Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
China Manufacturing PMI Slips Into Contraction in January as Weak Demand Pressures Economy 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
Hyundai Motor Lets Russia Plant Buyback Option Expire Amid Ongoing Ukraine War 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
Starbucks Corporation will have to shell out more cash after a court orders it to pay a former regional manager an additional $2.7 million or €2.5 million. The payout is in connection with a racism case for an incident that took place in 2018.
Starbucks must compensate the said manager after she was fired due to the arrest of two Black men while in the store. The court said that the amount is for the lost wages and tax damages.
This was the same regional manager who was already awarded more than $25 million earlier. This compensation was given, claiming that she and other white staff were illegally punished by Starbucks’ management after the high-profile arrests of two Black men who were at the store five years ago.
According to Associated Press News, Shannon Phillips already won $25 million in punitive damages in addition to $600,000 in compensatory damages in June this year. These were handed down to her after a jury in New Jersey determined that race was a factor that contributed to the decision to fire Phillips. This move is apparently a violation of the federal and states anti-discrimination laws.
In the latest development, the judge ordered Starbucks to pay another $2.73 million for Phillip’s past and future lost earnings plus benefits. As stated in the court documents, this will also serve as compensation for tax disadvantages due to the lump sum.
At any rate, it was reported that Starbucks has been refusing to pay any amount and challenging the verdict. The coffee chain said that the former regional manager that managed business operations in Philadelphia had not proven that she could not have earned the same amount, or more, in the future, as per RTE News.
Photo by: Asael Peña/Unsplash
