About 80 workers affected by Twelve Cupcakes’ closure; union says sudden notice ‘unacceptable and unfair’

SINGAPORE: The decision by bakery chain Twelve Cupcakes to cease operations was made without advance notice, the union said on Thursday (Oct 30), criticising the sudden move as “completely unacceptable and unfair” to workers.  About 80 employees have been affected, including rank-and-file workers, executives and managers. Twelve Cupcakes announced its closure on its website, saying…

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ED Finalizes PSLF Rule Limiting Who Gets Forgiveness

Employees at any company the Trump administration deems as having “a substantial illegal purpose” will no longer qualify for Public Service Loan Forgiveness under a new set of regulations finalized Thursday by the Department of Education. The final rule is very similar to the first draft released in August—both of which have been heavily criticized.…

Birmingham was never bankrupt, say finance experts

Bridie Adams,West Midlandsand Sarah Julian,in Birmingham LDRS The academics and experts argue that mistakes in financial forecasts were among reasons Birmingham City Council declared itself effectively bankrupt in 2023, when it did not need to There should be a public inquiry into how Birmingham City Council declared itself effectively bankrupt in 2023 – a decision…