kid (2007)
- The Impossible (2012)
- The Losers (2010)
- The Nutty Professor (1996)
- The Original Kings of Comedy (2000)
- The Untold Tales of Armistead Maupin (2017)
- Under Siege (1992)
- Vaya (2016)
- Welcome Home Roscoe Jones (2008)
- Yeh Hai Bakrapur (2014)
- Yes Man (2008)
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