The deployment of the government’s childcare scheme to tens of thousands more families is facing “significant uncertainties” and may struggle to meet its own targets, according to a report by Whitehall’s spending watchdog. The National Audit Office revealed the Department for Education (DfE) had assessed the likelihood of being able to deliver the funded childcare … Read more
The Federal Trade Commission voted 3-2 Tuesday to ban most noncompete agreements, a watershed moment for the U.S. workforce that faces an uncertain future. These common agreements currently bar employees from leaving to work for competitors or start a competing business. The new rule prevents companies to use them moving forward, and it retroactively wipes out … Read more
Mumbai: Overseas investors were buyers of Indian equities worth ₹17,932 crore across 15 sectors between April 1 and 15, as per National Securities Depository Ltd (NSDL) data. Power sector received the highest inflow from foreign investors, who bought shares worth ₹5,143 crore after buying ₹45 crore in March. In 2023, the sector witnessed inflows worth … Read more
More US workers will soon be free to leave their employers to work for rivals, thanks to a new federal rule that will block the long-standing practice of locking in workers with noncompete agreements. The US Federal Trade Commission on Tuesday issued a final rule that bans most noncompetes nationwide. The agency estimated that by … Read more
Jo Ann Ross, whose lengthy run as the head of ad sales at CBS represented a breakthrough for a woman in the traditionally male-dominated field, is formally winding down her tenure at Paramount Global. In September 2022, Ross segued to an advisory role, becoming Chairman of Paramount Advertising as John Halley was elevated to President, … Read more
The chief executive of the Post Office was “obsessed” with his pay and threatened to resign unless it was increased even as the Horizon scandal escalated, a former HR director at the postal service has claimed. The former chief people officer, Jane Davies, said Nick Read repeatedly demanded pay increases from the government, the company’s … Read more
Debt-ridden telecom operator Vodafone Idea, which completed its Rs 18,000 crore FPO successfully on Monday, has seen its retail shareholding growing by 55 lakh to 36.2 lakh in March quarter. The ownership of retail investors, defined as those with holdings of up to Rs 2 lakh in the stock, increased from 3.32% in December 2023 … Read more
Tesla is accelerating plans for a line-up of new electric vehicles, including “more affordable models,” the automaker said in a memo to investors Tuesday. New models previously slated to start production in the second half of 2025 will now launch before then, the company said, implying production will start much earlier. It’s unclear whether the … Read more
EXCLUSIVE: Chervine Naamani has joined ColorCreative, the management and production company co-founded by Issa Rae, Deniese Davis, and Talitha Watkins, as a manager and producer. Naamani joins from the management company Rain, where he spent four and a half years building a diverse, multicultural list of next generation filmmakers and writers. In his new role, … Read more
UK banks are leaving themselves open to “severe, unexpected losses”, by failing to properly measure how exposed they are to the $8tn private equity industry, the Bank of England has warned. In a speech on Tuesday, Rebecca Jackson, a senior executive at the central bank, said there was a “creeping sense of complacency” among lenders, … Read more
