Fortune Sky is Your Go-to Source for the Latest Finance News, Covering Markets, Business, Industries and Internet.
⎯ 《 Fortune • Sky 》
What to stream this week: Post Malone, Zach Galifianakis, 'This Fool,' Thandiwe Newton and 'Heels'
What to stream this week: Post Malone, Zach Galifianakis, 'This Fool,' Thandiwe Newton and 'Heels'
This week’s new entertainment releases include a new album from Post Malone, a movie starring Zach Galifianakis about the creation of the cute collectable Beanie Babies and a video game for the whole family with Disney Illusion Island
2023-07-24 12:16
Aviation World Gathers for Week of Dealmaking: Paris Update
Aviation World Gathers for Week of Dealmaking: Paris Update
Aviation executives descend upon Paris this week for the first air show in the city in four years.
2023-06-19 15:19
Erdogan Seals Election Victory in Turkey to Defy Naysayers
Erdogan Seals Election Victory in Turkey to Defy Naysayers
Turkish President Recep Tayyip Erdogan sealed an election victory that appeared unlikely just weeks ago, raising the prospect
2023-05-29 01:54
Senator Tuberville Digs In on Blocking 300-Plus US Military Promotions
Senator Tuberville Digs In on Blocking 300-Plus US Military Promotions
Tommy Tuberville is digging deeper on his single-senator blockade, which has already stalled 301 US military promotions, with
2023-09-06 04:52
Hit App Temu Weighs Super Bowl Return as Shein Rivalry Heats Up
Hit App Temu Weighs Super Bowl Return as Shein Rivalry Heats Up
Temu, the bargains shopping app that in just over a year has overtaken Shein in the US, is
2023-11-29 09:53
CEE FX set to weaken as rate cuts come into view: Reuters poll
CEE FX set to weaken as rate cuts come into view: Reuters poll
By Jason Hovet and Alan Charlish WARSAW/PRAGUE Central European currencies are expected to weaken over the next 12
2023-07-06 15:22
Starbucks' sales in China come roaring back
Starbucks' sales in China come roaring back
Starbucks' China business is back after dropping due to Covid restrictions last year.
2023-08-02 06:17
DoorDash to pay $1.6M to its workers for violating Seattle sick time policy
DoorDash to pay $1.6M to its workers for violating Seattle sick time policy
DoorDash will pay $1.6 million to its workers after a city of Seattle investigation found the company failed to implement the city’s required sick and safe time policy
2023-08-26 05:27
CSX misses quarterly revenue estimates on waning volumes
CSX misses quarterly revenue estimates on waning volumes
U.S. railroad operator CSX Corp missed Wall Street estimates for second-quarter revenue on Thursday, hit by a decline
2023-07-21 05:29
Russia says Ukraine grain export deal 'ended'
Russia says Ukraine grain export deal 'ended'
The Kremlin on Monday said it was exiting a major agreement to facilitate Ukraine grain exports hours after drones struck Russia's only bridge connecting its...
2023-07-17 22:46
Australia’s Leading Grocers to Face Senate Inquiry into Pricing
Australia’s Leading Grocers to Face Senate Inquiry into Pricing
Australia’s supermarket chains will be forced to answer an inquiry by the nation’s senate regarding their profits, as
2023-12-03 06:15
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 15:54