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Saturday, October 14, 2023

'A devastating financial blow': California's 'draconian' fast-food bill becomes a law

California Governor Gavin Newsom has signed a bill that will raise wages for fast-food workers across the state. The legislation establishes the highest minimum wage for fast-food employees in the industry nationwide, but has faced criticism from the National Owners Association (NOA) for its strict regulations. The bill also creates a council with the power to approve future wage increases.

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Reinsurance buffers crash claim, Tata AIG logs Rs 1,008 crore profit

The General Insurance Corporation had estimated claims of over $400 million last year from the Air India Ahmedabad crash. Since then, reinsu...