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• The Financial Accounting Standards Board (FASB) released preliminary measurement guidance addressing accounting treatment for paid-in-kind (PIK) dividends on equity-classified preferred stock. • The guidance represents an important clarification for companies issuing preferred stock with dividend structures, affecting financial reporting standards across the U.S. corporate sector. • This regulatory development impacts corporate accounting practices and may influence capital structure decisions for companies considering preferred equity financing.

Company says ‘sustained outperformance’ merited pay rise as it ups profit guidance by £8m for the year to January 2027Business live – latest updatesThe Next chief executive, Simon Wolfson, took home more than £7m last year, his highest ever pay package, and could be handed up to £9.27m this year after the retailer announced plans to increase his basic salary and bonuses.The listed company said it was increasing its pay deal for the long-term leader of the fashion and homewares retailer, which now controls a string of brands in the UK including Gap, Victoria’s Secret, Cath Kidston, Reiss and FatFace, as his remuneration was 30% below the average for FTSE 100 bosses. Continue reading...

Ministers admit carer’s allowance penalties will continue while review of more than 200,000 cases is carried outThousands of unpaid carers will continue to be hit with hefty and potentially unfair benefit repayment demands, it has emerged, as a government initiative gets under way to fix welfare injustices that have drawn comparison to the Post Office scandal.Ministers will on Monday launch an audit of more than 200,000 historical carer’s allowance benefit cases, with an estimated 25,000 carers issued with unlawful overpayments since 2015 likely to see their repayment debts cancelled or reduced as a result. Continue reading...

Use of interns by Plum Sykes, an ex-assistant of Anna Wintour whose family owns a Yorkshire estate, reignites debate about creative industriesShe is said to have been the inspiration for a character in The Devil Wears Prada and was a personal assistant of Anna Wintour, so Plum Sykes knows a thing or two about the arduous and often unglamorous life of being a fashion industry intern.But that recognition does not, it appears, extend to paying her own interns a fair wage. Or, indeed, any wage at all. Continue reading...

• Family caregivers in Florida deliver an estimated $81 billion worth of unpaid care each year, according to a new AARP survey. • This substantial economic contribution underscores the vital role informal caregivers play in the state's health system. • Policymakers may consider support measures to address caregiver burden and sustain this workforce.

Shirine Khoury-Haq and other managers did not receive annual bonus after damaging cyber-attack in 2025The former boss of the Co-op collected almost £2m before her sudden departure last month despite a difficult year when the retailer was pushed into the red by a damaging cyber hack.Shirine Khoury-Haq’s total annual pay package amounted to £1.9m in 2025, including a £165,000 “rewarding growth” bonus that was approved by the mutual’s board despite falling sales and the slide to an underlying loss of £125m. Continue reading...

US president issues executive order as longest partial government shutdown in US history enters 49th dayDonald Trump issued an executive order Friday that declares all Department of Homeland Security employees will receive pay and benefits during the agency’s partial shutdown.The “Liberating the Department of Homeland Security From the Democrat-Caused Shutdown” memo is similar to Trump’s executive order from last week which called for issuing pay to Transportation Security Administration (TSA) agents during the shutdown.In the order, Trump directed the homeland security secretary, Markwayne Mullin, to “use funds that have a reasonable and logical nexus to the functions of DHS” to pay “each and every employee of DHS”. Continue reading...

NASUWT says full entitlement should be increased from four weeks to 26 and paternity pay also improvedFull maternity pay for teachers across the UK should be increased to 26 weeks to help stem the exodus of women in their 30s from classrooms, a union leader has said.Matt Wrack, general secretary of the NASUWT teachers’ union, said it was a “national scandal” that so many teachers who quit said inadequate maternity support was one of the reasons. Continue reading...

Research for TUC analyses link between job quality and economic inactivity, as UK youth unemployment risesYoung people in the UK are more likely to leave their job for health reasons and become economically inactive when they work in insecure, low-paid sectors, a study has found.Research carried out for the Trades Union Congress by the consultancy Timewise charts a connection between the jobs young people are most likely to do – in hospitality, retail and care, for example – and the proportion of people leaving work because of ill health. Continue reading...

