Volkswagen has reached a deal with the IG Metall trade union which will avert plant closures in Germany and avoid immediate compulsory redundancies. The two sides have, however, agreed to…
Category: Business News
USA: Google suggests fixes to its search monopoly
Alphabet’s Google proposed new limits to revenue-sharing agreements with companies including Apple which make Google’s search engine the default on their devices and browsers. The suggestions stem from the US…
US: Authorities avoid government shutdown after bill passes
The Democratic-controlled US Senate has voted to pass a budget deal to avert what would be the first US federal government shutdown since 2019, only hours after the House of…
USA: Starbucks baristas launch strike in US, union says
More than 11,000 Starbucks baristas in the US have begun a five-day strike in a dispute over pay and working conditions. The walk outs began on Friday at stores in…
Spain: Court sentences ex-IMF chief to more than four years over corruption
A Madrid court has sentenced former International Monetary Fund (IMF) chief Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption. Judges found Rato…
USA: Trump threatens tariffs if EU doesn’t buy more oil and gas from US
Donald Trump has threatened to levy tariffs against the European Union if the bloc does not buy more oil and gas from the United States, in the latest economic warning from the…
USA: Biden cancels another $4.2bn in US student loans before leaving office
US President Joe Biden’s administration is cancelling student loans for another 55,000 people in the United States, amounting to $4.2bn in debt forgiveness just weeks before his time in office ends. The…
USA: Amazon hit by ‘strike’ during holiday season scramble
One of America’s most powerful labour unions is staging a protest against Amazon, aiming to put pressure on the tech giant as it rushes out packages in the final run-up…
UK: Man convicted for repeatedly lying about inventing Bitcoin
A computer scientist has been found to have committed contempt of court for falsely and persistently claiming to be the mysterious inventor of Bitcoin, Satoshi Nakamoto. In March, the High Court…