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☆ Uber: Taxi drivers in Australia win $179 million from ride-sharing giant
▼ + stars: | 2024-03-18 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Uber will pay more than 8,000 taxi and hire car drivers in Australia almost 272 million Australian dollars ($179 million) in compensation for losses they suffered after the ride-sharing giant entered the country in 2012, lawyers representing the drivers said Monday. It has also made “significant contributions to various state-level taxi compensation schemes” in Australia since 2018, according to the company. Uber now teams up with taxi drivers in many countries. “This caused loss of income to authorized taxi drivers and operators, and hire car operators. In a statement on its website, Uber Australia said ride-sharing regulations did not exist anywhere in the world when it launched more than a decade ago.

Persons: London CNN — Uber, Maurice Blackburn, Uber, ” Maurice Blackburn, “, ” Uber, —, ”, Elizabeth O’Shea, Letitia James, Lyft, Dhruv Tikekar Organizations: London CNN, Maurice Blackburn Lawyers, New York Locations: Australia, — Victoria, New South Wales, Queensland, Western Australia, United States, United Kingdom, York

☆ Dell workers can stay remote — but they're not going to get promoted
▼ + stars: | 2024-03-16 | by ( Polly Thompson | ) www.businessinsider.com time to read: +9 min

AdvertisementUnder the new policy, staff were told that from May almost all will be classified as either "hybrid," or "remote." Dell told BI in a statement that "in-person connections paired with a flexible approach are critical to drive innovation and value differentiation." The Dell worker lives about a 45-minute drive from the nearest office and works 10-hour shifts four days a week. AdvertisementAnother Dell worker told BI: "I would support that if I actually had team members that were local and would actually go on-site. Period," the senior Dell worker agreed.

Persons: —, Dell, Dell who's, Michael Dell's, CRN, Michael Dell, Cary Cooper, Cooper, There's, Brandon Bell, there's Organizations: Service, Dell, BI, Dell . Dell Technologies, Dell Technologies, National Forum for Health, Getty, Employees, Workers, SEC Locations: Round Rock, United States, Dell, Germany

☆ Takeaways from the Supreme Court arguments over bump stocks and machine guns
▼ + stars: | 2024-02-28 | by ( John Fritze | Devan Cole | ) edition.cnn.com time to read: +7 min

CNN —The Supreme Court’s conservatives pressed the Biden administration Wednesday to justify a federal ban on bump stocks, a device that can convert a semi-automatic rifle into a weapon that can fire far more rapidly. The ATF reclassified the devices as machine guns in 2018. “And through many administrations, the government took the position that these bump stocks are not machine guns.”The court’s liberals seemed more certain the devices fell within what Congress intended when it banned machine guns. “That’s exactly what bump stocks do, as the Las Vegas shooting, vividly illustrated.”Justice Samuel Alito asked the attorney representing the ban’s challenger, Michael Cargill, if he could imagine the reasons why a lawmaker might ban machine guns but not bump stocks. “Bump stocks can help people who have disabilities, who have problems with finger dexterity, people who have arthritis in their fingers.

Persons: Donald Trump’s, Brett Kavanaugh, ensnare, you’re, ” Kavanaugh, Biden, “ That’s, It’s, Barrett, Gorsuch, Amy Coney Barrett, ” Barrett, “, Neil Gorsuch, ” Gorsuch, Elena Kagan, Kagan, ” Brian Fletcher, Fletcher, ” Fletcher, ”, Samuel Alito, Michael Cargill, Jonathan Mitchell, Sonia Sotomayor, ” Kagan, Alito Organizations: CNN, Biden, Trump, Alcohol, Tobacco, Firearms, Explosives, ATF, Las Locations: Vegas

☆ Target workers fired over Stanley cups say the crackdown leaves some of the stores' Starbucks cafés understaffed
▼ + stars: | 2024-02-09 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +8 min

Read previewTarget's swift and severe crackdown on workers who bought one of the trendy Stanley x Starbucks cups last month could lead to another headache — keeping its Starbucks cafés staffed up. Of the 11 recently fired Target employees who have discussed their situations in detail with Business Insider, six worked in their stores' Starbucks cafés, which operate under a license agreement with the coffee company. STLs also told BI that stores are shuffling workers between stores, as they have in the past, to help with coverage. "You have so much paperwork, you have to do so much training, you have to do everything a normal Target Team Lead does, plus all your Starbucks stuff." Barista Jessie Gage told BI she and five coworkers were fired, cutting her store's Starbucks team by half.

