Pauline Hanson, One Nation leader, suggested that women should not be paid by employers during maternity leave and proposed income splitting for families to encourage a parent to stay home. Economists warn these ideas could reduce workforce participation by women, harm productivity, and increase gender inequality.
Key Facts
Hanson said if women are not working on maternity leave, employers should not have to pay them.
Paid parental leave is currently not required by law, but many employers offer it to attract staff.
The government will provide 26 weeks of paid parental leave at the national minimum wage starting July 1.
Hanson supports income splitting, a policy where family income is combined and split for tax benefits, encouraging one parent to stay home.
Dolce & Gabbana showed their latest menswear collection at Milan Fashion Week, focusing on bold and flashy styles despite facing financial troubles and company changes. The brand is dealing with a large debt and possible property sales while trying to maintain its image in a tough luxury market.
Key Facts
Dolce & Gabbana’s latest menswear show featured bold and revealing clothes with Italian style themes.
This was the brand’s first menswear show since earlier controversies and leadership changes.
Stefano Gabbana resigned as chair in December but remains co-creative director.
The company is carrying a £391 million debt and may sell and lease back some of its properties.
Dolce & Gabbana remains popular on red carpets despite wider luxury market challenges.
British designer Paul Smith also showed a collection at Milan focusing on suiting for younger customers.
Paul Smith noted that young people want smarter clothes that are relaxed and less formal.
The fashion events highlight how designers adapt to market changes and evolving customer tastes.
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Chinese companies investing abroad face growing pressure because of poor working conditions for their workers. Problems with labor standards are starting to limit how and where these companies can invest outside China.
Key Facts
Labor conditions for workers of Chinese firms overseas are under increasing scrutiny.
Poor treatment of workers is causing challenges for Chinese companies investing abroad.
Issues with labor standards are becoming a real obstacle for Chinese outbound investment.
These concerns may affect the growth and operations of Chinese firms in other countries.
Efforts to improve labor conditions could influence China's global business activities.
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Mars, the company that makes M&Ms, will release new M&Ms without artificial dyes, using natural colors instead. The new packs will not include the brown and blue M&Ms because the company could not find natural dyes to match those colors. This change supports the U.S. government’s effort to reduce artificial additives in food.
Key Facts
Mars is introducing M&Ms without artificial dyes for the first time in nearly 90 years.
The new naturally dyed M&Ms will be available on Amazon starting in August.
Brown and blue M&M colors will be removed as natural color replacements were not found.
The change aligns with the “Make America Healthy Again” (MAHA) movement supported by the Trump administration.
Health Secretary Robert F. Kennedy Jr. has been pushing to remove artificial colors from foods.
Texas Attorney General Ken Paxton is investigating Mars for allegedly misleading consumers about artificial dyes.
Artificial food coloring has been linked to health concerns, especially for children.
Other companies like Nestlé are also removing synthetic dyes from their U.S. products.
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Chef Cliff Rome, a well-known Chicago chef, has a contract to provide food at the Obama Presidential Center. The center opened to the public on Juneteenth.
Key Facts
Chef Cliff Rome is recognized as an important figure in Chicago’s food scene.
He has an agreement to offer local Chicago-style food at the Obama Presidential Center.
The Obama Presidential Center started welcoming visitors on Juneteenth.
The news was shared during an interview on "CBS Saturday Morning."
The center is located in Chicago and celebrates President Barack Obama’s legacy.
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A CBS News business analyst shared advice for parents who give money to their grown-up children. The tips help parents manage their money while supporting their adult kids.
Key Facts
The advice comes from Jill Schlesinger, a CBS News business analyst.
The tips focus on financial support for adult children.
The discussion was on the program "CBS Saturday Morning."
The advice aims to help parents balance their own finances and support.
The segment is available on the CBS News app and website.
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The Federal Reserve, under new Chair Kevin Warsh, is reducing the amount of information it shares about future interest rate decisions. This change could lead to more unpredictable markets and slightly higher borrowing costs for consumers and businesses.
