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☆ Google removes links to California news sites, citing proposed state law requiring payment to publishers
▼ + stars: | 2024-04-13 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

New York CNN —Google is removing links to California news websites in reaction to proposed state legislation requiring big tech companies to pay news outlets for their content, the company announced Friday in a blog post. “It’s time they start paying market value for the journalism they are aggregating at no cost from local media.”Charles F. Champion, the president and CEO of the California News Publishers Association, said Google is suppressing California news. Google has not responded to CNN’s request for comment about the current state of talks with the Canadian government. The company had a similar reaction to a 2021 Australian law that would require platforms to compensate Australian news outlets for using their content. Google said at the time it would pay publishers through its Google News Showcase instead of paying them for links.

Persons: Tempore Mike McGuire, ”, Assemblymember Buffy Wicks, “, Charles F, we’ve, CJPA, Jaffer Zaidi Organizations: New, New York CNN, Google, California Journalism, Meta, California, Pro, Tempore, ”, California News Publishers Association, Global, Australian Competition, Consumer Commission Locations: New York, California, America, Canada, Australian, Australia

☆ Robinhood is running a 3% IRA match that can boost your retirement savings and reduce your tax payment
▼ + stars: | 2024-02-14 | by ( Business Insider | Sarah Silbert | ) www.businessinsider.com time to read: +7 min

Or with Robinhood Gold, you'll get 3% (rollovers and transfers get 3% until April 30). Earn a 3% match on Robinhood IRA contributionsIf you're a Robinhood Gold customer with a Robinhood IRA, you have an opportunity to make these things a little sweeter. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. Robinhood does not provide tax advice; please consult with a tax adviser before taking an action that may entail tax consequences. The Robinhood IRA is available to any U.S. customer with a Robinhood brokerage account in good standing.

Persons: You'll, you'll, Robinhood, rollovers, Roth Organizations: Robinhood, IRA, Robinhood Securities, LLC, Inc

☆ Why the Cost of Biden’s Climate Law Keeps Going Up
▼ + stars: | 2024-02-08 | by ( Jim Tankersley | ) www.nytimes.com time to read: +1 min

The estimated price tag for President Biden’s clean-energy and climate agenda has effectively doubled since the Inflation Reduction Act was signed into law a year and a half ago. That rising price tag may actually be good for reducing greenhouse gas emissions — and for the U.S. economy. The Inflation Reduction Act, which Democrats passed on a party-line vote in summer 2022, includes tax credits and other subsidies for low-emission energy technologies that are meant to help wean the nation from fossil fuels. The uncapped credits include incentives for manufacturers to build solar-panel or wind-turbine factories, and for consumers to buy electric vehicles. Budget scorekeepers have to estimate how popular those credits will be, in order to forecast how much they’ll cost.

Persons: Biden’s, Biden Locations: U.S

☆ Shopify Fulfillment Network is back — sort of. Here's why it's different this time around.
▼ + stars: | 2024-02-08 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

The new app has a familiar name: Shopify Fulfillment Network. With the new Shopify Fulfillment Network , merchants can sign up to use Flexport's services through Shopify's app. The newly named Shopify Fulfillment Network is not merchants' only option for fulfillment. Wong said the company had also indicated Flexport would not be the exclusive provider for Shopify Fulfillment Network. "They've definitely given themselves more choices than there were before when it was just Shopify Fulfillment Network or bust," he said.

Persons: Shopify, Tobi Lütke, Oppenheimer, Ken Wong, Wong, It's, Flexport, They've Organizations: Shopify Logistics, Business, Shopify, Flexport, Amazon Locations: Flexport, mlstone@protonmail.com

☆ Silicon Valley engineers joked you'd go to LinkedIn to retire. Then came the PIPs and layoffs.
▼ + stars: | 2024-01-12 | by ( Jyoti Mann | Grace Kay | ) www.businessinsider.com time to read: +12 min

"For years, there was a semi-joke that some people in Big Tech go to LinkedIn to retire," a current engineer told BI. Amid a transformative year for the social network, LinkedIn spokesperson Nicole Leverich said the company has continued to prioritize its employees. The golden days of growthSome LinkedIn workers like to reminisce about what one engineer called the "golden days." AdvertisementLinkedIn rates its workers on a scale of one to five, seven workers told BI. AdvertisementA current engineering manager added that the goalposts for performance reviews had shifted.

