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Fires Rage in Canada’s Main Energy Hub, Threatening Region’s Oil Production
Fires Rage in Canada’s Main Energy Hub, Threatening Region’s Oil Production
Shifting fires across Canada’s main energy-producing province are prompting drillers to throttle back production once again — more
2023-05-17 06:18
UK Hosepipe Ban Planned for Southeast Due to Record Water Demand
UK Hosepipe Ban Planned for Southeast Due to Record Water Demand
Southeast England faces a hosepipe ban from June 26, after a prolonged period of dry weather combined with
2023-06-16 18:25
Bruised Bond Investors Face Long Road Beyond Fed’s July Decision
Bruised Bond Investors Face Long Road Beyond Fed’s July Decision
The bond-market selloff that sent some yields to the highest levels in more than a decade this week
2023-07-09 04:17
Engineering Wonder: Behind the Scenes of Emaar's New Year's Eve Extravaganza at Burj Khalifa and Dubai Fountain
Engineering Wonder: Behind the Scenes of Emaar's New Year's Eve Extravaganza at Burj Khalifa and Dubai Fountain
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Nov 23, 2023--
2023-11-23 18:26
BlackRock to call staff back to office at least four days a week - memo
BlackRock to call staff back to office at least four days a week - memo
BlackRock Inc, the world's largest asset manager, has asked its staff to return to office at least four
2023-05-16 23:23
China Bans Writers From Weibo for Comments on Stocks, Jobless Rate
China Bans Writers From Weibo for Comments on Stocks, Jobless Rate
China banned Wu Xiaobo, a well-known finance writer, as well as two of his peers from writing on
2023-06-27 01:49
Futures signal further gains on Wall St ahead of data; Target jumps
Futures signal further gains on Wall St ahead of data; Target jumps
By Sruthi Shankar and Amruta Khandekar (Reuters) -U.S. stock index futures rose on Wednesday, paving the way for fresh gains
2023-11-15 20:46
Monday Was the Hottest Day Ever as Global Temperatures Rise
Monday Was the Hottest Day Ever as Global Temperatures Rise
Global temperatures hit a record on Monday, underscoring the dangers of ever-increasing greenhouse gas emissions generated from burning
2023-07-05 09:15
SEC probes Change Company over mortgage-backed securities sold to Wall Street - Bloomberg News
SEC probes Change Company over mortgage-backed securities sold to Wall Street - Bloomberg News
The US Securities and Exchange Commission (SEC) is probing The Change Company, a California lender that pledges to
2023-08-29 00:16
Virgin set for first long-haul flight with low-carbon fuel
Virgin set for first long-haul flight with low-carbon fuel
British airline Virgin Atlantic on Tuesday operates the first transatlantic flight powered entirely by Sustainable Aviation Fuel (SAF), but environmental groups...
2023-11-28 18:21
Ingersoll Rand Announces Addition of Julie Schertell and JoAnna Sohovich to Board of Directors
Ingersoll Rand Announces Addition of Julie Schertell and JoAnna Sohovich to Board of Directors
DAVIDSON, N.C.--(BUSINESS WIRE)--Sep 28, 2023--
2023-09-28 20:47
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 15:51