Key Facts
Kevin Warsh is the new chair of the Federal Reserve.
The Fed used to provide detailed statements about interest rate decisions; now those statements are shorter.
The Fed no longer offers "forward guidance," which means it doesn't give clear hints about its future actions.
This approach aims to reduce market dependence on Fed signals, which Warsh believes are most useful during crises or downturns.
Experts warn that less guidance may increase ups and downs in stock and bond prices.
As a result, interest rates for loans like mortgages could rise a little, by about a quarter of a percentage point.
After the Fed’s recent meeting, stock prices fell and Treasury yields increased.
Warsh’s communication style is compared to that of former Fed Chair Alan Greenspan, who kept markets uncertain about future moves.
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CBS Mornings is offering special discounts on various products to help improve daily life. Viewers can visit cbsdeals.com to find these deals and make purchases.
Key Facts
CBS Mornings is promoting exclusive discounts on selected items.
The deals aim to improve everyday lifestyle.
Shoppers can find the discounts at cbsdeals.com.
CBS earns commission from purchases made through the website.
The deals are featured during the CBS Mornings program.
The promotion is available through the CBS News app and web browsers.
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Claude Guillemot, cofounder of the video game company Ubisoft, died in a small plane crash in western France. The crash happened near La Baule aerodrome, and Guillemot was reportedly flying the plane.
Key Facts
Claude Guillemot helped start Ubisoft, a major gaming company.
He was also chairman of Guillemot Corporation.
The plane involved was a Cessna 421, a small twin-engine business aircraft.
The crash happened near La Baule, Loire-Atlantique, France.
Two people died in the crash, including Guillemot.
Guillemot was said to be piloting the aircraft.
Ubisoft expressed sadness and sent condolences to his family.
The investigation details are still emerging, and no further statements have been made.
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Capita, which manages a large pension scheme, promised to fix long delays in pension payments by the end of June 2026, but this deadline is unlikely to be met. Many retired and current civil servants are facing financial difficulties due to these delays, and cases of pension fraud are also rising, with fraudsters now using AI technology.
Key Facts
Capita manages one of the biggest pension schemes in the country.
Pension payments to tens of thousands of retired and serving civil servants have been delayed.
These delays cause serious financial problems for pensioners and their families.
Capita promised the Public Accounts Committee to solve these problems by the end of June 2026.
The deadline to fix the issues is not likely to be met.
Reports of pension fraud are increasing.
Fraudsters are now using artificial intelligence (AI) to carry out scams.
A consumer expert gave advice on avoiding extra fees when using cards abroad during the holiday season.
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Ralph Lauren held its second menswear show in Milan, focusing on ties as the key accessory. The brand is appealing to younger customers while keeping longtime fans happy, and it recently reported strong sales growth, exceeding $8 billion in revenue for the first time.
Key Facts
Ralph Lauren’s latest menswear show highlighted ties in many creative forms, including skinny silk ties, cravats, and even shoes made from tied-together ties.
The show aimed to attract younger customers, like Gen Z, without losing older loyal customers who have worn ties for decades.
Ralph Lauren’s CEO announced a 15% sales increase for the last fiscal year, with revenue surpassing $8 billion.
The Milan show combined the upscale Purple label with the more casual Polo brand, showcasing a mix of styles.
The event featured a 1920s Italian sports theme, with items inspired by boating and outdoor leisure.
Celebrity guests included actors Tom Hiddleston and Colman Domingo and racing driver Lewis Hamilton.
The Polo collection targeted younger shoppers inspired by TikTok fashion trends, with loose camo pants, colorful shirts, and patched rugby shirts.
The range used techniques like visible mending and embroidery to add a handcrafted feel to the clothing.
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Lloyds Banking Group will hire 300 technology experts to work on advanced artificial intelligence (AI) projects by September. The bank aims to improve online banking, fight fraud, and personalize customer service using AI, while also preparing for changes AI may bring to jobs and work roles.
