negotiations

EU Parliament unblocks key political hurdle in digital euro negotiations

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EU lawmakers have overcome a key political hurdle in the negotiations of digital euro, making the project closer to approval, according to a draft text seen by Euronews.


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The Parliamentary rapporteurs involved in the legislation have found an agreement on the design of the digital euro, which will be able to function both online and offline.

The digital euro would be an electronic form of cash issued by the European Central Bank, designed to sit alongside banknotes and the payments services offered by commercial banks.

It has taken on new political weight as economic tensions between the EU and the US sharpen the debate over Europe’s reliance on American payment giants, such as Visa and Mastercard.

Under the European Commission’s proposal, digital euro users would have a wallet for both online and offline payments, with transactions designed so they are not trackable.

The situation in Parliament changed on Wednesday evening, when the centre-right politician Fernando Navarrete, who is the leading rapporteur on the file, announced the withdrawal of his position to reduce the scope of the digital euro to offline use only.

His position blocked the advancement of negotiations for months, jeopardising the whole legislative process, according to three sources familiar with the negotiations.

The political deadlock has pushed EU leaders to accelerate progress on the digital euro. At the European Council meeting on 19 March, they set a goal to have the digital euro legislation approved by the end of 2026.

With the Council, representing EU countries, having already adopted its position, the European Parliament is now the only institution left to advance the law.

“Thanks to our amendments and firm stance, we have finally broken the political deadlock on the digital euro. The distinction between online and offline has been removed, and it is now established as a single payment system,” Pasquale Tridico, the rapporteur for The Left, told Euronews.

However, lawmakers still need to agree on two key aspects: the “hold limits” and the “compensation.”

The hold limits determine the maximum amount a user can store in a digital euro wallet, while compensation sets out a model for reimbursing commercial banks that provide digital euro services.

Although negotiations are not yet complete, the text is expected to be voted on in the Parliament’s economy committee before the summer, according to a source familiar with the matter.

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Pakistan proposes hosting U.S.-Iran negotiations in Islamabad

March 24 (UPI) — Pakistani officials said Tuesday they’re prepared to host negotiations between the United States and Iran, with in-person meetings possibly set to take place in Islamabad.

Pakistani Foreign Ministry spokesman Tahir Andrabi told Al Jazeera that Pakistan would be willing to play a part in the talks “if the parties desire.”

The government “has consistently advocated for dialogue and diplomacy to promote peace and stability in the region,” Andrabi said.

Pakistani Prime Minister Shehbaz Sharif confirmed the offer, saying he’s ready to “facilitate meaningful and conclusive talks.”

Unnamed Pakistani sources told The Guardian that Vice President JD Vance would potentially serve as chief U.S. negotiator if such talks went forward. Iranian officials have said they will not speak with President Donald Trump‘s pre-war negotiators, Middle East envoy Steve Witkoff and adviser Jared Kushner.

Witkoff and Kushner met with Iranian officials in the month leading up to the war in an attempt to reach a deal to limit Iran’s nuclear program. The talks were unfruitful and Trump ordered the launch of attacks on Iran on Feb. 28 alongside Israel.

In nearly a month, the war has killed more than 2,000 people and displaced millions of others, NBC News reported.

Trump said Monday that he hopes there will be an agreement with Iran amid renewed talks, which Iranian state-run media have denied has taken place. The U.S. president said he’s holding off on strikes on Iran’s energy infrastructure for five days after “very good and productive conversations.”

President Donald Trump presents the Commander in Chief’s Trophy to the Navy Midshipmen football team during a ceremony in the East Room of the White House on Friday. The award is presented annually to the winner of the football competition between the Navy, Air Force and Army. Navy has won the trophy back to back years and 13 times over the last 23 years. Photo by Bonnie Cash/UPI | License Photo

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Writers Guild brace for tough negotiations with major studios

It has been nearly three years since Hollywood writers went on a historic strike that lasted 148 days and ushered in an extraordinary period of labor unrest that virtually shut down the film and TV business.

Now, writers are poised to commence another round of bargaining with the major studios on a new three-year film and TV contract. Few observers think the union is girding for another showdown, especially at a time when many of its members are struggling to find work amid media consolidation and belt-tightening.

