By Amy Lv and Dominique Patton BEIJING China is set to export the most steel this year since

Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings

After a sharp stock rally this year on the back of resilient economic growth, investors now have a

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

Three major U.S. regional banks met or beat profit expectations on Wednesday as higher interest rates allowed them

Democrats in Congress are pushing for a new round of money to keep the nation’s child care industry afloat, saying thousands of providers are at risk of closing when their federal pandemic relief runs out this month

By Katherine Masters NEW YORK When Nike reports its results for the key back-to-school shopping season on Thursday,

Japan’s impressive stock rally may cool in the second half of this year as the highly cyclical market

Investors betting on an extension of Baidu Inc.’s market-beating rally may be due for a reality check as

By Shankar Ramakrishnan Investor appetite for a type of debt issued mostly by banks to boost their capital

By Rae Wee SINGAPORE Sterling was struggling to recover from a sharp fall on Thursday following UK inflation

TEL AVIV, Israel (AP) — The Israeli government’s adoption of the first part of a controversial judicial overhaul on Monday unleashed turbulence in the streets of Israel and in the halls of the Knesset.