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EU Takes Tougher Stance on Huawei as China Tensions Rise
EU Takes Tougher Stance on Huawei as China Tensions Rise
The European Commission is increasing the pressure on member-nations to stop using Huawei Technologies Co. and ZTE Corp.
2023-06-16 15:47
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
IDB grants $500 million loan to Ecuador, econ ministry says
IDB grants $500 million loan to Ecuador, econ ministry says
QUITO Ecuador's economy ministry said on Wednesday that the Inter-American Development Bank (IDB) approved a $500 million loan
2023-08-03 08:23
US offers mixed review of Norfolk Southern safety culture
US offers mixed review of Norfolk Southern safety culture
By David Shepardson WASHINGTON (Reuters) -U.S. railroad regulators on Wednesday offered a mixed review of Norfolk Southern's safety culture after
2023-08-10 03:25
US extends tariff exclusions on some Chinese categories till end of 2023
US extends tariff exclusions on some Chinese categories till end of 2023
WASHINGTON The office of U.S. Trade Representative Katherine Tai on Wednesday announced a further extension of China "Section
2023-09-07 01:47
SoftBank's Arm set to debut on Nasdaq after biggest IPO since 2021
SoftBank's Arm set to debut on Nasdaq after biggest IPO since 2021
SoftBank's chip designer Arm Holdings is set to debut on the Nasdaq on Thursday, in what is expected
2023-09-14 19:59
Japan's troubled Toshiba to delist after takeover by Japanese consortium succeeds
Japan's troubled Toshiba to delist after takeover by Japanese consortium succeeds
Toshiba says a 2 trillion yen ($14 billion) tender offer for the troubled electronics and energy giant by a Japanese consortium has been completed, clearing the way for it to be delisted
2023-09-21 11:49
Amwell Announces Hire of Kathy Weiler as EVP, Chief Commercial and Growth Officer
Amwell Announces Hire of Kathy Weiler as EVP, Chief Commercial and Growth Officer
BOSTON--(BUSINESS WIRE)--May 17, 2023--
2023-05-17 21:19
France calls for minimum price on European flights
France calls for minimum price on European flights
France's transport minister called Wednesday for a minimum price for plane flights in Europe to...
2023-08-31 01:52
Upbeat mood along picket lines on US auto strike's first day
Upbeat mood along picket lines on US auto strike's first day
Tim Jackson was partly through a car repair Thursday night when he learned that Ford's Wayne, Michigan factory had been tapped as one of...
2023-09-16 16:49
Exclusive-China invites global investors for rare meeting as economy sputters-sources
Exclusive-China invites global investors for rare meeting as economy sputters-sources
By Xie Yu and Julie Zhu HONG KONG China's financial regulators have invited some of the world's biggest
2023-07-14 14:52
South Korea Oct exports rise for first time in 13 months
South Korea Oct exports rise for first time in 13 months
SEOUL South Korea's exports in October rose in annual terms for the first time in 13 months, trade
2023-11-01 08:58