Persons: —, Satya Nadella, we've, It's, Nicole Leverich, Leverich, you'd, Mohak Shroff, ChatGPT, We're, Ryan Roslansky, Kelly Sullivan, he'd, hadn't, Roslanksy, Brian Wieser Organizations: Service, LinkedIn, Business, BI, Microsoft, Big Tech, Google Locations: Big, Madison

My father-in-law retired comfortably at 63 by following a few simple money rules. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. For me and my family, getting on a budget has been key to paying off debt, saving, and investing more for our future. Since I paid myself first, I already made progress on all my saving and investing goals. Paying yourself first is a great habit that can teach you to mentally prioritize saving, investing, and your personal financial goals.

Persons: —, we've, I've, what's Organizations: Service, Robinhood

She advises not to wait to learn about credit and debt, to save for retirement, or to sign up for a 401(k) if you can. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Cox shares three areas where procrastinating with your money goals can cost you down the road. "Take the time to educate yourself on how credit works (payments, late payments, credit scores , credit mix, utilization ) before you get a credit card ," Cox says. When you miss out on saving for a decade of your life (your 20s), you may need to win the lottery to make up that time in saving," Cox told Business Insider.

Persons: Lynnette, Cox, —, Robinhood Organizations: Service, Resilience, Business, Robinhood

☆ Top Wall Street analysts expect these dividend stocks to enhance total returns
▼ + stars: | 2023-12-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Dividend-paying stocks give investors a combination of potential price appreciation and income, which can enhance total returns. Bearing that in mind, here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. (See Sunoco Hedge Funds Trading Activity on TipRanks)VICI PropertiesOur next dividend stock is VICI Properties (VICI), a real estate investment trust. For the third quarter, the company declared a cash dividend of $0.415 per share, reflecting a 6.4% increase. For the third quarter, the company declared a cash dividend of $2.09 per share, payable on Dec. 14.

Persons: Mike Blake, Wall, Elvira Scotto, Scotto, TipRanks, Sunoco, VICI, Simon Yarmak, Yarmak, Christopher Horvers, Horvers Organizations: Reuters, Energy, Crestwood Equity Partners, RBC Capital, MGM, North American, JPMorgan, TipRanks, Walmart Locations: Encinitas , California, U.S, Crestwood, Vegas

☆ Gen Z wants to retire early, but an expert who has helped people with money for 20 years says 3 things could stand in their way
▼ + stars: | 2023-12-01 | by ( Jennifer Streaks | Senior Personal Finance Reporter | Read More | ) www.businessinsider.com time to read: +4 min

Gen Z is the youngest generation in the workforce and many members want to retire early. Gen Z is in the workforce … and they are already looking for the exits. Gen Z is starting out with less money, more expenses, and higher costs." Here are a few issues Tisdale says Gen Zers could see impact their early timeline for retirement:1. What might help Gen Z reach their goal"It's important for Gen Z, since they are just getting started, to learn business basics and educate themselves on entrepreneurship, side hustles, and investing," Tisdale told Personal Finance Insider.

Persons: —, Gen Zers, Stacey Tisdale, Gen Z, Tisdale, Zers, Gen, Robinhood, Z Organizations: Service, Transamerica Center, Retirement Studies, Finance

☆ An expert who spent 6 years studying financial behavior says retirement can sneak up on women — but there are 3 ways to get ahead of it
▼ + stars: | 2023-11-21 | by ( Jennifer Streaks | Senior Personal Finance Reporter | Read More | ) www.businessinsider.com time to read: +4 min

Retirement saving can be difficult for women because of lower wages and time out of the workforce. To avoid being unprepared for retirement, women should start saving for retirement as early as their 20s. Start saving early, get out of debt, and create multiple streams of income. If women can start saving as early as possible, as early as their 20s, she says, they will be better prepared for retirement. Save often and start early"It's important for women to start saving money for retirement as early as possible," Tisdale told Business Insider.

Persons: —, Stacey Tisdale, Tisdale, Robinhood, " Tisdale Organizations: Service

☆ Koeman picks Verbruggen as goalkeeper for qualifier against Ireland
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

“Bart Verbruggen will keep goal this week. I think that’s logical on the basis of the last two matches that we played,” Koeman told a press conference on Tuesday. Verbruggen won his first caps in the 2-1 home loss to France and 1-0 victory in Greece in Euro 2024 qualifying last month. “He has developed nicely at his young age,” Koeman said of the 21-year-old Verbruggen. Since Koeman took over this year, he has used Jasper Cillessen, who is now out of favour, Bijlow, Flekken and Verbruggen.

