Elon Musk reinstates Donald Trump's Twitter account; Twitter in hot water for not giving notice to laid-off employees; Fifa World Cup coverage & more

Elon Musk reinstates Donald Trump's Twitter account; Twitter in hot water for not giving notice to laid-off employees; Fifa World Cup coverage & more

#TechWorld

Twitter in hot water for not giving advance notice to laid-off employees

Amid the turmoil since the takeover, #ElonMusk now faces the risk of court action for violation of federal labour laws over mass layoffs. By not giving adequate warning and notice, Musk may have fallen foul of California’s Worker Adjustment and Retraining Notification Act, or WARN Act, along with federal labour laws. Under WARN, #employers generally need to give 60 days of warning or notice before mass layoffs at a company.

Musk’s reasoning behind the #layoffs is to stem the bleeding finances of the company after his $44 billion takeover, which was completed on October 27.

Read the full story here


Experts discuss what could be the future mean for Elon Musk's Twitter

Twitter descended into chaos after #Musk issued an ultimatum to all #employees to either commit to a hardcore culture of long working hours or resign an overnight mail to employees said those who did not agree would receive an offer of severance.

Talking about the consequences of not having a distinction between content creators and consumers on the platform, Manish Maheshwari Maheshwari, former CEO, Twitter India,

Called Twitter a 'two-sided network' and for this network to work it is very important to have that distinction so that people who are eminent have a reason to be on the platform versus sharing their knowledge or their views somewhere else.

Read full story here


#layoffs

Zomato has begun laying off employees in order to cut costs and turn #profitable as the macro environment becomes increasingly challenging, sources told Moneycontrol.com. According to the sources, nearly 100 #employees have already been fired as the food delivery platform looks to let go of about 4% of its workforce.

Read full story here


#MarketUpdates

Oil dips near two-month low, Brent crude falls below $87 per barrel

#oilprices hovered near two-month lows on Monday as supply fears receded while concerns over China's #fuel demand and rising interest rates weighed on prices. Brent crude futures for January had slipped 28 cents, or 0.3 percent, to $87.34 a barrel by 01:03 GMT after settling at their lowest since Sept. 27.

Read full story here

Wall Street gains value, US yield curve indicates recession

The Dow Jones Industrial Average rose 0.6 percent and the #Nasdaq composite ended essentially flat after swinging between a 0.01 percent gain. Several big retailers made solid gains after reporting strong quarterly results and gave investors encouraging financial forecasts.?

Read full story here


#NationalAffairs

Nearly 50 vehicles damaged in pile-up after truck loses control on Pune bridge

Around 48 vehicles were damaged after a truck lost control and rammed into several vehicles stuck in traffic on Navale bridge on the Mumbai-Bengaluru highway late Sunday evening. Several people were injured and eight of them were hospitalised, a police official said.

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The accident occurred on Navale bridge due to a suspected brake failure of the truck when it was moving towards Pune, the official was quoted by PTI as saying.

Read full story here


#WorldAffairs

Elon Musk reinstates Donald Trump's Twitter account after poll

The Twitter account of former US President Donald Trump is back up again after the social media company’s new owner Elon Musk tweeted that the account will be reinstated.

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Elon Musk's poll on Twitter (Credit: Twitter)

Musk had run an online poll asking whether Trump’s account should be reinstated. The former President, who recently announced that?he would run for White House in 2024, managed to get the nod in the Twitterverse.

Read full story here


#cop27egypt

UN climate summit adopts 'loss and damage' fund after much debate

The United Nations 's COP27 climate summit approved the creation of a special fund to cover the losses suffered by vulnerable nations hit by the impact of #globalwarming. The approval comes after much debate on who pays what for the #climatechange being witnessed across the globe. The so-called 'cover decision' sat alongside a host of other agreements still subject to intense negotiation a day after the summit was due to have closed.

Read full story here


#Watch??

Export Duty On Steel, Iron Ore Removed, Industry Hails The Decision

As per the Finance Ministry notification, #exports of iron ore lumps and fines with ‘less than 58% Fe’ will attract NIL export duty. In the case of #iron ore lumps and fines with more than ’58% Fe’, the rate of duty will be 30%.


#fifaworldcupqatar2022 ?

Hosts Qatar were consigned to an embarrassing 0-2 defeat at the hands of Ecuador in the opening match of the FIFA World Cup 2022 at the Al Bayt Stadium on Sunday. The win for Ecuador takes them to the top of Group A. Here is the updated FIFA World Cup 2022 points table.

Here is the updated FIFA World Cup 2022 points table.


#TravelGuide

Top 5 things you should consider before deciding on #workation in #Ladakh

Tired of working indoors when you can be laying on the grass under the bright blue sky or playing on the beach or warming yourself in a fireplace whilst watching snow-capped mountains?

It’s time to leverage the opportunity of working remotely in your favour. What if we told you that you can work from the highest peak in the world, enjoy the picturesque landscape and still make money?

Here are top 5 things you need to know for your next workation trip to Ladakh.

Thank you for reading! We’ll be back tomorrow morning with another '11:11'?


CHESTER SWANSON SR.

Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer

2 年

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