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UK pensions shake-up proposes traffic-light scheme | Pensions industry

Workplace pension schemes could be assessed on a traffic light system based on plans designed to help savers make the most of their retirement savings. About 16 million workers save for retirement through defined-contribution pension plans, but the income they ultimately receive depends on a variety of factors, including the performance of the funds in […]

Paris Olympics deal hands Discovery+ gold in UK TV streaming race | Television industry

Discovery+ has become the UK’s fastest-growing paid streaming service, with the nearly £1 billion deal its parent company spent to wrest Olympic rights from the BBC appearing to be paying off. Six years ago, Warner Bros. Discovery (WBD), which runs the Discovery+ streaming service in the UK and the Max streaming service across Europe as […]

NYC pols got $700K from union pushing bill to reshape hotel industry

Records show that powerful labor unions have donated more than $700,000 in campaign contributions to City Council members who backed controversial legislation that critics say would inflate hotel rates and destroy New York’s hospitality industry. Since 2021, the Hotel & Gaming Trades Council has donated $711,428 to support the political campaigns of 15 of the […]

SAG-AFTRA Announces Strike Against Video Game Industry over AI Concerns

SAG-AFTRA, the actors’ union that represents voice and motion-capture performers in the video game industry, announced on Friday that it had begun a strike against major gaming companies. summary Reports The Screen Actors Guild-American Federation of Television and Radio Performers (SAG-AFTRA)’s formal declaration of a strike against video game companies marks a significant milestone in […]

Champagne Sales Drop 15%, Industry Blames World Malaise

Champagne sales have fallen this year, with French industry executives believing the world is in a slump with less to celebrate. “LVMH has a champagne problem” Reports Business Insider. “Chief Financial Officer Jean-Jacques Guiony thinks that could be because people are celebrating by opening bottles less.” In the first two quarters of 2024, sparkling wine […]