Persons: —, STLs, Nickole Smith, weren't, Barista Jessie Gage, aren't, Christina Tavares, Dominick Reuter, Smith, It's Organizations: Service, Stanley, Starbucks, Business, BI, Target, Member Locations: Target's, Starbucks cafés

☆ Most delivery gig work workers won't be impacted by the new fed rule — yet
▼ + stars: | 2024-01-09 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

But gig delivery companies like DoorDash and Instacart say they don't plan to make any changes. AdvertisementIf you make deliveries as a gig worker, don't expect any changes from a new federal rule — at least, not immediately. But companies that rely on gig workers to make deliveries say they won't need to make any changes. Amazon, which employs gig workers through its Flex delivery arm, did not immediately respond to Business Insider's request for comment. Do you work for Instacart, DoorDash, Walmart Spark, Uber Eats, or another gig delivery service and have a story idea to share?

Persons: —, Julie Su, Uber, Loyola University Chicago Professor Peter Norlander, I'm, Norlander Organizations: Service, Department of Labor, Labor, Department, Flex, Loyola University Chicago Professor, Wall Street, Walmart Locations: DoorDash

☆ Trump’s radical second-term agenda would wield executive power in unprecedented ways
▼ + stars: | 2023-11-16 | by ( Kristen Holmes | ) edition.cnn.com time to read: +10 min

Wielding the power of federal law enforcement against political enemies. As he seeks a return to the Oval Office, former President Donald Trump and his allies have promised a sweeping transformation of the federal government that would wield the executive branch’s power in radical and unprecedented ways. However, none of these groups or individuals speak for President Trump or his campaign,” campaign advisers Susie Wiles and Chris LaCivita wrote in a statement. Trump’s campaign has recently brought on policy-focused hires who will help craft his policy messaging and eventually look at proposals from various conservative groups. “Stopping the invasion at our southern border is an urgent national security necessity and one of President Trump’s top priorities.

Persons: Donald Trump, arounds, Trump, Susie Wiles, Chris LaCivita, –, “, Joe Biden, Biden, ”, Stephen Vladeck, Trump’s, —, ” Trump, Privately, He’s, Larry Kudlow Organizations: CNN, Office, Trump, Heritage Foundation, Justice Department, Univision, DOJ, University of Texas School of Law, National Security and Intelligence, Oracle, Pentagon, Department, National Guard, Fox Business Locations: Washington, United States of America, Florida, State, America, Mexico, China, United States

☆ Trump's second-term agenda: punish enemies, fire government workers
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +5 min

Trump would require every federal employee to pass a new civil service test of his own creation. His team is also vetting scores of potential hires who could be counted on to implement his policies or perhaps investigate Trump’s political enemies. Trump also would seek to bring independent regulatory agencies such as the Federal Communications Commission and the Federal Trade Commission under presidential control. EDUCATIONTrump has pledged to require America’s colleges and universities to “defend American tradition and Western civilization” and purge them of diversity programs. On the K-12 level, Trump would support programs allowing parents to use public funds for private or religious instruction.

Persons: Donald Trump, Ted Hendricks, Octavio Jones, Republican Donald Trump, Trump, AFFAIRS Trump, Israel, James Oliphant, Ted Hesson, Andy Sullivan, Jonathan Oatis Organizations: REUTERS, Rights, Republican, Trump, Federal Communications Commission, Federal Trade Commission, Democrats, Congress, U.S . Constitution, U.S, Supreme, AFFAIRS, Ukraine, Paris Climate Accords, Biden White, Justice Department, Thomson Locations: Hialeah , Florida, U.S, United States, China, Mexico, U.S ., Russia, Europe, Paris

☆ Uber, Lyft to pay $328 million to settle wage-theft allegations in New York state
▼ + stars: | 2023-11-02 | by ( Lauren Feiner | ) www.cnbc.com time to read: +4 min

Uber and Lyft agreed to pay a combined $328 million to settle allegations the ride-hailing companies unlawfully withheld wages from drivers and failed to provide mandatory paid sick leave in New York state, Attorney General Letitia James' office said Thursday. Uber will pay $290 million and Lyft will pay $38 million. The state AG's office said it's the largest wage-theft settlement it's won. The companies also agreed to ongoing changes in how they pay drivers and offer benefits in the Empire State. The minimum rate would apply from "dispatch to completion of the ride," according to a press release from the AG's office.

