Industry News – General developments across sectors
Bench, the startup that dabbles in accounting and tax services, has announced a round of significant layoffs. This follows its purchase during a fire sale last December, and it’s stirring up quite the conversation in the fintech community. Though they haven’t revealed the exact number of jobs lost, estimates suggest dozens of positions were cut, […]
According to recent research, almost one third of UK workers are keen to clock off early during a heatwave, with 34% also likely to take longer lunch breaks. This insight raises important questions about employee productivity and the need for HR to adapt to ensure a balanced and effective work environment even in scorching weather. […]
The Sabah and Sarawak Labour Ordinance (Amendment) Acts 2025 officially took effect on 1 May 2025, marking a historic point for labour laws in Malaysia. These amendments aim to standardise labour regulations across the nation, ensuring equality and enhancing worker rights. The government’s move to harmonise these laws signifies significant progress in alignment with international […]
Foreign companies are leaving China like it’s going out of style, and for a good reason. With regulatory pressure, rising costs, and geopolitical risks, the landscape has shifted dramatically. This four-part guide walks you through the ins and outs of shutting down or downsizing your Wholly Foreign-Owned Enterprise (WFOE), ensuring you avoid costly missteps along […]
A recent exposé reveals that Darren Beattie, a senior US State Department official, initiated sweeping requests for records regarding high-profile figures, including journalists and critics of Donald Trump, in a bid to uncover alleged conservative censorship. This document dump is reminiscent of the much-discussed “Twitter files” scandal. Key Points Darren Beattie requested extensive communications records […]
European cybersecurity distributor Elovade Group has made a significant leap into the UK market by acquiring Brigantia Partners Ltd., which is based in North Yorkshire. This move marks Elovade’s eighth and largest acquisition, further solidifying its position in Europe, with existing operations in countries like Germany, Austria, Switzerland, and Italy. Brigantia will operate under its […]
MGM Resorts has showcased its positive performance with a solid first quarter report while setting sights on a major bid for a downstate New York casino. The company announced a $2 billion stock buyback, emphasising growth in its digital divisions, alongside its ambitions in New York and Japan. Source: Casino Reports Key Points MGM executives […]
Light & Wonder has announced that Glenn Huybrecht, the Vice President & Managing Director for Asia, has departed the company just four months after taking on the role. In his place, Ken Jolly has resumed his responsibilities as Managing Director for the region. Key Points Glenn Huybrecht left Light & Wonder to pursue new opportunities […]
Red Rock Resorts executives are optimistic about their resilience in the face of potential economic downturns, outlining their strategies and current projects amidst recession fears. The company, which operates Station Casinos, believes that their business model and focus on the local Las Vegas market will help them weather any economic storm. Source: Article URL Key […]
This article discusses the importance of incorporating contractual limitations periods in employment agreements to provide clarity and certainty for both employers and employees. These limitations can significantly reduce the potential exposure to claims and are legally enforceable as established in a recent case. Source: Lexology Key Points Contractual limitations periods can be included in employment […]
