Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees on Wednesday. The furloughs will affect tens of thousands of Boeing employees, a company spokesperson said. The plan came less than a week after…
JPMorgan Chase has created a new global role overseeing all junior bankers in an effort to better manage their workload after the death of a Bank of America associate in May forced Wall Street to examine how it treats its youngest employees. The firm named Ryland McClendon its global investment banking associate and analyst leader in a…
Amazon announced Wednesday it is raising wages for its hourly warehouse workers and adding a new employee perk that will give them a Prime subscription at no extra cost. Beginning this month, Amazon’s average starting pay for front-line employees in the U.S. will be bumped to an average of more than $22…
Georgian lawmakers on Tuesday approved the third and final reading of a law on “family values and the protection of minors” that would impose sweeping curbs on LGBTQ rights. The bill would provide a legal basis for authorities to outlaw Pride events and public displays of the LGBTQ rainbow flag,…
Israel has added another objective to its ongoing conflict with Hamas and Hezbollah: ensuring the safe return of residents from communities along its border with Lebanon to their homes. The country’s security cabinet voted on the measure during a late night meeting that lasted into the early hours of Tuesday,…
Ukrainian prosecutors have launched an investigation into an alleged Russian execution of a Ukrainian soldier found dead with a sword inscribed with “for Kursk” in his body, in an apparent act of revenge for Kyiv’s recent incursion into the Russian border region. In a photo circulating online, a man is…
Iran’s Ambassador to Lebanon, Mojtaba Amani, was among those injured in Beirut, according to semi-official Iranian media outlet Mehr News. Lebanon’s Ministry of Health has urged citizens who possess pagers to discard them and warned hospitals to be on “high alert.” The explosions affected several areas in Lebanon, particularly the southern…
Hundreds of pagers carried by Hezbollah members in Lebanon blew up nearly simultaneously on Tuesday in an unprecedented attack that surpasses a series of covert assassinations and cyber-attacks in the region over recent years in its scope and execution. The Iran-backed militant group said the wireless devices began to explode around 3:30…
As Russia’s military last week launched globe-spanning drills widely seen as a show of strength directed at the United States, President Vladimir Putin made clear which country he sees as standing by Moscow’s side. In an opening video address, Putin said 15 “friendly” nations would observe what Moscow claimed were some…
Is it a prelude to a wider attack or the totality of the message to Hezbollah? This is the key question for the next 48 hours in the Middle East, as the Lebanese militant group comes to terms with the wholesale disruption and violation of their most sacred communications. Tuesday’s…