Persons: Dara Khosrowshahi, Uber, Lyft, Letitia James, it's, James, Lyft systemically, they'll Organizations: New York Stock Exchange, Empire State, Black, New York City, Drivers, CNBC, YouTube Locations: New York, Empire, New York City

☆ HSBC's after-tax profit surges over 235% year-on-year, announces $3 billion share buyback
▼ + stars: | 2023-10-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

HSBC's profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in the same period last year. Europe largest bank by assets also saw profit before tax for the quarter rise by $4.5 billion to $7.7 billion, mainly due to a higher interest rate environment. However, the numbers missed expectations by economists, who were forecasting a third quarter profit after tax figure of $6.42 billion and profit before tax of $8.1 billion. HSBC also attributed this to the higher interest rate environment, saying that it has supported growth in net interest income in all of its global businesses. For the nine months ended September, profit after tax stood at $24.33 billion, compared to $11.59 billion in the first nine months of 2022.

Persons: —, NIM Organizations: HSBC Locations: Europe, France, 4Q23, Asia

☆ Net neutrality, blunted under Trump, may soon be revived
▼ + stars: | 2023-10-19 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

Demonstrator on the issue of net neutrality at the U.S. Capitol February 27, 2018 in Washington, DC. Net neutrality is poised for a resurgence after the Federal Communications Commission voted Thursday to begin the process of reestablishing the so-called open internet rules. The vote revives a debate that last came to a head in 2017 when the agency voted to reverse the net neutrality rules created just a couple of years earlier. Republican Commissioner Brendan Carr pointed to statements from Democratic lawmakers in support of net neutrality and called the earlier campaign for the rules a "viral disinformation campaign." "We're now faced with advocates who can't accept that they won and that we have de facto net neutrality," Republican Commissioner Nathan Simington said.

Persons: Democrats Rosenworcel, Gomez, Geoffrey Starks, Carr, Simington, Jessica Rosenworcel, Anna Gomez, Biden, Gigi Sohn, Brendan Carr, We're, Nathan Simington, Rosenworcel, They're Organizations: U.S, Capitol, Federal Communications, Democrats, Democratic, Republican, Communications, Comcast, CNBC, White Locations: Washington ,, California, Sacramento

REUTERS/Athit Perawongmetha/ File Photo Acquire Licensing RightsBANGKOK, Oct 4 (Reuters) - Thailand will close legal loopholes relating to firearm classification and online sales in its gun control efforts, its police chief said on Wednesday, a day after a teenager was arrested following a deadly shooting at a mall that left two people dead. Existing Thai laws on the possession of illegal firearms carry a prison sentence of up to 10 years and a fine of up to 20,000 Thai baht($539.67). Laws have tightened after mass shootings in recent years in Thailand, including a requirement for a medical evaluation for those who want to buy a gun or renew their gun license. And in 2020, a soldier shot and killed at least 29 people in another northeastern Thai city. "The government should learn the lessons from past mass shooting incidents, review the proposed solutions and quickly implement them," Krisanaphong said.

Persons: Athit, Torsak Sukvimol, Torsak, Lazada, Krisanaphong, Panu, Poppy McPherson, Devjyot Ghoshal, Bernadette Baum, Alexandra Hudson Organizations: REUTERS, Rights, Authorities, Thailand's Channel, Rangsit University, Reuters, Singapore's, Alexandra Hudson Our, Thomson Locations: Siam, Bangkok, Thailand, Rights BANGKOK, Southeast Asia, Thai

CNN —A new draft law that would enshrine harsh punishments for women and girls who fail to wear a hijab in Iran could amount to “gender apartheid,” UN experts said in a statement on Friday. “The draft law could be described as a form of gender apartheid, as authorities appear to be governing through systemic discrimination with the intention of suppressing women and girls into total submission,” the experts said. The proposed legislation, which is currently under review by the Iranian parliament, would establish harsh penalties for women who refuse to wear the veil – including long jail sentences. The 70-article draft law also proposes stiff new penalties for celebrities and businesses who flout the rules and the use of artificial intelligence to identify women in breach of the dress code. The draft law came under review by Iranian authorities just weeks ahead of the one-year anniversary of the mass protests sparked by the death of Mahsa Amini, a young woman who died after being stopped by Iran’s morality police in Tehran.