But in advance of negotiations that begin on Monday , union leaders are eager to dispel any perception that they might have scaled back their demands.

“Our members have shown many times that they’re willing to fight for what we need as a collective group,” WGA West President Michele Mulroney said in an interview. “And there’s no exception here.”

With its current contract expiring on May 1, the WGA hopes to improve its members’ healthcare plans, increase streaming residuals and expand AI protections.

Michele Mulroney speaks

Michele Mulroney speaks as the Screen Actors Guild (SAG-AFTRA) and Writers Guild of America (WGA) join GLAAD in releasing the 11TH Annual GLAAD Studio Responsibility Index at The Village at Ed Gould Plaza Los Angeles LGBT Center in Los Angeles, California, on September 14, 2023.

(Michael Tran/AFP via Getty Images)

Ellen Stutzman, the union’s executive director, said despite popular belief, the studios have weathered the transition from cable television to streaming “very well,” citing their efforts to maximize revenue with streaming bundling, rising subscription fees and advertising revenue.

“Writers are watching as Netflix and Paramount are fighting it out to acquire Warner Bros… Paramount is spending $81 billion,” said Stutzman. “There’s money for a fair deal for writers.”

The union leaders agree that this year’s negotiations are all focused on the sustainability of a writer’s career.

A spokesperson from the Alliance of Motion Picture and Television Producers, which represents the major studios in negotiations, said in a statement that they look forward “to engaging in a constructive and collaborative bargaining process with the WGA. Through continued good-faith dialogue, we are confident we can reach balanced solutions that support talented writers while sustaining the long-term success and stability of our industry and its workforce.”

A top priority for the WGA is to increase the caps that companies contribute to the union’s healthcare plan. Union officials say the current cap has remain unchanged for two decades as healthcare contributions have steadily declined due to fewer writers working.

AI is also top of mind for the WGA.

In 2023, the guild secured various AI protections by establishing that AI isn’t a writer and nothing it produces is considered literary material.

But as major studios start to make deals with AI companies, like Disney’s $1 billion investment into OpenAI’s Sora platform, many writers are concerned about how their work could be used.

“AI is using [studios’] IP, which is stuff that we wrote to license these models,” said John August, the co-host of the “Scriptnotes” podcast and WGA’s negotiating committee co-chair. “With the Sora deal, it seems clear that the companies intend to monetize this IP for use with AI.”

August says the union will be skeptical toward arguments that it’s still too early to seek more safeguards around such a nascent industry, citing the union’s past history with the rise of DVDs and the internet and how profoundly those technologies changed the compensation for writers.

“If you’re taking the work that we created to generate AI outputs, we are owed money. They’re using our work to do something down the road,” added August.

WGA’s negotiating committee also is looking to boost streaming residuals, expand the minimum number of people allowed in a writers’ room and add protections for scribes working on pilots.

“We very much hope that lessons were learned in 2023 and that the AMPTP will come to the table ready to take our proposal seriously and to make a fair deal, and to do that quickly,” Mulroney said. “It provides stability for the companies and for our membership. It’s better for everybody.”

WGA is entering contract negotiations nearly a month after the actors’ union, SAG-AFTRA, began its bargaining sessions. Last week,
the AMPTP said it was extending negotiations another seven days.

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Negotiations resume over WNBA’s next collective bargaining agreement

The WNBA and its players’ union met again Wednesday, hours after a marathon negotiating session over a new collective bargaining agreement.

The two sides ended a 12-hour negotiation at 5 a.m. EDT without reaching a deal. They started talking again Wednesday afternoon and discussions were ongoing at sundown.

Union executive director Terri Carmichael Jackson said Wednesday morning that there were “a lot of conversations going in the right direction.”

WNBA commissioner Cathy Engelbert came out of the hotel where negotiations took place to talk to reporters briefly.

“It’s complex, but we’re working towards a win-win deal like we’ve been saying, transformational deal for these players. That balances all the things we’ve been trying to balance with continued investment by our owners,” she said. “So, we’re working hard towards that and still have work to do.”