Persons: Bart Verbruggen, Ed Sykes, Ronald Koeman, Verbruggen, Justin Bijlow, Mark Flekken, “ Bart Verbruggen, ” Koeman, Bart, uncapped Andries Noppert, Louis van Gaal, Koeman, Jasper Cillessen, “, Nathan Ake, Steven Bergwijn, Brian Brobbey, Uncapped, Thijs Dallinga, Mark Gleeson Organizations: Soccer Football, Premier League, Everton, Brighton & Hove Albion, Goodison, Hove, Republic of Ireland, Anderlecht, Hato, Ajax Amsterdam, Uncapped Toulouse, Thomson Locations: Liverpool, Britain, Brighton, AMSTERDAM, Netherlands, Republic of, Amsterdam, Germany, Brentford, France, Greece, Gibraltar, Faro, Portugal, Qatar, Cape Town

☆ Endrick: 17-year-old Real Madrid-bound sensation earns milestone Brazil national team selection
▼ + stars: | 2023-11-07 | by ( Manav Tanneeru | Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —17-year-old Real Madrid-bound sensation Endrick has earned a milestone call up to the senior Brazil men’s national team. Interim Canarinha head coach Fernando Diniz announced his squad on Monday for Brazil’s 2026 World Cup qualifier later this month and revealed that the uncapped Endrick will feature in the national team for the first time. In doing so, the Palmeiras breakout star became the youngest player to get a senior Seleção call-up since iconic striker Ronaldo Nazario in 1994. Ronaldo – nicknamed O Fenômeno – is considered one of the greatest soccer players of all time and won the World Cup twice with Brazil. The top six teams automatically qualify for the 2026 World Cup which is being hosted in the US, Canada and Mexico, while the seventh-placed nation must go through a play-off to reach international soccer’s showpiece competition.

Persons: Endrick, Fernando Diniz, Ronaldo Nazario, Ronaldo –, “, ” Diniz, It’s, Ricardo Moreira, Ronaldo, Ballon d’Or, Pedro, Atlético Mineiro’s, Neymar, Éder Militão Organizations: CNN, Brazil men’s, Interim, Palmeiras, Real Madrid, Brazilian, Corinthians, Brazil, Brighton, Hove Albion’s, Argentina, South Locations: Real Madrid, Brazil, Real, Spain, Qatar, Hove, Porto, Pepê, Colombia, Baranquilla, Rio de Janeiro, Canada, Mexico

☆ The nonstop sparring match between Justice Samuel Alito and Solicitor General Elizabeth Prelogar
▼ + stars: | 2023-11-06 | by ( Joan Biskupic | ) edition.cnn.com time to read: +16 min

CNN —Justice Samuel Alito is the tip of the spear for conservatives challenging the Biden administration during oral arguments at the Supreme Court. Solicitor General Elizabeth Prelogar is the Biden administration’s top lawyer at the court, defending the policies that are the source of much of Alito’s consternation. “I think our best example historically is the Customs Service,” Prelogar responded. The Biden administration was backing admissions practices that considered students’ race as a factor in admissions to achieve campus diversity. “No, Justice Alito,” Prelogar said.

Persons: Samuel Alito, Biden, He’s, Elizabeth Prelogar, Alito, Prelogar, Ronald Reagan, George H.W, Bush, George W, Sandra Day O’Connor, ” Prelogar, Ruth Bader Ginsburg, Elena Kagan, Robert Mueller, Joe Biden, –, ” Alito, “, ”, John Roberts, Roberts, I’m, It’s, ” Alito interjected, ’ Jeffrey Wall, Trump, …, Wall, We’re, Justice Alito, Juliet, Friar Laurence, Brett Kavanaugh, Ketanji Brown Jackson, Friar, Taylor Swift, Friar Lawrence, “ I’m Organizations: CNN, Supreme, Princeton, Yale Law School, Department of Justice, Emory University, Harvard Law School, Miss, ahs, Senate, Republicans, Democrats, Consumer Financial, Federal Reserve System, Customs Service, Biden, FDA, OSHA, Occupational Safety, Health Administration, Harvard, University of North, America, United States, Fair, Shakespeare Theatre Company, Verona Locations: Trenton , New Jersey, New Jersey, Boise , Idaho, Miss Idaho, University of North Carolina, America, ”, Verona, Washington

The Biden Administration proposes a crackdown on "junk fees" in retirement savings plans. However, high expense ratios in your account may be cutting into your future retirement savings. But there are still some preventive steps you can take to minimize any potential "junk fees" in your retirement savings plan. 4 ways to lower 'junk fees' in your retirement planThe Biden Administration wants to crack down on "junk fees" in 401(k)s and other investment accounts. Until then, here are four steps you can take to lower fees in your retirement savings plan.

