Libya’s central bank has announced its reunification after being split for nearly a decade due to the country’s long-running civil war that resulted in two rival administrations, in the east and the west

DALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--May 15, 2023--

By Ismail Shakil and Divya Rajagopal OTTAWA Canada's corporate ethics watchdog on Tuesday launched separate investigations into Nike

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

The US House of Representatives voted to put George Santos’s fate in the hands of its Ethics Committee

Turkish President Recep Tayyip Erdogan met Hungarian Prime Minister Viktor Orban in Budapest on Sunday, with energy security and Sweden's membership of NATO on...

China should play a key role in shaping the artificial intelligence guardrails needed to ensure the safety of

EFG International AG is ramping up hiring globally this year with an above-average addition of about 100 wealth

Singapore did not start an investigation on a money laundering scandal involving over S$1.8 billion of assets due

By Huw Jones LONDON (Reuters) -Britain's eight largest lenders have enough capital to ride out economic stress deeper than the

The tiny Pacific island nation of Niue has come up with a novel plan to protect its vast and pristine territorial waters — it will get sponsors to pay

PARIS--(BUSINESS WIRE)--Jun 20, 2023--