NEW YORK—The New York City Commission on Human Rights has fined Fox News $1 million, the largest penalty in its history, for violations of laws protecting against sexual harassment and job retaliation. As part of a settlement agreement announced Tuesday, Fox also agreed to mandate anti-harassment training for its New York-based staff and contributors and…
Porsche Recalls Flagship Electric Model Taycan Over Software Issue
FRANKFURT—Luxury sports carmaker Porsche AG must recall 43,000 of its electric Taycan cars over faulty software that can cause the battery-powered engine to suddenly shut down, it said on Friday. The recall affects all Taycan vehicles produced and delivered by June, the company said, adding the cars would receive a software update to fix the…
US to Propose Rules Requiring Airline Refunds for Delayed Baggage
WASHINGTON—The Biden administration will soon propose new rules to require passenger airlines to refund fees for bags that are significantly delayed and refunds for services like onboard Wi-Fi that does not work, the White House said Friday. White House National Economic Council Director Brian Deese confirmed the planned rules at a briefing that were directed…
Biden Commerce Secretary: ‘A Lot Of’ Jobs Lost in Retail, Service Industries ‘Might Not Be Coming Back’
Department of Commerce Secretary Gina Raimondo said in a new interview that many pre-pandemic jobs, namely in the retail and service sectors, may never come back. On Thursday, the Department of Labor released a report that new jobless claims dropped to 364,000 for the week. However, the data revealed that nearly 3.5 million Americans were collecting…
Mitsubishi Electric CEO to Quit Over Long-Running Data Deceit
TOKYO—Mitsubishi Electric’s CEO said he will step down to take responsibility for “three decades of systematic deceit” during which the Japanese firm falsified inspection data for air conditioners and brake compressors used in trains. The admission by Mitsubishi, whose products range from air conditioners and vacuum cleaners to industrial printers and satellites, further dents Japan’s…
Tesla Second-Quarter Deliveries Meet Analysts’ Estimates as Chip Shortage Weighs
Tesla Inc on Friday posted record vehicle deliveries for the second quarter that were in line with Wall Street estimates as the electric-car maker coped with a shortage of chips and relied on sales of its cheaper models. Tesla weathered the global supply crisis better than legacy automakers, but CEO Elon Musk has warned of…
10 Strategies for Continuing Momentum After Launching a Book
By Parul Agrawal It’s been a long time coming. You’ve spent months planning, writing, and editing your book to perfection. You’ve sent it off to the printer with bated breath in anticipation of being published. And now you’re probably wondering what next? Launching a book can be stressful and scary. Especially if you haven’t done it before,…
4 Reasons Why Empathy in the Workplace Makes Business Sense
By Sara Caroline Sabin Empathy has started to be one of those words bandied around a lot more since the pandemic started, which is a good thing that it has become part of the conversation. However, like any other buzzword, without the action to back it up, it is meaningless. It needs to be deeply rooted into the…
This Is Why Warren Buffett Will Not Leave His Entire Fortune to His Children
By Entrepreneur Staff It is well known that the fortune of Warren Buffett, one of the most recognized American investors, is valued at 100 billion dollars thanks to his company Berkshire Hathaway and his shares. However, this amount will not be passed on to his children when he passes away. His goal of giving away all his money…
130 Countries Back Global Minimum Corporate Tax of 15 Percent, Despite Vocal Opposition
July 2, 2021
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Officials from 130 countries on June 1 agreed to establish a new framework for international tax reform, the Organisation for Economic Cooperation and Development (OECD) announced. The two-pillar package would mean that multinational companies, including Big Tech, would be forced to pay a minimum 15 percent tax in each country they operate in, regardless of whether firms have a physical…
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