Starbucks settlement: Coffee chain to pay $35 mn to 15,000 NYC workers; Mamdani and others join striking baristas

Starbucks, one of the world’s biggest coffee chains, has finally agreed to hand over about $35 million to more than 15,000 New York City workers after claims that shifts were slashed without warning and schedules kept in constant flux. The announcement landed on Monday, just hours before Mayor-elect Zohran Mamdani and US Senator Bernie Sanders…

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From hey Siri to hey Subbu? Apple hires Amar Subramanya, taking a bite out of Google via Microsoft

TOI correspondent from Washington: In the predatory world of American artificial intelligence, where top engineers command salaries in the millions and signing bonuses rival small fortunes, Apple Inc has taken a big bite out of Microsoft and Google. The iPhone giant on Monday announced the hiring of Amar Subramanya, a Bengaluru-educated Google veteran who briefly…

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Plaints against credit bureaus up 4 times in 3 years

MUMBAI: Complaints against credit information companies have almost quadrupled in three years, signalling growing frustration among borrowers over credit scores and data accuracy. This surge stands out in the wider trend of rising grievances handled by India’s financial ombudsman. CIC complaints rose from 1,039 in 2022-23 to 3,847 in 2023-24 and further to 4,585 in…

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Auto makers clock robust sales in November

NEW DELHI: With demand continuing to be strong post the festive season, leading automakers – Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Hyundai and Toyota Kirloskar – saw robust growth in sales in Nov as compared to the same month last year. Maruti Suzuki India reported the best-ever total sales, including exports, last month at…

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Current account deficit narrows to 1.3% of GDP

MUMBAI: India’s current account deficit narrowed to $ 12.3 billion, or 1.3% of GDP, in the Sept quarter, improving sharply from $20.8 billion, or 2.2% of GDP, a year earlier. The deficit, however, deteriorated quarter-on-quarter from $2.4 billion, or 0.2% of GDP, recorded in the June quarter. For the first half of FY26, the gap…

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