Persons: Biden, —, Charles Schwab, Robinhood, Judy Diamond's, Roth, it's, Teresa Bailey, Chloe Wohlforth Organizations: Service, US Department of Labor, Biden Administration, Employers, Mutual, Roth IRA, Waddell & Associates, Robinhood, Department of Labor, CFP, Angeles Wealth Management

401(k) contribution limits are increasing from $22,500 to $23,000 in 2024, and from $30,000 to $30,500 for those age 50 or older. IRA contribution limits are increasing from $6,500 to $7,000 in 2024, and from $7,500 or $8,000 for those 50 and older. Learn about the new 2024 contribution limits and how to make the most of these changes. 401(k) and IRA contribution limits in 2024Every year the contribution limits for individual and joint retirement savings plans increase as the cost of living in the US goes up. So if you're eligible, you can contribute an additional $7,500 to your traditional 401(k), Roth 401(k), 403(b), Thrift Savings Plan, and most 457 plans.

Persons: —, It's, there's, Roth, you'll, Robinhood Organizations: IRS, Service, Savings, IRA Locations: That's

☆ Canada news industry body backs Google's concerns about online news law
▼ + stars: | 2023-10-12 | by ( Ismail Shakil | ) www.reuters.com time to read: +3 min

The logo of Google LLC is seen at the Google Store Chelsea in New York City, U.S., January 20, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsOTTAWA, Oct 12 (Reuters) - A Canadian news industry body on Thursday lent support to some of Google's concerns about a new law that aims to make large internet companies share advertising revenue with news publishers in the country. Canada tried addressing tech companies' concerns about the law in draft rules released in September, but Google and Meta Platforms META.O were not convinced. "We are aligned that there should be a firm ceiling, rather than a floor on financial liability," Deegan said in the statement. "We will continue to engage those with questions or concerns, including tech giants," Heritage Minister Pascale St-Onge said in a statement, adding that Ottawa will be reviewing submissions received during public consultation for the draft rules.

Persons: Shannon Stapleton, Paul Deegan, Deegan, Pascale St, Onge, Ismail Shakil, Jonathan Oatis Organizations: Google, Chelsea, REUTERS, Rights OTTAWA, News Media Canada, Globe and Mail, Toronto Star, NMC, Globe, Thomson Locations: New York City, U.S, Canada, Ottawa

☆ Fiji prop Koroiduadua ruled out of World Cup, Tuqiri in
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

LYON, Sept 24 (Reuters) - Fiji prop Jone Koroiduadua has been ruled out of the rest of the World Cup by injury and will be replaced in the squad by the uncapped Emosi Tuqiri, the team said on Sunday. Koroiduadua, who plays in Super Rugby Pacific for the Fijian Drua, made his debut off the bench in the warm-up loss to France in Nantes last month. The 26-year-old also featured in Fiji's warm-up win over England but missed out on selection for the first two matches of the tournament proper, the narrow loss to Wales and Fiji's first win over Australia in 69 years. Born in Fiji and raised in Australia, Tuqiri is a big, ball-carrying prop who also plays for the Drua and is a cousin of former Wallabies Lote Tuqiri and Tevita Kuridrani. The 22-year-old former Fiji under-20 international will arrive in France later this week and join the squad as it prepares for the Pool C clash against Georgia next Saturday.

Persons: Jone Koroiduadua, Tuqiri, Koroiduadua, Fiji's, Wallabies Lote Tuqiri, Nick Mulvenney, Hugh Lawson Organizations: Super Rugby Pacific, Fijian, England, Wales, Australia, Wallabies, Georgia, Thomson Locations: Fiji, France, Nantes, Australia

☆ Student-loan borrowers' biggest defender in the government is in jeopardy
▼ + stars: | 2023-09-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

The ruling could have significant implications for student-loan borrowers — and consumers nationwide. As federal borrowers have been gearing up for the return to loan repayment in October, the agency cracked down on companies that it accused of illegally charging borrowers for normally free debt-relief services. The Supreme Court is hearing oral arguments on the case on October 3. The CFPB's enforcement actions against this type of illegal conduct are important to protecting borrowers' financial security and obtaining their money back." Now consumers will have to wait and see how the Supreme Court views a top federal consumer watchdog's constitutionality.

