Bloomberg US labour board prosecutors have concluded that Starbucks Corp illegally forced out a New York barista who has been a key architect of the union campaign that swept through hundreds of its cafes this year. The union leader, Jaz Brisack, resigned her Starbucks position in September, alleging that the company had pushed her out by changing its scheduling policies ...
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Twitter sued for failing to pay office space rent
Bloomberg Twitter Inc was sued for failing to pay $136,250 in rent for its office space in San Francisco. The landlord, Columbia Reit – 650 California LLC, says it notified Twitter that it would be in default on its lease for the 30th floor of the Hartford Building in five days unless the rent was paid. The tenant failed ...
Read More »Extinction Rebellion UK to stop protests that disrupt public
Bloomberg The UK arm of environmental activist group Extinction Rebellion said it plans to step away from attention-grabbing tactics that have caused widespread public disruptions and instead focus on building broader support to help combat rising carbon emissions. “As we ring in the new year, we make a controversial resolution to temporarily shift away from public disruption as a ...
Read More »Tesla stocks witness worst year ever, drop 65% in 2022
Bloomberg Tesla Inc shares have fallen so far, so fast that some individual investors are piling in, seeing a chance to pick up what was once Wall Street’s highest flying stock on the cheap. But would-be bargain hunters may want to take a closer look. Even after 2022’s record 65% drop, the electric-car maker’s meteoric surge during 2020 and 2021 ...
Read More »2023 will be the year of electric SUV
Bloomberg In the evolution of the electric vehicle (EV), 2022 will be remembered for its megafauna: Massive electric trucks finally roamed the land, with equally outsized prices. Next year, however, should bring some subspecies — a diaspora of SUVs, including some slightly smaller options and, rarer still, a precious few with more modest window stickers. If you are in the ...
Read More »Huawei declaring ‘business as usual’ after weathering US curbs
Bloomberg Huawei Technologies Co. posted its third straight quarter of growth, declaring a return to normalcy after overcoming a plethora of US restrictions this year. The company’s sales rose 7.2% to $27.4 billion in the December quarter, according to Bloomberg’s calculations off annual figures, after carving out new income streams from areas such as smart cars and cloud services. 2022 ...
Read More »Twitter probed in EU for pre-Musk data leak of 5.4mn users
Bloomberg Elon Musk’s Twitter Inc risks massive fines after its top privacy regulator in the European Union (EU) opened a probe into reports of a suspected data breach that compromised the personal details of 5.4 million users. Ireland’s Data Protection Commission said it decided to start a probe over reports that one or more datasets of users’ personal information “had ...
Read More »Sony PlayStation 5 sales surge in US
Bloomberg Sony Group Corp led a big jump in video-game hardware sales in the US, in the latest sign of improving PlayStation 5 supply. The Tokyo-based entertainment giant drove a 45% spurt in US games hardware sales to $1.3 billion in November, according to the NPD Group. Back home in Japan, the company’s in-demand console can now be purchased ...
Read More »Seha shuts all Covid-19 centres in Abu Dhabi, Al Ain, Al Dhafra
Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) will permanently close all Seha Covid-19 centres in Abu Dhabi, Al Ain, and Al Dhafra starting from December 31, 2022. Covid-19 screenings and vaccinations are offered at Seha Healthcare centres. The positive cases are assessed at the Rahba and Al-Ain Hospitals. Meanwhile, the Department of Health – Abu Dhabi ...
Read More »Dana to set up 50,000 square metre steel complex at Kezad
Abu Dhabi / WAM Khalifa Economic Zones Abu Dhabi (Kezad group), the integrated trade, logistics, and industrial hub of Abu Dhabi, has signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomerate Dana group, for the establishment of its first hot and cold rolling steel complex in Abu Dhabi. Under the terms of the agreement, ...
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