MADRID (Reuters) – Trade unions representing about 1,000 Zara shop assistants in the Spanish apparel maker’s hometown of A Coruña will meet with the company on Thursday to negotiate a pay rise, a union leader said. CIG, one of the unions representing shop assistants in the northwestern city, is threatening to strike on Nov. 24…
NEW YORK (AP) — A host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firm’s failed business model. FTX has been in the public eye for more than a…
WASHINGTON (AP) — Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. The House Financial Services Committee said Wednesday that it expects to hear from Sam Bankman-Fried, the…
(Reuters) – Eli Lilly & Co Chief Executive Officer Dave Ricks said on Wednesday that the recent imposter Twitter account incident “demonstrates some of the challenges” on the social media platform. Twitter recently saw a surge in fake accounts, with the blue verification check purporting to be listed companies such as Lilly, Nestle and Lockheed…
By Jane Lanhee Lee and Paul Lienert OAKLAND Calif/DETROIT (Reuters) – U.S. chip design firm Advanced Micro Devices Inc on Wednesday said Japan’s major automotive supply company Aisin Corp has chosen AMD’s micro processor to power a new system that can help cars park themselves. “These parking systems have been very much a foothold in…
By Tom Hals and Hyunjoo Jin WILMINGTON, Del (Reuters) – Elon Musk said he was completely focused on Tesla in 2017 when the electric car maker was in “crisis,” in testimony on Wednesday to rebut claims that his $56 billion pay package was based on easy performance targets and approved by a compliant board of…
Convinced that the boom in leisure travel is permanent, Airbnb aims to expand its listings by convincing more people to turn their homes into short-term rentals. The company said Wednesday that it will increase the amount of liability coverage for hosts, up to $3 million, in a play for owners of nicer houses in high-cost…
BELGRADE, Serbia (AP) — Austria, Hungary and Serbia on Wednesday held another top-level meeting dedicated to curbing migration, including by sending more than 100 police officers, vehicles equipped with night vision cameras and drones to the border with North Macedonia. Austria and Hungary also pledged to help Serbia organize deportations by plane of people who…
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global stocks slid from two-month highs and the safe-haven dollar weakened on Wednesday after stronger-than-expected U.S. retail sales clouded the inflation outlook and hopes that the Federal Reserve could ease its aggressive interest rate hikes. Stocks in Europe pared overnight losses in Asia after Poland’s president…
WILMINGTON, Del. (AP) — Tesla CEO Elon Musk took the witness stand Wednesday to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by the company’s board of directors that is potentially worth more than $55 billion. Musk denied that he dictated terms of the compensation package or attended any meetings…
