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  • Reuters

    New York Times union members set to walk out on Thursday after talks fail

    More than 1,100 union employees at the New York Times Co are set to walk out on Thursday for 24 hours as negotiations with the news publisher for a "complete and equitable contract" failed on Tuesday, the union said in a tweet. The NYTimes NewsGuild has sought "complete and equitable contract" wages that "keep up with inflation" as well as to preserve and enhance health insurance and retirement benefits that were promised during hiring, according to a letter signed by 1,036 members last week. The union said the New York Times during a meeting earlier in the day refused to meet for additional negotiating sessions to resolve the contract dispute by Thursday.

  • Reuters

    PRESS DIGEST- Financial Times - Dec 7

    A U.S. agency tasked with overseeing the audits of public companies on Tuesday said it imposed $7.7 million in fines and sanctioned three firms across KPMG's global network for violations of professional auditing standards, quality control standards and other rules. - British Prime Minister Rishi Sunak's government on Tuesday said it would ease restrictions on building onshore wind farms, heading off a revolt by his party's lawmakers who had demanded they should be permitted with local support. - British supermarket group Asda said it planned to open 300 convenience stores by the end of 2026, aiming to become a player in the smaller shop market to help drive growth, and creating 10,000 new jobs in the process.