Persons: Sen, Elizabeth Warren of Massachusetts, Shahid Naeem, Naeem, Dodd, Frank Wall, Bill Clark, Devin Watkins, they're, beholden Organizations: Service, Supreme, Financial, Community Financial Services Association of America Ltd, Consumer Financial, Federal Reserve, Fifth Circuit, Trump, Fifth, Financial Services Association of America, American Economic Liberties, Congress, Frank Wall Street Reform, Consumer, Federal Deposit Insurance Corp, Inc, Getty, Competitive Enterprise Institute, American Association of, Social Security Locations: Wall, Silicon, Washington , DC

☆ CPAP Maker Reaches $479 Million Settlement on Breathing Device Defects
▼ + stars: | 2023-09-07 | by ( Christina Jewett | More About Christina Jewett | ) www.nytimes.com time to read: +1 min

The economic claims amount is uncapped, which will permit other device users to apply for compensation. This tentative settlement, which is subject to federal court approval, does not address other significant claims in the plaintiffs’ cases involving personal injury or the cost of medical care related to use of the breathing machines. The company has faced a multiyear setback, after beginning recalls in the United States of about five million of its breathing machines, which are intended for people with sleep apnea and other maladies. The lawsuits have claimed that flaking foam and gasses emitted from the machines were linked to health issues including respiratory illnesses, lung cancer and death. The foam was used in the machines to reduce noise and vibration.

Persons: Philips Respironics, Philips Locations: United States

☆ Canada says addressing Google, Facebook concerns over online news law
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. Facebook and Google will need to voluntarily negotiate deals with news publishers in Canada and pay a portion of their global revenues, based on a set calculation, according to the draft regulations. Both companies have said that the law is unworkable for their businesses, and Meta has already ended news sharing on its platforms in Canada. Google also plans to block news from search results in Canada before the law comes into effect. Agreements that Google and Facebook reach must also cover independent local, Indigenous and official language minority community news businesses, according to the draft regulations.

Persons: Dado Ruvic, Alphabet's, Ismail Shakil, David Ljunggren, Mark Porter Organizations: REUTERS, Rights, Google, Canada's, Facebook, Meta, Canadian, Canadian Radio, Telecommunications Commission, Thomson Locations: Canada, Ottawa

☆ England's Stokes comes out of ODI retirement ahead of World Cup
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

Stokes retired from ODIs last July, two months after being named England's test captain, and the reversal opens the door for him to play in their 50-overs World Cup title defence in October and November. "I am certain that every fan will enjoy seeing (Stokes) back in an England ODI shirt again," national selector Luke Wright said in a statement. He also hit a match-winning unbeaten 52 to lead England to the Twenty20 World Cup title last year, with victory over Pakistan in the final in Melbourne. White-ball coach Matthew Mott had said earlier that Stokes would be welcomed back into the ODI squad with open arms. England will play four T20s against New Zealand starting on Aug. 30, followed by a four-match ODI series from Sept. 8-15They face New Zealand in their World Cup opener on Oct. 5 in Ahmedabad, India.

Persons: Ben Stokes, Australia's Pat Cummins, England's Moeen, Andrew Boyers, Stokes, Luke Wright, Matthew Mott, Gus Atkinson, Atkinson, Josh Tongue, John Turner, Hritika Sharma, Simon Jennings, Peter Rutherford Organizations: England, New Zealand, Australia, Ireland, New, Zealand, Thomson Locations: Australia, London, Britain, England, Pakistan, Melbourne, Surrey, New Zealand, Ahmedabad, India, Hyderabad

☆ Moody misses out on NZ squad for World Cup, Retallick included
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +3 min

Rugby Union - 2018 Bledisloe Cup Rugby Championship - Australia v New Zealand - Eden Park, Auckland, New Zealand - August 25, 2018 - New Zealand's Joe Moody celebrates with teammates after scoring a try. "But with the compilation of his time off and our programme, having to go into the first part of this World Cup fully loaded, we just want him to go and get some game time. "So whether it'll be round one, round two of the World Cup, we're not sure. Retallick's frequent second-row partner Sam Whitelock was selected for his fourth World Cup. The All Blacks will play the Springboks at Twickenham in London on Aug. 25 and start their World Cup campaign against hosts France in Paris on Sept. 8.

