Tag Archives: pay

Samsung Pay Is Here, and It Could Be the Best Reason to Get the Galaxy S8

On a trip to the mall late last year, as I got to the checkout kiosk to pay for the clothes I had just bought, I realised I didn’t have my wallet on me. Forced to make the walk back to where I had parked, I envied people living in countries that have had the option to pay… Read More »

Lufthansa agrees pay deal with pilot union

Lufthansa has struck a deal to solve a five-year-long dispute with pilots that has cost it millions of euros. Germany’s largest airline and the Cockpit union have agreed upon an arbitrator’s proposal for a new wage agreement that covers about 5,400 pilots. The firm has agreed to a four-stage 8.7% total wage increase and a one-off 30m-euro (£25.5m)… Read More »

Top UK companies consider pay scheme shake-up in response to backlash over huge executive bonuses

One in 10 top UK companies are considering scrapping so-called long-term incentive plans, which have unleashed sweeping waves of criticism for awarding top executives huge pay checks. According to the Financial Times, a shift towards a simpler, share-based bonus system could reduce the divide between the highly-paid chief executives and other workers within companies. Tobacco giant Imperial Brands… Read More »

Amazon admits it may have to pay fine for violating Iran sanctions

Amazon on Friday disclosed Iranian business ties that may have violated US sanctions, warning that it may be penalised after a regulatory review of the activities. The company said in a regulatory filing that from 2012 to 2016 it “processed and delivered orders of consumer products for certain individuals and entities located outside Iran covered by the Iran Threat… Read More »

Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case

Deutsche Bank AG has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday with the U.S. District Court in Manhattan, and requires a judge’s approval. Deutsche Bank denied wrongdoing. The… Read More »

United to pay $2.4 million over ‘Chairman’s Flight’: U.S. SEC

United Airlines’ parent company (UAL.N) will pay $2.4 million to resolve civil books and records violations after it reinstated an unprofitable flight route to accommodate the chairman of the Port Authority of New York and New Jersey, the U.S. securities regulator said. The U.S. Securities and Exchange Commission said United Airlines’ decision in December 2011 to add a… Read More »

BP investors say ‘no’ to CEO Dudley’s £14 million pay deal

BP’s (BP.L) shareholders have voted against Chief Executive Bob Dudley’s £14.13 million ($20 million) pay deal for 2015, a rare investor revolt for such a major company, after it recorded a record annual loss. Some 59 percent of shareholders on Thursday opposed the pay and benefits package, according to preliminary figures, in stark contrast with previous years when… Read More »

Donald Trump would ‘cut off cash to Mexico’ to pay for border wall

Republican White House hopeful Donald Trump has said he would stop cash sent home by Mexicans based in the US, until the country pays for a border wall. The prospect of losing a vital source of income would force Mexico into a “one-time payment” of $5-10bn (£3.5-7bn), says Mr Trump. But US President Barack Obama said the plan… Read More »