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German industrial projects in steel, chips, batteries at risk from court ruling -sources
German industrial projects in steel, chips, batteries at risk from court ruling -sources
BERLIN German industrial projects in jeopardy after a court ruling wiped 60 billion euros from the federal budget
2023-11-21 03:23
US Senate Has Enough Votes to Pass Bill Averting Shutdown
US Senate Has Enough Votes to Pass Bill Averting Shutdown
The US Senate has enough votes to pass a stopgap spending bill that would keep the federal government
2023-10-01 09:23
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
Xi hails Putin friendship and deep ties between China and Russia
Xi hails Putin friendship and deep ties between China and Russia
Chinese President Xi Jinping hailed his close friendship with Vladimir Putin on Wednesday as he hosted the Russian leader for talks that celebrated their nations'...
2023-10-18 15:47
Charting the Global Economy: ECB Hikes, Cuts Growth Outlook
Charting the Global Economy: ECB Hikes, Cuts Growth Outlook
The European Central Bank raised interest rates this week and trimmed growth estimates as President Christine Lagarde signaled
2023-09-16 17:54
GM reaches deal for access to Tesla's North American chargers
GM reaches deal for access to Tesla's North American chargers
Tesla will open its North American electric vehicle charging network to cars from rival General Motors beginning in 2024, Tesla CEO Elon Musk and GM...
2023-06-09 05:24
Alex Mashinsky, Celsius ‘Master Marketer,’ Peddled Crypto Hope and Hype
Alex Mashinsky, Celsius ‘Master Marketer,’ Peddled Crypto Hope and Hype
Alex Mashinsky claimed he was different. The 57-year-old was the affable, approachable adult of crypto. He boasted that
2023-07-20 02:50
Why is Target pulling some Pride merch? The retailer's response to hostile backlash, explained
Why is Target pulling some Pride merch? The retailer's response to hostile backlash, explained
Target is removing some items and making other changes to its LGBTQ+ merchandise nationwide after intense backlash from some shoppers ahead of Pride month
2023-05-25 02:56
Big Banks Are Finally Giving Depositors a Cut of Windfall From Fed Hikes
Big Banks Are Finally Giving Depositors a Cut of Windfall From Fed Hikes
As big US banks earn more from lending, the question has gnawed: When will depositors see their reward?
2023-07-15 02:17
Dubai International Airport sees 41.6 million passengers in first half of year, more than in 2019
Dubai International Airport sees 41.6 million passengers in first half of year, more than in 2019
Dubai International Airport, the world’s busiest for international travel, says it served 41.6 million passengers in the first half of this year
2023-08-22 11:54
TricorBraun Acquires Broadtree Partners Portfolio Company, CanSource
TricorBraun Acquires Broadtree Partners Portfolio Company, CanSource
CHARLOTTE, N.C.--(BUSINESS WIRE)--Aug 8, 2023--
2023-08-09 03:15
General Motors profits top estimates on limited Q3 strike hit
General Motors profits top estimates on limited Q3 strike hit
General Motors reported better-than-expected quarterly profits Tuesday behind strong US sales and a limited impact from a labor strike that...
2023-10-24 20:17