Pizza Express waiting staff win back bigger slice of tips

Workers took action after share of tips paid on credit and debit cards was cut from 70% to 50% in 2021

Pizza Express waiting staff have won back a bigger slice of their tips after a year-long campaign against a change that handed more to kitchen staff.

The restaurant workers were forced to take action after their share of tips and service charges paid on credit and debit cards was cut from 70% to 50% last year at a time when pay was already under pressure from social-distancing measures that limited the number of diners.

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Seabed regulator accused of deciding deep sea’s future ‘behind closed doors’

The ISA, obliged to frame industry rules by 2023, drops reporting service and is accused of lacking transparency in plans for mining
• Podcast: The race to mine the deep sea

The UN-affiliated organisation that oversees deep-sea mining, a controversial new industry, has been accused of failings of transparency after an independent body responsible for reporting on negotiations was kicked out.

The International Seabed Authority (ISA) is meeting this week at its council headquarters in Kingston, Jamaica, to develop regulations for the fledgling industry. But it emerged this week that Earth Negotiations Bulletin (ENB), a division of the International Institute for Sustainable Development (IISD), which has covered previous ISA negotiations, had not had its contract renewed.

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Amazon workers in New York close to forming historic union after key vote

Elsewhere, a unionization vote by Alabama workers is pending as hundreds of votes were challenged

Amazon workers in New York are close to voting to form a union – a major win for labor activists who have failed in previous efforts to organize at the tech giant that is now the second largest private employer in the US.

Workers at an Amazon fulfillment center in Staten Island will find out on Friday whether or not they want to form a union, Amazon’s first in the US where it now employs over one million people.

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Food Standards Agency draws up list of food products containing cannabidiol

Move intended to ensure CBD ‘products are safe and what they say they are’, says FSA’s chief executive

The Food Standards Agency (FSA) has created a list of more than 3,500 food products infused with cannabidiol (CBD), bringing them one step closer to being authorised as part of government plans to wrest control over a flourishing industry.

CBD extracts are widely available in UK shops, cafes and online in the form of oils, drops, gels, confectionery, bakery products and drinks. The FSA is responsible for food safety and hygiene in England, Wales and Northern Ireland.

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Failure to consider long Covid impact will hit UK economy, says expert

Dr Nathalie MacDermott says condition has substantial impact on people’s ability to work and costs to government and business

The UK will pay an economic price for failing to consider long Covid when lifting restrictions and recommending vaccinations for children, a doctor has warned.

The decision to drop all Covid rules in England was largely based on whether the NHS could handle the number of sick patients, but far more people are expected to develop long-term medical problems after fighting off the virus.

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UK economy grows faster than expected; prices drop as US mulls big oil reserve release – business live

In Italy, inflation rose to an annual rate of 6.7% in March, according to a preliminary estimate from Istat, Italy’s statistics office.

Here’s a ranking of European inflation rates, based on the EU’s harmonised index of consumer prices (HICP) measure:

Inflation rose more than expected in France in March, reaching 4.5%. This is a figure that has not been seen since the 1980s, but it is still much lower than in neighbouring countries. Inflation will continue to rise in the coming months, before falling sharply.

For the next few months, we expect inflation to continue to rise, driven by energy and food prices, but also by inflationary pressures that are increasingly spreading to all sectors of the economy. The 5% mark for the national inflation indicator could be exceeded in the second quarter, even without further increases in energy prices. Indeed, all business indicators suggest that companies expect to set higher prices in the coming months.

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Women-led UK firms struggle to attract equal investment, study finds

The Gender Index aims to support growth of female-led companies, which tend to have lower turnovers

Companies led by women disproportionately attract less investment than those led by men, according to a large-scale study of female entrepreneurship in the UK.

The Gender Index, which was launched on Thursday, is a research study of all 4.4m active UK companies and allows users to track the impact of female-led firms on the economy via an online, interactive tool.

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Coal seam gas company Arrow Energy fined $1m for breaching Queensland’s land access rules

Investigation began after discovery of ‘deviated’ wells drilled from neighbouring properties

The Queensland government has fined coal seam gas company Arrow Energy $1m for breaches of land access rules over four years, after an investigation into allegations the company drilled diagonally beneath farmland without notifying the landholders.

The fine is among the most significant non-compliance penalties ever issued to a resources company in Queensland. Groups that have raised concerns against the rapid spread of the coal seam gas wells in Queensland’s farming communities say the penalty is a “small start”, but that landholders’ rights to object to gas drilling must now be strengthened.

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Britain hands billions to projects linked to labour abuse and climate damage

UK Export Finance used £5.24bn of taxpayer money to fund overseas energy and infrastructure ventures – despite its own review raising concerns

The British government has provided more than £5bn in the past three years to overseas energy and infrastructure projects linked to labour abuses and environmental damage, according to documents and interviews with workers.

The funding – a combination of loans and guarantees – comes from the government’s export credit agency, UK Export Finance (UKEF), a government department to help UK companies access business contracts overseas.

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Royal Mail told workers may strike over alleged ‘fire and rehire’ plans

Union says company aims to sack nearly 1,000 managers and bring in lower rates of pay

Royal Mail is being warned it could be hit by strikes over plans to cut managers’ jobs.

Unite said the company was aiming to sack nearly 1,000 managers and bring in lower rates of pay in another case of “fire and rehire”, which Royal Mail denies.

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Deliveroo CEO pay rises by 16% to £600,000 – plus £5m in shares

Remuneration of takeaway delivery firm boss comes at time its couriers are facing higher costs

Deliveroo chief executive Will Shu was handed a near 16% basic pay rise this year after taking home a £519,200 salary and £5.2m share payout last year.

