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Norway pension fund divesting from companies tied to weapon production

Norway’s largest pension fund is divesting from 14 companies involved in producing nuclear missiles and other weapons. Oslo-based KLP, which manages more than 300 billion kroner (US$35.4 billion), said it made the decision after reviewing companies that may violate its guidelines on weapons. “Those excluded are mainly companies that directly or indirectly contribute to the continuing […]

  • November 4, 2021 November 4, 2021
  • 10:00

97% of United Airlines’ employees vaccinated as mandate deadline approaches

United Airlines says more than 97 per cent of its U.S.-based employees are fully vaccinated against the coronavirus now that there’s less than a week before a deadline to get the shots or get fired. The Chicago-based airline said Wednesday that the new figure doesn’t include a “small number” of employees who are seeking a medical or […]

  • September 23, 2021 September 23, 2021
  • 15:00

Uber drivers entitled to same employment benefits as taxi drivers: Dutch court

A court in Amsterdam ruled Sept. 13 that Uber drivers fall under the Dutch taxi drivers’ collective labour agreement — meaning they’re entitled to the same employment benefits as taxi drivers. Uber said it would appeal the ruling. The Amsterdam civil court said in a statement that three judges ruled the legal relationship between Uber and its drivers “conforms to all […]

  • September 14, 2021 September 14, 2021
  • 15:05

Delta Air Lines charging unvaccinated employees on company health plan US$200 per month

Delta Air Lines will charge employees on its company health plan US$200 a month if they fail to get vaccinated against the coronavirus, a policy the airline’s top executive says is necessary because the average hospital stay for the virus costs the airline $40,000. Chief executive officer Ed Bastian said all employees who’ve been hospitalized […]

  • August 25, 2021 August 26, 2021
  • 15:00

Exempting Uber, Lyft drivers from employee classification, benefits unconstitutional: Calif. judge

A judge is striking down a California ballot measure that exempted Uber and other app-based ride-hailing and delivery services from a state law requiring drivers to be classified as employees eligible for benefits and job protections. On Aug. 20, Alameda County Superior Court Judge Frank Roesch ruled that Proposition 22 was unconstitutional. Voters approved the measure […]

  • August 24, 2021 August 24, 2021
  • 15:00

DOJ suing to block Aon’s US$30BN acquisition of Willis Towers Watson

U.S. President Joe Biden’s administration is suing to block the merger of two of the world’s largest insurance brokers, asserting the deal could eliminate competition, raise prices and hamper innovation for American businesses, employers and unions that use the companies’ services. On Wednesday, the U.S. Department of Justice announced the antitrust suit filed in federal […]

  • June 17, 2021 June 17, 2021
  • 09:15

Amazon allowing remote work two days per week post-pandemic

Amazon.com Inc. is allowing its corporate and technology employees to continue working remotely, even after the coronavirus pandemic restrictions start to lift soon across the U.S. The retail giant said those employees can work remotely two days a week and three days days in the office. In addition, they can work remotely from a domestic […]

  • June 11, 2021 June 11, 2021
  • 15:00

U.S. pension funds supporting changes to Exxon board in battle over climate change

As Exxon Mobil Corp. shareholders continue their bid to force the oil giant to deal more aggressively with climate change, several large U.S. institutional investors are backing a slate of alternative directors. The company announced Wednesday that three candidates nominated by a dissident group of shareholders, called Engine No. 1, had been elected to its board […]

  • June 4, 2021 June 4, 2021
  • 09:00

Coinbase soars in market debut, valued near US$86 billion

Coinbase made a rousing debut on Wall Street last week, with shares of the digital currency exchange rising as high as US$429, briefly giving it a market value over $100 billion. Coinbase Global Inc.’s initial public offering happened with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. Digital currencies are being incorporated into business plans […]

  • April 20, 2021 May 18, 2021
  • 09:30

McDonald’s mandating anti-harassment training worldwide

McDonald’s Corp. is mandating worker training to combat harassment, discrimination and violence in its restaurants worldwide starting next year. The training requirement will impact 2 million workers at 39,000 stores worldwide. “It’s really important that we be very clear — a safe and respectful workplace where people feel like they’re going to be protected is […]

  • April 16, 2021 April 16, 2021
  • 15:00