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Co-op to pay bonuses despite withholding £65m in state funds

Co-op to pay bonuses despite withholding £65m in state funds

Business
The Co-op Group is to hand annual bonuses to senior executives despite refusing to repay £65m in business rates relief it received from the government to support it through the pandemic.Sky News can reveal that the mutual's remuneration committee has decided to reward chief executive Steve Murrells and senior colleagues for their work last year - a move that insiders say could spark a fierce backlash from members and employees. The size of the bonuses to be handed to executives will be disclosed in the Co-op's annual report in the coming weeks, and was unclear on Thursday. Image: Tesco led the way in repaying business rates relief Confirming a report by Sky News, the Co-op said it would give back only part of the state support it rece

The U.S. solar industry posted record growth in 2020 despite Covid-19, new report finds

Finance
Peter Cade | Stone | Getty ImagesU.S. solar installations reached a record high during 2020 as favorable economics, supportive policies and strong demand in the second half of the year offset the impacts from the coronavirus pandemic.Installations grew 43% year over year during 2020, reaching a record 19.2 gigawatts of new capacity, according to a report released Tuesday from the Solar Energy Industries Association and Wood Mackenize.During the fourth quarter alone, the U.S. added slightly more than 8 gigawatts of capacity — a new quarterly record. To put the number in context, during all of 2015, 7.5 gigawatts were added. One gigawatt is enough to power roughly 190,000 homes. The U.S. currently has 97.2 GW of total solar capacity installed, enough to power roughly 17.7 million homes.Calif

US prison guards refusing vaccine despite COVID-19 outbreaks

Health
A Florida correctional officer polled his colleagues earlier this year in a private Facebook group: “Will you take the COVID-19 vaccine if offered?”The answer from more than half: “Hell no.” Only 40 of the 475 respondents said yes.In Massachusetts, more than half the people employed by the Department of Correction declined to be immunized. A statewide survey in California showed that half of all correction employees will wait to be vaccinated. In Rhode Island, prison staff have refused the vaccine at higher rates than the incarcerated, according to medical director Dr. Justin Berk. And in Iowa, early polling among employees showed a little more than half the staff said they’d get vaccinated.As states have begun COVID-19 inoculations at prisons across the country, corrections employees are
TSA reports highest daily travel numbers in year despite COVID-19 variant worries

TSA reports highest daily travel numbers in year despite COVID-19 variant worries

Business
March 14 (UPI) -- The Transportation Security Administration screened the most passengers in a single day since last year at the end of last week as spring break travel continues despite warnings from health officials. On Friday the TSA screened 1,357,111 travelers, the most since March 15, 2020, less than a week after the World Health Organization declared COVID-19 a pandemic. Advertisement The TSA reported its lowest travel volume of just 87,500 passengers on April 14, 2020, and air travel in 2020 fell 60% overall from the previous year to 324 million. The record in air travel came just a day before the United States administered 100 million COVID-19 vaccine doses, fulfilling President Joe Biden's pledge to reach the milestone before the end of his first 100 days in office. However, th...

Tesla’s China-made Model Y takes off despite holiday car sales slump

Finance
A Model Y vehicle displayed at a Tesla flagship store on Jan. 4, 2021 in Shanghai, China.Gao Yuwen | Visual China Group | Getty ImagesBEIJING — Tesla's Model Y is getting off to a solid start in China, less than three months since deliveries began.The mid-size SUV was the third best-selling electric car in February at 4,630 vehicles, according to data released Wednesday by the China Passenger Car Association. Taking January into account, the data showed the car was the ninth-best seller among new energy vehicles, a category that includes electric cars.Tesla announced on New Year's Day its China-made Model Y would begin deliveries at a price that Chinese media said was 30% cheaper than previously announced.The Model Y was popular even though car sales typically fall during the week-long Lun