Hackney leaseholders feel council made the problem worse by leaving £850,000 debt uncollected for eight yearsLeaseholders in east London have said they are “trapped in unsellable homes” because of an £850,000 debt owed by the building’s developer to Hackney council, who have let it go unpaid for eight years.The 17 leaseholders, who live in a block of flats in Upper Clapton, have appealed to the council for help but their pleas, including requests for a meeting, have been ignored. Continue reading...

Union celebrates ‘landmark decision’ that will mean adults aged 20 or younger are no longer paid lessFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastHalf a million young Australians working in the retail, fast food and pharmacy sectors are set for a wage increase after the Fair Work Commission abolished junior pay rates for those aged 18 and over.The wage rises will be phased in over four years in a landmark change that unions compared to the introduction of equal pay for women in the 1970s. Continue reading...

• Waymo's autonomous vehicle service is experiencing explosive growth, with weekly paid robotaxi trips increasing tenfold in under two years. • The surge signals a significant shift toward autonomous vehicles dominating the transportation industry, though regulatory hurdles and safety concerns remain pressing challenges. • The growth demonstrates market viability of driverless technology while raising questions about infrastructure readiness and public acceptance.

Workers are ‘in the middle of chaos from political games’ as Senate Republicans try to negotiate with Democrats to reopen DHSSign up for the Breaking News US email to get newsletter alerts in your inboxWorkers with the Transportation Security Administration (TSA) are reeling from the White House’s deployment of immigration law enforcement into airports as TSA workers enter their sixth week without pay as the Department of Homeland Security (DHS) shutdown continues.Over 400 TSA workers have quit since the shutdown began in February, with major US airports reporting high call-out rates among workers, leading to longer security wait times. On Sunday, over, 3,450 TSA officers called out of work, with as many as 40% of officers at some airports calling out that day, according to DHS data. Continue reading...

Watchdog also fines PhotobookShop for editing a paid review from an influencer who had described process as ‘fiddly’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAn online photobook retailer has been fined nearly $40,000 for asking social media influencers to not disclose they had been paid to post a review on Instagram.It marks the first time a penalty has been handed down to an Australian business for an influencer not disclosing paid post. Continue reading...

Amid a surge in fuel prices and fear of shortages, SA police chief signals officers might stop investigating ‘drive-offs’ unless service stations install prepaid pumpsGet our breaking news email, free app or daily news podcastThe rusty green fuel trailer hardly looks like it is worth stealing. But some time before 1 March it was hooked up to the back of a vehicle and taken from a property at Huntley, south of Orange, in the New South Wales central tablelands.It was just another in a series of thefts that police across Australia are keeping a watchful eye on. Continue reading...

• Thousands of TSA agents called out sick on March 19, 2026, protesting ongoing delays in wage payments despite federal funding. • The mass absenteeism disrupts airport security nationwide, coinciding with surging travel demands and war-related alerts. • Labor issues risk compromising U.S. aviation safety at a critical time, prompting emergency federal intervention calls.

Reform UK leader’s remarks in Cameo clip risk damaging party’s ambitions in upcoming Welsh electionsFarage videos reveal support for rioter, neo-Nazi event and far-right slogansNigel Farage described Welsh people as “foreign speakers” in a paid-for personalised video message that could prove awkward for Reform UK in forthcoming elections in the country.Farage made the remarks in a video he was paid to make on Cameo, a personalised video platform, to celebrate a wedding. Continue reading...

Reform MP made Valentine’s Day clips for platform despite previous warning about commercial filmingNewly unearthed Nigel Farage videos reveal support for rioter, neo-Nazi event and far-right slogansThe Reform UK MP Lee Anderson has used his parliamentary office to record paid-for personalised messaging videos, in a possible breach of rules that prohibit the commercial use of the Palace of Westminster.Anderson, who had already been warned about commercial filming in Westminster, sold two videos filmed from what he called the “beating heart of democracy in Westminster” in early February 2025. Continue reading...

Officials sent out repayment letters to about 1,400 people relying on discredited guidance that had been scrappedUnpaid carers have been issued with demands to repay thousands of pounds for allegedly breaking benefit rules even though officials knew the decisions were based on unlawful and discredited policy guidance.About 1,400 carers are understood to have been sent letters by the Department for Work and Pensions (DWP) in January asking them to repay sums relating to breaches of carer’s allowance earnings rules that had been scrapped four months previously. Continue reading...