
Ford reveals 800 horsepower Mustang with $300,000 price tag
Ford has just unveiled the 800-horsepower Ford Mustang GTD which will be available in late 2024 or early 2025 at a starting price around $300,000. There's much more in this Mustang, according to Ford, besides its powerful engine to account for its Lamborghini-level price. It's modeled on the Mustang GT3 racing car that's set to be driven in international competition next year.
2023-08-18 08:55

Larry Ellison Scores $482 Million Gain by Cashing in Expiring Options
Larry Ellison, the world’s fourth-richest person, exercised expiring options and sold $640 million of Oracle Corp. shares this
2023-06-23 11:17

US wealth, income concentration resume upward climb in post-pandemic era
By Howard Schneider WASHINGTON The richest Americans are emerging from the coronavirus pandemic with their share of wealth
2023-10-09 18:15

Novavax posts higher-than-expected revenue, says prepared to further cut costs
(Reuters) -COVID-19 vaccine maker Novavax on Thursday reported higher-than-expected revenue for the third quarter, boosted by U.S. government grants to
2023-11-09 21:16

EdgeNext and Ajlan & Bros Holding Group Ink Transformative Joint Venture Agreement to Revolutionize CDN, Edge Cloud, and Cloud Security in the MENA Region
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Oct 19, 2023--
2023-10-19 21:20

Google executive defends search quality in US antitrust trial
By Diane Bartz WASHINGTON Alphabet's Google called its first witness on Wednesday in a once-in-a-generation U.S. antitrust trial,
2023-10-19 02:26

Australian Shareholders' Association to vote against Qantas CEO's nomination as director
The Australian Shareholders' Association will vote against the nomination of Qantas Chief Executive Officer Vanessa Hudson as a
2023-10-19 16:20

Take Five: Roll on Q4!
LONDON There's a looming partial shutdown of the U.S. government, embattled developer China Evergrande on the brink, and
2023-09-29 15:57

‘They abuse us’: Female workers making Fifa World Cup merchandise face systemic harm, says report
Female workers who produce Fifa merchandise for events such as the Women’s World Cup have endured pay below minimum wage, verbal abuse, unpaid overtime and threats of job loss if they fall pregnant, according to a new report by human rights researcher Equidem. Equidem has criticised Fifa for not taking action on a situation that seems to go against the advances the tournament has been responsible for, and president Gianni Infantino has been urged to extend “that progress to addressing the harms its women workers experience”. Equidem has put its report into the context of the litany of migrant labour abuses that occurred due to the men’s World Cup in Qatar and asked why there has been no update from a human rights subcommittee that was supposed to be set up to assess the legacy of that event, raising questions about Fifa’s expressed commitment to improving working conditions. The report features interviews with women workers in factories in Bangladesh that make official merchandise for Fifa events, and involves distressing testimonies including verbal abuse and the illegal denial of worksite childcare and maternity leave. Equidem heard several stories of women denied freedom of association. “We have a daily target to reach,” one worker said. “The supervisor fixes our daily target. I make 60-80 pieces per hour. I can only go to the restroom after finishing my hourly target. When a lot of work piles up, they don’t let us go anywhere. They verbally abuse us. I work for 10-12 hours a day at my sewing machine. Today, my supervisor told me to give 80 pieces per hour, but it was quite difficult to make 80 pieces. I made 60 pieces per hour. He shouted at me several times. “I can’t keep my son with me. I work between eight and 12 hours every day. Who will look after him? I searched for someone to leave my son with when I went to work, but I did not get anyone. We don’t have a childcare room in our factory. My son lives in Dhaka with my mother-in law and father-in-law.” Workers described a common practice of being told they would lose their jobs if they became pregnant during the first two years of employment. One woman employed as a sewing machine operator explained: “When I started working here, the factory doctor told me not to have babies for the first two years. I was told that after completing two years, I can have children. If I get pregnant before that, I will have to resign. They will not give me any leave.” Some workers spoken to by Equidem reported that they did not get paid any maternity leave at all, even though they are supposed to be legally entitled to four months, making it a clear violation of Bangladeshi law. Equidem’s CEO Mustafa Qadri states: “After the Men’s World Cup this past year in Qatar, FIFA pledged to set up a human rights subcommittee that would assess the legacy of the 2022 tournament, although there has been no further update as to the status of that assessment, nor its learnings. Equidem urges FIFA to extend its expressed commitment to improving working conditions to women workers in their apparel supply chains. "Yet, the world has seen significant advances in pay parity for women players, including making the Women’s World Cup more professional, ensuring equal regulations and conditions, and fair distribution of prize money to players. The United States team, after years of negotiations, public battles, and court filing won an equal pay deal that makes them one of the best-paid national teams in the world. "The FIFA Women’s World Cup 2023 brings with it many positive improvements for its players, and it is crucial that FIFA extends that progress to addressing the harms its women workers experience. FIFA has the power, money, and resource to address this at the systemic level, and we will keep monitoring their global supply chains until it does. “This movement toward gender parity within FIFA, signals a heightened commitment within the organisation to fair conditions for women players—on par with their male counterparts. This should extend to all women, not just those under the stadium lights.” A Fifa spokesperson said: “FIFA has stringent labour rights requirements for companies producing FIFA-licensed goods and takes any allegation of labour rights abuse in its supply chain very seriously. FIFA is in contact with both Equidem and the respective companies to further investigate the matter.” Read More Fifa urged to make human rights key consideration for World Cup 2030 host ‘Matter of when not whether’ UK hosts Women’s World Cup – sports minister Kevin De Bruyne says new approach to added time ‘doesn’t make any sense’ How much added time? Football’s new guidelines and the impact they will have Raphael Varane says players’ opinions ignored over ‘damaging’ new guidelines
2023-08-10 17:16

Japan upgrades Q1 GDP on solid capex
By Kantaro Komiya TOKYO Japan's economy grew more than initially thought in January-March, revised data showed on Thursday,
2023-06-08 08:15

Hollywood Strikes Threaten Britain’s US-Dependent Film Industry
The UK film industry is reckoning with its streaming-fueled reliance on US media giants after Hollywood strikes have
2023-08-14 12:29

Biggest plane deal in history: Airbus clinches massive order from India's IndiGo
Airbus has just landed the biggest-ever aircraft order in the history of commercial aviation.
2023-06-20 00:16
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