Key Facts
Lloyds plans to recruit 300 tech workers to develop and use autonomous AI that can perform tasks with little human help.
This recruitment will add to a 1,000-strong AI team, including current staff being retrained.
AI will be used to detect scams, improve operations like HR document handling, and make online banking more accessible and personalized.
Lloyds’ AI work brought a £50 million financial gain last year and expects £100 million this year.
The bank’s CEO, Charlie Nunn, has said some jobs may be reduced in the future due to AI.
Other banks, like Standard Chartered, have cut thousands of jobs partly because of AI adoption.
Research shows many UK banks are not fully prepared for potential AI system failures, with limited testing done for such outages.
Experts say banks need more regular AI risk testing to ensure business continuity and meet regulatory standards.
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Ilan Goldfajn, head of the Inter-American Development Bank (IADB), met with Pope Leo XIV to discuss the benefits of mining rare earth minerals in Latin America. Goldfajn emphasized that mining can support technology growth and help the region if done with proper environmental and labor protections. The Vatican has opposed mining activities that harm indigenous lands, making this a key point of discussion.
Key Facts
Ilan Goldfajn leads the Inter-American Development Bank, focusing on Latin America’s economic development.
He met privately with Pope Leo XIV to present the case for responsible rare earth mineral mining.
Rare earth minerals are vital for technologies like smartphones, electric cars, and jet engines.
The Vatican has opposed mining companies due to environmental damage and harm to indigenous peoples.
Latin American countries have identified copper, lithium, cobalt, nickel, and rare earth elements as critical minerals.
The IADB has approved about $4 billion for mining projects in Chile, Argentina, and Brazil, mostly with private companies.
Goldfajn stressed the need for strong labor, environmental, and governance standards in mining.
The meeting took place in Rome prior to Goldfajn’s presentation to European investors on the mining sector’s potential.
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A family in Texas gave 87 acres of land in 1999 with the hope it would become a park for the community. However, after several ownership changes, the land was sold for $10 million to a company planning to build a data center, leading to local disputes.
Key Facts
The Bland family sold 87.797 acres in 1999 for $10 to the Texas Parks and Recreation Foundation, intending it to be parkland.
The deed mentioned the land was for future use as a park, but this was not a legal restriction.
The property has been zoned for industrial use since the 1970s.
Ownership changed multiple times: from the Texas Parks and Recreation Foundation to the Williamson County Park Foundation, then to the City of Taylor, and later to the Taylor Economic Development Corporation (EDC).
In 2025, the EDC sold the land to NCP Travis TPP Project LLC (Blueprint) for a data center project.
The sale raised $10 million for the EDC and is expected to bring about $30 million to the city and $20 million to the local school district over 10 years.
The city is using the funds to build infrastructure, such as a wastewater line, which will create jobs and revenue.
Some local residents oppose the data center, recalling the land’s original intent to be park space.
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Lanchester Wines in northeast England uses heat from a flooded, disused coalmine to keep its wine warehouses at the right temperature. This system lowers their heating bills by about 35% and reduces their use of fossil fuels.
Key Facts
Lanchester Wines stores thousands of vintage wines in warehouses in Gateshead.
They pump warm water (about 19°C) from a flooded mine to heat their facilities.
A heat pump increases the temperature before the heat is distributed inside.
Using mine water heat helps keep wine at 8-10°C, ideal for storage.
The company faced challenges like poorly located boreholes and negotiating agreements with the Mining Remediation Authority (MRA).
A new deal with the MRA runs until 2044 and simplifies permission processes.
The approach serves as an example for other businesses to use mine water heat in the UK.
Technical issues include managing toxic gases and preventing corrosion from minerals in the mine water.
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Granta, a well-known literary magazine, has decided to stop publishing winners of the Commonwealth short story prize after controversy arose over possible use of AI in one winning story. Granta said it will no longer take part in publishing partnerships where it cannot control the editing process.
Key Facts
Granta will no longer publish winning stories from the Commonwealth short story prize due to AI-related controversy.