Persons: Joe Moody, Ross Setford, Brodie Retallick, Sam Cane, Loosehead Moody, Ian Foster, We've, he's, Retallick, Josh Lord, Foster, we're, Sam Whitelock, Braydon Ennor, David Havili, Finau, scrumhalf Brad Weber, George Bell, Codie Taylor, Dane Coles, Samisoni Taukei'aho, Ethan de Groot, Fletcher Newell, Nepo, Ofa, Tamaiti Williams, Tyrel Lomax, Scott Barrett, Tupou Vaa'i, Ardie Savea, Dalton Papalii, Luke Jacobson, Shannon Frizell, Aaron Smith, Finlay Christie, Cam Roigard, Beauden Barrett, Damian McKenzie, Richie Mo'unga, Anton Lienert, Jordie Barrett, Rieko Ioane, Caleb Clarke, Emoni Narawa, Leicester Fainga'anuku, Mark Telea, Will Jordan, Nick Mulvenney, Jamie Freed Organizations: Rugby Union, Rugby, REUTERS, All Blacks, Australia, Braydon, Wallabies, last, South, Blacks, Springboks, Twickenham, France, Thomson Locations: New Zealand, Eden, Auckland , New Zealand, France, Hawkes Bay, New, Dunedin, Europe, South Africa, London, Paris, Lincoln

☆ I'm a generative AI startup founder who got into Y Combinator this year. But I turned them down for Neo, another smaller accelerator program. Here's why.
▼ + stars: | 2023-07-25 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +5 min

Here's why my cofounder and I decided to go with Neo and turned down a spot in Y Combinator. We also worked at another YC company, Fractional, after that too. So we changed ideas, and I think YC was maybe not too happy about that. I do think YC, outside of Silicon Valley, is still a bigger name, and there's a huge number of unicorns that have come out of there. If you're a B2B company, YC is probably a better buy, because YC's network can be great for finding new customers.

Persons: Combinator, Wesley Tian, Ali Partovi, scrappy, Neo's, Reid Hoffman, Erik Goldman Organizations: YC Locations: Aragon, Silicon Valley, Oregon

☆ Australia No.3 bank clinches union deal for staff to work from home
▼ + stars: | 2023-07-14 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

SYDNEY, July 14 (Reuters) - National Australia Bank (NAB) (NAB.AX), the No.3 lender, reached a deal that lets employees work from home, a union said on Friday, one of the world's first to give private-sector staff legal protection for remote work. This week the Australian federal body that sets public sector wages also agreed to a union request for uncapped work from home days. Some of Australia's biggest companies, including NAB and larger rival Commonwealth Bank of Australia (CBA) (CBA.AX), have set minimum office attendance requirements. A CBA spokesperson said the bank respected its existing union agreement "and those matters that require consultation". 2 bank Westpac (WBC.AX) and the FSU are currently negotiating a new enterprise deal which includes the question of whether to allow work from home, the union said.

Persons: CBA's, Byron Kaye, Jamie Freed, Lincoln Organizations: SYDNEY, National Australia Bank, NAB, Finance Sector Union, FSU, Australia's, Commonwealth Bank of Australia, CBA, Fair, Commission, Westpac, Thomson

☆ Australia No.3 bank reaches union deal that lets staff work from home
▼ + stars: | 2023-07-14 | by ( Byron Kaye | ) www.reuters.com time to read: +2 min

SYDNEY, July 14 (Reuters) - National Australia Bank (NAB) (NAB.AX), the country's No.3 lender, reached a deal that lets employees work from home, a union representing staff said on Friday, one of the first in the world to give legal protection for remote work. The deal breaks new ground in a global standoff between private sector companies and their staff since employers started calling an end to home-working arrangements that were precipitated by COVID-19. Some of Australia's biggest companies, including NAB's larger rival Commonwealth Bank of Australia (CBA) (CBA.AX), have set minimum office attendance requirements but the country's capital city office vacancies remain around one-sixth, far higher than pre-pandemic levels. The deal comes after the FSU took CBA, the country's biggest bank which has 49,000 staff, to the industrial regulator this week over a directive to return to the office 50% of the time. In Australia, the federal government agency that sets public sector wages agreed this week to a union request for uncapped days spent working from home.

Persons: CBA's, Byron Kaye, Jamie Freed Organizations: SYDNEY, National Australia Bank, NAB, Finance Sector Union, FSU, Australia's, Commonwealth Bank of Australia, CBA, Fair, Commission, Thomson Locations: U.S, Australia

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