Life

Rio Tinto Cuts CEO, Executive Bonuses Over Destruction Of 46,000-year-old Cave

Jack Tewksbury Dies: Longtime HFPA Member Was 94

Journalist and Hollywood Foreign Press Association member Jack Tewksbury died on Saturday night. No further details were given about his death. He was 94.

In a statement received by Deadline, HFPA President Ali Sar confirmed his death: “We are sad to let you know that longtime HFPA member Jack Tewksbury passed away at the age of 94 yesterday evening. Jack has been an invaluable member and a true gentleman. He will be sorely missed.”

Tewksbury was born in Brooklyn, New York on October 11, 1925. It was in New York when he began his career as a journalist. While attending New York University, he worked as a reporter for Motion Picture Daily and Radio-TV Daily.

He then moved on to Hollywood where he became the movie columnist for the Quebec-Chronicle-Telegraph. He joined the HFPA in 1985 as a journalist for French publications, and then, more recently wrote for Argentina.

He served as HFPA Treasurer from 1992-1998, 1999-2000 and 2009-2011. He was also a board member and served as executive producer on multiple televised ceremonies for the Golden Globe Awards. He regularly wrote features for the Golden Globes website. Tewksbury also served as Vice President of The Young Artist Awards.

 

 

Qantas Drops International CEO With Overseas Flights Grounded

Qantas Airways Ltd. scrapped the executive role overseeing international services because those flights will be grounded for at least another year.

The head of Qantas’ international business, Tino La Spina, will leave and his division will be consolidated with the airline’s domestic operations, Qantassaid Monday. La Spina worked for the airline for 14 years and was its former chief financial officer.

“It will take years for activity to return to what it was before,” Chief Executive Officer Alan Joyce said in the statement. “The COVID crisis is forcing us to rethink our business at every level.”

Read more: Global Travel on Ice Until Mid-2021, Qantas Chief Joyce Says

La Spina’s departure shows Joyce is prepared to remove even his most experienced executives to cut costs and weather the crisis. He’s already eliminating 6,000 jobs, and last week reported Qantas’ first loss in six years. The international fleet is grounded until at least mid-2021.

Hong Kong Stocks Set for Five-Month High as Optimism Builds

Confidence in Hong Kong firms is growing among stock traders despite the city’s severe economic slowdown, continuing tough social distancing restrictions and concern over the impact of the national security law.

The MSCI Hong Kong Index rose 1.8% on Monday, extending Friday’s 2.2% rally. The 40-member gauge has climbed 26% from its low this year to head for its highest close in more than five months. Swire Pacific Ltd. and Wharf Real Estate Investment Co. advanced at least 2.1% to lead gains by property-related firms. Among mainland Chinese companies, Tencent Holdings Ltd. climbed 3.5% on a report that the Trump administration is privately seeking to reassure U.S. companies that they can do business with WeChat in China.

There was little obvious trigger for Monday’s advance. While the latest data showed new daily coronavirus cases remaining in the 20-something levels, there was speculation the government will ease some measures next month, according to traders. Mainland buying via stock exchange links helped support the gauge, which is still down almost 7% this year. MSCI Inc.’s Asian gauge is little changed in 2020.

The Hang Seng Index rose 1.4%.

Gas Pipeline Explosion Causes Power Outage Across Syria

An explosion hit a major natural gas pipeline near the Syrian capital of Damascus early Monday and triggered power outages across the country, state media reported.

The explosion, which struck the Arab Gas Pipeline that feeds southern areas of the nation, might have been the result of a terrorist attack, state-run Sana reported, citing the oil minister.

The outage is the latest blow to a nation battered by years of civil war and an economy already under sanctions from the European Union. The U.Slast month said it would also slap sanctions on President Bashar Al-Assad and others close to him, a move aimed to force his regime to negotiate an end to the war that began in 2011 and has killed hundreds of thousands of Syrians.

Electricity Minister Mohammad Kharboutli said that the explosion occurred between Al-Dhumayr and Adra in the suburbs of Damascus, which led to a power outage in Syria,according to Sana. Natural gas is commonly used as a fuel to run power plants.

The 1,200 kilometerArab Gas Pipeline delivers the fuel from Egypt to Syria, Lebanon and Jordan. This is the sixth explosion at that part of the pipeline in Damascus, Kharboutli said.

— With assistance by Stephen Stapczynski

Rio Tinto Cuts CEO, Executive Bonuses Over Destruction Of 46,000-year-old Cave

Rio Tinto Plc said that it will cut this year’s bonuses of its chief executive officer and two other senior executives following a review of the company’s destruction of two ancient rock shelters in Western Australia.

The review found no single root cause or error that directly resulted in the destruction of the rockshelters. It was the result of a series of decisions, actions and omissions over an extended period of time, the Anglo-Australian mining giant said in a statement.

Rio detonated explosives in May in an area of the Juukan Gorge, destroying the 46,000-year-old Aboriginal heritage site in Western Australia.

The company has cut its chief executive officer J-S Jacques’ short-term bonuses of 1.70 million pounds. It will also reduce J-S Jacques’ 2016 long-term incentive plan award by 1 million pounds. The long-term incentive is due to vest in the first half of 2021.

Chris Salisbury, chief executive of Iron Ore; and Simone Niven, Group Executive, Corporate Relations will not receive their short-term bonuses of A$1.11 million and 525,000 pounds respectively.

Simon Thompson, chairman of Rio Tinto, said the company will not repeat what happened at Juukan Gorge and it will continue its work to rebuild trust with the Puutu Kunti Kurrama and Pinikura people.

Thompson said that the company fully recognizes traditional owners must be treated as equal partners which includes regular, open and respectful dialogue.