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 […]
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 […]
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 […]
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 […]
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 […]
Amazon workers voted against forming a union at a warehouse in Alabama, handing the online retail giant a decisive victory and cutting off a path labour activists had hoped would lead to similar efforts throughout the company and beyond. After months of aggressive campaigning from both sides, 1,798 warehouse workers ultimately rejected the union, while […]
Uber is giving its U.K. drivers the minimum wage, pensions and holiday pay, following a recent court ruling that said they should be classified as workers and entitled to such benefits. The ride hailing giant’s announcement March 16 comes after it lost an appeal last month at the U.K. Supreme Court following a yearslong court […]
Ahead of International Women’s Day next week, the European Union Commission announced it’s imposing new rules to make pay levels public in order to make it easier for women to challenge wage imbalances and close the gender pay gap. “For equal pay, you need transparency. Women must know whether their employers treat them fairly,” says […]
Uber drivers in Britain should be classed as “workers” and not self-employed, the U.K. Supreme Court ruled Feb. 19, in a decision that threatens the company’s business model and holds broader implications for the so-called gig economy. The ruling paves the way for Uber drivers to get benefits such as paid holidays and the minimum wage, handing defeat […]
San Francisco-based business software maker Salesforce says it will let most of its employees work from home permanently after the coronavirus pandemic, for at least part of the week. Other major tech companies such as Facebook Inc., Shopify Inc., Twitter Inc. and Google have made similar announcements of plans to adopt flexible-working policies. This means employees will […]