Starbucks grants $96M pay package to new CEO Brian Niccol
Starbucks CEO Brian Niccol earned $96M in just four months, with 94% tied to stock awards, as the coffee giant bets on his leadership to drive growth.
Starbucks workers union authorizes potential strike over stalled negotiations with coffee giant.
The union representing over 10,000 Starbucks baristas has authorized a potential strike as final bargaining talks with the coffee giant are set to take place on Tuesday.
Workers United, which represents employees at 525 Starbucks locations, claims the company has yet to propose a comprehensive economic plan, with hundreds of unresolved labor disputes lingering.
The union has pushed for increased wages, better staffing, and improved scheduling, though no date for a strike has been set. Negotiations began in April to establish a foundational framework for collective bargaining and potentially settle pending legal disputes.
This comes as Starbucks continues efforts to revamp its operations under CEO Brian Niccol, who pledged to engage constructively with the union following his appointment earlier this year. Starbucks has not yet commented on the union's announcement.
The company, which operates over 11,000 U.S. stores with roughly 200,000 employees, recently raised paid parental leave from six to 18 weeks, effective March.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
The UK will buy 12 F-35A jets capable of carrying tactical nuclear weapons.
Airlines have cancelled and rerouted flights across the Middle East as the Israel-Iran conflict escalates.
African leaders at the U.S.-Africa Business Summit in Luanda have called for an end to aid-based relations with the U.S., urging a stronger focus on private investment and transformative partnerships.
Recent US airstrikes on Iran failed to destroy its nuclear program and only delayed it by a few months, according to an initial US intelligence assessment, as a fragile ceasefire between Iran and Israel holds.
Trump says China can continue buying Iranian oil after Israel-Iran ceasefire, hinting at softer sanctions enforcement.
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