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Apple to update iPhone 12 software in France to settle radiation row
Apple to update iPhone 12 software in France to settle radiation row
By Elizabeth Pineau PARIS (Reuters) -Apple said on Friday it would issue a software update for iPhone 12 users in
2023-09-15 16:49
European shares set to end week higher after ECB signals end to rate hikes
European shares set to end week higher after ECB signals end to rate hikes
By Bansari Mayur Kamdar European shares extended their rally on Friday, on track to end the week higher,
2023-09-15 16:15
Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit
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
Take Five: A central bank bonanza
Take Five: A central bank bonanza
Central banks take centre stage with five of those overseeing the 10 most heavily traded currencies - including
2023-09-15 15:51
China property woes deepen as a big developer suspends debt payments
China property woes deepen as a big developer suspends debt payments
A major Chinese property company has suspended offshore debt payments, deepening turmoil in the beleaguered sector.
2023-09-15 15:29
H&M Revenue Growth Stalls as Fashion Retailer Raises Prices
H&M Revenue Growth Stalls as Fashion Retailer Raises Prices
H&M’s revenue growth unexpectedly ground to a halt as the Swedish retailer raised prices even amid increasing competition
2023-09-15 15:27
Hundreds gather at Ford plant in Michigan as auto workers begin historic strike
Hundreds gather at Ford plant in Michigan as auto workers begin historic strike
By Eric Cox WAYNE, Michigan Hundreds of people, including auto workers on the night shift and their supporters,
2023-09-15 15:21
Broken dreams, shattered families in China's unfinished apartments
Broken dreams, shattered families in China's unfinished apartments
By Laurie Chen and Xiaoyu Yin TONGCHUAN, China Construction worker Shi Tieniu bought a presale apartment in an
2023-09-15 14:53
A German tailor who specializes in bespoke lederhosen is in high demand ahead of Oktoberfest
A German tailor who specializes in bespoke lederhosen is in high demand ahead of Oktoberfest
Germany’s city of Munich is getting ready to tap the kegs for Oktoberfest
2023-09-15 14:22
H&M's June-August local-currency sales lag expectation
H&M's June-August local-currency sales lag expectation
STOCKHOLM Sweden's H&M reported on Friday flat sales in its most recent quarter, lagging expectations as the fashion
2023-09-15 14:22
Thailand minimum wage hike to be announced by year-end
Thailand minimum wage hike to be announced by year-end
BANGKOK Thailand will set a new daily minimum wage by the year's end, its labour minister said on
2023-09-15 13:48
Exclusive-S.Korea considers limiting tenure of local currency, swap traders - sources
Exclusive-S.Korea considers limiting tenure of local currency, swap traders - sources
By Seunggyu Lim, Cynthia Kim and Jihoon Lee SEOUL South Korea is reviewing measures to limit currency and
2023-09-15 13:23
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