A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America (WGA) members in solidarity outside Netflix studios on July 28, 2023 in Los Angeles, California. Mario Tama | Getty Images Starbucks and Workers United, which represents roughly 500 of its cafes, … Read more
A top Vietnamese property tycoon sentenced to death in a $27 billion fraud case has launched an appeal against her conviction, state media said Friday.Truong My Lan, chair of major developer Van Thinh Phat, was found guilty this month of swindling cash from Saigon Commercial Bank (SCB) over a decade.The 68-year-old was found to have … Read more
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The wealth gap between rich millennials and the rest of their age group is the largest of any generation, creating a new wave … Read more
The criminal trial of Donald Trump on Friday will feature the continued cross-examination of the prosecution’s first witness, David Pecker, as defence lawyers try to discredit the idea that there had been a plot to protect Trump’s 2016 presidential campaign.On Thursday, Pecker, the former publisher of The National Enquirer, described his own involvement in the … Read more
Avian flu, or H5N1, is making headlines in the United States. The past few years have seen concerning signs of it spreading across the world – whether in chickens in Britain, sea lions in Peru, or Caspian seals in Russia. This time, it is has been confirmed in American cows, and the World Health Organization … Read more
The head of Vietnam’s National Assembly has resigned, the ruling Communist Party said Friday, one of the most senior leaders to fall in a sweeping anti-corruption purge.Vuong Dinh Hue asked to step down because of “violations and shortcomings”, the party said in a statement on its website.Thousands of people, including top officials and senior business … Read more
Is there any hope for Britain’s beleaguered rail passengers? We have some of the highest fares in Europe, industrial relations are at an all-time low, and cancellations and delays bedevil the network. Britain’s railways are fractured, rudderless and without clear purpose or plan. With an election looming in which Labour is the clear frontrunner, passengers … Read more
U.S. inflation rose moderately in March, but that is unlikely to change financial markets’ expectations that the Federal Reserve will hold off cutting interest rates until September. The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department’s Bureau of Economic Analysis said on Friday. Data for February was unrevised to show … Read more
The GMB is taking legal action against Amazon in the long-running battle for recognition at its Coventry warehouse, accusing the US firm of trying to “induce” staff to leave the union. An employment tribunal claim is being lodged on behalf of five workers at the large site, known as BHX4. The GMB cites practices including … Read more
Elon Musk became the world’s richest man by evangelising about electric cars – and delivering them by the million. Yet in recent months his company, Tesla, has struggled to maintain its momentum: sales have dropped this year, and so has its share price. Those struggles have become emblematic of a broader reckoning facing the electric … Read more