Persons: “, ’, Mahsa, ” Organizations: CNN, UN, ” Locations: Iran, Tehran

☆ Pot firms surge as US move to ease curbs sparks hopes of legalization
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

Shares of cannabis firms Cronos Group (CRON.TO), OrganiGram Holdings (OGI.TO), Aurora Cannabis (ACB.TO), Canopy Growth (WEED.TO) jumped between 6% and 25%. Verano Holdings (VRNO.CD), Green Thumb Industries (GTII.CD), Cresco Labs (CL.CD) and Curaleaf Holdings (CURA.CD) and Goodness Growth (GDNS.CD) rose between 15% and 37%. "Certainly moving cannabis off of Schedule 1 is the right decision and long overdue. The firm held investments in cannabis retailer and producer Green Thumb, and cannabis data platform Flowhub, according to its website. Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: cagey, Ty Collin, Patrick Rea, Green, Arunima Kumar, Sriraj Organizations: Cronos Group, OrganiGram Holdings, Verano Holdings, Green Thumb Industries, Cresco Labs, Curaleaf Holdings, Cannabis ETF, U.S . Department of Health, Human Services, Drug Enforcement Agency, Banking, Poseidon Garden Ventures, Thomson Locations: U.S, Aurora, Bengaluru

☆ Green Thumb Industries CEO talks HHS official's call to reclassify marijuana as low risk
▼ + stars: | 2023-08-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreen Thumb Industries CEO talks HHS official's call to reclassify marijuana as low riskHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: Thumb, CNBC

But automatically calling something cancer can lead to aggressive treatment, even if the cancer in question is unlikely to cause problems. For prostate cancer, a biopsy showing a grade of Gleason 6 (also known as Grade Group 1) is considered low or very low risk. In breast cancer, diagnosis of ductal carcinoma in situ, or DCIS, is similarly low or very low risk, representing the very earliest, noninvasive stage of the disease. These findings make up about 20 percent to 25 percent of all prostate and breast cancer diagnoses in the United States, involving about 100,000 people annually. Accordingly, many make the understandable choice of aggressive treatment they don’t require.

Persons: Gleason, Esserman Locations: United States

Iran’s parliament would work on finalizing the text and voting on the bill “in the next two months,” Mehr said. Extreme punitive measuresThe hijab has long been a point of contention in Iran. The draft law would also mandate broader gender segregation in universities – common hotbeds of civilian protests – and other public spaces. If the bill is passed by parliament, it must also be approved by the regime’s Guardian Council, Raeesi told CNN. Any bill passed by the parliament must be reviewed and approved by the council to become law.

Persons: CNN —, Mahsa Amini, Mehr, ” Mehr, ” Sanam Vakil, ”, General Saeed Montazerolmahdi, Reza Shah’s, shah, Hossein Raeesi, Raeesi, ” Vakil Organizations: CNN, Judicial, of Governors, Chatham, Carleton University, regime’s Guardian Council, Guardian Locations: East, North Africa, London, Iran, Iranian, Ottawa, Canada, Tehran, regime’s

☆ OpenAI's mysterious new headquarters features nap rooms, a two-story library, and lounges for viewing both sunrise and sunset, according to planning documents
▼ + stars: | 2023-07-10 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

It's only fitting then that OpenAI should have a headquarters befitting its status as the vanguard of new AI revolution. But the company has kept details about its San Francisco headquarters a closely guarded secret. A reporter for Insider was even less successful, turned away by a security guard on an intercom who refused even to confirm or deny the existence of an OpenAI office at the location. But we may now have some hints about what it's like inside the offices of the world's most famous AI company, thanks to architectural plans and planning documents viewed by Insider. "It's an impressive space," said Peter Eisenbeiser, a city official who performed the final inspection of the 1960 Bryant Street space.

Persons: OpenAI, Peter Eisenbeiser, Travis Organizations: San Francisco's Mission, Microsoft, San, San Francisco, Florida Street, Bay, Eaton Hall, Architects, Boston Consulting Group Locations: San Francisco's, London, San Francisco, Florida, Seattle

Reuters GraphicsAnalysts said the data underlined that once-booming ESG funds were no longer immune from wider market dynamics. BELOW PEAKNet assets across ESG funds fell in the second quarter and to below recent peaks, according to Refinitiv. Morningstar's global director of sustainability research, Hortense Bioy, said their preliminary data suggested demand for more stringent ESG funds appeared resilient. However, she said that managers' desire to meet European Union regulations had encouraged some firms to reclassify their ESG funds as traditional products, impacting investor flows. The anti-ESG backlash had also hit U.S. firms' appetite for marketing sustainable funds, "which has had an impact on sales," Bioy said on the sidelines of a conference this week.

