A new law in New York will require companies that operate distribution centers to be more transparent about their work requirements, aiming to protect warehouse workers from possibly unlawful quotas. Gov. Kathy Hochul last week signed the Warehouse Worker Protection Act, which is modeled after a similar, first-in-the-nation law signed in California last year. The … Read more
By Kyle Morris TBC Bank Group PLC said Wednesday that it expects to book a one-off effect of 100 million Georgian lari to 110 million Georgian lari ($36.7 million-$40.3 million) after changes to the corporate taxation model in Georgia. The Georgia-focused lender said the change will have an immediate effect on deferred tax asset and … Read more
WASHINGTON—The Senate Finance Committee has opened an inquiry into whether auto makers including Tesla Inc. and General Motors Co. are using parts and materials made with forced labor in China’s Xinjiang region. In a letter sent Thursday, the committee asked the chief executives of eight car manufacturers to provide detailed information on their supply chains … Read more
3M Co. MMM -1.08% said it would stop making so-called forever chemicals and cease using them by the end of 2025, as criticism and litigation grow over the chemicals’ alleged health and environmental impact. 3M Chief Executive Mike Roman said that the decision was influenced by increasing regulation of the chemicals known as PFAS, and … Read more
Want to make the most of the money you’ve saved for retirement, or would you like to maximize your benefits? There are plenty of insightful books to shed light or provide alternative perspectives on all aspects of this next chapter in life. Retirement Tip of the Week: In preparation for the new year, and all … Read more
WASHINGTON—Chief Justice John Roberts temporarily extended a Trump-era policy that bars asylum applicants from entering the U.S. to protect the American population from Covid-19, issuing a brief order on Monday that maintains the status quo while the Supreme Court considers an emergency request from Republican-led states to keep the exclusions in place. In November, a … Read more
Epic Games Inc. has agreed to pay $520 million to resolve Federal Trade Commission allegations that the “Fortnite” videogame developer violated online privacy protections for children and tricked players into making unintended purchases. The FTC said the agreement consisted of two record-breaking settlements that resolve a pair of civil complaints it was filing against Epic. … Read more
WASHINGTON—The Senate passed by unanimous consent a bill that would ban federal employees from downloading or using the social-media app TikTok on government devices, in the face of mounting national-security concerns. The legislation would still have to pass the House and be signed by the president to become law. A similar bill passed the Senate … Read more
WASHINGTON—Regulators are set to propose the biggest changes to U.S. stock-market rules since the mid-2000s, aiming to give small investors better prices on their trades and reduce some advantages enjoyed by high-speed trading firms. The Securities and Exchange Commission is preparing to vote on four proposals, along with a separate final rule related to insider … Read more
China’s leader Xi Jinping has in recent months tried to put public distance between Beijing and Moscow as Russia has suffered defeats in its war on Ukraine. Behind the diplomatic appearances, however, Mr. Xi is deepening his long-term bet on Russia.