Saturday, June 28

Business

Norfolk Southern content material with minimal security too usually, regulators say after fiery Ohio derailment
Business

Norfolk Southern content material with minimal security too usually, regulators say after fiery Ohio derailment

OMAHA, Neb. — Norfolk Southern made enhancements after certainly one of its trains derailed, caught hearth and spilled poisonous chemical substances close to an Ohio city, however the firm is nowhere close to the “gold standard for safety” it's striving to be, in keeping with federal regulators. Instead, the railroad is simply too usually solely keen to fulfill minimal security necessities. ...
Biden points govt order limiting U.S. investments in Chinese know-how
Business

Biden points govt order limiting U.S. investments in Chinese know-how

WASHINGTON — In an indication of rising strains between the world’s two largest powers, President Joe Biden signed an govt order Wednesday that might block and regulate high-tech U.S.-based investments going towards China. It covers superior laptop chips, micro electronics, quantum info applied sciences and synthetic intelligence. ...
Surrey retailer Farrants accused of racism over ‘unacceptable’ tobacco plantation picture behind counter
Business

Surrey retailer Farrants accused of racism over ‘unacceptable’ tobacco plantation picture behind counter

A store in Surrey has been accused of racism over an "unacceptable" picture which seems to indicate black individuals engaged on a tobacco plantation overseen by white males.Farrants in Cobham is being urged to take away the "incredibly triggering" image, which covers a wall behind a money desk and contains the phrases "we sell tobacco".Misan Harriman, the chairman of London's Southbank Centre and a photographer who's a good friend of Prince Harry and Meghan, criticised Farrants after visiting the shop whereas searching for toys for his daughters, including: "I can't believe what I just saw."Former Chelsea footballer Jimmy Floyd Hasselbaink mentioned on social media he had beforehand complained about the identical situation in 2020 - and was informed the shop would "replace" ...
Former WANdisco chiefs snub firm’s plea to repay bonuses
Business

Former WANdisco chiefs snub firm’s plea to repay bonuses

Two former executives of WANdisco, the info software program group whose worth has collapsed after the publicity of an obvious fraud, have snubbed the corporate's request handy again practically £650,000 in bonuses.Sky News understands that David Richards, the corporate's co-founder and former CEO, and former finance chief Erik Miller are resisting a request from WANdisco's board to repay the $832,000 (£647,000) they had been awarded for final 12 months. Neither man could possibly be reached for touch upon Wednesday, though a spokesman for the corporate mentioned: "Whilst the former executives have so far robustly rejected our request for repayment, the board firmly believes this should be the right and fair outcome for shareholders and remains committed to pursuing it."The a...
Amazon sellers ‘worry chapter’ after rule change
Business

Amazon sellers ‘worry chapter’ after rule change

A businessman who sells merchandise via Amazon has complained the net retail big may make small companies bankrupt as a result of a coverage to delay funds.The on-line market has prolonged a coverage to not pay sellers till seven days after the supply of their merchandise, to make sure it has funds for returns or buyer claims. Amazon has now utilized the coverage to all European sellers.Vendors registered earlier than 2016 - roughly 15% of whole UK and European merchants - weren't topic to the coverage till 3 August, and a few of them say the change is a menace to their companies.Marios Katz, 46, from Cyprus, who sells CDs and vinyl to the UK, stated Amazon is holding £5,000 of his earnings. "Amazon will lead us into bankruptcy for all the small businesses and companies," Mr ...