Geneva introduces world highest minimum wage of $25 an hour - Business Insider Business Insider logoThe words "Business Insider". 2020-10-05T12:09:47Z Denis Balibouse/Reuters The canton of Geneva, Switzerland, voted to introduce a minimum wage of 23 Swiss francs ($25) an hour. This means full-time workers will earn at least 45,264 Swiss francs a year, or $49,386. That's more than three times ...

President Donald Trump announced Friday morning that he and the First Lady tested positive for COVID-19. James McDonald, CIO at Hercules Investments, told Business Insider that the news will be the catalyst for a protracted sell-off heading into the election. McDonald offered his two best strategies for hedging against a sell-off. Visit Business Insider's homepage for more stories. Uncertainty on ...

Stakeholder capitalism, the idea that a company's purpose is to benefit all its stakeholders, became the reigning economic theory in 2019 after 181 CEOs extolled the idea in an open letter titled a "Statement on the Purpose of a Corporation". But the pandemic put stakeholder capitalism to the test, and a report funded by the Ford Foundation found that companies ...

Real-time payments are starting to take off in the US as the coronavirus pandemic pushes consumers and businesses to lean more into digital. Currently in the US, more than 130 financial institutions are implementing real-time payments, a five-fold increase since September 2019, according to FIS' 2020 Flavors of Fast report. For businesses, real-time payments can mean big savings in overhead ...

Shopify has become a lifeline for business owners entering the online space during the pandemic. The company exceeded expectations as its stocks have nearly doubled since January. President and former chief operating officer, Harley Finkelstein attributes much of that success to Shopify's ethos of leveling the playing field for anyone to start a business. In an exclusive interview with Business ...

Prada auctions outfits, set, photos from its fall/winter 2020 show - Business Insider Business Insider logoThe words "Business Insider". 2020-10-05T11:54:08Z Tullio M. Puglia/Getty Images Prada is auctioning 72 lots from from Miuccia Prada's final solo show during Milan Fashion Week 2020. The items include clothes worn by the models, backstage photos, invitations, runway props, and vinyls with the shows' music. ...

It's no secret that Silicon Valley has a diversity issue. The tech industry has long been dominated by white males. When Snap Inc. released its first ever diversity report this year, it showed that women and minorities were seriously underrepresented. But Oona King, Snap's first vice president of diversity and inclusion, is spearheading the company's efforts to increase diversity at ...

The UK's health authorities missed 16,000 coronavirus cases in the space of a week due to a shambolic IT failure. Public Health England (PHE), which tallies daily new Covid-19 infections, missed 15,841 new cases between September 25 and October 2. The error occurred after an Excel spreadsheet used by officials maxed out its data limit, according to the Daily Mail. ...

On Thursday and Friday SpaceX had two rockets abort their launches due to technical issues. Elon Musk said on Twitter he will be heading to Florida this week to inspect hardware at the launch sites. Previously most of his energy had been focused on the company's site in Boca Chica, Texas where SpaceX is developing its Starship rocket. Visit Business ...