Inflation is changing how consumers pay, what they’re buying, surveys say (NASDAQ:DAVE)

SolStock/E+ via Getty Images With inflation all but impossible to ignore, consumers are changing their methods of payment to keep a closer eye on how much they spend, according to a survey of 11,000 consumers in Europe, North America, and Latin America commissioned by payments platform Paysafe (NYSE:PSFE). Some 44% of respondents of the survey … Read more

Mauritius-based PEs not to pay additional capital gains tax, says MRA

The Mauritius Revenue Authority (MRA) has clarified that foreign entities based in the island country need not pay additional capital gains tax following representations from private equity firms which have invested in India. The MRA said in respect to distributions made by foreign fiscally transparent entities to Mauritian residents, … Read more

McDonald’s franchisee will pay to settle sex bias, retaliation suit

A Rutland, Vermont-based McDonald’s Corp. franchisee will pay $1.6 million to settle a sex discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission, which charged that a night shift manager sexually harassed employees, most of whom were teens. Coughlin Inc. operates 10 McDonald’s restaurants in Vermont and New Hampshire. The EEOC lawsuit … Read more

Connecticut to Pay $9M to Settle Hospital Patient Abuse Suit

HARTFORD, Conn. (AP) — A Connecticut judge has approved a $9 million settlement between the state and the brother of a man who was abused numerous times at the state’s maximum-security psychiatric hospital, lawyers in the case announced Thursday. The abuse scandal involving patient William Shehadi at Whiting Forensic Hospital in 2017 led to the … Read more

Barclays’ UK customer-facing and junior support staff to receive pay rise

Barclays is set to give 35,000 of its UK-based staff in customer-facing, branch and junior support roles a pay increase from 1 August. The bank’s employees will receive a £1,200 rise to their annual pensionable salary. The increase brings forward part of the annual pay review that would normally have come into effect in March … Read more

Munich Re unit prevails in dispute over refusal to pay claim

A federal appeals court Wednesday affirmed a lower court ruling in a Munich Re unit’s favor in a coverage dispute with a Florida public entity risk management program that contended the reinsurer was forbidden from second-guessing its decision to pay a claim. Munich Re reinsured Fort Myers-based Public Risk Management of Florida for public officials … Read more

Zebra Technologies to pay $360M to Honeywell in patent settlement (NASDAQ:ZBRA)

Zebra Technologies (NASDAQ:ZBRA) disclosed Thursday it agreed to pay $360M to Honeywell (NASDAQ:HON) for past damages as part of a license and settlement agreement to resolve all patent-related litigation between the two companies. Zebra (ZBRA) said the payment will be charged to its Q2 earnings and will be paid in equal quarterly installments over eight … Read more

Barclays hands UK staff £1,200 pay rise to ease cost of living crisis

Barclays has given 35,000 of its branch and junior support staff in the UK a £1,200 pay rise to help them cope with the escalating cost of living crisis and soaring inflation. The salary increase will come into effect on August 1 and brings forward part of the lender’s annual pay review, normally due to … Read more

Helicopter crash: Oil ministry, ONGC to pay Rs 30 lakh to kin of deceased

State-owned Oil and Natural Gas Corporation (ONGC) and the petroleum ministry will pay a total compensation of Rs 30 lakh to each of the families of the four people who died in a helicopter crash in the Arabian Sea earlier this week. “ONGC & @PetroleumMin have announced ex-gratia payment of Rs 15 … Read more