Money Week

Good week for:

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Marvel Studio’s new superhero film, Shang-Chi and the Legend of the Ten Rings, beat the US Labor Day weekend box office record, with estimated ticket sales of $71.4m, says the Hollywood Reporter, despite rising coronaviru­s cases. Halloween held the previous record of $30.6m, set in 2007.

An employment tribunal has awarded £185,000 to Alice Thompson, an estate agent, for sex discrimina­tion. Thompson’s boss had rejected her request to work a four-day week and to leave work at 5pm “to collect her daughter from nursery”, rather than 6pm, says The Times. The tribunal found that the 6pm requiremen­t put Thompson at a “disadvanta­ge” relative to her colleagues.

Bad week for:

Nicole Scherzinge­r (pictured), lead singe r of pop band The Pussycat Dolls, is being sued by the act’s founder , Robin Antin. Antin claims the singer reneged on a deal to take part in a reunion tour, which was delayed by Covid-19 .In2 019, Scherzinge­r took a 49% share in P CD Worldwide, a related business venture, but then this year allegedly demanded it be raised to 75%, reports New Musical Express.

Jim Simons, the founder of hedge fund Renaissanc­e Technologi­es, alongside past and present top executives and their spouses, have agreed to pay as much as $7bn in “back taxes, interest and penalties” to US tax authoritie­s, says The Wa ll Street Journal. The dispute arose over executives’ conversion of short-term trading gains into long-term profits, which are taxed at a much lower rate. It is thought to be the largest such settlement in US history. Simons will pay an additional “settlement payment” of $670m.

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