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.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
Iranian Foreign Minister Abbas Araqchi will visit Saudi Arabia and Qatar on Saturday to attend the Iran-Arab World Dialogue summit in Doha, as preparations continue for a possible fourth round of U.S.-Iran nuclear talks in Oman over the weekend.
Britain has imposed fresh sanctions on Russia, including asset freezes targeting directors of the oil trading firm Coral Energy Group, now known as 2Rivers Group.
Moscow is currently holding a Victory Day parade to mark 80 years since the end of the Great Patriotic War, with foreign delegations and military units participating.
A helicopter crash in Sri Lanka has resulted in six fatalities, according to military sources cited by AFP on Friday.
President Donald Trump and U.K. Prime Minister Keir Starmer have reached a trade agreement that lowers U.S. tariffs on British autos, steel, and aluminum, while maintaining a 10% baseline tariff on other goods and boosting American exports of beef and ethanol.
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