Canadian competition bureau has major concerns about proposed Bunge-Viterra merger

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Australia's Qantas agrees to $79 million penalty
STORY: Australian airline Qantas Airways said on Monday it had agreed to pay a penalty worth $79 million U.S. dollars to settle a lawsuit. The claim accused the airline giant of illegally selling thousands of tickets for flights that had already been cancelled. The fine is the largest ever faced by an Australian airline.As part of the settlement with Australia's consumer commission, the company will split $13 million between more than 86,000 customers who booked tickets on the so-called "ghost flights" and pay a $66 million fine instead of defending the lawsuit that it had previously vowed to fight.The penalty is subject to the approval of the Federal Court of Australia.CEO Vanessa Hudson said in a statement that, QUOTE, "we recognize Qantas let down customers and fell short of our own standards," CEO Vanessa Hudson said in a statement."Qantas was sued last August by the consumer commission, which alleged that in some cases the airlines flights were on sale for weeks after they’d been cancelled. The company had argued that it faced similar challenges to airlines around the world, but the commission said its actions broke consumer law. Qantas is also still waiting to learn how much it must pay nearly 1,700 ground handling staff it sacked in 2020 after a court found the job cuts were illegal since they were intended to stop industrial action.
Bloomberg
Russia’s War Economy Starves Crucial Oil Industry of Manpower
(Bloomberg) -- Russia’s oil and gas industry has been crucial for bankrolling the invasion of Ukraine, giving the Kremlin the funds to keep fighting even as the conflict drags on through its third year. But the industry is facing a shortage of manpower as the full mobilization of Russia’s economy for war exacerbates a longstanding demographic crunch.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackBuffett Praises Apple After Trimming It, Drops Paramount Stak
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Take home pay calculator: Your salary after tax, pensions and other deductibles
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Lawyer lied to client for 17 years by pretending she'd won £360k for workplace injury
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Berkshire pares huge Apple stake as cash, operating profit set records
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose. The value of Berkshire's stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter.
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Should I Take a $48,000 Lump Sum or $462 Annuity From My Pension?
Buyout decisions have become increasingly common for those with a pension plan. If you get this offer, the most important questions to deal with include when you would you receive the payout, and how long you expect to live. The earlier you would receive a lump sum payout, the more it will be worth to you […] The post Should I Take a $48,000 Lump Sum or $462 Monthly Payments for a Pension Annuity? appeared first on SmartReads by SmartAsset.
Reuters
Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices
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The Independent
Australia’s Qantas agrees to £63m payout over ‘ghost flights’
Airline advertised and sold over 8,000 flight tickets it had already cancelled in its internal system
Bournemouth Echo UK
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Qantas to pay $120m for allegedly selling tickets to flights that had already been cancelled
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Ping An votes against reappointment of HSBC CEO as director, source says
(Reuters) -China's Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move. Quinn, who has announced he will step down as chief executive once a successor is appointed, last year defeated Ping An's long campaign to get HSBC to spin off its Asia business. Europe's biggest bank had faced proposals submitted by Hong Kong-based individual investor Ken Lui and backed by its biggest Asian shareholder Ping An to consider a radical restructuring and to boost its dividends.
Simply Wall St.
Increases to CEO Compensation Might Be Put On Hold For Now at Barinthus Biotherapeutics plc (NASDAQ:BRNS)
Key Insights Barinthus Biotherapeutics will host its Annual General Meeting on 10th of May Salary of US$610.0k is part...
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WRAPUP 10-Buffett says Berkshire in good hands, lauds Apple despite lowering stake
Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker. Speaking at Berkshire’s annual meeting, the legendary investor paid tribute to his late business partner Charlie Munger and said he expected the conglomerate’s cash pile, now a record $189 billion, to keep growing. The meeting was the 60th for Buffett, who since 1965 transformed Berkshire from a failing textile company into an $862 billion colossus owning the BNSF railroad, Geico car insurance, Dairy Queen and dozens of other businesses.

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Canadian competition bureau has major concerns about proposed Bunge-Viterra merger

Latest stories

Australia's Qantas agrees to $79 million penalty

Russia’s War Economy Starves Crucial Oil Industry of Manpower

Take home pay calculator: Your salary after tax, pensions and other deductibles

Lawyer lied to client for 17 years by pretending she'd won £360k for workplace injury

Berkshire pares huge Apple stake as cash, operating profit set records

The best energy suppliers of 2024 – according to customers

Luxury tycoon Bernard Arnault unleashes legal blitz on Visa and Mastercard

Questor: this medical stock is expensive – but worth paying for

Should I Take a $48,000 Lump Sum or $462 Annuity From My Pension?

Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices

How Poole entrepreneur came up with solution to travelling problem

Josie Gibson lands 'surreal' new job as Iceland's brand ambassador

Mahindra Auto Division CEO On EV Strategy

Australia’s Qantas agrees to £63m payout over ‘ghost flights’

Plans lodged for new hospital building that will 'maximise patient experience'

Qantas to pay $120m for allegedly selling tickets to flights that had already been cancelled

Bianca Censori details her architectural work with Kanye West

Ping An votes against reappointment of HSBC CEO as director, source says

Increases to CEO Compensation Might Be Put On Hold For Now at Barinthus Biotherapeutics plc (NASDAQ:BRNS)

WRAPUP 10-Buffett says Berkshire in good hands, lauds Apple despite lowering stake