The decision followed speculation that a Caribbean regional winner’s story may have been partly written by AI.
The accused story, "The Serpent in the Grove" by Jamir Nazir, showed unusual writing patterns that some said looked like AI writing.
Nazir explained he writes using speech-to-text technology because of health problems that make typing hard.
Granta said it will keep shortlisted stories available on its website but stop external partnerships like this one.
The prize gives £5,000 to an overall winner and £2,500 to regional winners.
The Commonwealth Foundation confirmed all shortlisted writers stated they did not use AI.
Neither Granta nor the Commonwealth prize has fully resolved the AI use question, keeping the issue open.
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Jaguar Land Rover (JLR) may face delays in receiving electric car batteries from a new factory in Somerset due to construction and management issues. The factory, called Agratas and backed by the UK government, was planned to start production in 2027 but is now expected to be later than January 2028.
Key Facts
JLR relies on the Agratas factory in Somerset to supply batteries for its electric cars.
Agratas and JLR are both owned by Tata, an Indian company.
The UK government promised £380 million to support the Agratas factory.
Agratas replaced its main contractor, Sir Robert McAlpine, after giving only three weeks' notice.
The factory’s initial construction budget was £800 million but is now expected to exceed £1.3 billion.
Key parts for the factory, like a power substation, have not yet been ordered, causing delays.
Several senior staff at Agratas have left recently, adding to project challenges.
Delays at Agratas could slow down JLR’s production of new electric Jaguar and Land Rover vehicles.
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The practice known as box breaking, where people buy and open sealed boxes of collectible cards to sell the contents individually, is being closely examined to determine if it should be considered a form of gambling. This scrutiny comes as the collectibles market grows and regulations around gambling are tightened.
Key Facts
Box breaking involves opening sealed boxes of collectible cards and selling the cards separately.
This practice is popular in the collectibles industry, especially for sports and entertainment cards.
Authorities and regulators are reviewing whether box breaking should be regulated as gambling.
The review is due to concerns about gambling laws and consumer protection.
The collectibles market has grown significantly in recent years.
Some people view box breaking as a game of chance, similar to gambling.
The outcome of this review could affect how box breaking businesses operate.
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London has the strictest rules in the UK for bars and restaurants opening late at night. Many parts of London have limits around 11pm to midnight for new venues, while other cities like Manchester and Birmingham allow places to stay open much later.
Key Facts
London councils often refuse new bar or restaurant licenses if they want to open after 11pm on weeknights and midnight on weekends.
Areas like Hackney, Westminster, Islington, and Camden have specific curfews and policies limiting nightlife hours.
Westminster has a "cumulative impact zone" that blocks most new bar licenses unless there are exceptional reasons.
Other UK cities such as Manchester, Birmingham, and Leeds have far more flexible rules allowing late-night openings until 2am or later.
Birmingham’s Digbeth neighborhood allows venues to open until 5am with little opposition from authorities.
Business owners in cities with lenient rules report good relationships with local councils and few noise or crime problems.
London’s tight restrictions have led experts to say its nightlife is shrinking, while nightlife is growing in cities with looser rules.
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The European Commission plans to speed up mining projects for critical minerals needed in technology and green energy by changing water protection laws. Many of these mines are in parts of Europe with limited water, raising concerns about water shortages and environmental impacts.
Key Facts
Mining requires a lot of water for processing ore, controlling dust, managing waste, and removing water from mines.
Over half of the 33 new or expanded critical mineral mines in the EU are in areas that have been drying in the last 20 years.
Nearly half of these mines are in drought-affected zones, and a quarter are in water-stressed regions.
Spain, Portugal, and Greece, where several mines are planned, face severe water scarcity.
Environmental groups worry these mine projects may harm water resources and natural habitats.
The EU wants to reduce reliance on imports by developing its own critical mineral sources.
The EU aims to revise its water protection law to help mining projects move faster through approval processes.
The mining industry supports changes that provide clearer rules and more time to meet water quality goals, while the EU Commission says projects must still follow environmental laws.
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