Asian markets sink as US debt talks stall
Asian markets tracked losses in Wall Street on Wednesday as investors grow increasingly concerned about stalled US debt ceiling talks...
2023-05-24 11:17
Exclusive-U.S. retailer holiday hiring to drop to levels last seen in 2018- report
NEW YORK U.S. retailers will hire the lowest number of seasonal workers for this holiday season since the
2023-09-16 01:46
US authorities scrutinize if Credit Suisse mislead investors before rescue -filing
By Stefania Spezzati LONDON U.S. authorities are seeking evidence from Credit Suisse to assess whether the bank mislead
2023-09-19 22:55
Australia's AMP hits over 2-month low on flagging fall in annual margins
By Rishav Chatterjee Shares in AMP touched a more than two-month low on Wednesday, after the Australian wealth
2023-10-18 09:24
In the absurdity of the Beanie Baby craze, filmmakers found a rich tale about America
Economic bubbles come in all shapes, sizes and levels of insanity, but the Beanie Baby craze was easily one of the most absurd
2023-07-19 05:29
Quectel Wireless Solutions Showcases Extensive Range of IoT Solutions and First mmWave 5G Android Gaming Device at CommunicAsia
SINGAPORE--(BUSINESS WIRE)--Jun 6, 2023--
2023-06-07 10:21
Amazon rolls out first European Rivian vans in Germany
By Nick Carey E-commerce giant Amazon will deploy its first European vans from U.S. electric vehicle (EV) maker
2023-07-04 06:16
China says to curb 'disruption' in currency market
China's central bank said on Monday it would crack down on speculation that distorts the value of the yuan as the...
2023-09-11 14:25
New Zealand’s Ruling Labour Party Slides to Six-Year Low in Poll
Support for New Zealand’s governing Labour Party has dropped to a six-year low less than four weeks out
2023-09-20 15:28
Canadian union Unifor names Ford as bargaining target among Detroit Three
Canadian union Unifor on Tuesday announced Ford Motor as its potential target for negotiations amid contract talks with
2023-08-30 02:26
Japan's govt cuts growth forecast, sees inflation exceeding BOJ target
By Leika Kihara TOKYO Japan's government cut this year's economic growth forecast but expects inflation to sharply exceed
2023-07-20 14:29
Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit
Elon Musk’s X has agreed to attempt to settle a lawsuit by former employees who say the company cheated them of severance pay following mass layoffs. After taking over Twitter, which he rebranded X recently, Mr Musk cut nearly two-thirds of the social media company’s workforce from about 8000 to 2,000, claiming he had “no choice” as the company was losing $4m per day. “Everyone exited was offered 3 months of severance, which is 50 per cent more than legally required,” Mr Musk said. Many laid-off employees, however, publicly announced they never got the severance they were due to get. In the months that followed, the company was hit by several lawsuits, including one alleging the layoffs disproportionately targeted women. Now, months after urging Twitter, the company has agreed to try and settle, according to a memo sent by Shannon Liss-Riordan, who represents the laid-off workers. The labour and civil rights attorney, representing nearly 2,000 ex-employees, said X would attempt to settle with the laid-off staff. “After 10 months of pressing them in every direction we have succeeded in getting Twitter to the table,” she wrote in the memo cited by Bloomberg. Further schedule for the mediation remains unclear, but reports suggest negotiations could happen on 1 and 2 December. X did not immediately respond to The Independent’s request for comment. Some ex-employees have alleged Twitter did not pay them promised severance either. One employee said earlier this year that he had “never even seen a severance letter let alone been offered severance”. While some former staff attempted to resolve the issue by first filing a class-action lawsuit against X, their contracts with Twitter, however, required that disputes be resolved via arbitration. “We are very proud to be representing nearly 2,000 former Twitter employees, in individual arbitrations as well as more than a dozen class action lawsuits in court,” Ms Liss-Riordan had earlier said in a statement, adding that lawyers and former staff were working to recover “what they are owed”. Read More Musk the messiah (or a very naughty boy?) Elon Musk ignores reporter after claims he stopped Ukrainian attack on Russia Elon Musk was on brink of death after catching malaria on South African safari, book claims Musk the messiah (or a very naughty boy?) Elon Musk warns of ‘civilisational risk’ posed by AI at historic gathering Musk was on brink of death after catching malaria on safari, book claims
2023-09-15 15:54
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