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2 months ago | 
thisismoney.co.uk | Daniel Jones |Brett Lackey
The company that holds the licences for Australian-founded surfwear brands Billabong, Quiksilver and Roxy has filed for bankruptcy. US-based Liberated Brands - which runs the three labels along with Californian skate brand Volcom - will shut all its 120 US and Canadian stores, after clearing stock with up to 60 percent-off sales. Bosses blamed a shift in shopper behaviour as they turned away from brands towards cheaper, fast fashion from the likes of Shiein and Temu.
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Nov 7, 2024 | 
thisismoney.co.uk | Daniel Jones
The Federal Reserve has cut interest rates, amid reports that Donald Trump will allow Chair Jerome Powell to remain in his job until 2026. The central bank made a 25 basis point cut Thursday, bringing rates down between 4.5 percent and 4.75 percent. Lower rates are good news for consumers as it makes borrowing money less expensive, and should mean cheaper loans and credit card rates eventually trickle down to Americans.
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Sep 13, 2024 | 
thisismoney.co.uk | Daniel Jones
America is no longer home to the world's top burger. The US is home to the biggest fast food chains - from McDonald's to Wendy's - and is also thought to be where they were invented. But a chain in Europe has landed the title of the world's best burger for 2024, according to the 'Michelin Guide for Burgers'. It is the first time the gong has gone to a restaurant outside of America. Well-known Pizza Loves Emily from New York had headed the list last year but slipped to number two.
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May 10, 2024 | 
jdsupra.com | Daniel Jones |Archis A. Parasharami |Kevin S. Ranlett
For businesses that use consumer and workplace arbitration agreements designating JAMS as their arbitration administrator, there is an important new development: JAMS has announced new Mass Arbitration Procedures and Guidelines and a new Mass Arbitration Procedures Fee Schedule. These changes are a welcome improvement.
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Mar 25, 2024 | 
thisismoney.co.uk | Daniel Jones
Boeing CEO Dave Calhoun is to step down at the end of the year in part of a management shakeup for the aircraft giant. Calhoun plus the chairman of the board and the head of its commercial airlines businessare all leaving amid the Alaska Airlines door plug disaters and ongoing 737 Max safety issues. Wall Street responded positively to the news - with shares rising 2.5 percent in premarket trading.
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Mar 21, 2024 | 
news.onr.org.uk | Daniel Jones
Alan Wylie from our Sellafield, Decommissioning, Fuel and Waste division, recently joined over 3,300 other nuclear professionals at the Phoenix Waste Management Symposium, one of the world’s premier radioactive waste management conferences. During the five-day event which brought together global experts, Alan delivered a presentation describing our approach to the regulation of Sellafield, one of most hazardous nuclear sites in Europe.
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Feb 19, 2024 | 
thisismoney.co.uk | Daniel Jones
Canada's main airline must pay compensation after an AI chatbot convinced a customer to buy a full-price ticket by promising a discount. Jake Moffatt bought an Air Canada ticket to go to the funeral of his grandmother. He was helped by a chatbot, which told him he could get some of his money back under the airline's bereavement policy so long as he applied within 90 days of travel. So he bought tickets from Vancouver to Toronto for about $590, and then a few days later paid $630 to return.
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Feb 8, 2024 | 
news.bloomberglaw.com | Andrew J. Pincus |Archis A. Parasharami |Daniel Jones
Some commentators are celebrating the rise of mass arbitrations, but there’s little cause for celebration. The sole beneficiaries of most mass arbitrations are the plaintiffs’ lawyers who reap huge fees from settlements. Often the settlement amounts are wholly unrelated to the merits of the underlying claims. Who’s hurt? Parties with legitimate claims and the consumers and workers who foot the bill for these unjustified settlements and the accompanying attorneys’ fees.
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Feb 6, 2024 | 
jdsupra.com | Andrew Demko |Daniel Jones |Archis A. Parasharami
The American Arbitration Association (AAA) has announced updates to its Mass Arbitration Supplementary Rules and its fee schedules for consumer and employment mass arbitrations. These changes may ameliorate some of the worst abuses in recent mass arbitrations and are a welcome development in that respect. But they do not come close to eliminating the risks associated with abusive mass arbitrations.
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Jan 19, 2024 | 
news.onr.org.uk | Daniel Jones
‘Our People’ is a regular feature, focusing on the Office for Nuclear Regulation’s staff and the work we do every day to help keep the nuclear industry safe and secure. It aims to bring our jobs to life while increasing understanding of our role among our different stakeholders. Today, we learn more about Jerome Allison, a Nuclear Safety Equivalent Inspector, who works in ONR’s Transport Team and New Reactors Division.