Persons: outpacing, Edward Glyn, ESG, Hortense Bioy, Bioy, Tommy Reggiori Wilkes, Patturaja, David Holmes Organizations: Equity, Reuters, Reuters Graphics Analysts, outflows, ESG, Reuters Graphics, Thomson Locations: Europe, United States, Calastone

☆ He Tried to Save a Friend. They Charged Him With Murder.
▼ + stars: | 2023-06-25 | by ( Eli Saslow | Erin Schaff | ) www.nytimes.com time to read: +3 min

Instead, they arrested and charged only one person, Askins, who had a criminal record of nonviolent drug offenses. His file showed that he had depression, anxiety and PTSD from being raped by a neighbor when he was 9. Mai left private practice and took a 40 percent pay cut to become a public defender in his home state because he wanted to work cases like this. He had imagined himself fighting for the underdog, standing and delivering in front of a jury like his idol, Clarence Darrow, whose trial victories helped advance the civil rights movement. In his almost two years as a public defender, he had never once taken a case to trial.

Persons: Greg Abbott, “, Marco Rubio, Mai, Suge ”, Drake, Askins, he’d, Clarence Darrow Organizations: Gov, Prosecutors, Republican, Oklahoma City Locations: Oklahoma, Texas, ”, Arkansas, Alaska , California, Florida, Tennessee, Indiana, Missouri, dumpsters

☆ Uber is trying to sway Chicago's mayor and Illinois Democrats against a bill seeking to make rides safer for customers
▼ + stars: | 2023-05-19 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +7 min

An Illinois bill could hold companies like Uber and Lyft liable for harm done to passengers. Uber launched a "pressure campaign" to avoid liability for these incidents, the law group behind the bill said. JB Pritzker, it would eliminate an exemption in Illinois law that has protected ride-hailing companies since 2015. Salvi said Illinois exempted ride-hailing companies from the state's common-carrier civil-liability doctrine in 2015 to "allow them to come to market" and "give them an ability to compete." Moreover, the exemption has protected ride-hailing companies in even more extreme cases.

☆ Japan's service activity grows at record pace in April
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

TOKYO, May 8 - Japan's services activity grew at a record pace in April, a private-sector survey showed on Monday, helped by a boost in consumer spending following the end of COVID-19 pandemic restrictions. New orders expanded at the fastest pace on record, the survey showed, citing a sharp return of spending for travel and tourism. "Around four times as many service providers expect an increase in activity as those that forecast a decline," Moore said. The subindex for employment expanded for a third month and at the fastest pace in four years, helped by stronger demand and confidence. The composite PMI, which combines the manufacturing and services figures, grew at the fastest pace since June 2022.

☆ Japan's service activity grows at record pace in April - PMI
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

☆ Sonic world of animals: Listen to an extinct bird's mating call
▼ + stars: | 2023-04-26 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

What’s sometimes lost in this feast for the eyes is the sonic world of animals — audible to humans in the case of birdsong. Source: British Library“Animals: Art, Science and Sound” showcases the British Library’s wildlife collection, which contains over 250,000 recordings of animals from around the world. Source: British LibraryThe species was declared extinct in 2000. The song of a nightingale Published by the Gramophone Company Ltd. in 1910, it was the first published recording of any animal. Source: British LibraryThe groundbreaking release marked the beginning of commercial wildlife recording that culminated in the 1970s.

☆ Scoot Henderson on being a projected top pick in the 2023 NBA draft and his endorsement deal with Puma
▼ + stars: | 2023-04-10 | by ( John Lynch | ) www.businessinsider.com time to read: +10 min

Scoot Henderson is projected to be one of the top draft picks in the 2023 NBA Draft. So, you know, I'm just blessed that I came here and made the right decision. So I knew it was gonna be pretty tough, and I knew I was gonna really develop from it at a high level. And, uh, like I said, like I'm gonna keep saying, I'm blessed that I came here. And Puma, they gave me that confidence that I needed in a group, and in a brand like Puma, man.

☆ Banks, Investors Revive Push for Changes to Securities Accounting After SVB Collapse
▼ + stars: | 2023-03-21 | by ( Mark Maurer | ) www.wsj.com time to read: 1 min

Some bank executives and investors are reviving calls for changes to U.S. accounting rules around held-to-maturity securities in the wake of the collapse of Silicon Valley Bank, a move that was considered after the financial crisis but largely abandoned after hundreds of banking-industry objections. If banks designate bonds as held-to-maturity securities, the firms are allowed to exclude unrealized losses on them from equity as long as they don’t sell. Banks have to carry HTM instruments at amortized cost, or an adjusted version of the original price they paid. Bonds the banks plan to sell need to be classified as available-for-sale securities and accounted for at fair market value. If banks sell any HTM securities, they must reclassify all of their HTM securities as available for sale and potentially take a big loss on the securities they didn’t sell.

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