Finance Minister Travis Toews issued a blistering news release on Thursday afternoon, accusing an Alberta nurses union of orchestrating an “overreaching and disingenuous demand for indefinite job security” that he described as “a shameful effort to take advantage of a health crisis.” © Courtesy: Government of Alberta Alberta Finance Minister […]
crisis
Mallinckrodt, ensnared in opioid crisis, seeks Chapter 11
A New Jersey drugmaker ensnared in the fallout from America’s opioid crisis is seeking bankruptcy protection. Mallinckrodt said Monday that it had begun Chapter 11 proceedings to restructure debt and resolve “several billion dollars of otherwise unmanageable potential legal liabilities.” The drugmaker, one of the highest-volume opioid producers in the […]
Ryanair CEO Bonus Challenged as Crisis Sparks Pay Scrutiny | Investing News
PARIS (Reuters) – Ryanair boss Michael O’Leary’s proposed 458,000 euro ($540,600) annual bonus came under fire on Friday, as an influential investor advisory firm urged shareholders to oppose the package in a non-binding vote later this month. Proxy advisor Institutional Shareholder Services (ISS) said the pay award for the financial […]
Not all insurance cover will let you down in a crisis
The insurance industry has hardly covered itself in glory in recent months, refusing to pay out on claims made by owners of small firms who understandably thought their business interruption policies would kick in as a result of the pandemic. Yet its reputation has not been entirely left in shreds. […]