The takeaway courier boss will receive basic pay of £600,000 this year and is set to receive another near £5m of shares in April next year, part of a £30m package over the next six years according to the group’s annual report published on Wednesday.

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Russian oligarchs on UK sanctions list were granted ‘golden visas’

Eight unnamed individuals were awarded right to live in Britain under controversial investor visa scheme

Eight Russian oligarchs on the UK sanctions list over their links to Vladimir Putin were granted “golden visas” to live in Britain.

The eight individuals, who Boris Johnson described as having “the blood of the Ukrainian people on their hands”, were granted the right to live in the UK after promising to invest at least £2m under the controversial tier 1 investor visa scheme.

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Yandex helps websites pushing false news make millions in advertising

Yandex-delivered ads found alongside misinformation and propaganda about Ukraine on Russian-language news sites

A Russian tech giant mostly owned by western investors is helping websites pushing false claims about the war in Ukraine to make thousands of dollars every day through digital advertising.

Yandex is considered Russia’s equivalent to Google, running both a search engine and an extensive digital advertising business. Its deputy CEO, Tigran Khudaverdyan, resigned this month after the European Union imposed sanctions on him.

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Hackers stole over $500m in cryptocurrency in record-making heist, Ronin says

Ronin, blockchain project that powers the popular online game Axie Infinity, says unidentified hackers used stolen private keys

Blockchain project Ronin said on Tuesday that hackers stole cryptocurrency now worth almost $615m from its systems, in what would be one of the largest cryptocurrency heists on record.

The project said that unidentified hackers on 23 March stole 173,600 ether tokens and 25.5 million USD coin tokens. At current exchange rates, the stolen funds are worth $615m, but they were worth $540m at the time of the attack.

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John Menzies accepts takeover bid from Kuwaiti aviation services rival Agility

Edinburgh-based firm agrees to £571m offer that will create world’s largest airport services firm

Executives at the British aviation services company John Menzies have accepted a £571m takeover deal from a Kuwaiti rival, after rebuffing three previous offers.

A subsidiary of Agility Public Warehousing had made the bid more than a month ago, which was conditional at the time, although the John Menzies board said it would accept the offer.

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Cathay Pacific plans world’s longest passenger flight, avoiding Russia

Airline could set distance record by rerouting its New York to Hong Kong service over the Atlantic instead of the Pacific, covering more than 16,600km

Cathay Pacific is planning the world’s longest passenger flight by rerouting its New York to Hong Kong service over the Atlantic instead of the Pacific, the airline has said, in a new path that steers clear of Russia.

The flight path will cover “just under 9,000 nautical miles” (16,668km, or 10,357 miles) in 16 to 17 hours, Cathay said in a statement to Agence France-Presse.

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Deliveroo extends its range adding new partner WH Smith’s products

Deliveries will start in Reading, as the takeaway service continues its expansion into new areas.

Books, stationery, phone chargers, toys and exam study guides are the latest items to be ferried to customers on fast-track delivery bikes via a partnership between WH Smith and Deliveroo.

The high street retailer will offer 600 products for delivery in as little as 20 minutes, joining similar services offered by supermarkets, pharmacies and takeaways.

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Biden targets America’s wealthiest with proposed minimum tax on billionaires

Tax on households over $100m aims to ensure wealthiest Americans no longer pay lower rate than teachers and firefighters

Joe Biden proposed a new tax on America’s richest households when he unveiled his latest budget on Monday.

The Biden administration wants to impose a 20% minimum tax on households worth more than $100m. The proposal would raise more than $360bn over the next decade and “would make sure that the wealthiest Americans no longer pay a tax rate lower than teachers and firefighters”, according to a factsheet released by the White House.

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NatWest bank returns to majority private control, oil prices fall on Shanghai lockdown – business live

Major investors have launched a campaign calling for Sainsbury’s to help tackle the cost of living crisis by becoming the first supermarket group to pay all its workers the “real living wage” of £9.90 an hour, reports my colleague Rupert Jones.

Legal & General Investment Management, Nest (National Employment Savings Trust), which is Britain’s largest workplace pension scheme, and several MPs have formed a coalition to push for the change after reports that increasing numbers of supermarket workers are having to turn to food banks to feed themselves and their families.

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Benefit rises will take 18 months to catch up with inflation, OBR chair tells MPs – UK politics live

Latest updates: warning comes as chancellor is to face Commons Treasury committee this afternoon amid criticism over his spring statement

Q: Is it right for trans women to be able to compete in women’s sports?

Starmer says that should be a matter for the sporting authorities.

I spent a lot of my working life dealing with violence against women and girls first-hand, and I know from that experience, just how important it is to fight for women and fight for equality.

We have had legislation in this country which makes it clear that in some circumstances, particularly at the moment under the law when you’ve gone through a process, you can be recognised in the gender of your choosing, that’s been the position for over a decade now ...

But I equally - I want to be really clear about this - I am an advocate of safe spaces for women.

I don’t think that discussing this issue in this way helps anyone in the long run.

What I want to see is a reform of the law as it is, but I am also an advocate of safe spaces for women and I want to have a discussion that is ... anybody who genuinely wants to find a way through this, I want to discuss that with, and I do find that too many people - in my view - retreat or hold a position of which is intolerant of others.

Of course there are circumstances and anybody who insults family members excites something quite emotional in all of us.

But, on the other hand, to go up and hit someone in that way is wrong, I’m afraid. It was the wrong thing to do.

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