• Sky News

    Police 'reviewing information' about Tory MP Mark Menzies after alleged misuse of funds

    Police say they are reviewing "information" about Conservative MP Mark Menzies after Labour asked for an investigation into claims he misused party funds. Labour Party chair Anneliese Dodds wrote to Lancashire Police asking for an inquiry after The Times reported he had made a late-night phone call to an aide asking for funds to pay off "bad people". Mr Menzies told the paper he contests the allegations against him.

  • Reuters

    US regulators mulling bid to limit bonuses for Wall Street execs, WSJ reports

    U.S. banking regulators are planning to revive a proposal that would require big banks to defer executive compensation and claw back more of their bonuses if losses pile up, the Wall Street Journal reported on Friday. Six agencies, including the Federal Deposit Insurance Corp (FDIC) and the Office of the Comptroller of the Currency (OCC), are involved in developing the plan, the report said, adding that the measure could be proposed in the coming days. The Federal Reserve is not involved in drafting the proposal, the report said.

  • Reuters

    Google scraps minimum wage, benefits rules for suppliers and staffing firms

    Alphabet Inc's Google on Friday said it will roll back requirements that U.S. suppliers and staffing firms pay their employees at least $15 an hour and provide health insurance and other benefits, a move that could allow the tech giant to avoid bargaining with unions. The elimination of the 2019 policy, along with other steps such as limiting access by temporary workers and vendors to internal systems, are designed to comply with shifting U.S. and global labor regulations related to contingent workers, a spokesperson for Mountain View, California-based Google told Reuters. "These updates bring us in line with other large companies and simply clarify that Google is not, and has never been, the employer of our suppliers’ employees," the spokesperson said.