The Guardian - Business (4 days ago)
Exclusive: Rideshare company failed to gather evidence that driver with near-perfect rating had breached its code of conduct, tribunal findsFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastUber has been ordered to pay $10,000 in damages to an Australian driver after it...
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Interest rate cut hangs in balance after ONS figures show annual pay growth eased to 5.7% in three months to MayBusiness live – latest updatesUK wage growth slowed in May to the lowest level in two years amid a cooling jobs market, underscoring the challenge for the Bank of England as policymakers decide whether to cut interest rates.Figures from...
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As the world recovers from the largest IT outage in history, it shows the danger of one point of failure in IT infrastructureA global IT failure wreaked havoc on Friday, grounding flights and disrupting everything from hospitals to government agencies. Over all the chaos hung a question: how did a flawed update to Microsoft Windows software bring...
ReadThe Guardian - Business (4 days ago)
Company says it is 'revising' work for shoe designed for 1972 Munich Olympics, where 11 Israelis were killed by Palestinian terroristsAdidas has pulled images of the model Bella Hadid from adverts promoting a sports shoe first launched to coincide with the 1972 Munich Olympic Games.The German-based sportswear company said it was "revising” its...
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Police say Serbian man detained near Paris after 74-year-old Ian Cameron was stabbed to death at home in GermanyThe alleged killer of a British former Rolls-Royce designer who was stabbed to death at his home in Bavaria last week has been arrested outside Paris after a Europe-wide search, German police said. A motive was not immediately...
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Yale Law School graduate found allies in tech billionaires including Peter Thiel who rallied privately for himWhen JD Vance was a student at Yale Law School in 2011, he attended a talk featuring Peter Thiel, the conservative tech billionaire. Although Vance didn't know Thiel at the time, over the next decade he would become Thiel's employee, friend...
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Streaming service's ad-supported subscription and live event streaming saw revenue reach $9.5bn in latest quarterThe international success of hits including Baby Reindeer and Bridgerton helped Netflix gain another quarter of revenue increases, as the streaming giant continued to draw in subscribers with ad-supported subscriptions and live events...
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Marathon Petroleum predecessor warned of potential for 'social and economic calamities' in decades-old publicationThe corporate predecessor to America's largest refiner of oil, Marathon Petroleum, explained in a company periodical nearly 50 years ago that global temperature rise potentially linked to "industrial expansion” could one day cause...
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But experts says full recovery from Friday's IT failure could take weeksA "significant” number of the 8.5m devices affected by last week's global IT outage are back online, according to the cybersecurity company at the centre of the incident.CrowdStrike said it was also testing a technique to reboot systems more rapidly, amid warnings from...
ReadThe Guardian - Business (4 days ago)
Some top backers throw weight behind Harris amid flood of grassroots donations but others pointedly decline to do soTop Democratic donors helped end Joe Biden's re-election bid in the past weeks by publicly and privately calling on him to stand aside, and threatening to pull their funds.In the hours after he withdrew from the campaign, some of the...
ReadThe Guardian - Business (4 days ago)
Countries and companies involved in oil and gas extraction to be asked to join scheme aimed at tackling global heatingFossil-fuel producing countries and companies are being asked to pay into a new international fund to help poor countries cope with the effects of the climate crisis.The climate investment fund is being set up by the Azerbaijan...
ReadThe Guardian - Business (4 weeks ago)
The Google futurist talks nanobots and avatars, deepfakes and elections – and why he is so optimistic about a future where we merge with computersThe American computer scientist and techno-optimist Ray Kurzweil is a long-serving authority on artificial intelligence (AI). His bestselling 2005 book, The Singularity Is Near, sparked imaginations...
ReadThe Guardian - Business (4 weeks ago)
Study reveals support for measures to maintain public services, regardless of impact on household financesTwice as many Britons support tax increases to pay for public services as those who believe they should be reduced even if it means further public service cuts, according to new a report.A study released by abrdn Financial Fairness Trust, a...
ReadThe Guardian - Business (4 weeks ago)
Nursery and garden centre trade bodies write open letter saying problems at border need to be urgently fixedNurseries and garden centres across Britain and Europe have warned that new post-Brexit border posts are not working properly and are leading to delays, damage and significant extra costs for importers bringing plants into Britain.The...
ReadThe Guardian - Business (4 weeks ago)
Agustín Carstens says world economy on course for 'smooth landing' after inflation but political turmoil poses riskRising government debt levels could disturb global financial markets, the head of the body that advises central banks said on Sunday before France's high-stakes parliamentary elections.Agustín Carstens, the general manager of the...
ReadThe Guardian - Business (4 weeks ago)
Alternatives to costly Wegovy and Saxenda will make such treatments more widely available worldwideOzempic maker invests $4bn to meet US 'skinny jab' demandMedicines that enable dramatic weight loss are likely to experience a new boom in uptake, experts have said, as the first generic versions hit the market this week at a lower cost than the...
ReadThe Guardian - Business (4 weeks ago)
Ride-share companies sign off on $175m settlement that will give workers paid sick leave and other protectionsUber and Lyft drivers will be guaranteed among the highest wages in the US for ride-share workers under a historic deal agreed with Massachusetts prosecutors.Andrea Campbell, the state's attorney general, and the two companies agreed to a...
ReadThe Guardian - Business (4 weeks ago)
From its sprawling HQ in Tennessee, Mars is courting the next generation of high-spending pet ownersProm Week has arrived in Tennessee, and the class of 2024 is lined up in suits and crowns, posing for pictures by the red carpet. Who says four legs and a tail should stop you from going to the ball?It's just another day in doggy daycare. As well as...
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KLP divests from US bulldozer company over alleged contribution to construction of illegal Israeli settlementsNorway's largest pension fund has cut ties with Caterpillar due to the US bulldozer company's alleged contribution to the construction of illegal settlements and other human rights violations by Israel's armed forces in the West Bank and...
ReadThe Guardian - Business (A month ago)
A Carbon Tracker report shows the cost to safely shut down low-producing wells is $3bn more than what they earnThis story is co-published with DeSmogThousands of oil and gas wells across Colorado cannot generate enough revenue to cover their own cleanup costs, according to a new report. Unless state officials act "simply and quickly”, it says,...
ReadThe Guardian - Business (A month ago)
Unite says upcoming walkout at the plant, which was set to close in September, is 'for the future of the steel industry'Tata Steel has told workers it could to cease operations at its steel plant in Port Talbot months earlier than planned because of a strike.The company had been planning to shut down one of the blast furnaces by the end of June and...
ReadThe Guardian - Business (A month ago)
Investigation launched after airline reported a suspicious network popped up during a domestic flight in AprilFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastA man has been charged after he allegedly set up fake free wifi networks at Australian airports and on domestic...
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