List of All Articles with Tag 'c'

A look at the day ahead in European and global markets from Ankur Banerjee The "will-they-won't-they" discussion over yen intervention

Elon Musk’s X has been ordered by a judge to pay $1.1m in legal fees to its laid off former executives. Since Mr Musk’s takeover of X, the company formerly known as Twitter, the multibillionaire and X have faced a number of lawsuits. These include suits over the firm’s failure to pay its vendors and delays in paying rent for its office premises, as well as former employees suing Twitter alleging they were laid off without adequate notice. On Tuesday, Delaware Chancery Court judge Kathaleen St J McCormick ruled in favour of the company’s ex-chief Parag Agrawal and said X must pay $1.1m in legal fees linked with probes of the platform during Mr Musk’s 2022 takeover, Bloomberg first reported. After buying out the microblogging platform in November last year, the Tesla titan fired Mr Agrawal and Twitter’s then-lead policy officer Vijaya Gadde as well as a number of other executives. Mr Agrawal and Ms Gadde then sued Twitter/X for failing to pay for their legal bills, including for the latter’s appearance before the House Committee on Oversight and Reform. The lawsuit filing alleged the company paid only about $600,000 of what it owes, withholding $1.1m in fees for its lawyers’ work representing the former executives in an inquiry on the role played by social media on US elections. The filing alleged Twitter/X “breached the agreements and contravened the bylaws” by not paying the former staff. The latest ruling by the Delaware court judge observed that X “violated its duties to cover legal expenses generated by their work for the company”. While acknowledging that $1.1m is a lot of money, the judge still ruled in favour of the former Twitter executives. “I have reviewed the amount in question, and although it is high and probably higher than most humans would like to pay, it’s not unreasonable,” judge McCormick was quoted as saying by Bloomberg. X did not immediately respond to The Independent’s request for comment. The company is also being sued over its rebrand to X by an ad agency also named X, alleging the social media platform’s new name violates Florida common law because of “unfair competition and trademark and service mark infringement”. Read More Elon Musk’s mockery of Ukraine president Volodymyr Zelensky ‘unhelpful’ Elon Musk’s X Corp sued by another social network company named X ‘Reckless’ Elon Musk hit with $1m lawsuit for accusing student of being in Proud Boys ‘false flag’ attack Elon Musk’s X Corp sued by another social network company named X Elon Musk to live stream himself gaming on X in ‘everything app’ bid Musk confirms he is cutting election integrity staff from X/Twitter ahead of 2024

It is thought to be the largest number of people ever to arrive in the Spanish archipelago in one go.

By Stefanno Sulaiman JAKARTA Bank Indonesia could maintain price stability with past rate hikes, a deputy governor said

After two years of receiving federal subsidies, 220,000 child care programs across the country lost funding

DUBAI Non-oil business activity in the United Arab Emirates expanded at a faster rate in September than the

The Supreme Court is taking up a case that could make it harder to sue hotels when their websites are not clear enough about their accommodations for people with disabilities

The governing party called it a ceremonial passing of the baton. But the opposition lambasted it as a "passing of the scepter."

Kevin McCarthy's big mistake was trying to govern.

Thailand will take steps to enhance the safety of foreign tourists, official said on Wednesday, a day after

Three Filipino fishermen have died after an "unidentified commercial vessel" allegedly rammed their fishing boat near Scarborough Shoal, the Philippine coast guard said Wednesday, compounding tensions in a region of the disputed South China Sea that is already a flashpoint.

Police in New Delhi have raided the homes of prominent journalists linked to a left-leaning news organization known for its scrutiny of the Indian government, in a move media groups characterized as the latest attack on press freedom.