Executive committee members Nneka Ogwumike, Breanna Stewart, Alysha Clark and Brianna Turner once again were at the hotel with Jackson and the union staff. The league was represented by Engelbert, head of league operations Bethany Donaphin and New York Liberty owner Clara Wu Tsai. Connecticut Sun president Jen Rizzotti joined the negotiating team on Wednesday.

Neither side left the hotel during the marathon bargaining session. A day later, both sides were outside during breaks enjoying an unseasonably warm mid-March day in Manhattan.

The sides have been exchanging proposals during the bargaining sessions over the last two days, a person familiar with the negotiations told the Associated Press. The person spoke on condition of anonymity because of the sensitivity of the discussions.

Revenue sharing and housing are key sticking points between the sides, as well as assigning a franchise tag to a player and benefits for retired players.

The league had said that at least a handshake agreement on a labor deal would need to be done by Tuesday to start the season as scheduled.

“We’ve got to get this deal done. We’ve got to get it done soon,” said Engelbert, who didn’t take questions from reporters.

When a deal is reached in principle, the league has said it would need a few weeks to finish off the CBA. After that work is done, the expansion draft for new franchises in Portland and Toronto would be held sometime between April 1-6, according to a timetable obtained by the AP.

Free agent qualifying offers, including franchise player tags, would be sent out April 7-8. Teams would then have three days to negotiate with the more than 80% of players who are free agents. The signing period would take place from April 12-18.

Training camps would open the next day and the season would be able to start on May 8.

But for any of that to happen, the two sides have to figure out a revenue sharing model. The union’s proposal from a week ago had asked for an average of 26% of the gross revenue — revenue before expenses — over the course of the CBA. That would include only 25% in the first year. The league has said that number was unrealistic.

The WNBA’s last few proposals have offered more than 70% of net revenue, with that number going up as the league continues to grow.

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SAG-AFTRA extends contract negotiations as WGA finalizes demands

As Hollywood writers continue contract negotiations with major studios, one topic remains front and center: the role of artificial intelligence.

On Friday, the Writers Guild of America released a list of contract demands, which 97% of the union membership supports. Though some details have yet to be revealed, many of the union’s asks involve expanding protections over the use and abuse of AI, in addition to improved health coverage and higher residuals.

AI and streaming residuals were central issues in strikes by actors and writers in 2023.

WGA’s current contract, which expires May 1, established that AI isn’t a writer and nothing it produces is considered literary material. It prohibits companies from giving writers AI-generated scripts for a rewrite fee or requiring writers to use AI software, and a company must disclose whether any written materials were developed using AI.

The union says its current demand is to simply “expand” these protections. Other priorities include increasing contributions to the WGA benefit plans, raising minimums for “page one” rewrites and boosting streaming residuals.

The Screen Actors Guild-American Federation of Television and Radio Artists has identified similar issues as it negotiates a new contract for actors. Last week, SAG-AFTRA and the bargaining group for the major studios disclosed that they are extending their negotiations for seven days. The discussions began Feb. 9.

The union, whose contract expires June 30, is expected to propose what has been called the Tilly tax, a fee that studios would have to pay to the union in exchange for using an AI actor. This demand is in response to the first AI actor, Tilly Norwood, being introduced to Hollywood. Though the bot has yet to star in a major project, the fear of AI-generated characters taking jobs is real for many actors. The bot’s creator, Xicoia, also recently announced the expansion of its AI actor universe, called the “Tillyverse.”

WGA’s negotiations are set to start Monday and will be led by Ellen Stutzman. The studios will be represented by the Alliance of Motion Picture and Television Producers’ new president, Gregory Hessinger.

The negotiations are happening as WGA West’s own staff members have been on strike, forcing the guild to call off its L.A.-based award show. The staff union, with more than 100 employees, are similarly demanding higher pay and protections against AI.

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Rubio says Iran was ‘playing’ US in negotiations | Israel-Iran conflict

NewsFeed

US Secretary of State Marco Rubio defended joint US-Israeli strikes on Iran, saying “the world will be safer” if Tehran doesn’t have access to nuclear weapons. He says President Trump made the decision to strike because Iran was ‘playing’ the US in negotiations.

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