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Tag: policy

Waitrose in u-turn on virus pay policy

Waitrose in u-turn on virus pay policy

Business
Waitrose has pledged to reverse a policy where workers self-isolating because of their family had to make up their hours owed at a later date. The company said: "We're really sorry that we got it wrong. "We've listened to our Partners and changed our policy. " Worried Waitrose workers had warned the BBC that customers and staff were being put at risk during the coronavirus crisis through its time bank system, which demanded the hours be recouped."Partners who are self isolating without symptoms and unable to work from home will no longer be required to 'time bank' any of their time," the company has decided."Instead they will be on authorised paid absence from day one." The firm had expected staff to recover time they took off for sick family members. It...
After virus scare, markets look to Fed rate policy to keep stock rally going

After virus scare, markets look to Fed rate policy to keep stock rally going

Finance
Traders work after the opening bell at the New York Stock Exchange (NYSE) on August 5, 2019 in New York City.JOHANNES EISELE / AFP / Getty ImagesWith stocks coming off their first losing week of the year, investors will be looking for the Federal Reserve to soothe markets by reaffirming its position that interest rates will be low for a long time into the future.The outbreak of the coronavirus in China in the past week took the steam out of a market that has been repeatedly rallying to new highs since December. The S&P 500 fell just about 1% for the week, amid fears the virus could lead to slower growth not only in China, but across the globe.Those concerns could continue to spook markets in the coming week, but stocks should be buffeted by the Fed's anticipated commitment to low rates...

Scientific groups remove job posts over LGBTQ policy at BYU

Technology
Two well-known scientific groups have dropped job postings from their websites from Brigham Young University because of the school's LGBTQ policiesByThe Associated PressNovember 11, 2019, 8:36 PM2 min read Two well-known scientific groups have dropped job postings from their websites from Brigham Young University because of the school's LGBTQ policies, igniting a debate on whether research organizations should take a stance on social issues. The Washington-based American Geophysical Union and the Colorado-based Geological Society of America took down the ads amid mounting pressure from members, the Salt Lake Tribune reported Monday. Both groups say the ads require applicants to abide by the school's honor code, which includes a ban on homosexual behavior. Members of both nonprofits...
India has limited room to ease fiscal policy due to high debt: Fitch

India has limited room to ease fiscal policy due to high debt: Fitch

Finance
Fitch Ratings on Tuesday forecasted India's economic growth at 6.6 per cent during the current year, down from 6.8 per cent in the previous year, and said the government has only limited room to ease fiscal policy because of high debt. It said GDP (gross domestic product) growth is likely to rebound to 7.1 per cent next year. Keeping India's rating unchanged at BBB- with a stable outlook, it said the rating balances a strong medium-term growth outlook and relative external resilience with sturdy foreign reserve buffers, against high public debt, financial sector fragilities and some lagging structural factors. In its Asia-Pacific Sovereign Credit Overview, Fitch said India's GDP growth decreased for a fifth consecutive quarter in the April-June quarter to 5 per cent, the lowest in six year...