General Motors to shut manufacturing operations in Colombia, Ecuador -statement

Birmingham Live
GMB: Kate Garraway talks about needing pension to pay for Derek's bills
GMB: Kate Garraway talks about needing pension to pay for Derek's bills
Reuters Videos
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 BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’Russi
The Telegraph
Take home pay calculator: Your salary after tax, pensions and other deductibles
When your take-home pay lands in your bank account each month, it can look underwhelming compared to the salary written into your contract.
Yahoo Finance UK
The retirement income gap no-one is talking about
People are living longer than ever before and this can impact how you plan for retirement.
The Guardian
BP to cut $2bn in costs as profits miss forecasts
Oil company to maintain pace of share buybacks despite impact of falling gas prices
Reuters
Warren Buffett's successor Greg Abel seen preserving Berkshire's culture
When Greg Abel succeeds Warren Buffett at the helm of Berkshire Hathaway, he is expected to preserve the culture at the behemoth even if he does not match the star power of his legendary boss. A 25-year Berkshire veteran, Vice Chairman Abel, 61, is expected by investors and analysts to uphold the $865 billion conglomerate's track record of investing in companies for the long haul and eschewing dividend payments to shareholders. Berkshire, which owns railroads, insurance companies and an ice-cream maker, has been planning for decades for the eventuality when Buffett, 93, who has run the company since 1965, is no longer there.
Business Insider
Boeing is under FAA investigation after disclosing some employees didn't perform safety tests on the wings of a 787 but recorded that they did anyway
Scott Stocker, head of the 787 program, wrote in an internal email that several workers failed to perform checks but recorded the work as completed.
Birmingham Live
P&O Ferries boss asked if he is 'modern-day pirate' for paying staff £4.87-an-hour
£500k-a-year Peter Hebblethwaite - quizzed by Bimingham MP Liam Byrne - admitted he could not live on the hourly rate
Fool.co.uk
Rolls Royce’s £4+ share price still looks a major bargain to me, so should I buy?
Rolls-Royce’s share price has shot up in the past year, but I think it’s still around 50% undervalued and is set for stronger growth. The post Rolls Royce’s £4+ share price still looks a major bargain to me, so should I buy? appeared first on The Motley Fool UK.
Insider Monkey
25 States with the Highest and Lowest Resignation Rates
In this article, we will look at the 25 states with the highest and lowest resignation rates. We have also discussed the state of jobs in the US. If you want to skip our detailed analysis, head straight to the 10 States with the Highest and Lowest Resignation Rates. The state of US jobs in […]
Business Insider
Fisker is closing its Manhattan Beach headquarters, employees say
Fisker has begun to close down its Manhattan Beach office, the site of the company's headquarters, three sources told Business Insider.
Fortune
The accounting firm that Trump hired for his media firm’s IPO was caught copy-and-pasting previous audits and is now banned forever
The firm and its founder have agreed to pay a combined $12 million in penalties and to a permanent suspension.
The Telegraph
Questor: this medical stock is expensive – but worth paying for
It’s a stock market rule of thumb that big acquisitions tend to destroy shareholder value. Spin-offs, on the other hand, have the reassuring habit of being more likely to create it.
Bristol Live
Major DWP change for people with health conditions announced
The pilot scheme is a joint effort between the Department for Work and Pensions and the Department for Health Social Care
Bloomberg
Russia’s Budget Is Getting Twice as Much Oil Money as a Year Ago
(Bloomberg) -- Russia’s oil revenue more than doubled in April from a year earlier, despite international sanctions intended to limit the flow of money to fuel President Vladimir Putin’s war in Ukraine.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’Russians Are Coming to Terms With Putin’s War in UkraineAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeProceeds for the Russian budget fro
Bloomberg
Mahindra Auto Division CEO On EV Strategy
Nalinikanth Gollagunta, CEO of Mahindra & Mahindra's Automotive Divison, says his company is planning to localize battery production in India over time. He spoke with Stephen Engle on "Bloomberg Markets Asia" from the sidelines of the "BNP Paribas Global Electric Vehicle and Mobility Conference."
The Guardian
‘We deserve more’: US workers’ share of the pie dwindles
Bureau of Labor Statistics releases latest estimate of how much labor receives of national income, showing bleak decline
The Conversation
Paying caregivers more could boost Nebraska’s economy − new research
Paying the caregivers of people with disabilities more would improve care while increasing economic growth, a research team found.
PA Media: Money
UK construction rebound picks up pace but housebuilding slump persists
Commercial and civil engineering helped drive growth for the wider construction industry.

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The retirement income gap no-one is talking about

General Motors to shut manufacturing operations in Colombia, Ecuador -statement

Latest stories

GMB: Kate Garraway talks about needing pension to pay for Derek's bills

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

The retirement income gap no-one is talking about

BP to cut $2bn in costs as profits miss forecasts

Warren Buffett's successor Greg Abel seen preserving Berkshire's culture

Boeing is under FAA investigation after disclosing some employees didn't perform safety tests on the wings of a 787 but recorded that they did anyway

P&O Ferries boss asked if he is 'modern-day pirate' for paying staff £4.87-an-hour

Rolls Royce’s £4+ share price still looks a major bargain to me, so should I buy?

25 States with the Highest and Lowest Resignation Rates

Fisker is closing its Manhattan Beach headquarters, employees say

The accounting firm that Trump hired for his media firm’s IPO was caught copy-and-pasting previous audits and is now banned forever

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

Major DWP change for people with health conditions announced

Russia’s Budget Is Getting Twice as Much Oil Money as a Year Ago

Mahindra Auto Division CEO On EV Strategy

‘We deserve more’: US workers’ share of the pie dwindles

Paying caregivers more could boost Nebraska’s economy − new research

UK construction rebound picks up pace but housebuilding slump persists